Cable is in an area to watch
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Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedThat's one hard and steady break. Confirms to me that the setup is correct. Well done sir. Trading sure is easier when there's no draw down.
Very nice.Ignored
QuoteDislikedI must kindly disagree. From what Bertie has said, he is following James16 minimum requirements, which means he is demo trading day and weeks only right now....
DislikedGood am catiron go to uj daily and snap a line at 97.00 and look at all those daily lows stacked along there. Tough resistanceIgnored
Dislikedyup, im still in this trade, entered on the 4hr chart & being trailing it.....Ignored
Dislikedthere were many pinbar setups yesterday, almost all of them turned out alright.. personally i took AUDJPY, and i moved my stop to BE after the pair moved up 50 pips (30 is a little tight imo). i've closed the position now @70.0 w/ 1:3 RR ratio. (i entered on break of the daily bar, SL 45 pips)Ignored
DislikedI passed on USD/JPY because on my chart, it looked like I was trading right into the round number 97.00 ...
-ScottIgnored
DislikedI passed on USD/JPY because on my chart, it looked like I was trading right into the round number 97.00, so there wasn't enough room to move up until 97.00 was hit (blue ppz). Also, it looks like the 150 EMA is sitting right at 97.00. I usually only follow the 150 and 365 EMA, and this one has confluence with 97.00 and told me that it may act as resistance when combined with the ppz.
E/J looked like it had more room to run before the major ppz. I was figuring it had potential to hit at least 128.50 before having trouble (green line). There was...Ignored
QuoteDislikedNo I did not take any of the jpy 4hr pins no good ones on my feed. I am still in my eur/jpy long daily pin though, just moved stops to b/e a few seconds ago
DislikedI agree 30 pips was a little tight, but not being an A+, i wanted to get to BE fast. I wasn't one of the winners, but I didn't lose, either. Nice trade.Ignored
DislikedJduester
I expected this viewpoint to surface sooner or later.
After affirming that bertie is "doing great", all i did was offer him a suggestion/an alternative as i sensed some anxiety/frustration regarding "good trades passing him by" (which we & many others understand perfectly).
I know & believe Sir james16 had the best intentions when he imposed some very strict requirements/rules/recommendations (1 of which is to start demo trading strictly w/ daily & weekly) on traders willing & able to go through this [b]"j16...Ignored
Dislikedmbqb11,
so Mike, does that mean(stop to BE just minutes ago) that u are expecting it to go way up?
gododdin,
it's not a dilemma. lets prefer to view it as part of the learning process, part of the journey, therefore it's all natural, all good.
"Last night I went through all my pairs and identified several potential pins" --- correct analysis sometimes is good with or without having to trade them (more like "a BE trade is as successful as a profitable trade, & better than a losing trade")
Do not be Glad, rejoice instead!...Ignored
DislikedNice squeezy. A tight stop (for me) on this time frame would have worked for me. The confluence of MACD divergence helped greatly.Ignored
DislikedHopefully up enough to my profit target. I am about to go play some golf so I set a take profit shy of 130 stops b/e so no worries
Best
MikeIgnored
DislikedGBPAUD is shaping up to a nice daily pinbar. i have few hours still left for the set up to become active but i have taken the trade on the 4 hourly.
Will watch closely the daily close to add more on daily break.
Rejection from a major PPZ on the daily
4 hr pin bar or BEOB.
Looking to form a good daily pinbar at swing high for this month.
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