DislikedThanks Joel,
Yeah I agree, trying to load a large position into the market without it moving price against you is a skill (see Livermore)....Ignored
I hear and I forget. I see and I remember. I do and I understand.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedThanks Joel,
Yeah I agree, trying to load a large position into the market without it moving price against you is a skill (see Livermore)....Ignored
DislikedTrade - 20090813 - AUDUSD
D1 pin bar
Nose - 0.8178
Break - 0.8369
Length - 191 pips
Positives/Confluences
long nose, nice form, with trend, nose just touches 38.2% retracement of previous upwards move
Entry
(long) at 0.8380
Stops
0.8325 - 55 pips - below strong PPZ, right eye of pin
0.8225 - 155 pips - below strong PPZ, 23.6 retrace
0.8170 - 220 pips - below nose of pin, 38.2 retracement, .8200 round number, strong PPZ
Potential roadblocks
0.8400 - stupid round number
0.8450 - strong PPZ...Ignored
DislikedI was considering the USDCAD Short.....but doesn't a BEOB have to have a lower close that the previous bars low? Or is this a judgement call?Ignored
Dislikedmy trigger on this trade was based on H1 IB break, risk was 20 pips, first target was 1.0800.
already took some profit of the table and going to trail the rest to the moon.Ignored
DislikedNice trade Dat, I froze on it (my head is still spinning when CAD took out my stop that was 200 pips away from PA - from my yesterdays long)....but have moved my AUDUSD Long to BE.....risk free trade now....I like that...
GregBIgnored
DislikedFound a DBLHC today on the GBPCHF H4 timeframe.
I am using 2 brokers now ... 2 hours difference in H4 timeframe closing.
Damn after I missed the EURJPY pin bar cause of the brokers time difference, I check 2 different brokers now for setups lolz
Anyway:
DBLHC at
PPZ
Fib 38.2
Fib 50
Close above the 150EMA
MACD Divergence
Strong Bullish close of DBLHC
Cons:
Trading into a congestion area
not too much space available
Entry at 10 pips above high of the DBLHC
Currently managing trade moving stop loss to 1.7769
Will move stop relatively closely...Ignored
DislikedDamn Trader, you picking this up real quick, man.
You're recognising the Pro's and Con's real well.Ignored
Dislikedmy trigger on this trade was based on H1 IB break, risk was 20 pips, first target was 1.0800.
already took some profit of the table and going to trail the rest to the moon.Ignored