looks at this AUDJPY consolidation. I can only imagine how beautiful that breakout will be :-)
cheers
cheers
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedlooks at this AUDJPY consolidation. I can only imagine how beautiful that breakout will be :-)
cheersIgnored
DislikedThe news guys always make me laugh, like to today . ."well Larry, looks like the market likes these numbers that came out today . ."
Why can't they say something like this . . ."Well Larry, that Weekly DBLHC hit its FTA now it looks like its going for those Highs at the 10700ish"
. . "That's right Bill we should be getting a reaction there . .if not we may find new Support . .back to you Larry . . "
lolIgnored
DislikedEven though this trade did not work out for you, rest assured it did make a good case study for me. All the best in further endeavour
CYIgnored
DislikedNZD/USD H4 BUOB Retrace to previous resistance
I took this trade a couple of days ago sorry for delay in posting.
Entry 0.7510
SL 0.7480
TP 0.7510
Moved to Be/E to quick really at 0.7532 took half off
Reached Target for remainder
Buob
strong uptrend with 3 distinct touches
Retrace to 0.7500BRN -PPZ 61.8 % Fib
Please Critic where needed so I can continue to improve
I use 3 clicks to size picture if it needs changing larger or smaller please let me know.
Thanks
DIgnored
DislikedHey D
Looks great and really thought out. I like an entry on the retrace say at the BRN 7500, and then a stop around 7445, under that min trendline, under the 50 round number and under the left lows of that bigger buob too.
But like the way you used all the core concepts to generate a trade plan. This is great stuff
MikeIgnored
DislikedI agree Mike . . .well planned out. Nothing wrong with move to B/E quick, in my book . .
On a side note . .
Something I observed about Outside Bars that don't immediately retrace to their previous bar, before or after they break.
One thing is the obvious why they don't retrace, that they have a lot of momentum, like all quality PA setups, and they just break hard and never look back. But if they don't retrace to their previous bar High/Low, that level tends to be a strong area to watch.
For example, the big BUOB just prior to...Ignored
DislikedHi Greenhaze,
Beware cause we had on the 30 Sept a fake breakout which you can see on the chart, I would recommend only taking a buy when price closes above the red line (fake breakout high)
Comments are welcomed.
Os.Ignored
DislikedThat only works for an SMA
Either way, it probably doesnt matter. There are such a wide variety of market participants with such a wide variety of approaches which incorporate such a wide variety of MAs, timeframes and calculation methods that the little differences are unlikely to mean much at all.Ignored
DislikedHi Jim,
I spent the last couple of hours reading messages on your thread and it is very informative. Thanks for creating this thread and your contributions. I have a basic question. How do you personally determine if the trend is up, down, or in a range? What method do you use to determine the direction when you are looking at a bare chart without indicators? If answering this question will take too much of your time, can you please point me to where I can find the answer on the forum? Thanks for your help.
NYCDwellerIgnored
DislikedEU has pushed up and then came back, not sure if bernanke has talked yet, heard he would today.
seems to me the up push was thwarted for now, so that means down unless that changes.
i want to see how this will effect the stock markets today, especially the open.
if EU moves lower, perhaps US markets will be up, or is it that europe is only weaker.Ignored