DislikedBEOB at swing high and triple top
round number 138.00
shame there was no divergence, but still a good set up.
entered on 10pip break of beob and took full profit at first trouble zone which was at 136.40.Ignored
Nathan
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedBEOB at swing high and triple top
round number 138.00
shame there was no divergence, but still a good set up.
entered on 10pip break of beob and took full profit at first trouble zone which was at 136.40.Ignored
Dislikedi guess it depends how much money one has to invest also,for some if they have prooved to themselves that they are consistently profitable with their real account they could live of there returns, even modestly, with a large enough account without having to build it up.
this is the mistake i made when i started to trade live, my concentration was on the money (in one way or other) and not on what the charts where offering. Taking the best setups and learning to understand why they are the best should still be a priority even if you are profitable,imo,and...Ignored
Dislikedi guess you this is the hard break you were waiting for buddy!!??
jonIgnored
DislikedGreat nhtrading mate, sweet 50 pips ha...
Hey jon....yes thats the one, but I didn't see that gap coming. EY doesn't want to fall down today it seems, some baracades on the way...I tighten my stops a little as I don't want to risk whole bar lose if it comes against me.
Regards,Ignored
Dislikednice one,
i was all in @136.68 and all out @ 136.36 for a little less than a 1:1 return.i dint have much faith in yen xxxs todat?? i couldnt get an angle on them as ussuall! lol
i wasnt expecting that gap either!
jonIgnored
DislikedLooks good Lan, your PPZs just remember are not a single line, but "zones". So here was the chart I posted in the PF someone asking the same question
Best
MikeIgnored
DislikedAs a complete newbie, would you say there is also a nice trend line from the pinnish bar on 2 August from which H4 is currently bouncing, confirming weekly pin? (sorry if i am talking rubbish)
Thanks
JezzaIgnored
DislikedExactly, I think 135 is in the cards and that is where I will tighten stops assuming no conflicting price action.Ignored
DislikedI am watching 135 with a LOT of interest
We area at the first trouble area here, so just don't let it turn around on ya as long as you can watch it. This might just drop right to 135 if we don't bounce right hereIgnored
DislikedI have moved my stop down to 13615. This area has provided resistance before so if the price stays below this level a further drop is quite probable.
The only other logical place for my stop would be above the current 4H bar which is just below my BE point.
Mike how would you manage this situation. We have broken through the first problem area (136ish) so is this where you would be putting your stop or would you still be at BE?Ignored
DislikedI would be looking to take full profit where we are simply because this pair is pretty choppy at them, and coming into the big ppz at 135. I don't get to fancy with these types of situations
MikeIgnored
DislikedYes looking at the 2nd top ( early August ) it was quite choppy and didn't respect this level too much so anything could happen.Ignored
DislikedI am surprised no one else is expecting a bigger move on this pair other than me, but then again I played it off of the daily and I suppose I would have a different approach on a smaller time frame.Ignored