This one is now on my radar. I love it really.
But would be interesting to hear any comments especially critisim please!
This is W2.
But would be interesting to hear any comments especially critisim please!
This is W2.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedThis one is now on my radar. I love it really.
But would be interesting to hear any comments especially critisim please!
This is W2.Ignored
DislikedIf it closes like this I love it, but don't take my word for it. Sorry can't really find any criticism, other than for me two week time frame is too long. (not patient enough for those setups). Might do an exception on this one though.
I was in on the breakout of 1.5700 and the triple lows on 15 min timeframe with daily time frame in mind. From what Jarroo is teaching us we had a daily close below all other closes on that support level, lowest close of support, if got the terminology right (correct me if I'm wrong) and lots of space for the trade...Ignored
Dislikedhello,
if i may...
quick answer is: Eur strength.
eurusd has been moving up since the start of 2011, with only minor retracements (see Daily chart: u can simply compare the number & strength of upbars vs downbars within that time period)
...& i believe there was news about Portugal earlier (if u read &/or believe news)Ignored
DislikedDoes anybody know why are Nzd and Aud so strong.Price has reached some important zones and some pin's would be very nice?Let'seeIgnored
DislikedHi Pat, thanks for reply. That was a nice trade you took, but I am still too chicken for anything below H4.
You are right I also hate it being W2, I remember a demo trade I took that lasted for month without price really going anywhere, lol.
But on the other hand, the higher the TF the more reliable the setup ( I think). And this month I only had 3 trades, so anything that fits my criteria (which become more and more strict with time) must be traded. So if it closes like this I think I'm gonna take it, if it becomes a winner in a month from...Ignored
DislikedDoes anybody know why are Nzd and Aud so strong.Price has reached some important zones and some pin's would be very nice?Let'seeIgnored
DislikedThis one is now on my radar. I love it really.
But would be interesting to hear any comments especially critisim please!
This is W2.Ignored
DislikedAn entry below the 1.59 is a great idea of course.
Not sure if you have already done it but do go through this gold nugget from the big guy
THIS IS CRITICAL
And yeah I was basically targeting the prior bar highs marking the left eye of the BEOB. Price never pulled back and its one of those times when you just sit out and watch the trade play out like mad. lol
g.Ignored
DislikedI can't help you with the economy Mad Boy, but here's a PB I'm riding on the NZDCAD weekly
The question now is... given that the FTA has been hit on the weeks close and 50% of the trade has been cashed in, HOW DO I MANAGE THIS ENTRY? Do I scale out or let it run? (This one goes out to the forum).Ignored
Dislikedunilever on daily with a strong close. be prepared for breakout and an approach of 1900 p.Ignored
DislikedThe 1.5800 area looks like a key to trade manegement process here. It might work as a breakout and retest but.... GBP is acting very weak despite the rate hike rumor compared to the AUD where rates will stay on hold for some time probably and both currency look oversold/bought compared to dollar. My fundamental rumbling keeps me out of this one. My 2c
Have a good weekend all.Ignored
Dislikedhi, if you don't mind; your trendline looks valid, just a bit concerned at micro level, you may find something interesting if zoom out monthly; it looks like almost done its journey in short term,imho. however, anything is possible, just my 2 centsIgnored