theres still a couple of hours to go untill the bar closes for me also.
jon
PATIENCE... DISCIPLINE
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedhi, could you post a chart, i dont get a BEOB on my feeds.
theres still a couple of hours to go untill the bar closes for me also.
jonIgnored
DislikedDon'y be fooled by the apparent 4H pin here. 6600 has been Strong resistance and I think it will ow be good support.
I'm long and at BE+ nowIgnored
Dislikedhi albchr, dont you like the fact that if it breaks, it breaks the round no. also?? would appreciate your views? i think it is a strong level also and has held up even with the bad numbers?
jonIgnored
QuoteDislikedDon't be fooled by the apparent 4H pin here. 6600 has been Strong resistance and I think it will ow be good support.
Dislikedmbqb11,
Glad i made a correct/good summary Sir.
kk007,
i have come across this topic before.
Thanks for sharing & creating a thread on it.Ignored
QuoteDislikedNot blind entries this time. Support becomes resistence with a good pinbar or gravestone doji in 15 min. Also my principal entry was the defective hanging man+second candle.
QuoteDislikedSome of em'.
Disliked"If" it breaks then yes. I've been playing this pair's range (6200 - 6600) for the last 2 weeks both up and down and making a killing. I've actually been expecting this to break above 6600 because if you look at the past 2 weeks, every retreat from a high has happened pretty quickly. On open this week there was a small retreat and then back up. This "indicates" to me the sellers are loosing interest. I expect a retest of 6600ish and will let PA tell me from there.
Of course all of this is only my opinion and I play a fairly dangerous game...Ignored
Dislikedalbchr,
this is your view because u have been long this pair. hehe
what is the MT4 broker used here by the way?
1.6600 may or may not hold..
if u look at your 2 charts, the H4 PB has formed in just 3hours. the long nose says a lot about the (initial) rejection above.
another alternative view is that this "range breakout" above 1.66 could possibly be a false one, & may take price immediately back in the range (to +/- 1.65) or perhaps even (break) below the range.Ignored
QuoteDislikedThanks supremeChaos,
What do you think a maximum achievable Profit Factor for a professional trader? Is 3 achievable?
cheers,
QuoteDislikedthis looks good. 4h BEOB on th gb/cad. for me great location ans pleny of space.