DislikedLooks ideal to me after dropping over 400 pips from the top...we need a correction now... Trade what you see not what you assume to think..."Ignored
aud/usd too. Time to pick some cherrys...
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedLooks ideal to me after dropping over 400 pips from the top...we need a correction now... Trade what you see not what you assume to think..."Ignored
DislikedHere is a perfect PA setup for the Au short all the wa down breaking the rising wedge to head for 0.95 as the next major stop...
Although i am done for the week it was a great trade to be taken and i would'nt have hesitated if i wuld be going along like this week for the entire next week, Going through the guest page on Jim's PF i saw his great idea on a trading plan, and will be looking forward to backtest it starting from next week, i am done with the layout on my wordpad page and i am all set for next week!
Best of luck!
Regards,
Ghous.Ignored
DislikedThat's NOT a A+++ set-up by a long shot Ghous. ...no offense.
I agree with the trend line you drew and it totally disagrees with the direction of your price bar.
It should also be at an obvious swing high , where as this one's just part of a small pause.
It's a very low grade position in my opinion.
Look to see a lot more space around your pin. The current one's nearly a direct neighbour to the preceding string of bearish bars.Ignored
DislikedAgree with AU cherry pick... but worry with the resistance that it will be facing going UP.Ignored
DislikedHi fubifx,
I'm just wondering if you are thinking that last bar is a pin, when it's clearly closing right smack bang in the middle of the bar.
Closes in 15 mins here.
The conflicting thoughts from both ghous and you guys suggests that there's no clear trade here ....yet.Ignored
DislikedOr that their daily closes at different times.
How's it going bundy!Ignored
DislikedTrue. Kiwi and Dollar Yen looking ripe too. Gotta love what Jim teaches.Ignored
DislikedThat's NOT a A+++ set-up by a long shot Ghous. ...no offense.
I agree with the trend line you drew and it totally disagrees with the direction of your price bar.
It should also be at an obvious swing high , where as this one's just part of a small pause.
It's a very low grade position in my opinion.
Look to see a lot more space around your pin. The current one's nearly a direct neighbour to the preceding string of bearish bars.Ignored
QuoteDislikedfubifx,
I'm just wondering if you are thinking that last bar is a pin, when it's clearly closing right smack bang in the middle of the bar.
Closes in 15 mins here.
The conflicting thoughts from both ghous and you guys suggests that there's no clear trade here ....yet.
Dislikedthe best part abt Eu Pb is that it'ss on with a confluence with the 50% fib which is the most important fib number there is... took it?Ignored