Evening all,
Anyone looking at this?
Anyone looking at this?
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHey Pip
Technically on my feed price didn't close within the prior bar by 2 pips. It closed within the low from 2 days ago. But either way that to me is price struggling to be bullish, struggling to hang on verse the stronger down move. If this doesn't break hard this thing will go right back through that wick that it created. I would be very careful with these without more confluence to suggest a move higher
Best
MikeIgnored
DislikedHey Kenny
Check out that before chart I posted. Look at where price bounced. Your box IS correct. but the stronger confluence for me is the Rising TL right into the BRN. That box is useful in my view ONLY if price gets UNDER the TL.
I've attached the before and after again. We could be seeing an exhaustion move now though
Learning to be disciplined and flexible. Learning to be "psychologically" ok in trading is nothing more then Persistence and dedication to your business. You have to really learn your method. This comes from...Ignored
DislikedHi guys! I bought a DBLHC pattern on breakthrough on GBPUSD last tuesday but price went down. Can you explain me where my mistake was?AttachmentIgnored
DislikedHi,
DBLHC means Double bar low HIGHER close. The second bar was closed in the middle of the first one. It should looks like this:Ignored
DislikedHey Hummar! Thanks for explanations. You're right, this wasn't a DBLHC setup. Nevertheless, we can regard this setup as an "inside bar". Or not?Ignored
DislikedHi Mike,
Thank you for your explanation. I have a question though. When will you choose to use a TL and when to use a box? Do you draw both and look at the one with better confluence?
Here's another breakout chart but I have problem with the stop loss. Where should we place the stop loss? I'm planning to short when it breaks the DBL.
Happy trading
KennyIgnored
Dislikedpin bar forming at the chart i posted, close and open of pin bar away from 365 ema and ppz. confluence. is this a valid entry?Ignored
Dislikedplayed the break of these levels..............input really appreciated.......Ignored
Dislikednewbie here got a question about this chart.Since this is an important level, wasn't one of the previous green candles pbt&ca?shouldn't we look for a long at the touch/retest of that level?Ignored