You were probably sleeping.
And apart from tweaking the PPZ I drew on the Daily on the weekly TF, all the relevant information was right there on the Daily......Food for thought.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedMerry Christmass to ALL that feel they can read some sembelence of sense into the Holiday Market.
Put down the Sniper Rifle, Lay away the Shotgun & pick up a Blunderbuss. You have as much chance of Calling it.
BIgnored
DislikedMerry Christmass to ALL that feel they can read some sembelence of sense into the Holiday Market.
Put down the Sniper Rifle, Lay away the Shotgun & pick up a Blunderbuss. You have as much chance of Calling it.
BIgnored
Dislikeda
Hi Jim, could you elaborate a bit on how you managed this trade? My first question when I saw the chart was: What did Jim do when the 2nd bar after the PB came back on him and would have taken him out at BE? Did you give this one more room to breath? Or did you re-enter on the retrace?
Thank you very much
HansIgnored
DislikedI have a feeling that we are going to see a bit more upward movement before resuming down to the 1.30 area. I am currently watching/waiting for some PA in the 1.3232 area or if that gets breached the 3280 area.
K.I.S.S.Ignored
Dislikeda
Hi Jim, could you elaborate a bit on how you managed this trade? My first question when I saw the chart was: What did Jim do when the 2nd bar after the PB came back on him and would have taken him out at BE? Did you give this one more room to breath? Or did you re-enter on the retrace?
Thank you very much
HansIgnored
DislikedRisk is 50 pips. At $1000 it was around 5% and as I my balance grew I still kept on using 50 pip stop loss.Ignored
DislikedHey Hans. You talking about this bar?
I imagine, he had already taken some off the table by then & moved the SL to above the 150 EMA. I would have.
Seems a logical place to move it above the 150 and the 1.33500Ignored
Dislikedi just took some partial profit at 32 and several other areas. the pullback to the 150 ema/3350 did not reach my stop at BE.
i did a video explainimng itr (pretty simple) but text posts are hard to cxonvey thoughts.Ignored
DislikedJarroo
Looks like we have a nice confluence area on GU daily, which happens to be the previous bar low to the weekly BEOB.Ignored
DislikedAghhhh, it has already tested the close of the monthly BEOB.
You are the Man!Ignored