DislikedAdi, first of all, see the traffic in blue.
The buob 2 bars before was better
Edit: my fta was too fast signed. I hope you understand my point, we are trading into a minor ppz.Ignored
Best
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedAdi, first of all, see the traffic in blue.
The buob 2 bars before was better
Edit: my fta was too fast signed. I hope you understand my point, we are trading into a minor ppz.Ignored
DislikedThose areas have not been 'dealt with' already Adi.
The close on PA bars is very important. For me it can be the trade maker/breaker. If I simplify the 'areas' down to the 9500 RN, notice how the pin bar low touches the RN and closes above it. The close is above is not a great sign of bearish strength. Had it closed below the 9500 the BUOB would not have been too much of a worry at all, because then you have the added protection from the 9500 quite possibly acting as resistance.
The BUOB in comparison is a much better trade. Do you...Ignored
DislikedHey guys, first time poster. I'll try and more properly introduce myself later.
I remember James mentioning once that he used a website that would send him a text message when price hit a certain level on a certain pair. Do you guys use something like that, and if so, could you hook me up with the site?
Thanks alot.Ignored
DislikedHi Adi,
I am a newbie. If I may ask, why would the BuOB change your view on the setup? Is it that the previous bar high (acting as support) of the BuOB that Jarroo kindly showed us all the time? It is where I consider the FTA might be.
By the way, I also noticed that the PB failed to close below the RN 0.9500, showing some weakness to me.
Thanks for posting and let's learn & gain more pips in this new year.
Cheers,
KristopherIgnored
DislikedBuying @ 109 was incredible.
I came in right there, stop @ 108.75, closed half and moved stop to B/E @ 109.44, final target was 109.90....
excellent R/R
edit: only risked 0.5% because of the seasonIgnored
DislikedHey Kristopher. Yes is just part of my plan, is like if I would be in a trade from this BUOB I would still be in... (so is like I don't fade myself)
Just want to keep things in logic (as much as possible). So I am not fading immidiate PB or BUOB never, until it reached it's target (which is next S/R as I see them).Ignored
DislikedHey Ghous, thanks for your comments, can you please clarify why have you marked those areas right there, not a little higher or a little lower, or the whole area?
Will you keep your opinion if this shoots all the way down? I mean no offence, but I really want to be objective...
Objective to me is having some kind of rule for plotting those areas, not just to sound good and look good but to make money (hopefully) from it in the future....Ignored
DislikedHi Guys,
Having made it to page 210 I see a few traders use PA on non Forex instruments such as oil etc. My broker (which is a spreadbetting company) offers the following . So it allows me to trade almost anything that has a market .
My question is there any reason the method in this thread can not be applies to all of these markets? I am talking about the daily and longer btw.Ignored
DislikedDamn, get out out of that "hope I am not being offensive" shell. You're not being offensive at all. In fact a very good question IMHO.
I didn't dump the demarcation of the whole area as such, I just simplified it to a RN that was running right through your area, and doing that is a good idea because it makes things so much easier to identify and manage. And again I am not curve fitting here. Plot the 9500 on your chart and scroll back to see what I mean.
The idea is not to avoid every price flip out there, but to avoid the major ones and...Ignored
DislikedHey Chris
Price is price
If it moves we can trade it(pretty much). James is much newer to forex then the other markets he comes from trading with the same techniques
MikeIgnored
DislikedThank Mike,
With all those options on daily then I can really choose carefully and only take the primo ones.Ignored
Dislikedah yes
Now the cliches like
"trading is waiting"
"the best trade is when I sit on my hands"
etc etc
Can make some sense. All cliches have some kind of good truth somewhere in them. As much as I am not a cliche man
MikeIgnored
DislikedHi guys,
This is the trade I like today...
We´ve got..
+Rejection from the 1.75 area BRN, possible retest after the breakout
+Divergence, making lower highs and higher highs on RSI
+61.8 Fib from last swing and 38.2 from 1.80 swing
+We´ve got the 150ema above
+Nice big PB
+Space for a down move
My 1st FTA will be around 1.7360 although due to the size of PB and confluences I think we can get lower.
- 15 pips spread on my broker
- Very strong bullish move before it.
Comments are welcomed.
Os.Ignored
DislikedSince we've recently had some videos posted, here's something for the newbies in the triumph of the New Year spirit
(pardon the quality, putting it up on youtube erodes the quality quite a bit)
http://www.youtube.com/watch?v=mNjVZoTeYhk
g.Ignored
DislikedYou are doing pretty well my friend. This makes it all so worth it for me.
15 pips is insane to pay once you go live(if you aren't)Ignored
DislikedAh now I see it. Sorry I didn't notice the BRN itself. Every BRN to me counts always. No matter how much price traded "above and below".
I meant this. I have some PPZ that were dealt with - here I mean the PPZ where price has traded above and below this area. So "dealt" twice. The logic here is that all possible stops were collected from both sides....Ignored