Sorry, but what do PB and IB stand for?
Thanks!
Thanks!
Where can I learn more about Price Action like those in James16 charts? 9 replies
Quoting moneybagsDislikedSpeaking of Inside Bars, we got an I4B on the EURCHF Daily today.
This could possibly break to the short side and start a reversal.
Anybody play these setups?Ignored
Quoting moneybagsDislikedHere is one more IB at the top of an uptrend for the AUDJPY.
This one is also sitting on a weekly and a monthly PP which would be violated to the short side if the IB was broken.
And it's got plenty of room to fall down to another weekly & monthly PP that are on top of each other.Ignored
Quoting mbqb11DislikedHey moneybags, just thought id throw something out there about aud/jpy, recently we broke a three bar high. So if we take this I4B short we must remember that this may now act as a support and to be careful to take profit or watch for a bounce. I prefer to play PA off these areas of support and resistance because i can usually make my stops smaller and feel more confident. This is not to say it might not break right down, but it is something to watch for
Hope this makes sense :
Best,
MikeIgnored
Quoting mbqb11DislikedHey moneybags, just thought id throw something out there about aud/jpy, recently we broke a three bar high. So if we take this I4B short we must remember that this may now act as a support and to be careful to take profit or watch for a bounce. I prefer to play PA off these areas of support and resistance because i can usually make my stops smaller and feel more confident. This is not to say it might not break right down, but it is something to watch for
Hope this makes sense :
Best,
MikeIgnored
Quoting manya42DislikedHello Everyone.
Can somebody tell how to get those pivots lines on the chart?
Thanks In advance & HAPPY HOLIDAYS to everybody in this wonderful thread .Ignored
Quoting bundyraiderDislikedLater on...
We've hit the entry price at 1.6027 (Purple Line)
Stop was @ 1.6041.
...Stop looks like it's not very close, but that's just the time frame we're on.
First profit target I've set up as 1.6007. Only a 23% line.
I'm off to the pub. HEH HEH HEH (...come on! I'm allowd to! It's XMAS!!!!)
The rest will depend on price action... If I'm hereIgnored
Quoting habeebDislikedAre you legal yet?!Ignored
Quoting bundyraiderDislikedYeah mate. For years!
Speaking of, though. ...Just called it a night. Early. 12:30. Walked home (only 5 mins from pubs... oh... How convenient!!! LOL ) ...anyway... two kids come up to me asking for a light. Talked. Turns out they're just finnished 6th grade. Here they are with two big bottles of coke with bourbon in them. Off their nut!!
That's so young. Didn't give them a lecture or anything. What's the point??Ignored
Quoting habeebDislikedThought I'd throw up a last chart before we all go our own ways for the long weekend. 4hr Pin on cable closing below the trendline resistance and also under the 50fibo. I'm short, targetting the yellow trendline first, then the purple one.Ignored