Anywhere between 1%-2%. Mostly around the 2% mark.
g.
I believe . . .
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedits an interesting chart because whilst im bullish usd higher tf is bearish . I think its not a continuation pattern {quote}Ignored
DislikedHi to everyone! here I share a story that I am building around NZDUSD currently. What do you think? Is this H&S theory going to happen? (am in the trade on small H4 PIN that formed off the RN0.84, FIb 61 ret and nice weekly level 0.841-ish) {image}Ignored
DislikedHi Guys, Looks like a head and shoulders with the neckline near the weekly PPZ and 0.82RN. A pin has formed on the weekly PPZ and 0.82RN. There is also a bearish divergence. What would peoples reactions to this be or is my chart analysis just off? There are a few other things I see here, but thought I'd start simple. {image}Ignored
Disliked{quote} The pinbar closed below lows. It has a bearish flavor to it. Not a A setup IMHO. {image}Ignored
DislikedHey Ghous, I was watching these charts closely but did not go short for the following reasons: 1. The weekly chart shows triple top formation. At the last top price touched all time high and reversed. The bar reversal was heading into a major ppz, so I did not go short here. 2. The daily chart showed a fakeout where price closes above HHR1 and the trendline. It tests HHR2 (all time high) couple of times and then closes back into the consolidation box below brn 6300. I did not the trade because price was heading straight into the major trouble area....Ignored
Disliked{quote} Have not been active on FF much as of late but ive been watching this pair as well. I have my trendlines slightly different but the same concept. Would really need to see a rejection/retracement off the current trendline to confirm this pattern before looking for a break to the upside. I've had a number of PMs asking me to post up trades/setups/ideas more often, so im going to try and do so from now on {image} Take care DanIgnored
DislikedGhous will this be a good bet to short if daily close don't change? {image}Ignored
Dislikedmarkets been very active for me Here is another trade just closed out BUOB breakout and massive resistance. Notice the BUOB retest the midpoint of the consolidation and PPZ and then close above the resistance level. {image}Ignored
Disliked{quote} That's a really nice swing point and a good looking fake out. I do have some issues with space on this one though. If the daily closes as is, then we're running into a PPZ. In a sideways market you're doomed if you end up missing your trouble areas. For me this has to close lower than where price is currently at to avoid running into that PPZ and instead shove it into the column of confluences for the trade. There might still be a possibility of a lower time frame trade even if price closes as is (looking at the strength of the fake out)...Ignored
Quoting zohaibDislikedTook this buy on aus/usd after multiple rejection of fake out area . Your views please?Ignored