Trade What You See - Almost Naked Trading
- #6,282
- Dec 2, 2010 7:10pm Dec 2, 2010 7:10pm
- Joined Dec 2009 | Status: Trader | 6,603 Posts
I am going to wait until that M15 candle closes and the next one opens before I enter.
"Watch price action" means look at the last few candles, and analyze what they are telling you.
Get a book on reading candle sticks or go read up on babypips.com website for some basics. "
Do a google search for "reading price action
Yes, I almost do everything on google, but i don't know the accuracy of most of the information. Everyone says their system is the best.
If you could recommend some books or links that you learned from, it would be greatly appreciated.
I want to make clear that I am not confronting anything or anyone, just to make sure what they mean when one says something.
Thanks for your kind reply.
- #6,289
- Dec 2, 2010 7:42pm Dec 2, 2010 7:42pm
- Joined Dec 2009 | Status: Trader | 6,603 Posts
This stubborn little candle will keep me from entering this trade unless/until it heads down and stays there.
How to analyze the last few candles is what I like to learn.
I read lots of books, most of them will say look at the PA, they don't get into the details or steps to let me know what to look. I came from babypips.
Yes, I almost do everything on google, but i don't know the accuracy of most of the information. Everyone says their system is the best.
If you could recommend some books or links that you learned from, it would be greatly appreciated.
I want to make clear that I am not confronting anything or anyone, just to make sure what...
http://www.trading-naked.com/Buffy_Price_Action.htm
- #6,295
- Dec 2, 2010 9:52pm Dec 2, 2010 9:52pm
- Joined Apr 2006 | Status: Trader | 1,480 Posts
In the days of old when sailors were bold, and seldom if ever contented.
- #6,296
- Dec 2, 2010 9:58pm Dec 2, 2010 9:58pm
- Joined Apr 2006 | Status: Trader | 1,480 Posts
In the days of old when sailors were bold, and seldom if ever contented.
- #6,299
- Dec 2, 2010 11:37pm Dec 2, 2010 11:37pm
- Joined Oct 2008 | Status: Just be the witness. | 1,089 Posts
How to analyze the last few candles is what I like to learn.
I read lots of books, most of them will say look at the PA, they don't get into the details or steps to let me know what to look. I came from babypips.
Yes, I almost do everything on google, but i don't know the accuracy of most of the information. Everyone says their system is the best.
If you could recommend some books or links that you learned from, it would be greatly appreciated.
I want to make clear that I am not confronting anything or anyone, just to make sure what...
Common repeating bar formations like pinbars, engulfing bars etc. and their use in combination with support and resistance can be found in the james16 thread. There I would read the first 100 - 250 pages and then go through some of the posts made by jarroo ( a senior there ). His posts show how price behaves at major levels and gives you a good learning experience how ceratin single bars on higher timeframes such as weekly, daily and 4h " look " on lower timeframes such as 1h or even 15 min.
Hope that helps.
( Also you might look for 1-2-3 reversals, Joe Ross, Ross Hook etc. just Google it or look here in FF. It is not as important as the above mentioned but quite useful as further confirmation. )
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michael
Be like water.
