Dislikedwe just had to wait a bit longer, but we got the signal on the 4hr beobIgnored
When the going gets weird, the weird turn pro.
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedwe just had to wait a bit longer, but we got the signal on the 4hr beobIgnored
DislikedIve been lurking here for quite a few weeks learning, reading etc. So thanks to all posters, ive learnt a hell of a lot in such a short time.
I have finally decided to post a chart of a potential trade that im considering so please feel free to criticise/advise.
Thanks
NTWIgnored
DislikedLooks good, but I think Jim would tell you to watch the top of yesterday's bar like a hawk. The top of that bar lines up with the low of the one three days before. Do you have divergence showing?Ignored
DislikedY'know, I was watching that chart after your post the other day, and I saw that 4hr bar form. There was just too much traffic around it for me though - a poorly chosen entry and that'll just bounce right back at me. So kudos to you Mike, I guess this is why you're where you are and I'm where I am.Ignored
DislikedLooks good, but I think Jim would tell you to watch the top of yesterday's bar like a hawk. The top of that bar lines up with the low of the one three days before. Do you have divergence showing?Ignored
DislikedIt's time and practice, that's it. Many of us were watching this. I posted this area in the PF , then someone else actually posted the updated chart look and others were posting the same thing. So we all saw it and just anticipated and waited for the tip off.
You're doing great stark
MikeIgnored
DislikedIt's time and practice, that's it. Many of us were watching this. I posted this area in the PF , then someone else actually posted the updated chart look and others were posting the same thing. So we all saw it and just anticipated and waited for the tip off.
You're doing great stark
MikeIgnored
DislikedAha, thanks for the quick reply and thanks for pointing that out, i hadn't spotted that. There's no divergance, not that i can see anyway.
Im still not sure whether to take the trade or not so i guess i'll sleep on it.
Thanks againIgnored
Dislikedyes very very good. If it closes up much stronger it could change the entire trade dynamics
Also a big welcome NTW
MikeIgnored
DislikedThanks for the welcome Mike
Im afraid im going to appear a bit thick here but im not sure i understand what you mean by, "if it closes up much stronger...."
NTWIgnored
DislikedAre you guys aware of any pin bar screener/scanner to take the donkey work out of finding prospective trades. I'm aware that the shape of the candle/bar is not the sole important factor and a lot is dependant on its position relative to support, resistance, trend lines, pivots, MA etc. when considering trades but if it was possible to scan the major indices, commodities and forex pairs for pin bars the results could then be analysed and particular trades could be cherry picked. I have tried using ProRealTime but find that the searches are...Ignored
DislikedWhat are you trying to say NWT??? Donkey work's the best kinda work....Ignored
DislikedWhat are you trying to say NWT??? Donkey work's the best kinda work....Ignored
Dislikedwe just had to wait a bit longer, but we got the signal on the 4hr beobIgnored
DislikedI got in on this one as well. I am so glad i signed up for the PF, its so worth it. Rock on MikeIgnored
DislikedHey Mike, are you waiting for the retest of the trendline? or you already enter a position on the break of the 4HR beob?Ignored
DislikedHey TP
Yes my entry was under the 4hr beob, based on the pattern I had shown in that previous post(quoted one). Slightly moved to allow for the change in time
Best
MikeIgnored
Dislikedthe charts been pretty messy during this month, but i managed to grab a A trade, not quite a plus, but very close in my book. as this was shouting out the screen to me to trade it, well in my books anyway.
reasons for taking, tail of pinbar (highlighted in blue) has bounced off the lovely downwards trendline, it had bounced off 50 fib retrace of the latest move up, fta was a nice 50 odd pips away which is where price is currently, i have taken profits, and left a small portion on the table
any seniors got anything to add or say about this...Ignored