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Where can I learn more about Price Action like those in James16 charts? 9 replies

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james16 Chart Thread

  • #141,261
  • Nov 28, 2017 9:29pm Nov 28, 2017 9:29pm
Quoting florinellz
Adhavan retrace at blue area right? AUD/CHF D1 that is an inverted pinbar; in lower timeframe is interesting because price show divergence
I am talking about PB which is marked

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You are the right man, I missed it... and moreover the PB in traffic too

My view is, Last week Price broke the support and formed a DBHLC at 0.75552 and PA broke the BRN 0.75 also, since the FTA is too close I haven't taken that PA.

As expected during retrace price formed Pinbar @ previous support (flip zone) and failed to break the BRN. It has enough room to move, but it doesn't have enough space. (As Mike's previous post, I hope for retrace entry, we can't expect space) And monthly bar confirms the downtrend by strong rejection at previous Resistance...

Since I am in learning space, trying to understand the concept more. Could you guide if I missed or misunderstood anything in my analysis?

Adhav
  • #141,262
  • Nov 28, 2017 11:32pm Nov 28, 2017 11:32pm
Quoting Adhavan
{quote} I am talking about PB which is marked {image} You are the right man, I missed it... and moreover the PB in traffic too My view is, Last week Price broke the support and formed a DBHLC at 0.75552 and PA broke the BRN 0.75 also, since the FTA is too close I haven't taken that PA. As expected during retrace price formed Pinbar @ previous support (flip zone) and failed to break the BRN. It has enough room to move, but it doesn't have enough space. (As Mike's previous post, I hope for retrace entry, we can't expect space) And monthly...
Ad,price is trading in a box,dreadful location,I posted a link to 2 PB pdfs in the last couple of days,hope they help.
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  • #141,263
  • Nov 29, 2017 10:25am Nov 29, 2017 10:25am
following up my open positions - closed my xau/usd with small SL, gbp/usd is going to hit my 3R target...
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profitable trading does not mean trading everyday
  • #141,264
  • Nov 29, 2017 10:38am Nov 29, 2017 10:38am
Quoting richadi36
following up my open positions - closed my xau/usd with small SL, gbp/usd is going to hit my 3R target... {image}
what entry please ?
  • #141,265
  • Nov 29, 2017 11:04am Nov 29, 2017 11:04am
Quoting davpot
{quote} what entry please ?
what d'you mean? this one? https://www.forexfactory.com/attachm...4&d=1511793581
profitable trading does not mean trading everyday
  • #141,266
  • Nov 29, 2017 11:06am Nov 29, 2017 11:06am
Quoting richadi36
{quote} what d'you mean? this one? https://www.forexfactory.com/attachm...4&d=1511793581
yes can you explain your entry please ?
  • #141,267
  • Nov 29, 2017 11:09am Nov 29, 2017 11:09am
PB 50% retrace entry method...
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profitable trading does not mean trading everyday
  • #141,268
  • Nov 29, 2017 11:13am Nov 29, 2017 11:13am
Quoting davpot
{quote} yes can you explain your entry please ?
low swings was getting higher of the previuos low...it meant for me trend was going to change...
profitable trading does not mean trading everyday
  • #141,269
  • Nov 29, 2017 11:21am Nov 29, 2017 11:21am
Quoting richadi36
{quote} low swings was getting higher of the previuos low...it meant for me trend was going to change...
yes i like this view of trending and i like to manage the trade after
you enterd randomless on the next bar for GBPUSD ? why TP at 3R ?
  • #141,270
  • Nov 29, 2017 2:11pm Nov 29, 2017 2:11pm
GBPNZD
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  • #141,271
  • Nov 29, 2017 2:14pm Nov 29, 2017 2:14pm
GBPJPY
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  • #141,272
  • Nov 29, 2017 2:18pm Nov 29, 2017 2:18pm
Quoting mallee
GBPNZD{image}
mallee wasn ot your initial SL under the PB?
  • #141,274
  • Nov 29, 2017 4:39pm Nov 29, 2017 4:39pm
Quoting sirovai
{quote} mallee wasn ot your initial SL under the PB?
Hi Sirovai,if I understand your Q,yes initially with my buy stop.But I moved it up after I got filled.I'm not going to let a trade go 250 pips against me.Hope that makes sense.Al
  • #141,275
  • Nov 29, 2017 4:44pm Nov 29, 2017 4:44pm
NZDUSD.2 day PB
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  • #141,276
  • Nov 29, 2017 7:32pm Nov 29, 2017 7:32pm
Quoting davpot
{quote} yes i like this view of trending and i like to manage the trade after you enterd randomless on the next bar for GBPUSD ? why TP at 3R ?
good question davpot. it could be more, but .... here is the answer. based on the weekly chart i waited for the next swing area (blue in the picture) and entered on the daily.
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profitable trading does not mean trading everyday
  • #141,277
  • Nov 29, 2017 7:48pm Nov 29, 2017 7:48pm
GBP/USD 3R target was hit...
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profitable trading does not mean trading everyday
  • #141,278
  • Nov 30, 2017 2:46am Nov 30, 2017 2:46am
Quoting richadi36
GBP/USD 3R target was hit...{image}
great

so you identify a trend on weekly and you re waiting for the pullback on daily just with new high /low ?

so have you entered too soon before like on this chart ?
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  • #141,279
  • Nov 30, 2017 3:46am Nov 30, 2017 3:46am
Quoting mallee
NZDUSD.2 day PB{image}
Anyone take this?
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  • #141,280
  • Nov 30, 2017 3:59am Nov 30, 2017 3:59am
Quoting mallee
GBPJPY{image}
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