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- | Commercial User | Joined May 2017 | 11 Posts
PAMM Trader! Student of James 16. Good gain/Low DD with verified result
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 23,961 Posts
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Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked{quote} Hi florinellz, are you watching for price action to go long or short?...Ignored
DislikedNice looking pinbar on EU 4H. I would have liked to see it close a little above 1.1750, but it's a strong pin off 1.1700 and the 100MA, and we've been in an overall trend up, so there's a little bit of confluence. 1.1750 does seem to be a decent S/R level at the moment though, so there's that to consider in the short term. edit: also if you're a fan of volume, the second large move down was on lower volume than the first, and the pinbar is equal volume with the second move down. edit 2: added screenshot to place it in context of current trend. edit...Ignored
Disliked{quote} I'd prefer the GBPUSD BUOB to be much larger, breaking all those highs and after a move down, price is now very much sideways and has consolidated after the break down from the BEOB which I've arrowed (this one is the sort of size to be trading) First picture is the Daily, the second is the 4 hour chart which shows the present situation clearly (the 1 hour even more so), there are now some great levels to trade off. GBPUSD Daily chart. {image} GBPUSD 4 Hour chart. {image}Ignored