Dislikedhi HanSolo, this is a big step to have taken bro hearing it said and seeing it for yourself from the charts is another thing entirely!nice one dont underestimate what you said here...Ignored
Thanks J16, Sam Seiden, Udine and Jacko
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedhi HanSolo, this is a big step to have taken bro hearing it said and seeing it for yourself from the charts is another thing entirely!nice one dont underestimate what you said here...Ignored
DislikedMike thanks. I was thinking of Dan's / Ghous' inside 4 bars - where the bar is within the range of the previous 3 bars - or have I got that horribly wrong?
Just wanted to do some demo's on it and searched the thread but cannot (yet) find the full description. I know you posted a link a few days ago but I wondered if there was anything more comprehensive. They seem to wind up into big moves.
I'll keep searching. As ever, thanks.
J67Ignored
DislikedHey J
You may be thinking of an IPB(which is ghous thing), and inside4b(I4B) is simply an inside bar that has a smaller range then the previous 3 bars. It still must be an inside bar.
Here ya go
http://www.forexfactory.com/showpost...ostcount=59040
Best
MikeIgnored
DislikedSo firstly it is an inside bar, then it can be an I4B as well, i.e. being an I4B alone is not significant enough as PA?
Thanks
J67Ignored
Dislikedan I4B must be an inside bar. But not all inside bars are I4bs.
You can have an I74B, which would be an inside bar that has a smaller range the the previous 73 bars.
So an I4B is an Inside bar the MUST have a smaller range then the previous 3 bars and MUST be an inside bar(that is inside the previous bar only not inside the previous 3 bars).
Let me know if that clears it up
MikeIgnored
DislikedSo, the play on my previously posted chart (posted again) would have been the inside bar two days ago, that also happens to follow the previous day's inside bar and is at a PPZ long. This shows a winding up ready for a breakout?
J67Ignored
DislikedHey J
Yep this would make much more sense. This would be an I4B, maybe an I6 or 7B. Price basically formed this I4B right under 125 when it broke both it bursted higher(inside bars show a consolidation and the I4B shows a decreasing of range )
MikeIgnored
DislikedThanks again Mike.
Slow here today, not sure why?
What's your take on Wizard's crude? I looked - see chart below (the black arrow was the entry I posted a couple of weeks ago (with monthly / weekly / daily PPZ)).
Different broker, but are the bar highs as important as resistance if shorting as the bar lows (at around 8570)? In my chart, we seem to be running into traffic on the highs almost immedutely. However, on the bar lows, there is room to 8520, then to 8470.
Feels like a private lesson from Mike and the Wizard - awesome. Is it like...Ignored
DislikedYesterday I feel in love with a PB on daily NZDCHF:
- @ swing high
- @ upper intermediate channel TL (yellow line)
- below 1.7900
- bearish divergence
Still it was a countertrend trade after a very steep up move and, as one can clearly see, selling on friday and ends of month seems not as reliable as on other days. Furthermore BRN 1.8000 may act as magnet for price.
Ignored
DislikedHere's an pin bar that played out nicely. Mini-sized Dow 15-min chart.Ignored
DislikedThis is a bit more consistent. Its 95% of ALL traders. I bet 20-30% of the people that actually frequent forexfactory are moderately successful in the very least.Ignored
DislikedI dont think I've heard anyone mention the monthly AUDNZD BEOB. Its at a swing high and is being rejected off the 1.3 BRN. It also has divergence as confluence.
Thoughts?Ignored
DislikedHey Pinbar
I can not believe you are the first person to take that name after all these years!...Ignored
DislikedSaw this one too. Right on a BRN. Also, on my chart a trend line on the bottom forms a nice pennant. Should break soon. Whats your take on the 1st trouble? I see it as 1.6730 long and 1.6392 short.Ignored
DislikedSaw this one too. Right on a BRN. Also, on my chart a trend line on the bottom forms a nice pennant. Should break soon. Whats your take on the 1st trouble? I see it as 1.6730 long and 1.6392 short.Ignored
DislikedI would say 1.662ish long and 1.641ish short. Dang, if only the spread wasn't so high. It is 8 pips on IBFXIgnored