Mike
Hello
What is your opinion?
Sorry for my bad English
Hello
What is your opinion?
Sorry for my bad English
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI have a very important question .Any Input by anyone Is HIGHLY appreciated . Everyone will have a different view , so every input is warmly welcome . Its about PPZ .
Some of the PPZ are easy to draw and easy to use for different purposes . But Some are not . My question is , What to include while drawing PPZ ? Some would say that its a visual thing , but for me , that is not an option . The way I manage my trades and the way I take my trades , I NEED my PPZ's to be as accurate as possible . one of the reason is , I trail...Ignored
DislikedMike
Hello
Thanks a lot for the feedback
Aud usd short buob
What is your opinion?
Sorry for my bad EnglishIgnored
DislikedHi,
IMHO and my limited knowledge this would not class as a BEOB as price did not break the high of the previous bar. Also we want BEOB at swing highs and this is currently at a swing low.
If my assessment is wrong, please someone correct me.
Regards
bud_foxIgnored
Dislikedyep you got it Bud thanks, it's a bearish bar and we don't want to chase the market
MikeIgnored
DislikedMike,
Does a bar have to break the high and low of the previous bar to be classed as BUOB or BEOB or is it just the open and close?
Many thanks
bud_foxIgnored
DislikedYep the high and low of the previous bar, you had it right
So for a beob it should have a high higher than the previous high and low lower than the previous low with a close near the bottom portion.
Best
MikeIgnored
DislikedHi All,
I have been lurking on this forum for almost 2 years. I haven't made many posts as I have spent most of my time reading and learning. The next step in my learning is to become more active on this forum and interact by asking questions and trying to answer others questions the best that I can.
I have attached a recent demo trade, which I placed on the EURJPY Daily TF. It has worked out pretty well to date.
BEOB on 02nd May
Confluence:
PPZ @ 106.00-106.50
RN @ 106.00
150 EMA
Broken Ascending Trend Line
50% Retracement
I...Ignored
Dislikeddang that looks like it could have come right off of James16 computer with that tight stop. Really good stuff Bud, it's a more complicated play there but it shows you have been reading a lot here
Best
MikeIgnored
DislikedThe blue are marked would be a great place to look for the price action !!! Strong PPZ , 250 Round number , fib 38.2 and a daily 365 EMA !!! Lets see .Ignored
DislikedHello, I have seen the abbreviation BRN several times. Can anyone tell me what this stands for? Is there a post that explains it somewhere? Thanks!Ignored
DislikedBig round number. They are often psychological turning points reflected by price.Ignored
DislikedTHanks Ender
They are something I started to say but all it really is , is a round number but the bigger ones that are every 500 pips.
So for the euro that would like 1.2000, 1.2500, 1.300, 1.400 etc.
A pair like usd/jpy
80.00 85.00 90.00 etc
Plot them it's pretty cool, and a good added confluence(along with LRN large round numbers, every 100 pips of course)
Best
MikeIgnored