DislikedBeen keeping an eye on stocks lately, I see an interesting looking Price Action setup on Daily HUBG (Hub Group Inc)Ignored
Includes an update to HUBG - Price has been repleatedly rejected by that PPZ and still looks heavy
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedBeen keeping an eye on stocks lately, I see an interesting looking Price Action setup on Daily HUBG (Hub Group Inc)Ignored
DislikedHey Spookie,
You end up hitting the wrong road the moment you decide to alter trade/money management strategies for a "small account".Ignored
DislikedSome more stock charts (hope no-one minds) showing Price action at key areas
Includes an update to HUBG - Price has been repleatedly rejected by that PPZ and still looks heavyIgnored
Dislikedhow do you find stocks like this? i know that there are 17000 of public companies... do you search through all of them?Ignored
DislikedWhat does everybody think of this pb thats forming on the eur/chf h4 attached chart?
I have a few questions about it hopefully some of the senior members on her might be able to hep me with.
Does this still qualify as a pb with its nose being within the range of the bar 2 bars earlier? If so, does this make it a bad pb?
Is the retest of the ppz for the third time a good sign? would this tell you it is likely to drop, or end up breaking through and shooting up?
I think imho it is a decent shape atm, albeit with 1 hour left. I also like the...Ignored
DislikedHey Delta
J made a few posts about this
http://www.forexfactory.com/showthre...57#post4008857
http://www.forexfactory.com/showthre...52#post4009052
MikeIgnored
DislikedHey DT
Yes technically this would still be a pin, but yes the fact that nose didn't test above that prior high 2 bars before is a warning sign for me. Notice also 2 bars before was a bigger pin compared to this smaller one. Price may want to test above that high before moving down as it often does when it "knocks up" on an area multiple times. The trend is strong down, so that would be the only thing I can really say for this one.
Notice if we zoom out how less appealing this bar looks. It really doesn't give us a whole bunch of info. Yes...Ignored
DislikedThanks Mike, definately a good opinion to have from what ive read so far on here, which is quite a lot, just havent said too much yet.
Wasnt too sure about the retest of the ppz 3 times to be honest, i wouldnt of took it. I have a really bad habit of being bored, and making reasons to take a trade which im not sure about. I am getting better at it slowly, need to teach myself to just wait for the A+ trades.
Really glad i came across this thread anyway,learnt loads in the last 2 months or so. Thanks again mike.
DTIgnored
Dislikedhow do you find stocks like this? i know that there are 17000 of public companies... do you search through all of them?Ignored
DislikedHey Delta
J made a few posts about this
http://www.forexfactory.com/showthre...57#post4008857
http://www.forexfactory.com/showthre...52#post4009052
MikeIgnored
DislikedHey Spookie,
You end up hitting the wrong road the moment you decide to alter trade/money management strategies for a "small account".
Stop placement is more of a discretionary thing than a rule set in stone but conventionally you want your stops to be at the opposite end of the trigger bar. If you are thinking about reducing your stop on a 150 pip pin bar just cuz you are on a small account and that you want every pip you make to be well worth it, then that's really going to get you in a hole because before you know it you're jumping in with...Ignored
DislikedHey Ghous,
Where is this thread? never seen it but would love to check it out
edit : Your constrictor thread. Can't see my highlights.Ignored
DislikedHey Spookie,
You end up hitting the wrong road the moment you decide to alter trade/money management strategies for a "small account".
Stop placement is more of a discretionary thing than a rule set in stone but conventionally you want your stops to be at the opposite end of the trigger bar. If you are thinking about reducing your stop on a 150 pip pin bar just cuz you are on a small account and that you want every pip you make to be well worth it, then that's really going to get you in a hole because before you know it you're jumping in with...Ignored
DislikedGhous, then again I have heard James16 say he does not take full bar losses.
Is this not the same as reducing the SL for a small account only in reverse as obviously a large account trade means much greater pip value?Ignored
DislikedIf I may,
They are almost the same. Only difference will be the psychological ones.
Bigger a/c, bigger pip value due to bigger lot size and samll a/c, small pip value and small lot size. But the feeling while trading a bigger pip value is quite different.
But yes, if you consider your small a/c as a big a/c mentally, then there is absolutely no difference.
Just sharing my opinion..Ignored