Dislikedif u look closely & compare the 2 charts, that eur$ situation & current $chf's situation structurally look different.
also, IMHO, eur$ has been bullish (even prior that PB) & $chf has been bearish.Ignored
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=14.0)
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedif u look closely & compare the 2 charts, that eur$ situation & current $chf's situation structurally look different.
also, IMHO, eur$ has been bullish (even prior that PB) & $chf has been bearish.Ignored
DislikedMaybe this will clear up what I'm saying.
I drew in yellow bars as a potential scenario to look for. Alternatively, it could be a bearish outside bar instead of a pin.
Sounds like thermobee says it rarely happens, so maybe this is all irrelevant.Ignored
Dislikedboth are at a swing low, yes.
but one is bullish (Eur$), while $chf is bearish. if u agree with this, then u would expect a probability that $chf will make newer low/s (it did break below 0.8300) but eur$ wouldn't/didnt (since eur$ is bullish)
remember too, that eur$ & $chf run in opposing directionsIgnored
DislikedI'm not really sure what do you mean by EU being bullish? To me looks very bearish! But risky to trade even with PB because of swing low/space issues.Ignored
DislikedYES!!!
THIS IS CRITICAL.
WE MUST LEARN TO:
1. notice a strong s/r area just beyond our pa if it exists.
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared.
if we know its there we have several choices.
1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken.Ignored
Disliked...IPB marked on the chart that seemed to work out quite well after going against me at first. Stop at BE now, just over 40 pips up.
....Ignored
Dislikedin general, avoid small IPBs (or PBs, BEOBs, etc)
im glad this turned out well for uIgnored
Dislikedin general, avoid small IPBs (or PBs, BEOBs, etc)
im glad this turned out well for uIgnored
DislikedSince I can't reply in a PM for some reason...I'm fairly new to forex...Ignored
Dislikedthe fastest way to learn from this thread, IMHO, is to:
- read as much as u can.......Ignored
Dislikedcould've been better, i think.
hey, just noticed it was just a few pips away from .8000?
where did u place your stop?
did u enter on the IPB high break?
u were quite lucky price didnt head for 0.80
i think a better IPB would've been a big one at the 0.80 area.Ignored
DislikedThose are riskier as they are at the swing low, we want to see them at the swing high. So no space, no room to go.Ignored
DislikedThe 3 previous bars to BUOB would be a concern for me because of the strength/steepness of the bearish move. For me, a strong BUOB after consolidation and weak price action like small inside bars at the swing low is ideal. If you were to take this trade, I think entering on a 50% retrace of the BUOB would be safer and then watching very closely to take profit. And yes, this being a counter trend trade would be another reason to stay away.Ignored