Dislikedhi adilius,
this is not the s&p 500 index. it is an exchange traded fund (etf) on the s&p from the asset manager "state street".
hthIgnored
NYSE canceled all trades occured during that time.
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedhi adilius,
this is not the s&p 500 index. it is an exchange traded fund (etf) on the s&p from the asset manager "state street".
hthIgnored
DislikedHi mike.
I have been reading a lot of your posts and can tell you...Ignored
DislikedHi mike.
I have been reading a lot of your posts and can tell you are a very good trader....
Anyway, here is a trade i took today...Ignored
DislikedAnd this is another one on EUR/USD. Got a bullish daily Pin Bar yesterday off fib confluence and daily support. Price hit monthly pivot and stall. I identified Twin Bar High. Place buy limit on break and stop below the second bar. But we never got a break. I know the daily PB has a lower close than open, but does it nullify the fact that both open and close are at the upper end of PB?
Any comment would be much appreciatedIgnored
QuoteDislikedNot many J16 people use pivots, because while they sometimes line up with PPZ, they are not the same thing.
Looks like your DBHLC actually hit the FTA
Disliked...
Looks like your DBHLC actually hit the FTA where BE or taking some off the table would have been in order.Ignored
DislikedAnd this is another one on EUR/USD. Got a bullish daily Pin Bar yesterday off fib confluence and daily support. Price hit monthly pivot and stall. I identified Twin Bar High. Place buy limit on break and stop below the second bar. But we never got a break. I know the daily PB has a lower close than open, but does it nullify the fact that both open and close are at the upper end of PB?
Any comment would be much appreciatedIgnored
DislikedWhat is FTA? How is PPZ different from Pivot Point? How to get them on chart?
...Ignored
Dislikedthere was a minor flip around 1.0140 which u overlooked. (try&plot a line there)
u also had a medium-/long-term downTL that got broken. price bounce from it too, forming a small pin, then a BUOB (additional warning signs).Ignored
DislikedWhat is FTA? How is PPZ different from Pivot Point? How to get them on chart?
Thank you
DannyIgnored
Disliked... But that was a very small flip. I couldn't see it until i went down to the hourly chart (even then i had to squint). I wonder how you can see this - did you go to lower TF to check any possible flips? If so, how low would you look in terms of TF? If let say you had a PB on the daily, how many lower TF will you look at for flips? And which ones will you place more importance in terms of target?
....Ignored
Dislikedif u need to squint, then it's either u have to use eyeglasses &/or reduce the number of lines on your chart or change the line colors. or u can simply zoom in/out the chart.
Hope that helpsIgnored
Disliked....
Was backtesting and saw this pin at a swing low + off the ppz on the H1 GBPUSD chart. I anticipated price to push back up to the 1.5867 area which was the next PPZ level i identified. However, price did go in that direction but didnt quite reach it. The pin was subsequently invalidated.
.....Ignored
DislikedI am not Mike by any means, but I can see the main problem.
Not many J16 people use pivots, because while they sometimes line up with PPZ, they are not the same thing.
Looks like your DBHLC actually hit the FTA where BE or taking some off the table would have been in order.Ignored
DislikedHe also sold right into a pullback towards the breakout of the 4H-TL, on his chart you'll see a PB-ish BUOB confirming a succesfull retest of the broken down-TL.Ignored
DislikedYeah, but, it wasn't a PB when he sold so he could not know it was a pullback.
I agree, the TL should have been the warning sign along with the PPZ.Ignored