Benji,
Yes apologies i saw your post just after i posted my question.
Glen
Yes apologies i saw your post just after i posted my question.
Glen
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedIt is for me. It reflects what people believe price should be priced out. People buy b/c they think price is to low and sell b/c it is too high. Price chops when people believe price is fairly valuedIgnored
DislikedThanks for the comment but doesn't it mean that price is where it is because of all the information known about it is reflected in the current price? So whatever the price is, that would be the best price.
I think that is what you said in your first statement. But if that is true why would people buy because some think price is too low or too high? Can you explain a little more?
PaulIgnored
DislikedThanks for the comment but doesn't it mean that price is where it is because of all the information known about it is reflected in the current price? So whatever the price is, that would be the best price.
I think that is what you said in your first statement. But if that is true why would people buy because some think price is too low or too high? Can you explain a little more?
PaulIgnored
DislikedWell that is why prices constantly move b/c people constantly think prices are not valued right. So if there is a huge pin and you sell b/c you believe price should go lower you are saying this currency is over priced. If people all agreed prices would never move at all and no market would exist to trade in(hypothetically)Ignored
Dislikedfor sureIgnored
DislikedSo AUD/JPY short on the break of 0.8000 and the old trendline would be good?
Edit: Or indeed many other JPY pairsIgnored
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
DislikedI'll be very very surprised if GBP breaks to the strong side on this....Ignored
DislikedI cant make heads or tails of geppy. I'll guess up to 145.30ish then down to 143.
K.I.S.S.Ignored