DislikedHey Ghous,
Where is the video you mention in the PF? Is it a weekly webinar. I watch / attend most webinars ..just making sure i didn't miss this one.Ignored
g.
I believe . . .
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHey Ghous,
Where is the video you mention in the PF? Is it a weekly webinar. I watch / attend most webinars ..just making sure i didn't miss this one.Ignored
DislikedHey Ghous!
This IPB on weekly (FXCM feed) E/U has BRN and FIB retrace,
do we need more PA on daily or just enter Monday at close of the bar with stop above the high and target at low of IPB ?
Thank you!
AttachmentIgnored
DislikedHey Kwi,
I'd first of all second S chaos's suggestion to stay away from trading IPBs until you get a good hang of the basics,
But just to answer the question,
The weekly IPB does look good for sure. It's not at a true swing high (the prior bar marked the swing high) but it's right off the 1.4 which is providing all the resistance. Furthermore there is some genuine fib confluence in this region which makes it even more interesting.
It could be a fair play perhaps with a stop above the prior bar's high instead of a conventional one X pips...Ignored
Dislikednothing big...as yet.
just a first degree in business administration.
g.Ignored
DislikedHere is the link to Mike's IPB video.
Only members can view this.
http://www.james16group.us/forums/sh...&postcount=124Ignored
Disliked
One reason, I believe, that the 4 hour BEOB worked out so poorly was that the previous Daily bar closed above the 113.00. . . because of this, the 113.00 was now a Support level and the 4 Hour BEOB was fighting this . . it didn't have the strength, due to size or stronger close itself, etc., to override this higher time frame level.
JimIgnored
DislikedThanks for the encouragement ATC.
I am just trying to get this down so that hopefully, one day, it will be like riding a bicycle. I am sure we all remember how hard that was to learn and how we soon forgot about how hard it was.
Despite the obstacles ahead of us, the biggest one is ourselves.
But we shouldn't let that deter us.Ignored
DislikedHey PB, inspired by your learning and progress I decided to spend more time with practicing the basics like spotting S/R, watching how price behaves there etc. You just mentioned that you practice finding higher time frame PPZs (e.g. weekly & monthly) on lower TF (e.g. daily) lately. Could you explain this process a bit? Do you spot obvious highs and lows on lower TF and compare them to PPZ on higher TF or is there more to it?Ignored
DislikedOk, open an EU pair on the monthly, sit back in the chair, move a few feet away from the screen and stare at it for 5 mins.
Then put a Single purple line on it at a monthly PPZ that is relevant to where price is, I mean the nearest monthly PPZ to price.
Post the chart and I will post mine. We can compare our charts and discuss them, yours may well be better than mine, so I may learn something.
I am staring. LoL
What constructive fun.
EDIT: Mine is on.
Don't rush though....take your time HS. Imagine this is like your life line while you are...Ignored
DislikedOk, open an EU pair on the monthly, sit back in the chair, move a few feet away from the screen and stare at it for 5 mins.
Then put a Single purple line on it at a monthly PPZ that is relevant to where price is, I mean the nearest monthly PPZ to price.
Post the chart and I will post mine. We can compare our charts and discuss them, yours may well be better than mine, so I may learn something.
I am staring. LoL
What constructive fun.
EDIT: Mine is on.
Don't rush though....take your time HS. Imagine this is like your life line while...Ignored
DislikedSo, here is mine...
I marked some major and minor spots where price was rejected by the PPZ (=support/resistance). After I put the line on the chart I also found it to be near the VBRN 1.4000. For me it is the most relevant monthly PPZ because price is likely to show some bearish reaction underneath this month.
What do you think? Where did you put yours?
Wooow, that is fun.Ignored
DislikedLooks good HS.
I put mine at the 1.4200 rn
Ok, now let's switch the chart to a daily chart and post it to see where we are.Ignored
Dislikedand mine is yet different
but yes I'm playing to see if a little different approach would work for me or not..Ignored
DislikedPB, Can you please reply to my post ?? It is #78231. I had a question similar to HanSolo - on EU PPZs - monthly, weekly and daily.
Thanks in Advance
0908Ignored
DislikedOk, now let's switch the chart to a daily chart and post it to see where we are.Ignored
DislikedOk, open an EU pair on the monthly, sit back in the chair, move a few feet away from the screen and stare at it for 5 mins.
Then put a Single purple line on it at a monthly PPZ that is relevant to where price is, I mean the nearest monthly PPZ to price.
Post the chart and I will post mine. We can compare our charts and discuss them, yours may well be better than mine, so I may learn something.
I am staring. LoL
What constructive fun.
EDIT: Mine is on.
Don't rush though....take your time HS. Imagine this is like your life line while you are...Ignored