DislikedWhat do you guys think about these pinbars on EURAUD and NZDUSD? {image} {image}Ignored
If not up, then down, otherwise sideways :-)
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedWhat do you guys think about these pinbars on EURAUD and NZDUSD? {image} {image}Ignored
DislikedI'm also in USDTRY, but these pins that are rejected from nothing bother me. But it realy beautiful, I agree. I'll be watching the left eye to hold. MIke please tell us whats your opinion?Ignored
Disliked{quote} Can you please tell what do you mean by "I'll be watching the left eye to hold" ?Ignored
DislikedThanks for the nice explanation. I am going to target 2.59 (EURTRY). Its so easy to do this while demoing. But when its real money, there is super pressure.Ignored
Disliked{quote} Hi, you can start trading only small positions (mini lots, micro lots) and when youŽll get used to that (pressure, real conditions or whatever), you can increase your position size a little and this way youŽll eventually reach your desired position size. Just my 2 cents MavIgnored
DislikedI'm also in USDTRY, but these pins that are rejected from nothing bother me. But it realy beautiful, I agree. I'll be watching the left eye to hold. MIke please tell us whats your opinion?Ignored
Disliked{quote} Fantastic bud I am doing the exact same thing. Greatly reduces our risk but maintains the trade Eur/try had more confluence but usd/try more space. Guess right now I picked the wrong one, lets see what happens Best MikeIgnored
Disliked{quote} Like EUR/AUD pin, coz it was rejected off BRN and previous swing high. But was tempted with USD/TRY pin instead, and would like a little bit longer nose. But EUR/AUD much better progress though at least for nowIgnored
DislikedHi folks, This is an awesome thread thanks to james16 for offering gems on how to read the chart. I did some quick and dirty backtests and it seems the higher timeframes (daily) are more reliable especially regarding outside/double bars. I use MT5 which has 12/8/6 hour charts and these seem to throw up a lot of outside bars. This seems to be due to one of them covering the busy sessions and the other the quieter session. They also seem to be nonstandard timeframes? Not sure if this matters?Ignored
Disliked{quote} Hey Bullet Welcome to the thread Generally really one timeframe isn't more reliable over the other from my experience. THe better part about the higher timeframe is usually the ability to take in the information and not have to make rash decisions. PA is pretty universal though and I think the beauty of it is that. I treat a 4hr pretty much the same as a weekly etc. I don't really aggregate to some of the lesser used timeframes like 6hours but from time to time certainly will use an 2day bar or 8hour bar etc. The MOST important thing...Ignored
DislikedHi Mike , hi everybody... after a good vacation i found a good setup on WTI Oil. Price has gone back into the box...we'll see. BTW i'm not that good at reducing risk yet. {image}Ignored