DBLHC INVARIABLY is the same as a formation that is both tweezer bottom and bullish/bearish engulfing bar and according to steve nison, they are powerful.
thanks for your explanation
thanks for your explanation
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHi Mike,
I think I need examples for the DBHLC. And how the DBHLC and BUOB affect the PA?
Thanks!
Edit:
No need for that, since you already post the chart. Thanks a lot!Ignored
DislikedYou will find more answers to your questions as you read the thread from the beginning. Which you are doing, right arcus?Ignored
DislikedHey Joe,
I am not really liking the look of USD/jpy. Yes we are due for a bounce, but that bar just isn't good enough for me. On my feed it is close to a DBLHC but not quite. We are coming into a lot of resistance and a strong trendline. I would rather wait to see us break the trendline form some kind of support and then play a bounce from there.
Just my thoughts though as always
MikeIgnored
DislikedAm I correct in assuming the break of the pinbar is above 1.0855 in USD/CHF?Ignored
DislikedI was out of my long CHF/JPY trade @ 83.33 this morning. It was a nice ride, curious to see what it does from this point. Anyone else still in this?Ignored
DislikedWhat do you guys think about PB on UCAD daily. The nose is rather short I think and it formed somewhere at the PPZ, and there also kinda strong resistance IMHO. I'm new to this kind of PA analysis, so please excuse me.Ignored
DislikedHey
No idea why it still says North Finance, it simply never changed name even though my feed is FXpro. I am on XP.
...
MikeIgnored
DislikedYes! This should be nice Pin to play on EU Daily
With 61.2ret. and PPZ, location is good IMO... Any comments?
ALM
AttachmentIgnored
DislikedHere is another view on the USD/CAD pair.
Yes, we have had a triple tops forming here around 1.30 area. I am sure someone has placed some stops a little higher there and we might see some short covering if the price can go that high.
If we link the bottom of this formation, we have a wedge/triangle here.
Previous 2 bars are forming TBH according to James16's teaching and they are sitting on the rising uptrend line.
We may get few pips if the TBH is broken. The real goodies comes if the 1.30 top is broken, or the rising trend line is broken...Ignored
DislikedKen! the TBH(can also be BUOVB) break is also a PPZ level
Good for atleast some quick pips
ALM
Edit: It just broke! have funIgnored
DislikedIm in the USDCHF and EUR/USD also triggered. I guess my question to anyone is, does it makes sense to be in both CU and EU since they are very much correlated? Is that too much risk? What are the pros and cons?Ignored