DislikedThanks Nathan. I am going to try to get something out of every chart posted this year and I value your perspective.
K.I.S.S.Ignored
Nathan
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedThanks Nathan. I am going to try to get something out of every chart posted this year and I value your perspective.
K.I.S.S.Ignored
DislikedMaybe you shouldn't ........ha ha. Stopped out about ten minutes ago which gaurantees a huge move to the upside any moment.
NathanIgnored
DislikedI was going to post a chart but that's a tough pair to get a handle on for me right now. I'll trade on short TF's with great set ups but the PPZ's on this area are wide and in some instances not very defined. My gut says to trade it short when I can just because of the trend and GBP weakness.
K.I.S.S.Ignored
DislikedI keep hearing talk of PPZ but I dont know what it means. Can someone elaborate?Ignored
Dislikedyes dmc i've been told that .. about this trade youre right i didnt pay atteniton that the BUOB didnt close higher than 132 and it could ran into resistance. Am i right? I mean this is why you didnt take the trade right?Ignored
DislikedMy thing is this, there is nothing wrong with this trade if you took it, the result of it proves that....Ignored
DislikedHalf position closed, 50 pip trailing stop applied to remainder of position.Ignored
Dislikedme again I have a noob question about the EMA. I saw that james16 also uses EMA (150 and 365) in some of his videos and i would like to know why is it important? what happens when the price reaches the EMA? I never used EMA as an indicator so i dont know much about it ...Ignored
DislikedIf you throw a 150ema, and/or a 365ema on your charts, you will see how those ema's tend to act as support/resistance areas (ppz's), regardless of the time frame. I see this most commonly on the 1hr charts (correct me if I'm wrong on this), although it is a very solid piece of a data to add to your charts to add confluence to a PA bar pattern.Ignored
DislikedNathan Re the gbp/chf trade.It looks as though you were looking at the
1 hr TF which shows a possible breakout to the upside which immediately turned into a bearish pin.If you go out to the weekly TF the chart shows a
downtrend for quite a while.Its a very clean chart hitting several s/r on the way down.Even a few mbqb 11 type multiple bar breakdowns.
The current activity showa a rebound high of 1.8087 to a low of 1.6115
a difference of 1972 pips.Taking that diferrence from the current high of
1.7108 which is also within a double top you get a...Ignored
Dislikedwoow this is incredible i tested it immidiately on EU and i couldnt belive my eyes ... it really does work as s/r areas
i attached a screenshot ( i already had the s/r areas drawn and it seems to fit perfectly with them )
AttachmentIgnored