Many thanks Mike
Your comments are reassurance that I am not running off the rails.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHi mike and all trader in this forum.
Please welcome me cause I want to active in this thread.
Please share your experience for this situation.
I had read that to play PB is at the swing low and swing high.
But When I found the PB at swing low in huge down trending and that PB is only supported by ppz and RN. It will raise this question, Is that PB has a long nose enough or not to fight back?
Is there a criteria to determine the nose of PB which is good to trade?
winsIgnored
DislikedHey Wins
Welcome bud
It depends on the situation really. How strong is the trend. How big is the bar. What else is around
Here is an example of a trend changing size bar against a super strong trend. Notice how strong the downtrend is on the usd/chf, but then notice how large the weekly bar is. It's the largest range bar in a LONG time, with a strong close.
So it is situational but here is an example of an A+++ bar
welcome again
MikeIgnored
DislikedHey Wins
Welcome bud
It depends on the situation really. How strong is the trend. How big is the bar. What else is around
Here is an example of a trend changing size bar against a super strong trend. Notice how strong the downtrend is on the usd/chf, but then notice how large the weekly bar is. It's the largest range bar in a LONG time, with a strong close.
So it is situational but here is an example of an A+++ bar
welcome again
MikeIgnored
DislikedGreat level on the Usd/CHF, .8920ish. Notice the nice line up of the Highs, Lows, HCR and LCS levels lining up . .Strength.
Not a bad place to add to your Weekly PB entry . .
Wow I got alot to catch up . .thread is moving as always . .Ignored
Disliked
.... Here is an example of a trend changing size bar against a super strong trend. Notice how strong the downtrend is on the usd/chf, but then notice how large the weekly bar is. It's the largest range bar in a LONG time, with a strong close.
So it is situational but here is an example of an A+++ bar
....
MikeIgnored
DislikedHopefully someone noticed this buy opportunity yesterday. 4 major pairs EU GU EJ GJ dancing to the same rhythm on daily tf. I took GJ becouse of good looking double bottom with initial stop just below 120 RN.Ignored
DislikedIt reminds of your Gbp/Nok trade . .I had a different take . .but we were both on the same page . . . .targets hit nicely.Ignored
DislikedThat was very nice and quick trade. IMO it still looks like price might come back above those highs on higher TF. Did you check the USDNOK monthly chart lately?Ignored
DislikedHopefully someone noticed this buy opportunity yesterday. 4 major pairs EU GU EJ GJ dancing to the same rhythm on daily tf. I took GJ becouse of good looking double bottom with initial stop just below 120 RN.Ignored
DislikedLooking at that daily HCR1 at 1.3827 on a lower time frame, price already gave the first bounce at the area. Divergence on 15minute, with the daily HCR - I'm personally not ready for that (still learning to trust the levels).Ignored
DislikedHere's my demo retrace entry on GJ...not at BE yet....looking for bottom of top blue zone as likely TP area.Ignored