DislikedI like that it broke and closed above the 111.00. . .good chance it will act as Support. Those previous bar Highs (blue) look good for your target.Ignored
Always nice to see your opinion. Will keep that zone in my minde
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI like that it broke and closed above the 111.00. . .good chance it will act as Support. Those previous bar Highs (blue) look good for your target.Ignored
DislikedGBP/NZD Monthly PB.
Took one third off at 150 pips +spread.
Looks like this one may be a runner.
Just moved the SL above the 2,09000 and below the weekly pivot and 365 EMA on H4.Ignored
DislikedHey Numen
The fire is burning strong welcome bud
Your bar is just barely a beob with the lower low then the previous bar....Ignored
DislikedYes, it was...I watched the H4 candle close above the BRN, the first candle to do so in over a year. The next candle open was above the RN, it tested the area and took off.Ignored
DislikedI like to see a close above previous Resistance occurr on a higher time frame but this also works . .nice job.
Why not move to break even or are you looking for a more long term play here?Ignored
DislikedTook this today. Not the best pin, but for me it had good location and confluence; at a swing high off a trendline and it had double fib confluence also.
Two confirmed LH's showed there was momentum behind the move, even though the dominant trend is up. Showed nice rejection of price after a strong bull bar.
The only reasons i came up with to not take the trade was that the FTA was quite close and it went a against the dominant trend.
Am i on the right track with my analysis?
Price was 5 pips away from my 3rd target area, got out with +35...Ignored
DislikedWell, this H4 breakout got me into the Monthly PB break and looking at the weekly TF, we have a nice flip area that the daily candle may well close above in the next 4 mins. I want to give it a little more room than BE.
EDIT: Sorry. Still half asleep here....I actually traded 0.05 and took off 0.03 and moved the SL to less than the profit taken so, I am actually at BE already without moving the SL to the point of entry. If you see what I mean.Ignored
DislikedThose charts have EVERYTHING: patience,trader psychology,chart+bars analyse,entry points with all the reasons,money management,fta,ppz,targets,but most important the plan.Those charts are priceless trading lessons and I don't have enought words to thank you!Ignored
DislikedMike
Thanks for the excellent chart - you make it look easy, but I know that it's not (for me anyway!). Just one question - would you consider the bars to the left to be 'traffic'? I am trying to learn the principles of space and traffic.
Thanks,
KalIgnored
DislikedHello Mike, this was a great trade. Strong bounce of the lower boundary!
Just one thing I would like to bring and ask you for advice, if possible.
I know it may sound stupid, but I think the standard MACD is NOT WORKING.
Well, I consider MACD important as we look for divergence as one of our confluences. So it must be sharp. But look what I see again and again.
These are: Standard MACD MT4, Mt4 MACD Imported, TOS, NetDania.
Only Standard macd show div, when others do not. And those others are pretty much the same. How could that be?...Ignored
DislikedThanks Mike. As always your simplicity is unparalleled. PA has really changed my trading positively...hopefully in time, I'll be able to analyze the markets like you guys.Ignored
DislikedI should have posted this earlier.
Daily PB off the Weekly BEOB previous bar Low.
You all know about the previous bar Lows on BEOBs (previous bar Highs on BUOBs). Hopefully this is a good example that explains it.
Any one know where my targets are??
gotta go
be back later.
JimIgnored