Any areas you got your eye on for next week?
Here's one on GBPCHF. 4 hour 365EMA, 1.7500 round number and previous support + potential trendline.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedNp dude.
Any areas you got your eye on for next week?
Here's one on GBPCHF. 4 hour 365EMA, 1.7500 round number and previous support + potential trendline.Ignored
DislikedNp dude.
Any areas you got your eye on for next week?
Here's one on GBPCHF. 4 hour 365EMA, 1.7500 round number and previous support + potential trendline.Ignored
DislikedDeja vu all over again.
Fun seeing these set-ups happen over and over again.
Thanks Jim.Ignored
DislikedHow would you play a pin like this? Would you wait for some kind of retracement and then enter? Or would you wait until the low of the pin is broken to enter?Ignored
DislikedEnter at the break of the Pin Bar (candle). All Price Action set-ups are entered at the break. Other entries, like retraces, are more aggressive.
Stop loss would be placed above the PB.Ignored
DislikedHow would you play a pin like this? Would you wait for some kind of retracement and then enter? Or would you wait until the low of the pin is broken to enter?Ignored
DislikedThanks for the advice!
Also, what time do your daily bars close? I'm in NYC and my bars close at 5:00PM EST. On my chart it looks like the pinbar close was higher than the previous bars high which made me a little concerned.Ignored
DislikedHi Scott,
I'm in this trade and entered 10 pips below the low of the pin bar at 92.63 with a stop loss 10 pips above the pin at 94.70.
I tend to enter with three lots and set profit targets for two and let the third lot run.
The first profit target for me was 91.63 so one lot was closed for +100 pips. The second lot stop loss was moved to break even and I redeuced the exposure on the third lot by bringing its stop loss to 93.70.
The second profit target was 90.90 and that was worked out by looking at previous bar lows and highs that could...Ignored
Dislikedbe even more picky than the year before . . . i like that. watching pound swissy too. will be interesting to see what it does around 174 or 175. I see that there is a bullish outside bar on my feed.
Here is a chart of the dollar index. Looks like a two day pinbar on the daily. i also noticed that a bullish divergence is on the weekly.
Plus, an inside bar has developed on cable. Now, cable broke out this week with an inside bar. Will this inside bar cause a break down next week? We'll see.
Additionally, there is a bullish divergence that has...Ignored
DislikedHi James16
Im unable to say how much i have gained from the private forum and this thread but i noticed something and need to ask.
What happened to your daytrading. At the beginning of this thread you were posting lot of m5/m15 setups which were high probability. I remember you wrote somewhere that scalping is something you do from day to day to increase your overall profit. I'm guessing that you build your account to such point that there is no need to trade frequently and somehow i know that trader like you with such excellent skills can squize...Ignored
DislikedVery nice Dave.
Dave is a Rock Star in the PF. (at least to me.)
His info should be well noted.
JimIgnored