DislikedPrice left the triangle on USD/JPY chart. A good time to look for PA confirming the move up. And to look out for a false breakout. {image}Ignored
USDJPY - Daily
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Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedPrice left the triangle on USD/JPY chart. A good time to look for PA confirming the move up. And to look out for a false breakout. {image}Ignored
DislikedHi again, here is another question for every1's opinion becuse i discovered a lot of people hear makes sensible contributions most time. Assume you have 6 pairs you are watching for a month, then at a point one of them broke and you place an entry, if another breaks while you are managing the first 1 would you enter that also or would you literally wait till the first is over before any other trade. Also if two of your best setups broke at the same time would you trade them all, If yes how many trade do you manage at the same time (max)? Mike i...Ignored
DislikedHi again, here is another question for every1's opinion becuse i discovered a lot of people hear makes sensible contributions most time. Assume you have 6 pairs you are watching for a month, then at a point one of them broke and you place an entry, if another breaks while you are managing the first 1 would you enter that also or would you literally wait till the first is over before any other trade. Also if two of your best setups broke at the same time would you trade them all, If yes how many trade do you manage at the same time (max)? Mike i...Ignored
Dislikedhi mike, i was looking at the EUR/USD daily and a pin bar formed on 30/08/13... it did not work and i assume that it was cos the day was a friday, where there is quite a bit of profit taking. i have attached the chart and marked the pin bar with an arrow. Please do have a look. Regards Den {image}Ignored
DislikedFinally a promissing trade after 2 loses in a row... {image} {image}Ignored
Disliked{quote} Hi Magestic, cheers for the chart dude. If you don't mind could you take me through your thought process behind this trade? Cheers MakIgnored
DislikedMike, Albus999 thanks for the great reply. Yet another one. I attached 4H chart pattern below. i want to know if this is a valid small pattern (rectangle), if yes is there any adjustment that should be made TLs. I placed a buy entry on brk of the BUOB above the 0.7800 and the TL on the 1H chart but it pulled bck on me taking me out before the final BUOB which pushed it all the way. IMO the BOUB is a good size Bar. want you opinion. This is to MIke... What really gives you the sign of moment in the market apart from bar size. Also what is your opinion...Ignored
Dislikedaud/nzd 8hr buob I took this morning just closed This is based on this chart I posted here too watch http://www.forexfactory.com/showthre...62#post6919362 these are my charts from the PF {image} {image}Ignored
DislikedFinally a promissing trade after 2 loses in a row... {image} {image}Ignored
DislikedHey guys, This is a trade I took on Gold BUT I came out the trade at break even and want to know what I should've done to mitigate a B/E trade. Now for instance after forming the PB, price shot up yesterday and I was up by around 150 points, entering at just above the high of the PB. Now as soon as I was up by about 60 points, I moved by S/L to B/E and let the trade run 'risk-free' (BTW still demo-ing here) and I was up with some good pippage. In these cases how could I mitigate my B/E and atleast come out with some points. If there isn't anyway,...Ignored