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second buy order triggered, huge up move. This weekly pin gone with the trend, not exactly like james teaching, more likely Nial Fuller
Where can I learn more about Price Action like those in James16 charts? 9 replies
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DislikedMy time available for trading dramatically drops when i starts my studies. Daily and weekly trading is just awesome but my problem is that i have only 19 fx pairs and my style is quite picky. So now i´m worrying do i have any chance trading daily and weekly, with 19 pairs and make any good profit..
Any ideas guys? Changing a game plan (I´m trading PB, BUOB/BEOB mainly), changing a broker, continue by taking very few entries but somehow trying to practice my exits so i could just catch the biggest moves?
Damn i´ve got so nice broker, not easily...Ignored
DislikedGOLD on my WL
we have a very strong support zone on weekly, but this one could not hold forever...i will watch this closely for a possible breakdown
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DislikedHey Nuc
Why are you limiting yourself to just 19 pairs? Most brokers offer a lot more then that these days. You might want to consider looking into other markets as well, futures, equities etc. That would be where I would start
Best
MikeIgnored
DislikedThanks Mike, again! My broker really doesn´t offer more than that.. Well plus gold.. So i think i´m looking for new brokerIgnored
DislikedBack from a 3 week trip to Japan.
Damn it was hot.
Gold is looking like it may be about to breakout.
Interested in hearing Mike or Jarroo's opinion of this area we are that is getting tested for the 4th time.Ignored
DislikedHey guys, this is my first post. I'm starting to trade this method with a very small live account. How does this EURGBP 1hr pin look to you?
Thanks, FreezeIgnored
DislikedHey guys, first chart post here.. I've been doing a lot of reading, and I think I am mostly caught up with what is going on, although there seems to be an endless amount of info to go through.
The chart I am looking at is for google. The PB didn't form perfectly, but I'm a little less concerned with that because the setup seems to be pretty solid to me for a few reasons:
1. Not a whole lot of traffic surrounding the pin.
2. It has a decent amount of space until the next solid PPZ I see which is the black line.
3. It also stuck out at me...Ignored
DislikedHey Delta what timeframe is that?
Doesn't look the same as my goog chart. One thing is too zoom your chart out a bit. Gives better perspective of bar sizes to previous bars. While we looking like we are bouncing here, I would be cautious with the larger bullish move. That pin if the top area doesn't hold(where your line is) is likely to move back up higher.
I watch a lot of stocks too nothing wrong with that. Best to start on daily/weekly with everything while building strong foundation from PA
Glad to see you posting
MikeIgnored
DislikedThe chart is actually an hourly (forgive me for I have sinned), but I just wanted to test my knowledge of PA and identifying a good setup. Just wanted a little input from some vets:
1. What grade of setup would you rate this and why?
2. What could make it better?Ignored
DislikedHey, Mike. I wonder do u consider a possible break above 0.81 would be a good setup out off consolidation area.Ignored
DislikedStocks can be VERY VERY VERY difficult to trade intraday. I wouldn't even look at an hourly stock chart myself. Please be very careful stick to the daily/weekly demo while learning. It will be a much easier road in my view and many others.
My hourly bar did not close as strong as yours. In fact not even as a pinbar on my feed(the close wasn't within the previous bar). On yours it was. My issue is still the overall huge uptrend vs one small reversal bar. These often give pips if we get our stops to b/e quick enough. That's crucial on these...Ignored