an IB4.. on daily
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Where can I learn more about Price Action like those in James16 charts? 9 replies
QuoteDislikedhi shayb,
Looklike a spinning to me than a pinbar..and yes spinning also sign of reversal..and on the previous candle of the spinning also a sign of reversal based on nison candlestick..so i will see it this way...a reversal sign--then the strength getting strong by the spinning top. just like gathering power to shoot down eh? ..well let us see then.IMO
QuoteDislikedThanks man
Can you post another example in chart ?
and please explain how should i trade such a PA?
Thanks Again
Shay
Dislikedeither ways you're talking abt the same impact!
anyways here is the Au pin bar on the daily, it was there on the 4H too though a bit ugly...i went long ofcaorse!
http://i81.photobucket.com/albums/j2...us/sakdb-1.gifIgnored
DislikedShay-another great call - if I understand your early(?) call of the PB set-up correctly, you enter @ the open of the 'third bar', in this case with a great R:R! Is this correct?
freddiIgnored
DislikedNo ONLY AFTER THE LOW OF THE PIN WAS BREAKED I WATED FOR RET 50% FIB THEN I ENTERED....159.16 Sl just over the high of the PIN one more thing i did not close this position yet i am moving the sl with the market now this trade will never be a lost....
Enjoy your weekend
ShayIgnored