Adilius,
Go get 'em boy! I like your strategy of checking the different times - think i will follow suit!
Go get 'em boy! I like your strategy of checking the different times - think i will follow suit!
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedAdilius,
Go get 'em boy! I like your strategy of checking the different times - think i will follow suit!Ignored
DislikedHi everyone,
I've seen this nice PB on my 4h audjpy chart, I wondered what your thoughts are. I noticed it too late.
I have my FTA at 86.60 ish, it seems to me price is winding up in a triangle and price is right between the previous highs and lows, would this be correct? The PB was off RN and 365 ema. I'm not looking to get in this now but would this have been a valid set up/trade after the pin had formed?
Many thanks
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DislikedHi,
I've been watching this pair for a possible short entry! Good retrace to the 61.8 fib, good res area reached with no close above, nice DT. Depending on how this daily bar closes - eg under the red line i have. FTA just above 97? what are your thoughts on this anyone. Thanks
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DislikedMike
If it retests the support level then will you be looking for a Pin or BEOB or will you be looking to play some other breakout strategy here?
Thanks,
kalIgnored
Dislikedupdate
we got our breakout now lets see if it takes off or retests and can hold the under side of the former support areaIgnored
DislikedHi Mike,
Your SL is still at the initial level.
Isn't it "safe" already to reduce it behind that 1.25 BRN?
I assume that is because of the type of setup (breakout) where you plan to hold for longer so you also give it more room to breath...
Can you please explain your reasoning for not reducing risk quickly for this trade?Ignored
DislikedYep You are correct Adi
For me this is one more that could take time to develop and has a much larger stronger story. The worse the story the quicker I am to reduce my risk on a trade
Best
MikeIgnored
DislikedYep You are correct Adi
For me this is one more that could take time to develop and has a much larger stronger story. The worse the story the quicker I am to reduce my risk on a trade
Best
MikeIgnored
Dislikedupdate
we got our breakout now lets see if it takes off or retests and can hold the under side of the former support areaIgnored