Very nice B, looking at the same thing. If we can get above it then we just look for longs too
Bet
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedUSD/CAD
i took this one short:
- down TL
- BRN 1.0200
- some kind of H&S pattern
- broke the support
AttachmentIgnored
DislikedUSD/CAD
i took this one short:
- down TL
- BRN 1.0200
- some kind of H&S pattern
- broke the support
AttachmentIgnored
DislikedI am right in assuming that we should be short on this pair right about now , initial stops should have been above the yellow zone and are about to be taken out ????Ignored
DislikedHey Chanya .
also I use FxPro feed for my charting because they use the New York Close 5:00 PM (EST).
JimIgnored
DislikedOn the daily chart, the first touch back to this weekly level was on 6/7 last week. Price bounced nicely right to the FTA at which point you would either TP or go to BE. The next day's bar closed above the weekly level which should have gotten any shorts out. A Jarroo style trade might have you go long at on a retest of the level which went straight the upper FTA. If anyone caught these two trades....hats off to you!
I love Jarroo's methodology and am learning that you must be very disciplined to REACT at the FTA's or Risk getting caught when...Ignored
DislikedHi guys! Was wondering if you guys use leverage for your trades, as I have seen in the demo version, there are options for leverage of up to 1:400. Is it wise to use that much of leverage or you guys would just stick to 1:1 ratio?
Cheers
KieIgnored
DislikedI agree with the bolded 100%. My tendency is to think every trade is destined to become a runner. I hate to say this, but a few weeks ago I actually watched a trade go from 120 or so pips in profit to a 1/2 risk loss. Definitely learned from that one.
It's really a critical concept for any and all trades.....recognize your trouble areas and react.Ignored
DislikedYou are not alone Donkey. I've watched profit turn into a loss 3 times this week. It's all a learning experience. On the bright side, i'm not beating myself up about it nearly as much as i used to which is progress in my book.Ignored
DislikedAnyone watching GBPNZD? 2.00 BRN, strong downtrend and price looking to close below today. If the weekly can close below, will look for PA to get short OR touch on retrace? Notice the Daily PB off a weekly level where the move started on 5/23. Classic J16.Ignored
DislikedThis setup looks very interesting.
I suspect Mike might have his eye on thatIgnored
Dislikedlet's watch this one . . .a Hourly bar that closes below the .9850 and we are out. . .a bit messy . .alot of traffic, . .targets are close by . .should be fun to watch . .Ignored
DislikedI would take a look at the daily TF.
It is not so difficult to resist.Ignored
DislikedMassive confluence area
1 ) BRN 80.00
2 ) Weekly Levels
3 ) Fib 38.2
4 ) Trend line
5 ) PPZ as a yellow zone
6 ) Hidden divergence , If you believe in em ...
Down ??? I think so ... But not without PA .... Or maybe H4 pattern Instead ...Ignored
DislikedFrom this perspective i would like the support to be much stronger visually.Ignored