Dislikedsorry for such a dumb question, but what does "ppz" mean?
I know it's gotta mean price ....something
thanksIgnored
Hey John
Check this out
http://www.forexfactory.com/showthre...pz#post2334887
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedsorry for such a dumb question, but what does "ppz" mean?
I know it's gotta mean price ....something
thanksIgnored
DislikedYup! It can be treated as a 2 day beob, a 3 day pin although valid would not be off a great shape...
@Squeezy,
Considering the 2 day BEOB...
The probability ratio would be:
location: 3/4 (with the trend, 50 fib, however not at a true swing high but rather on a pullback)
Space: 3/4 (The 1.46 level looks obtainable some prior bar highs however may raise a question mark)
Shape: 2/2 (fine in this department)
8/10 would be my answer
Regards,
Ghous.Ignored
DislikedHey Squeezy bro, hope everything is going good with you
Careful with this one, it is not a 3 day BEOB vs. the last three days (See chart) I don't use one of those period converters that Jim has but I doodled would look like that if you used it.
Regards,
JigIgnored
DislikedYup! It can be treated as a 2 day beob, a 3 day pin although valid would not be off a great shape...
@Squeezy,
Considering the 2 day BEOB...
The probability ratio would be:
location: 3/4 (with the trend, 50 fib, however not at a true swing high but rather on a pullback)
Space: 3/4 (The 1.46 level looks obtainable some prior bar highs however may raise a question mark)
Shape: 2/2 (fine in this department)
8/10 would be my answer
Regards,
Ghous.Ignored
DislikedA number of you have been demonstrating some interesting setups on GBPUSD and i would...Ignored
DislikedVery nice Alias. Good eye. Yes I'll combine many different time periods when Price has reached a good location and confluence.
My only concern is the size of the 3 Day PB, may not be strong enough.
Bounce of the 1.2000, extra special round number and the 1.2100 is very strong as well. Strong break of the 1.2200 not the PB, very good.
Also look for the break of the 1.2200 then retrace back. 1.2200 then may act as support from resistence.
Well done sir.
JimIgnored
DislikedYes. I like the ability to customize the size of my trade. Very low spreads on several pairs. They have treated me fairly when their platform had a glitch and caused me a loss when I should have had a gain. My account makes interest even when I am not trading. Their daily candle starts in the middle of the Asian session. This is different. For some methods it helps. For others... confusion. No trailing stops have been an issue although they have it going in their beta study. Fib study tools are antiquated. Their fib time tool is broken. They know...Ignored
Dislikedi am thinking that they are the best, given the market circumstances.Ignored
Dislikedthx lou. i have yet to come across a negative that would affect my plan and style of trading or make me want to go w/ someone else. my plan is simple. i am just going to trade the 3-5 a+ wkly/daily setups that we usually get in a given month and just slowly but consistently build up my acct. my main concern in a fx retail broker is safety of funds (& low spreads). & given the choices we have in this market i dont think there is anyone better.Ignored
DislikedVery niced ghous. This is what we look for, BEOB at a swing High off a strong PPZ 1.5000. The 3 Day may not be a "great" PB but it is a Bearish PB none the less.Ignored
DislikedI think the only question becomes how much downward movement can one expect? It's currently respecting an upward trendline, and looks like quite a zone to get through 1.47-1.46. It is currently sitting at the 61.8 retrace of the 1.46 to 1.5050 move up. The way I see it, the best play here maybe a difinitive break of 1.46 or 1.50-5050.(unless of course one is already in with a short and has moved to +) Just my analysis, hope not to step on any toes, you guys do such a great job with the help of others.
AttachmentIgnored
DislikedI will be more keen in the lookout of Bullish PB or BUOB for this case....
Patient is a key I must say!!!
SonicIgnored