DislikedThis BUOB is looking good off a PPZ and nice size.
If it can stay above 1.2900, it looks good to me.
Anyone seeing this? Comments?
-- DannyIgnored
But that 20p spread is a real deal killer...
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedThis BUOB is looking good off a PPZ and nice size.
If it can stay above 1.2900, it looks good to me.
Anyone seeing this? Comments?
-- DannyIgnored
DislikedJust thought I would throw up a chart with the first trouble area to add to your analysis. I would have liked to see a lower low on the BUOB itself personally...Ignored
DislikedThanks for the chart Mike. Why the lower low? Does the quality of the rejection improve the deeper it goes into the PPZ?
Thanks neutro, considering the FTA and the spread, this could get dicey to manage.
-- DannyIgnored
DislikedAnother valuable lesson for me.. It's almost tenth time i cancel order that worked out ONLY because of opinion of other members. Absolutely i'm not complaining that others told me: be careful, and they were wrong, no, they weren't, i'm grateful for that and looking forward for more advices but i need to remember that it is up to me if i decide to take the trade, no one here will decide or do it for me. This is a little frustrating, but do you know what would be more frustrating? if someone here told me to take the trade and it failed. But then it...Ignored
DislikedWhen you get those really deep lows/highs on outside bars it shows a real solid test of the orderflow underneath our areas. So if you pick the right area, get a very solid test and rejection that is some major sign of where price is going.Ignored
DislikedUSDJPY is 'coiling' up for a new run up. Or is it down? These I4B are tricky.
Amen from the back row.Ignored
DislikedI'm going to say down?
lol I'm so bad at predicting which way price will snap through, the good news is, it doesn't really matter which way, just that you are along for the ride.
Daily squeeze alert/I4B just formed on the daily charts for U/J (fxpro)... play accordingly guys.Ignored
DislikedI was just looking at how tough it is to trade UJ IB's. Over half of these daily IB's end up engulfed by the very next bar. I'll be watching the lower TF's for a bead on this one.
K.I.S.S.Ignored
DislikedUSDJPY is 'coiling' up for a new run up. Or is it down? These I4B are tricky.
Amen from the back row.Ignored
DislikedI was just looking at how tough it is to trade UJ IB's. Over half of these daily IB's end up engulfed by the very next bar. I'll be watching the lower TF's for a bead on this one.
K.I.S.S.Ignored
DislikedIts also a Double Inside Bar that just broke. Same with the 4 hour Gbp/Jpy. Nice.Ignored
DislikedWhat set this one apart is that its a Double Inside Bar. Let's see if that makes the diffence.Ignored
Disliked10 more pips and we will have a decent PB.....
.
Would anyone take it.
.Ignored
Dislikednone of the ibs you have highlighted there are squeeze alerts though! this one today is a legit squeeze alert pattern.
imo, that makes a very big difference!Ignored
DislikedDanGilbert 'coined' a term for (possible) breakouts off of multiple IB's:
here.
in other words, Dale's Doubles or IxB's.Ignored