Quoting sergenDislikedThanks... where should i enter short?
1. is it when new bar open and wait for retrace a litttle bit?
2. Open when new bar pass below IB?
Thanks againIgnored
Keeping it Simple
Where can I learn more about Price Action like those in James16 charts? 9 replies
Quoting sergenDislikedThanks... where should i enter short?
1. is it when new bar open and wait for retrace a litttle bit?
2. Open when new bar pass below IB?
Thanks againIgnored
Quoting SeekingLightDislikedYea, it's a shame, here I was thinking it'd make a good re-entry into what might become a weekly BEOB and now it's a daily bullish pin bar almost. What's up with this market :/
Shame, I really don't love getting stopped / having to close for some reason :SIgnored
Quoting mbqb11Dislikedya, i just closed that trade for b/e and now its time to go drink some beers and enjoy the weekend.Ignored
Quoting sergenDislikedhttp://silatpusakagayong.com/iba.gifHello guys...pls help me.. i'm learning about IB now. is that valid IB on my picture?Ignored
Quoting vlazafDislikedShort taken off the pb 61.8 retrace.
Entry is not a problem, maximising profits is.
T1 is 1st scale out.
Anyone advise where the next level should be please?Ignored
Quoting rhassonDislikedSergen, on your chart you have the pivot/S/M lines, how did you get them to show up on the chart?Ignored
Quoting mbqb11DislikedHey great entry. TP is one of those things you have to decide on what works for you best. Some like to TP all at once, others at different levels. On your chart I may have made T1 where price is sitting now, you can tell we have support there. T2 could be where your T1 is. Again, determing TP is a personal thing, and is the hardest part of forex imo.
I know this wasn't the best answer, but I don't think there is a concrete one.
Michael
edit* here is what i mean. You can see I have awesome MSpaint skills! This is just based on this chart you posted. Seeing the bigger picture may change things.Ignored
Quoting H103EFADislikedJust a quick silly question
Would anyone trade the pinbar on the daily USDJPY chart.
The nose doesnt seem to be boucing of any relevant fibs or S/R apart from the pyschological 118.00
If you were to trade, would the safest be to go long above the PB high (about 119.05)?
Any comments much appreciated
HIgnored
Quoting bundyraiderDislikedNot sure what others will think here, but when I looked at the lower time frames it looked like the pin may possibly be just part of a retracement before continuing down. With that in mind, I'd definitely chose the breaking method. Waiting for it to break the high of the pin.
This pair has me frozen...
The Yen corrected last week, but on other pairs the USD gave us bullish action. I'm just waiting to see if this one goes sideways to make up for the opposing actions.Ignored
Quoting H103EFADislikedmbqb11 or anyone else
Just studying the "2 day pin" attached recently on USDCAD.
How would you trade this pin if you are going to. Wait for the right eye to form or be confident to go short when the market opens especially as nose bouncing near a major resistance line for yr 2006?
Thanks for help
p.s thanks for comments bundyraider - i guess you enjoyed the Ashes!Ignored
Quoting MelinniDislikedMike or anyone else,
Looks like a nice pin bar to me. Strong confluence and resistance. Long nose and nice shape.
Where are you planning to enter? Expect for a retracement or beyond the low of the pin?
Thanks!Ignored