Sorry about that KF.
Just reading your journal.
Very, Very, Painfully honest.
Hits a chord here with similar experience.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedSorry about that KF.
Just reading your journal.
Very, Very, Painfully honest.
Hits a chord here with similar experience.Ignored
DislikedHow about the BUOB on the daily Loonie ? BUOB closed above PPZ at the 10400 and off the 62 fib. level. FTA is at 10460-ish, last week price got rejected by this level, will price this time succeed to breach this level and then reach the 10500 ? Looking at the big bullish daily bar of today I think it might. Let's see how this plays out.
May the force be with you,Ignored
DislikedI like to separate trouble areas into Major one's and Minor ones,
A minor one might just be just a single prior bar high or low, and although they can never be ignored, I think it's reasonable to assume that if the bar is large enough, it should be able to overcome these areas without too many problems.
a Major trouble area might be a specific level or zone that has acted as both multiple support and resistance in the past. It's these levels I think of as "action areas" as usually at these levels I start to reduce risk, or even just take profits....Ignored
Dislikednice trade... i saw that but stayed out, being really picky at the moment, only looking for bottoms and tops with PA for confirmation
for what its worth i have the 365 acting as resistance on my daily loonie, around the 10580 level, you may want to think about that
good luck!Ignored
DislikedI am in on this one. My target, as I said yesterday, always was, and still is 7000. Going well at the moment.Ignored
DislikedOn the 4H-TF of the E-C a nice continuation trade. Lemme tell you what I see, price generated a nice BEOB on the 4H-TF. Price is at the moment pulling back, I have a sell limit order at the low of the previous bar at 13187 pending, I hope that price retraces to this low. FTA will be the all time low at 13073, this level will almost certainly act as major support. Let's see how this works out.
May the force be with you,Ignored
DislikedHey Adi.
Great to see I am not the only one who goes through this thing, of thinking I know something then sort of complicating it till I am not sure anymore. t is some kind of learning stage, I feel.
Anyway, recently I have been paying attention to not only the highs and lows of candles in trying to work out the FTA but I am paying equal attention to the open and close. I mean, when I see a series of open a closes close to my initial FTA search, it sort of confirms it.
If you see what I mean.Ignored
Dislikedthats why you also have a line chart on your platform it simplifies the chart amazingly just a little something that i've learned from sir raczek link
Attachment AttachmentIgnored
DislikedAmazing how much it can reveal. Never thought a line chart would be usefulIgnored