DislikedHere's a daily setup on audcad.
1. two day pinbar (which broke)
2. 50.0% retracement
3. resistance
4. first touch after crossing the the 150ema (I think James says these are powerful?)Ignored
Best
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHere's a daily setup on audcad.
1. two day pinbar (which broke)
2. 50.0% retracement
3. resistance
4. first touch after crossing the the 150ema (I think James says these are powerful?)Ignored
DislikedThe main issue I have with this is that you are trading right into the 9000 round number. If this could have close under that rd number it could be a whole different trade. Check out the weekly how strong of a PPZ area this is
Best
MikeIgnored
DislikedFirst. I think I recognize the typing style on that Chart.
Second. I would Love to have taken Every One of those Trades.
Stop Levels are a very personal thing but if you had simply placed your SL at the Opposite end of the Signal Bar or even the Trigger Bar, you wouldn't have been Stopped out of any of these Trades until you were nicely in Profit.Ignored
DislikedHi Bemac; I'm still a bit cloudy on the difference between a signal bar and a trigger bar.. could you explain or show an illustration?
Many thanks,
eIgnored
DislikedI should actually ask Mike to explain this but my description was intended as;
Signal Bar: The Pin Bar.
Trigger Bar: The bar that confirmed/broke beyond the Pin Bar.
Mike?Ignored
Dislikedhi, jarroo, i am just wondering this, bullish pinbar, for instance, is supposed to be at swing low, in order for it to be qualified as a long setup; when the bullish looking pinbar is located at swing high, it is not at the proper location, however, it turns out to be an IPB, so, you got a short setup, isn't it ?
i got a pic of type of fish,which could be as huge as 45kg per head, retailing price in China is about USD2.00/kg. this fish is an invador and causes ecological damage in your country. if I could get license to US, I would...Ignored
DislikedJust bored and taking this on demo.
It is one of jarroo's favorite BEOB hybrid PB.Ignored
DislikedI should actually ask Mike to explain this but my description was intended as;
Signal Bar: The Pin Bar.
Trigger Bar: The bar that confirmed/broke beyond the Pin Bar.
Mike?Ignored
DislikedHey C
No it will only be to the side of the potential breakout. There really is only going to be one logical place to buy or sell either above the highs, or below the lows.
here are some more posts
http://www.forexfactory.com/showthre...06#post3836606
http://www.forexfactory.com/showthre...02#post3838802
Best
MikeIgnored
DislikedPossible stop loss placements in black.
Below the bar that breaks.
Below the Daily PPZ, 125.25.
Below the PB.Ignored
DislikedJust bored and taking this on demo.
It is one of jarroo's favorite BEOB hybrid PB.Ignored
DislikedThanks Jarroo, yes, I see your point.
I am waiting patiently for a setup and just plotting the possibilities & staying dug in my trench till the prey shows its head.
If I am missing anything, please shout.Ignored
DislikedJust my opinion Jaroo. The PB is not that big. Would have been better to have pierced 1.3500, lot of sideways action to the left.Ignored
DislikedThank you Mike. Makes sense. I understand the potential trade opportunity at multiple bar low/high either in a row or spread out.
I still have to understand reason for potenital bias. But Mike, I am ok now. currently my focus is only on pin bars.. basic stuff. When I get to this, I will bug you again..Ignored
DislikedGood points fxben. Not an A+ for sure. But it is on top of a consolidation area and with the trend.
Anything else?Ignored
DislikedNothing else that really springs to mind. Agree with your points also, but overall I would probably skip it. Does the fact that it is at the top of a consolidation area and with the trend over-ride the PB's con's to you here?
If I took it I would get to BE pretty quickly. Where to do you see your first FTA? If you took this trade, what do think is the best way to manage it?Ignored