Let's have a mini pool
What will price do? Will 1.2340 hold? Will it find resistance at 1.2400? Shoot through?
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=14.0)
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedYes, that is a very valid Weekly setup . Patience, my friend ..Price may retrace down still and trigger your entry . .
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But it is also valid to use PBT&CArorB on the Daily . . . with Weekly HCR/LCS levels . .chartsIgnored
DislikedHey Raf , You are probably out of the GBPNZD trade at BE aren't you ??? Wanna know an interesting thought ???Ignored
DislikedHey do you use fixed tp-levels like 1; 1,5 or 2R (adjusted by s/r -levels), so that ideally every trade yields the same or do you trail them?
For me its very hard to place the trailing stops, sometimes they are to far, so i give a lot of the pips back or sometimes they are too close, so im out very fastIgnored
DislikedHey SS
Everyone will be different. I prefer to use discretion just as I do for my exits. Some trades I set a fixed tp, some trades I trail out etc. When I say trail though I do NOT use a trailing stop like a broker offers. I trail my stop manually based on S/R and price action
Best
MikeIgnored
DislikedHello mike , Can you please provide us with your views about USD JPY ???Ignored
DislikedHello mike , Can you please provide us with your views about USD JPY ???Ignored
DislikedThat's an interesting observation HC, but I do look at both levels of the (damn) gaps of HCR/LCS levels.
JimIgnored
DislikedHi folks,
Just closed off a modestly successful demo trade on dollar-swiss. I attach the chart here.
You can check out my rationale (good or bad?) at my trading journal here: http://moneyblogpost.com/2012/08/13/...-swiss-usdchf/
Appreciate any thoughts, especially from the J16 crew about how they would rate the set-up.
Thanks!Ignored
DislikedHey Dave
Put some notes on a chart for you if you need any more explanation let me know
Best
MikeIgnored
DislikedHey Dave
Put some notes on a chart for you if you need any more explanation let me know
Best
MikeIgnored
DislikedHi Mike,
Thanks very much.
I figured it was a tight one and one to watch closely.
Would you bother with set ups like this? Or wait for even better ones?
Cheers
DIgnored
DislikedHey SS
Everyone will be different. I prefer to use discretion just as I do for my exits. Some trades I set a fixed tp, some trades I trail out etc. When I say trail though I do NOT use a trailing stop like a broker offers. I trail my stop manually based on S/R and price action
Best
MikeIgnored