Mr Wonka explains what happens when you start out trading and jump into lower TF trading using bollinger and all that stuff.
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Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedMorning.
I have my eye on EUR/USD. Testing the 50 fib. Looking for today to close as a pinbar and a break above tomorrow will see me enter long.Ignored
DislikedMorning.
I have my eye on EUR/USD. Testing the 50 fib. Looking for today to close as a pinbar and a break above tomorrow will see me enter long.Ignored
DislikedInterested if 1.0400 acts as resistance and give me some nice PA for short play
EDIT update : and it did ! pinbar shape inside bar double low wow what a combination hahahaIgnored
DislikedWhat do you think? Nice pin and bounce from resistance on H4, but looks like testing support on weekly. As far as my thinking goes, go short with small stop, and see how support plays out. Am I being too agressive here?
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DislikedWhat do you think? Nice pin and bounce from resistance on H4, but looks like testing support on weekly. As far as my thinking goes, go short with small stop, and see how support plays out. Am I being too agressive here?
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DislikedUpdate:
Could take a few days for something to set up still
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other pairs im keeping an eye on. looking for breaks and pullbacks (+pa and some confluence may be)
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DislikedThanks Q, but not this one. I have seen one where there are lists of PA in 3 different columns i.e Weekly, Daily and 4H where the PA is listed out in text format, not in chart form. The whole list is in text format. I just couldn't find it now.Ignored
DislikedHappy to....been out of pocket a few weeks.
I normally trade combination bars, but I sold the USDCAD yesterday 8H yesterday....couldn't help it with the strong close and parity there.
2% to the account in 12 hours . Thanks to mike, jarroo and J16. Trade progression below (moved stop slightly right after entry).Ignored
DislikedPlaying out wonderfully today. I love gold at the moment.
2 short trades from 1700. 1st one closed out for full profit when short reached demand zone at 1682.xx. 2nd one on retest of 1700 short still open with SL@BE. Might hold this one....
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DislikedWhoop de doo.... biggest ever trade for me... 500 pips+ so far. SL at 400p. closed out some, left a little on the table.
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