Very similar pattern on the GBPUSD chart.
Price Action discussion 26 replies
Maxsmarts Trading Journal and Discussion 164 replies
Well it appears to me from your charts that you trade using limit orders is that correct ?
It would seem that you like to do this to make your R:R a little tighter. But unfortunately by using limit orders you are at times going to get this happen where the levels are not quite reached to activate your trade. A bit like when I have TP orders in the market, but I will sometimes close them out manually slightly before if I am at the charts.
Support and resistance is an "area" not an exact line. Sure at times it will hit the line...Ignored
DislikedDecided to enter a small USD/JPY long... target 80.400 (seems like a...comlicated level... at least from there on)Ignored
DislikedClosed my USD/JPY long with +87 pips.. price action looks good but that 80.00 level scared me off. Many people taking about it as sell pointIgnored
doing fine...price up nicely...almost at B/E point....Ignored
DislikedPretty cool data site. Very customazible and with price alerts.