Waiting here
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedanother good way to look at it, what this tells us? MAJOR area here. If we close above this last box we could be headed back up. I would prefer we close below BRN of 1.25
Waiting here
MikeIgnored
DislikedAfter today's close, I decided to go long on EURUSD. Price failed to close below support again and I thought a buy with a small SL would be low risk. I'm only using a third of my normal risk. My thinking here is that even though there is weekly and trendline resistance overhead, there is still enough room to capture profit and/or get to break before it's hit. Had price closed below support, I wouldn't have looked long here.
Anyone else see this or something different?Ignored
DislikedHey Slider
I sort of meant the little consolidation box we have been in the last couple weeks here. Boxing right on the BRNIgnored
DislikedA quick question about HCR levels. Are we only looking for clear swing HCR/LCS or are these levels considered?Ignored
DislikedGood question. I don't know how Jarroo handles these levels but I personally take them into account. I would like to see at least a breach of that level (i.e. price getting above but not necessarily closing above it). That would be a sign for me that some of its strength is absorbed and price may break through next time it gets there.Ignored
Dislikedchart I am watching here
usd/cad forming a nice pattern here, good areas to watch for price actionIgnored
DislikedHere is a beauty to watch too.
I do this all day long with patterns, I love itIgnored
DislikedGreat examples Mike, thanks for sharing!
This particular one is my favorite to watch this week I wish to see a bearish breakout
How could I missed this Just put in my watchlist hehe!Ignored
DislikedWhat should you watch out for though if you take a bearish breakout(not wrong I'll watch that too) but there is a key area to watch
MikeIgnored
DislikedFlat take profit at 0.9800 for sure. Possible second entry as i expect a bounce back... then sell to 0.9800 again watching for a break further down
That's the initial plan May end totally different as new information comes by you know
May be good for a bullish break, too. But i find i am even pickier than you and i don't like it enough. Kinda miss a pinch of little more divergence.Ignored
DislikedVery good Rust, 9800 is major big time stuff. Everything is very cautious for me to the downside trading into such a major area. Easier to watch that area alone.
Best
MikeIgnored
DislikedHey guys,
I have a question regarding the SL on the PBT method. I understand that usually, the SL is above/below the Bar that PBT.
Can we reduce this if we find a good/safe zone (like a PPZ) in the lower TF that gives us a bigger position size, and therefore a higher RR?
(This isn't a very clear/strong PBT example, but just for example's sake).
ThanksIgnored
DislikedI like this one more in terms of possible retrace/trend reverse. What do you think ?
These middles of BRN's (.x2500 and .x7500) are very strong man! I love em!
AttachmentIgnored
DislikedHey brzvadeg . rememeber chart 3 from this post?
I cleaned it up a bit to show you how reactive the LCS levels can be when the pair has her mind set on trending up.Ignored