Dislikedanyone to0k the pinbar of the eurjpy WEEKLY
Sorry i cant p0st chart i am on m0bileIgnored
Well, got this pb at a pretty good price (at least at this juncture!) 167.950 last night
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedanyone to0k the pinbar of the eurjpy WEEKLY
Sorry i cant p0st chart i am on m0bileIgnored
DislikedHello raczekfx,
Thanks for your reply.
Your way of adding position at retracement levels is very interesting but would you mind telling me where exactly do you place your stop loss ?
I'm going to try the first method by placing a LIMIT order at the 50% fibs retracement of a Pin Bar for example, with a stop loss 1/2 pips above/below the PB.
I don't want to be out too early using the method 2 by placing my stop loss at 61.8% PB retracement.
This way of trading fits me.
Best regards
Happy trading
Angel65Ignored
DislikedWell, got this pb at a pretty good price (at least at this juncture!) 167.950 last nightIgnored
DislikedI've been doing very well with 50/61fib ret for some time now, but it took me a while to demo and fine-tune it.... and it is still discretionary..
.Ignored
DislikedI've been doing very well with 50/61fib ret for some time now, but it took me a while to demo and fine-tune it.... and it is still discretionary..
.Ignored
DislikedHi raczekfx, I was wondering what the price action for the sell trigger was in the chart (EURUSD chart) you posted? I gather price has reached some sort of level that you've marked on your chart, but how did you know it wasn't going to burst through the level on the next bar?
Cheers
RobIgnored
DislikedMy apologies Rob.. Dave, but I can't discuss it here in public. It's not based on PA, but it's the pf stuff...Ignored
QuoteDislikedOriginally Posted by raczekfx http://www.forexfactory.com/images/buttons/viewpost.gif
My apologies Rob.. Dave, but I can't discuss it here in public. It's not based on PA, but it's the pf stuff...
DislikedI don't have time to post charts (other job). There are daily setups galore on my feed (Forex Ltd MT4). Depending on the close, possible daily pins on the Euro, Kiwi, Aussie, Pound/Yen, Dollar/Yen, and Dollar/Swiss. Also a nice inside bar on Pound/Swiss that looks like a pin on the daily.Ignored
DislikedI noticed this too. The dollar started out weak early in the day, then came back to form pins on basically all the pairs. Going long $/___ or short ___/$ seems scary to me right now though, notably because of the fed's decision last week. Until they start raising rates, I think the dollar will be down, and oil, gold, and other commodities will be keep going higher. Today was very likely a breather as profits are taken after the big break out.
Strictly from a technical standpoint, most of those pins are going to be fighting some heavy resistance after the breakout last week.
Of course, that's just my view.Ignored
Dislikedvery nice, right on the second eye ret..
How are you planning to execute this trade in terms of TPs, and length you're going to keep it? Trades taken off of weekly charts take time to play out...
I'm asking since I've seen people taking trades on weekly and close it 10min later for 50pips..or so..Ignored