As for the trade, the low of that daily bar is 135.75, price is now at 136.0.
I always do something just before price gets to the FTA, so if i were in that trade i would have taken full profit.
Nice to know that PA works with not the A+ setups
Yaniv
Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked
As for that trade, wouldn't take that kind of setup since the bar is not significantly bigger than the bars around it, but if it did i would ignore the 137.0 area and go for the 135.7 which is that bar's low.
Let's look if it will go to there
YanivIgnored
DislikedI guess my question is does this lend to confusion if you use more than one feed and the other feed does not coincide with the signal?Ignored
DislikedI know and have read here that "price is price and trade what you see"...Ignored
DislikedWhen I take a signal on one feed, I ignore the others.
I relative move over 'x' hours is what I'm after. Where did the signal bar close compared to the last bar that represented the previous 'x' hours ...and how strong is the statement that it is making, compared to that previous bar.
Does that make sense?Ignored
DislikedWhen I take a signal on one feed, I ignore the others.
I relative move over 'x' hours is what I'm after. Where did the signal bar close compared to the last bar that represented the previous 'x' hours ...and how strong is the statement that it is making, compared to that previous bar.
Does that make sense?Ignored
DislikedYes thanks....still verifying which may be the better broker...
...any suggestions?Ignored
DislikedHi folks
I am reading Elder's 'Trading for a Living' and he suggests using Volume to help when trading Head and Shoulders
Do you know if Volume is a useful tool to get a better picture?
AnhtonyIgnored
Dislikedi personally would love a volume indi to help my disision making but iv yet to find one that is any good for fx. i dont think you can get a reliable vol. indi for fx. shame.
jonIgnored
DislikedSilver DBHLC - Divergence and previous reversal level.
This bar is very similar in size to the previous hit up here. This time with divergence too.
Maybe green line for target? Who knows.
First trouble area very close, but I'm willing to risk my %0.5 on this one breaking past it , and willing to ride any draw down before that happens.Ignored
Dislikedi personally would love a volume indi to help my disision making but iv yet to find one that is any good for fx. i dont think you can get a reliable vol. indi for fx. shame.
jonIgnored
DislikedBecause there's no real volume information I guess.
FOr Forex, enough people nixed the idea of using volume for me when I first started. To be honest, I don't think it'd effect my results now anyway.Ignored
DislikedOne of the rare daily full bar losses I take. Some times you don't get the chance to manage your stop how you want to. ....Oh well.
Was going to show how I manage the bars with this one. lol
I guess I'll have to try it with the next daily trade.Ignored
DislikedI do give the close a lot of weight in my trading decisions and this how we judge our PA bars.
But then sometimes i hear people saying that close is just nothing market is running around all the time and take a look at some "level 2 price terminal" and you'll forget about the close.
gets me confused sometimes.
P.S: Congrats on your 2,000 valuable posts.
.Ignored
Dislikedbtw iv enjoyed your last few posts Bundy insightfull as always
cheers
jonIgnored