DislikedFixed and sorry about that......its still early and I haven't had coffee yet.......Ignored
Thanks for correcting it
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedFixed and sorry about that......its still early and I haven't had coffee yet.......Ignored
DislikedThanks Parlenk,
Last night I set my automatic buy at 1.2996 a few pips above the price break of the high and I went long sometime this morning...... So far so good.
Any thoughts on where the stop loss should go.......? (I'm still on a demo a/c)
By the way James great business plan regarding the 3 months positive trading on a demo, then 3 months positive trading on a mini account then 3 months positive trading on a standard.....thanks
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Any thoughts on where the stop loss should go.......? (I'm still on a demo a/c)
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DislikedAs with most of these bars the best stop loss is on the other side. So for this bar you would put it right under the DBLHC. Since the psych level of 1.29 is right there i would stick it under that if you are confident in this trade.
Mike
edit PS - do these markets suck or what right now. I am pretty much on the sidelines.Ignored
DislikedPS - do these markets suck or what right now. I am pretty much on the sidelines.Ignored
DislikedAmen to that. Still in the Kiwi? Seems to be doing a 2x 1D pin bar, maybe there's some life in it after allIgnored
Dislikedya still in it, bout the only thing im in this whole week lol BORRING
At least I am catching up on much needed sleep
MikeIgnored
DislikedWell good thing the Kiwi isn't sleeping.
Unemployment is down and the Pennant has gone active. Hold onto this one, it could go well above 0.7100 if we're lucky
But I'm off to bed, too. Take care!Ignored
DislikedYea hopefully
Still holding a USD/ CAD long and have a pending order in for AUD/NZD
OBR off 365 fibIgnored
DislikedThis is the weekly chart of the aud/usd. Is 37 pips long enough to be considered a pin bar...!!Ignored
Dislikeddid you take the break low or the retrace on the aussi/kiwi OBR
I have orders set for break of bullish outside bar on nz/jpy on daily.
thanks
westieIgnored
DislikedTook the break low, and then it went straight up LOL
but no worries that's why we have our stop for, just gonna ride it out see where it goes. I still think this was a nice short opportunity, all the EMAs, Price Pivot, Fibs.
We'll see,
MikeIgnored
Dislikedfew pages back mike pointed out montly pin on aud/cad,
it's retraced quite alot, just giving heads up if we get some daily short signal up here would be cool to get in early ont he monthly pin.
westieIgnored
DislikedCan any one give me a good example of an inside bar - IB - on a chart and where to place the trade and stop loses.
Many thanks
BillIgnored
DislikedCan any one give me a good example of an inside bar - IB - on a chart and where to place the trade and stop loses.
Many thanks
BillIgnored