Dislikedhello i got excited about this pinbar!, but it didnt break and was invalidated.
theres another one forming now.. but i think i will just stay way from it and just watch itIgnored
Best
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedhello i got excited about this pinbar!, but it didnt break and was invalidated.
theres another one forming now.. but i think i will just stay way from it and just watch itIgnored
DislikedTry to ask mike, he's one of the most kind person to explain all of the chart things you need. Also his explanation is very clear for me. The lesson he gave, makes me more thorough on my chart to see what happens next. And just two days ago i made a recomendation a sell setup on the gold chart. And the whole staff on my office (futures company) look at me with their silly face and said about indicators bla bla and bla. I think they all go home with their clients yelling at them nowIgnored
DislikedHey CA
Your PPZs are marked very well> I am not sure why you sold where you did on your chart. Were you looking to trade the pinbar? Why not sell below the pinbar low? then look for the PPZ to break and hold(it pierced right through)
Best
MikeIgnored
DislikedHi, all! What will you think about this?
P.S. Mike, I'm reading this post since this month and this thread is great! I have a couple of questions, where is Jim? And others who where very active at the start of this thread? And is this method as actual as it was? Thanks!Ignored
DislikedThank you most kindly. Just noticed your blog, and currently having a read, seems interesting.
DanIgnored
DislikedSorry for a noob question, but where do i get pivot point indicator? How do we use that pivot point?Ignored
DislikedHi ghous, had a read of your blog like I said. I notice your method seems similar to Jarroo's, except you use highs/lows as opposed to close, hence your LLS and HHR as opposed to Jarroo's LCS (lowest close of support) and HCR (highest close of resistance). Just wondering why the difference and your thinking behind this? Just trying to understand the reasoning behind these different methods/price action set-ups. Many thanks
DanIgnored
DislikedHy Mike,
EURAUD...possible monthly evening star
4 Hour looks good for entry.
I think we must have a close below 1.2966, the close of the week before...
What`s youre meaning?Ignored
DislikedHi all,
For the last week I've been reading this thread mostly, aswell as watching the charts to see if I could spot something.
Then I came around the GBP/AUD, where I saw price failing to test 1.5 BRN, while printed a buob (with a lower low that shows convergence with MAC/d).
http://s7.postimage.org/81u4j5c0b/GA_Buob_15_2_13.png
So I wondered, has any of you stumbled on this setup?
If so, please share with me your insight on the setup.
Kind regards,
Donaciello.Ignored
DislikedHey Dan,
To start off, I dont exactly trade like jarroo. Once price breaks through his levels, the most basic entry of his method looks to catch a breakout. On the other hand I am looking to fade swing points or easily put I am looking for reversals at swing points exclusively.
Secondly, jarroo looks at highs and lows as well, just that he considers bar closes to be important also and has devised a method to take entries of these closes. My method has a lot to do with price cascading into stops which are generally stacked beyond highs and lows...Ignored
DislikedHi Mike/anyone,
You don't see me here to often, usually watching from the sidelines, but today I got a question :-)
GBP/USD D1
I personally have never paid too much attention to lows/highs, just to closes...
Why do you consider these lows important? If I get to understand their "mechanic" it will be easier for me to focus on them and psychology behind them.
Thanks,
Fil.Ignored
DislikedHi, all! What will you think about this?
P.S. Mike, I'm reading this post since this month and this thread is great! I have a couple of questions, where is Jim? And others who where very active at the start of this thread? And is this method as actual as it was? Thanks!Ignored
DislikedHey Jack
I speak with Jim about everyday , he is around but was very busy with his real estate this past year. He is now in the final stages of building our new site and when it is launched he will be back at it once again. Not far from now
Best
MikeIgnored
DislikedHey 2+2
I wouldn't jump to far to look at a monthly perspective then try to enter on the 4hr. The disconnect b/w the two timeframes is very big and can lead to a lot of issues in my view. For the breakout pattern is already done(the one i showed). Because price came to the base point of the pattern I would now start to redraw my lines to get a view of now what price is doing
Like so
Best
MikeIgnored