Hi guys,
What do you think of those Daily setups (Pinbars) ?
What do you think of those Daily setups (Pinbars) ?
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHello Alifari,
How do you make those checkmarks on your chart. Seems it could be helpfull.
Thanks,
FPIgnored
DislikedPersonally I think they are too small in relation to prior bars for me. Also, they don't really stick out much from the previous bars. If you decide to play them I'd be aggressive and move your stops quickly.
This is just my opinion.
CoryIgnored
DislikedYes I didn't like them so much because it's not in the trend but didn't see other Daily setupsIgnored
DislikedIt dropped about a thousand pips or so, I felt like crap but was determined not to chase it & wait for the next setup.
The remaining part is patience and discipline (preservation of capital) which I believe you can also cultivate. It's just as matter of time and your zeal to always try to avoid previous mistakes.
Cheers.Ignored
Dislikedspoil away brother. lol
Eur/Jpy; see I told you the 125.00(125.50) was going to be easy.
But I have a feeling you already knew that. lolIgnored
DislikedThis is what I'm watching for dailies today DJmanu. I'm not sure if I'll take it yet, but here are the positives I see:
1. Bounce of TL
2. PPZ/Round number at 143.50
3. 61.8 fib (Rac's favorite! )
4. Minor RSI divergence (not on chart)
Negatives:
1. Trading into PPZ at 146.5/147.00, would definitely move to B/E and take some off here if not earlier.
2. Quite a bit of traffic
3. Bar doesn't stick out much from previous bar
4. the PB isn't too big
If I'm missing anything anyone, please comment! I'm here to learn.
[size=1]NOTE: THIS...Ignored
Disliked
I had a buy orders set at 125.20 and 124.80.
Price kissed my first order and flew away.
Missed it by the spread. Asia looks v.interesting tonight.Ignored
DislikedIn U/cad i was stoped out , it was based on retrace of 4H BEOB.
EU long has 50% retracement, 1.4000 RN, Divergence and a little PPZ just below it so i gave it chance against the big trend keeping the stop below the RN.
Gold was bad trade i agree and both of them (for me). 1st short trade i took was with the trend but Big BUOB on the left was just itching me so when my BE was hit i took a Long but then it was against the trend and then i closed my Long while ago cause i got frustrated because i was trading in between a Range. ...Ignored
DislikedHi: I have been studying and trading the methods on this thread for about two weeks and am fortunate enough to be having success with the methods risking only $20 per trade with a 150 unit bankroll. I am having difficulty with trying to get my stops to break even as quickly as James16 seems to recommend in some of his videos. In particular, I watched his video on support and resistance in so-called "side-to-side markets" where he seems to indicate that even after having a very small move in your favor he advocates moving your stop to break even...Ignored
DislikedHello Marxdhr,
Maybe this will clear a little up for you.This is a response I got from Jim when asking a similiar question.
"
great question and a simple answer but it wont seem simple to you for a while. it will however if you keep the focus of only taking the best set ups. how do you know the best? after practicing for a while.
ok the answer.
i literally know with almost certainty that when i enter a trade its going to do one of two things virtually every time.
1. give me a profit either full or partial
or at the least
2. give me a chance...Ignored
DislikedThank you for sharing that. It's good to have that reminder every now and again.Ignored
DislikedThank you for sharing that. It's good to have that reminder every now and again.Ignored
DislikedHello Marxdhr,
Maybe this will clear a little up for you.This is a response I got from Jim when asking a similiar question.
"
great question and a simple answer but it wont seem simple to you for a while. it will however if you keep the focus of only taking the best set ups. how do you know the best? after practicing for a while.
ok the answer.
i literally know with almost certainty that when i enter a trade its going to do one of two things virtually every time.
1. give me a profit either full or partial
or at the least
2. give me...Ignored
DislikedI think you'll get your wish dan, but about the huge spit I wouldn't know
143.5 support is exhausted.Ignored
DislikedHello Dan,
can you tell me why you pick the entry at the low of third inside bar? (is it always better to set the entry around middle ones of the inside bar?) Also where is your stoploss when it break out?
I have feeling playing inside bar is simliar playing the break of the small triangle pattern. That's why I usually rather use breakout and pull back strategy. (rather miss the trade than catch the false breakout). Do you think so?
Thanks
PMIgnored
Dislikedjust took the trade short based on a 1h BEOB , hope that the 4h bar will close as a pin which will give double confirmation that it will go short
AttachmentIgnored
DislikedHi Dan,
I am currently on page 353 (which is dated July 2007) of this great thread and figured that at the rate I am going, it will take me at least another 6 mths before I could catch up with the current page 3536 (and god knows how many pages more it will move from 3536 in that 6 months). So I will now do 2 things: Continue reading from Page 353 and at the same time start fresh reading from page 3536. This way I will be more attuned to the latest going-ons/posts while I'm doing my demo. I recognize from my reading the 353 pages that you...Ignored
DislikedI like your charts Dan, an your explanations of your trades ,its a great help ! thanks GaryIgnored
DislikedHey G
... My favorite are BEOBs as continuations when you are getting a breakout with them(so a pattern that has almost a BEOB say as a tip off of the breakout). ...Ignored