DislikedDamn that's allot of stocks! What platform do you use to watch them all? Are stocks basically the same as fx pairs?...I didn't even know you could buy stocks on leverage.Ignored
You don't or very very small. I use thinkorswim
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedDamn that's allot of stocks! What platform do you use to watch them all? Are stocks basically the same as fx pairs?...I didn't even know you could buy stocks on leverage.Ignored
DislikedTake a trade on USD/CAD
PBTCB LCS Weekly, make the first time back and go down. Price hit FTA, move SL and came back to take my SL at BE.Ignored
Dislikedthanks sir.. Your trade is much better than mine. I'm following and study your post and chart too.
Thank's sir.
Does you mean when it hit 2nd target level, I can move SL above 2nd target? if yes, I can imagine it, might you explain it sir?
My current thought for moving SL to 2nd target is when price close below the 2nd target level.Ignored
DislikedHey gado this Weekly setup was just great . .
Even though there was a Hourly signature present at this level (no close above the 0.9889 on the Hourly) . . I do like the 4 Hour signatures with Weekly levels . .
Great job . .Ignored
DislikedGot it sir. 4H for Weekly Levels. then 1H for Daily Levels
Yesterday, I thought it would be a h1 signatures trade beause no close above it and I see a possible second entry, using sir ghous method or like sir wizard method too (If I not get wrong)...Ignored
DislikedYes there was a Swing Pattern Failure (SPF) on the hourly but the Swing wasn't that deep . .if it was deeper we would like it better. But then again this is the UsdCad . .and this pair loves SFPs .Ignored
DislikedOh... I see it... SFP needed a deep swing... Sticking in Daily TF is the best, under it still has a lot of work to do for me...
thank's for the explanation and example sir...Ignored
DislikedThe main point was the level, gado . .The Weekly LCS of the Weekly Consolidation . .that is where all the stories began. . .the SFP . .bearish PBs . you name it. Its that level that ruled . . once PBT&CB . .
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DislikedHey OffPiste . .sorry for the late reply .
I always like to check the Weekly HCR/LCS levels and see how the line up with the Daily levels. The 1.6088-1.6080 was a classic long setup once PBT&CA on the Daily and Weekly.
Price is reacting well to the Resistance level at the Weekly LCS level. The uptrend looks pretty strong . .I would still look for strong bearish PA at the Weekly LCS level, 1.6273ish.Ignored
DislikedNo pro, but here's how I see it....your daily levels are fairly confluenced in the middle of 2 consolidation boxes.
What I see is a weekly level at current minor swing point, which did give a bounce in form of 4H Pin that it looks like you took. 4H PA off of a weely level is one of my favorites. However, I would prefer it a deeper swing point or at the top or bottom of a large consolidation area so I wouldn't grade the setup A+, but certainly a manageable position.
But you can see the weekly level at a round number did give a bounce...Ignored
DislikedI do understand the logic behind covering this amount of instruments: just take the perfect setup.
Nevertheless I am wondering: the reason I shifted to forex was the supposed 'purity' (for lack of a better word and my at best limited English...) of the price action here. With stocks you have session times, gaps, tricks played by major or even minor shareholders, etc. So I was assuming that technical analysis wouldn't go as far as in very liquid markets.
Would you say that the techniques talked about here fit 100% to all the different instruments?
Best,...Ignored
DislikedHi, i took short on AUDCAD Daily, I took this trade because there is DBHLC on strong resistance which happens to be also nice round number 1,0300. What do you guys think? Well, I am still newbie to this so any thoughts or comments are welcomed.
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DislikedWhat do I think of this situation, Quezoy? . .freaking beautiful .
I like the 1.2413-1.231 first and foremost, respectively. The 1.2511 has already been tested so we may be done with that level for now.
Daily bearish PA at these levels would add to its confirmation as flipping to Resistance.
Check out the 4 Hour BEOB at these Weekly LCS levels . .nice. . .Ignored
Dislikedwatch as many pairs as you can get your hands on. I watch roughly 70-80 FX pairs and 3000 weekly stock charts.Ignored
Disliked!!! I was going to ask how many pairs I should track.. with 70-80 pairs I would really lose track though I think.Ignored