USDPLN Long
pinbar, trendline, support
GBPUSD Short
pinbar, trendline, resistance
pinbar, trendline, support
GBPUSD Short
pinbar, trendline, resistance
Patience is key.
Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked{quote} Hi D, There is no "correct" way of trading this or any other pattern. The safest way.....Ignored
DislikedI know this is too gump for most of ya but it's just that easy. There are many hereabouts who either do not know how to recognize a trend, or refuse to recognize a trend but most folks would rather have other folks think they are smart than to make $$$. Trading with the trend doesn't challenge them sufficiently, so they do something else. Of course they lose. Most people learn too much. You just need a couple of things you have faith in, and the guts to use them. If you cant enter a trade after you just had a losing trade on the same signal, you...Ignored
Disliked{quote} Practise, practise, practise. Through countless times of seeing set-ups and placing your stops and not "fearing" that if your stop loss is hit, it's not the end of the world. Fine tuning your set-ups (which develops over time) high probability trades will look joyful instead of fearful. Best analogy I can make is the 1st year doctor that faints at the sight of blood and then (over time) becomes a 1st class surgeon. Just some thoughts. JimIgnored
DislikedHello traders. I have a question for trend line specialists and fans of the ouvre. Is this trend line drawn the best way for the situation, and does it meet basic TL criteria? I'm interested in your thoughts, not googles. Chart below. Many thanks, GB. {image} GBD/USD D1 PB. 2 orders set for retrace of bar. Saw the H4 PB forming and was all over it, but over exposed on other trades so didn't pull the trigger. Bearish close here under 1.55000 and a key level with trend gives me enough probability and confluence. {image}Ignored
Dislikedand i see that nice little pinbar gapped down what tells me of possible larger further downmove {image}Ignored
Disliked{quote} Hey Lamira I got a lot of emails about this one today. I don't feel we have enough info to short here. This pinbar is in a lot of traffic coming off a stronger bullish move. These can reverse very quick Best MikeIgnored
Disliked{quote} Hey Lamira I got a lot of emails about this one today. I don't feel we have enough info to short here. This pinbar is in a lot of traffic coming off a stronger bullish move. These can reverse very quick Best MikeIgnored
Disliked{quote} Adding to Mike's post. When a pinbar forms , wait till the right eye is formed and then breaks. If it breaks right after the PB forms before the right eye is formed , its just a pullback into the current trend. So you will go against the trend and most likely to lose. GBP/USD Daily Pin is fine example of this.Ignored
Disliked{quote} this is a 5min chart but in volatile markets I like all timeframes. It's a good example of what Z is saying Price forms a fantastic pin at a fantastic location. Then price pulls back to the left eye HOLDS creates the right eye THEN breaks down. Much stronger indication of sellers intentions. when it breaks down first like gbp/usd especially during off times it's much more suspicious with a pinbar that is so-so. A strong bar it won't matter(meaning much stronger confluence) Best Mike {image}Ignored
Disliked{quote} this is a 5min chart but in volatile markets I like all timeframes. It's a good example of what Z is saying Price forms a fantastic pin at a fantastic location. Then price pulls back to the left eye HOLDS creates the right eye THEN breaks down. Much stronger indication of sellers intentions. when it breaks down first like gbp/usd especially during off times it's much more suspicious with a pinbar that is so-so. A strong bar it won't matter(meaning much stronger confluence) Best Mike {image}Ignored
Disliked{quote} yes, that's true, only reason i took it it because that pin in line with resent short term down-move . im planning to exit trade when ill see well form reversal PA on 1h, 4h, or daily chartIgnored
Disliked{quote} I'm not a TL specialist by any means, but I prefer much more defined swing points when drawing TL's. I think the GBPUSD is a really good example of this right now (Chart), at least how I like to see them. I honestly don't see a very clean downward TL on GJ right now. But.....they can be very subjective. {image}Ignored
DislikedHello traders. I have a question for trend line specialists and fans of the ouvre. Is this trend line drawn the best way for the situation, and does it meet basic TL criteria? I'm interested in your thoughts, not googles. Chart below. Many thanks, GB. {image} GBD/USD D1 PB. 2 orders set for retrace of bar. Saw the H4 PB forming and was all over it, but over exposed on other trades so didn't pull the trigger. Bearish close here under 1.55000 and a key level with trend gives me enough probability and confluence. {image}Ignored