One Totally Cool Dude.
B
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedLet me guess;
Celebrating the 29th Anniversay of your 19th Birthday?
Anyhoo...
Hap to You Mike.
BIgnored
Dislikedprice retraced to the BRN after the weekend. Notice the last bar high over to the left of the BEOB. So a logical spot to reduce half my risk on this trade(always important for me). Now I just look to the next trouble areas, using the same concepts of PPZ, patterns, RD numbers, etc.
Hope everyone had a nice weekend
MikeIgnored
DislikedHey Mike,
If I may ask you a question, I am basically in this same EURJPY short trade, and wondering at what point would you consider moving your SL to BE? Overnight we got a good retracement to 104.50, and now appears to be moving lower. Just curious what your thoughts are on this if you have a moment.
P.S Happy Bday :-) Hope you are planning to celebrate!Ignored
DislikedWatching this one for a James16 style pullback of the BEOB to PPZ. No intentions of trading it just watching at this time.Ignored
DislikedLOL
thanks buddy
I actually got nicked out over night right where you said for breakeven myself. One of those cases where it JUST got me. But the flip side happens for me all the time where I just get missed to.
I think we will now proceed lower to the main lows here. But this one is finished for me.
If I was still in then I would keep my stop above that last swing high, keeping minimal risk on as it moves lower
Best
MikeIgnored