Shah
For every action there is an equal and opposite reaction.....![](https://resources.faireconomy.media/images/emojis/64/1f917.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/1f917.png?v=15.1)
Where can I learn more about Price Action like those in James16 charts? 9 replies
Quoting PanjanDislikedHai Guys,
I'm learning this price action and hope someone can help me to confirm
this chart.
Is this the Pin Bar?
If it is, where shall place my order?Ignored
Quoting GatewayDislikedI have read the thread thru once and parts 3 times. But could not figure out why that is different then a pin bar. I appreciate the answere.
thanksIgnored
Quoting mbqb11Dislikedthat would be a neutral bar(shows indecision)
Best,
MikeIgnored
Quoting mbqb11DislikedHello gateway,
The difference is where the open and close are located. For that example we would want the open towards the top of the bar and the close above the open towards the top of the bar. Instead the open and close are nearly identical and in the middle of the bar. If we think about it in just very basic terms it was a fight of buyers and sellers and neither one so we ended up with a draw in the middle.
Let me know if you need anything else,
MikeIgnored
Quoting PanjanDislikedSorry Mike,
I have to ask further. How can I differentiate between neutral bar and PB. Whats the criteria...thx.
shahIgnored
Quoting PipBirdDislikedThanks mike for all the double bar examples and help, hopefully this will increase my number of trades as i only trade off dailys.Ignored
Quoting sch305nyDislikedI got stoped out on GBP/JPY... oh well. next time, I will get out the trade before Friday close.
By the way, I have a couple of questions. Since it is very slow right now on market, if anybody can respond would be very helpfull!
First of all, the circle1 is combined Pin bar, is it correct? this is the daily chart.
So it is 2-day pin. The second bar on this pin bar is closed below the previous bar's open. It should fit the discription of Pin bar right?
Now, if higher the time frame more reliable then, would it over write the circle2 pin bar(even tho it didn't close higher than open,let's say it is pin bar for here)?
SawaIgnored
Quoting rlelijahDislikedYou mentioned that the pin on USD/JPY would not play , but what about day pin on CAD/JPY. Also doesn't USD and Cad most of the time work together. Just learning here.Ignored
Quoting sch305nyDislikedThank you for the quick reply Mike! And sorry for the confusion.... Here is the GBP/JPY chart that I got stopped out. I got in the blue line for long and got stopped out at red line. Just looking at the chart now, I found the 2hr pin bar(A) before that!!! I have to be very careful when I see the combine one... If I am trading this for long the next time, I will enter the brake of the 2hr pin. What do you think?
Sawa
ps. the brake of the 2hr pin didn't make any sence to myself... hahaha I must be tired.Sorry........Ignored