DislikedMy first pick for next week. A-C weekly, nice bearish IPB at a swing high and @ BRN 10000.Ignored
I got my eyes on that one myself.
I believe . . .
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedMy first pick for next week. A-C weekly, nice bearish IPB at a swing high and @ BRN 10000.Ignored
DislikedMy first pick for next week. A-C weekly, nice bearish IPB at a swing high and @ BRN 10000.Ignored
Dislikedhey xmzhang,
for a bearish ipb, u actually want the ipb bar to be bearish .....
check the daily tf, it looks much better, bearish ipb off 1.000 BRN and also a double top
entry = close of ipb
stop loss = above bearish ipb
FTA = low of ipb
cheersIgnored
DislikedJust like the color of the bar is not extremely important with pin bars likewise it isn't all that important for IPBs either. Don't get me wrong, a bearish IPB with a close below it's open is always preferred but a bullish close will still do given that the IPB (bearish) doesn't close very near or at it's high.
Clearly, there are hints of rejection off that prior week's high - needless to say that is of 0 surprise due to the VBRN.
g.Ignored
DislikedMy first pick for next week. A-C weekly, nice bearish IPB at a swing high and @ BRN 10000.Ignored
Dislikedwatching this trade for next week
could do with a bigger pin but feel it might be worth a shot
major support
1.618 extension, similar drives
are we heading back up?
AttachmentIgnored
DislikedHey pocrel
I get very nervous when I see people trying to take these. This one is super super tiny and trading right into the BRN of 1.5500 Please be carefulIgnored
DislikedIn MT4, right click on the chart you want to save, then follow the steps in the screen shots.
For some reason, the order of the pics posted is wrong, just make sure you follow them in the order of 1,2 &3.
And when it ask you, where you want to save it, change the default setting to the desktop, or it will save it inside the Mt4 templates folder, which is a pain to get to when you want to post the pic.Ignored
DislikedThe 2 Day chart shows it as a BUOB that broke . . a good sign, meaning the BUOB is validated. Even if it wasn't validated, by not breaking, a retracement entry is still viable as long as it is well supported.
The general retracement level is the previous bar High with BUOBs (previous bar Low with BEOBs). . .
But if there is other levels witnin the Outside Bar that look strong, like a PPZ level and/or BRN with other confluence (Fib levels, 50% Ret., Divergence), strong proven Support (BUOB), strong proven Resistance...Ignored
Dislikedyup cant agree more with u Ghous
i usually reverse the ipb to form a bearish pin @ swing high for better viewing
i also look at the story that bar is trying to tell on a lower tf, i see around 40pips hard stop
what i like is the low risk : high reward the ipb provides
cheersIgnored
DislikedIn that case we will even have a better R:R, if that's what you like http://cdn.forexfactory.com/images/icons/icon10.gifIgnored