what a slow slow day so far. Currently short GBPAUD and waiting for USDCAD to trigger to also through 05.
Certainly a day to be keeping busy doing something else.
Certainly a day to be keeping busy doing something else.
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedwhat a slow slow day so far. Currently short GBPAUD and waiting for USDCAD to trigger to also through 05.
Certainly a day to be keeping busy doing something else.Ignored
DislikedYeah, i guess we need the markets in US to open before we see some action.Ignored
Dislikedhopefully come 3:30-4pm GMT we should start seeing some action. Preferebly in our direction as well.
Although Thursday and Friday we've got some big ticket news items, so maybe people are hanging fire till then.Ignored
DislikedHello all!
I'm new here (as you can see). Well, I have some experience trading forex with mechanical systems. But I am a price action virgin (pun intended?).
So anyway this is my first chart that I want to share. I see there is a pinbar on USD/CAD and the low is touching 2nd october's high. So If I put a sell stop order at the break, wouldn't it be trading in to the traffic (yes I read the thread for sometimes now :-).
So, what do you guys think? Would you take these types of PA?Ignored
DislikedHey C
Welcome and glad to see you posting. Here is a chart I put up for someone yesterday. My bigger concerns are the BRN 1.05 and the fact that we are in a VERY strong trend. For that reason in my view these have to be played with a very tight watch and move stops quicker.
Again welcome (to posting at least )
MikeIgnored
DislikedGood post Mike, although I do admit to having taken the short on this myself today. But I have waited for it to break out of the 1.05 RN before going short, and I've taken my stop from the pull back high on yesterdays 1H PA. But still watching closely.Ignored
DislikedThat's great picon, that's being very smart. We all will have slightly different entry criteria. I try to just tell people to do things logically and now reducing your risk and watching that RN is being smart
MikeIgnored
DislikedOn hindsight i should not have entered at a mere 5 pips below the BRN..maybe 15 would be nice.Ignored
DislikedHave faith in your analysis fascist. And like Mike said, be vigilant with this one, as it's a counter trend trade, and it's a strong up trend....at the moment.Ignored
DislikedWhere the price is now there should not be much resistance towards 1.0430..Ignored
DislikedHave faith in your analysis fascist. And like Mike said, be vigilant with this one, as it's a counter trend trade, and it's a strong up trend....at the moment.Ignored
DislikedIt has now crossed 30 pips and over in profit..think i'll put a stop at BE.Ignored
Dislikeddoes anyone use the oanda broker ? i always can not log in the mt4Ignored
Dislikedi look at a live account chart daily. demo works fine too.
what do u mean u can't log in? try to chat with Oanda reps, ask for help.Ignored