Disliked{quote} Hi REED,I'm a newbie here!Can u explain me what ''BEOEB'' means?Thanks!Ignored
Here is a chart on the main PA bars.
Hope this helps
Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked{quote} Hi REED,I'm a newbie here!Can u explain me what ''BEOEB'' means?Thanks!Ignored
Disliked{quote} Its actually called a BEOB (Bearish Engulfing Outside Bar). BUEOB is a (Bullish Engulfing Outside Bar) Here is a chart on the main PA bars. Hope this helps {image}Ignored
Disliked{quote} sure dude I took the aud/jpy breakout Here were my charts from the PF at breakeven nowIgnored
Disliked{quote} Anyway, as a general rule I look for good PA to come into predefined confluence. For me, if there's no good PA, there's no trade. In that setup, there was no good PA and I didn't trade it! The curiosity had me going as to how others viewed that type of thing. I hope they did what all 3 of us who responded did: stayed out.Ignored
Disliked{quote} You were asking about other traders opinions. I was sleeping at that time so have already had great answers and already learned the lesson. But I would still like to answer your original question on my own way. {image} {image} {image}Ignored
Disliked{quote} sure dude I took the aud/jpy breakout Here were my charts from the PF at breakeven now {image} {image}Ignored
DislikedHello, everybody. I wanted to ask you one thing, if you enter into a transaction on the daily chart, you will pay attention to the lower time-frames? Sorry for my English. Google Translated.Ignored
Disliked{quote} sure dude I took the aud/jpy breakout Here were my charts from the PF at breakeven now {image} {image}Ignored
Disliked{quote} good to see the markets moving again take profit hit patience is the name of the game {image}Ignored
Disliked{quote} Mike can I ask why did you take profit here ? Did you take it because of the small gap on daily ? I took that trade too but my target is somewhere around 87 based on projection.Ignored
Disliked{quote} On AUD JPY daily chart do you think it's ok to blend the previous 5 bars with the other previous 5 bars? There's something I started to do in order to find more opportunities to trade. When I see a breakout I start to look to blendle previous bars to see if I get an outside bar. I saw some examples in which you blendle the previous 2 bars with the previous 2 bars but can I do this for more than 2 bars? Thanks in advance.Ignored
Disliked{quote} Hey Martin Yep I took it because of the gap, was my plan the whole time. Projection is valid too and your risk would be small to nothing at this point so nothing wrong with that. Just a nice healthy % gain for me at a logical area we may see a bounce. Best MikeIgnored
DislikedHey Mike! Its been a while Have not been trading much myself and got out of touch with it and the concepts learnt over at the PF while I was there. Just getting back into it now and wanted to get your opinion on this chart ive been watching for a few days. I wont go into all the details of the chart since you will know what im looking at but ive made a few markings on the chart. The pattern however is a little large for a 1hr TF but a little too small on the 4H. I remember a bit about what you said over in the PF about pattern size (which webinars...Ignored
DislikedEvening everyone, I'm a little early with these but I won't get a chance to post later and wanted opinions on these charts if you wouldn't mind? Couple of charts I'm looking at. Mike, I asked you earlier about CHFJPY - you said it didn't look like it had retested the trend line. What do you think now? Rejected with a BUOB. I'm put off a little because the past few days price kind of slouched around the trend line and the BUOB isn't that big. Thoughts? And a very similar situation in GOLD. Again slow price and maybe not too much space to work with...Ignored