I have been watching this on the 1H. Haven't yet found any fake out trigger worth really going for. We had a bullish outside bar on the first touch, but as a trigger would have been very aggressive. Can you work out why being extra careful here is ...

Mastering the Art of Trading

Hey there, Technically regular divergence counts when you're looking at extreme swing highs and swing lows. Here the pin bar isn't at a swing high. Also notice how the trade is headed straight into a price flip. Far too many pit falls there for me. ...

james16 Chart Thread

Brilliant! Notice how the swing low you used as your LLS, lines up as a bigger PPZ. That's confluence baby and that makes a dolly. Nicely done image g.

Mastering the Art of Trading

Totally agree A, I am not to happy about that minor flip sitting just underneath that low of the pin bar / fake out bar. g.

Mastering the Art of Trading

I won't. Price is boxing here and the pin bar (fake out bar) is headed straight back into a box. Not the kind of situation that would attract me. I do like the location though, just that the space here isn't too appetizing for me. image g.

Mastering the Art of Trading

These charts should help. Let me know if its still unclear. image image g.

james16 Chart Thread

Don't we all? Learning is a life long process g.

james16 Chart Thread

Hey Ken, Yes exactly, the fake out occurs when support fails to become resistance on the pull back and flips back to support when price makes its way back up (and vice versa too). Just like you can combine multiple bars to form a pin bar or an ...

james16 Chart Thread

Yes I was. Out of it now though. Got stopped out for +3R. g.

james16 Chart Thread

No it wasn't an A trade. But I loved the location on this one. Also the entry was off a 1H bar taken earlier than the move above 140.00 but it obviously resulted out of this story I was looking at. image g.

james16 Chart Thread

I am pretty sure the bullish outside bar is covered within the first 10 pages of the thread. We follow a method here and while all related and slightly varying material is totally welcome the bulk of it still consists of the basic method that this ...

james16 Chart Thread

If you think Mike took that trade and was actually "biting his nails off for 2 hours" you don't know him and you definitely don't know (or have misconstrued) what we do here. That was a Bullish Outside Bar trade, as good as it gets. Its probably ok ...

james16 Chart Thread

Why not enter at the pull back to the LLS? We had wonderful confluence with 140.00. image g.

james16 Chart Thread

Ah that target. I missed it . Thought you were in it for the long haul. Glad it worked out for you. g.

james16 Chart Thread

Hey T, In general yes, I think the idea is the same, but he has systematized it slightly differently . . . g.

Mastering the Art of Trading

oh. That BUOB low from earlier seems to be sticking out like a sore thumb. A toughy IMO. g.

james16 Chart Thread

I don't touch trade myself, but knowing that its all about nailing down your locations, that's as good as a PPZ could ever get to attempt something like that. g.

james16 Chart Thread

Hey B, My first reaction to seeing this as is, is its simply too small compared to the move that its headed back into. Such a smooth move up can and does on many occasions provide the the luxury of "space" but it also makes these setups tricky ...

james16 Chart Thread

Yeah I don't use those novel TFs introduced by MT5 or for that matter combine my time frames to create hybrid 2D, 3D, 2W etc. TFs. Not that PA doesn't work on these time frames as regardless of the time frame you're on you're only just seeing one ...

james16 Chart Thread

I don't think MT4 has a built in shortcut to enable you to do that (and I have thought wrong before) but it seems like you could have someone code a simple indicator for you. g.

james16 Chart Thread