DislikedOk Great.
They can work great as reversal patterns too...(take a look at the weekly Cad/Jpy as an example)
Ghous.Ignored
Thank you. Will study that.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedOk Great.
They can work great as reversal patterns too...(take a look at the weekly Cad/Jpy as an example)
Ghous.Ignored
DislikedOk Great.
They can work great as reversal patterns too...(take a look at the weekly Cad/Jpy as an example)
Ghous.Ignored
DislikedFor your Expert approval on my drawing of PPZs.
This is my first step in setting up my charts daily.
I will start from the Weekly Timeframe, find 2 PPZs around price,
Move down to the Daily then to the H4
I tried to match the PPZs to the Whole numbers (ending with 00) as much as possible as I see from Jarroo charts, is that advisible or should I leave them at their odd numbers?
P.S. for the H4 time frame, I cannot find a Good PPZ level below the current price so I just used a Support level.
If anyone can advice if the drawings are correct,...Ignored
DislikedLast picture:
I then added Fibs into the picture to get confluence
So does it mean that if a PA forms at these 3 levels, it may be a good place to take the trade (Of course depending on what PA happens) but if a PA forms at 1.0900 as there is no confluence, I should not take the trade?
I keep getting confused about Confluence
If we see a PA happening only at a PPZ with no Fibs confluence, can we take the trade?
What if we see a PA happening at a Fibs level with no PPZ, can we take the trade?
What + What = Confluence?
I understand from a previous...Ignored
Dislikedyep rocketed up on the M1 timeframe!!!!
hit my SL at BE
oh well I don't think you can account for that type of move!!!!
anyone know what happened?
TomIgnored
DislikedHi Joelcf,
I have to decide to use H1, until I master it. If someone can do it, I can too. Perhaps, it may take a bit longer.
Your winrate shot through the roof. Congratulation! Can you reveal your winrate and average R:R.
Yes. I spent more than half-year full time on trading method in general. No way to return.
cheers,
KKIgnored
DislikedHehe sorry just 1 more to ask:
It is regarding USDJPY H4 time frameIgnored
Dislikedyep rocketed up on the M1 timeframe!!!!
hit my SL at BE
oh well I don't think you can account for that type of move!!!!
anyone know what happened?
TomIgnored
DislikedOMG! Those are great bro,
Abt the rounding off, it's a personal thing, I personally don't do it specially for higher time frame ppzs but rather like to draw them using the rectangle feature so as to accomodate the actual ppz and the round number in a res/supp "zone"
Cheers.
Ghous.Ignored
Disliked1. Almost everyone I have seen trades ten pips below the break, not 3. To make sure it breaks and all. 3 pips doesnt even make the spread on some pairs. You cant judge a break of a previous pin based on something that barely touches it - especially when the break is an integral part of the PA setup!
I used to try and trade on the exact pip that a bar broke and a setup was 'valid' - why waste ten pip profit?! It was a disaster.
Now, if I want a quick entry on the first break of the bar/validation of the setup, I wait for a Jaroo-style...Ignored
DislikedYes, I did but instead of profit I received a mail
Your order #4485784 (BUY STOP 0.01 EURGBP at 0.8536 was deleted due to the market price breakout.
what shell I think of it?Ignored
DislikedGhous, I was just studying your picture. What Confluence do you have above the BEOB to make it a tradable one?Ignored
QuoteDislikeddeleted due to the market price breakout.
DislikedEURGBP 1hr Chart.
Notice the PB prior to the news? You had only the last few minutes of the hour to get your trade on, but the market generally knows in advance.
GBPCAD also Pinned yesterday.
The market knows. Trade PA, or paralyze yourself with news, (There are some news traders out there, but they die young...)Ignored