Entry Sell Limit on AUD USD
This is my entry & my SL.
This is my entry & my SL.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedSorry, the screenshot didn't capture the Keltner Channels input box previously. Cheers All {image}Ignored
DislikedMike is this BUOB preeemptive? Did you consider to take a long at the breakk of that bar? i was long, but i lost 0,6R {image}Ignored
Disliked{quote} Hey Flor We have heavy divergence here so I actually was more into a false breakout of an area like that. I took the 8hr pinbar short Here was my chart in the private forum {image} current {image} Best MikeIgnored
Disliked{quote} Mike one more question if you don't mind; in the situations like EUR/AUD, when the price is at the resistance and we have a divergence is better to trade false break-out or depends from situation from situation? sorry for myy english...Ignored
Disliked{quote} Hey Flor We have heavy divergence here so I actually was more into a false breakout of an area like that. I took the 8hr pinbar short Here was my chart in the private forum {image} current {image} Best MikeIgnored
Disliked{quote} In case anyone is curious, I closed this one down at the TL and will now watch for possible break out PA or pre-emptive breakout bars as I call them Mike {image}Ignored
Disliked{quote} Hey JHE Don't worry about the keltner bands. You can use them or bollinger bands if you are looking for additional confluence. What you will see us mostly use is just simple side to side support and resistance, some simple PA bars, trendlines, some people use a few MAs(I don't myself). But more or less the more clean your chart is the better you will get at reading historical PA and what that might suggest for future moves Welcome and enjoy MikeIgnored
Disliked{quote} Simplicity is Key. Indeed. Thought I thought I knew this long time ago, the more time passess the more I believe I knew less and less about keeping it simple. thanksIgnored
Disliked{quote} You are right dustbin There is NO secret sauce in trading. No shortcuts. No easy money. The best advice I can give is just to be critical of yourself and your losses. Learn the little nuances. Practice smart trade mgmt by cutting your losses. And look to the obvious simple areas for trades. I often think it's just the mental side that keeps people really struggling. It's not like it's that hard to draw a few S/R lines or spot PA. But to do it consistently is the hard part. To resist the urge when things aren't great. To have the ability...Ignored
Dislikedsimplicity is the key NZD/CHF simetric triangle waiting to break {image}Ignored
Disliked{quote} hey Tony We don't but if you are looking for someone who offers rebates I suggest reaching out to Justin @ forestparkFX. He is a great guy and works with most of the major brokers and an all around nice guy. We don't offer rebates though Best MikeIgnored