DislikedWrong...
Look at the daily patterns on fiber going back to Jul 2008.
Tip: count the pips..Ignored
Hope i am right here.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedWrong...
Look at the daily patterns on fiber going back to Jul 2008.
Tip: count the pips..Ignored
DislikedHey Tree
Remember we want to see BUOBs at swing lows, this is up at a swing high point. Generally trading into that new high can be very dangerous. Taking out that new high is where new sellers often sit. Best to stick to trading these bars in the prime locations especially when new.
I hope that helps
MikeIgnored
DislikedIm thinking of how i should manage this trade. I went short right after the break of that bearish pinbar. Im currently up 100+ pips, stop at BE and a little more then 1:1R. Do you think this one could be a runner?
Price did break the trend line and is in a bit of a downtrend making lower highs and lower lows. BUT its till in that mini range box. If price break this box there is ton of space for it to fall... any ideas?Ignored
DislikedIve put an order in for this usd/cad 4hr pin, waiting for the break of the low.Ignored
Dislikedlooks like one of those trendlines that gets broken easy. Ready for a scalp.Ignored
DislikedIm thinking of how i should manage this trade. I went short right after the break of that bearish pinbar. Im currently up 100+ pips, stop at BE and a little more then 1:1R. Do you think this one could be a runner?
...Ignored
Disliked...seems that as more we close to holidays, markets movement are so full with surprise...
anyway if you look on the daily we are stuck in some range until we have a close below/above it could go either way...Ignored
DislikedQuick Poll for you guys:
BUOB/BEOB - enter on the break, or enter at the 50% retrace?
Disclaimer: Yes, I know it's up to each individual trader and there is no right answer. I'm just interested to see how others take theseIgnored
DislikedQuick Poll for you guys:
BUOB/BEOB - enter on the break, or enter at the 50% retrace?
Disclaimer: Yes, I know it's up to each individual trader and there is no right answer..Ignored
Dislikedi think it depends more on the situation than the trader.
there are instances when a BEOB/BUOB breaks & doesnt look back, hence no chance for an entry via a 50%retracement. happens too with pins, IB's (that is, price not looking back/not retracing)Ignored
DislikedO give me a daily pin!
That agrees with tha trend!
Hope I got a runner here. SL at the top of the BEOB. BEOB off 1.70. Short 1.6970.
K.I.S.S.Ignored
DislikedThat makes a lot of sense but then that leads to 'how can you tell'? What might give you an inkling on how to take it? Or do you simply watch price and see which way it's headed during the day (e.g. a daily BUOB followed by price heading straight up - take the break; BUOB followed by price heading down - take the retrace)?Ignored
DislikedThat makes a lot of sense but then that leads to 'how can you tell'?...Ignored