DislikedI took it long as a weekly I.B. with the same TP but since I've had enough time to micro manage I am letting it run with profit locked in.Ignored
Your right, it's a IB...
Thanks buddy....
BTW, where was your original S/L located?
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI took it long as a weekly I.B. with the same TP but since I've had enough time to micro manage I am letting it run with profit locked in.Ignored
DislikedBelow the IB as I watched until I could move to break even without stirring...it reached about 9125 (after entry) and then suddenly collapsed but it regained strength so I took that as a test of the pre-entry area and set for break even and went to bed (for 2 hours, now I'm at work. Looking to eliminate that some day)Ignored
DislikedHi Rec,
Nice entry. I see the divergence. But I have not seen a pin bar to trigger this reversal. Don't dare to since I was burnt yesterday. Can you explain your entry based on what trigger and the target? Thanks.Ignored
DislikedCan understand you buying GBP down there.
Don't understand the GBP/JPY crystal ball man. Other than your reasoning before on everyone loving obama and realising what a bargain the yen is..
Love to hear some more on that if you've got a minute to divulge?Ignored
Dislikednot exactly. I trade yen crosses together with us based crosses.
To really simplify the answer I will say that if I get a go on cable and 'price in' equity direction/move, I will also trade pound/yen.
ps. funny, out of about 50 PMs, almost 90% of 'respondents' didn't understand it either... .
I hope we get 4hr pb on g/j. I'll add more...Ignored
DislikedI think you have the analysis a little backwards though. A double bar low would be normally taken as a continuation short, unless there is a higher close which may be taken long, but this one has a lower close so it's either a DBL short or an IB long....
Unless it's too early in the morning to remember.Ignored
DislikedHello friends.
What do you think about this pin on 4h in a swing?
ThanksIgnored
Dislikedhey thexder, pls can i see a chart wit inside bar and outside bar...
dont think ive seen them before and pls wat do they meanIgnored
DislikedPage 1 post 10 for outside.
Should then be able to figure out inside bars.Ignored
Dislikedoh i knew dis, didnt kno the beovb was called the inside bar and the buovb ,the outside bar...thnx for making it clearer, i can see much better now...Ignored
DislikedHello friends.
What do you think about this pin on 4h in a swing?
ThanksIgnored
DislikedIB Inside Bar
ovb Outside Vertical Bar
be Bearish
bu Bullish
beovb engulfs previous bar and closes lower than it opens
buovb engulfs previous bar and closes higher than it opens
IB high and low extremes are within previous bar extremesIgnored
DislikedIs anyone else still in the CHFJPY Weekly Long Pinbar trade?
I took the weekly pin bar on the CHFJPY, due to the location and then the shape of the bar. I had believed that the JPY was going to look weak this upcoming week. Even with Obama stepping into office.
It reached up and hit my Limit Buy, then went about 30 pips short of my first target profit. After that, it has been all down hill. I am still in the trade by about 30 pips (set a long stop loss in case of the Obama situation today).
Just wondering if anyone else took the trade, and...Ignored