EUR/USD seem to be having Bearish Engulfin candle in 4H TF... Called it BEOB (Bearish outside bar?? )
Downside coming...
Sonic
Downside coming...
Sonic
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedEUR/USD seem to be having Bearish Engulfin candle in 4H TF... Called it BEOB (Bearish outside bar?? )
Downside coming...
SonicIgnored
DislikedTo Unlv:
Hey, I wanted to share a little with you for some encouragement or to get you to think a little. I am the oldest of 10 children. I grew up in a farming community in Michigan, my dad is a teacher and my mother had a full time job raising us kids. We qualified for welfare,......Ignored
DislikedGBP/USD m15
After those large drops in pound today it was nobrainer imo. PB @ s/r flip zone . I got sabotaged by myself and got out to quickly with not much profit.Ignored
DislikedHi ya all,
Don't post much as usually don't feel I can add value but really touched by unlv's post and the subsequent replies and of course James who's posts always impress me.....I think its the empathy for others that shines through.
The attraction to forex for me is
1. I can be my own boss
2. I can invest as much or little as I like, ie, time, effort and money
3. If its not going good I can stop for a while
4. It lures me with promises of freedom such as from one day hopefully never having to work for corporation again or for others...Ignored
DislikedYou certainly did take it of off a nice location, may i know what made you get out early, trailing stop??Ignored
DislikedActually i was targeting the 1.4743 pivot for take profit but usually seeing that strong momentum i try to keep position a little longer. I always put 1 position on the trade and try to increase my skill in letting it ride analysing pa on lower tf. In this case i was overcomed by fear of rapid price reversing.Ignored
DislikedGreetings
Very nice E-mini S&P 1H DHLC off of 61.8 Fib & 365EMA and in direction of longer term trend. Wasn't perfect - the 'LC' wasn't as low as I'd have liked, and the bar following the setup retraced just a little too much (though met resistance at the 365)
Attachment
-The Iron Duke-Ignored
DislikedHey Iron duke
Be careful here, a valid DBHLC, the close of the bar must LOWER then the previous Bars LOW. In this case you had a TBH(which still signals a temporary pause in the up move.
Take care
MikeIgnored
DislikedThank you Mike, but what you say - at least according to Mr Pring - isnt entirely accurate. He makes no mention of the close needing to be lower than the previous bars' low. Regardless of the 'correctness' of the setup, I have had success trading these 'quasi' DBHLC! Thank you anyway - I appreciate your guidance
-The Iron Duke -Ignored
DislikedConsidering the kind of fear you're talking abt i do get a feeling you're trading on a tf you at least presently don't belong to.
Don't take me wrong but taking the "not as good as should be" trades and bad trades on a tf you do love to trade on will only hurt your confidence more then build it. This early in your career you need as many opportunities to gain confidence as you can grab. I respect your trading personality 100% and admit that you perhaps enjoy short term day trading but you need to consider Jim's words regarding higher tf trading....Ignored
DislikedHey Big Duke,
I am referring to James DBHLC, as we trade them different in here. Same with pinbars. James although gives full credit to Mr.Pring, trades them different as well.
Best of luck
MikeIgnored