RM
(Tiki, remember me asking you about the PF a couple weeks ago? That advice of yours was gold! - Thanks guy)
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedNoticed the same. For me, itīs a pin in a good spot (all time low, not in traffic), so I will play a break (still demo) long, S/L below the bar and T/P at next minor S/R around 1.0300. HOWEVER, keep in mind that the last nice pin (4 bars earlier) failed miserably and we might as well see another move to the downside, especially as the dollar is weakening more and more after the FOMC yesterday.
RM
(Tiki, remember me asking you about the PF a couple weeks ago? That advice of yours was gold! - Thanks guy)Ignored
DislikedIt has the makings of one & its at aswing low. Lowest ever.
It may bounce up. But then the funnymentals kick in with the dollar so weak & comodities on the up.
I still like it Tiki.Ignored
Dislikedusd/cad burns me a lot... but it seems to work well on things like PBs or H & S... I think I will probably give it a try... price is so far down... time to come up a bit... and Put Seeking out of his short trade here...Ignored
DislikedYes, and eur/cad PB looks pretty good too.... and looking back ( semi backtesting... ) eur/cad PBs seem to work very well !!Ignored
DislikedHey guys!
I've seen everybody agrees this is a beautiful PB and are getting ready to trade it. However I would like to express my PERSONAL view and hear some comments.
It is clear this would be a countertrend movement. So far I've traded PB only with the trend and it's been ok. I trade only with the trend because mentally I'm so much more relaxed and this is reflected on the management of the trade once it is open. I know this pair is due for a big/small correction, but how do we know this is a good moment for that correction, what can we do to don't get stucked trying to chase a reversal like a famous recent thread. The correction would be enough to take the risk? Taking this trade against such a clear trend doesn't reduce our winning chances? What kind of precautions you take to trade PB like this?
I'm not trying to disourage anyone to take this one. I just want to know the reasons everybody is taking it. According to MY plan this one doesn't fit!
Thanks for reading I just felt I had to write this!!
Fabian!Ignored
DislikedI am also getting ready. I will play a break of the daily hammer (...er..."pin bar"... ) ..Ignored
DislikedHey guys!
I've seen everybody agrees this is a beautiful PB and are getting ready to trade it. However I would like to express my PERSONAL view and hear some comments.
It is clear this would be a countertrend movement. So far I've traded PB only with the trend and it's been ok. I trade only with the trend because mentally I'm so much more relaxed and this is reflected on the management of the trade once it is open. I know this pair is due for a big/small correction, but how do we know this is a good moment for that correction, what can we do to don't get stucked trying to chase a reversal like a famous recent thread. The correction would be enough to take the risk? Taking this trade against such a clear trend doesn't reduce our winning chances? What kind of precautions you take to trade PB like this?
I'm not trying to disourage anyone to take this one. I just want to know the reasons everybody is taking it. According to MY plan this one doesn't fit!
Thanks for reading I just felt I had to write this!!
Fabian!Ignored
DislikedHi guys,
Well cad is on my list of "non grata" pairs Instead I stole 50 pips on the break of the tbh on eurusd daily...sometimes these setups are just begging to be traded! I feel so lucky to have found PA, thanks Jim , Im no longer calling tops, but considering "continuations"...good luck all, RazIgnored