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Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedThanks!
At the BE waiting for my target to be hit.
Trying to stay more than first trouble area... well lets see.Ignored
Dislikedcan you please explain to me how you took the trade as ne person? thanks manIgnored
DislikedHello my Pip People!
New to the thread, and I have been in the forex for about 5 months now...
Here is my trade.Ignored
DislikedHi All,
here are some charts for discussion. I am eager to trade but much more eager not to loose money. I figured recently, if I save the amount I have actually planed each month for trading and do it consistently I will be fine.
It is a great feeling that durring many years it is possible to build up a nice capital. Buffer did not get rich overnight. Why I am inpatient?
Charts:
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DislikedHey Zol
Here are my views
Eur/aud is an easy pass for me, super small bar(yes it is at a swing low ) but coming off very very strong bearish bars(much larger). Tough to pick the bottom here with such a tiny bar makes it tough to manage
my thoughts on gbp/usd on chart
Best
MikeIgnored
Dislikeddest on weekly. be prepared for breakout. trigger is at about >23.40 usd.
daily volume is only about 80k shares. so use buy stop limit to avoid slippage.
very nice chart. i guess mike loves to see the boxes.Ignored
DislikedIts great seeing how Price is breaking through and closing above or below these boxes and finding new Support from old Resistance (and vice versa).
Great chart aserbfx . .
( I'm still playing catch up on the Thread)Ignored
DislikedHi Jaroo,
I know it's probably a stupid question but how much set ups do you see on the chart which are worth a trade?Ignored
DislikedHey Zol
Here are my views
Eur/aud is an easy pass for me, super small bar(yes it is at a swing low ) but coming off very very strong bearish bars(much larger). Tough to pick the bottom here with such a tiny bar makes it tough to manage
my thoughts on gbp/usd on chart
Best
MikeIgnored
DislikedFor what it's worth, price looks weak to me. We've taken out the swing lows which has hit the stop sell orders (and probably a bunch of limit buys too that may have been squeezed far enough to puke) and price rallied after that but its barely held the support into the close. If we do get a pop higher tomorrow that triggers that pin, I am pretty sure you will see offers coming back into the market around 1.6060 - 1.6095. That is certainly where I will look for shorts.Ignored
DislikedWell for H4 I like my Round Number for EURUSD to be in 100 pip intervals, that helps me to spot S/R and surrounding PPZ quickly. And I always pay attention if price could or could not close above/below it. Here on this Alpari chart I see Price is having trouble with 1.41. Also the best BUOB/BEOB is when it is also a Swing bar (so longer tail below those bar would have been better, imo). I would skip it mainly because it could not close above RN. I would not even try to look for other confluences that may be there like TL, Div etc. Close is not strong...Ignored
DislikedFor what it's worth, price looks weak to me. We've taken out the swing lows which has hit the stop sell orders (and probably a bunch of limit buys too that may have been squeezed far enough to puke) and price rallied after that but its barely held the support into the close. If we do get a pop higher tomorrow that triggers that pin, I am pretty sure you will see offers coming back into the market around 1.6060 - 1.6095. That is certainly where I will look for shorts.Ignored