DislikedCredit where it's due
I got this wrong. It played some games with you but it worked. I hope my words didn't put you off too much.Ignored
Have a great weekend all
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedCredit where it's due
I got this wrong. It played some games with you but it worked. I hope my words didn't put you off too much.Ignored
DislikedJust a quick question for anyone who is willing to answer..
When you are scanning charts looking at 1h, 4h, daily, weekly, etc. do you already have the levels/ PPZ drawn in or are you looking for price action first and then looking to see if the PA has occurred at/near a PPZ level?
Sometimes I find that when looking for PA on my charts first, I'll find it and am able to form fit it in order to make it look like it occurred around a PPZ (whether that PPZ is major or minor is a different story).
In attempt to take away that bias I went in...Ignored
DislikedIgnored
DislikedMy 2 cents:
It is almost a neutral bar. The close is not strong and the wick did not protrude enough to reflect a true buying power. Also closed below BRN 85.
It is a pass.Ignored
DislikedMy 2 cents:
It is almost a neutral bar. The close is not strong and the wick did not protrude enough to reflect a true buying power. Also closed below BRN 85.
It is a pass.Ignored
DislikedMike, From here how do you take it ?
Scenario 1: A) If the next bar or closes below 1.3 (strongly, but no BEOB) - do you take the trade ? B) or you wait for the retracement then look for a BEOB at 1.3 area ?
Scenario 2: If consolidation happens above 1.3 and a BEOB forms with a close below 1,3, then I believe - you will be taking a trade on the next bar, right ?Ignored
DislikedI'm posting the following because I want to know if I am looking at PA the right way. Please don't think that I am certain about what these charts mean for price movement into next week. I might only be taking one of these trades.
Okay, so looking at what weekly bars have done this past week:
SGDJPY weekly bar shows a nice PB with a 100 pip nose near the 38.2 Fib Line. Good close too. and that's 4 weeks of "space" to the left I believe.
USDHKD showing a weekly DBHLC with the highs at 7.766. I haven't traded this pair before though.
GBPUSD...Ignored
DislikedI was watching the retest of 1.3200, and took a small touch trade(my first) with very small percent of risk as a tester.Ignored
Dislikedhow about the GBPJPY and EURJPY pairs?
double BEOB near/off the EMA.Ignored