Those levels (1.28/1.277) are breaking down again.... i'll look for shorts down to the area i indicated where we should get a nice bounce.
Demand zone exists down to 1.275x so if pierced.... drop? Hope so.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedFunny
Oanda removed all my S & R levels and reverted my "candlesticks" to "Min/Max". Pretty much defaulting my charts. Just as long as they don't default my account!
Anyway. No biggie. Kind of refreshing.
"High 5"Ignored
DislikedI like the H4 for a short . Not that I will play it , but that TL is respected after the break which is what i like to see .
Btw , how do you post your charts , to appear as links when someone quote you?Ignored
DislikedNicely bastardised Donkey. I have my entry a little tighter, at 1.3287... I want to see a retest of the 1H resistance level too.
Can I ask, why did you place your stop there? Not that I'm discouraging it, only I'm trying to refine my own SL entries as they can be rather wide at times.Ignored
DislikedNotice the frequency of the touches on the trend line has risen in recent times. This is usually a strong sign that price is starting to get less and less "afraid" of the trend line and is gaining the balls to eventually break out.
If you've ever followed the_wizard's 'fail better' thread, he calls this the 'spider' and uses the spide,r which he is afraid of, as an analogy to elaborate on this price behavior.
g.Ignored
DislikedI only discovered this thread a couple of days ago although I've joined FF for about a year now. Better late than never! Am only in 2005, so have a long way to catch up!! I've been trading for a number of years, but still find it very informative...old dogs can still learn new tricks!
Jim, great work for starting this years ago...just sorry I didn't catch on earlier!Ignored
DislikedHey Mike,
I was wondering if the BUOB of yesterday's D1 on GBPUSD would qualify as your "Preemptive break"of a box?
Am a bit confused about drawing boxes. Though am inclined towards using the Highest close and Lowest close. I would like to know how you draw yours.
Thank you for your anticipated simple explanation.
RalphIgnored
Dislikedstops to b/e now, will be watching close here now that we hit the top of the pattern. I still am interested to see if price wants to keep pushing but risk is off the tableIgnored
DislikedAfter strongly breaking out of the box and 1.59, we may be getting a nice pullback to 1.59 here. Will be keeping an eye out for PAIgnored
DislikedHi guys (and gals, maybe=)
This is my first post at FF. I am new at price action thing, but i know now, that is THE ONLY path i should step. I would like to thank you for your efforts to share your wisdom and teach people like me. It helps a lot, believe me.
I've got a chart at this ocassion =]
Its USDSEK. My sentiment here is rather short, but i decided to not trade after big bearish bar, because i predicted retrace at least to 6.7000 magnet level (confluence RN, emas,ppz), add to this i drew fibofan and im sure its good decision to stay aside.
Do...Ignored
DislikedHi everyone, have been a lurker in this forum for about 6 months and been on and off forex for a period of time. Time to pull my pants up!
I have been on demo for about 4 months now using the j16 methods and have only look for pin bar at swing high/low and trading breakout from boxes. The biggest difficulty so far is to identify FTA and what to do after hitting it.
What I understand from J16 is to identify PPZ and add it with confluences. After which I would wait for price to test the area identified and enter with a bar confirmation. Am i doing...Ignored