I do have ibfx feed that doesnt show pin tho...
With Fib:
With Fib:
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedhey guys,
just wanted to post my only trade for today .
my tp was hit @ 1.2120.... played a retracement off the broken support ,now turned resistance + break of the trendline
cheersIgnored
DislikedMark? I am not Mark...Can't be mark for atleast another 10 years
You quoted my post so I assume the question is directed at me...
I'll be watching for some PA on the 4H or daily, a pin bar or a BUOB would be good, trade management would be just like any other PA trade on the daily (stop's most probably gonna be below the obvious support levels)Ignored
DislikedYes I see, boy those pin bars don't show up too often, are they more common in futures?Ignored
DislikedNot a great looking piece of PA by all accounts imho, I see the area that you are getting at though. But for me the 1.15 PPZ here is where it's at for anything USDCHF.
This 1.15 PPZ is the gift that just keeps on givingIgnored
Dislikedpin bars and other price bars show up plenty trust me It is simply a matter of skipping on the So-So setups, and waiting for the better setups. A++ setups on daily/weekly for me on forex pairs range in the 2-5 a month. As you drop down in timeframes my trade avg increases, but that shouldn't be done till you can do it on the daily/weekly.
And yes you can watch futures/equities/commods anything that moves
and as always remember, we are trading to make money, not to tradeIgnored
DislikedNot a great looking piece of PA by all accounts imho, I see the area that you are getting at though. But for me the 1.15 PPZ here is where it's at for anything USDCHF.
This 1.15 PPZ is the gift that just keeps on givingIgnored
DislikedNot trying to sway but just wondering if thi helps.Attachment
Ultimately, It's up to you.Ignored
DislikedHello,
I'm very new to this thread and I'm looking for some advice. Since all brokers have different H4 bars, how do we deal with this?
I'm attaching two examples of eur/usd at this moment. One is from ibfx, which show a pin and the other one is from LConnection, which doesn't show the pin at all.
As a newbie, my understanding would be like this: The bars on charts are just a way of displaying the PA to us. We know that the PA retraced to 3275 level after bouncing off of the support at 3225 and ibfx shows this to us. LConn doesn't. Therefore...Ignored
DislikedShort on USD/CAD...it has broken a daily trend line showing us a THLC of a Weekly PPZ on 4h TF.Enter at 1.2118 first TP at 1.2024 stop loss above PA at 1.2246
Now in profit for about 40 pips....just brought stop loss at BE.
It's a free trade .
What do you think about my analysis ???Ignored