EUR/CHF.
Pin-Bar.fibo 50.Ema resistance.
Is a good setup?
Pin-Bar.fibo 50.Ema resistance.
Is a good setup?
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedhey guys, wanna know your idea about USD/JPY weekly. have a look at the picture: {image}Ignored
Disliked{quote} hey Mike, won't you consider the pin bar that formed before price broke out of the pattern a PA? does the PA you are looking for have to form inside / within the green circle you have there? thanks for your time DintaIgnored
Disliked{quote} ... something you might want to test out. I prefer to look for a pre-emptive type bar like a buob, DBLHC, Multi high breakout etc). Or look for price to breakout and pullback and give you a pinbar/outside bar etc. Best MikeIgnored
DislikedI really itch to enter long on the green line @ 171.000 but I'm really confused where should be the best place for me to put my stop. Could anybody help me sir? give me some lights? {image}Ignored
DislikedUSDCAD trade from monday Simple trade - one of my favorite setups. We have this multi day chopping which creates a minor Support and a minot resistance. Price breaks out and forms almost a BEOB. Entering on ret, stop above engoulfing bar high. Classic james16. Half already off the table, stop adjusted. Why complicate it? {image} Cheers, StephenIgnored
Disliked{quote} I'm with you on this one . Entered on the H4 BEOB, it's 10 pips from it's TP. I'll exit as soon as the news comes out. {image} WIgnored
Disliked{quote} Glad to hear. I will just adjust my stop. If price goes against me i get stopped out in 10 pips. If news are in my favor i might win more than 40-50pips.Ignored
Disliked{quote} thanks Lenrod, USDCHF daily has formed a pin bar but the setup is not grade A: {image}Ignored
Disliked{quote} Building permits M/M -11.6% Forc.: -2.4% Prev.: +8.5 BAD NEWS!! Closed both positions in CAD .Ignored