doesn't the weekly chart disagree with this?
or are you just looking for a smallish retracement back to 0.70000-ish before possibly going long again?
Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked{quote} Hi Kershey,Just I would like to share my view of EURJPY ..I hope Price still within channel.. {image}Ignored
Disliked{quote} morning guys. doesn't the weekly chart disagree with this? or are you just looking for a smallish retracement back to 0.70000-ish before possibly going long again?Ignored
DislikedWas watching this pair since 8 trading days for an entry. Now trading USD/TRY D1 range or IB breakout long into 3.0000. {image}Ignored
Disliked{quote} 250 pips is smallish! my first TP is 75pips The last week is another one of the many pins/hammers all over the place. The trend is downward, the breakout level is (price pivot) is significant enough for me to tradeIgnored
Disliked{quote} was a lot of these wicks or badly closed almost pinbars across the board. I spoke earlier this weekend how suspicious I was off the sharp reversals we saw I shorted sgd/jpy sunday and i've been short teh SP500 since last week. If we slide off again things could go quick {image} {image}Ignored
Disliked{quote} Hey Mike, i'm a bit confused when you say you were short the SP- looking at the weekly chart there appears to be a strong pin bar , and I was actually considering taking it long as it closed above support at 1970 ish. Based on the weekly chart alone, would there be a reason not to take this long? Secondly, I understand that as traders we need to watch out for s/r levels and should avoid taking trades were levels are close by, but is there ever a scenario were we should disregard a s/r level based on the strength of the signal? For example...Ignored
Disliked{quote} Hey Mike, i'm a bit confused when you say you were short the SP- looking at the weekly chart there appears to be a strong pin bar , and I was actually considering taking it long as it closed above support at 1970 ish. Based on the weekly chart alone, would there be a reason not to take this long? Secondly, I understand that as traders we need to watch out for s/r levels and should avoid taking trades were levels are close by, but is there ever a scenario were we should disregard a s/r level based on the strength of the signal? For example...Ignored
Disliked{quote} Hey Mike, i'm a bit confused when you say you were short the SP- looking at the weekly chart there appears to be a strong pin bar , and I was actually considering taking it long as it closed above support at 1970 ish. Based on the weekly chart alone, would there be a reason not to take this long? Secondly, I understand that as traders we need to watch out for s/r levels and should avoid taking trades were levels are close by, but is there ever a scenario were we should disregard a s/r level based on the strength of the signal? For example...Ignored
Disliked{quote} Nice one Kershey. I am in it at 2.9500, classical flag breakout + bounce off the ascending trend line. Hopefully we rocket to 3.0 and beyondIgnored