Just curious. When you trade price action what is the thought about prices? Is it that prices fully reflect all market information that is available?
Paul
Paul
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedBuy stop placed at 90.20
Stop loss below that BUOB.
Trouble areas marked in blue boxes. I will probably put my TP at 90.95 during the night. I dont wanna wake up and see that price hit that area and went all the way back. Otherwise i might try to trail it a bit, if it goes in my favor.Ignored
DislikedJust curious. When you trade price action what is the thought about prices? Is it that prices fully reflect all market information that is available?
PaulIgnored
DislikedAnother view. This is not a trade I am taking, I just want to give you another look. My entry would be at .8976 long (50%fib) and 1hr PPZ AFTER the break of the BUOB. Reason why is that I have suffered many a drawdown and SL hit for loss on this kind of set up. It's all in the management brother. Good luck to you. I'd love nothing more than to see .9120 again.
K.I.S.S.Ignored
DislikedI hear ya! I thought about the 50% fib to lower my stop but then again i would be trading right into the round number. As i can tell you are one of the more experienced traders in this forum so i will definately consider what you just said for future trades
Thanx! And good luck to you toIgnored
Dislikedanother one I am in but watching close and stop above the recent beob, got in on the pinIgnored
DislikedCool trade Mike. If that would close as a daily pin bar, you would have a good reason to keep holding it
Below is another dirt simple trade on eurnzd.
BenIgnored
DislikedHi benji,
Would you not pass on this as you'd be trading directly into a S/R at 10600?
I saw this pin bar and thought yeah it looked good but i don't like where it's sitting.
Be interested in your thoughts.
Cheers,
GlenIgnored
DislikedThis bar became more like a huge 4h beob and maybe daily pin. For a 4h trade, I would like this bar to close below the 1.0600 round number. Entry on the break.
Just be careful here. Good location on daily, but still a "falling (shooting) knife" on 4h.Ignored