oops forgot to attach....sorry)))
Abdu
Abdu
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedRound Number (RNs) and Big Round Number (BRNs) are an important confluence with our S/R levels . .but only if they are ailigned with our strongest levels. The .9900 did not look very strong as a Support level on the Daily nor the Weekly. The Triple Lowest Close of Support level stood out to me as a much stronger level. If the .9900 was lining up with that Triple LCS level all the better. . .but it didn't.
RNs and BRNs are important but not as a stand alone level. Sure, Price may react to them as a stand alone level . .but we need more confluences...Ignored
DislikedYeah, 8 hour PB forming, possibly a daily PB.
I am jumping the gun on the 8 hour PB.Ignored
DislikedI agree with you Pinbar
AUDUSD was in my watch out list too
sell triggered
TP at first trouble area
http://mytradesontheblog.files.wordp...ily-13-dic.gifIgnored
DislikedHi guys!
CAD/JPY
- H4 divergence
- D1 BRN
Would be great if D1 will formed PB under 84.5
If PB formed will we need any other proofs for enter?
ThanksIgnored
Dislikedanyone for this hourly beob setup at swing high?
it seems very nice, but the market is undecided to fall
it seems more a buy on deep
any review would be appreciate
many thanksIgnored
Dislikedanyone for this hourly beob setup at swing high?
it seems very nice, but the market is undecided to fall
it seems more a buy on deep
any review would be appreciate
many thanksIgnored
DislikedHey Nick,
the setup looks ok, but be careful YEN is weak this days...and for a reversal we need a big strong bar, you can play small retraces this days but don't fight this crazy trendIgnored
DislikedHey Abdu
It certainly has worked out very nice. A few things too be careful of and some bigger things that also were confluence for you
I marked up a chart
Hope it helps
MikeIgnored
DislikedHey Nick
We want to see the highs match closer then this. This is more just a bearish bar. Also remember we want these bars traditionally at a swing high point where this is already at a swing low because of where it sits in regards to the true swing high a few bars back. Also be careful the BRN of 1.05 lurks just beneath I would be more interested in this area for S/R or a break
Best
MikeIgnored