meine augen sind die sterne
- #121,361
- Dec 3, 2012 2:30pm Dec 3, 2012 2:30pm
- Joined Feb 2009 | Status: kiki soso largyalo | 2,243 Posts
- #121,378
- Dec 3, 2012 11:38pm Dec 3, 2012 11:38pm
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikednow is this a proper area to enter?
Enough confluence i guss!
anybody?Ignored
DislikedHey Suraj
This is a good area to watch for PA, but let PA show its hand. Especially when starting out and learning to find confluenced areas. PA will help guide you much easier. This is what James shows us and it's much easier. We must be patient though
Best
MikeIgnored
Dislikedmike i was actually looking at that pin bar is bot not enough to be calld a price action? i know nose is little short so i shud wait for a strong PA to happen over there? rytIgnored
DislikedHey All,
Looking for some opinions on this one....Its an ETF...price has hit off the downward trendline on the weekly. Then on the Daily, the last 3 days bars have been a pin, an inside bar and then an outside bar.
Does a combo of bars like this in succession mean its a more significant signal? Doesn't seem to be a huge amount of confluence other then the trendline drawn on the chart.
Also the 2600 level is a significant long term support.
Would you take this trade on a break downwards of the pin or outside bar? yes, no , maybe?....and...Ignored
DislikedHey S
That's actually a BUOB as it engulfs the previous bar. But it is so very very tiny. That's very tricky. It's like the euro chart you were asking about going short. The market is not really tipping its hand. Although I like this one better then the euro one since at least it's engulfing a few bars. But still very very tricky and a very sideways market here. I prefer to see you new folks looking for those STAND out bars. See if you can go find a few to post
Best
MikeIgnored