james16 Chart Thread

well better to trade with confidence then feel all "MUDDY"

I am keeping my eye on it witout a doubt

Mike

I have a confession...

I lied

Grabbing 20-pips from this support break down to the 365/ Fib conf..
It's too high a probability to miss.

hahaha oh bunny:

Don't you love it when it pauses right on your profit stop (1 pip)?

lol isn't that how its supposed to go I took out 20 on the usd/jpy just to mix up all the cross pair talk

And yet ...she want's to continue on!!

Not that I care. This yen move may have more legs on it than we expect. It's certainly a sharper correction than recent examples.

stuck on the daily weekly supports right now im long stop under s2 weekly

edit:
close +25

Quick question:

Does anyone ever blend the two most recent candles if it will form a good pin, dbhlc ect. It would be like trading on a 2 day bar. Or is that not as reliable?

Sincerely, Pipbird

hey Pipbird,

Great question, and for me personally I do this. If you think about it, we are given these timeframes to look at. Who says we cant have a 2 day chart, or a 3 hour chart. Some brokers offer these different options some don't. If you use metatrader you dont have this so you have to use the script to change it or just visually do it(which is easy enough after awhile). I do look for the best setups for this, I dont try to create soemthing that isn't there.

I can post a chart for some examples if anyone needs just let me know.

Just a not often when you combine two bars, the new bar could just be an IB or an outside bar depending. So its just another way to look at something. Sometimes not

oh and another thing, I will do this with a few bars, if it visually makes sense. For me it is an easier way to look for setups sometimes.

Take care,
Mike

I'd think that it should work because it's just a matter of time frame. I have a 3 hour time frame candle on OanadA which many dont have but a pin bar split in half (in regards to time frame) may look like a DBHLC... A weekly pin bar or a 2 day, I don't think there's any difference as far as reliability is concerned

Thanks mike, dbeach,
If its not any trouble it would be helpful to see an example of a blended candle that you have or might have traded.









thanks, pipbird

Here is a quick example, these two bars were on the 4 hour,

I am leary of posting examples with groups of more then 2 bars, because it can over complicate things for some. Just PM me if you want to see more on this. Or i guess i could post more here. I just don't want to confuse people, especially those new to the concept. Learn just what the chart shows you first. I think this is something you move to after you grasp the difference of good/bad PA bars

Mike

This was a more recent one I made. This was on the 1 hour(stick to the 4hour/daily/weekly charts). You could also just look at this is an inside bar, but i prefer to look at it like a pin bar(2 hour bar), and play the break(bottom of 2 hour pin) especially on the 1 hour timeframe. Gotta be careful on these small timeframes. The market was just ranging so much that I would jump down to smaller time frames to get entry points.

Mike

posted this over in the cable thread. Something to keep an eye on. We could have a pin forming off this heavy confluence area. 365 ema is the white

lots of 4 hr action showing upside potential here

yes bunny the eur/jpy also

im looking to the lower time frames for an entry on the gbp/jpy i think i may hold this position for awhile if i get a good entry. Its retraced now lets see if it comes back up after collecting a bunch of sellers

nothing yet meeting good resistance here tho if pound can break 1.9434 ill take a longon that

edit* Oh well no entries to make guess its time to get some rest before the NFP good luck all

Was just wondering whether you guys ever sleep...
Just went long fiber on the retrace of this DBLHC on the 1hr. First target is the Daily Pivot, second the Weekly Pivot.

Price broke back above the 1.9400 level quite strong. Waited for a pullback to this point to enter ... and got a 15min pin to go long. Looks like an inverted head-n-shoulders on the 15min chart. Since you guys are joining bars ... this would be an 8hr pin.