DislikedI did't see that set up discussed here.
50% closed @1:1, moved to BE remaining position (already 20 pips to TP).
Ignored
Way to go E very nice
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI did't see that set up discussed here.
50% closed @1:1, moved to BE remaining position (already 20 pips to TP).
Ignored
DislikedI am also a learner.. so wait for seniors comments before taking my word.. but however, what I see is - PB's close is not below the open. I guess this is one of the rule to call this technically a PB.Ignored
DislikedHello Adilius07,
what u can do, though, is save profiles the way u like them.
if u want 20 pairs in H4 TF... have all 20 pairs in H4, then save a "H4 profile". to do that, once u have the 20 charts all on H4, go to
File > Profiles > save as ... then name it appropriately (example, "H4 charts)"
to access your profiles
File > Profiles.... u will see a list of profilesIgnored
DislikedIgnored
DislikedIgnored
DislikedThis one looks good (for a long) to me for next week sometime...Above 1.3560, I'll be lookin to buy...Ignored
DislikedJust found out why I got stopped out on USD/CAD after Tp1 and then moving the SL.
price was stalling a bit and I locked in 25 pips profit. Now, I could have locked in just 10 pips profit as I had already taken half off the table at TP1.
Perhaps, being over protective is not a good thing, ONCE we have taken TP1.
Still. it could have been worse, I could have lost out on this trade instead of bagging nearly 60 pips.
EDIT: Possibly I need to work on trusting the daily setup more and working out where a particular setup is likely to stop.
The next...Ignored
DislikedThanks guys.
All 3 great tips.
I can see using Matty & Jim's suggestions more often because I hit Ctrl+F5 instead of F6 & changed Profile by accident.
Bill.Ignored
DislikedHey C an T
For a pinbar to be a pin as per J16 the open and close have to be within the prior bar. I prefer things like a lower close etc.
As for this trade this trade is happening in a lot of traffic thus I would be looking to the major round number of .7000 directly below us as the first trouble area.
Hope everyone is having a nice weekend
MikeIgnored
DislikedI am already on this ride. I posted a double high on the daily earlier in the week.
The Dow and all the other stock indices took a battering on Friday. I expect no rest bite next week.
I noticed there was a pinbar on the weekly chart for the Dow.
It pierces the 150 ema.
The wick is 245 pips.
As I say I am gunning for this one already but thought others might be interested.
There are pb's on several other major indices and Brent crude oil - what a surprise - bet you there's one on Tiffany shares as well (I haven't looked yet)..........Ignored
DislikedI guess you could use the previous bar high with the IPB . . like a proxy high for an IPB . .what you think g?Ignored
DislikedCould be some added support for this PB. Or is the bull flag still in play.Ignored
DislikedYour profile is also listed in the bottom status bar of MetaTrader and you can click on that name for a quick way to switch profiles. Note: any changes you make to charts are immediately saved to the profile definition. So you might want to make a pristine copy (H4_Default, Daily_Default) of each profile and then work with a copy of that profile. That way if you change your charts you have a clean profile to go back to.
If you have a lot of charts you want to set up your particular way, it's easier to make one chart look perfect and then simply...Ignored
Dislikedyep this is my thinking too, not surprised we are in the same mindset thoughIgnored
DislikedThese areas of consolidation (or boxes) tend to form PPZ levels. Or you can say that PPZ levels form areas of consolidation. I think both statements are correct.
These "boxes" will break out and retrace back to the box. On its retrace or retest of the box, this is where we would like to see Price Action to confirm a continuation of that breakout. The Mike classic breakout/pullback with PA.
Your 4 hour IB was actually one way to trade a breakout pullback with PA.
What made this IB tradable was the support of the PPZ level 1.0380, the support...Ignored
DislikedThanks for you input Jim.
Looking at it right now, I think I could possibly have managed it better if I had not been switching form TF to TF.
I shall work on this.
Tomorrow is a national holiday here in Japan so the Asian may be a bit slower than usual.
Thanks again.Ignored