chart
james16,
awesome PB chart w/ subsequent explanation Sir. price "kissed" the target & immediately stepped back.
james16 Chart Thread
- #22,001
- Feb 19, 2009 10:08pm Feb 19, 2009 10:08pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
james16,
awesome PB chart w/ subsequent explanation Sir. price "kissed" the target & immediately stepped back.
- #22,003
- Feb 19, 2009 10:30pm Feb 19, 2009 10:30pm
hi all just trade this nu ob last night before i go to sleep. look like it's ob break ppz trade. My entry at the break of ob, already take first lot at bottom ppz/support (green line 5064), this trade not 1:1 r:r though and know 2nd lot is be will tp at 5010 before round number.
any opinion/comment about this trade and about my 2nd tp is that good?
Just my 2 cent below:it's at swing high, typical suppor break and retrace trade, also as u said, ppz break OB trade. I think done great to TP first one at the ppz support and I agree with 5010 as next target too. if break then we heading to the low 4960.
Correct me if im wrong please
- #22,004
- Feb 20, 2009 12:20am Feb 20, 2009 12:20am
Hi
I am at pg 184 of this thread. I have downloaded the price actions setup pdf. But i had encountered some price actions setup which is not illustrated in the pdf, like TBH and eight hours pin or two days pin. Can someone explain more in details what do all the terms mean. It is better if it comes with a chart explanation. Thanks in advance.
I am at pg 184 of this thread. I have downloaded the price actions setup pdf. But i had encountered some price actions setup which is not illustrated in the pdf, like TBH and eight hours pin or two days pin. Can someone explain more in details what do all the terms mean. It is better if it comes with a chart explanation. Thanks in advance.
- #22,005
- Feb 20, 2009 12:28am Feb 20, 2009 12:28am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Hi
I am at pg 184 of this thread. I have downloaded the price actions setup pdf. But i had encountered some price actions setup which is not illustrated in the pdf, like TBH and eight hours pin or two days pin. Can someone explain more in details what do all the terms mean. It is better if it comes with a chart explanation. Thanks in advance.
Those pdfs were put together by fellow followers, nothing "official"
On my chart I have an example of a 2bar pin, 2 day pin. If you take the open from the first bar, and the close from the second, and picture it as one bar. Combined they make a 2 day pin.
The other example with the two arrows over it is a TBH or a two bar high. This is where you have matching highs. This can be considered a stall in the move until broken when it is then seen as a continuation(ie a breakout of the matching highs).
Hope that helps
Mike
- #22,007
- Feb 20, 2009 1:23am Feb 20, 2009 1:23am
Hey Ray
Those pdfs were put together by fellow followers, nothing "official"
On my chart I have an example of a 2bar pin, 2 day pin. If you take the open from the first bar, and the close from the second, and picture it as one bar. Combined they make a 2 day pin.
The other example with the two arrows over it is a TBH or a two bar high. This is where you have matching highs. This can be considered a stall in the move until broken when it is then seen as a continuation(ie a breakout of the matching highs).
Hope that helps
Mike
- #22,008
- Feb 20, 2009 2:59am Feb 20, 2009 2:59am
- | Joined Mar 2008 | Status: shoe shine boy | 1,146 Posts
Hi everyone,
I looked at the GBPUSD 4 hr pin formed just now. But I do not feel this is a A class trade as it is not at a swing low like what simoncs said. In addition is the location wise good enough, I saw it close above the previous resistance and above 00 level? I also feel the pinbar do not have good space. Pls comment on my observation on the space and location.
I looked at the GBPUSD 4 hr pin formed just now. But I do not feel this is a A class trade as it is not at a swing low like what simoncs said. In addition is the location wise good enough, I saw it close above the previous resistance and above 00 level? I also feel the pinbar do not have good space. Pls comment on my observation on the space and location.
- #22,015
- Feb 20, 2009 5:00am Feb 20, 2009 5:00am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
First group of live trades in 12 days
I believe . . .
- #22,016
- Feb 20, 2009 5:08am Feb 20, 2009 5:08am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Hi everyone,
I looked at the GBPUSD 4 hr pin formed just now. But I do not feel this is a A class trade as it is not at a swing low like what simoncs said. In addition is the location wise good enough, I saw it close above the previous resistance and above 00 level? I also feel the pinbar do not have good space. Pls comment on my observation on the space and location.
It's a BUOB right off the 50 fib on my chart, 1.44 looks a possibility
Regards,
Ghous.
I believe . . .
- #22,017
- Feb 20, 2009 5:11am Feb 20, 2009 5:11am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
There is some traffic up above but this is also a nice swing low.
Any input is appreciated!
Given that these kinds of situations are rare it's natural to find it difficult to wait for them. As good traders it's one of the biggest and a major battle that has to be won
Regards,
Ghous.
I believe . . .
