Hey
What do you think about it? Of course, if it closes obove HCR.
What do you think about it? Of course, if it closes obove HCR.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedPrice also formed a 4 hr PinBar off the 1.300 BRN level. Would this be a long opportunity?
http://http://www.forexfactory.com/a...1&d=1358289772Ignored
DislikedHey K
Be careful here, remember a pinbar must open AND close within the previous bar. THis is actually looking weak rather then strong because of that reason
Best
MikeIgnored
DislikedOk, actually I did not know that! When I first considered this trade my first target was the swing lows at 1.3248 . Then I thought, price is going to react at 1.300. Now that you have explained the pin bar rule my 1.3248 target might get attention. Thank you for helping!!!!Ignored
DislikedHehe, just i learned this technique from you
I already closed this one by the way. Right on that strong down bar close. It's my exit technique under development
AttachmentIgnored
Dislikedhi pinbar
yeh i was talking about the daily time frame but i obviously misunderstood some stuff about jarroo's method. that explains what i need to look for in terms of LCS and HCR. still very keen to get into the PF so i can learn more about how it works.
thanks for your help.
obviously price did not break through that level so my supposed signal was not right. oh well live and learn.
thanks again for your help
hallyIgnored
DislikedHere are a couple of charts.
Remember, we are not looking for a HCR or LCS on the current swing, we are looking for a previous Swing Point.
Hope they help.
I know it can sound very confusing at first.
Set your CHF/JPY chart up with the same levels and watch what happens at this level.
Try and find a Monthly & Weekly Level that are the same level or, a Weekly & Daily level.Ignored
Dislikedthanks pinbar i'll have a look at these later on (at work atm).
i have been looking at the current swing which is obviously where i was confused. i'll have a look back through my charts at previous swing highs/lows. might start with the higher timeframes (weekly/monthly) and work my way down to daily timeframes.
was watching a video in the guest area of the PF the other day and james said that you need to be able to trade sideways markets in order to be consistently successful so i'm really looking at jarroo's method as a way to identify consolidation...Ignored
DislikedGood job, in a month you can teach me stuff.
Weekly levels that are also a daily level is a good start, just check the monthly levels to make sure you are not trading straight into one, the wrong direction.Ignored
DislikedHere are a couple of charts.
Remember, we are not looking for a HCR or LCS on the current swing, we are looking for a previous Swing Point.
Hope they help.
I know it can sound very confusing at first.
Set your CHF/JPY chart up with the same levels and watch what happens at this level.
Try and find a Monthly & Weekly Level that are the same level or, a Weekly & Daily level.Ignored
DislikedHere are a couple of charts.
Remember, we are not looking for a HCR or LCS on the current swing, we are looking for a previous Swing Point.
Hope they help.
I know it can sound very confusing at first.
Set your CHF/JPY chart up with the same levels and watch what happens at this level.
Try and find a Monthly & Weekly Level that are the same level or, a Weekly & Daily level.Ignored
DislikedHi, my first post here, even though I follow this thread for quite some time... Thank you for all the effort you invest in this...
I'm currently in EURJPY, entering on 4h outsidebar at swing high, BRN 120. I already moved my stop to BE, looking for 115.8 to take profit. See chart attached.Ignored
DislikedI apologize in advance for my English
I also watched the pair, but the more I'm interested in the level of 116.
I want to observe the behavior of a price at this level. I want to see the signal PA.
As a beginner, I would like to know the thoughts of others in the groupIgnored
Dislikedhi alexandr
that looks like the trade has had a nice run. just had a look at the 4 hr chart which shows a BUOB which is also a DBLHC unless something happens drastically in the next 40 minutes.
there seems to be a s/r zone around the weekly pivot as there are some bar highs/lows through this area. if this area breaks it may run back up again. if the area hold it could turn around and run back down again.
daily chart looks like it has the potential to form a pin bar that could indicate a run back up again.
depending on your trade management...Ignored
Dislikedhi alexandr
that looks like the trade has had a nice run. just had a look at the 4 hr chart which shows a BUOB which is also a DBLHC unless something happens drastically in the next 40 minutes.
there seems to be a s/r zone around the weekly pivot as there are some bar highs/lows through this area. if this area breaks it may run back up again. if the area hold it could turn around and run back down again.
daily chart looks like it has the potential to form a pin bar that could indicate a run back up again.
depending on your trade management...Ignored