- Post #2,081
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- Feb 27, 2012 2:49am Feb 27, 2012 2:49am
- | Joined Nov 2011 | Status: Member | 143 Posts
- Post #2,099
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- Feb 28, 2012 9:40pm Feb 28, 2012 9:40pm
- | Joined Mar 2011 | Status: Member | 204 Posts
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DislikedHi Dazzdudde
How would you consider playing on the untouched levels?
I mean as for deadly accurate entry plan...Ignored
Dislikedheebbyjeeby,
IMO it is not a perfect pinbar. It closes above open price, and its has massive body (on my chart), and lower long wick (on duzzdude chart).
But, there are some other Price Action S&D and Trend Line hinting for at least a Pullback...Ignored
DislikedAny decent untested level is worth a potential trade. Always look for confluence at the level and take into consideration the market structure and price action. At the level, you can drop to a 5min to confirm an entry if you like. You never can tell how much the price will react, so its always a good idea to take a some off the table early so if it react only a little and then fails, you sustain a BE, or smaller loss. These types of levels are everywhere, so be picky which ones you choose.
dIgnored
DislikedHi Dazzdude,
refer post #2080
About the untested levels you have plotted, what about looking more left, I mean a bigger swing, some untested levels might have been tested. What is your thought? TQ.
AttachmentIgnored
DislikedThought I would do a follow up on yen.
Level/zone held (that is the main point to note) and provided 3 potential entry points. Chart 1.
I would have expected a push back and restest of the daily low. That would have been a good target. Take of some profit off at around 30 - 40 pips (the smallest rally of the marked points was 45 pips, then leave rest to ride for target - which has not been reached yet). Chart 2.
I should point out that the yen is very seasonal....Ignored