DislikedI thought earlier in the week we were watching this weekly. It might have been Pinbar who sighted it ...I forgot...well anyways...here's the results!
BUOB worked nicely.
Thx J16Ignored
I believe . . .
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI thought earlier in the week we were watching this weekly. It might have been Pinbar who sighted it ...I forgot...well anyways...here's the results!
BUOB worked nicely.
Thx J16Ignored
DislikedI addition to the last post would the following be a 3 day pin bar and is it a valid J16 PA setup?
AttachmentIgnored
Dislikedyes, there is a downtrend with high swing, even I do not like congestion to 14800
I'm short by 14,812 and now BE
TP1 14760
edit: token SLIgnored
Dislikedyour a great friend and an important part of this thread supreme.
thank you sir,Ignored
DislikedHey Supreme,
When I get rich tradin I'll come buy you a drink and you can introduce me to a few.
The problem could be....I'm quite picky. LOLIgnored
DislikedHi,
Just my 2 cents.....
NJ monthly shows a BEOB with 50% fib retracement and the next month candle is retracing the BEOB monthly candle which could soon resume the down trend
Only Weekly, there is strong support from lower wicks near lower rectangle and good resistance around 65
On H4, we see traingle patter consolidating the upmove, it seems it is poised for upbreakout!
Looking at all three, I would look for shorts near 65 with nice PA
Kind Regards
WinstonIgnored
DislikedHi Vasco.
Personally I always favor high time frame trend and ppz, if the price has just bounced from the bearish trend line on monthly and especially if the TL was confluenced with other factors I wan't be looking for buy opportunities If I don't see something more important than the zone from witch the price has just bounced. Everything comes to recognizing important zones, in the USD/CHF case we discussed above, important zone IMO was the zone from witch the price is moving down, the power is with bears and to stop that power is much more quality...Ignored
DislikedHi,
I found GU to be waiting for potential setup.
On Daily we see
1) Price near trendline resistance
2) Price at daily PPZ
3) Fib retracement
what seems intresting is confluence at fib 61.8 and BRN 1.5000
Now, if PA develops around 61.8% and 1.5000, will be very nice short
wish long pins develops!
Also see monthly for target of 1.4300 as there are rejection zones around those areas and support
Kind Regards
WinstonIgnored
DislikedI've been watching this pair consolidate for a while and it's finally broken down pretty hard. Looks like the 1.1000 zone has a couple of prime locations for some PA.
We have fib confluence from 2 previous swing lows in 2 areas. First is 50/38 also in confluence with the 150 weekly ema around RN 1.1100. The second, and most interesting to me is the 62/50 that looks to be to the pip at 1.0900. I'll be watching this one closely next week hoping to catch a bounce.
Additional note is that zoomed out on weekly there is almost no need to draw the...Ignored
DislikedI thought earlier in the week we were watching this weekly. It might have been Pinbar who sighted it ...I forgot...well anyways...here's the results!
BUOB worked nicely.
Thx J16Ignored
DislikedIn terms of shear bars themselves, forgetting location and just bars.
MikeIgnored
DislikedWould love to see it work out but it looks like a tough call. Lot's of traffic and whippy volatile moves,
Will be watching it for sure...though that's only what this IPB will get from me.
Location is sound of course but in terms of price action and preceding bars maybe the IPB could have been longer to indicate more strength.
g.Ignored
DislikedThanks g.
I may take a small postion. Also that bar High, 4 bars previous, is bugging me. Should be fun to watch.Ignored
DislikedSome outstanding confluence on the setup...location wise truly rocks!
(blue EMA is the 150)
g.Ignored
DislikedThat's why I posted it g. I knew you would like that location. Who wouldn't.Ignored