Welcome, we were all beginners too
The first thing that jumps out at me for someone new is that this beob is down at a swing low. We want to learn them up at swing high points first as taught by James
Let me know if that makes sense
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked"GAP has to be filled" is like tradeing without SL... 99 win then 1 BIG loss crash you to ground zero.Ignored
Dislikedhi everybody I'm a total newbie & this's my 1st post in FF, but I have been reading the James16 chart thread for weeks... (this thread IS the reason I signed up for a FF account)
Just want to post a question here, GBP/USD daily chart... (in the attachment)
the charts shows a BUOVB at a PPZ (confluence of 2 fibo levels), but the bullish candle went up a little too much to give a good Reward/Risk ratio, if I decide to enter above the break of the candle (the blue line).
So, I am wandering whether it's...Ignored
Dislikedhi everybody I'm a total newbie & this's my 1st post in FF, but I have been reading the James16 chart thread for weeks... (this thread IS the reason I signed up for a FF account)
Just want to post a question here, GBP/USD daily chart... (in the attachment)
the charts shows a BUOVB at a PPZ (confluence of 2 fibo levels), but the bullish candle went up a little too much to give a good Reward/Risk ratio, if I decide to enter above the break of the candle (the blue line).
So, I am wandering whether it's wise to...Ignored
DislikedI don't even see a BUEOB, technically it could be but, my criteria for a true BUEOB is more like this.Ignored
DislikedIt wasn't an easy decision to join James16 Group.
I have been with FF forum for few years, and I have once drop-by James16 thread to have a peek.
Honestly, it was the no. of posts, and walls of text that put me off, and I have ventured off into other threads.
What reasons turn my direction back here was - James16 once quoted in a post that this business cannot be learn in few days, months and should one treat this as business, he or she should be patient and demo the trade. There is no short-cut in this business, and why should I pretend...Ignored
DislikedI don't even see a BUEOB, technically it could be but, my criteria for a true BUEOB is more like this.
EDIT: Revised PA chart for new people to the thread.
Hope it helps.Ignored
Dislikedwelcome breeze we are glad to have you here and the PF. I know this thread is huge and it can be very daunting. It doesn't take as long as one might suspect to get caught up to speed where you won't feel that daunting anymore. Don't be shy to drop me a line if you need anything
Best
MikeIgnored
DislikedHappy New Year everyone!!
How about this for a set-up on the USD/MXN??
BEOB, Rejection of BRN 13.000, Bounce off 150 and 360 ema, also bounce off s/r zone.
Providing the market opens above the close of this BEOB bar and breaks it at around 12.9100, 1st TA is around 12.8500
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