Which way we going and why FTA's ???
Daily PB , lo 370.50 close 371.75
Daily PB , lo 370.50 close 371.75
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHere's a Where is price going chart...This is the daily chart.
Don't be fooled by it being on the right of the chart, I moved it over there.
I will post the answer tomorrow to give people a chance.
No, up and down answers, please.....LoLIgnored
DislikedOk, must be going here... it is a strong support level as I see it. Not FTA, I would take my profits there as I think price is more likely to consolidate then above this level and below my entry...Ignored
DislikedHey Adi...nice job...These one of my favorites...James and Seniors have highligted these, i.e.
Double tops, PB, with Div.
I see 3 trouble areas or places to take profit...IMO...appears that moving stop ala Mike 2 bar method would have held me in the trade to the 3rd area.
Regards,
BillIgnored
DislikedHere's a Where is price going chart...This is the daily chart.
Don't be fooled by it being on the right of the chart, I moved it over there.
I will post the answer tomorrow to give people a chance.
No, up and down answers, please.....LoLIgnored
DislikedHey Adi...nice job...These one of my favorites...James and Seniors have highligted these, i.e.
Double tops, PB, with Div.
I see 3 trouble areas or places to take profit...IMO...appears that moving stop ala Mike 2 bar method would have held me in the trade to the 3rd area.
Regards,
BillIgnored
DislikedHey Gang,
I just wanted to post some charts with my comments and get some reactions from the more experienced traders to get a sense of what I've absorbed correctly and where I still need help....Ignored
DislikedHey Gang,
I just wanted to post some charts with my comments and get some reactions from the more experienced traders to get a sense of what I've absorbed correctly and where I still need help....Ignored
DislikedWhat you see on that chart is precisely the biggest dilemma of back...Ignored
DislikedGood post Ghous and I am glad you made it as I think I also fall into this trap of over analysis and back testing bars with the information on the right, sometimes.
Something I am thinking about right now, is drawing NO ppz at all, watching areas for possible PA, then if there is a good PA setup, analyze the story and the bar, for REAL locational prospects or non prospects, bar size, FTA Confluence, and just take the thing, without thinking too much more about it.Ignored
Dislikedhi atc , i dont see the div. u have marked on the chart. i do see divergence on the indicator just not where u marked it???
jonIgnored
DislikedThat's what I do Pin Bar,
Not to say its the only right way to do it, but it does help me in analyzing setups without any bias at all. It helps me not jump into a pin bar "because I had drawn a PPZ 2 weeks ago and all this time I was waiting for price to hit it and provide some PA - in this case a pin bar" I understood very early, that such a mindset was making me overlook the essentials of a valid trade setup.
g.Ignored
DislikedYes the .8500 BRN is a concern . .but both the Daily and Weekly closed above the .8450;our strong confluenced Support level . .and now we have a pinish looking BUOB (remember I like those . ).
So this will be one to watch and/or demo, looking for it to go up beyond the .8500Ignored