Disliked{quote} {quote}. And that is interesting. I never though this way however I knew that if price is not going my way it it can go the other. {quote} I can't afford to trade many pairs but we can analyze them all. It doesn't make sense to trade only set of pairs and wait weeks for entry point. Instead I can trade different pairs. This would be handy especially if the sky is the limit so I will trade all of them in the future anyway. It was good habit to be trading only few pairs on intraday trading but swing trading is different. So I think trading...Ignored
Does this make sense for you? {image}
{quote} So does it mean that you don't put stop order before price leave S/R zone and then you wait for pullback anyway? CADJPY was in ranging and you have taken the trade. EURJPY for me looks that bulls have no power to lift price up but strong enough to keep support. From my experience I would expect down move than up.
- #446
- May 26, 2015 5:41am May 26, 2015 5:41am
I got it when you explained but I don't see it yet. I feel like I just started trading.
You've spent years trading trend, I spent years on M15-H1 trading news.
I am glad you are willing to explain to me this technique Joe. Thank you.
Another question is about USDCHF.
Tell me if I am wrong.
The sellers straggled to push it down weeks ago but when finally dropped it does it fast while hit twice 0.09077 price and fast went back up to strong S/R zone.
I put 2 scenarios on chart. Do you see any future moves from now or as this is near S/R it's too early for valuation?
You've spent years trading trend, I spent years on M15-H1 trading news.
I am glad you are willing to explain to me this technique Joe. Thank you.
Another question is about USDCHF.
Tell me if I am wrong.
The sellers straggled to push it down weeks ago but when finally dropped it does it fast while hit twice 0.09077 price and fast went back up to strong S/R zone.
I put 2 scenarios on chart. Do you see any future moves from now or as this is near S/R it's too early for valuation?
Pure Price Action Trading
{quote} Cadjpy had broken a significant support level and momentum indicated that selling pressure was greater than buying pressure. When i look at significant levels, i look at what price has been doing before the level, that determines wether i take the trade or not. So if i compared the two trades, cadjpy buying pressure has been fading off before we reached the level, but for eurjpy that hasn't been the case. After saying that, i like the two impressive implies move down shown in green, and the trend line has been broken. I think by selling...
The only interesting pair we are looking at this moment is euraud, a retest of the broken level, will be interesting and we could buy around that level on the way up....i don't place buy limit orders, i wait for price to bounce at the level first then i can get involved. By doing that i avoid a lot of FBO.
I got it when you explained but I don't see it yet. I feel like I just started trading. You've spent years trading trend, I spent years on M15-H1 trading news. I am glad you are willing to explain to me this technique Joe. Thank you. Another question is about USDCHF. Tell me if I am wrong. The sellers straggled to push it down weeks ago but when finally dropped it does it fast while hit twice 0.09077 price and fast went back up to strong S/R zone. I put 2 scenarios on chart. Do you see any future moves from now or as this is near S/R it's too early...
