First Trouble Area
RIP RTM
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedasking for other traders opinion on this trade.....trying to discipline myself for quality trades not quantity. Guilty of jumping into trades without doing due diligence ( you know you've been there, that glazed look in the eyes) I've marked my entry level, SL and TP1 and 2. What I liked about this setup was the BEOB off a PPZ{image}Ignored
DislikedIt depends on your atitude to risk, you could have placed a buy order above that large 'resistance' area I marked and hoped for the best, but the number of times breaks like that instantly reverse means I prefer to wait for confirmation like a pullback then look for an entry. Saying that, often after an area holds for quite a while you do get rapid moves through it, as I say it depends on your atitude to risk. Now we'll see if that area holds as support, if you look at the smaller time frames you'll see it has some already. The outside bar you mention...Ignored
DislikedTough pair to trade but making steady progress with the GBP strength and NZD weakness {image}Ignored