Disliked{quote} Hello Vanilla sky and everyone, Could anybody tell me how to join james16 group's trading?Ignored
You can check our site over at james16group.us
If you have more questions drop a line
Best
Mike
james16 Chart Thread
- #132,463
- Sep 30, 2014 4:19am Sep 30, 2014 4:19am
Mike,
E.g. if our main trend on Weekly chart is DOWN and our current price near the PPZ but without PA, should we ignore on the Daily chart any PA to go short?
And what about breakout PA and return to 61-50% fibo of the PA on the Weekly chart (e.g.)? If the price broke our PA (and if we work on the weekly chart we must have already been in position), but should we not to open our positin and wait any PA on the Daily chart?
And another situation when the price go to the 61-50% fibo of the PA on Weekly and should we wait any PA on the Daily?
So I want to know about confirmation on the Daily chart... because sometimes I saw some good trend without PA on the Daily chart but only on the Weekly chart with PA (e.g. when I wait any PA on the Daily, when on the Weekly formed very good PA - I skip it, because I couldn't see any confirmation on the Daily chart).
Waiting your reply Mike, thanks so much
E.g. if our main trend on Weekly chart is DOWN and our current price near the PPZ but without PA, should we ignore on the Daily chart any PA to go short?
And what about breakout PA and return to 61-50% fibo of the PA on the Weekly chart (e.g.)? If the price broke our PA (and if we work on the weekly chart we must have already been in position), but should we not to open our positin and wait any PA on the Daily chart?
And another situation when the price go to the 61-50% fibo of the PA on Weekly and should we wait any PA on the Daily?
So I want to know about confirmation on the Daily chart... because sometimes I saw some good trend without PA on the Daily chart but only on the Weekly chart with PA (e.g. when I wait any PA on the Daily, when on the Weekly formed very good PA - I skip it, because I couldn't see any confirmation on the Daily chart).
Waiting your reply Mike, thanks so much
- #132,472
- Sep 30, 2014 9:26am Sep 30, 2014 9:26am
Neytri, one thing I can identify that, the Resistance turn into support and the price bounce back at support line. But this is enough, to open a position in lower TF? Adhav
Neytri, one thing I can identify that, the Resistance turn into support and the price bounce back at support line. But this is enough, to open a position in lower TF? Adhav
If you are below intermediate level, I would say that its not. If more advanced then everything that works is ok
Its my personal view only.
Regards.
- #132,478
- Oct 1, 2014 3:49am Oct 1, 2014 3:49am
{quote} Hi Dovilo, Its also on my list. However I decided to trade different pair today that did not trigger too. Edit: I have bad experience when price retraces back to previous level. Top of the candle is also bottom of other candle that was later broken down. I think that in such case we have big chance that price action is more re-test then bullish action. So I am watching closely this kind of pattern. I hope I am not over complicating. {image}
- #132,479
- Oct 1, 2014 10:17am Oct 1, 2014 10:17am
{quote} Hello Adhavan, If you are below intermediate level, I would say that its not. If more advanced then everything that works is ok
You may right...
- #132,480
- Oct 1, 2014 4:45pm Oct 1, 2014 4:45pm
NZDJPY D1 approaching former support, I will enter with bearish price action. {image}
There is also similar pattern on the NZDCHF but with pinbar and in midterm bearish trend but NZDCHF seems to always go sideways in longer term and price is near lower trendline so I will not enter there.
There is a series of pinbars on GBPCHF on strong resistance I mentioned before. It can be a good moment to enter short. Wht do you guys think?
GBPCHF Daily
GBPCHF Monthly
EURNZD strong bullish shortterm trend, bullish pinbar on support/resistance on D1 but on W1 there is bearish pinbar. Opposite signals but we are in the middle of the week so W1 pinbar can disappear. On the other hand price is at the top of the descending triangle. I will look how price act at the end of the week.
