DislikedI am not so sure Mike would say this has alot of space....Mike could we have your opinion?Ignored
Edit: Well, maybe no space, but no traffic either???
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI am not so sure Mike would say this has alot of space....Mike could we have your opinion?Ignored
DislikedGBPJPY daily pin has formed at the 1.30 VBRN. The pin is not huge but I quite like the double bottom,
A head and shoulders has also just broken to the upside and I have taken this early entry with stop below the right shoulder.
As I am posting this price had dropped 20 pips or so but I think there is a very good chance there could be a break of the pin and a decent little run up from here. If not.... I lose this time and wait for the next trade
cheers
fxpIgnored
DislikedPrice testing your HnS break. It may want to test the 132.00 as well.
Sorry if I'm hogging your post fxp.Ignored
DislikedMay I ask where where you placed your stop on this trade? And how are you going to manage it since it triggered and went the other way right away?Ignored
DislikedI am not so sure Mike would say this has alot of space....Mike could we have your opinion?Ignored
DislikedMike is an easy pass on this one. I'm trading it very tight. Not a full position.Ignored
DislikedJust below the 132.00 (131.80). Its a very small position. Should be fun to watch Price and see how it behaves in this type of setup.Ignored
Dislikedboom, if it was a bigger nose through the last low it then becomes an easy trade! The little things for me.
Thanks Jim
MikeIgnored
DislikedJust below the 132.00 (131.80). Its a very small position. Should be fun to watch Price and see how it behaves in this type of setup.Ignored
DislikedAwww . . come on Mike! . .this baby going to the moon . . you gotta get on board . . . . oh wait . . . am I stoppped out yet.Ignored
Dislikednotice it hit that low basically too the pip. Must be a large resting order(as well as additional piled up there). So you could see a nice move. I would looove to blow out that low and then reject hard.Ignored
DislikedPB and Double Bottom Trading Plan.
I am new to this but what I have noticed at this time of day the traders just love their fib retracements.
Like with some pairs it is clockwork to the pip, sometimes over 100's of pips.
On my GMT+1 price came up from a low of 130.31 up to 132.79.
This is a 127.0% fib exactly to the pip.
Price then headed down and it is heading down at some speed on the H1 chart.
They don't care for pin bars or double bottoms - they love their fibs and they seem to be acting on them.
So expect price to come down to 131.54 and...Ignored
DislikedYeah, seems like we're going to get stopped out soon. That would be my third loss this month. The tight S/L approach doesn't seem to be working well for me these days.Ignored
DislikedOne last perspective.
A bit of room before next TL hit. My target is also a clear point on the daily chart.Ignored