Hi Pinbar ,
on post 102978 you mentioned SH and SL Points,, what do these stand for in this instance.
mike
on post 102978 you mentioned SH and SL Points,, what do these stand for in this instance.
mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHi Pinbar ,
on post 102978 you mentioned SH and SL Points,, what do these stand for in this instance.
mikeIgnored
DislikedLooks like we have a downward channel on NZD/USD, whereas EU & EJ are in an upward channel.Ignored
Dislikedarea around 50 fib with the 0.8000 vbrn and ppz will be trickie level imho,
thanks for the chartIgnored
DislikedYep, that is why I mentioned it.
Being at the top of this downward channel is also dangerous.
Perfect area for sellers to jump in a push price down, with everyone looking at the Chanel the TL the BRN & the fibo.Ignored
DislikedYep, that is why I mentioned it.
Being at the top of this downward channel is also dangerous.
Perfect area for sellers to jump in and push price down, with everyone looking at the Chanel the TL the BRN, the fibo & the Monthly PPZ. Could be one happy family of sellers. Which is stronger, the bulls with that weekly PB or the sellers waiting at this area? We shall have to wait and see.Ignored
DislikedI've been reading the fourm for a while, this is my very first post though I have limited experience in forex and I'm really enjoying reading what everyone has to say. Quick question, does anyone else see the start of a pinbar in the 4 hour charts for USDCHF? Or is it too early to tell? I took a trade on it, and I have locked in profit so it can't turn into a losing trade at least.Ignored
DislikedI have been out of the scene and damn I have missed stuff.
Somebody's been makin' a killing
Nice work Steve.
g.Ignored
DislikedI've been reading the fourm for a while, this is my very first post though I have limited experience in forex and I'm really enjoying reading what everyone has to say. Quick question, does anyone else see the start of a pinbar in the 4 hour charts for USDCHF? Or is it too early to tell? I took a trade on it, and I have locked in profit so it can't turn into a losing trade at least.Ignored
DislikedHey Awesomeman,
That trade for a pin bar setup is very risky.
My thoughts are on the chart and they outline just some of the very obvious points that make this pin bar a lot less than an A+ trade.
To further add salt on the bruise, you threw yourself in, BEFORE THE BAR HAD EVEN CLOSED? Gee...that's a serious NO NO!
g.Ignored