Just triggered long on the C-J, I'll explain later why I went long, now to busy managing this one.
Pipcrawler
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedAnd SC may I ask that fellow trader trades J16 too?
How is he doing on live account may I ask?Ignored
Dislikedsure, no problem.
deaf/mute people (my uncle is one) can get around ok, so im sure u can do much much better.
possibly.
he has posted here in the recent past.
the key for people like u is to acclimatize.
i have the opposite problem: i have a low coldness threshold.
also, u can live in places here with cool climates.
why do u think Koreans & Japanese (aside from Westerners) thrive & love it here?Ignored
DislikedJust triggered long on the C-J, I'll explain later why I went long, now to busy managing this one.Ignored
DislikedClosed 1/2 position for a small 20 pip profit, for the other 1/2 moved SL to BE, price is at the moment a few pips above my SLIgnored
DislikedThanks Mike kudos to you.
so any price action formed in this kind of area are invalid?
Thanks
Much loveIgnored
DislikedGreetings,
I am looking for advice on entries. For example, I spot a DBHLC or DBLHC. What is the appropriate entry method? Would putting a buy/sell limit be best?
Looking forward to hearing input from other trader regarding this matter.
Regards,
MGIgnored
DislikedJust triggered long on the C-J, I'll explain later why I went long, now to busy managing this one.Ignored
DislikedLemme explain my trade. On the 4H-TF of C-J price generated a BUOB @ PPZ/RNB 8400. I entered on a much lower TF via a nice PB @ 8420-ish also a 4H-PPZ and near a previous 4H-bar high, FTA would be the 8460. On the lower TF price broke the BUOB with quite some momentum, but right after the break bullish momentum dissipated and price dropped back. Just can't figure out why the break didn't pull through, the only barriers I can think of are those marked off daily bar lows on the attachement, also on the 1H-TF the 150 SMA was hanging around at the breakout....Ignored
DislikedThe term PPZ is an area that has acted as both Support & Resistance.
I drew this only on the daily chart, just to give you an idea but, you may want to start on the monthly and work your way down to the daily or H4 time frame using different color lines, so that you remember the large time frame lines will be more solid.
Hope this helps.
Just a roughly drawn chart to give you the idea of what we are trying to do.
There may well be more PPZ not on these charts, I am just trying to show you what I mean.Ignored
DislikedHey Emmy
Not neccesarily invalid, but under the circumstances we have to be much more careful what price bars we play. For example your next DBLHC is also very much in traffic, and that means price is likely to bounce very choppy at the first areas of trouble. These are the market enviornments that kill traders. Wait for us to get out of this area or at the very EXTREME parts of the "box"
best
MikeIgnored
DislikedI would be cautious trading into the back end of the previous support hereIgnored
DislikedThanks Mike
I want to you give me the link to where u state the meaning of the the following
PPZ
PB
S/R
etc..........
Keep up the good work.
Much loveIgnored
DislikedThanks Mike
I want to you give me the link to where u state the meaning of the the following
PPZIgnored
DislikedLemme explain my trade. On the 4H-TF of C-J price generated a BUOB @ PPZ/RNB 8400. I entered on a much lower TF via a nice PB @ 8420-ish also a 4H-PPZ and near a previous 4H-bar high, FTA would be the 8460. On the lower TF price broke the BUOB with quite some momentum, but right after the break bullish momentum dissipated and price dropped back. Just can't figure out why the break didn't pull through, the only barriers I can think of are those marked off daily bar lows on the attachement but I didn't consider these as important, also on the 1H-TF...Ignored
Dislikedxmzhang,
I want you to know that I have been studying your approach to trading with very keen interest, please keep posting and explaining it is inspiring me:
Basically it seems what you do is that you get a trigger candle PA (at least did in this instance in this instance - DBLHC) on a given Tf then move to lower tf to seek appropriate entry point. Did I get you? Is this how you always handle your entries or just in this case?Ignored
Disliked...
Take a look at this trade I have profit locked and I am still in
call you tell me if i should get out of the trade
....Ignored
Dislikedon a weak day for stocks, coca-cola broke the 60 usd. wait for a pull-back and then long.Ignored