The next hour should tell us if 1100 truly is resistance now or is Gold headed back up. Let the battle begin.......
Nasir......keep that wall from tipping North
Nasir......keep that wall from tipping North
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedThe next hour should tell us if 1100 truly is resistance now or is Gold headed back up. Let the battle begin.......
Nasir......keep that wall from tipping NorthIgnored
DislikedAnyone else still in the USD/CHF daily trade?
Took heat... let's see if it was worth the wait.
Moving stop to just above 1.0850 area.
-- DannyIgnored
DislikedThe next hour should tell us if 1100 truly is resistance now or is Gold headed back up. Let the battle begin.......
Nasir......keep that wall from tipping NorthIgnored
DislikedYeah, you're not alone. 50% retracements on daily pins give me a semi.
You have brass balls to have stayed in with the price you entered on...wow. I could never do that.
BTW, there are tons of solid opportunities coming up on the hourlies right now. The positioning on these pairs is unreal at the moment.Ignored
DislikedHaving a plan to stick to regardless of what others are comfortable with doing helps.
BTW mike, love your motivation thread. Some of that stuff really hit home.
-- DannyIgnored
DislikedThey do, which is why I said 'not a reason to trade', as opposed to meaningless
The reason we take reversal bars at a swing low is because that's what they are, reversals. If price is going up, it doesnt make sense to take a bullish reversal bar - there is nothing to reverse! In this case, the strong PA to mark out this 'line in the sand' just wasnt there, that big rejection of a level and move in the other direction.. hence the reason I didnt see it as a reason for a trade per se.
Hopefully Mike or Jimroo will be able to add to this,...Ignored
DislikedJust my comment
Swing points simply give you points to identify where to look for a potential trade. THey are clearly visible. So when price is trending down making a new swing low, everytime it makes a new low the trend has continued, but also that new low are great areas for cheap buying. Now again it comes down to location/PA or some combo. So if we make a new low(clear swing point) and we get a so-so PA. Well you can expect a so-so result. If we get a LARGE PA bar that has substantial buying, the probability that there is more buying then...Ignored
DislikedYou forgot one other thing Mike, the swing Highs/Lows provides beautiful S-P-A-C-E.Ignored
DislikedHi guys,
I remember Benji and some others were actually curious about how to create other time frames on MT4. Well here's a very simple and reliable way to do that just in case you haven't found out how to. This is how I created mine.
Steps:[list][*]After placing the indicator in MT4, just drag and drop on chart time frame you want to use to create another.[*]Make sure you check "Allow DLL import[*]From the inputs tab, change the multiplier settings only. For instance if you want to create a D2 chart from D1 you leave the multiplier...Ignored
DislikedYou must note that the "offline" charts are just that . .off line. So they are not recieving a data feed, they're just a snapshot of Price in that time frame.
The periodcon of the time frame you converted will refresh itself but you have to close the plateform and then reopen it. This is the only way I know how its done. And some times it doesn't work. I will have to close/reopen many times to get a refreshed conversion.
Anyone know an easier way?Ignored
DislikedHoly Freaking sh--, . . . . my 12H Usd/Jpy chart is ticking away now. You mean all I had to do was Allow DLL import. S-O-B. I've been closing and re-opening my Plat all this time.Ignored
DislikedMiss a lot of these....
Two Bar Low on GBPCAD 1hr. Equals break of 4hr BEOB too.Ignored
DislikedJust my comment
One of my favorite overbought/sold plays is simple. You have a trending market, it makes a new high/low bounces(people scream reverasl) price then blasts through and makes a new high/low(now we have our divergence) and we get the real buying/selling to kick in. Add in some PPZ, round numbers, your favorite PA bar. The picture gets real clear thanks to mr.james16Ignored