DislikedWould this still be a playable BUOB? It did break but its off the monthly so it should have more time to develope.Ignored
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedWould this still be a playable BUOB? It did break but its off the monthly so it should have more time to develope.Ignored
Dislikedsure shows some strength looks to be there. 1.44/1.45 looks like the next stop if it breaks
MikeIgnored
Dislikedsure shows some strength looks to be there. 1.44/1.45 looks like the next stop if it breaks
MikeIgnored
DislikedIf it breaks?
The next candle already went 47 pips past the high.
Is there some set number of pips for a buffer on the monthly?Ignored
Disliked50+ seems about right for most monthly bars(remember in relation to the bar. ). Not that I would play this one, but an order above 1.4150 seems most appropriate.
Best
MikeIgnored
DislikedI do touch trades when a great opportunity presents itself. One needs to be extremely picky when placing touch trades. The closest price on EUR/CHF Weekly I would consider a touch trade is 1.45. 1.35 is not even close to being solid enough in my book.
ScottIgnored
DislikedThanks Jarroo, just trying to help our on the weekend with not that many people around.
I have been thinking a lot about my former and not so distant, fixation with trying to find an indicator that draws PPZ reasonably well.
And, I have come to the conclusion that it is not possible because of the nature of PPZ. Maybe they can come close but it is really impossible.
Along with this, I have been thinking about the obsession I experienced with this search for the indicator.
Basically, I think it was a responsibility issues, meaning that if...Ignored
DislikedBelieve me, Pb . .the best indicator that can process and interpret information more accurately then any indicator out there is the brain behind your eyes. It just needs to be coded with a little time and practise.
Ignored
DislikedYes, I have come to the same conclusion.
There is no shortcut, it is a learning curve and while the technical aspects of what you guys are showing is not that hard to get a grip on, seeing the price flips with a definite structure, seems to take time and a lot of eyeballing the charts. I think I am starting to see things a little more clearly in terms of PPz's, than I was a week ago.Ignored
DislikedEUR/CHF may be worth keeping an eye on.
Now, we just sit and wait for PA to show us the way.
Now, it seems to be getting a little easier to see what is going on.Ignored
DislikedI don't like venturing into this too much because this isn't what the thread is about. But I strongly disagree. The EUR/CHF setup is a PERFECT touch trade setup. Strong down trend, very sharp peaks so tons of traders will have their eye on this. I make a killing from these type of trades day in and day out, and this one is a beauty.
Sell on the touch of the line, 30 pip stop.Ignored
DislikedYes you are PB, more then you know.
Which is reflected in this post.
Great example of a multiple confluence level. The is a Strong level.
Some nice bearish PA would be perfect.
This one may bring out the Rac-man . . KaBoom . .lol I'm sure he's looking at this one very closely.Ignored
Dislikedenough to go short?
1)fib at 61
2)fib expand at 138 of previous rally
3)round number
4)resistence
5)middle line forkIgnored
DislikedMate, ya need to keep your charts a tad cleaner.
The analysis looks sound, though the entry is a matter of style and preference.
PRINCIPLES are what are taught here by Mike & the rest. METHODS are individual and a reflection of your personality. That one, you gotta make your own.
Price action on your TF isn't saying anything just yet though. Unless you're willing to in on a pure level(s) play... but where's your stop and what % will you make if you're right/what will you lose if you're wrong? MM & bet size are part of style/method too......Ignored
Disliked"The Rac-Man".
Is he in his cave, eating lotus seeds and meditating with the sound of a crisply snapping PPZ? LoLIgnored
DislikedYes he is. . .lol
Its probably one on the main thing that I've learned from Rac's charts . . . . . .strong layered levels of Locational Confluence.
A weekly study of Rac's charts is well worth the effort . .to say the least.Ignored
DislikedThanks Jarroo! Working out well. Thats the beauty of these. Tight stops on the other side of the line allow a large % trade. Normally 6-8% in my case but I am crazy.
Already up 50 pips before PA traders even notice it. Beautiful. Hope some people here got in.Ignored
DislikedLooks like we have signs of it going down.
Let's see how this H4 bar closes.
I think the DIV is the icing on the cake.
Sorry, my eyes are so burnt out, I have to switch to a black chart after 8 hours or so.Ignored