Hi guys, what about this one for EU in weekly, good setup for PinBar and fibo bounce ?
thanks
thanks
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHi guys, what about this one for EU in weekly, good setup for PinBar and fibo bounce ? thanks {image}Ignored
Disliked{quote} Thanks Mike, hope your feeling better, know your pain pink eye seems to be claiming both kids and me sucks! I guess maybe I just feel more comfortable with futures as I have a little more time following the charts than forex or equities. also a silly question I'm sure, but I don't have much time in with equities at all and read that shorting isn't quite as easy as with forex or futures, is there any differences?Ignored
Disliked{quote} Hey Greg Careful this isn't technically a pinbar since price didn't close within the previous bar. Also you really want to look for them at better swing points when starting out. Let me know if this makes sense Best MikeIgnored
Dislikedwell other are valid and looks the same. AGNC is only one that looks different at finviz.com... strange thing.Ignored
Disliked{quote} Hope the kids and you are feeling better too! Not really in any liquid Equity. If the equity pays out a dividend you'll owe it much like negative swap in FX. But in general from a weekly standpoint things aren't that different. FX is of course a more liquid and easier market to participate in. I don't trade many futures myself only once in awhile have I. Best MikeIgnored
Disliked{quote} what price did You get? I am trading stock options so my entries are little differnet...Ignored
DislikedAnybody waiting for the retest on the GBP/JPY? There seems to be alot of room from the next HCR on the weekly chart.{image}{image}Ignored
DislikedHi guys, what about this one for EU in weekly, good setup for PinBar and fibo bounce ? thanks {image}Ignored
DislikedIf it closes like this is it a good pin bar to trade? It's rejecting BRN 1.2000 and it's very big but it's trading into traffic and it's counter trend. {image}Ignored
Disliked{quote} Hi gregart! I’m a newb just like you, however I tend to have a new idea about pinbars: Even B, C pinbars can be traded, but here you have to be aware of the FTAs, and (!) be nimble – you have to either Take your Profit or Break Even as soon as these Minor FTAs are reached. Just as Mike said this Pinbar is not valid. But (!) the pin from 2 weeks ago was. (It’s wick wasn't huge I know – but at least this one closed in the range of the former bar – also notice that it’s body is much more in the middle as at the...Ignored
Disliked{quote} Hey Stephen Your thoughts are correct here. All 3 of those bars are going to be very tough to trade due to the extreme traffic and FTA being so close(without a larger story to support holding). This makes them very tricky especially for new traders Best MikeIgnored
DislikedAnybody waiting for the retest on the GBP/JPY? There seems to be alot of room from the next HCR on the weekly chart.{image}{image}Ignored