Dislikedto be honest, if it wasnt 11pm and after a longass day, I would consider playing this one for a short term bounce down to 74.80, stop to b/e and then trail as per above.Ignored
Grabbing the bull by the horns!
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedto be honest, if it wasnt 11pm and after a longass day, I would consider playing this one for a short term bounce down to 74.80, stop to b/e and then trail as per above.Ignored
DislikedI am just confirming whether I am wrong or not? Yes, I agree that bigger pix is the key always. Now for this DBLHC on cable-H4 is in sync with daily chart as there is nice bullish pin bar three days back.
Please, let me know if I'm wrong.
P.S. My English skills are poor. So sometimes I could not convey properly what I want to say.Ignored
Disliked,
2mas,
that's it, 1 post at a time. I know u can do it, Sir
... there's an ongoing conspiracy within the 'frequent posters circle', which is not to post at all, so u can 'do your thing' here.Ignored
Dislikedlucky nno work for me tomoz, boss has swine flu... ill take it, its off a nice area for me, then again I could be dead wrongIgnored
DislikedI'm out with 30 pip profit. Wall St is too schizo this morning for me to have any faith in the aussie breaking 80c...and stayin there. this one probably needs more trade management than i am willing to put in.
If it goes BEOB on the 4hr I might get back in.
This is also why I shouldnt trade the hourly. Or crosses >:/
Good luck!Ignored
DislikedNiceish pin forming on the AUDJPY 1h/4h.
double con: I think AUDUSD looks tastier. Longer pin, roundtrip through ppz, less traffic.
And has a tighter spread, since it isnt a stupid cross.
AttachmentIgnored
DislikedHi Mahesh,
Congrats on your first trade,
Just as a brotherly advice try looking for the really good ones for the first few months you're at it. The ones with that are real big compared to the bars beside them and have long distinct noses pointing away from the vicinity of PA, the stand out ones.
This is important because earlier on you need to build your confidence and start believing in these bars, reading is one thing experiencing it live is another, and this can be done only when you can prove to be consistently good with these. Since you...Ignored
DislikedIf you're talking abt pin bar retracments, no this is not.
I've attatched a chart illustarting how we look at this "Pin bar retracment" phenomena.
Clearly the phrase refers to price movement within the range (high and low) of the pin bar.
Regards,
Ghous.Ignored
DislikedNot a strict PB in the way we trade them, Open and Close not within the previous bar. But Mr. Pring would say "looks good".
You can combine any number of bars, in any way you want. You would be surprised what you will see. J16 PA turns up in many different combos.Ignored
DislikedHas anyone compiled a list and their anticipated results for things like dblhc's, dbhlc's, beovb's, buovb's, etc (if any)? I haven't seen one here or otherwise online.Ignored
DislikedIn order to anticipate results one must know the context (ppz's, trend, etc..) of the PA.
All price action does is give us an entry, the rest of the chart must be read and understood at that moment in order to formulate a trade plan with any kind of target (anticipated result?)Ignored
DislikedOk... I am in a trade (demo account,) Long on the GBPUSD Pair.
Entry at 1.6442
S/L at 1.6390
T/P at 1.6545
Please any comments/critiques are requested, I want to learn!!
Thanks,
CaseyIgnored
DislikedOk... I am in a trade (demo account,) Long on the GBPUSD Pair.
Entry at 1.6442
S/L at 1.6390
T/P at 1.6545
Please any comments/critiques are requested, I want to learn!!
Thanks,
CaseyIgnored