DislikedHi Ad,
I think u just try to complicate things for u.You are just trying find...Ignored
Cool, I will just go and see what I can make for myself with this concepts. Time will tell. Thanks
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHi Ad,
I think u just try to complicate things for u.You are just trying find...Ignored
DislikedHi Guys,
Is this thread has only four stars now?well FF si really funny.Ignored
DislikedThanx Mike for your reply. I've another question. If you take a trade off the daily chart for instance, do you then take the PPZ's on the lower TF, for example a PPZ on the 4H-TF, in consideration or do you just ignore these lower TF PPZ's and only consider the PPZ's in the TF in which you trade, in this case the daily. Also when do you consider a PPZ to be minor, has it to do with the number of flips.
May the force be with you.Ignored
Dislikedhey John
Welcome sir
For a DBLHC, remember the Close must close above the previous bars high.
Let us know if you have more questions
MikeIgnored
DislikedOk thanks mike
Another question
Is this a PinBar on the USDJPY Weekly ?Ignored
DislikedOk thanks mike
Another question
Is this a PinBar on the USDJPY Weekly ?Ignored
DislikedIf you take everything into consideration, how will you pull a trigger? There is always something that will not align. Just to take the example Mike gave the detailed overview. (Jim's son chart)
If may I ask which one do you think is the best setup if all your criteria is met?
EDIT: and if you make location more important than bar itself, I think you make it even harder to choose?Ignored
DislikedFTA = blue box minor PPZ
Notice the 85 mark is very important to hold and if it gives most likely this won't play out as expected. Good to see it close above 85 but would have like a stronger close and bigger nose. I will be watching the 85 mark on the lower timeframes closely thoughIgnored
DislikedSo you don't take the daily PPZ at the RNB 8600-ish into consideration as a possible FTA ? This really confuses me, say if price would stall at a daily PPZ/FTA how could it then even reach a FTA on the weekly ?Ignored
DislikedWouldn't it be more logical to manage your trade when price hits the daily FTA, although you toke a trade off the weekly ?Ignored
DislikedHey ad, I seem to have the same problem. For instance if I see a valid PA on the daily, I like to switch to a lower TF (ie. 1H TF) to optimize my entry as I explained earlier. But when I switch to a lower TF I seem to see much more PPZ's, which I didn't see on the daily. Then I think by myself, how do manage daily PA by only looking at the daily TF, as the senior members told me to do, without taking these lower TF PPZ's in consideration ? When I see all these lower TF PPZ's I start to hesitate, because I've learned that position, traffic, FTA's,...Ignored
Dislikedsure 86 could be considered part of that FTA, but again it depends on the trader....Ignored
DislikedI thought I would go through this in a bit more detail. Again refer to my last post. Just b/c Jim, his son, or anyone else takes a trade doesn't mean you have to . You have to develop this part of it.
But I marked what I consider the best of the bars and I will let you judge if they are good or bad to take.
...
Notice how important understanding where price is going is in ALL these examples. Do this with all your bars and your trading will never be the same
MikeIgnored
DislikedMaybe if someone is interested, I'm gonna share how my trading is going... I found interest in trading at the end of 2008... found j16 thread/method in november 2009... stutied a lot.....Ignored