Dislikedpicture perfect PPZ at the BRN of 1.5000 Great for potential trades both ways. The H&S above could make for a beautiful breakout to the downside These areas get me excited {image}Ignored
Ken
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedpicture perfect PPZ at the BRN of 1.5000 Great for potential trades both ways. The H&S above could make for a beautiful breakout to the downside These areas get me excited {image}Ignored
Disliked{quote} Mike, I remembered you once said during your webinar that for H&S pattern, you would prefer the neckline to slope upwards as this give them more space to run, or did I remembered wrongly? Ken {image}Ignored
Disliked{quote} Hey Ken Nope you are correct I would want it rising or flat. In this case though we could use a horizontal or flat line to indicate the neckline. Really the idea of seeing the H&S would just confirm that we can use this level to look for longs or short. Notice the accuracy of the 1.5 BRN as near perfect flip in s/r Hope that helps! MikeIgnored
DislikedHey Mike I wanted to ask if you track your results somewhere. It would be nice to follow your great results Thanks for your answer. Regards, aserafinoIgnored
Disliked{quote} Mike, what do you think about playing breakouts where no continuation outside bar forms? I'm speaking about trend line/pattern breakouts and PPZ breakouts. Why do we need an outside bar? I understand the theory behind pin bars and outside bars when they are reversal signals but don't understand it too well when we're speaking about breakouts. It's possible that a non outside bar or a non DBHLC has a nice close below 1.5 BRN. Wouldn't it be a good bar to play a breakout (if it's a nice close below 1.5 BRN) even if it isn't an outside bar?...Ignored
Dislikedmy weekly pinbar short doesnt look pretty cool right now .... Ill place another short at the top with close stop. Lets see. US dollar pretty weak this week. {image} Best, JIgnored
Disliked{quote} You know Phanti but the pinbar is starting to behave like mikes wick fill bars. Did trade the bar myself but its like they say hindsight is 20/20 because i'm now seeing the 0.8500 RN just below the bar along with the bar size. Any way closed the just closed the trade because it is too far gone for me into the PB. AlIgnored
Disliked{quote} You know Phanti but the pinbar is starting to behave like mikes wick fill bars. Did trade the bar myself but its like they say hindsight is 20/20 because i'm now seeing the 0.8500 RN just below the bar along with the bar size. Any way closed the just closed the trade because it is too far gone for me into the PB. AlIgnored
Dislikedmy weekly pinbar short doesnt look pretty cool right now .... Ill place another short at the top with close stop. Lets see. US dollar pretty weak this week. {image} Best, JIgnored
Dislikedmy weekly pinbar short doesnt look pretty cool right now .... Ill place another short at the top with close stop. Lets see. US dollar pretty weak this week. {image} Best, JIgnored
Disliked{quote} Hey Jonas, would you mind explaining the reasoning behind entering where you did on the nzd/usd trade. I understand that some traders do not wait for a PB to break before entering a trade, but I thought that one of the cardinal rules of this method was not entering on the other side of a BRN (0.8500 in this case) to avoid a hard bounce off the BRN. For example, my entry was set twenty pips below the weekly PB at 0.8480. Thanks.Ignored