But boy how much more parabolic can we get ...
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedhey guys what do you think? its on some pretty good support, kind of hanging around the 50% fib howeverIgnored
DislikedHey Guys,
Is that a Pinbar forming on the USDCAD? It bounced off a good support line (see history).
Let me know your thoughts. No puzzles please.Ignored
Dislikedhey guys what do you think? its on some pretty good support, kind of hanging around the 50% fib howeverIgnored
QuoteDislikedalways be cautious of divergence in a strong trending market
DislikedI don't know about puzzles but I have a chart
cad finally broke out of a pretty tight range and has been some strong bearish days. this pin if closed now would be a very weak closing suggesting more downside after maybe a small bounce up(to the very first trouble area if that). Unless you get a super strong close I would not want to fight the current of big bearish bars
Best
MikeIgnored
Dislikedtook a short on gu got stopped out again. enter 5850 sl 5890
so what am i missing because i have been getting beat like a mule this year. there has to be a solid reason? something technical?Ignored
Dislikedthe CONS are much stronger in my opinion. The problem is you are essentially trading right into the first trouble area since it is at a swing high and in a lot of traffic. It doesn't make it unplayable, but if you choose to play them at this location you have to be fully aware of that negative(which in my eyes is too high to make it worth trading).
MikeIgnored
DislikedYou are trying to play a continuation Pin bar which is not at a decent pull back which can always be tricky.
Now looking at a zoomed out chart, the Pb no longer looks to have that longish look we like it to have and clearly the FTA which was very close is already hit. IMO it's just a little shady and well short of the A+ caliber.Ignored
Dislikedbearish the day before? over sold like a B? it looked good to me i will be honest.
so what didnt i see?Ignored
DislikedAll true. I confess I bit on a less than perfect setup (before I posted it). I talked myself into the trade. It retraced all the way to the end of the PB today and taught me a valuable lesson about patience. Despite it being a demo account, it stings.Ignored
Dislikedtook a short on gu got stopped out again. enter 5850 sl 5890
so what am i missing because i have been getting beat like a mule this year. there has to be a solid reason? something technical?Ignored