You really want to buy on that first pullback of the buob. So price did pullback to your markeed area but I wouldn't want to catch the second time. The first time up and into that TL would have been a nice one.
Best
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedAlso a triple IB on the EURJPY 4H. Again at a strong level of resistance but the yen has been bullish. A buy order at the top of the inside bar? im only demoing at the moment. {image} edit* Im up to page 130 on the thread. Loads and loads of good stuff in here! I try and stick to trading the london and european session, one because im from the UK and it works for me and obviously because thats when the most money flows. My question though is if you see you a good set up occuring during anytime of the day even if its quiet (22:00 - 00:00 GMT) between...Ignored
Disliked{quote} Hi Yan i don't like this setup because: 1. i would like the open of the pinbar to the at 1.028 area where is the previous bar close; 2. the FTA IMO is 1.016 area because IMO 1.016 is a strong support i think this can be a wickplay sorry for my english {image}Ignored
Disliked{quote} Hey Maklla You really want to buy on that first pullback of the buob. So price did pullback to your markeed area but I wouldn't want to catch the second time. The first time up and into that TL would have been a nice one. Best MikeIgnored
Disliked{quote} Hi Mike, Could you please explain your entry points ? In som cases you enter on close of BUOB/BEOB, sometimes on break and sometimes you wait for pullback. Once you wrote it depends on distance to Support or ressistance lvl - you want to enter as close as possible to have these levels in your back. It is logical, I want to do it that way, but I have problems...Because now you have written that you wouldn want to catch second pullback... but how can I catch first pullback ? Should I use blind entry order, or go to smaller timeframes ? But...Ignored
Disliked{quote} Hey VK Yep it's all about as entering as close to the confluenced area as possible. This is often the most recent s/r that the market cares about. When entering on a retrace I simply place a limit order near that area. It's not really blind it's utilizing both the PA bar and the recent S/R. It's just more about pinpointing that entry so that you have more control over your trade mgmt process. Does that make sense? MikeIgnored
DislikedIm totally fascinated how many of these stop outs can one have in trading journey. I mean WTF !? Do they really stop hunt all the time or is this just bad luck many many times? Stoped out within 1 damn pip ''Market is picking on me feeling'' Is it really time to start using freaking hidden stops or something? Chances market stop you out within a pip and turn around should be fcking slim, but stil it happens so often! All seems like they don't even give you a chance to win. {image}Ignored
DislikedIm totally fascinated how many of these stop outs can one have in trading journey. I mean WTF !? Do they really stop hunt all the time or is this just bad luck many many times? Stoped out within 1 damn pip ''Market is picking on me feeling'' Is it really time to start using freaking hidden stops or something? Chances market stop you out within a pip and turn around should be fcking slim, but stil it happens so often! All seems like they don't even give you a chance to win. {image}Ignored
DislikedIm totally fascinated how many of these stop outs can one have in trading journey. I mean WTF !? Do they really stop hunt all the time or is this just bad luck many many times? Stoped out within 1 damn pip ''Market is picking on me feeling'' Is it really time to start using freaking hidden stops or something? Chances market stop you out within a pip and turn around should be fcking slim, but stil it happens so often! All seems like they don't even give you a chance to win. {image}Ignored
Disliked{quote} In 15 years this still happens to me. Although I will say i've had my stop missed by fraction of a pip on multiple occasions too. I think the losers we just remember so much more. I've learned to get over this pretty quick. As long as you wouldn't have changed anything again(for example moving further to compensate for spread in this case), I wouldn't kick yourself too much! On to the next one MikeIgnored
DislikedHi y'all. Sure can be frustrating Gas! AUD/JPY D1 DBHLC. Sell order set at 82.000. See how she goes. {image}Ignored