Could have made some profits on this crazy chart.
Breakout?
Clear target.
Attached Image
Breakout?
Attached Image
Clear target.
Attached Image
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedCould have made some profits on this crazy chart.
Attachment
Breakout?
Attachment
Clear target.
AttachmentIgnored
DislikedNot sure what the 1.51100 you mentioned has to do with the current situation. The 1.52000 is the resistance area this bar came off and the close is below the 1.5000.
As Mike pointed out, the FTA is close but, it has about 70 pips of space.
This is not a bar, I would sit and watch it move 50 pips and leave my SL above the bar. This is where J16s WIPG comes in.
Hope this helpsIgnored
Dislikedweekly dfz with a steep approach of the resistance zone. stock is very illiquide, so be carefull with market orders. after a break of the 12 usd the next target is the 10-year high at 13.15 usd.Ignored
DislikedWIPG = where is price going
It's something James created as a learning tool and beyond in the PF.
We have a lot of terms here huh?
Best
MikeIgnored
Dislikeddfz is something for a price-action textbook.
i guess mike is loving this...Ignored
Dislikeddfz is something for a price-action textbook.
i guess mike is loving this...Ignored
Dislikedhey guys,
while I was scnanning through my charts I noticed 2 things I would like to hear your opinion.
First is the pinbar on USD/CAD from friday. We are still in an overall downtrend and we are not really near an interesting area as I see it. Just the rund number 0.95 is close.
Basically it would be countertrend and more risky then trading with the trend. Is that correct?
Second interesting setup I spotted on USD/CHF. We saw a bearish engulfing candle after hitting a previous PPZ. We broke the low of the bearish engulfing candle already....Ignored
Dislikedhey guys,
while I was scnanning through my charts I noticed 2 things I would like to hear your opinion.
First is the pinbar on USD/CAD from friday. We are still in an overall downtrend and we are not really near an interesting area as I see it. Just the rund number 0.95 is close.
Basically it would be countertrend and more risky then trading with the trend. Is that correct?Ignored
DislikedPinbar has a list of abbreviations used here. Will he add this to the list as it is not there at the moment (last tile I checked)Ignored
DislikedHere is the updated J16 Terminology list.
You can always access this by clicking on my signature and indeed Jarroos PPZ basics along with a link to the Big guys videos.
FTA = first trouble areaIgnored