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Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked{quote} How to know the down move was a "massive fakeout" when it happens? Or don't you and label it like a "massive fakeout" after the up move? thanks, FPIgnored
Disliked{quote} Hey Ken, Yes exactly, the fake out occurs when support fails to become resistance on the pull back and flips back to support when price makes its way back up (and vice versa too). Just like you can combine multiple bars to form a pin bar or an outside bar, likewise you can combine multiple bars to create your fake out too. g.Ignored
DislikedI think the retracement is over and the uptrend might resume now. N {image}Ignored
Disliked{quote}Watch yourself on this, its more of a potential right shoulder then off a nice ppz. It's also technically still a bullish bar without much space below before price runs into structure, such as you indicate with your lower red line. If I traded this, I'd be taking quick profit.Ignored
DislikedHello Guys! What do you think about gbp/cad? Is it good possibility? I doubt that will be trade into traffic. Cheers D {image}Ignored
Disliked{quote} I'll be taking this one if it doesn gap too much to the downside. It's beautiful pin bar at strong PPZ and strong confluence of BRN 1.8500 and Divergence. It's also double top. There is minor S/R at 1.8350 but first significant level is 1.8225 and I think there is good change of price getting to next BRN of 1.8000. {image}Ignored
QuoteDislikedspotting these price action set ups at double or triple bottoms/tops and finding divergence with cci,macd,stoch,rsi etc is about as sure a money making set up as your going to find in this business if your a chart trader. spend some screen time and go look to confirm. a strong case can be made to just be patient and trade nothing but these set ups. they are not rare and can give any new or struggling trader a very good chance of success if they learn to use good MM/risk perameters and follow my mantra of treating it as a business. This is a very large thread with a ton of great posts by a lot of great people but trust me when i say this. If you will take this one post seriously it might be the single most "valuable" one in the thread.
Disliked{quote} I'll be taking this one if it doesn gap too much to the downside. It's beautiful pin bar at strong PPZ and strong confluence of BRN 1.8500 and Divergence. It's also double top. There is minor S/R at 1.8350 but first significant level is 1.8225 and I think there is good change of price getting to next BRN of 1.8000. {image}Ignored
Dislikedsir,, plz for usdcad and euraud ? can u plz give idea they are going up or not? as i got long in both 3nxIgnored
One thing that is telling me to not take this trade is - trend. On d1 and w1 there is an up trend.
Please share your point of view about my perspective