DislikedHey. While we're here, check out this inside pattern that's forming...Ignored
Also hadn't drawn in previous TL break. Tend to not draw the obvious ones I can see easily. Lazy.
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Bundy's status today: "Waiting..."
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHey. While we're here, check out this inside pattern that's forming...Ignored
DislikedThe most likely scenario is that we'll be trading in a range $58-86 for the next 6 months. Look for the best setup between those two ppz.
Personally I doubt, we'll be sitting below $60 for too long... and Ideally I'd love to see a PB off of 52.
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DislikedCan I ask a question: I often see Jim and Mike drawing levels on their charts using a pen tool in MetaTrader? Can you tell me where I can find this tool, please?Ignored
DislikedCan I ask a question: I often see Jim and Mike drawing levels on their charts using a pen tool in MetaTrader? Can you tell me where I can find this tool, please?Ignored
DislikedOkay my day, stopped for -9 then took +18 so +1% on the day, Missed the good trade as always. Not as many good ones as in the past but it happens. Not going to be mad at making money.Ignored
DislikedRyan,
That's too funny. I missed the EXACT same trade you did (even chastised myself in my journal chart), and then proceeded to take the EXACT same trade you did next. The difference: I got in too early and was stopped out. On what basis did you time your entry on that second trade?
Looks like we even drew the same support lines!Ignored
DislikedHello to all. Always nice to come back to this thread and see the great insight of great traders.
Here, is the trade that I have taken today which is a mix of James16 stuffs (bar formations) and Ryanmcd stuff (divergence between price and RSI 6)
It was a DBLHC on interbank fx and a BOB on another metatrader along with positive divergence between RSI and price.
Right now, I only take trades when there is a divergence between price and RSi along with a great bar formation.
This teach me patience as they do not occurs every hours even on a 5 min timeframe.
Sincerely
ShreemIgnored
DislikedYou need to watch out on these, I used to trade this type of setup and it's damn hard, look at days that go down or up all day, they post divergence after divergence and you will be wrong on everyone. The key to these is take them in a FLAT market.Ignored
DislikedJust when i thought this was going to be difficult, Monday close brings about an opportunity.
Things setting up nicely o the Eur/Chf:
I am still thinking on me entry point though, the 4H tells me the trend line hasn't yet broken plus there is a good enough chance of a retracment back to the trend line even if we see a valid and genuine break given the short term trend is still up, maybe i should just watch the daily close and conservatively play the break of the low in this case...Ignored