In that case you still have no clue. There's no need to look your terms and methods defining of what price is a good entry and exit. Every trader has their own. To me, indicators are useless. Appreciate your time in selling your ideas though, even so it's not business related. Have you ever been on the floor, tape reading and trade? I guess not. So, we're not getting anywhere here. You just don't get it, that's why I ask you to trade with your charts with nothing on it. Obviously, it's hard for you to understand. Hopefully, this is the end of the line. We had disagreements but tomorrow is another battle. I wish you well and success in trading and selling your ideas.
Instead of focusing on me and my experience, just answer the question instead of avoiding it. Telling me that I "have no clue" is just a flame. You started this: so please finish it with an explanation of how to fully utilize price action. I am sure there are others who would like to know the answer, too.
Telling me that I "have no clue" is just a flame. so please finish it with an explanation of how to fully utilize price action. I am sure there are others who would like to know the answer, too. look kid, we don't need to throw jaws at each other and i don't have 24/7 entertaining you and others. what price action is, my or ur trading strategy, because we're going to end up arguing. if you have strategy that works for you then great. i have already given you my answer. if i have insulted you, sorry you felt that way. i suggest you spend time with your own trade instead of selling ideas to others. thank you.
I am not looking for an argument. You make a claim and I would like to know the answer. That's all. How do we fully utilize price action?
The chance that the upper wick (daily high - candle top) will be more than 20 pips in length is what I look to exploit for profit. Based on frequency distribution, this occurs over 66% of the time.
Price went to within 20 pips of the high and, uh hum, moved in the opposite direction (reversed) for over 50 pips.
I am thinking that 1.6700 for the GBP/USD is a HUGE resistance level that will be tested next week...agree...thoughts?