DislikedNot very convincing. Short nose. And closed a little too close to neutral for my personal liking.
Compare it to the one from the other day.
(the close on GJ the other day wasn't within the previous bar BTW)Ignored
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedNot very convincing. Short nose. And closed a little too close to neutral for my personal liking.
Compare it to the one from the other day.
(the close on GJ the other day wasn't within the previous bar BTW)Ignored
DislikedThanks.
but i am in so i would also like to hear about daily TF also.Ignored
DislikedThe ideal BEOB is at the highest peak of a swing High as we discussed on this post. http://www.forexfactory.com/showpost...ostcount=40210
Price Action is a powerful thing, even in a consolidation. Check out your fold of all James16 charts, that I'm sure you have which you study daily.
There were many supporting confluences that this Aud/Usd Daily BEOB screamed, "Trade Me!"
Off recent Highs.
At the Weekly 61.8 fib.
MACD Divergence
The size of the formation compared to previous bars.
Below the .8500 (strong round...Ignored
DislikedI have.... but not extensively yet.
I'm just sort of checking the threads "outside james16 thread".
He must be referring to Editor & his threads/posts.Ignored
Disliked154.00 is a good level for me if we get good Price Action confirmation. At the moment I just see potential to get a little bit further down before a good bounce though. 153.00 get's interesting. There's a lot of work involved in getting through that whole 151.50 to 153.00 'zone'.
If I was in a daily short trade already from the other day?? At the moment I'd be tightening my stops. Not getting out, but ready to take profit if there are better reversal signs.Ignored
DislikedHi Jarroo,
Yes it was that post I was referring to that got me confused....Ignored
DislikedYou are right about 153 because there is
Fibbo level of 61.8% at 152.93 and
there will be a proper test of Trend line.
I entered short today at 155.70 but i think it's time to give the check back.Ignored
Dislikedlol. That's good though.![]()
...As long as you don't let it become loser.
Some winners are small, some big and many average. You never know before hand. You just take what's given.Ignored
DislikedOh I c lolx
I thought he was symbolizing someone with the word "editor", read a couple of his posts and were like a treat.
gIgnored
DislikedSpecifically this statement:
"Now notice that on your 4 hour BEOB on the Gby/Jpy is not at the peak or highest point. Its in a consolidation area of the previous candles.
Yes, the consolidation is at swing high, but the BEOB is not."
Sorry please don't see it the wrong way. Not trying to pick at your words but trying to see the differenceIgnored
DislikedYes, I understand the conflicting point that I have posted. But the next sentence read, "Don't get me wrong, being a BEOB within a consoldation area that is at a swing high has potential."
As you can see the result of the 4 hour Gbp/Jpy BEOB in the consoldation gave up some nice pips when managed carefully. (Chart)
As you continue to practise and study these setups, which you are doing very well tradertt, you will see that as long as our goal is to seek the best setups to trade we will fine tune our skill in trading PA.
Ignored
DislikedThank you. Now I understand. We all fine tune trading the PAs according to our experiences. So everyone will take certain setups at different times slightly differently.
I just wanted to check if there is any BIG NO NO in trading that consolidation![]()
Thank you for the compliment. Still a beginner. Will be going into the PF soon after I am done with the BASICS as no point in wasting money if I do not even bother to build the foundation.Ignored
DislikedHi Jarroo,
So what I was confused about was the CONSOLIDATION portion cause my chart had a longer consolidation and was wondering if yours is also considered as a consolidation
What am I missing out. Sorry that I cannot get this into my thick head lolzIgnored
DislikedIs anyone monitoring this one? It broke the support eventually.
I am interested in going short if I will see a good entry.
http://img134.imageshack.us/img134/2826/1k2pp33.jpg
BenIgnored
DislikedThanks.
but i am in so i would also like to hear about daily TF also.Ignored
DislikedGuys I got 1 question that is bugging me.
I have entered a AUDJPY Weekly BEOB today and currently am in profit.
The first trouble area as you can see is much lower as I indicated in the chart....Ignored
Disliked
PS - did I draw the hidden divergence right? First time I am using it. I'm not sure about it. Hope I have used it right.
BenIgnored
DislikedNZD/USD daily pin bar off highs. Daily and weekly bearish divergence.Ignored