DislikedIn this case, do you play it as a break of the PB or as a brake of the IB...??
Regards....Ignored
Best
mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedIn this case, do you play it as a break of the PB or as a brake of the IB...??
Regards....Ignored
DislikedIn the case of an IB forming after a PB, if I decide I still want to take the trade then I leave it above the pin still. Definitely no hard and fast rules with that, just again where my comfort level is
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mikeIgnored
DislikedI am very picky about the areas I trade off. So to take the hourly pin like in that chart, it has to be on the round number that is above. If you noticed James posted yesterday all his intraday trades will be off round numbers. I did not know this but I do the same thing(for those in PF know in my intraday thread). So for me it is more of a waiting game. If we get the PA of the round number either way. But the zone is still there, I just prefer to wait till all things line up. Just part of what keeps me discipline.
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MikeIgnored
DislikedHey there,
You guys are doing a great job here as always.I was wondering if you knew of an indicator that would draw out horizontal trend lines for the round numbers?Thanks in advance keep it up!!Read this thread everyday now!Ignored
Dislikedhere ya go if you have trouble with it shoot me a PM
example of settings I use on usd/chf
hgrid weeks - 100
hgrid pips - 10000
h line - dimgray
h line 2 - orange
gridtime - 15
time grid 240
colorhour - 16
time line - none
time line 2 - noneIgnored
DislikedThanks man,
Buuuut these are horizontal lines.I followed the setting but no luck....Is this the right indicator?Ignored
Dislikedyes they are but you have to play with the settings depending on your broker. If you don't have 5 digits then you need to leave a zero off the pips setting to 1000, not 10000Ignored
QuoteDislikedI read that the Swiss are wanting to arrest the rise in the Swissy and will probably begin selling them. This from a Goldman Sachs analyst so it is definitely FWIW. In any event, if true it may not bode well for the USDCHF going down much.
Dislikedyou sure can and if that round number has a supporting cast of confluence its often money in the bank.Ignored
DislikedIs this tripple divergence? Wow . . . wait a minute . . . looks pretty tough to trade in a trending market. Thank God for the Daily.
JimIgnored
DislikedHi mbqb11,
There is a book about the structures of the forex market, a while ago it was suggested as a must read on some thread that I can't remember, I tried to look for it on Amazone but couldn't find it either, I wonder if you know what I'm talking about and if so could tell me the right title and the Author's name... Thanks a lot.
Sebastien.Ignored
Dislikedhi teachers. can you all please tell me how you best calculate & then plot your ppz's on your charts? what platforms do you use to do this? ie tradestation? do these platforms do it automatically for you or do you have to enter the previous period's (monthly, weekly, daily) highs/lows/closes & then it automatically plots the lines for you? thx.Ignored
DislikedPPZs can be done on any platofrm.
Check these posts out by James(within an older post I made)Ignored
DislikedMight want to update the link to this one to go to the specific post directly
http://www.forexfactory.com/showthre...16#post2252116
The one you posted was a cleanup link and someone might accidentally try to report the post.Ignored