DislikedI'll be shorting it Monday due to the dollar index COT report, US is coming off extremes.Ignored
I'm long since Friday, just +30 pips so far... (EURUSD)
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI'll be shorting it Monday due to the dollar index COT report, US is coming off extremes.Ignored
DislikedThanks for this thread. I am very new to this thread & forex. The 1st pg of this thread started w/ charts. Where would I go to see the actual set-up?
Thnx, SidIgnored
DislikedI've started doing that already. And I'm overwhelmed by the knowledge & the technical tools utilized in this FF forum. I'm addicted enough to forex to keep plugging away.
SidIgnored
DislikedI took this trade, currently in it....i had a pullback bias on cad.jpy and this helped confirm my bias and intiate a trade. Target around 111.35 so long as 111.65 gives away.
thanks james16!Ignored
DislikedI took this trade, currently in it....i had a pullback bias on cad.jpy and this helped confirm my bias and intiate a trade. Target around 111.35 so long as 111.65 gives away.
thanks james16!Ignored
DislikedHi all,
does a BEOB have to close lower than the previous bar or just close lower than the close, I know the bar has to encompass the earlier bar, but Im not sure about the close...thanksIgnored
Dislikedyeah for a good beob we want the close to be lower then previous bars low as well.Ignored
DislikedThat's not a DBHLC - it's an IB4.
You could play it either long or short on the break.
I personally don't trade with targets but the ones you mention appear valid enough.Ignored
Dislikedif all you new guys will just do the following for the next 3 to 6 months then i can promise you something. you will be glad you did. forget about all the confusing different indicators, approaches and systems and do something very simple.
for the next several months just demo daily and weekly pin bars. nothing else.Ignored
Dislikedif all you new guys will just do the following for the next 3 to 6 months then i can promise you something. you will be glad you did. forget about all the confusing different indicators, approaches and systems and do something very simple.
for the next several months just demo daily and weekly pin bars. nothing else.
you will gain confidence instead of blowing your brain and account out trying to learn and do something different every other day. get your feet on the ground and then move into more complicated areas. its a process that takes practice and some time. the road to even a slowly growing account is littered with broken dreams, savings accounts, marriages, retirenment accounts and yes even lives. it happens because people do crazy things when they start out in this business. things they would never do in any other area of thier life.
couple of chartsIgnored
DislikedCan you clarify the definition of a PIN bar?
I think that for a bearish pin, the open & close need to be in the bottom third (or half) of the bar & the high needs to be above the previous bar high. Are there any other requirements?
ThanksIgnored
DislikedHi James,
I have been through the thread once and am recapping a few areas at the moment.
This might seem like a silly question but can I just ask when you say use daily and weekly charts as these are much more consistant where PA is concerned, is this the only reason for using these longer TF’s ?
I realise obviously things move more quickly on the shorter timeframes and less pips are expected. But just wondered if there were more reasons ???
Stay Lucky.
Mimas.Ignored
DislikedThe larger the timeframe the stronger the signals. A pinbar on the weekly is stronger then a pinbar on the daily and all the way down. Another reason is noise. Trading intraday 15 min charts, a lot of what you are seeing is plan old noise, and people just get chopped to death. The smaller the time frame the more people tend to overtrade. Overtrading = blowing up for so many people. Larger timeframes are less stressful, less time consuming, and produce lots of pips!
Unfortunatley many people are drawn to forex b/c of the high leverage and their gambling sides come out. People believe that you always need to be in the market, so they pull up that 15 min timeframe and just trade themselves into a hole.
Hope that clears it up a bit, James is one smart JACKED dude
MikeIgnored