Looked at EURUSD this morning and saw this BEOB at a swing high. So why is it bouncing back from 1.30?
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Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedLooked at EURUSD this morning and saw this BEOB at a swing high. So why is it bouncing back from 1.30? {image}Ignored
Disliked{quote} Why such a big difference in charts???????????? This frustrates me. Pls see mine here ... {image}Ignored
Disliked{quote} Been away from the factory for a while. Used to be a member of the PF, Mike might remember meThinking of joining again when the new site is up and running. Anyway breakouts is the only thing I look for now. We all have our own ways of doing things .. but for me personally that pattern just isnt well developed or large enough. Difficult for me to explain but imt sure Mike can explain how important pattern size is. Also for me, I like to see price really swing INTO the pattern and bounce significantly. On your chart price is kinda just...
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DislikedLooked at EURUSD this morning and saw this BEOB at a swing high. So why is it bouncing back from 1.30? {image}Ignored
DislikedI was so tempted to put a sell order on this PB. It has good shape at clear swing high. We have space below. The only thing that is bad is location. Its in the midle of nowhere. What are your opinions fellows. Mike, would you consider this PB tradeble? I belive it is discussed on PF. I know it didnt break the next candle, but its offmarket time right now. I would give it another 4 hours to break if I play it. {image}Ignored
Disliked{quote} cool action, but why the heck do they attach ''hearts'' to the chart ? ^^Ignored
Disliked{quote} it might be nearly 4 years later(whoa) but this is still my favorite post in this thread most likely Someone emailed me today about it and I got a kick out of it yet again and decided to repost. (added the chart) {image}Ignored
Disliked{quote} Damn I remember when that was written. Makes me emotional!Also makes me remember how much I learned from this thread, and how much it's evolved over the years. Some truly great traders have passed through this thread and I'm glad to have picked up some bits along the way. Big thanks the big man J16, Mike, and of course Raczekfx. You all have influenced my life in some way
Good luck in your trading!
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DislikedCouple I'm looking at tonight... NZD/CHF Pin bar becomes SFP at previous resistance this has struggled to break. Nice looking bar but we have the BRN right in the way. AUD/CHF Small but nice looking pin bar off trendline. Bit of space underneath. I know they're correlated, but anybody got a preference between these two? I'm leaning towards the AUDCHF. {image} {image}Ignored
DislikedHI FFL, I watch this on low TF h4, for me buying rite now is kinda risky in my opinion, because the first FTA kinda messy there not enough space. but that's just my opinion on this pairIgnored
Disliked{quote} Thanks Dan, Well, when I noticed you post I had already been in position with this pair. I understand your conception about the chart pattern but when I realized that an 1,5 BRN - EMA150 (Daily chart) confluence will protect my stop loss when the price shows strong divergence on H4 I decided to get in and sell. We will see how it will workIgnored
DislikedHi there, A short get triggered yesterday on the break of a D1 BEOB on Merck stocks. Patiently waiting for the weekly to close, most likely as a bearish pinbar at a strong PPZ with nice divergence and some space... Will assess the strength of the 48RN - if it doesn't hold as a resistance, I guess I'll kill the trade with a minor loss. {image}{image}{image} I'm also looking at a "3-days" pinbarat a swing high on EuroNok (150EMA on the weekly, RN/PPZ). Let's see how it unfolds {image}
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Disliked{quote} They, don't. One of the girls in the class did, it must be a girlie thingy. HaaIgnored
Disliked{quote} AUDCHF might be a bit risky, as the bigger picture says something slightly different. A bit messy, but hope you can understand the scribble. {image} {image} Maybe I'm looking at it wrong.Ignored