DislikedThis is CADJPY Daily PB on Alpari feed. My Oanda looks even better.Ignored
good Trading!!
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedThis is CADJPY Daily PB on Alpari feed. My Oanda looks even better.Ignored
DislikedIf that PB breaks and it get's past the support at around 114.73, it has nearly 80 pips to the BUEOB previous bar high.
That is more than enough room to trade in.Ignored
DislikedHi Ad,
Don't want to dissuade you or anything but these boxes really scare me. Same thing with GBP/JPY, difference being there is not as much congestion here. From my understanding Mike really doesn't trade back into these areas. Would really like to hear his take on these. Your FTA will most likely be hit but these are just some things to consider.Ignored
Disliked]
Hey PB,
You can probably squeeze some pips out of all these Yen pairs. I guess it depends on how you approach it. Personally I would only like to take the best setup and for me that seems to be GBP/JPY, it seems to have more confluence and much more going in its favour. This is just my view.
CheersIgnored
DislikedI think if we go back to James16, we can keep it really simple and get an easy answer.
Do we really need to see 10 bars into the future?Ignored
DislikedNot sure what you are talking about, to be honest.
But, if you are talking about identifying PPZ where price may or may not in the future show us PA/ I personally feel we should pay attention to this.
In fact in many of Jim's videos, he says, "You should keep these lines on your charts". Meaning, we should draw a wide enough range of PPZ where we can look for PA. Seeking light draws his PPZ about 3ooo pips above and below price.Ignored
DislikedI was thinking the same thing myself!
Checked it out, and it seems .png is better quality
Edit: Damnit. I saved and uploaded as .png, and it's still displayed as a crappy jpg. Anyone know a way to get higher quality charts up?Ignored
DislikedJust finished marking up my charts for next week and after that I decided to just have a quick look at another PA thread.
In the thread this EJ PB was mentioned as a warning and the fact of the progressively higher lows were mentioned. It was also stated that you can make some pips of a setup like this but basically the opinion was against it.
Anyway, I am looking at this on the weekly and we have, a rather large weekly BUEOB. Not a swing low but it is rather large. However, it is also the third touch of the TL with the 50 fibo as confluence.
I...Ignored
DislikedI like this one the best, because it doesn't have as many pit stops as the other yen crosses have. If you're in at 114.70, the first trouble area looks like 114.20. That's a lot more room to work with in my opinion.Ignored
DislikedI don't think the format is the problem, it is just the dark background.Ignored
DislikedI've been watching Dan Gilbert trade the I4Bs and sort of looking for one to do a first demo trade on. EURCAD weekly is straddling BRN 1.3500 and is an I5B. Looks to be in the right spot, but immediate traffic on both sides. There is some room to move in both directions if it gets through relative close fta's.Ignored
DislikedGreat discussions on yen pairs guys. Did my evaluations before looking at your views, so I wouldn't be tainted by your opinions. In my view, not to shade your outlooks, but none fit the A+ grade according to my rules. I see the potential for small profits in the setups but for me I would have to spend to much time monitoring them. So, I am on the sidelines. Here are a few charts for potential TT. I believe they are self explanatory.
Watching patiently in my stand.Ignored