Dislikedadsk on weekly. one more nice opportunity for next week. the 45 usd is the next barrier to break. i would consider to go long above.Ignored
meine augen sind die sterne
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedadsk on weekly. one more nice opportunity for next week. the 45 usd is the next barrier to break. i would consider to go long above.Ignored
Dislikedacc with a nice breakout. highest weekly close since about 4 years. thursdays close was not very strong. i would wait for a rise over ~34.10 usd for a long entry.Ignored
DislikedHi
FTA = first trouble area
RN = Round number
Here is Pinbar's signature, нe did a great job. This will help you.
http://www.forexfactory.com/showpost...ostcount=93498Ignored
DislikedI know that the bar has not closed and we have to wait until closing, but if it closes as BEOB below 1.07 on AUDUSD and below 0.80 on NZDUSD it will be good setups?Ignored
DislikedFirst, I just want to thank the amazing consistent, spot on, clear sighted, sharing, tutoring; using many years of trading experience, from you guys, or girls, quintessential; james, Jarroo, mbqb11, supremeChaos, Bermac, ghous thewizard and others course
One question please,
At a lower time frame,4 hr would a break of USD/CHF AT 8830 be a safe buy target?
Thanking you in advance
LRIgnored
DislikedDumb question but I feel better if I get this outta my chest. I was wondering if you would consider these pinbars. The second one definitely looks like one but because it is at neither a swing high nor low I assume we don't make much relevance of it?Ignored
Dislikedyes. correct.
that said that you look for bars first and then for the location.
others (like jarroo and myself) for example do the opposite: we look for the location and the for the price action setup.
i don't say that your way is wrong, i just want to show you a second way...Ignored
Dislikedhi new to the thread, i know i'm suppose to stick to daily and weekly charts but i took 4hr pb counter with macd divergence FTA 8845 move to BE any comments?Ignored
DislikedAnother question but this one out of curiosity, is there a reason why most people trade the principles shared here in the forex and commodity market as opposed to the equity markets. Is it because the price action sets up more frequently?Ignored
DislikedHi Karnivol...couple of thoughts.
First, that's not a true PB it is a PB by proxy. The open and close should be above the previous bar low for the bullish PB. Secondly, I see the FTA closer to 8830 - the bar high a couple of bars over, and the bar low about 6 bars over. I don't have a 4 hour bar similar to yours on my feed or I would mark a chart up.
I think this one would have to be managed as the downtrend looks strong to me and trading into a consolidation box.Ignored
DislikedHi Ghous, im watching this one too.
If i'm right, we wait for close above 9550, then this will be BUOB.
FTA is 9590-9600.
We have to be ready and able to take a breakeven if price turns against us, like James said.Ignored
DislikedOh Cool..so u are on this Bull-Hunt..i stopped watching this pair long back but James gave a good explanation about it!
didn't had any position on this but I'm watching it too when James said about it to be either short-term or long-term(counter-trend setup)!Ignored
DislikedGot it. Zoom out. Look at the chart from the left to the right. If left is higher then trend is down, otherwise it is up. Keep it simple. I like it.
Price should take out 1.3200 (previous high) and make higher low before we can say the trend has changed....Ignored
Dislikedhi new to the thread, i know i'm suppose to stick to daily and weekly charts but i took 4hr pb counter with macd divergence FTA 8845 move to BE any comments?Ignored