Just be careful we are in a very tight sideways consolidated market. Remember we want to look for beobs at swing highs. a break of the BEOB is VERY likely to see the rising TL though
Best
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked
I'm wondering if there is any way to manually mark where I left off in the beginning of the thread so that I can pick up my study right where I left off.
Additionally I know the thread contains a few resources that have been put together by great folks attempting to separate the wheat from the chaff. I would love some direction in where those resources are located.
Thanks in advance.Ignored
DislikedYou can bookmark the URL as it shows the number of the post.
Try this for a summary:
http://www.forexfactory.com/showthre...99#post2585699Ignored
Dislikedhi...
Although a person who have spent more than 4-5 months on learning from this thread must be clear about question im asking here... but like every newbie was searching for a perfect system here and there... thats why have missed a lot of important things taught in this thread....
1-How do we open positions using HCR and LCS.
2-Do we enter a trade when the prices closes above/below the daily HCR/LCS.
3-can we use lower time frames less than daily for HCR/LCS to trade on.
regards
aslam
(hoping a reply from Mike, Ghous or jaroo....any...Ignored
DislikedHi mate, This trade was a 'mixed' setup in my opinion. Here is what Jarroo said about these types of setups:
Cheers
DanIgnored
DislikedHi Dan I am always trying to learn here could you explain why this was mixed. The price closed below the daily and monthly levels which failed to act as support then turned to resistance nicely. Was touched to the pip and shot away for a good hourly signature. If the hourly bar had not behaved in this way I would have cut for a small loss. Could you help me out and explain why it was mixed.
Thanks mate.Ignored
DislikedJarroo is back, as are the profits! Good to see you buddy.
I went the other way, PBT&CB small area of consolidation, retest of D1 LCS and BAM! Sloppy entry 3-4 pip draw down
Sorry I can't post an annotated chart, computers are security protected, I'm at the day job.
TIgnored
DislikedPBT+CB 2 weekly LCS levels. I thought the pair showed strength the way it smashed through the levels last week and then retraced over a few days. Watching this one closely. I want to see it quickly move away to confirm the downward momentum.
Any thoughts? Particularly, if it stalls around the S/R over the next day. Does that tell you anything about the level? I want to see last weeks momentum carried through by the end of the day to confirm the flip.Ignored
DislikedI dont look at this pair. But looking at it now the chart just looks like a 'mess' to me. However if I had to pick a level on that chart it would be the LCS level that you have plotted yourself. (it lines up nicely on the daily and weekly) However i would of traded it off the daily with daily targets which means I would be out of the trade by now. It would of been a difficult one to hold onto though in my opinion. Did reach 1:2 Risk Reward (based on valid targets and my stop placement) See charts below.
Just so you know. Im also new to this method...Ignored
Dislikednice one meshka , broke the resistance--> retrace and --> shoot up. How easy can it be...
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DislikedNo problem mate. Nice trade For me that pair is just a mess all over the D and W.
Here is a setup im keeping my eye on. there was a setup off the daily level (first arrow) which probably would of spiked yuou out (moved up 35 ish pips). Looking for another retest.
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AttachmentIgnored
DislikedNice one T . . . .I didn't see any Daily LCS levels on the FxPro feed at th 1.0240 but that was a great level to short . .do you have some new magical chart feeds, bro . ? ..Ignored
DislikedHi mate, This trade was a 'mixed' setup in my opinion. Here is what Jarroo said about these types of setups:
Cheers
DanIgnored
DislikedHi Dan I am always trying to learn here could you explain why this was mixed. The price closed below the daily and monthly levels which failed to act as support then turned to resistance nicely. Was touched to the pip and shot away for a good hourly signature. If the hourly bar had not behaved in this way I would have cut for a small loss. Could you help me out and explain why it was mixed.
Thanks mate.Ignored