james16 Chart Thread
Clearly, the solution is to trade them both, but on different timeframes to avoid correlation issues - otherwise, your positions might cancel each other out...
...and you will end up trading against yourself.
Here is a trade closed out today
4hr in a nice downtrend. Price consolidates in a bearish flag type pattern around the .7000 round number +ppz(look to the left of the pattern at that box of consolidation). Breaks out and pullbacks to round number former flag and forms a BEOB engulfing 7 bars or so with a very strong close. First blue box is b/e second was full take profit.
Seen that at the too late around 6950. Was spewin. Such a nice bar.
Clearly, the solution is to trade them both, but on different timeframes to avoid correlation issues - otherwise, your positions might cancel each other out...
...and you will end up trading against yourself.
All right...i'll blow as much as i can
No praying here buddy. lol It's not a bad setup, you mentioned all the pros and cons about it. Sure it could be bigger, etc. Is it an A+ trade that James16 would post? probably not . . but maybe.
That 80.00 is a strong PPZ level, what a great place to look for some PA. The only thing missing for me is a nice hard break. The 80.00 is a great place to hide a stop loss. Looks pretty easy and safe to me. Should be fun to watch.
Edit: Forgot to add the 150 ema confluence.
I would get long that trend is up, Also if you get good and you have the balls you could SAR and double down, I do that sometimes lol
I'll take 'em like this all day long.
Was a busy week for me
The final trade I have closed down, smallest profit of the 3 and took the longest to get there but we made it
back to the bushes
