Thanks for charts PPFX very interesting
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Best
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Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHey Tamastomi
You have marked off your trouble areas very good so my question would be what do you plan to do at those areas. Mainly the first blue PPZ line that you have marked under the pinbar. It has many multiple bar highs but I see you have a take profit much further down.
Hope you had a nice weekend
MikeIgnored
Dislikedus/chf daily shows an IB at a nice swing high testing parity again...
weekly chart shows the strength of that level and the daily chart the IB
4hr charts show the intraday levels and trouble areas i would watch..
hi everyone btw ...lets hope i remember how to attach a chart!?Ignored
DislikedYeah, and just under parity as well.
EU has a nice weekly PB right off the 50 fibo and 1.3500 BRN, sitting right on top of the 150 EMA. Don't like those multiple bar lows just above it though.
Still on my first coffee and missed them the first time around.Ignored
DislikedMight be a decent weekly entry Pinbar if we wait until it breaks those lows, as the next trouble area is fairly clearly defined.
I'm not a news trader by any means, but I think the Irish bail out thing is one of those times when it might pay to watch the news carefully.Ignored
DislikedI'm bullish actually Pinbar. I realise the FTA area is right in front of the 1.60 entry on the H4, but I'm looking to TP at around 1.61300.
Goes to show how subjective chart reading can be...Ignored
DislikedHey Nuc
I think this is a fantastic trade. Notice the false breakout above that entire boxed range, and price closing well below it and a break of the PB is a break of a nice wedge too.
I think that is a recipe for a successful trade
This is where the story becomes so important. To the new PA trader they see pinbar in traffic. Which is good they see that cause most of the time it would be. But when we peel the layers on this we see VERY larger bar and everything above.
Thanks for sharing
MikeIgnored
DislikedShort Gold?
Hi, I'm newbie on PA reading thread, but spot Gold 4H. It doesn't stick very much above previous candle, but the blue resistance worked just perfect later this and last months even in uptrend.
I am not sure are we on Gold trend reversal, or is it a channel, but the line I think will work again. Any coments?Ignored