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james16,
awesome PB chart w/ subsequent explanation Sir. price "kissed" the target & immediately stepped back.
Where can I learn more about Price Action like those in James16 charts? 9 replies
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Dislikedhi all just trade this nu ob last night before i go to sleep. look like it's ob break ppz trade. My entry at the break of ob, already take first lot at bottom ppz/support (green line 5064), this trade not 1:1 r:r though and know 2nd lot is be will tp at 5010 before round number.
any opinion/comment about this trade and about my 2nd tp is that good?Ignored
DislikedHi
I am at pg 184 of this thread. I have downloaded the price actions setup pdf. But i had encountered some price actions setup which is not illustrated in the pdf, like TBH and eight hours pin or two days pin. Can someone explain more in details what do all the terms mean. It is better if it comes with a chart explanation. Thanks in advance.Ignored
DislikedWhile looking at the weekly chart, the 1.2400, 1.2300 and 1.2100 levels stood out at suport/resistance areas. I believe that my feed has provided me with a DBHLC. The highs from the week of Feb 1st and Feb 8th are both at 1.2743. The lower low from Feb 8th is at 1.2417.
My current plan is to sell AUD/NZD at 1.2407 with a stop loss at 1.2753. Luckily, I have a broker who allows flexible lot sizes. This allows me to risk 2% of my account with a 346 pip stop loss. Current profit targets are 1.2100 and 1.1850.Ignored
DislikedHey Ray
Those pdfs were put together by fellow followers, nothing "official"
On my chart I have an example of a 2bar pin, 2 day pin. If you take the open from the first bar, and the close from the second, and picture it as one bar. Combined they make a 2 day pin.
The other example with the two arrows over it is a TBH or a two bar high. This is where you have matching highs. This can be considered a stall in the move until broken when it is then seen as a continuation(ie a breakout of the matching highs).
Hope that helps
MikeIgnored
DislikedNice pin bar forming on GBP/JPY H4 chart, at the confluence of fiob 0.61 ret and strong support. Any comments?Ignored
DislikedNice pin bar forming on GBP/JPY H4 chart, at the confluence of fiob 0.61 ret and strong support. Any comments?Ignored
DislikedHi everyone,
I looked at the GBPUSD 4 hr pin formed just now. But I do not feel this is a A class trade as it is not at a swing low like what simoncs said. In addition is the location wise good enough, I saw it close above the previous resistance and above 00 level? I also feel the pinbar do not have good space. Pls comment on my observation on the space and location.Ignored
DislikedThere is some traffic up above but this is also a nice swing low.
Any input is appreciated!Ignored