Dislikedhi, senior traders,
I am demo trading G/U on 4hr chart, is this a valid IPB? By now it looks ok, but need your comments.
Thanks in advance.
JasonIgnored
IMHO
Lets see what Ghous have to say.
.
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedhi, senior traders,
I am demo trading G/U on 4hr chart, is this a valid IPB? By now it looks ok, but need your comments.
Thanks in advance.
JasonIgnored
DislikedWell if it had formed @1.5500 (near swing point) then it would've been very interesting with chances to hit 435-430.
IMHO
Lets see what Ghous have to say.
.Ignored
DislikedGood afternoon everyone, from GMT +2!
I´m very interested in your thoughts about the EURGBP D1 BUOB. It is pretty similar to GBPCHF, 1 day reversal at Weekly TL. To me, wonderful trades both.
I didn´t take red pips, thanks to buffer-entries, but i´ve been thinking my ass off that am i doing something wrong or is it just an example that "you never know.." exists. Now, both are confirming breakouts through Weekly TLs..
Thanks in advance!
NucIgnored
Dislikedhi, senior traders,
I am demo trading G/U on 4hr chart, is this a valid IPB? By now it looks ok, but need your comments.
Thanks in advance.
JasonIgnored
Dislikedu have an excellent idea of what is important.
the rest on the list are derivatives of price, so u can use them & place weight on them for yourself (personal taste).
about pins, the right eye is the current price. sometimes the right eye is the bar/candle where price moves in your favor. sometimes the right eye is a bar that stall/ranges/retraces into the pin (or any other trade setup we trade here, for that matter) before price eventually goes in your favor.
Hope this helps a bit.
& Welcome!Ignored
DislikedI like that stop placement.
I mentioned earlier that I like IPBs which have their shorter wicks inside the range of the previous bar as I can then place my stop above the previous bar's low/high for added security.
this one was a good example, I didn't take it but should be fun to watch how it unfolds.
g.Ignored
Dislikedhi, ghous,
Thank you for the comment
Your data feed is a little bit different with the chart I posted (FXPro). My question is, if the close price of the IPB is higher than the close of the previous bar, is the IPB still good?Ignored
Dislikedhow the hell.... I don't even.... ?????
I cannot understand what happend there....Ignored
DislikedIt is still good. What makes or breaks an IPb setup IMHO is the length of the longer wick on the IPB. The body and the other wick have to be small of course but what I really look for is a long tail which preferably covers most part of the previous bar (the bar before the IPB)
The Gu IPB would hence qualifies as a good setup in my book.
g.Ignored
DislikedI'm new to forex trading, as well as this forum and have been studying James' method for the past few weeks....Ignored
DislikedGood afternoon everyone, from GMT +2!
I´m very interested in your thoughts about the EURGBP D1 BUOB. It is pretty similar to GBPCHF, 1 day reversal at Weekly TL. To me, wonderful trades both.
I didn´t take red pips, thanks to buffer-entries, but i´ve been thinking my ass off that am i doing something wrong or is it just an example that "you never know.." exists. Now, both are confirming breakouts through Weekly TLs..
Thanks in advance!
NucIgnored