Do you see those to previous lows? It would have to close above those for me, to fight that huge move down.
Best
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHey Pex
Do you see those to previous lows? It would have to close above those for me, to fight that huge move down.
Best
MikeIgnored
DislikedOh man...what a day. Why do this stupid, greedy beast in me take control over my actions from time to time.Ignored
DislikedHey Pex
Do you see those to previous lows? It would have to close above those for me, to fight that huge move down.
Best
MikeIgnored
DislikedWould you have the same view for the CADCHF pair as well Mike? A strong close above .90 would have made it a better setup.
Pros:
Decent size pinbar at swing low
Head of pin appears to be within body of previous bar
Double bottom?
Cons:
Couldn't close above .90 BRN and previous low
No divergence
Not much other confluence
Against the long term trendIgnored
DislikedHi Mike
Is this the type of analysis we would see in the private forum?
Another question if I may, but a little more subjective....Ignored
DislikedWould you have the same view for the CADCHF pair as well Mike? A strong close above .90 would have made it a better setup.
Pros:
Decent size pinbar at swing low
Head of pin appears to be within body of previous bar
Location
Double bottom?
Cons:
Couldn't close above .90 BRN and previous low
Not much other confluence
Against the long term trendIgnored
DislikedGreat stuff there mike - could you please post more examples of your A+ setups as us lesser mortals learn so much from them!! Just wanted to ask what your final target was for this trade?
Thanks
KalIgnored
DislikedBingo for me at least. That doesn't make this not valid, but those little things go a long way in my trading style. We can always still produce logical targets and approach a trade logically, but it doesnt always make it worth it(trader dependent)
This is why demoing is SO important,
MikeIgnored
DislikedSet up a trade on my demo account, I wasn't confident enough to go real.. b/c this par is not showing a clear long term direction to me yet.
anybody has any toughts about this trade?
I set a buy stop 10 pips above the high of that PB w/ stop at about 30% of it.
Any senoir members could enlighten me about this, would be very appreciated.
Cheers,
soaveIgnored
DislikedEURCAD shows BEOB at the top of a wedge, divergence, but near 1.4000. I think it's good signal.Ignored
DislikedHey March...I love the shape of the bar. It's large and shows momentum with a great close. However the BRN of 1.4000 looks to be a strong ppz that is the current support level. I would personally need a close below the bar highs I've marked up to get in. I always try to be aware of the 365 (red) and 150 (blue) ema's.Ignored
Dislikedcouldn't really get u Mike:but those little things go a long way in my trading style...
do u mean that u being picky as pin couldn't CA 0.9000 or something?
can u elaborate it?Ignored
DislikedHey March...I love the shape of the bar. It's large and shows momentum with a great close. However the BRN of 1.4000 looks to be a strong ppz that is the current support level. I would personally need a close below the bar highs I've marked up to get in. I always try to be aware of the 365 (red) and 150 (blue) ema's.Ignored