Hi Phanti,
thank you for your input. It was very informative
thank you for your input. It was very informative
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedSo, in other words, it would be better to trade if the price first dropped significantly, then printed BUOB at a key level, right?Ignored
DislikedHi Mike, so I´m backtesting breakout situations this weekend and I´ve got a question. Here´s EURAUD daily chart from 2012, there´s a nice trend line. So I was looking for breakout and confirmation and I found one on H4 timeframe (marked with first green arrow). My question is: Would this BEOB be enough for you to confirm breakout (since it´s relatively small and all)? I have one more question. I marked with second arrow another BEOB. Would you still consider this bar as a confirmation of breakout trade or too much time has passed and you wouldn´t...Ignored
DislikedYou guys interested in the EURUSD weekly BEOB should check out AUDUSD weekly Weekly BEOB and break below and close LCS.Ignored
Disliked{quote} Just a heads up, weekly BEOB I mentioned above, already pulled back and 1st touch of new support turned resistence Took it on a confirmed H4 recjection of 1st touch of the break areaIgnored
DislikedHi Guys, hi Mike, i would start looking for shorts next week. What do you think? {image}Ignored
DislikedHi Mike, so I´m backtesting breakout situations this weekend and I´ve got a question. Here´s EURAUD daily chart from 2012, there´s a nice trend line. So I was looking for breakout and confirmation and I found one on H4 timeframe (marked with first green arrow). My question is: Would this BEOB be enough for you to confirm breakout (since it´s relatively small and all)? I have one more question. I marked with second arrow another BEOB. Would you still consider this bar as a confirmation of breakout trade or too much time has passed and you wouldn´t...Ignored
DislikedHi all Do you have someone indicators showing the divergence? Thanks Darek.Ignored
Disliked{quote} Yep Have a look at Mike's posts regarding traffic vs space. At the latest, it's advised to adapt trade management to the traffic its heading into. Continuation bars can be played as well. They are told to be trickier and to require a strongly story supporting them. Take careIgnored
Disliked{quote} Thanks... a quick one... when you say: "adapt trade management to the traffic its heading into" do you mean deciding where to take profits, e.g. at the trouble area, e.g. for a full position vs. scaling out, etc? Or you meant something else by "trade management"? Or other question... where can I learn more about "traffic"?Ignored