DislikedI'm probably going to start a journal with setups I see (kind of like yours) on PF side and limit my posting here.
It's more fun on the other side and ... 'more' roomIgnored
Keeping it Simple
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI'm probably going to start a journal with setups I see (kind of like yours) on PF side and limit my posting here.
It's more fun on the other side and ... 'more' roomIgnored
Dislikedhi there
would you enter the break of the BEOB/TBHLC forming on the gj from fib 50, 4h 150 ema, crossing down the resistance level (Lime horizontal line) ??
if not - why not??
MichaelIgnored
DislikedWhat timeframe are you looking at may I ask? And I take it you went short, but what caused you to go short? I don't see any bar formations on the daily or 4hr charts. Cheers.Ignored
DislikedHey Michael
If it closes as is(mine doesn't close till 8pm eastern so i find no reason to start looking at dailies till 730). You play the trade both ways. My preference would be a break of the TBH getting us back into the carry trade the right way, although shorts are the preferred direction(not sure how long that will actually last)Ignored
Dislikedso you are actually saying that in your opinion it won't go short and if it does it wont last long?? but either way - you put entry on both sides?
thanks.Ignored
DislikedAgain, sorry for my ignorance... but why such a big secret about certain ma's ??? I have never seen anything in the PF saying that certain ma's should not be talked about on the Public forum...
GBP/JPY fell like a rock today... and to think I actually almost took a trade there... I was going to put orders 20 pips above the fib line and a sell order 20 pips below the "*" ema for a target down to the next fib line... I actualy would have made at least a couple of hundred pips that way... just can't believe I did not do it !!!
Can a few of you guys PLEASE give me some opinions on the monthly PB for AUD/USD about to trigger off a trade... I am inclined to take it...
Someone this morning mentioned that PBs are most often a compressed head and shoulders pattern... this is something I have noticed all along... if I look at the daily on AUD/USD I see kind of a head and shoulders there... Taking the monthly PB like this will not net me much profit since the stop will have to be so far away and my trade size so small... but is it not the principle of the matter that counts too ???Ignored
DislikedI also read this morning in this forum that if a PB does not break on the next bar, the order should be cancelled... is this true ? Is this the rule ? It does make sense to me... I think MBQB11 said that...
Thoughts... ????Ignored
DislikedOK well I went ahead and made the short trade on the AUD/USD... on my tiny account I made two trades short... at 2 cents a pip... first target .8160 and second target .7960 STOP at .8880 I believe these are regular PB rules...
Means the most I can lose is about $ 20 ( 1 % of my account ) and if I hit the jackpot... I get $ 24 ( or so ) I suspect the trade will be open for 3 -5 months !!!! Planning my Las Vegas trip already...
Yes I can trade other PA for more trade size... but this is first time for a monthly PB for me... just wanted to celabrate...Ignored
DislikedAgain, sorry for my ignorance... but why such a big secret about certain ma's ??? I have never seen anything in the PF saying that certain ma's should not be talked about on the Public forum...Ignored
QuoteDisliked
Can a few of you guys PLEASE give me some opinions on the monthly PB for AUD/USD about to trigger off a trade... I am inclined to take it...
Taking the monthly PB like this will not net me much profit since the stop will have to be so far away and my trade size so small... but is it not the principle of the matter that counts too ???
DislikedHi Tiki,
and yesterday you got a BEOB, which broke today so thats a nice confirmation, in case you wanted a smaller stop too....good work! RazIgnored
DislikedI think we are going to see some serious downside in the carry pairs and market indexes today...key support has just been lost on the Dax and the Dow is barely managing to keep its head above it...GBP/JPY is literally sitting on it too...good luck everyone.Ignored
DislikedI think we are going to see some serious downside in the carry pairs and market indexes today...key support has just been lost on the Dax and the Dow is barely managing to keep its head above it...GBP/JPY is literally sitting on it too...good luck everyone.Ignored