DislikedA very nece BEOB off 99 RN with MACD divergence.
Let us see how it ends up!Ignored

Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedA very nece BEOB off 99 RN with MACD divergence.
Let us see how it ends up!Ignored
Dislikedstopped out for 3% loss. Well, I think that lack of space of the PB, and the uptrend were against the trade. I thought that the big size of the PB would help it to break through all the support it faces...Lesson learnedIgnored
DislikedDear 5.25,
Thanks for the chart - am I right in assuming that "get myself into parallels" means viewing charts in parallel ie at the same time and as your template shows?. Just so I am clear (good idea btw)
Also are the annotations on the individual charts (FTB PBT&CB) yours by hand or an indicator?
Thanks
NigelIgnored
DislikedHi guys,
Anyone interested for the Daily BEOB on GBP/USD ??
CORRECT me incase i m wrong in judging if its a BEOB?? i dont trade them a lot just trying to get them now .
Pros:
With the trend , on a retracement ,confident close, swing high .
Cons :
FTA ,traffic (May be acc to seniors , i m not a fan of FTA )
The only thing bothering me is do we call such kind of bar as a BEOB
regards,
kunalIgnored
DislikedHi there Nigel,
Sorry about the bad explanation. 'Parallels' is an emulator that allows you to install Windows onto a Mac operating system. I only ever use it for MT4:
http://www.parallels.com/products/desktop/
I don't use any automated indicators, at least not now and doubt that I will. It keeps my brain working and me on my toes.
Hope this helps.
TIgnored
DislikedFeeling much better and thanks to everyone for the nice pm,s and emails.
got some charts for you.Ignored
Dislikedyes by definition..its a BEOB...
but that would be a "no trade" atleast for me...
reason because its sitting right at the PPZ...1.6270..
On Daily:yellow mark,some arrows.(1st two arrows determines huge swings)
On Weekly:HCR @ 1.6270(as Jarroo teaches us abt HCR,LCS),some arrows.
CB 1.6270 wuld hv been better.
js my 2pips.
P.S: Trading is art of Skipping setups as wellIgnored
Dislikedhey avanish
AGREE to what ur saying in this set up the close of the BEOB is nt below the PPZ LEVEL WHICH u have marked but if it wud have closed below the level u are saying i doubt u might still take the trade because PPZ'S are always made one the chart and dont amaze me to stop me fr4om taking trades atleast not in case of pins , I dont look at FTA'S when i trade pins but yes my criteria of a pin is its shape and a swing high with the current trend .
looking to trade BEOB's in the same manner seeing if it works for me
Reason why fta's...Ignored
DislikedHey Avanish & Kunal,
I also did skip this trade. I was thinking of going short had it closed below 1.6250. I remember reading somewhere BEOB should close below the low of previous bar. That is the reason I skipped it. Otherwise I thought it would have been a great set up with CB 1.6250.
Thanks,
VinayIgnored
Dislikedohh well vinay if its not a good BEOB its fine then ( acc to criteria: that u said the close shud be previous bar's low :s )
i am still in doubt on this set up not because of the close below certain levels but i am still not clear what u call as BEOB close engulfing body , close anywhere just shud have high low above and below previous bars :? still unclear i have read a few posts which shows diff bars in every set upIgnored
Dislikedhere is a trade im currently in..
i missed one h4 setup early morning..6.30 am as per our time. i was sleeping
but i got on this one js now..
Huge Downtrend.
Mikes 1.25 BRN.
BEOB with break of Pattern..
lets see how this rolls out..
oops forgot to put SL..Ignored
DislikedHey Avanish & Kunal,
I also did skip this trade. I was thinking of going short had it closed below 1.6250. I remember reading somewhere BEOB should close below the low of previous bar. That is the reason I skipped it. Otherwise I thought it would have been a great set up with CB 1.6250.
Thanks,
VinayIgnored
DislikedHey wait..i think BEOB shuld CB the previous bar CLOSE n not 'necessarily' the LOW..plus yeah it shuld engulf the whole previous bar as it is on GU pair.(same for BUOB)
can any one please make it mre clear?
SC/Mike?sometimes we forget simple thingsIgnored
DislikedNo, a BEOB does not have to close below the low of the previous bar, the low of the BEOB must be lower than the previous bar.
This question often arises and I think it is due to the criteria for a DBHLC, in which the close of this bar must be below the low of the previous bar, opposite for a DBLHC.Ignored