Pips, you have to read the James 16 thread on price action. Its a must read. He talks about pin bars, inside bars, outside bars, double tops and lower close, etc. great stuff. It compliments Phillips strategy to a tee. i'll show you a chart of a great pin bar set up.
Jim
Ignored
Thanks for the answers to Pips. The mentioned thread helps a lot with the emotion of the market around support and resistance. A must to read. For those that did not please read it.
Thanks for the answers to Pips. The mentioned thread helps a lot with the emotion of the market around support and resistance. A must to read. For those that did not please read it.
Ignored
I agree Phillip, a must read. James16 price action with your strategy is powerful stuff. When a confluence of price action and a MACD signal happens. Get ready to pull the trigger.
Jim
Indicators show the past. Price Action "Indicates" the future.
I've got enough requests for the H4 MACD alerts service to start working on it. Hopefully, all the subscribers will receive the first message in few weeks. Thanks to everybody for participation.
Actually this was interesting case, since the signal candle (MIG demo), quite long, came back up, and allowed us to enter at good price (not too low). So the SL is much smaller..
sounds good im looking at the same target level lets see freakin euro wont drop... there just waiting for one of these idiots to say something i hate when the market moves on fundamentals only... seeing technicals moving price is really a bueatiful thing... like clean pattern breakouts ect... I dont even mind false breaks as long as price is moving... ;-)
u know what ive noticed, u are probably correct the problem is the timing, how many stops will it take out before it actually moves in the down direction the longer ur in waiting for price to breakout the more risk u expose ur position a couple of years back ive noticed price moved alot quicker especially off divergence and trendline breaks there has been a dramatic shift in the time it takes for price movement and the number of fakeouts...
good possibility its testing a large TL now holding support im noticing a large triangle pattern on the usd jpy I wonder which way that will end up breaking.
