Yeah, I got it on the breakout of the pinbar going down at 1.1490. Took some off with nice profit and holding remainder... Would like to see a test of 1.13 into that congestion zone. Stop to basically B/E.
Josh
Josh
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedGhous - How could you not like the look of the CAD/CHF chart.
I've been watching it for a few hours now (in between test driving cars). Add a powerful bearish MACD divergance to your list of reasons to trade- whether or not it plays out well is anohter story, but you never know until after the fact.
i'll be playing this puppy. It has plenty of room to fall too...Ignored
DislikedHi Jim, Thanks for the PM reply.
My first post in the Forum and the usual mega thanks for all those involved are passed accordingly :-)
I thought I would folow up my PM with some action - so here is one of my current positions - DLHC half already out at the first rejection of the upper blue bar (pls ignore the MAs), holding the rest until for either break long and review at 0.68(ish) or 0.6533 stop in profit.
Great work all - really impressed
TicIgnored
Dislikedvery nice. perfect entry and a sound knowledge of what price is likely to do
HAS ANYONE NOTICED THE MINOR PRICE FLIP AT 1400?
its just two bars but certainly a place to watch. i believe it is being tested right now.
jimIgnored
Dislikedvery nice. perfect entry and a sound knowledge of what price is likely to do
HAS ANYONE NOTICED THE MINOR PRICE FLIP AT 1400?
its just two bars but certainly a place to watch. i believe it is being tested right now.
jimIgnored
DislikedYeah, I'm watching that now too, as we sit near 1.14. Would like to see it fall back a bit. New to this PA stuff though, so taking it all in.
Up to post 4095 so far...Demo trading for a while yet, reading through this thread, look into PF, and am confident I can make this a career.
Thanks to James16, and also Bones, who directed me to this thread. Also, all the other regular posters.
JoshIgnored
Dislikedvery nice. perfect entry and a sound knowledge of what price is likely to do
HAS ANYONE NOTICED THE MINOR PRICE FLIP AT 1400?
its just two bars but certainly a place to watch. i believe it is being tested right now.
jimIgnored
DislikedHi,
Just a quick question for you guys. How do you consider a pin that has taken out a strong ppz level like on this 4hr with cable is that level weaker now that the price has overshot it so much or does the retracement just add to the strength of the level?
cheersIgnored
DislikedWhat do I consider when Price moves through a PPZ level and comes back down to form a Pin Bar, at a swing high? I consider it a tradable opportunity.
A few problems with this PA setup: the 1.4050 is actually a Resistence level not a PPZ and Pin Bar's nose is much to short. I do like the level of resistence which could turn into support and strengthen the 1.4050 level. Also, the swing high could be higher. Just my thoughts.
Now watch it fall like a stone. lolIgnored
DislikedHey everyone! Am new to forex, and hoping I can learn as much as possible asap! Will be following this thread as it seems to have helped a lot of people. Hope to learn as much as I can here, and hopefully will be able to contribute soon as well Gl all.Ignored
DislikedHi,
Just a quick question for you guys. How do you consider a pin that has taken out a strong ppz level like on this 4hr with cable is that level weaker now that the price has overshot it so much or does the retracement just add to the strength of the level?
cheersIgnored
DislikedHey,
To me personally I like it better when pins have PPZ running through their noses, In my eyes thats going to hold as support/resistance and help protect my stop. But i don't differentiate if say . . The nose has bounced and not even touched the PPZ or a pin bar like the one you have on your chart.
I didn't get that on my feed, I highlighted the bar that I think it is , but even if it was any of the other bars I still wouldn't have been taking it.
1) It's sitting on the support (See Chart)
2) I didn't like the form of the bar on your feed...Ignored