I would like to suggest an irregular Pair. Not to Trade but, moreso, to Observe.
EURCAD
Dig & Ye shall find.
B
EURCAD
Dig & Ye shall find.
B
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI would like to suggest an irregular Pair. Not to Trade but, moreso, to Observe.
EURCAD
Dig & Ye shall find.
BIgnored
DislikedI would like to suggest an irregular Pair. Not to Trade but, moreso, to Observe.
EURCAD
Dig & Ye shall find.
BIgnored
DislikedI looked at this pair earlier so I'll take a shot....On daily I see a break from the current consolidation into previous consolidation. On 4H I see a series of Lower Highs and Lower Lows, culmination with a very nice continuation BEOB out of the consolidation zone. I think we could be well on the way to 1.3500 or much lower.Ignored
DislikedTouch trade, first time back entry purely on the strength of a level. Support turned resistance.
There's a 1h LCS there too for any Jarroo followers. (Not that I'm promoting lower time frames or anything).
Let me know if I'm cluttering the thread here people.Ignored
DislikedHey Fx7877, for TTs, PA setups or breakouts I do tend to take partial profits at the targets. It really depends on what I'm trading into . .meaning, is there Space or traffic in my path. . .Am I trading into consolidation or trading out of consolidation, etc.
I will use the targets to manage my trade and/or trail my stops. I will reduce my risk once Price start moving in my direction, again it depends on the type of trade that I am in.
JimIgnored
Disliked5,
Awesome quick one here! Is the dotted line your SL and the solid black line your target?Ignored
DislikedI looked at this pair earlier so I'll take a shot....On daily I see a break from the current consolidation into previous consolidation. On 4H I see a series of Lower Highs and Lower Lows, culmination with a very nice continuation BEOB out of the consolidation zone. I think we could be well on the way to 1.3500 or much lower.Ignored
DislikedMike,
As a follow up on your USDCAD breakout trade earlier, there is now a PB formed right above where the breakout is i.e 1.03. If it breaks above PB high wld u consider this a good setup for breakout-pullback type of trade?Ignored
Dislikedhiya FX, i'm not mike and i don't know if this is a good setup or not,but i took that trade
my entry point was the breakout of the 1 hour pinbar, took about 50 pips (on demo account still) there is also inside bar breakout setup on H4 if you noticeIgnored
DislikedMike,
As a follow up on your USDCAD breakout trade earlier, there is now a PB formed right above where the breakout is i.e 1.03. If it breaks above PB high wld u consider this a good setup for breakout-pullback type of trade?Ignored
DislikedHey Fx
For me this would not qualify as there is no breakout pattern. I look for clean breakout patterns when playing breakouts. Wedges, horizontals, clean TLs etc. Also if you notice the close on that bar and what we just spoke about closes as well
Careful out there folks things are going to be volatile
MikeIgnored
DislikedSo Mike in your opinion is this the type of event that you just sit back and wait a day to see how everything works out? I can't see how I can pull anything close to a sure thing with all this craziness out there. I feel like I would be playing on hope more than logic.Ignored