THX.
chart:
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedEURNZD is at a nice area to watch for PA on 4H. Approaching BRN, current resistance level, 365 ema, MACD divergence. Huge BEOB would work for me here.Ignored
Dislikedjarroo, we have a interesing situaction on AUDCAD, and i want to now, what about situaction when price dont return to our HCR/LCS level where we want BUY/SELL?? it is some ways to take this trade or we must forgive about it.
THX.
chart:Ignored
DislikedIt sure looks like a strong, plotting uptrend D . . . .but you got to love thoses confluence to the down side . .
. . agreed, some strong bearish PA would put the fire to the fuse, D. . .Ignored
DislikedNot Jarroo, but I thought i'd chime in since this happens to me a lot on Jarroo style trades and it's something I'm trying to work through. I don't know what will happen with AUDCAD....but it seems to me that sometimes when price is moving quickly we won't get a quick "retest" but may have to wait days or weeks.
A couple of ideas that I've been thinking about are selling/buying the close of the PBTCA/B bar or selling the break like a traditional PA play. You don't get as tight of stops with these methods, but you may catch more trades. Also,...Ignored
DislikedThank Donkey. i'm start witch only daily and weekly time frame. i must test this buffer to 5-10 pips above/belom the HCR/LCK level.
THX.Ignored
DislikedNot Jarroo, but I thought i'd chime in since this happens to me a lot on Jarroo style trades and it's something I'm trying to work through. I don't know what will happen with AUDCAD....but it seems to me that sometimes when price is moving quickly we won't get a quick "retest" but may have to wait days or weeks.
A couple of ideas that I've been thinking about are selling/buying the close of the PBTCA/B bar or selling the break like a traditional PA play. You don't get as tight of stops with these methods, but you may catch more trades. Also,...Ignored
DislikedI think you're very smart to stay on the weekly and daily. I think you could make a habit out of removing pips from the market by trading PBT&CA/B weekly levels. Now that you're identifying the levels yu just have to figure out what entry techniques and stop loctions fit your style.Ignored
DislikedThose confluences could work on the upside as well....a BUOB or daily close above 1.5500 would work.
What can I say...I'm not too picky about the direction, but love the locationIgnored
DislikedExcellent post D. You nailed with the entry on the Close of the PBT&CAorB bar. Its part of the 2 entry options in my 15min entry/method I've introduced in the PF.
Cetain martket conidition need to be inplace of course when applying it to Daily Setups, the main one being . .you guessed it . . . .trading into Open Space.
Very simialr to enter on the Close of the Daily Close Confiramation bar.
Here's my post I said on the 21st on this month when the GU, EU and Swissy broke through and Close out of their respected consolidations . ....Ignored
DislikedNot Jarroo, but I thought i'd chime in since this happens to me a lot on Jarroo style trades and it's something I'm trying to work through. I don't know what will happen with AUDCAD....but it seems to me that sometimes when price is moving quickly we won't get a quick "retest" but may have to wait days or weeks.
A couple of ideas that I've been thinking about are selling/buying the close of the PBTCA/B bar or selling the break like a traditional PA play. You don't get as tight of stops with these methods, but you may catch more trades. Also,...Ignored
DislikedFor me, its all about the Space the level is in, which I believe, is part of the First Time Back mantra. But as Price gathers (Consolidation), they loose their effectiveness.
Even the most recent or near term levels, given a bit of Space to breath into . . .can prove this common market dynamic of S/R to be fruitful..
JimIgnored
Dislikedi'm in, what do u think about manage this trade? all on chart.
THX.
chart:Ignored
DislikedAud/Cad would be a great example of entering short on the Close of the PBT&CB bar. .Dual Action level . Open Space. Sure, as you say D, there could be some draw down to endure but the market dynamic is there . .let's see where it Closes tomorrow . . . .as Mike would say . .Ignored
DislikedThanks Jim
Yeah, I think this is going South.
I may be able to get back to BE on the retrace of the monthly BUEOB but, it sure does look like North is not an option anymore.
So basically, you are saying that consolidation with highs and lows above and below an area like this, even the SP is massive, will wash it out?
Such a large swing point, we would expect at least a little bit of respect for it. But then again, this is trading what we think and not what we see.
I did have my doubts about it and that is why I just demoed it.Ignored
DislikedAud/Cad would be a great example of entering short on the Close of the PBT&CB bar. .Dual Action level . Open Space. Sure, as you say D, there could be some draw down to endure but the market dynamic is there . .let's see where it Closes tomorrow . . . .as Mike would say . .Ignored