Dislikedwhat about this quadruple high break ? also on my fxpro server the gchf 4hr not showing pinbar..Ignored
This is a GREAT example of a multiple bar high breakout. Very well spotted.
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedwhat about this quadruple high break ? also on my fxpro server the gchf 4hr not showing pinbar..Ignored
Dislikedthere's a pin bar, 61% fibo, and also double low.. is that a valid double low ?Ignored
DislikedHello,
I am now reading Martin Pring's Trading Psychology book. It's really good. Which ones of his are worth reading as well?
Thank youIgnored
DislikedHello,
I see CADCHF is mentioned above, but I'll add some more screens, and short analysis.
On the screens we can find:
- great daily PB
- MACD goes down
- downtrend
- strong PPZ (round number)
There is a possibility to enter earlier, because of 8hr PB which appeared on 4hr chart.
I'm still on demo, but I entered it short.
SL 10 pips above daily PB.
Any comments appreciatedIgnored
Dislikedwhat about this quadruple high break ? also on my fxpro server the gchf 4hr not showing pinbar..Ignored
DislikedHi Publius
Looking PA on lower time frames for an early entry is a good way to reduce your stop and increase your position size but from your charts it looks like you have not waited for the break of the PA, in this case your 8H pin bar.
I think many here will tell you that it is the safest to wait for the break of the signal.
I am looking at the daily for this setup so I would have a sell stop below the low of the daily pin bar.
If I have misuderstood your entry then let me know.
LeonIgnored
DislikedPin bar, sitting right on prior support and 0.9000. I personally didn't trade it because it's size, the immidiate resistance area and traffic.Ignored
DislikedAlso curious if anyone has a buy stop order on this bullish outside bar?Ignored
DislikedAlso curious if anyone has a buy stop order on this bullish outside bar?Ignored
DislikedI was considering this setup, but there are a few bar lows and a ppz right above around the 1.73 area. If this had a little more space above I would probably take it.
I'd like to see what others have to say on this one.
ScottIgnored
DislikedI'm with you....I don't like the resistance stacked on top of this one...Ignored
DislikedHi guys,
Why you guys do not consider the EURCAD pin bar, it has less resistence on top compare to GBPCAD.
PippingMIgnored
DislikedHello Mike,
Yes, I mean the Friday Pin on EURCAD.
It seems has more potential than GBPCAD.
PippingMIgnored
DislikedMy response to someone about the eur/cad was that I didn't like this bar for a few reasons....Ignored