james16 Chart Thread

Quoting yaki

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double top + PINBAR shape {image}

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Quoting mbqb11

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updated chart this one went "pop" {image}

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Quoting jaypatel33

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Hi, I don't really understand what you mean about divergence, I get MCAD divergance, but not price action divergence. Thanks in advance.

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Quoting ghous

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Hey Ping, That's just a swing low, which makes up only part of the SFP story. The other part is made up from the action where price tries and fails to penetrate the LLS (in case of a swing low) or the HHR (in case of a swing high). The chart below should clear things up, g. {image}

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Quoting ghous

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This level's getting knocked at pretty hard! We had a fake out / SFP that was a pretty safe shot to the 5.9 RN to begin with but the level's now under the pump! What's the door made of? {image}

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Quoting yaki

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[nd by the looks of it you're probably playing retrace entries? A little elaboration would be appreciated.]updated chart this one went "pop" {image}

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Quoting mbqb11

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this is actually very good james would be pumped to see this This is trading in a BOX or range market. Looks like you split your entries to a retrace near top of box and break of bar. You played the idea of price is sideways and contained within that small area Pretty advanced here but simple at the same time Well done Mike

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Quoting mbqb11

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Hey Jay Price action divergence IS what you see as MACD divergence. MACD is simply a calculation as price. So when you see your MACD showing divergence you can spot that without divergence itself Check out this chart {image}

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Quoting vickym

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Hi Jim, Ghous, Pinbar How do you think this should be traded now that the SFP is broken? Would you enter long on such situation on retest of SP (which actually is having now) Thanks Vicky {image}

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Quoting ghous

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hey Carbonado, Steve pretty much made hit the nail on the head bu here's my take anyways... Price action has a memory. This means that price and the traders behind it are aware of the major turning points in the past. This is precisely why your PPZs or S/R work. Now we are taught here at the group that a lot of these S/R zones are quite literally "zones" in that price won't always react to them to the pip but instead react "around" them a lot of times. Rejection of a swing point simply means that price tried to approach say a prior swing high...

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Quoting ghous

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We are seeing some crazy moves all across the board these last few hours. Straight away that signals me for a backfoot stance. But putting that aside for a moment I still wouldnt be too excited about going long that far ahead into a pullbackless steep rally. Guys watch out for such abnormal market conditions. Your precious capital deserves better. Best to wait for the dust to settle a bit. g.

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Quoting pip_la

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Decent pin bar on Gold. Off support and BRN I've never traded gold before, might make this my first. {image}

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Quoting mbqb11

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Hey Jay Price action divergence IS what you see as MACD divergence. MACD is simply a calculation as price. So when you see your MACD showing divergence you can spot that without divergence itself Check out this chart {image}

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Quoting Yehuda Sh

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Mike Hello Healthy summer What is your opinion of gold? 1.brn .Ppz 2 3. pb And what is your opinion on the G/U Sorry for my bad English

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