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I believe . . .
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedExecuted a long today on Cad/Yen. Great swing point, Great fake out scenario, Decent amount of space, a decisive trigger bar and a clear cut target for the move. {image} g.Ignored
Disliked{quote} Hey P, Its about analyzing the path of least resistance for price. The trade wasn't a touch trade in the hopes of seeing price blow past a resistance point. It was triggered via a solid bullish story. With that liquidity vacuum produced by one sided selling earlier, and much support sources down under (LLS, fake out consolidation, 95.00 RN) Price was always going to choose the upside to move through. Its the same logic that applies to your A+ pin bar setuos when you decided to hold them past an FTA thinking that it has more muscle and is...Ignored
Disliked{quote} Hi aioico, here´s my opinion. The bar itself is relatively small and the nose doesn´t protrude much above highs of other bars or the trendline. Right now we´re in consolidation so there´s not much space. So based on this it would be no trade for me. When you enter such trade, you should move your stop to BE pretty quick. But i think that this area is not that bad, you have here trendline (marked green) and it had some importance in past (marked orange). Anyways, just my opinion. Still in the learning process. Mav {image}Ignored
Disliked....the other one psychological (when I tried it I "always" got half the profit and just BE on the other half, while losses were full size, usually full bar). I plan to come back to this exit strategy in the future, but for now, I want simplicity and I focus on learning top open high quality trades only.Ignored
Disliked{quote} I liked this one. It's a tough pair but a very strong area to buy off. I am not at b/e myself but only looking to target the exact area you marked because this pair is choppy(as opposed to the market being fluid which one could look for a bigger move in general with less choppiness to be expected. Nothing wrong with passing on this one either though but wanted to let you know you know your chart looked good. Here was my original chart from the PF Best Mike {image}Ignored
DislikedHi, Interested in what you guys make of the USD/CAD at the moment? Seem to have a bearish candle formed on the 15th that has ran into a previous ppz. Any thoughts? Cheers {image}Ignored
DislikedHi, Interested in what you guys make of the USD/CAD at the moment? Seem to have a bearish candle formed on the 15th that has ran into a previous ppz. Any thoughts? Cheers {image}Ignored
DislikedHi, Yes, sorry I was looking at this Level on the Monthly. Seemed pretty significant. {image}Ignored
DislikedHi Guys, hi Mike, i would start looking for shorts next week. What do you think? {image}Ignored