DislikedPossible stop hunt above 1.6405.
Let's watch if a quick range breakout happens.
Have a nice day everyone.Ignored
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Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedPossible stop hunt above 1.6405.
Let's watch if a quick range breakout happens.
Have a nice day everyone.Ignored
DislikedYeah SC...Without my friend I would have been burned with a fake copy of this monitor.
My previous monitor was 22 and I was going to get a 27 but my friend reckons they are not so good for your eyes, sitting up close.
....
8 frames that are reasonably sized and easy to see PA on.Ignored
DislikedYes 7200 looks good,but i still dont understand why 7275 is of no concern to you as potential trouble area.I always have problem with very near PPZ-make me missed a lot of trades.But the ones that i took more often resulted in losses.Please advise.Thank youIgnored
Dislikedanyone considering this inverted pinbar on d1 nzd/usd?
i have no big experience about ibp, so would love to read your thoughts...Ignored
DislikedI was looking at this one as well. I'm definitely no expert but I thought it was too small for going against that very strong uptrend.
patIgnored
DislikedHey guys,
just wanted to introduce myself and say hi to everyone. Been reading this thread for about a month, and as many have said before me, this is amazing stuff and it's really awesome to see people helping one another here.
I have a quick question: does this look like a good setup to anyone? I'm looking at the daily EURUSD, it broke resistance a couple days ago and had an inside bar breakout today. Any ideas?
...Ignored
DislikedYes 7275 and 7300 is the same PPZ area.But what often confuse me is PB close relative to very near PPZ right above it.After all we want our PB to close above PPZ right?But people draw PPZ differently.Hence what is a tradeable setup to one trader may not be so for another trader-who may draw PPZ differently.If one draw it lower, the PB close above it and its tradeable-but if one draw it higher,the PB close may be below it and its not tradeable.Its frustrating.Ignored
DislikedHi & welcome to the thread.
Personally,it doesn't look like a good setup to me because, the IB is at a swing high and not too far from the 1.44000 RN.
If it had come off the 1.44000 and broken low it may have been more interesting.
I wouldn't trade an IB like this one going into a major RN.
I might add especially on a Friday when a lot of intraday traders will be taking profits and closing out long trades.Ignored
DislikedWould this setup be according James16 rules?
PPZ at 1.4900 area
BRN
Entry at break of BUOB
Thanks
AndreasIgnored
Dislikedwelcome Shawshank (redemption? great movie)
Spookie gave you the same answers I wouldIgnored
Dislikedonce u gain more experience, u will be in a better position to predict which PPZs to ignore &/or take note of.....
for our PA setups, we like them to trigger with good momentum. this happened on this particular trade. assuming it did not, we just have to manage it accordingly.
again, the key is momentum. ask yourself, did price breach your 0.7275 PPZ with momentum?
another thing. check the chart below
in yellow boxes, i highlighted all bullish bars (since your trade was bullish) that formed around your 0.7275 PPZ.
what did they do?
answer:...Ignored
DislikedWould this setup be according James16 rules?
PPZ at 1.4900 area
BRN
Entry at break of BUOB
Thanks
AndreasIgnored
DislikedI would watch out for the VBRN and all those bar highs to the left of price with the 365 EMA lining up with the 1.5000 VBRNIgnored
DislikedMany thanks, Pinbar
Your chart makes things clearer and shows what I overlooked.
Thanks
AndreasIgnored
Dislikedno experience either.. also i trade lower TFs (usually M5-H4).
also, i havent traded NZD$ in a long time.
the candle closed a few minutes ago, correct? (FXPro)
what's the candle close & open price?
my FXPro demo says open 0.77942, close 0.77848
pros:
tight stop (+/-20pips)
possible trend pause & Friday profit-taking
cons:
imho, countertrend
small sized IPB
personally i'd prefer a bigger size & an IPB that touched 0.7800
not sure if ghous is ultra picky with the IPB close (whether bullish or bearish close for a bearish/bullish...Ignored
DislikedNot at all, just getting my thinking cap back on after the recent disasters.
Take a look at the weekly.Ignored