The lower one for sure, mainly because of the close and the previous flip area which has been tried and tested over and over & of course the FTB to the 150.
PS. Glad to see you back in action again James!
Where can I learn more about Price Action like those in James16 charts? 9 replies
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
DislikedEURUSD, Daily chart.
The latest bar went past the bottom of the BEOB. Good time to go short?
AttachmentIgnored
Dislikedi understand that we will hav choppy thing everywhere..but for me 1.6270 was ultimate PPZ..as it holded more story..(again js my views)..plus GU pair is quite choppy if u see...
here 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
DislikedHi guys
how are u
IS any one looking to short when this pinbar completely formed.
If it is closses below 1.36
then i am going for short otherwise stay away.
guys whats ur opinion regarding this pinbarIgnored
DislikedHey Rob, I am also a Mac user (although I have a PC for trading). Parallels will work, however some of the most frustrating computer experiences in my life have come from that program. The support for Parallels is pretty terrible should you have issues with it (which I had and have several). You can try bootcamp which should already be on your machine, you will still have to buy windows though.
One thing I will say is that I have an indi (on my PC) that picks out PA and sends me an alert. When I initially found it I thought, this is gonna...Ignored
DislikedHi Rob,
My friend used MT 4 on his MAC, Ill ask him tomorrow how he configured it. I attach an indicator and alert (simple) for pinbars. The Pattern Recognintion indicator has the alerts.Ignored
DislikedFeeling much better and thanks to everyone for the nice pm,s and emails.
got some charts for you.Ignored
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
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
DislikedEURUSD, Daily chart.
The latest bar went past the bottom of the BEOB. Good time to go short?
AttachmentIgnored
DislikedHello to add to the GU discussion, I too saw the BEOB, I liked the fact that it closed below .6300, but was concerned that if I traded it at the break of the bar I would be too close to the round number .6200, so I drew a fib of the bar then dropped to a lower time frame and watched how price closed at the fib levels and sold at .6310 after it failed to close above the 38 fib a few times, took profits at .6279 and moved to BE and just now at .6265 closed the other portion. I often times see on James charts that he takes bars on retrace, I think...Ignored
Dislikedpin on aud/jpy H4; but very cluttered(and the ship kinda left - should've stayed around instead of leaving)...
case anyone still on - closed eur/aud at 1.31544(didn't leave anything run, doubt it'll have stamina)
and look what's forming on eur/aud(beware, it's on H1 and it ain't closed - it's still half an hour left - enough so you can calculate position size and target/stop/entry lvl)Ignored
DislikedThe Global situation precludes me as a Trader.
I'll stick with "The Flight" for now.
BIgnored
DislikedHey there snowly. That AJ bar is not a pin. Be careful with that one. At best it is an inside bar, but I am not sure on that one.
RyanIgnored