Good pin
Non traffic
good size
wit the trend
1hr PPZ
50% fib ret
Swing Hi
Non traffic
good size
wit the trend
1hr PPZ
50% fib ret
Swing Hi
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedGood pin
Non traffic
good size
wit the trend
1hr PPZ
50% fib ret
Swing HiIgnored
DislikedHi Naijafx
Watching this one too. Was hoping the left and right eyes would have the same highs but it's broken up higher now. May be safer to short below 13000 round number.Ignored
DislikedIt does look nice with the bounce of hourly S/R, but there's not enough room to run for me to like it. The bar is with the trend, but I'm not sure that it's technically a pin (it's really close so it probably depends on the feed whether the bar closed within the previous bar or not). Also, although I'm still learning to place PPZ, I think we're sitting right on a PPZ (Oct 2007 & Dec 2007 S/R - sorry I can't post a weekly chart) and also very near the 62 ret from the Nov/Dec 2008 move down. Could go either way from here for me, so I'm watching from...Ignored
DislikedIt does look nice with the bounce of hourly S/R, but there's not enough room to run for me to like it. The bar is with the trend, but I'm not sure that it's technically a pin (it's really close so it probably depends on the feed whether the bar closed within the previous bar or not). Also, although I'm still learning to place PPZ, I think we're sitting right on a PPZ (Oct 2007 & Dec 2007 S/R - sorry I can't post a weekly chart) and also very near the 62 ret from the Nov/Dec 2008 move down. Could go either way from here for me, so I'm watching from...Ignored
DislikedThere is an IB forming on the 4 hour charts so may be better to see how that closes. This will also be above that PPZ.Ignored
DislikedDoesn't look like the Aussie (aud/usd) to me. Your screenshot has Aud/Chf at the top; aussie/swiss maybe? Am I missing something because the prices don't match up.Ignored
Dislikedhaha - yes to an extent.
RBS after being bailed out once now looks like it will have to except more help and a restructure that puts it 70% into the hands of the taxpayer.
Lloyds TSB group which took over HBOS recently is trying to resist further help, but chances are they will have to.
Barclays may also have to ask for help now even though they arranged their own deal with the Saudi's and Chinese the last time.
Basically our economy is f#cked thanks to Mr Brown. Despite supposedly being the labour(left wing) party he has managed to sell just...Ignored
DislikedCould someone be so kind as to tell me if tradestation uses GMT as a close of their daily candles?
I am thinking about moving to that trading platform.
ThanksIgnored
DislikedI know some platforms don't show the PB on the Gbp/Usd, but Fx Pro/InterBank does.
Some confirmations of breaks need to be meet before I trigger: Break of the 1.4000 (RD) and Pum line at 1.4050 line (2000/2001 Lows)
Maybe we'll get a PB like in June 2001.
JimIgnored
DislikedI'm feeling a little frisky. I'm going to take a small position off the left eye (Hourly PB, if it breaks).
This is risky because we haven't had a break of the Daily PB.Ignored
DislikedOK, so i blew 2 PBs last night because they were not PBs. Got saved by you guys on the thread telling me so.
Here is another. PB or Not. I have place a pending trade.Ignored
DislikedYes it's a PB. Like to Price get above the PPZ of 6.9250.
Oh wait looking there, it just did.Ignored
DislikedWhats a little more concerning is that the Daily PB opened and closed below the 1.40 PPZ
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