Waiting for the break of the 134.00 is not a bad idea. This just my perspective, I'm really not an experienced trader, YET.
DailyChart: You can see the longer term trend.
Don't wish it were easier, wish you were better. ~ Jim Rohn
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedFirst target hits on Ej and Uj...
Nice to see some hint of support for the DJ at 7500 Mark, eh?Ignored
DislikedSounds good and understood. LOL - yes always R&D... keeps us progressing, refining, enhancing...
Watch out below. Just ruined the TBL on daily ESH9... ah well, now we might have a BEOB (just watching)
JoshIgnored
DislikedBeovb are best to be taken when they occur at swing high and vice versa. We want to see buovb at swing low...
Beovb at swing low might be a costly one.
.Ignored
DislikedFor me, a newbie, I will wait for a convincing breakout, followed by a retracement with it proving to turn R into S... See chart.
I don't know how realistically this will play out on a daily chart though.
For the time being (Ie, until I get some good experience), I think playing the retrace after a breakout will be how I play them...
JoshIgnored
DislikedHi guys,
what do you think of this daily pin on NzdUsd? the shape is good but it's not at swing high. also has very little room to drop before hitting daily resistance level at 0.5050
question is would you trade at the break of the daily support at 0.5050?
thanks!
fxsheepIgnored
DislikedFirst target hits on Ej and Uj...
Nice to see some hint of support for the DJ at 7500 Mark, eh?Ignored
DislikedI was just looking at this when you posted it.
Pros:
- minor swing high (3 bars of higher highs)
- hit the PPZ of 1.6950 today
- valid Pinbar
- Just missed hitting 50% FIB
Cons:
- No longer than previous bars (read: nothing special for length)
- Will be running into traffic that it just got out of.
So not enough for me to take it. This traffic deal is hurting a lot of trades for me recently. Patience, Josh, Patience....Ignored
DislikedThis trade was one that called out for me to trade it. Thanks for teaching this stuff.
Respect.
FXPIgnored