Thanks Bundy,
....where in Aus are you?
Regards
RBS
....where in Aus are you?
Regards
RBS
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHi!
On the friday GBP/USD pin I sold this pair at 1,9958. Now(after+90pips) my SL is at BE.
TP: 1,9770 (I see there strong support)
How would You manage this trade? Would You take partial profit somewhere? Would You move Your Stop on different way?
I am curious Your solution!
THX, LaszloIgnored
DislikedJust Closed it 1,9780.
But nobody has here any trade man. plan? Or don t want to talk about it?
THX, LaszloIgnored
DislikedJust Closed it 1,9780.
But nobody has here any trade man. plan? Or don t want to talk about it?
THX, LaszloIgnored
DislikedBut nobody has here any trade man. plan? Or don t want to talk about it?
THX, LaszloIgnored
Dislikedvery nice trade
we do, but how many times you want to repeat the same thing over and over again.....
here are some of mine...Ignored
Dislikedhello guys,
what a great people we have here...sharing & learning...price, support resistance, fib retracement & confluence on the daily/weekly rules the market.
beside this great lesson, what is the best entry technique do u have guys ?..is it same approach for all price action or different approach between pinbar, beob/buob, dbhlc/dblhc or we go to lower timeframe to find something ?
care to share little bit.
thnxIgnored
Dislikedhi,
from the chart below, we have 2 beob at two different time...both of them give very good impact bring the market downside.
what is the best way to enter the market after we have this price action ?
thnxIgnored
DislikedHey CP,
Entry like most other aspects become a personal thing.
There are a variety of ways to enter PA. The most common is waiting for a break of the high or the low of the price bar. Others like to enter on a retracement of the bar. For example on a bar such as a Bullish outside bar, some will wait for a retracement(50%) of the bar to enter. Thus giving them a smaller stop size and a bigger position size. Other will enter right upon the close of the bar.
As you may have guessed there are advantages and disadvantages to the different entries. For example entering on a retrace may end up being to premature, and the bar may never even break. But an advantage to this method is the ability to swing a bigger position do to the decreased stop size.
Eventually you will find what is most comfortable for you. Generally the more conservative you are the more likely you are to wait for a break of the bar.
And yes you can even drop down in timeframes to search for an entry. Although this complicates things a bit more IMO, and is not necessary to be profitable. But some are more comfortable using PA from a larger timeframe, and use the smaller timeframe to time the entry. I do this with my breakout trading.
Have a good one,
MikeIgnored
Dislikedvery nice trade
we do, but how many times you want to repeat the same thing over and over again.....
here are some of mine...Ignored
DislikedHello, do any of you guys have a list or a link for the abbreviations used here (ok, I know dbhlc )?
TIA,
PedroIgnored
DislikedHello, do any of you guys have a list or a link for the abbreviations used here (ok, I know dbhlc )?
TIA,
PedroIgnored
Dislikedhow many of you still have you charts covered with indicator garbage?
indicators were developed to impress girl friends and wives.
they dont work except for indentifying divergence.
25 plus years of experience is telling you to give them up.
they have never worked and never will because they cant withstand all market conditions.
We smile when we see a sideways market while they cry and run off looking for another indicator or system.
price and support and resistance are the keys to success along with patience and practice/demo.
always have been and always will be.
JimIgnored