Got a couple of IB on the Daily. Bet Dans drooling.
Here's my favorite, any comments?
Here's my favorite, any comments?
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Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedThis is a good lesson in ALWAYS assessing your Risk:Reward ratio before u take a trade. If your rewards is not at the very least 2 times your risk you are going to hurt yourself in the long run.Ignored
DislikedGot a couple of IB on the Daily. Bet Dans drooling.
Here's my favorite, any comments?Ignored
DislikedWell, I think that is your problem....the FTA needs to be drawn on higher TF.
Jarroo, is using the weekly candles for FTA even on H4, and notice how price bounced off the daily FTA I drew on the daily chart.Ignored
DislikedThis is a good lesson in ALWAYS assessing your Risk:Reward ratio before u take a trade. If your rewards is not at the very least 2 times your risk you are going to hurt yourself in the long run.Ignored
DislikedThis is a good lesson in ALWAYS assessing your Risk:Reward ratio before u take a trade. If your rewards is not at the very least 2 times your risk you are going to hurt yourself in the long run.Ignored
DislikedThis is a good lesson in ALWAYS assessing your Risk:Reward ratio before u take a trade. If your rewards is not at the very least 2 times your risk you are going to hurt yourself in the long run.Ignored
DislikedA game of probability for sure. Losses may happen. Anyway, only one loss so far this month. Still happy.Ignored
DislikedHey pmr, you might have missed these posts from Mike and James16:
http://www.forexfactory.com/showpost...ostcount=70154
http://www.forexfactory.com/showpost...ostcount=70155Ignored
DislikedThx J .. however i will kindly disagree (but we wont open up that can of worms again then)Ignored
DislikedCons: Little bit consolidation
Bar size is just ok
Pros: Swing Low
Closed above 75
Tested BRN 74
PB at deep retracement (Between 61 & 76)
Thoughts ?Ignored
DislikedI missed this one on the Eur/Cad.
4 Hour BEOB at and through the 1.3350. Engulfing many bars, the close below the 1.3350.
What would have gave me confirmation or confidence to take this setup was that the Weekly Bar closed below the 1.3350. Support turning into Resistance.Ignored
DislikedHi Jaroo
Ref this post on EU/CAD (seems a long time back - this thread is fast!). Been looking at this from weekly DBHLC(?) off 1.35 - reckon a reasonably clear run to 1.3?
Thanks
JIgnored
DislikedWith all that talk I did on Outside Bars and DBLHC-HLC and I didn't even mention that the 4 Hour BEOB agreed with or confluenced with that Weekly DBHLC . . . . . I saw it there on the Weekly but didn't mention it. . .go figure.
I like it J . . . I wouldn't rule out the 1.2500 either.Ignored
DislikedThanks Jaroo - still at the pre - demo stage but think am slowly getting the hang of this (or should I say, making less mistakes). Weekly PA on BRNs seem a really powerful combo (for confluence on daily PA and 4hr entries).
Thanks again -
JIgnored
DislikedWith all that talk I did on Outside Bars and DBLHC-HLC and I didn't even mention that the 4 Hour BEOB agreed with or confluenced with that Weekly DBHLC . . . . . I saw it there on the Weekly but didn't mention it. . .go figure.
I like it J . . . I wouldn't rule out the 1.2500 either.Ignored
DislikedHey Jaroo, looking at the weekly chart 5 bars prior to the current bar which is a BUOB ( a good one IMO), would you not agree that a person playing the enter-at-break would have been in heavy drawdown by now?
(assuming his SL is at the other end of bar)
Could we say that will be a decent setup that did not go well? I am keeping a lookout for decent setups that 'fail' just to satisfy myself that not all decent setups work (unless this BUOB is not a good setup)
Your thoughts please
CYIgnored