Actually I'm buying both right now... buying CAD, shorting yen... shorting cable.. and buying gbpjpy... (nice little hedge huh, didn't even notice it until I was looking over my positions)
Next few days should be fun.
Mr. Trend
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedi dont mean to be rude - but do you even know what this thread is about ??
How do u see pins/other pa on a line chart ??
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Dislikedpipmyride,
I've been following this thread for a long time now(just have not been posting) and of course i know all the price action setups. I just use line charts to better see PPZs and TL but all my trading is done through bar charts like everyone else here. I was just showing a classic example of what price does during a break out(as thought by Mike) and wanted to see if all the experienced traders agree with this or if i am completely off.Ignored
DislikedFirstly, thanks so much to everyone that has contributed to the sucess of this thread. The amount of information, knowledge and experience one can acquire is just fantastic(yes I have read much of this thread and even remember when it was fairly new). Recently, after a year or so I have decided to jump back into trading and would like some feedback on a particular set-up....Ignored
Dislikedjim,
so is it valid to use line carts for daily and weekly PPZ or are bars better? For me with line charts its so much easier to see PPZs and TLs and breakouts. When i see possible setups then i uses price action for entry. Is this OkIgnored
Dislikedpipmyride,
I've been following this thread for a long time now(just have not been posting) and of course i know all the price action setups. I just use line charts to better see PPZs and TL but all my trading is done through bar charts like everyone else here. I was just showing a classic example of what price does during a break out(as thought by Mike) and wanted to see if all the experienced traders agree with this or if i am completely off.Ignored
Dislikedjim,
so is it valid to use line carts for daily and weekly PPZ or are bars better? For me with line charts its so much easier to see PPZs and TLs and breakouts. When i see possible setups then i uses price action for entry. Is this OkIgnored
Dislikedfor what its worth i agree that this can provide some v.nice setups. For this type of trade it is important to have TLs drawn from both h/l AND close price,especially for the longer TFs. i have found that price often breaks out from the TLs drawn from h/l but comes back to retest the TLs drawn from close prices. this method helped me identify the turn around of both the cable and fiber and led to a v.profitable week of trading.
i was also looking at that particular setup you posted but didnt find the pa. i took the previous 4h pin that retested...Ignored
DislikedHi Jon
How do you get the average daily range to show on your charts?...thanks.Ignored
DislikedEverybody quiet today. This pa is insane. Been on the sidelines watching the show.Ignored