Dislikedwelcome gov.
no need to be nervous. take your time and when you get a chance go over and watch the guest videos.
jimIgnored
Gov
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedwelcome gov.
no need to be nervous. take your time and when you get a chance go over and watch the guest videos.
jimIgnored
DislikedBeautiful.
This break confirmation puts the "plus" in an "A+" trade in my book.Ignored
DislikedHere's my EA 4h - no pin (different feed) but do these still have any meaning, on my chart, i'd be looking for price to settle below this point first and break out of this current pattern - not sure what it's called but it's some kind of flag/wedge on the daily.
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DislikedHere's my EA 4h - no pin (different feed) but do these still have any meaning, on my chart, i'd be looking for price to settle below this point first and break out of this current pattern - not sure what it's called but it's some kind of flag/wedge on the daily.
AttachmentIgnored
DislikedI've gotten many PMs on a finding good PA setup. I would like to show a quick summary using joebryce's PB on the Eur/Aud.Ignored
DislikedThanks for the reply Mike
Still not sure how you would have done anything with this, i thought we should wait for the break as confirmation - we got that and place an entry below the low on the Bar, but that was right on top of the expected support - so should this be a no trade until support has given way and then look for other entry points?Ignored
Disliked
This is a basic illustration. Please feel free to add other important aspects of this example. (Mike, Jim, Bundy, anyone, etc.)
JimIgnored
DislikedWell NO guru here for sure but,
I think as someone new to it you should do as your doing trading only daily/weekly and A setups....Ignored
DislikedI've gotten many PMs on a finding good PA setups. I would like to show a quick summary using joebryce's PB on the Eur/Aud. Now mind you, many people have their own way of defining their setups. They are all correct. (Jim's and Mike's setups should be studied and mimiced as much as possible.)
But they all follow the same premise of what Jim teaches at the most basic level. We have areas where Price flips from going up up up and then going down, down, down, (PPZs -Pivot Price Zones/ Price Pivot Zones). We wait for a Price Action formation at these...Ignored
Dislikedok.. and the last one for today (have been watching screens way too long this morning )
We've got daily pin, which broke last night. Now we've got rac's favorite retrace..
I wonder how it will play out in asia...
tcIgnored
DislikedLet the trade come to you. don't chase it..
1. plan your trade
2. execute your plan
3. never chase the trade
re: 1
plan was to sell cable when it retraces to 50/61fib at 4630 after Beovb setup which formed yesterday
stop was set 25pips above at 4655 (above ppz and 61fib)
re: 2
order: sell limit, set your tp, have a nap
re: 3
no need to, if you have a plan
it happened while asleep.
do we get a break lower today? That would be great, if not we'll make another plan. Always be prepared and have a plan... it will set you free one day..
....Ignored