DislikedGuys, what do you think of this daily pivots indi? {image} {image} {image} Seems accurate, but in the end, the price seems to go through itIgnored
Keeping it Simple
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedGuys, what do you think of this daily pivots indi? {image} {image} {image} Seems accurate, but in the end, the price seems to go through itIgnored
Disliked{quote} Hey Mordin, I think this is an indicator you can do without, and if you can't, you know you need some practive drawing PPZ's. I've used the same indicator years back (or it looks freaky much like it), but there's nothing like manually drawn analysis. Thing is, you need to have confidence in your story. Do you trust your indi better for drawing PPZ's or yourself. The answer to the above should be yourself, and if not, you have some learning to do. Free yourself from the clutter.Ignored
Disliked{quote} http://www.forexfactory.com/attachme...1&d=1430579664 TOTAL TRADES 291 PROFIT TRADES 266 LOSS TRADES 25 PROFIT FACTOR 31.21 MAXIMAL DRAWDOWN 3.71% TOTAL PROFIT 11127821.21 I did not claim that I am as good as james16 even not 1% of his success but in Forex any thing can be possible.Ignored
Disliked{quote} Donaciello, thank you very much for all your help. You're right. I already said it, but in all aspects of my life I lack of confidence and that affects my trading too, I'm always unsure of the PPZs I find. Wellard you are also right, I have to learn to spot S/R zones. Do you have any tips? I always see like too many PPZs, is like I don't know how to better filter.Ignored
DislikedGBPJPY +75 pips. TP3 BE. {image} Not doing very well on GBPCAD {image}Ignored
DislikedIf we have a clear close below the trend line and the big pin on 4h chart, we could continue to 1080. {image} {image}Ignored
Disliked{quote} You're very welcome! As for the PPZ's, but the same goes for all of the other stuff here, really; Start with the easy ones. The really obvious PPZ's multiple touches to both sides, multiple times being respected, etc. It may be an idea to start drawing PPZ's, and try to find out if they happen to have confluence with some of the other elements later (RN's, fibs, TL's) Staying with the basics and the no-brainers is the way to go in the beginning I think. You need to develop a keen eye for what the really strong setup's look like first. Get...Ignored
Disliked{quote} If you don't mind my critique: GBPJPY: this PB is very small relative to the previous (BEOB off rising TL) bar, watch out with these. The wick of the pin also doesn't point away from the recent action very much. I see the wick of a few bars back has about the same low as the PB, this leads me to believe that the PB wasn't very strong. Good to see you take profit close, instead of holding on for a runner or something, well done! GBPCAD: Virtually the same story here, where a BUOB without much follow-up, a few bars back, serviced the exact...Ignored
DislikedGBPJPY +75 pips. TP3 BE. {image} Not doing very well on GBPCAD {image}Ignored
Disliked{quote} When drawing trendlines, there should be more than just 2 points touching the line or you'll have trendlines everywhere :-) Notice the one I drew compared to your trendline. According to mine, you might have even shorted on the test of the trendline from the bottom. Easy to say hind-sight I know & I don't take them that way on an angled line but more importantly is the # of touches. Just my opinion, could be completely wrong. {image}Ignored
Disliked{quote} Guitarbloke, thanks for your chart. I don't fully understand your entry, could you explain? I don't see a reason to go long, but neither to go short, and it seems that it is going south. I've seen today many BUOB on EUR/*** and GBP/*** H4 pairs, but were sitting right above a support, and didn't want to take them. But I'm not sure, because just some candles before, there were BUOBs above support, and they went down through it. Maybe is fear? Guitarbloke, are you still considering to join the private group? I'm considering it too, I want...Ignored
Disliked{quote} When drawing trendlines, there should be more than just 2 points touching the line or you'll have trendlines everywhere :-) Notice the one I drew compared to your trendline. According to mine, you might have even shorted on the test of the trendline from the bottom. Easy to say hind-sight I know & I don't take them that way on an angled line but more importantly is the # of touches. Just my opinion, could be completely wrong. {image}Ignored
Disliked{quote} Hey Mordin. How are ya? AUD/NZD D1 (chart below) entry is on BEOVB 7 bars back, plus another bearish outside bar 9 bars back, at swing high rejecting 1.8000 BRN. The set-ups should ideally stick out and away from surrounding price action like a sore thumb, but I concluded there was enough confluence and bearish PA to take the trade. Hope that makes a little sense. Yes, I'm considering joining the private forum. I like the idea of weekly video instruction as I learn best through the visual and seeing someone do it. Another thing I like is...Ignored
DislikedHi All, Price rejected at earlier support, IB is key to enter the Long entry... Will see the result. . Adhav {image}Ignored
DislikedWhy this pinbar failed? I thought it was a good PPZ. Seems the good one could be just above. I took it and ended with a loss {image} Thanks!Ignored
DislikedWhy this pinbar failed? I thought it was a good PPZ. Seems the good one could be just above. I took it and ended with a loss {image} Thanks!Ignored