Hi all,
I haven’t posted a lot but I have been following the thread trying to take in as much as possible and learn. Hopefully the more I learn of the J16 method and develop a better understanding I will be able to contribute more often.
However, I have some questions regarding the daily PB on cable.
Firstly would this be considered a proper PB, for me it is a PB without a long wick
From my understanding it has bounced of the fib level 38.2, and is at a PPZ zone (see attached chart)
Secondly I am struggling to identify the FTA zone for this trade.
I probably won’t take the trade either way because I am sure it is not A+ and I am still in the early stages with this method however I would like to understand how it could, would or should be played?
I haven’t posted a lot but I have been following the thread trying to take in as much as possible and learn. Hopefully the more I learn of the J16 method and develop a better understanding I will be able to contribute more often.
However, I have some questions regarding the daily PB on cable.
Firstly would this be considered a proper PB, for me it is a PB without a long wick
From my understanding it has bounced of the fib level 38.2, and is at a PPZ zone (see attached chart)
Secondly I am struggling to identify the FTA zone for this trade.
I probably won’t take the trade either way because I am sure it is not A+ and I am still in the early stages with this method however I would like to understand how it could, would or should be played?