Dislikedbut if it form another price action, like a IB, don't you trade it?
thanks in advance.Ignored
Take care
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedbut if it form another price action, like a IB, don't you trade it?
thanks in advance.Ignored
DislikedI guess this is just one of those that don't work out, despite looking like a good setup.
Any comments on this? Did anyone else take it ? Why yes or why wouldn't you ?Ignored
QuoteDislikedI took this same trade thinking it was a good PB. Maybe the nose needed to be a little longer? Or maybe we just win some and lose some. Does it make you feel better that someone else lost too. I haven't had much luck with 4hr charts though. I think I'm going to stick to dailys. The PA just seems so much more reliable. I've played other pins on the 4 hr. with similar results.
DislikedI see a pin off a PPZ on the gbpjpy 4hr. I think this is an OK trade. Any comment?Ignored
DislikedI wouldn't really class that as an 'A' pin bar. Body is too long and too close to the middle of the bar and also nose doesn't stick out very far.
I am trying to only take the best set ups so this is just my opinion.Ignored
DislikedIm with you on the timeframe matter. I played a few "A" pins on the 4hr recently which has lost me money, whereas the day pins seem to play out better. Im sure to a pro they both play out just fine, but since i am not a pro then the dailys timetable is much more reliable for me to work the trade through. It takes more patience but i think its worth it. Until i really MASTER the daily, I think i have learned my lession on trading anything less, which is to stay away from them until ready.Ignored
DislikedSticking to daily charts until you are good has another purpose. I don't think I've ever read of a successful intra day method/system that didn't feature daily and higher time frames as a key to establishing the primary trade direction.
Most intra day trades I take now are due to what I see on these higher time frames and it's working for me. ....any counter-trend trades are strong set-ups I've learnt from experience and are rarer!
So definitely learn to trade daily charts successfully first. You use them later anyway!Ignored
DislikedThe daily charts are not that clear at times. For instance like GU or recent, it is up today, down tomorrow. This type of chart confuses me. I prefer noting support and resistance and use the 4hr time frame to trade.Ignored
DislikedThe daily charts are not that clear at times. For instance like GU or recent, it is up today, down tomorrow. This type of chart confuses me. I prefer noting support and resistance and use the 4hr time frame to trade.Ignored
DislikedI have this PB on my 4h chart, I would appreciate any comment, It appears to be at a swing high, and coming off a ppz, the nose is nice and long and the open and close are fairly close to each other in the bottom third of the candle. From where I am it looks pretty good, but I may be missing something.Ignored
DislikedI have this PB on my 4h chart, I would appreciate any comment, It appears to be at a swing high, and coming off a ppz, the nose is nice and long and the open and close are fairly close to each other in the bottom third of the candle. From where I am it looks pretty good, but I may be missing something.Ignored
DislikedI have this PB on my 4h chart, I would appreciate any comment, It appears to be at a swing high, and coming off a ppz, the nose is nice and long and the open and close are fairly close to each other in the bottom third of the candle. From where I am it looks pretty good, but I may be missing something.Ignored
DislikedAwesome.
Also off a T/L I had drawn for some reason on the weekly. (This is a daily and ignore the incomplete daily bar that looks like a pin. )
In my opinion, worth risking a trade.
Also looking good to be a two bar pin on the IBFX feed.Ignored