g.
I believe . . .
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedunreal stuff, 9 months in I was dripping a sandwich on my keyboard and buying or selling where the mustard landedIgnored
DislikedI am the conventional type Nasir. I sleep early and then wake up early at about 5-6 am in the morning, take/manage trades and then go back to bed if uni's late that day or else I just take my bath and head for uni.
Abt the size of IPBs, I like'em long and big just like you'd like a pin bar. However I don't look for the longer wick to exceed the previous bar but then the IPB itself needs to be considerably large compared to the bars prior to it.
As a classic example look at the daily gold bar and compare it with the aud/chf weekly IPB I described...Ignored
DislikedMy 2 cents. Though I can't comment on the quality of the pin bar( leave it to Mike and other seniors), shorting here is against the daily trend.
Based on my charts as long as the price holds above 1.060, long term uptrend is in place.Ignored
DislikedI am not hinting towards any correlation. Just saying that this was the second occasion where 2 side by side recent IPBs worked out the way I wanted them to,
g.Ignored
DislikedMy 2 cents. Though I can't comment on the quality of the pin bar( leave it to Mike and other seniors), shorting here is against the daily trend.
Based on my charts as long as the price holds above 1.060, long term uptrend is in place.Ignored
Dislikedthat zig zag thing you have on the chart, anybody aware if MT4 has something like that? seems like a cool way to see swings simplyIgnored
DislikedIt helps identify trends clearly.. You can find zigzag indicator for MT4 here -http://www.forexfactory.com/showthread.php?t=227018Ignored
DislikedYeah you could see how the 125 is tested and if price rejects hard off it then move your stop up. Or if it breaks through see how price pulls back to it and if it finds support you could find yourself in a nice trade.
Here is probably the most interesting one for me, but the large bearish moves will keep me sidelined.
MikeIgnored
DislikedGreat minds think alike on CJ. On both accounts.
The CHF pairs are scary at the moment. They keep intervening randomly.
I have to admit , I'm spooked out of trading them for now.Ignored
Dislikedhahahaaaaa that is funny. well actually he has been following james for quite some time now. keep at it and push yourself and you will be better than mike within a short while. how good is he really? honestly. You already know everything he does. being a broken record sounding off on j16 material helps new people on the forum immensely but it does not make you great.
james16 is great. one of a kind
two beer downIgnored
Dislikedtwo small very counter trend bars. Are they tradable? You bet. But did you take notice of where price would have trouble?Ignored
DislikedThanks for the reply. Does 2 IPB's at a good location makes the case more stronger for a price movement in the direction of the bar instead of one pin bar ?Ignored
DislikedHi Mike, got a question for you on CAD/JPY.
Why do you see the 92 as the first trouble area? Is it because of the BRN? I missed that one because other than 92/RN, I don't see anything else. I put my FTA more to to second area you highlighted, around 91.50. Hope you could explain. ThanksIgnored
DislikedCan you explain what this intervention they perform is accomplishing?...Ignored
Dislikedthe SNB (Swiss central bank) intervenes to prevent CHF from strengthening further.
a strong CHF [or any currency for that matter] is 'bad' for the economy ('bad' in terms of Swiss exports: swiss watches, swiss cheese, swiss chocolate , swiss knives, anything Swiss )...
im not that great at fundamentals, so something along that line.Ignored
DislikedI understand that, but the trend just continues in the direction it was going after the whipsaw...... ???? doesn't intervention mean a trend reverse?Ignored