- Post #140,430
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- Mar 23, 2017 7:46pm Mar 23, 2017 7:46pm
- | Membership Revoked | Joined Dec 2016 | 740 Posts
RIP RTM
- Post #140,433
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- Mar 24, 2017 7:53am Mar 24, 2017 7:53am
- Joined Dec 2012 | Status: On Life's Path | 2,076 Posts
Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked{quote} Indeed. I love those setups though, particularly when the intersecting horizontal level is a fresh supply zone.Ignored
DislikedGBPJPY 4 Hour chart. Waiting for price to pullback to previous support. {image}Ignored
Disliked{quote} Hi Alphac, Please tell me what the MA's you have on this chart. Thanks and I am very new here. Sorry if I am out of line.Ignored
DislikedDude, I am just asking what this is about. What do you think how long it will take to read 7000 pages in this thread? What do you think how much time spending in trading in hobbies I have to give up to read this? I am ready to do so, but I want to know what I am dealing with. And the introducing page doesn't explain it. Right know I see, some charts are being posted. With my knowledge, I regocnize the idea of them. However it is highly likely that I do not get the full message of those charts, if they are not explained. If you do not want to help,...Ignored
DislikedDude, I am just asking what this is about. What do you think how long it will take to read 7000 pages in this thread? What do you think how much time spending in trading in hobbies I have to give up to read this? I am ready to do so, but I want to know what I am dealing with. And the introducing page doesn't explain it. Right know I see, some charts are being posted. With my knowledge, I regocnize the idea of them. However it is highly likely that I do not get the full message of those charts, if they are not explained. If you do not want to help,...Ignored
These are your triggers basically for entering a trade. I'll draw them for you:
DislikedI haven't seen volume in this thread so far. Will this be in issue? I wonder if volume is important in these techniques.Ignored
Disliked{quote} No it isn't required here. Chris, you know that FX trading does not take place on a centralized exchange - hence there's no volume feed. The 'volume' you see on your platform is simply just tick counting. Ticks as in quote price changes received from your broker's feed for a given period of time. It does not measure the actual volume of transactional flow. I suppose you could argue that this volume gives you an estimation of the amount of activity, but how this information benefits any trader remains a mystery to meIgnored
Disliked{quote} I know that I am dealing with tick volume. And it is assumed to represent a good estimate of real volume. The way it is used is simply that we try to spot high or low activity and see where the PA is at those events. Hence, we see which price levels are traded more frequently and thus believe that price might reverse at those point. The idea is, that higher acitivity at higher levels means big boys are selling, which implies more supply and less demand, which in turn implies prices are less likely to reach higher levels and might eventurally...Ignored