Double Bar Low Higher Close on the GbpUsd
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Where can I learn more about Price Action like those in James16 charts? 9 replies
Quoting goodthingsDislikedDouble Bar Low Higher Close on the GbpUsdIgnored
Quoting bundyraiderDislikedIt's already reached the 100% copy. (yellow lines) Which also conincide with a lot of targets.Ignored
Quoting SeekingLightDislikedThe market it go chop chop.....
More boredom means more charts!
GBPJPY 15m, unidirectional chart since bearish setups spell almost certain death 99% of the time...even more so than on EURJPY.
Please ignore the fact it's 15m once again as that's pretty much nothing to really trade off unless you're risking 0-1 cent per pipIgnored
Quoting bundyraiderDislikedI tell you what seeking one,
That fib expansion made us look like geniuses this time round. Stopped pretty much to the pip.
For the moment anyway.
Awesome!Ignored
Quoting SeekingLightDislikedHere's how one coulda traded the news aftermathIgnored
Quoting SeekingLightDislikedHere's how one coulda traded the news aftermathIgnored
Quoting H103EFADislikedI took this trade too (USDCHF). Was using the 2H chart and went short after the retrace of the PB.
I only opened a small trade as wasnt sure how to play a news related PB.
What are your thoughts on where the price might be heading to? I can see some fibo lines around the 1.2415-12430 area and an S/R line about 1.2450!
HIgnored
Quoting SeekingLightDislikedHi,
I already exited the trade for a small profit. I had originally aimed for 1.2450, then got greedy and aimed at 1.2415. Changed my limit to that, saw it make a doji after hitting my target. A tiny FE 100 projection also suggested the wave ending at 1.2447. I should have just heeded that and taken a straight 30 pips. My entry was a bit late, 1.2480 after spread.
Still ok for a quick trade.
Attaching the chart with the fibs+S/R.
Best wishes,
SeekingLightIgnored
Quoting goodthingsDislikedDouble Bar Low Higher Close on the GbpUsdIgnored
Quoting habeebDislikedPrevious fiber long stopped out. This week starting bad. DBHLC on 1hr, same direction as the weekly. Went short targetting 1.2870.Ignored
Quoting mbqb11Dislikedhey habeeb was wondering if you held on, its at a retrace spot now to jump in but I can say this is one pair that i never do well with. I stopped trading it pretty much. It has been teasing a nice down move for awhile now!Ignored
Quoting SeekingLightDislikedThis isn't our week, is it Habeeb?
Got burnt on almost all the same trades as you, ended up cutting the really good ones for 15 pips and then seeing them go hundreds (I was long USDJPY at 118.98 and 119.20, left both for < 30 pips, now we're at 120.50)...
Alternatively I shorted cable, went to bed, saw it had moved out 50 then come back and stopped me out for a small loss.
Today again up 60, then a sudden hike and the stop disappears while I'm out.
Lovely to have a broker without trailing stops...
Then again the old malaise, I shorted EURUSD for +39 pips only to cut it before the real dive went through :S
*sighs* Can't catch a break here....always end up net negative or even on trades that could have increased my account by 20-33% this week total on really tiny stakes, it's mindnumbing.
Anyway, here's the breakdown of what I looked at while I shorted EURUSD in the aftermath. I simply went with the flow there and the classic newsfade.
I have also been telling a friend for a week now that USDCHF will hit 1.2350 and then 1.2500 and I guess I was right.
Can someone please tell me to simply trade what I talk, too? I would have been so much better off if I did that...Ignored