My live account I played the BEOB, s/l @ breakeven.
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Many choose unhappiness over uncertainty.
Where can I learn more about Price Action like those in James16 charts? 9 replies
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A couple of questions to understand your reasoning / rationale if I may...
Why do you think this indicates a bullish signal?
Why did you take the pin bar trade? i.e. what were the reasons you noted mentally that this was a great setup and what was your target?
One general comment, your chart is way too zoomed in to see anything about the trend, confluence etc...plus, why the 15min timeframe?Ignored
DislikedThe chart was on from my iPhone hence it looks zoomed in.
I don't trade anything but Pin bars at the minute and I'm trying to get to grips with other bar styles, hence the question about that shoot down but with the open and close in the top half of the bar. I guess for it to be truely bullish the open/close should be in the top 1/4 or 1/3 of the bar?
The confluence on the 15m comes from the S/R zone around the round number and the fact that the pin is against the S/R zone (trading away from the resistance). Does that make sense?
I typically...Ignored
DislikedGood eye Nasir! I've been bought at 87 and sold at 8770 already. I'll be looking at this one for a longer term long now. I'll post another chart with my observations in a bit. BTW, has anyone noticed that this one mirrors the GBPCHF or am I just imagining this?
K.I.S.S.Ignored
DislikedIndeed.
This area is marked on my charts for a few weeks already, waiting patiently.
I would have an eye on the DOW. Also, no PA = No trade.
BenIgnored
Dislikedwell Ghous can elaborate better but I think the size of the IPB is not enough comparing to the last big red bar.Ignored
Dislikedsince jarroos return this thread has been moving too fast for real life....Ignored
DislikedI do tend to carry on too much at times.
Let me know if I am getting out of hand. lolIgnored
DislikedAre you in at 8747? If so, I rarely get in on the break of an outside bar. There is nothing wrong with it. I've missed some good trades unfortunately. It's just not my style. I believe that we are headed to 8773. I liked the confluence at 8700.
K.I.S.S.Ignored