There's such a difference between looking and being able to see..
Anything can happen.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHey Taz
I am sorry I read this a few times but am not totally sure what your question is. Can you rephrase it maybe. I am having monday brain
Thanks
MikeIgnored
DislikedIgnored
DislikedHi (posted again as posted in wrong area!)
Well that input from Onlydragon was pretty offensive, characteristic of many jibes at J16 which I feel is full of incredibly generous free stuff with great humour.
Having said that, I can never quite get a handle on how much % return one might reasonably expect to earn on a given investment in trading. As I guess we are all in this venture partly out of interest but ultimately I suppose to make some money one day (no different to any other job in that respect) and I quite accept that, as with most things,...Ignored
DislikedThanks Mike. I just noticed MB Trading is 7 hour behind NY close. I know that all time frames are considered equally valid views of price aggregation. But I also though you prefered NY close for daily, no? You find no issues with the MB Trading daily close timeframe?
Thanks,
JDLIgnored
DislikedI wish I could came across this thread much sooner, but it's never too late.
Attached is the daily AUDJPY...do you think that pin bar (shooting star) appeared on 9/17 still a valid short trade?
Thanks.Ignored
DislikedHey Mike,
I am just asking,that will the buob or beob forming within the pattern at the end of untying of the coils or breakout mode fail or work.
Because there is always a pullback into the pattern,so the buob or beob in the pattern is unable to reach it's full potential.
Hope i am clear,i was also having monday brain i guess , that is why i could not make it clear.
Look at my chart it is also a triangle breakout.
Have a look.
[b]This Post relates to when i first said, if i can play the breakout when the bar on Eur/gbp closes as beob inside...Ignored
DislikedHey Mike,
Waiting for your reply.
Anyways,i have read you are great at the breakout trades.
What do you say of this formation.
I think it will consolidate below 1.3100 before breaking.
I saw a Pinbar on weekly chart, forming just around this level.
Regards
TazIgnored
DislikedHey Taz
I may be missing what you are saying again, but if you are asking can you play the outside bar as a preemptive breakout of the pattern the answer is yes and I do this. If the outside bar is pushing right up against the breakout area I use it as a tip off and then do not wait for a pullback.
An exampleIgnored
DislikedHey JDL
I use FXpro for my daily closing times. The brokers I trade with I don't care what their charts look like. Remember price is price, so it is only a matter of transferring the orders onto whatever client you choose to trade with. They can be based off any chart one desires. Just use the proper pricing of that chart to transfer your orders. If I want to put a sell order below 1.3000, I can do it on any broker I desire, doesn't matter if that broker has an aggregated price chart that shows something different.
MikeIgnored
DislikedThanks for the encouragement
The 1.33 is indeed a very good ppz area. I had it marked on my chart since this post .
About that EU trade. I managed to close one position at BE. And the other, i closed 1/2 at 1.3377 for about 60 pips profit and then i moved stops to BE. The second half was then closed at BE when the price went back down, i suspect because of the good news for USD regarding the housing.
AttachmentIgnored
DislikedWow a very nice golf course
I played mini golf here, once with my family when i was about fifteen. We had a lot of fun.Ignored
DislikedQuestions asked in a thoughtful manner will garner the same respect J, so I thank you for that.
That is the problem with this question is that everyone goals/methods/expectations/risk tolerance varies....Ignored
DislikedWould the setup on the E/G be considered a 2 day pin bar.
If so, off the 365 ema, close below 85 and the break would be below the 150 ema.
Looking at possibly shorting on the break of the 84.50 and the first FTA around 84.00Ignored