Hi all,
I took a long on us-jy based on this chart.
I took a long on us-jy based on this chart.
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Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedUSDCAD made a PB off the 50% and nimbly nabbed my stop. I admit, it was in the worst place and at a classic "trick me out" price, but still, this is the reason I stopped bothering with USDCAD, about as predictable as a woman during high pregnancy...same applies to EURCHF for me. Oh well, live and learn. Need to get me a trailing stop broker...Ignored
DislikedThanks to you guys for teaching me. I went long EURJPY H4 this morning based on these double bars. (North Finance broker)Ignored
Dislikedgj banzai let us know how it works out
here is a pin I am going to enter when it breaks, having a sellstop order in
AUD/NZD 4 hr pin off resistance 365 and 50% retrace worth a shotIgnored
Dislikedhi mike, Just wondering for example with this aus/kiwi trade your about to enter, how many pips do you consider a break, do you place your entry like 3 pips below, or 1 pip below, i know this is a personal choice, but im just interested to see how different people chose that number.
Thanks
westieIgnored
Dislikeddepending on the timeframe, but for the 4hr i like 7-10. My entry is at 1.1324 for this trade. For the less volatile pairs I will use 5-7 pips.
Take care,
MikeIgnored
Dislikeddoes that include the spread?
i have been using 2-3 pips not including the spread. since i use a bid chart, i enter long when the bid price is 2-3 pips above the pin bar. if the spread is 4 pips, my actual entry price is ends up being 6-7 pips above the pin bar.
im also curious how many pips other traders put their stops above or below a pin bar. once again, i normally place it 2-3 pips (not including the spread)above/below it.
regards,
CFIIIgnored
DislikedHmm this is weird, i know the charts will slightly differ between brokers but here's the aud/nzd chart and its nothing like yours Mike?? This is a North Finance Demo account...Ignored
DislikedUSDCAD made a PB off the 50% and nimbly nabbed my stop. I admit, it was in the worst place and at a classic "trick me out" price, but still, this is the reason I stopped bothering with USDCAD, about as predictable as a woman during high pregnancy...same applies to EURCHF for me. Oh well, live and learn. Need to get me a trailing stop broker...Ignored