I don't trade on 30 minute chart. However, this PIN on EMA(150) around 4HR PPZ is very profitable
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Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI don't trade on 30 minute chart. However, this PIN on EMA(150) around 4HR PPZ is very profitableIgnored
Disliked
15M...30M.....people, what are you doing....
Everyone's gone scalping...*shakes head*
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DislikedAnyone else catch this one? It's at 1451 now. This could turn into a 4hr pin.Ignored
DislikedNope, but watching the live one (it's the S&P futures).
It's also nearing a 2x4h PB, no? But it's under attack..
Either today or tomorrow could put in a low before heading higher, which would allow for a rising carry AND majors, which is what I've been "missing".
We'll see.
I'll stay open to whatever comes.Ignored
DislikedInteresting setup forming on the aud. Last week was an I4B on the weekly. On the daily we have a pinbar(in traffic) forming on support, after a break of the trendlineIgnored
DislikedHi Mike,
I have two questions for you :
1. Are you anticipating a further rise out of the pair? I am sitting with a stop order on the sell side and just wondering what is your take on this.
2. I have been watching your charts with envy for a long time, what chart service do you use that gives you such array of drawing tools to add to the charts? Mine is so limited and cumbersome. Is this one of the free charts or do you pay for this one? I am curious.
Regards, DanIgnored
DislikedOK, I am calling this a PB on daily GBP/USD, not a big one, but I have seen often that size is not always the big thing... My other ( Rob Booker ) indicators ( yes I know no one wants to know about that heere )are showing time for short on gbp/usd... not sure when, but very soon.... maybe tied to how long eur/usd will stay up close to all time highs or testing higher.Ignored
DislikedHey Dan,
The trend right now would still be considered down(in the short-term), but the longer term trend is up. So a position I would take would be a long term position. So ideally I would like to see a break above 8320, for entry then a further move to 8400. Then I would want to see 8400 turn into support for a further move to the upside and when you say that the longer term will be an up trend are you basing it on continued Dollar weekness ? I see on the weekly a formation of a possible I4B which can go either way . Good talking with you. Dan
Take care,
MikeIgnored
DislikedHello Mike, your help and comments are always being appreciated
About your entry of 8320 shouldn't PA clear the PB of 8/27 which is also an R1 Weekly before you go long?Ignored
DislikedMike
I don't know what I did wrong but part of my typing got into your replay ????
DanIgnored
DislikedYeah you could wait till a break of that pin also, but for me a break above todays pin and a break of the weekly I4B would be enough
It might not even make it up thereIgnored