very cute kids james
merry xmas all the best to you and your family and everyone here at FF on the holidays!
merry xmas all the best to you and your family and everyone here at FF on the holidays!
Where can I learn more about Price Action like those in James16 charts? 9 replies
Quoting goodtiding5DislikedI just noticed an IB in the daily NZDUSD chart. Prior to this IB, we have had a DBHLC and a PIN setup and the price didn't move much to the down side. Now, we are very close to the violation of the up trendline, if the price choose to break to the downside.
On the weekly chart, the price has retraced to the 76.4 fibo of a downward movement since Dec. 2005. In addition, we are near the weeky PP at 0.6920 and are getting closer to the EMA(365) on the weekly. Plus, we also got a TBH setup on the weekly. I am not sure if the last weekly bar can be treated as an IB or not.
We could see the price going either ways. However, the scenerio that the price will move to the downside may be more likely.
KenIgnored
Quoting moneybagsDislikedHey everyone,
Check out this interesting formation on the AUDJPY Daily chart.
3 almost identical bars in a row. It's a Trible Bar High with higher lows in each bar.
This pair has been uptrending since late May.
Any thoughts?
Oh, and BTW: Merry X-mas and Happy Holidays to all! All the best!Ignored
Quoting goodtiding5DislikedI just noticed an IB in the daily NZDUSD chart. Prior to this IB, we have had a DBHLC and a PIN setup and the price didn't move much to the down side. Now, we are very close to the violation of the up trendline, if the price choose to break to the downside.
On the weekly chart, the price has retraced to the 76.4 fibo of a downward movement since Dec. 2005. In addition, we are near the weeky PP at 0.6920 and are getting closer to the EMA(365) on the weekly. Plus, we also got a TBH setup on the weekly. I am not sure if the last weekly bar can be treated as an IB or not.
We could see the price going either ways. However, the scenerio that the price will move to the downside may be more likely.
KenIgnored
Quoting GatewayDislikedI have read the thread must of missed something. On the chart of this post what makes that an IB (inside bar correct?) Isn't it the last bar?Ignored
Quoting mbqb11Dislikedyes inside bar is the last bar on that chart. It is when the high and low are within the high and low of the previous bar.Ignored
Quoting CandlePowerDislikedhi goodtiding,
just from my view & just price action (not applying fibo)...
im afraid the momentum from DBLHC & Pinbar Setup not finishing yet & price still have upside bias. just my 2 cent.
regards,
candlepowerIgnored
Quoting ademacDislikedI just spotted a PIN on the GDP/USD weekly chart Looks promising will give it a go and see how it pans out.Ignored
Quoting mbqb11Dislikedjust some comments Ken, The DBHLC you show is not a true one. You want the close to be lower then the low of that previous bar. Also its important to note where this bars occur, that have the best shot. The first pin bar was the best bar in where it was situated in my opinion as seen on my chart. We do have an IB now so let's see this thing could break either way being it has been in a strong uptrend, but its also at strong resistance now so a downside break is also very probable.
mikeIgnored