DislikedPoint of interest. Going to watch price at 1.6140 (red arrow)
Mike, Jaroo, ghous and anyone else, let me know what you think.Ignored
Best
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedPoint of interest. Going to watch price at 1.6140 (red arrow)
Mike, Jaroo, ghous and anyone else, let me know what you think.Ignored
DislikedThe gap close trade idea was valid but if trading this way I find it better to exit as soon as the gap fills. I went long AUDUSD when my broker opened too but have exited as price came close to closing the gap on my platform.Ignored
DislikedOh, and im short the AUDCAD. Made a video about it last week at the close of the market.
Just posted it several hours ago on my youtube page. Check it out if you want. Its currently sitting at a small profit... waiting for trade to develop
Anyone else sitting on any positions?Ignored
QuoteDislikedHey RR
Retrace entries are going to be before the bar breaks(the majority of the tmie). So this is part of the disadvantage of possibly entering a bar that never does validate.
Mike
DislikedNice to see you booked some profit. But I couldn't do well with the gaps. Sometimes, they just open with a gap and run away from there never returning back. Experience matters afterall.Ignored
DislikedPlease excuse me, could I pretty please ask you experienced guys a BIG favor?
My English is quite mediocre, despite having seen texts and pictures about entering a pin trade I just don't get how the pieces snap together.
Could you post a picture with dumb-brain compatible text like this?
<picture> with the various parts of 1 ear + pin + 2nd ear.
Numbered sequence of how to enter, with numbers ALSO on the picture with an arrow pointing at the price to enter, like this:
1) First wait for pin bar to go here
2) Wait for price to come back up (or something)
3)...Ignored
DislikedI am following up from my post #71444. Here is one of my favorite set ups with ALL criteria for trading. (A James16 Package Deal in a neat little Box)I know that I speak of bar formation set ups quite a bit. It is because they are most interesting to me. However exits in my book are more important. (I'll start posting more on exits) In the scenario presented, I will wait for two consecutive and opposing pins to print on any timeframe. When this happens, I will fib the range and when price breaks the range, I will look for a retracement move back...Ignored
Dislikedhi kissfan,
thanks for the stratgy. how do you calculate the pivot ? is it the midpoint of the range ? in the chart whats FIX ?Ignored
DislikedInteresting !! But Kiss, how long or how many bars you will wait for the retracement bar to hit the pivot point in order to hit your order ?
In this specific case,
1) the first bar after two pin bars, hit the long strike point.
2) But the 2nd bar, did not retrace enough to hit the pivot point.
3) now, how long this setup is valid ?Ignored
DislikedHey there,
Did you go through the videos on the guest side of the James16 PF?
We have some great introductory videos from the big guys there:
Take a look, and let us know if they weren't sufficient enough
videos
g.Ignored
DislikedI watched them with great satisfaction and indeed learned a TON. But still, maybe because I just don't understand what they say well enough, I am still at a loss about the precise temporal sequence of placing a pin trade in action. A step by step approach, ie "place limit (or stop? Boh) order HERE but only after THIS and THAT" happened.Ignored
DislikedIt seems that the support area near 1.2735 has turned into resistance. Am i right? Or is it too soon to tell?
Maybe now the big weekly BEOB will have the chance to prove itself.Ignored
DislikedIt seems that the support area near 1.2735 has turned into resistance. Am i right? Or is it too soon to tell?
Maybe now the big weekly BEOB will have the chance to prove itself.
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DislikedIgnored
DislikedThere is no weekly BEOB.
There is 27 pips difference in the high of those candles.
Any more than 2 pips difference invalidates the bar as a BEOB.Ignored