Dislikedbuy orders have been consumed.... so we might drop pretty fast since there are no buy orders ''left'' in this areaIgnored
cheers
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedbuy orders have been consumed.... so we might drop pretty fast since there are no buy orders ''left'' in this areaIgnored
DislikedSupply and demand is really built into everything you do when you analyze a chart. It's about understanding a situation. Supply is sell demand is buy.
That's all it means. Now its understanding that everything on our chart is just that. Previous buy and sell orders.Ignored
DislikedFor example we look for the close of a pinbar to be within the prior bar. THere is a reason for this. It shows who is in control more. Now that doesn't mean any bar that closes within the other bar is a reversal. It's just another thing to gauge the strength or nature of the markets that have been executed(since that is what we see)Ignored
DislikedFor example people often try to pick bottoms with super tiny pinbars. We explain it as super tiny pinbar vs the trend. And that is enough to get the basics, but you want to then begin to think about why that is the case.Ignored
DislikedWhen we see a "wick" on a bar don't think reversal, think consumption of orders. Then think what are the strengths of those orders. If you have a weak closing bar, then the path of least resistance becomes where those orders were used up.Ignored
DislikedThe one thing is not to be confused, it's built into our chart through support/resistance and understanding PA. As you gain more exposure to charts you will see these "little things" which help pull the basics together better.Ignored
DislikedHere is a chart with just some of those basics. Again keep it simple you don't need to talk about it in a complicated way just think about things you do logically. This goes for any tool you use in trading. If it doesn't make sense in a simple logical way it's probably useless, or not being used right.
Here was a chart I had open, you can find this on any and old charts. It's simple, and its just another way to understand deeper things about our bars. And how our bars are part of a bigger story. This is when this stuff becomes fun because...Ignored
DislikedI am playing this one at the moment... took some profit already, BE and looking for some retracement to add...Ignored
DislikedHi Hector ,
glad someone like my charts
I do drop a timeframe most of the times in order to zoom things . It's visual , but let's say i like it as much as your pattern (or story) is still visible . I mean if you drop a weekly to H4 you go in a different world with all different dynamics Not that it's impossible to trade a confirmation 2 timeframes lower , but it's really visual . I just don't like to distort the overall picture too much .
Here is how i see this one :
RegardsIgnored
DislikedSupply and demand is really built into everything you do when you analyze a chart. It's about understanding a situation. Supply is sell demand is buy. That's all it means. Now its understanding that everything on our chart is just that. Previous buy and sell orders.
For example we look for the close of a pinbar to be within the prior bar. THere is a reason for this. It shows who is in control more. Now that doesn't mean any bar that closes within the other bar is a reversal. It's just another thing to gauge the strength or nature of the...Ignored
DislikedThank you but i was after a hint as to why there are no buy orders left in this particular move. What is it about these bars or this move that indicates to us that there are no buy orders left and price could drop quickly.... i see there are more answers and a link so i'll investigate those....
cheersIgnored
QuoteDislikedthis weeks
DislikedHey PB,
I would just like to get your thinking behind these charts.
On my charts AUDJPY has broken the TL.Ignored
DislikedWould like to see a pullback and retest of 0.99073 for a possible entry move down.Ignored
DislikedMike
Hello
The pair gbp/dad has pinbar
Can I trade it
Sorry for my bad EnglishIgnored
DislikedMike,
Did you consider taking this trade ?
Broke BRN 1.45 and multiple bars. But I don't see easily identifiable targets and also the close was weak
Also Trade is going into big bullish bars.
Comments ?Ignored
DislikedHey C
That is a pretty easy pass for me. Mostly cause just how sideways things are. We would be looking at mostly just a bar at a BRN. i was watching for a breakout from the daily chart but never got a strong enough close
Best
MikeIgnored
DislikedYou did not take this trade since the bar close was not above 1.45 convincingly.Ignored