DislikedEU Breakout from a triangle?
On the 4H there is 4 candles failed to make higher highs and the current candle is below last 7 candles close. Is there a name for this pattern?Ignored
![](https://resources.faireconomy.media/images/emojis/64/1f44d.png?v=14.0)
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedEU Breakout from a triangle?
On the 4H there is 4 candles failed to make higher highs and the current candle is below last 7 candles close. Is there a name for this pattern?Ignored
Dislikedheavily confluenced area for both potential shorts and longs. BRN is the back bone of this right now
Will be watching this area closelyIgnored
DislikedHi, I´m new to this but I´m reading the whole thread from its very begining while backtesting and I´m still learning. I took this short on nzd/jpy today. Well, i saw pin bar on swing high, i know it´s not the gratest pin bar (close and open should be a little more down but they are still within the range of the first eye) and there´s round number of 67,00 and trendline. Any thoughts or comments? Is my analysis correct? Thanks in advance for your responses.
MavIgnored
DislikedAnother silly question: I see everybody drawing filled boxes on their charts. Is there a way to do it with MT4?Ignored
DislikedUC broke through the 1 and the 0.99 levels and now testing 0.99. broke the short term trend low but not the long term. Slight bearish divergence on the H4 though. Waching closely for some PA.
Best
-HIgnored
DislikedAttachment
this big box remains intact along with the big picture RTL... back up to parity i reckon. Just a view though as it's something i'm v interested in having played this pair long recently (banked just above 1.0x)
Ignored
DislikedHi Bee,
H1 BUOB closing above the 9900. H4 BUOB is forming as well. I have stayed out of the big trades like EU and UC because I dont think im experienced enough to be trading in so much volatility. I know no one here pays much attention to fundamentals but do you think that the upcoming monetary policy report on CAD would have a major impact on this pair? I ask because you mentioned earlier that you use a mix of methods and not only J16.
-HIgnored
DislikedSenior members ( Mike , jarroo , Ghous ) , Help me out with this thing I am having trouble with ...
Look at these charts , How do you deal with the situations like these where a Pin bar is formed , as in the case with EUR JPY Daily , Or a outside bar is formed , like in EURNZD H4 and NZDUSD Daily , and in the process of forming , they break through some strong PPZ's ... Would you tend to keep your stop behind these PPZ'z now or still you would keep your stops behind the swing's until the FTA is reached ??????? I had a couple losses recently...Ignored
DislikedHi,
I am no senior member, but..
''I had a couple losses recently due to this thing . I tried to make my stops tight by keeping my stops behind the broken PPZ's , but then price took my stops out and then continue in the supposed direction !!!!''
I think this is self-explanatory. Obviously your setups are good, but due to poor stop loss placement you get stopped out. You should definitely find a way to avoid this; i.e. by widening your stop (as long as this does not screw up your long term expectancy.
Regards,
Dave.Ignored
DislikedThis is not self explanatory brother . I am giving a reason for me placing my stops there . See in all of these given charts , price would'nt not have taken the stops out .Ignored