Hmm, this could be an exhaustive move.
If this H1 PB closes below the 61.8 and it breaks, I may short it with a tight stop above the eye.
If this H1 PB closes below the 61.8 and it breaks, I may short it with a tight stop above the eye.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedDid not the Weekly Close Above Daily HCR "B" tooo?? It is not against my methodology . .it agrees with it.
Forget the Weekly stay on the Daily.Ignored
DislikedHmm, this could be an exhaustive move.
If this H1 PB closes below the 61.8 and it breaks, I may short it with a tight stop above the eye.Ignored
DislikedJarroo, I have not seen all of your videos yet, so sorry for this premature question: do you ever take full profit at a level or do you always trail your stop behind important PPZs, HCRs/LCSs, etc.?Ignored
DislikedHey Hans . . That's a great question with a very simply answer. . .
Taking full profit at targets or letting Price run/ trail stops. . depends on one thing . .you guess it . .SPACE.
If there is limited Space or traffic . .take full profits or partials early and often.
Trading into Open Space . .give it more leewway . .let Price breathe in that Space and see if she runs.. .Ignored
DislikedPlease stay on the Daily . I guess we are not doing this exercise any more . .oh well, it was worth a shot .Ignored
DislikedPlease stay on the Daily . I guess we are not doing this exercise any more . .oh well, it was worth a shot .Ignored
DislikedJarroo, I have not seen all of your videos yet, so sorry for this premature question: do you ever take full profit at a level or do you always trail your stop behind important PPZs, HCRs/LCSs, etc.?Ignored
DislikedHey Leh
It could be price is just in a tight area now so it makes it a bit trickier. I would like to have see a bigger bar to want to trade back into the traffic area. The last time we were here an inside bar carried us higher. Price stopped right on the LCS as Jarroo shows as well. So it's support area and a clean PPZ flip.
For me I would prefer to see a situation like this play out though
MikeIgnored
DislikedGBP / USD has not been respecting any daily levels at all lately , even the important ones ... It's a Major pair , I thought it was suppose to be reasonable ... I wonder why its not ???Ignored
DislikedGBP / USD has not been respecting any daily levels at all lately , even the important ones ... It's a Major pair , I thought it was suppose to be reasonable ... I wonder why its not ???Ignored
DislikedJim
Sorry for the confusion.
I got the impression that well, I really could not understand what you were talking about taking a long entry at the close of the weekly bar.
I have removed all the weekly levels and marked these areas as A, B, C & D and am still doing the exercise.
I just got confused and ran to H1 in an attempt to clear my head. Not a good idea, it seems.
If you have time, and the inclination, could you explain that bit about entering at the weekly close, with this chart.
I will stay on the daily.....Ignored
DislikedMaybe if it go a little higher...This pair like to consolidate a lot...it give us nice lvls - they seem to be valid, but many times instead of bouncing off them, price starts to consolidate around this lvls...Well I don't know...
I tried trading today - long, but my pending was at yellow, and price used other minor lcs as retest lvl...Ignored
Disliked1. When did I ever present a Weekly TF on the Daily setup of the EurSek?
2. First, we were talking about specific "A" and "B" HCR levels . .then you change the "A" and "B" levels that we were talking about. Why would you do that?
3. You say, "ok I will stay on the Daily", then you talk about the Weekly . .then you say "ok ok I will stay on the Daily" . .then you talk about the Hourly . .I don't get it ..why would you do this?
Then you insult my method by saying "wouldn't this be going against everything your methodology is about?"...Ignored