I am sorry I got carried away with my last post as it was a little off topic with this thread.
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No my friend you are absolutely correct. I will likely have some DD but price would eventually go down. You are fantastic. More Green Pips To Your Elbow.
{quote} No my friend you are absolutely correct. I will likely have some DD but price would eventually go down. You are fantastic. More Green Pips To Your Elbow.
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Hi FA, Great job u are doing here. pls just sent u a pm. Thanks.
FXACTION,
Thank you for your nice comment. I've been trying to learn PA trading (I PM u regarding that matter) but I have a long way yet to go.
Higher TFs are stronger and suitable for people with jobs but require a different mentality and a hell of a lot more patience.
edit ok i can see you are selling. you entered prematurely. you should have allowed the 4h bearish candle to close as a momentum candle engulfing nearby candles before shorting. However, I must commend you. you are getting there.More green pips to your elbow
{quote} edit ok i can see you are selling. you entered prematurely. you should have allowed the 4h bearish candle to close as a momentum candle engulfing nearby candles before shorting. However, I must commend you. you are getting there.More green pips to your elbow
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If however price closes above the horizontal line, it will be a breakout bull. but if you observe carefully the consolidated area, you will notice that here are no higher lows that could accommodate a trend line This again makes buying a bit flawed. let us keep watching..
{quote} Nelson, you can see what I mean. More GreenPips To Your Elbow. {image}
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Yes Sir, got it. It must be agreement in higher timeframes in order to take an entry. It's great, just with trendlines and the charts we get the job done. Thank you!
{quote} edit ok i can see you are selling. you entered prematurely. you should have allowed the 4h bearish candle to close as a momentum candle engulfing nearby candles before shorting. However, I must commend you. you are getting there.More green pips to your elbow
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I have been able to identify the zones but i need patience to wait for the momentum so as to enter the right direction.
FXAction live, though late entries. Exercise some patience, I will try and reply all messages by the weekend. {image}
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Hi FXAction. Regarding your above short on the GBP/JPY, was this trade based on a return to the support level underneath the hook on the left of the screen? We cant see it on your screen shot but there is a nice support level at your target area. Also if we draw in a descending trendline joining the lows of 23/9 and 2/10/14, we have a nice confluence at your target area
{quote} Hi FXAction. Regarding your above short on the GBP/JPY, was this trade based on a return to the support level underneath the hook on the left of the screen? We cant see it on your screen shot but there is a nice support level at your target area. Also if we draw in a descending trendline joining the lows of 23/9 and 2/10/14, we have a nice confluence at your target area
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Forgive me if you cannot understand what I trade a times. You see I trade 5 solid price action set ups. I can read candle formations and most importantly chart pattern formations. These factors inform my decision to trigger.
Hi to everybody,
I just came across this thread and it looks interesting..
What I like about it is that we trading from a plain chart, I don't know PA trading but sure am willing to learn this method.
Will read the thread from the start and come back.
For those who already know the system, happy trading.
I installed the sweetspot indie onto my chart and it doesn't look right. I changed the sublevel to read 20. Do I need to change any thing else? Would appreciate the help.. Thanks guys. {image}
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Hi forexday. You have to put 200
20 = 2 pips
200 = 20 pips
greetings,
JVBS
Work very hard until you get there (excuse my english)
