DislikedI am surprised you haven't mentioned the CL PB ...looks like it's got it goin' on....sorry no time to post a chartIgnored
Nicely formed though.
Bundy's status today: "Waiting..."
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI am surprised you haven't mentioned the CL PB ...looks like it's got it goin' on....sorry no time to post a chartIgnored
DislikedI am surprised you haven't mentioned the CL PB ...looks like it's got it goin' on....sorry no time to post a chartIgnored
DislikedI am surprised you haven't mentioned the CL PB ...looks like it's got it goin' on....sorry no time to post a chartIgnored
DislikedAre we taking oil here?
I am looking at Brent crude and WTI.
Both have formed nice pin bars - with WTI the best of the two.
All the major indices have formed a pin today - bombed out for most of the London session and then recovered to create bullish pin bars.
I imagine oil is shadowing this.
I went to look at oilish fundamentals - the oily people are not looking for a turn in price at the moment - so it is a watch and wait process.Ignored
DislikedPrice is shooting down so fast on that. If price retraces to a good level and prints bearish PA, I will go in... no way I will trade against that momentum.Ignored
DislikedDoes anyone use level 2 quotes with forex here?
Does it help to see when there is order imbalance?
Anyone with experience with this?
Thx in advanceIgnored
DislikedI like the N/U Daily Pin Bar the most of all the ones closing (so far) today.
+ Off a PPZ
+ Big Bar
+ Long Nose
+ Swing Low
+ Space
5 mile view and 5 foot view below...
-- DannyIgnored
DislikedI could be completely off here, but in my experience when we have pins like these just above very big round numbers, but not actually touching them, more often than not the pin may break for a few pips long--but then it usually shoots back down to the VBRN to truly test it.
For example the NZDUSD, the low is around .6550, I wouldn't be surprised to see price drawn down below .6500 to test the orders near there....Ignored
DislikedI could be completely off here, but in my experience when we have pins like these just above very big round numbers, but not actually touching them, more often than not the pin may break for a few pips long--but then it usually shoots back down to the VBRN to truly test it.
For example the NZDUSD, the low is around .6550, I wouldn't be surprised to see price drawn down below .6500 to test the orders near there....Ignored
DislikedI could be completely off here, but in my experience when we have pins like these just above very big round numbers, but not actually touching them...Ignored
DislikedI could be completely off here, but in my experience when we have pins like these just above very big round numbers, but not actually touching them, more often than not the pin may break for a few pips long--but then it usually shoots back down to the VBRN to truly test it.
For example the NZDUSD, the low is around .6550, I wouldn't be surprised to see price drawn down below .6500 to test the orders near there....Ignored
DislikedThis is the weekly on AUD/USD.
Notice the trend line where price bounces off - notice how price has probed the line but price has been rejected.Ignored
DislikedDoes anyone use level 2 quotes with forex here?
Does it help to see when there is order imbalance?
Anyone with experience with this?Ignored
DislikedThis is my 2nd Trade with J16 rules. Went Long on NZD/USD after the H4 PB which was at swing low. Somehow I was not feeling very confident of the Trade after I entered it cause the PB did not have real long nose, so I closed my full position at TP1.
Comments / opinions from experts solicited.
Cheers
Novice 198
PS I broke my rules by taking a H4 TF pin bar as I was not supposed to trade below Daily TF. I think as long as I do not trade below H4 TF it can still be considered trading on higher TF.Ignored
DislikedThis is my 2nd Trade with J16 rules. Went Long on NZD/USD after the H4 PB which was at swing low. Somehow I was not feeling very confident of the Trade after I entered it cause the PB did not have real long nose, so I closed my full position at TP1.Ignored
DislikedIt's all about location, location and uhm location. I would have no problem placing a buy stop order if the low was at .6510 or so as the support is a zone. 50 pips away is too far away though. Good analysis.
ScottIgnored