DislikedNo it was time well spent.
Today is the best day of the month for me. Look at gold.
.Ignored
u bought/sold everything!
stop it... dont make my eyes open that wide.
told u im about to already
truly awesome trades, nasir!
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedNo it was time well spent.
Today is the best day of the month for me. Look at gold.
.Ignored
DislikedJarroo, you should write a book about all this stuff, could be a bestseller, I'll be the first person to buy one copie.Ignored
Dislikedi see you caught some beauties awesome touch trades Nasir, its really amazing to see charts like that...pure artIgnored
DislikedAlways quality from you and very well explained too
Zhang is right - you should write a book
Thanks Jaroo -you really make it looks easy
Ignored
DislikedYeah i do get lucky once or twice a month.
Btw sorry for blank charts but i only trade on Alpari and do charting only on Fxpro.
.Ignored
DislikedYou got it, Pb. It really can be this easy.
Now, you can see if Price is telling more of a story at these levels . . . like a wedge breakout pullback with PA, or multi-confluences forming at these levels, etc.Ignored
DislikedYeah i do get lucky once or twice a month.
Btw sorry for blank charts but i only trade on Alpari and do charting only on Fxpro.
.Ignored
DislikedJust a quick question. Say you have a pin bar on the daily, is it best to wait for the close of the next day's bar to confirm it, or do you prefer to just trade the immediate break out.
Im guessing that the first option is the most conservative but might miss the move, and the second would get you in at a good price but could fake you out.
What do most people do?
Also, with outside bars, say if it is a large one, would it be better to wait for a slight retrace, then play the bar? Since after a big move there is usually some consolidation after...Ignored
DislikedMy SL is above BEOB and TP is 1.3000 on this...if it would be a true break I would expect it to go to the next RN, I don't see any serious trouble areas before it.
Of course I would try to not let the winning trade turn to a loss if it reverses on me.Ignored
DislikedAdi, I'm in this one too. 1.3000 area is a logical target. I think we need to be aware of the 1.3300 area as the FTA well. The bar has pretty much done as expected, retraced to the BRN and previous bar lows, and moved to FTA.
At this point we can't be surprised if price reverses or if it passes through and turns into resistance. I'll likely be adjusting my stop to just above previous bar high at 1.3750 area. The great thing about the weekly bars is you don't have to be in a rush to make the decision.Ignored
DislikedI thought I'd show some more examples from the Nzd/Chf Weekly and see if there is more of a story that Price is telling us at these strong PPZ levels.
We can see on the Daily the multiple confluences that line up with the .7600 . . trendline, 50% ret., 150 ema . .a nice touch trade opportunity (purple) or even better, bullish PB confirmation.
There may have been other bullish PA on the lower time frames but I'll you check that out. . .Ignored
DislikedMike, you use Alpari UK right? Do you know why our EURGBP chart looks very different from IBFX? Three day bars are missing. 24,25 & 26Ignored