Thanks supremeChaos,
Hope this chart can clarify my question. I have been talking about the pinbar at 21 Sep 2008, which have been highlighted by James16 initially. If I entered at the lower end of the pinbar, I will face an immediate trouble zone, am I??
cheers,
kk007
Hope this chart can clarify my question. I have been talking about the pinbar at 21 Sep 2008, which have been highlighted by James16 initially. If I entered at the lower end of the pinbar, I will face an immediate trouble zone, am I??
cheers,
kk007
Dislikedkk007,
if i may.... im trying to understand your line of thinking..
why the gain is 50 instead of 500 pips? wha is the value/price u based that from?
what is the price of "the top of the ppz"?
Sir james16, i believe, based the 500-pip gain from the 1.3830-70 ppz (Jul2007 mini range highs, Aug31'08 PB/spike low) &/or the weekly chart 150EMA (around 1.3927)
if u look & trade solely off of that weekly chart, u can see the immediate bar after the PB (from the 1.4900/5000) was a huge drop/down bar, indicating momentum of the downmove.
this...Ignored