Here is what could make Ej in a nice trade situation;
@ Mike: you watching this??
wondering if he is back from the trip yet...
@ Mike: you watching this??
wondering if he is back from the trip yet...
I believe . . .
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedi see a few problems with the Gu setup as well, again there is nothing wrong with the pin bar itself and looks in perfect shape, but if you look to trade this you're going countertrend, noweven if you want to believe that Pin bars do work as reversal signals which ofcaorse is true and that Gu maybe reversing (the divergence is agreeing too) which may also be true, trading this particular pin bar is not what i am looking to do.
the major reason being the hurdles that price will come across in quick successions if it wants to reverse.
1) the 1.72 ppz,
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2) the long term support trendline
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also take note of these 2 hurdles that the price will need to jump over and the short distance in which they occur...
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and finally condier the possibility of any or both of these hurdles proving too strong to be broken, what do we then get?? a great breakout-pullback trade, which i'll be anxiously looking for...
http://i81.photobucket.com/albums/j2.../gubosetup.gif
insipte of all this the pin bar may ofcaorse work out and best of luck to those who trade it, but aas far as i am concerned this is not the kind of trade i will look to go for given that it will have the added disadvantage of going against the trend.
Regards,
Ghous.Ignored
DislikedHere is what could make Ej in a nice trade situation;
@ Mike: you watching this??
wondering if he is back from the trip yet...Ignored
DislikedHey Ghous,
I am not overly convinced with any of the patterns yet on the 4hr. I will prob end up seeing how the week plays out and then see what patterns emerge. Most of the patterns just have a slight choppy look for me, and I found myself fitting things and not being overly excited, so when I get like that I know it's time to hang back.
I would like to see the eur/chf wind up some more and then I would be watching it.
Hope you all had a good weekend
MikeIgnored
Dislikedan it be said that we have a pin bar on he daily TF? If yes, How tradable is this oneIgnored
DislikedHey Ghous,
I am not overly convinced with any of the patterns yet on the 4hr. I will prob end up seeing how the week plays out and then see what patterns emerge. Most of the patterns just have a slight choppy look for me, and I found myself fitting things and not being overly excited, so when I get like that I know it's time to hang back.
I would like to see the eur/chf wind up some more and then I would be watching it.
Hope you all had a good weekend
MikeIgnored
DislikedWise words Mike, welcome back! I haven't seen much either and was hoping it wasn't just me. Just a few small intra day positions but nothing really on the daily/weekly.
Best Wishes,
JasonIgnored
Dislikedsmoother and have more room to run.
Eur/gbp is overall a small daily range choppy pair which usually means the areas of resistance will give some bounce....
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...As always just my views from a conservative trader
MikeIgnored
DislikedA pin bar on H4 TF for AUDNZD. Though in a consolidation zone and a support zone down the way. How tradable could this one be.Ignored
DislikedLike you guys have been saying, there hasn't been much in the way of PA this week. One trade I just got in though was break of weekly \"Two matching Highs\" on USD/CHF. Looking at target of 118.Ignored
DislikedLike you guys have been saying, there hasn't been much in the way of PA this week. One trade I just got in though was break of weekly \"Two matching Highs\" on USD/CHF. Looking at target of 118.Ignored
Dislikedhiya Betard,
Please be careful of the S/R at the 1.6000 area. That's a strong area IMHO and high odds for a bounce. Lines u with 618 from previous daily range. If your trade clears that like a knife threw hot butter....then you be laughing all the way to the bank
Best Wishes,
JasonIgnored
DislikedThe market IS slow when we are ALL on to it. lol
Was going to point out the weekly trendline too.Ignored
DislikedBEOB on the Daily Gbp/Usd is about to break. (Sunday candle ignored)Ignored