OMG!
From time to time someone shares a gold mine. You just did it with the evernote paper.
Very, very grateful for me.
Thanks,
Above is the pin I am looking at, I believe pros are that it is a qualified pin which is a bonus and on further inspection I believe the market is generally down and is possibly ranging. Down side is traffic, but I am a newbie and still learning. Any thoughts?
Just realised my RS line is not on the pic above, will repost!
That evernote link is indeed an absolute must for newbie PA traders like us. Itās great.
Iāll make this short and simple. You are one brave man, BA. Really.
Now, whether youāre gonna take this trade is up to you, but I think thatās so not A+ setup. My attached chart is what I think in brief.
In hindsight, it is definitely not a A+ set up, the grey lines represent an area of resistance the way I see it. But any thoughts are much appreciated.
[QUOTE=āwm247;531931ā]Iāll make this short and simple. You are one brave man, BA. Really.
<img src=ā301 Moved Permanentlyā/>
Now, whether youāre gonna take this trade is up to you, but I think thatās so not A+ setup. My attached chart is what I think in brief.
[/QUOTE]
Thanks WM7
It looks pretty UP there as you say, when I zoom out further however it looks like its ranging? I think I will have to give this one a miss, I think that pin has been sent to tempt me at the end of a very dry week!
[QUOTE=ābigcheefer30;531942ā]
Iād be looking for either of these scenarios:
<img src=ā301 Moved Permanentlyā/>[/QUOTE]
That looks much more like it, think Iāll give it up for the weekend and enjoy a beer or two and be back next week for an A+ set up! Thanks for the help bigcheefer, have a good weekend!
Glad to helpā¦I learn best by interacting with others. Whenever you see a bunch of candles that look like lowercase tās, one after another like that, it simply means there is lack of interest, or indecision in the market, or, itās a Friday EST. To me, I take that as a signal that bulls and bears are stalling and the market can go either way, so, Stay Away. As you can see, there was a false break up north.
Short & Sweet.
Thatās more like it! Although, Iām biased to go Long in this case. 
I just realize that we are essentially talking about H4 chart at the very last hour on the end of the week. A VERY big red flag to take any intraday trade actually according to the Godfather himself. Youāre right BA. Done for this week, and now a beer or two and then go right to bed sounds like a plan. Although Iād prefer a glass of vodka than beer. Well, make it two so I will sleep like a baby tonight. 
Guys I need a bit of advice please
I am in long on GBP JPY and it was 10 something pips green when the news of USD came out and it dropped down and I am negative now
Is the trade still valid ?
[QUOTE=ābigcheefer30;531955ā]
Glad to helpā¦I learn best by interacting with others. Whenever you see a bunch of candles that look like lowercase tās, one after another like that, it simply means there is lack of interest, or indecision in the market, or, itās a Friday EST. To me, I take that as a signal that bulls and bears are stalling and the market can go either way, so, Stay Away. As you can see, there was a false break up north.[/QUOTE]
Cheers bigcheefer, I really like the tttttt concept, Friday afternoons are not a good time to get involved. Think Iāve been staring at charts too long this week and almost ignored some very big warning signs,I will be ready to go fresh on Monday and look forward to hopefully making some better choices!
ā¦ and your tf isā¦?
[QUOTE=āwm247;531970ā]Thatās more like it! Although, Iām biased to go Long in this case. 
I just realize that we are essentially talking about H4 chart at the very last hour on the end of the week. A VERY big red flag to take any intraday trade actually according to the Godfather himself. Youāre right BA. Done for this week, and now a beer or two and then go right to bed sounds like a plan. Although Iād prefer a glass of vodka than beer. Well, make it two so I will sleep like a baby tonight. 
[/QUOTE]
Buggerā¦I always thought Johnathon was referring to the final four hour candle at the very end of Friday otherwise I would have logged off ages ago. I have to say until now I have never traded after 6pm on a Friday, think I must have misunderstood that tip bit. Wonāt make that mistake again.
Ok, it is friday and Iām in Cancun, so I will take this long position.
Great week! not too much opportunities to trade, but I lot of learning.
Thank all you guys for your help.
Have a nice weekend!
Entered at 157.8 to at 158.4
May you please provide the chart which you are using to manage this trade, also, how/when you entered?