Thank you Jonas. Yes, it is plain to see. I will re-read you e-book. I really appreciate your points and things you shared.
Michal9
Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked{quote} Hi Mike, please share your thoughts how did you know it is not a retracement and one should not sell here. As it really looks like 100% classic pattern Thank you {image}Ignored
Dislikedquick question guys. am i drawing my fibs correctly and in the correct direction? should the 0% level be on the swing high when in a downtrend or should that be that 100%? basically, should the 100% be where the 0% is in the attached pic or vice versa? not quite sure which way to chart fib. {image}Ignored
DislikedI see a bullish enguling on XAU / USD. If we can go long on this trade do we have to wait till the second candle confirms the move and enter on that one. Or can we use the current candle to go long as soon as it breaks the previous high. {image}Ignored
DislikedAnybody following this....this bullish bar engulfs three bearish bars...lot of space to the left...but it moves towards major resistance and at that point one has to be careful. But I am not sure if PA works equally well with all pairs and market conditions. {image}Ignored
DislikedHey guys, here's a couple of trades I'm keeping an eye on GBPUSD bullish outside bar from a swing low {image} & USDCAD BEOB from this swing high {image}Ignored
DislikedHi All, I am looking to draw a single BRN value where I am wish to draw in MT4 chart..If you have that kind of indicator, kindly share with me.. AdhavIgnored
Disliked{quote} Is this something you are looking for? it draws a line every X pips on the round numbers. Cheers {file}Ignored
DislikedThanks Prasad. gbpusd seems to be pulling back (last 4 hours have closed bearish and the closing price looks like it is going to be below yesterday's bar high, which for me makes it less tempting to trade than if it were to close, for example, 10 pips above yesterday's bar high) usdcad as you say doesn't give much room to the FTA. Given that the SL would have to be above the resistance line, I interpret this as quite a risky trade given the need to get to B/E quickly. On reflection I'd actually feel more comfortable taking the cross pair of gbpcad....Ignored