DislikedNice beob formed at swing high. 4 hr chart shows a nice pinbar {image}Ignored
Cheers,
Stephen
It's all psychology...
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedNice beob formed at swing high. 4 hr chart shows a nice pinbar {image}Ignored
Disliked{quote} thanks pinbar i think i now know that i should not ignore HCR's or LCS's even when they seem to be far away. mike& pinbar,could this pattern have been in play also. PS: pinbar i sent you a PM concerning another topic would be eagerly awaiting your reply. thanks you guys are great. AL {image}Ignored
Disliked{quote} hey mike, i'm a little confused about it lacking confluence cos i see a weekly ppz or do i have my ppz wrong?? and what about the round number? thanks a lot in advance. AL {image} {image}Ignored
DislikedWhy this 2 day BUOB from last Thursday didn't work? I didn't take the trade because of the FTA which was right at the break of the BUOB but I expected to go up (a falling wedge means price will go up, right?) {image}Ignored
Disliked{quote} I have closed this one with +7R profit, after one of the bars closed above the BAT on the 4H chart. Mike, if you don't mind, I have another question You can see on my second chart, that the 4H bar closed above the BAT, but then the next bar shot down again. Now I am trying to learn from it... If I had been placing my stop just above the high off the breaking bar....I would still be in this trade. Do you exit your trades right away when a bar closes above the BAT? or you wait for a break of the high of the breaking bar? What do...Ignored
DislikedCan a break of this beob be taken as a valid entry? Comments please {image}Ignored
Disliked{quote} You can't learn to trade PA on H1, it just does not happen. I am not saying you can't trade PA on H1 or even lower, I am saying you can't learn to trade PA on that time frame. Too much noise and you are not aware of the bigger picture. For a start, was that BUEOB at a swing low, where we want to see bullish PA? Why buy at high price, when you can buy at lower price and sell it for a higher price and visa vie? Do yourself a favor and read Post 1.Ignored
DislikedHi Guys, What are peoples thoughts on this one? BUEB sitting on the 1.7000 VBRN (although would like it a bit lower?) It's been tested quite a few times, but not since 2010. It's engulfing 2 bars. Seems to be divergence (not very familiar with this as yet) but if correct adds confluence. With the recent trend. Possible buy limit close to the 23.6 fib (sitting right on there perfectly) or at the break of the BUEB for a more conservative approach? {image}Ignored
DislikedHi Guys, What are peoples thoughts on this one? BUEB sitting on the 1.7000 VBRN (although would like it a bit lower?) It's been tested quite a few times, but not since 2010. It's engulfing 2 bars. Seems to be divergence (not very familiar with this as yet) but if correct adds confluence. With the recent trend. Possible buy limit close to the 23.6 fib (sitting right on there perfectly) or at the break of the BUEB for a more conservative approach? {image}Ignored