Quoting goodthingsDislikedTaking in mind the previous chart of the weekly bars (which we do not have that luxury at the beginning of the week) what would have been a good entry point based on the daily?Ignored
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Where can I learn more about Price Action like those in James16 charts? 9 replies
Quoting goodthingsDislikedTaking in mind the previous chart of the weekly bars (which we do not have that luxury at the beginning of the week) what would have been a good entry point based on the daily?Ignored
Quoting mbqb11DislikedI would enter on the break of Monday. So that highlighted candle is already formed. My entry is the break long the next day(Tuesday).
Hope that helps,
MikeIgnored
Quoting mbqb11Dislikedwell the entry point if you stuck it out on my daily chart is an IB that formed, It was a TBL that was off by 1 pip. Shows exhaustion till broken downards. So you could play it for a break high .
Ignore that bar with the purble x through it. That is interbanks sunday bar which I always ignore. Another note, is this hit Vegas Daily fib line. So using this IB or TBL(whichever you wnt to call it), you could take a break long on that.
Does this help?
Edit* We have different feeds, so just always play it how it is on your feed as per James's adviceIgnored
Quoting SnuffleupagusDislikedI believe the Sunday bar is actually part of the next bar. I saw a awhile ago about this. I think the post was related to the SBFX platform and there was a discussion when they asked the forum what server time they should set it to. The Sunday bar is due to the time offset of your broker. IBFX is GMT 0. I have noticed the same thing on other GMT 0 brokers. FXDD does not have the Sunday bar due to being GMT +2.
So if that is the case then the chart it is not really a TBL. Sorry to rain on your parade. Just wanted to clarify so people don't ignore the Sunday bar in the future thinking it has no validity.
On a sidenote, I wonder if the Sunday bar throws off some indicators. For example, could it screw up an ATR reading.Ignored
Quoting espionageDislikedHi Guys! I'm new here, so can someone put a link where I can read about Price Action Analysis/strategy please? Thanks.Ignored
Quoting espionageDislikedHi Guys! I'm new here, so can someone put a link where I can read about Price Action Analysis/strategy please? Thanks.Ignored
Quoting mbqb11Dislikedwell i have ignored all sunday bars on my platform. And it does my trading quite well, so I will continue too. Also james teaches it like this, so its not raining on my parade because it has helped me. I suggest others practice it and whichever way works for them.
ps: something is only as valid/not valid as we choose to make it
best,
mikeIgnored
Quoting hk334DislikedtHE ANNIVERSARY DATE FOR MY SUBSCRIPTION TO YOUR THREAD IS THE 14TH. i WOULD LIKE TO END MY SUBSCRIPTION ON THE 12TH OR 13TH OF DEC 2006 JUST TO MAKE SURE i AM NOT BILL AGAIN. THANKS i HAVE FOUND YOUR TAKE BOTH INTERSTING AND EDUCATIONAL. bUT A BIT EXPENSIVEIgnored
Quoting hk334DislikedtHE ANNIVERSARY DATE FOR MY SUBSCRIPTION TO YOUR THREAD IS THE 14TH. i WOULD LIKE TO END MY SUBSCRIPTION ON THE 12TH OR 13TH OF DEC 2006 JUST TO MAKE SURE i AM NOT BILL AGAIN. THANKS i HAVE FOUND YOUR TAKE BOTH INTERSTING AND EDUCATIONAL. bUT A BIT EXPENSIVEIgnored