chart
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covered 2/3 @ +5
maybe 3041...if she gets there...
closed +10 pips
Hi there
took a few trades today......
GA 60m.
A bear...yes some down trend line broken but only mildly...Previous day made a new LL quickly rejected by bulls with two bull trend bars followed by a kind of ascending flag into a channel, prices broke above hit the nose at the down trend line and failed (failed final flag) with a pin bar, went short 1 pip below, covered at +42 pips, a bit less then my risk, +3.5%, not bad...
But not only roses, just recovering from a 6 consecutive losses which is not nice.....well...life.
Will be posting more....been a bit busy lately....maybe opening a new thread on PA if anybody is interested...
took a few trades today......
GA 60m.
A bear...yes some down trend line broken but only mildly...Previous day made a new LL quickly rejected by bulls with two bull trend bars followed by a kind of ascending flag into a channel, prices broke above hit the nose at the down trend line and failed (failed final flag) with a pin bar, went short 1 pip below, covered at +42 pips, a bit less then my risk, +3.5%, not bad...
But not only roses, just recovering from a 6 consecutive losses which is not nice.....well...life.
Will be posting more....been a bit busy lately....maybe opening a new thread on PA if anybody is interested...
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Last edited:
A great example of a combination of TA and FA (arrow).
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Prices are either in a trend (spike), channel or range.
A channel is an in between phase, it can be strong or week, when is week can be traded both ways as with a range. Best trades are always best taken in the direction of least direction, they travel better....
The daily shows a bull channel which is also a bear flag.
In a channel or range you can have mini spikes, channels or ranges.
Spikes move fast then prices normally go into channel or range until they break out again in spikes.
NU
Daily, 4h and a 4h close up.
A channel is an in between phase, it can be strong or week, when is week can be traded both ways as with a range. Best trades are always best taken in the direction of least direction, they travel better....
The daily shows a bull channel which is also a bear flag.
In a channel or range you can have mini spikes, channels or ranges.
Spikes move fast then prices normally go into channel or range until they break out again in spikes.
NU
Daily, 4h and a 4h close up.
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Prices today did not move.....maybe trading the 5m....not sure....
EJ 1H
Prices broke the trend line of the major channel in a tight channel (1), which is also a spike.
Pulled back in two legs (first leg end with the bull bar after the doji bar), which also broke another channel (2).
Bar A is a fail BO ( of the channel 2) and a BO Pullback (of the upper trend line of the major channel).
Now a possible expanding channel.
With a larger channels is best to enter with a reversal patter, in a very tight channel or spikes is best to enter with limit orders at the touch of the channel having a SL below the previous swing low(for long), if RR makes sense.
Prices broke the trend line of the major channel in a tight channel (1), which is also a spike.
Pulled back in two legs (first leg end with the bull bar after the doji bar), which also broke another channel (2).
Bar A is a fail BO ( of the channel 2) and a BO Pullback (of the upper trend line of the major channel).
Now a possible expanding channel.
With a larger channels is best to enter with a reversal patter, in a very tight channel or spikes is best to enter with limit orders at the touch of the channel having a SL below the previous swing low(for long), if RR makes sense.
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took 30 pips out of this lady.....
