DislikedThx for your words Ghous, could you tell us more about the story of the gbp/chf trade if you don't mind ?
Thx.
Os.Ignored
Starting from daily PA.
g.
I believe . . .
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedThx for your words Ghous, could you tell us more about the story of the gbp/chf trade if you don't mind ?
Thx.
Os.Ignored
DislikedQuestion ? If this daily bar finished as is , do we regard this inverted pin bar ?
Thanks in advance
VIgnored
DislikedHi guys
got in on the GCHF Beob and took profit for 2% gain (demo). Sticking to daily/weekly for now and this trade puts me in the black for the year as I have only taken a few trades. Encouraging signs but long way to go for me yet!
KalIgnored
DislikedLet's try this example . .See this Weekly "setup" in purple, let's call it a 2 day PB. It has its target in purple. We want price to close below its target to see if it can go lower. But we have to wait untill the end of its week. It closes below on the weekly . .cool. Now look at the Daily TF during this week. . .Daily chart not shown, you have to look at it. .. . .could you hold on untill the week's end??Ignored
DislikedHey Menomoo,
We like our IPBs at swing highs. This one isn't exactly at one. Its tucked up under the 1.37 which is nice but I don't like the proximity of the previous two swing high points being so close to the IPB.
On a broader scale, we have just bounced off the very important higher range of the consolidation box, and so that does sort of take a good chunk of a healthy story out of that IPB if you know what I mean. As I see it we may also have just broken out and pulled back to the bullish flag pattern trend line.
Hope this clears things...Ignored
Dislikedif im right with my chart then
yeah..that was scary..but then we gota wait til the week's end..weekly setups on weekly chart...n daily setups on daily..this would be better..
(1.6170 target as u mentioned in ur chart)Ignored
DislikedTouch trade long
confluence----- ppz and RN 1.28 and 50 fib---and we get the bounceIgnored
DislikedWill be interesting to see how the daily closes, very big bar out of this range. Ideally it would have been a smaller bar closing out of this range instead of moving so far already
Best
MikeIgnored
DislikedIts amazing to see how market ACTUALLY respects all KEY levels n then find a setup over there n there u go!...as Jarroo always mentions it!n it works!!
Thanks JarrooIgnored
DislikedYou lost me here Mike . .don't we want a big bar out of its range at the break out??Ignored
DislikedYes and No for how I trade
Having such a big bar cuts off a great deal of exit flexibility now as most of the major areas have been hit except the most important(the lower most blue line).
If price closed higher up(say at red market) but still strong out, you now have a lot more room and flexibility(space) to work with and larger potential. Such a large bar makes it a bit more tricky
I will probably talk myself into it, or the gbp/jpy for a quick hitter but it would have been a much better opportunity(start to finish) with a higher up bar...Ignored
DislikedOh I see now . . maybe how it closed on the 4 hour . .something like that or was that to big also.
thanks Mike.Ignored
Dislikednope 4hr was good, talked myself out of it coming off holiday and it was 8pm est roughly. That one I lost a bit of sleep on lol
MikeIgnored
DislikedThat was momentum building on the holiday . . . lol
Mike could you tell us how Price Action predicted Libya, and NZ earthquake?Ignored
Dislikedaint that the truth. We just have to get out of our own way. I still find ways to do that
MikeIgnored