Does this patter of double highs and higher close have any significance?
Seb
Seb
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedIt came exactly to 50% of my original TP. I like to take quick profits.
Also another thing is, don't let a winner turn into a loser. James16 mantra.Ignored
DislikedIn that case I would have set the Stoploss to break even.
If you keep going for only 30 Pips but Risk 100 this will not work out
in the long run.Ignored
DislikedDoes this patter of double highs and higher close have any significance?
SebIgnored
DislikedDoes this patter of double highs and higher close have any significance?
SebIgnored
DislikedHey Seb,
That would be what we call a TBH(two bar high). This shows a stall in the move, or when the TBH is broken can be a sign of a continuation with the move
MikeIgnored
Dislikednice 2day pin forming on the EURCAD. Off a monthly PPZ and 38.2 Fib.Ignored
DislikedHey Sheep
I think bars like that are better off left alone. I know my rep is the ultra conservative trader but being the pinbar is so small, it is hard for me to believe that it is going to carry much weight. Could stall out on the prior bars low if it does move lower still about 40 mins till my bar closes though
take care
MikeIgnored
DislikedJoe,
That's an IB got broken to the downside. That PIN is very misleading.
Why I favor the IB setup instead of the PIN here? IB is on the PPZ and PIN is not :-)
KenIgnored
DislikedPIN on USDCHF daily chart. It's off 1.15 PPZ.
I am still working on my target estimate but 1.1825 area seems the good.
KenIgnored
DislikedHi guys,
just saw this daily pin bar on chfjpy.
pro:
1. it's at swing high
2. nose stick out of ppz of 85.
3. off 150 DMA
con:
1. pin bar not as large as other bars in chart
2. may not close below 85 (i use fxdd)
what do you think? good to go?Ignored
DislikedPIN on USDCHF daily chart. It's off 1.15 PPZ.
I am still working on my target estimate but 1.1825 area seems the good.
KenIgnored
DislikedI noticed it too and i like it.
PROS:
- at a swing high
- 38,2 FIB
- close to PPZ at 1,63
- the other recently pins worked quite well
CONS:
- against the long term trend
- enough space to move?Ignored