DislikedHi. I was thinking to enter without PA, but couldn't dare, later I missed bearish PB on 4H.Ignored
Sigh.......... the uncertainty of touch trades..........
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHi. I was thinking to enter without PA, but couldn't dare, later I missed bearish PB on 4H.Ignored
DislikedI see now thanks
Sigh.......... the uncertainty of touch trades..........Ignored
DislikedDid you ever saw your TP not getting hit by 1 pip due to spread and then vanish in 5 minutes afterwards ? I just did on EurAud earlier. x( (closed on a 10 pip profit instead of 45)
But despite the potential profit loss, I am glad I got my target wright, that is more important.Ignored
DislikedHi GUys,
Ive been avidly reading this thread for months now, this is my first post, so was just wondering if what anyone thought of the following. Its on the Eur/USD 15 min... looks like a nice double pinbar. I went long at 2271 after the second pin and have pulled my stop up to 71 once the price hit 89... hopefully we get a nice run.Ignored
DislikedThat's exactly what I was talking about related to the Gu setup. It has that "Raccy" look to it which gives the experienced eye a heads up on sound locations.
A "jarroo" can look cool taking and managing these but we know what taking these can do to a newbie right?
Reminds me of the time when I was trying to copy jarroo about a year and a half ago...eeeehhh! Scary dreadful times for sure
g.Ignored
DislikedYeah this happens, it sucks.
Sweet trade, really good location. Here's how I see it on the 5Min -
Attachment
I reckon we will hit 1.2346 before coming back down. First post ? Have you done the three months daily demo ? It really builds the patience you need to succeed on the lower timeframes.
Just something I have been tihnking about on touch trading :
Not to say touch trading isn't great, but I think it can be improved by just using 5/15Minute PA to give an extra edge.
Attachment
Here's the 1.50 from yesterday,...Ignored
DislikedThat's exactly what I was talking about related to the Gu setup. It has that "Raccy" look to it which gives the experienced eye a heads up on sound locations.
A "jarroo" can look cool taking and managing these but we know what taking these can do to a newbie right?
Reminds me of the time when I was trying to copy jarroo about a year and a half ago...eeeehhh! Scary dreadful times for sure
g.Ignored
Disliked2nd target hit, which looks little stronger.
I like how Price tested the 1.4900 instead of the break. Good sign . . for now.Ignored
DislikedJarroo
Can you explain the reasons for taking that Daily PB?
I thought it was too small to be of interest.
Guess it was the sweet spot it came off?Ignored
DislikedDid you ever saw your TP not getting hit by 1 pip due to spread and then vanish in 5 minutes afterwards ? I just did on EurAud earlier. x( (closed on a 10 pip profit instead of 45)
But despite the potential profit loss, I am glad I got my target wright, that is more important.Ignored
DislikedThat was the most of it, the sweet spot. Much like Jig's 5min PB example, in a way. Shows the power of a great location. But when we add some strong PA formation to it, like that DOW example, magic happens.Ignored
DislikedThanks Jarroo...You are so kind with your super-fast explanation.
I hardly had time to finish typing my question. LoL
I am wondering if this D1 Bullish PB is a hint for next weeks direction, it seems to fit with mu weekly PB.Ignored
DislikedYes, todays PB and the weekly. I mean, they are hinting at the same direction.
I know neither of them has closed yet, I am asking this question working on the possibility that they may end up as Bullish PBs.Ignored