Actually so did the EU that, I did not like the H1 BEOB that failed to trigger.
The thought process value of these two, are extremely precious to me.
And all that is due to Jarroo
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedThat's not bad Steve . .looking at Monthly or even Weekly levels on the 4 Hour TF or even the hourly . .
What I have found is that when different TF HCR/LCS levels line up can be very strong. . .like this Daily /Weekly HCR on the Euro . .
Price returrns and prints a Daily Close Confirmation of Resistance . meaning Price could not Close above the Daily /Weekly HCR level
. Confirmation that the level is still Resistance and . .. Bam!! . .
Look for these HCR/LCS levels when they line up on higher TFs . . they can be very powerful .. ....Ignored
DislikedYou traded that perfect Steve. . . . .you could have done the same with the other Weekly HCR level that was just above that one . .charts.
The Daily did close below our Weekly levels . .just barely . .well the Daily closed right on our Weekly level .8130 . .a stronger close below would have been nice.
Well done Steve. . .you just didn't see that upper Weekly HCR level . .(damn you gaps!!! . .)
JimIgnored
DislikedGU sure did pop.
Actually so did the EU that, I did not like the H1 BEOB that failed to trigger.
The thought process value of these two, are extremely precious to me.
And all that is due to JarrooIgnored
DislikedNo surprise here . .the Weekly / Daily HCR levels didn't change (Nov chart) . . Bam Baby . .
Anyone notice the reaction to these Weekly HCR levels in these before and after chart??
If you're seeing the formation of Daily Highs and Lows . .then you're see it right . .Ignored
DislikedAgh, Yes Jim. You are right.
That Damn gap, caused me to fail to see it as a significant SP.
I nailed it the second time around.
It did actually hit its weekly target that I was concerned about it being too far away.Ignored
DislikedYeah sometimes the gaps make them hard to see . .but what made it significant was that the Weekly HCR level (.08146-47) was in SPACE . .that beautiful Space that Mike talks about all the time .. . .meaning there was no traffic or other levels to interfere with its strength.
You played the .8133-.8130 just right . . ..it could have easily Bammed down from there too . .next time it will in a similar situation .. . .Ignored
DislikedDo you know guys, what triggered the EUR fall today? One minute i sadly noticed that i have some pips in loss, and then in the other i see i have gain. But what happened actually in those minutes when price decided to fall rapidly?
/As a Lamer I can see that the price tested the 1.31 level on the EUR usd, but didnt succeed to break through it. (Just like before) - So i shorted there, but thats all./ Any comment?
ThanksIgnored
DislikedYes, I see it now. Thanks Jim.
There is a similar situation on GBP/JPYIgnored
DislikedDo you know guys, what triggered the EUR fall today? One minute i sadly noticed that i have some pips in loss, and then in the other i see i have gain. But what happened actually in those minutes when price decided to fall rapidly?
/As a Lamer I can see that the price tested the 1.31 level on the EUR usd, but didnt succeed to break through it. (Just like before) - So i shorted there, but thats all./ Any comment?
ThanksIgnored
DislikedYes, I am.
Just meant that if price got above the Mhcr, it would be an area to keep an eye out for.
Got to love that Gap on the monthly as it matches the daily to the pip.Ignored
Dislikedhere was a nice J16 style trade
Beob swing high.
breaking massive steep TL
Price running into a very strong area of resistance
FTA hit no problem not necessarily a sell and hold
Risk is minimal because of what?Ignored
DislikedHey Lamer
Guess what? It doesn't matter why. Yep you heard it here first. What matter is our game plan at important areas. How we get in. How we manage our trades. How we manage our risk. Rinse and repeat.
Nice setup here that has all the pieces for a successful trade. Then you just let the market do its thing.. Everyone and their mother will give you the reason why that move occurred after it did. But that really doesn't matter to a trader. They have their game plan(whatever it is) and that's what matters.
http://www.forexfactory.com/showthre...63#post6266363
Best
Mike...Ignored
DislikedOh I see, Yes . .. .also 135.00 BRN (135.10ish) looks good on the Weekly if we get up there . .Ignored