DislikedOf course not tradeable(is that a word?) now.
but when i posted it i thought it could close some 15 pips up.
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I believe . . .
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedOf course not tradeable(is that a word?) now.
but when i posted it i thought it could close some 15 pips up.
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DislikedHey Ghous,
I see some discussion on IPB on charts posted lately. This made me study thoroughly your post on IPB introduction which I had stored in my T0-READ folder a long time ago.
I just wanna say good job there (although it has been more than a year already). The psychology that the IPB paints makes good sense.
Will add this to my arsenal of PA.
By the way, please check to see if the word "bears" in BOLD should read BULL or not? I think it is an typo error.
CYIgnored
DislikedHey Ghous,
Just wondering about the psychology involved in pin bars (or their variants)
Would you agree that the bar on the right (zoomed-in chart) is more bullish than the IPB on the left chart (let's assume both are in the exact same location). If so, could such bars be played as well as bullish PAs u think? Maybe also with entry at close and SL at the end of the long wick in this example?
P/s: Gentlemen of J16 thread, I know this is a bit off-topic but please bear with me.........
CYIgnored
DislikedWill this PPZ work again for EU?
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TL and 62% fib for EJ but i cant see a clear PPZ.
Ok lets see.
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Dislikedmaybe the one on 1.3300 will work although the big weekly bearish bar scares me a little...
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DislikedFor those of you who follow IPBs Gu daily today gave the second example in recent times of 2 side by side IPBs working out just as well as a single IPB.
The first was on Eur/Aud daily a few months back.
Location I am sure was the prime factor behind both these setups and their positive results.
g.Ignored
DislikedWill this PPZ work again for EU?
.
TL and 62% fib for EJ but i cant see a clear PPZ.
Ok lets see.
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DislikedWe'll find out.
Market almost always gives a hint before it's next move.
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DislikedAlmost Always.
First entry on EU is retracment of the BUOB at PPZ. EJ is Retracment back to TL.
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DislikedI have had the occasional glimpse of weekend Mike....
...and that guy is a BEAST. I want to hang with weekend Mike in Vegas on a Saturday night (and wake up with a tiger in our hotel suite...lol)Ignored
DislikedA bullish pin bar and bullish IPB represent the same mass psychology.
When the trend is down, and a BEB fails to close as is and instead closes higher near it's open we look at it is a pin bar, it's important to us as price action traders because it hints us to a possible reversal (depending of course on the overall location) or a stall in the trend that can be skinned for $$$.
A bullish IPB posses similar logic. When the trend is up and price fails to make a high significantly higher...or better still...it fails to make a high any higher...Ignored
DislikedI'm trying to find a tool that automatically calculates position size. Do you guys have any suggestions?
Thanks,
PIgnored
Dislikedhi all,
just wanted to ask, is this what you guys mean by touch trade.
in this 4H chart of GY, price hit a BRN and a TL, formed an IB and zoomed off.
please let me know if i got it right.
thanks,
nustraIgnored