Dislikedmeh... maybe 50% of the time. It can also mislead you the other 50% of the times you use it.Ignored
may cause errors also with the rules of jim?
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedmeh... maybe 50% of the time. It can also mislead you the other 50% of the times you use it.Ignored
DislikedIm in a trade right now on usdchf hoping the price to get to 1.1741 before it goes down, seeing your charts make me think that i might be wrong, that trendline scares me a bit
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Dislikedjust a small correction:
it's a regular bearish div, not hidden div.
novice198 said it, but u did not 'copy-paste' correctlyIgnored
Dislikeddivergence is a very strong indication that price will retrace...it doesnt tell you when it will retrace or how far...but thats what price aciton and PPZ's are for!
UCHF 1HR with RSI (6) is a classic textbook example of divergence.
It is a useful additional confluence tool when taking trades against the trend i.e. PA @ swing high etc + divergence etc.Ignored
Dislikedin fairness to him (lovejoy80), that BEOB has not broken, so technically there was no trade.
also, he marked a PPZ (1.1590ish) which price was heading into.
if anyone would take it short/sell, it's better to place an order below that PPZ (to avoid a 'hump/mini-roadblock in the road')
divergence does not necessarily entail a reversal. sometimes, it just means 'temporary decrease in trend strength'
in this $chf chart, uptrend is strong. since the BEOB did not break, & price in fact went above the BEOB, this tells us up trend is still in play....Ignored
Dislikedin fairness to him (lovejoy80), that BEOB has not broken, so technically there was no trade.
also, he marked a PPZ (1.1590ish) which price was heading into.
if anyone would take it short/sell, it's better to place an order below that PPZ (to avoid a 'hump/mini-roadblock in the road')
divergence does not necessarily entail a reversal. sometimes, it just means 'temporary decrease in trend strength'
in this $chf chart, uptrend is strong. since the BEOB did not break, & price in fact went above the BEOB, this tells us up trend is still...Ignored
DislikedThis looks good to me,
No RN but strong downtrend and nice looking BEOB engulfing 11 bars.
GBP news in 15 minutes though, I have an order but I'll be careful hereIgnored
DislikedSC, not necessarily comment on these facial expression, just was kidding,no offence thereIgnored