DislikedThanks Mike.
I actually meant the 1.02000 area and as you say, it must have been the bears jumping on the weak buyers there.Ignored
Best
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedThanks Mike.
I actually meant the 1.02000 area and as you say, it must have been the bears jumping on the weak buyers there.Ignored
DislikedOh I wasn't aware you meant that first large push up. This is actually classic PA stuff. You get a stall out at the BRN(this case parity first time there in a long time , so as expected). THen price moves down slightly but the bears aren't there. Then you get a move above that last swing high and the true selling comes in shaking out all the weak sellers.
Best
MikeIgnored
DislikedHi guys,
maybe some1 can answer this question, every MT4 broker's that have different timezones will show the close of daily weekly candles differently,(eg. one broker might look like a pin bar and the other not) is there a suggested broker that most of u use as to not have this confusion.
thx on advanced
I have attached the 2 brokers platforms that i use. you can clearly see the difference between the daily charts here.Ignored
DislikedThere you go Hans. The I4+B (I23B) on the Weekly Eur/Chf.
This one shows the beauty of this setup, meaning how the I4B is aligned with a BRN, 130.00.
The stop loss placement, like with all IBs, is at the opposite end of the I4B. But you can gauge the setup by how Price reacts to the BRN. In this case, the 130.00 acted as Resistance. You can see on the Daily, no bar closed above the 130.00.
Ideally we would like to see them break hard and never look back, but this one came close and made sense why it did, what it did.Ignored
DislikedImpending IPB resting on 1.33 on the 4H EurUsd. The bar is decent I think; if it closes above (but not too much) 1.33,a long play is possible.
Confluence would be a 61.8%fib retrace of the most recent upswing trend beginning 1.32 or thereabout.Ignored
DislikedHey Jarroo !!!
Im trying my best to take the best of the best... sometimes you see a big BEOB and you just wanna trade it..its like something impulsive..you see two confluence and.. Im in.. but im slowlyyyy becoming more picky, long way to go yet.
Ive gotta work bit more with the story of the setup, im missing some trades cause i see a very near FTA, but the story of the setup will make it valid, UJ 4hr BEOB we had on Monday was an example.
Thx for your words, buddy.Ignored
Dislikedi must have missed that -but which post are you referring to?thanksIgnored
DislikedI should have posted this earlier.
Daily PB off the Weekly BEOB previous bar Low.
You all know about the previous bar Lows on BEOBs (previous bar Highs on BUOBs). Hopefully this is a good example that explains it.
Any one know where my targets are??
gotta go
be back later.
JimIgnored
DislikedIt'll need to close above 1.33 to show true strength (like you said)
g.Ignored
DislikedAnyone managed to take a position on GU breaking (funnel) upward channel on the retest ?
Ive just woke up and seen this... Ive gotta wake up earlier next yearIgnored
DislikedVery nice story you got the Os . .
Classic Mike formation breakout / pullback.Ignored