Dislikedyeah this daily would be a continuation play as the BUOB is at a swing high....Ignored
Cheers Mike
J
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedyeah this daily would be a continuation play as the BUOB is at a swing high....Ignored
DislikedLooks good to me DD, bascially into .7100 then 7150(both rd numbers no surprises here )
MikeIgnored
DislikedYou identified the deficiencies well.
It may not be a great take long, but in my book was a good short trade. I played it as a bearish IPB...and got out with a BE.
g.Ignored
DislikedHey Kai
I don't really know to much about Raczefx stuff, I know sometimes he...Ignored
Dislikedhttp://www.forexfactory.com/showpost...ostcount=45043
But i hope you will practice the basics first.
.Ignored
DislikedHi Mike and all - thanks for the reply. I decided not to go with this one as there is another pin I saw on the daily NZD/USD which I thought might be move viable after the whole USD/CAD parity thing yesterday
Anyone else taken NZD/USD long? T/P is the BRN at 7100Ignored
Dislikedgonna get this up in the guest area, but figured since its going to be a holiday weekend I would post it here as well
Here is a video I made a few weeks back on a question about What is Traffic and Space
http://drop.io/hyeomjn
Have a nice weekend all
MikeIgnored
DislikedSorry for the igorance, I've seen the term traffic used a fair amount here and there. Often referring to the left hand side. From that I'm deducing that traffic means recent range bound price movement?
Is that right?Ignored
Dislikedinteresting looking at the charts this week..... I have a couple real small live positions open right now (short CHFJPY from 88.24, and long AUDUSD from 92.39).
I'm currently not taking 2% risk trades because I'm looking at a new method of getting the stop to B/E, and attempting to maintain my stupid brain in order to HANG ON TO A TRADE until it really takes off....Ignored
Dislikedhey man tanx.been reading your posts and others.i hope to be conservative trader like you one day and just be picky.are you as picky when you are finding a girlfriend?? HahahaIgnored
DislikedHi
In the chart below Jim has circled a DBLHC in what looks like a downtrend from beginning of April?
Could it also be taken as a 4 bar matching low? Or if we were live at the close of the first bar of the DBLHC , could we take it as a 3BML and expect the downtrend to continue?
Or does it only become a ML if the downtrend continues?
ThanksIgnored
DislikedHi, i have a question regarding the PB play. Since the low of the 2nd bar does not penetrate the PB low, how long does one have to wait before concluding that this setup is invalid?
For education purpose, can you please illustrate how you would plan to manage this trade? Attached mine for your kind pointers if i were to be in this trade.
IMHO, this is a great PB setup!
Triple top + BRN 90.00 + Confluence of 50% fib on weekly timeframe + in the direction of major trend... Nice!!!Ignored
Dislikedhey man tanx.been reading your posts and others.i hope to be conservative trader like you one day and just be picky.are you as picky when you are finding a girlfriend?? HahahaIgnored