DislikedSomeone else cached this baby on eurjpy?
Look how deeply it tested that consolidation box and closed as a beob
.Ignored
Pipcrawler
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedSomeone else cached this baby on eurjpy?
Look how deeply it tested that consolidation box and closed as a beob
.Ignored
DislikedFor those interested in stocks and are very comfortable with the MT4 trading platform, I just found the GCI Financial Demo http://www.gcitrading.com/cfd-software.htm
They list literally hundreds of US and European Stocks as well as commodities including Treasuries
They even have Lehman Brothers???
I just noticed there was a nice BEOB right before the stock went to zero
JonnyIgnored
DislikedOh I guess I should let you all know, the only BRN I ignore is Zero
*cricket sounds*
Ignored
DislikedFor those interested in stocks and are very comfortable with the MT4 trading platform, I just found the GCI Financial Demo http://www.gcitrading.com/cfd-software.htm
They list literally hundreds of US and European Stocks as well as commodities including Treasuries
They even have Lehman Brothers???
I just noticed there was a nice BEOB right before the stock went to zero
JonnyIgnored
DislikedHey PB,
I've asked some posts ago a question to one of the senior members about drawing these PPZ's after I saw a PA-pattern and not before a PA would pop up. His reply was this method would be vunerable to curve fitting. That is, identifying the PPZ would be influenced by the PA. I don't know if this would be the case, I think the only way to find out is to demo trade this mehod. My preference would be a step by step method, I start with a clean chart and when I see a PA-pattern I firstly determine the FTA, because this is the most important level...Ignored
DislikedLike Forexpeacearmy is the gcitrading broker a scam
http://www.forexpeacearmy.com/public...gcitrading.comIgnored
DislikedHey Imp
Price broke much higher, that I wouldn't think taking a retrace now makes the most sense. I think it's more favorable to get the retrace right away, as now this went on towards the first trouble areas before retracing. It still could pick up from a retracement and go higher, but I wouldn't want to mess with them now.
Best
MikeIgnored
Dislikedi believe ongoing full recovery.
Many thanks,Sir.
i think, with 'stronger close', he meant he wanted the close above the open (plus bigger nose)Ignored
DislikedIf price retraces before breaking the PB high and you would then be planning to enter a trade when price retraces to a certain level, then in fact you do not wait for the confirmation of the PB. So chances are that price will not confirm the PA at all. Instead if you wait for price to retrace after having broken the high of the PB, you know that the PB has been confirmed, as you would say a bar is a PB when it is confirmed by price. If understood well this trade could be played in two ways depending how hard the break of the PB would be or no break...Ignored
Dislikedwow never saw a chart of a bankrupt company . Very interesting. And yes zero seems a very good support area.Ignored
DislikedI have been finding the 8H TF to be very helpful or more reliable or just maybe suiting my style...using FXCM for 8H but other brokers for executionIgnored