Indicators show the past. Price Action "Indicates" the future.
- #117,561
- Sep 6, 2012 4:02am Sep 6, 2012 4:02am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedhey guys
looking at this one on the eurjpy.. Coming up to a nice looking spot (orange box) with the added trend line as well... let us know what you think
joshIgnored
DislikedI would like to have seen this type a set up at a Swing High . .chart.
Where it is now is why I like to see it break and Close Above . .but there's some nice Space on both sides of this Swing Low Consolidation . .I'm not ruling out the potential of a break lower.Ignored
DislikedIts mainly up to you, migmac. You can wait until the close of today to see that Daily Close Cofirmation of Resistance, then take the trade.
Or you can take a touch and see how it plays out.
JimIgnored
DislikedAre you watching Slider on the UsdSek?
Notice that S/L could be moved up . .Ignored
DislikedHi sir mike...
Took a trade in AUDJPY. A nice BUOB
Have a question :
1. Is my drawing trendline already right ?
2. Is my TP place realistic ?Ignored
DislikedGood size bar(off market time though) good areas to manage a trade
see chart
Best
MikeIgnored
Dislikedhey guys
looking at this one on the eurjpy.. Coming up to a nice looking spot (orange box) with the added trend line as well... let us know what you think
joshIgnored
DislikedI saw Mike's evaluation of GBPUSD yesterday. He is a much more experienced and better trader than I am. Plus I am aware of where all the other GBP pairs stand, what the USD index looks like etc. There's a 95 % chance that I get my fingers burned with this one. I know I should not trade something like this, yet, I can't resist and will enter at 1.5881 with a SL right below the PBT bar. I will get out if the 4h closes below my entry level.Ignored
DislikedJust took a long on GBPUSD. The HCR lined up nicely with the daily pivot and the small 30m demand level.Ignored
DislikedI joined you at 1.5881. SL already at BE. Pretty conservatice with my SL. But as I said this trade has some downsides for me.Ignored
DislikedHi,
I am new to forex and recently joined ff.
As a trader though I have traded equities/commodities market over more then few years but my journey has been no different then a average starter in this business. Lots of oops, ooh..burnt a/c
But, finally it looks now that this wonderful thread can help me get out of the troubled waters that otherwise I had myself immersed into. I have gone through complete first post and all the links and materials from it. It has gr8 value and above all with simplicity.
Gr8tly appreciate all the J16 members/contributors...Ignored