Some very nice PBs do fail.. even if taken off monthly pivot...
This is why it's important to only take be best PA setups and demo them first...
This is why it's important to only take be best PA setups and demo them first...
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Where can I learn more about Price Action like those in James16 charts? 9 replies
QuoteDislikedSome very nice PBs do fail.. even if taken off monthly pivot...
This is why it's important to only take be best PA setups and demo them first..
DislikedIm a little confused as to the fact we have had 2 daily pins in such a short space of time and both still active? I mean it’s a bit unusual looking at the past bars in this pair.
Could any one say one was better than the other or should we wait until one is broken?Ignored
DislikedHi Bones,
It's best to empty your mind of which direction you think things are going.
We got a great bull pin (off of a PPZ). We went long. We got great bear pin and reversed our position. ...Now we hold until we get great opposing PA. ...maybe off the PPZ? Maybe waaaaaay further down? Or maybe reverse today? We don't need to know.
Every trade is different. Every trend has a unique length.
Trade what is offered. With no expectations.Ignored
DislikedSome very nice PBs do fail.. even if taken off monthly pivot...
This is why it's important to only take be best PA setups and demo them first...Ignored
DislikedOr give up fighting strong trends and enter PA trades only with the trend. It is the only thing that i really disagree with what Jim teaches and that is the trend is at the top of my check list and not in the middle somewhere. Just my opinion.Ignored
Dislikedcheck out the open and close on cable's monthly bars highlighted... very interesting.. . We should get one more bar like that before significant drop lower.
just kidding of course..Ignored
DislikedHi raczekfx
When u see the 2 pins and a inverted pb from last month, what do you "see" in terms of price action. How do u make use of that info on the charts to help in your trading decision?
I too was looking at it for some time but all i know of is to use it to enter trades in that direction (e.g. a bullish PB means i have full lots on long). But is a little caution now as it seems to me that the market for cable is a little directionless but with a bias on short side now.
ThanksIgnored
DislikedLet's start with 2 PBs that broke out higher. If you're conservative trader you go long at 1.9970 and If you're like me, you look for the next ppz with some kind of confluence to exit. In attached example the move was good for 300+ pips.Ignored
DislikedLet's start with 2 PBs that broke out higher. If you're conservative trader you go long at 1.9970 and If you're like me, you look for the next ppz with some kind of confluence to exit. In attached example the move was good for 300+ pips.Ignored
DislikedHi!
I use ODL Meta for charting and this morning saw GBP/JPY PIN...
, but in Oanda (where is my micro live) there is nothing like that
1. Could someone verify GBP/JpY Ping
2. Why there is so big difference in broker's data feeds?
3. Do you ignore weekend data (I mean Asian session on Sunday)
4. How do u get pictures here???Ignored