Dislikedu are welcome.
dont worry, i need more reminders than u do.
posting is a way for me to remind myself of & 're-learn' such things. my amnesia sucksIgnored
who are you anyway??
jon (i think ..)...probably...
PATIENCE... DISCIPLINE
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedu are welcome.
dont worry, i need more reminders than u do.
posting is a way for me to remind myself of & 're-learn' such things. my amnesia sucksIgnored
Dislikedheres a good example of a stand out bar, i missed this and it was created by news which always makes me nervious but a good bar non the less..
not a good trade set up i hasten to add..
jonIgnored
Dislikedheres a good example of a stand out bar, i missed this and it was created by news which always makes me nervious but a good bar non the less..
not a good trade set up i hasten to add..
jonIgnored
Dislikedwot amnesia..
who are you anyway??
jon (i think ..)...probably...Ignored
DislikedYup, totally with you on that. I watched it form, but those damn NFPs make me jumpy too...Ignored
Disliked...why would you rely on someone else for your own success?! Imagine that the signal service provider stops their business one day, what then? You'll be on your own, with zero trading knowledge nor experience.Ignored
DislikedHi Hook
Saw this one and was tempted but it would have been only for the purpose of taking a trade. Depite this bar engulfing the previous few bars it also seemed 'too big' if you know what i mean? I like engulfing bars to be a 'nice size and shape' and the massive ones like this example are I feel too big in the sense that after such a strong move you would expect a bit of retracement? Hope this makes sense!! As you say a good bar but not a good setup and there is a difference between the two.
KalIgnored
Disliked
yes, interesting.
your 1st chart clearly shows the 1.3180 -1.32 ppz i mentioned. in fact, that was a possible trade, IMHO -- short of the small pin off of that ppz or a touch trade at the PPZ.Ignored
DislikedHey all
Anyone got any thoughts on the weekly pinbar on the AUDNZD? My humble opinion: looks like a nice bar, it's with the trend, off support, off the 50 fib, and got some space if it breaks 1.3230.Ignored
DislikedI found a few too, my main concern is: Do they really have same performance as their website advertises? If so why not we all invest in such a service while we learn to do it ourselves? I mean this is just a simple business decision, pay $200 per month so you can make $1000 per month from it....Ignored
DislikedI am struggling to find any decent setups at the moment and getting a bit itchy to take a trade!! Anyone else suffering the same feelings? Where have the A+ trades gone?Ignored
DislikedYes, SC, I agree but it was just too small a PB for me.
If it had looked the one I drew here, I would have been in it.Ignored
DislikedHey GJ..I think we just cracked a fresh can of worms. LOL
It is good you are making us all think here.
You know what I think is the cause of the confusion?
It is the DBLHC or DBHLC, because, unlike the BEOB or BUEOB, they do have to close above or below the extreme of the previous bar. This tends to confuse us with BEOB or BUEOB.
Yeah, I drew that BEOB with the close below the previous bar on my charts because, I wanted to show the best example of the setups.
However, I still see Jarro taking the BEOB that do not close below.
I actually termed...Ignored
DislikedHey all
Anyone got any thoughts on the weekly pinbar on the AUDNZD? My humble opinion: looks like a nice bar, it's with the trend, off support, off the 50 fib, and got some space if it breaks 1.3230.
Slightly concerned that no-one's mentioned it, and so far price on the current weekly bar has fallen lower than I'd have liked.
EDIT: Hmmm. I see it's fighting a huge monthly outside bar...
AttachmentIgnored
DislikedPinbar, did the Higher TF not give you confidence / Confluence in the trade? Almost perfect touch trade.Ignored
Dislikedyep PB you are correct
A BEOB does not have to close below a previous bars low(I do that). It has to close near the lower range of the bar.
MikeIgnored
DislikedAs you say, it was almost perfect.
However, it was a small daily bar and not a very good PB on my live feed.
With a 10 or 15 pip buffer below that PB, it was very close to the FTA.
I was more interested in the knowledge value of this setup than taking it.
That said, I get what you are saying.Ignored
DislikedHey Stark
Notice your red line right above the pinbar? I would NEVER be a buyer back into that swing low point. That is an area that can turn from support now brokern into resistance. For me this is an example of a bar that gets people into trouble. Now it has not broke so its not valid(or it barely did which would never trigger one in with a buffer). But still its a good lesson. If this whole bar was shifted up and closed ABOVE those two lows, that would be a good trade
Hope that helps
MikeIgnored
DislikedHey Mike,
Thank you for the reply & your thoughts. I'm with you on the red line at 1.3200 above, plus I see something going on just above it at 1.3230, so my buy order was set above both, and clear of 1.3250. Perhaps it was wishful thinking that it might just blast through it!
Quick question though - you say it hasn't broken so it's not valid. Do you mean not valid *yet*? Or am I missing something?
Appreciate your time, now I feel just that little bit wiser!Ignored
DislikedHey Stark
Sorry for the confusion
For a pinbar to be a valid pinbar it must technically break the bar. In this case the HIGH of the pinbar. Now it broke by a few pips, but on a weekly basis any decent buffer(meaning order above the high) should not get picked up at least the way I do my buffers. So technically the pinbar is not valid yet. If the low gets broken it's invalidated, and until that high breaks, its also not a valid pinbar, just a pinbar
Let me know if that makes sense
MikeIgnored
DislikedHi guys,
Im Watching the 1 hour usd/chf. Any thoughts, given that the pin manages to form?
-HIgnored