DislikedHey Pin
There is no rule. Proxy can be weeks back, it's up to the end user
Best
MikeIgnored
Thanks Mike.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHey Pin
There is no rule. Proxy can be weeks back, it's up to the end user
Best
MikeIgnored
DislikedHey Pinbar, I love the enthusiasm you have brought to this thread. You remind me of Ghous from a few years ago.
Where did you set your stop loss on the EURGBP? I was debating it back and forth. I am actually still not in the trade, I got close, but my Limit Order is at .8650. I set my stop loss at .8925 and my first TP1 at .8530.
My stop loss is so large, but looking at the trade, I think this is the best bet.Ignored
DislikedThe close of the PB is outside the eye (High) of the previous bar so, it is not a valid PB if we look at it technically.
You can use the eye of the candle to left but that is 4 bars back, not sure how many bars back is allowed for a proxy eye.
Hope this helps.Ignored
All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns.
DislikedHey Jarroo
Funny thing after your PM, I went back and watched one of Jims videos and Low & behold. It is exactly as you were saying.
More eye bleeding is in order.Ignored
DislikedI'm possibly in the minority here, but for me at least... close enough is good enough.
That pin and a copy of it with a close a couple of pips lower are telling the same story, and as long as you are waiting for the break (which you should be, kids) you wont run into any nasty 'buying at the bottom of a trading range like a complete clownshoe' issues.
Rules are all well and good as a framework to get you started and keep people out of trouble, but at some point you have to try and understand why you are doing what you are doing... otherwise,...Ignored
DislikedI trade the 1 Hour to 5 Min in the first year. Moved up to 4Hour in the second year and has recently traded the daily. Trade trendline bounce with fib and candlestick. Always got whipsawed when trend was changing.Ignored
DislikedOr why we dont trade kangabucks when the RBA releases an interest rate decisionIgnored
DislikedWow!!!!!!!!!!!!!!!!
Time for Donkey to get out of that short.
150 pip M15 candle.
This is a good example of why we wait for the break of a PA bar.Ignored
DislikedThoughts on this PB for later?
- Nice pinbar
- With the trend
- RN and Monthly Pivot confluence
Ignored
DislikedYeah, I think I need my FFCAL indicator back.
I read a long time ago that J16 people don't pay much attention to news as it is figured into the PA.
Joel seems to suggest otherwise.Ignored