I know this isn't at a swing and is in traffic - but do any of you channel traders like the look of 1.5200 from this PIN off of 1.5500?
Anything can happen.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI know this isn't at a swing and is in traffic - but do any of you channel traders like the look of 1.5200 from this PIN off of 1.5500?Ignored
DislikedCool! I decided to play both, eur/cad & eur/gbp. Both came out nicely, full profit on each.Ignored
DislikedHi Jon,
I was just looking at it too, decided to skip it because of that little demand zone right in front of the BEOB...The bar doesn't look that strong to me, so I think that little consolidation is the FTA actually, so no room to move.
Just my view on it.
AdiIgnored
Dislikedyeah mate play it how you see it...
that is the first FTA as you say and it does have some history, but i feel it is a strong bar atm and that should pose no great problems for it..?? i will be watching closely though at that level if i take it and will probably take some action to reduce my risk.
cheers
jonIgnored
DislikedI just missed Sir James! Guy's what is your opinion regarding EUR/NZD daily TF. If the BEOB (yellow arrow) just closed below 1.7700, will you trade it? FTA 1.7600?Ignored
DislikedHello, one thing i would like understand
if on each trade our risk is 1% risk and 2:1 ratio
if we do this on m15 charts we could get one or several winners in the day.
For each winner, our account is 2% up.
Now if we do this on daily, we need more than 1 day to have a winner and the profit in our account is also only 2%
so we must make more money with the m15 time frame than with the daily ????
Can we conclude that a sucess trader will win much more on low time frame than high time frame with the same method
Thanks for your answers...Ignored
DislikedHi guys, I wanted to analyze a chart from today as I am just beginning to read through the thread.
In an effort to avoid information overload, I wanted to practice identifying the first concepts, two bars with matching high or lows and a lower or higher close. Attached is my chart.
It seems as though this alone would be heavily profitable if taken, stop placed a few pips behind the bars, and a 3:1 RR always used, and 2% risked. Also, I recognize the increased odds with the long off of the bottom pivot towards the end of the US session.
Thanks...Ignored