DislikedI shorted the AU 5m IB ~.6430 ish and the NU BEOB 15min. GU and EU following suit.Ignored
nu may be at a sticking point. I'm waiting for pa on the 4hr @ 61.8 & ppz.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI shorted the AU 5m IB ~.6430 ish and the NU BEOB 15min. GU and EU following suit.Ignored
Dislikednu may be at a sticking point. I'm waiting for pa on the 4hr @ 61.8 & ppz.Ignored
DislikedI am still holding, waiting for it to break that support now. Also in GU short above 1.49. Still holding AU.Ignored
DislikedWell you will be wrong 2 times, at the top and at the bottom. Most runs with the trend you get 1-3 maybe 5 times to get in, yes I have been on the last hit but the odds are with you. I will post a chart in 1 min.Ignored
DislikedOkay, Ryan's 5 min pinbars inspired me. My usual strategy wasn't showing any set ups, so I thought I'd fool around with the pin bars for the fun of it. I missed the ones you guys got on the EU (breakfast, plus I wasn't looking for pin bars at the time), but I found a pin bar on the UJ, and also a pseudo pinbar too. The trades:
1) I call this a pseudo-pin bar because the price movement is the same (price shoots up and then back down. It would be a pin bar if the time of open and close was shifted a bit). Trend was down, defined by the 50 ema....Ignored
DislikedYeah. Ive been watching the divergence. we may get 123reversal or just a rest before opening bell then lower againIgnored
DislikedWhat I like to see is the bar that I am trading move FAST, if it screws around I am out. Also if you are right you know it in 2-3 min.
Also you can see the RSI divergence pretty easy, follow the red dots lolIgnored
DislikedWhat do people think the outcome to the Bernankespeach will be? What will happen to the USD against the majors?Ignored
DislikedRyan, once you are in on M3 or M5, do you then switch to M1 to see if the price moves the way you were expecting?Ignored
DislikedI never goto the 1min, that will just shake you outa a trade. For me when I get in the trade I know why and what I am looking at, the 1st short I took today was easy. Resistance at the tail of the PB, with the trend, nice PB at the Mid BB in trend rsi low.
The 2nd short I took I wanted it to take out 1.2608 and take out the tails of the last move down, when price tested that and came back I knew it was bad news so I bailed.
Price almost ALWAYS tests the last high/low because that's where the stops are at and why people lose most of the time...Ignored
DislikedI see you have Eurotrash, Junk, and Bigpounder there. Hehe...Ignored