WHy don't you have fibs drawn from the highs of August and July??
I believe . . .
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedJim, i have a question,
WHy don't you have fibs drawn from the highs of August and July??Ignored
DislikedJim, i have a question,
WHy don't you have fibs drawn from the highs of August and July??Ignored
DislikedCause we're playing that weekly PB short now with potential target being 38fib. Fibs reflect retrace Oct 27 low - Nov 26 highIgnored
DislikedJim, i have a question,
WHy don't you have fibs drawn from the highs of August and July??Ignored
Dislikedyou mean to check for optimal pullbacks into the trend? here are two and both show good pullbacks.Ignored
DislikedThe PB at 50% retrace, at 4 hour PPZ level, above 121.00 Round number. Anything else?
We'll have to wait for the break on the PB. Looks good.Ignored
DislikedHello friends! I need help getting rid of this 'MML_LatestCalcBar' Arrow distracting my monitoring of latest bar. I can see you guys don't have the arrow in your last bars. Thanks
AttachmentIgnored
DislikedHello,
I see a pin Bar with IB's on either side of it. The Red MA is 365 day, White is 150, and Blue is 100. I have a S/R line at 1.1755.
How do we analyse this setup? Assuming Hypothetically that the bar for the current month stayed similar to the way it is now.Ignored
DislikedHi LahVahGoose,
The present pin doesn't seem to be as prominent as the earlier one, looking at the last few weekly bars one can look upon it as a pin in traffic and not really one of those which really appeal, however if you do wish to take it i advice you to know the strength of the 1.25 price level, shorting the pin bar has to be below this level if at all it is necessary to be traded,
Regards,
Ghous.Ignored
DislikedAh, I see what you mean about the 1.25 price level. So basically, we have hit a pretty strong demand area and we would need to see a real solid break, which goes back to May 2005 or so. If it did break the 1.25 hard, would the next demand area / level be 1.17 area?Ignored
DislikedSituation here where their is clear ppz however it is somewhat of a choppy mess trend wise and there is the distinct possibility of meeting resistance as soon as the pin breaks. Good enough for 1% on my demo as i need the experience. However entry will be 1.5825... just above resistance? TP 1.60.Ignored
DislikedWaiting for the break saves the day again. (I thought I'd give an upate.)Ignored
Dislikedyou're targeting the right area for the next major support, but i would not term it as just a single price level. I feel it's more the support on and around the 1.2 round number, 1.17 being the lower limit of the range.Ignored
Dislikednot sure if this counts as a BUOB...
but could be IB4
off S/R and 78.6fib and previous trendline
maybe looking to go long above 12678
but then there is another PPZ area around 12700
the more i think about it, the less inclined i am to take this... but will post it anyway in case other have a view on itIgnored