Someone else cached this baby on eurjpy?
Look how deeply it tested that consolidation box and closed as a beob
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Look how deeply it tested that consolidation box and closed as a beob
.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedSorry for the newbie question but what are PPZ lines?
The Thread is so big i donīt know were to start :-DIgnored
DislikedHi everyone,
glad knowing there is such a good community here. hmm.. having difficulties to understand the terms like FTA,PA etc though.. tried to search it in the attachments but failed. anyone can shed some light? thanks!Ignored
DislikedHi everyone,
glad knowing there is such a good community here. hmm.. having difficulties to understand the terms like FTA,PA etc though.. tried to search it in the attachments but failed. anyone can shed some light? thanks!Ignored
Dislikedhi ace,
i am following audcad chart. it bumped into prev resistence and going down. we need a bearish PA to enter short. todays daily candle is looking very bearish. do you wait for the bar to close before entry ? if we wait then we may have a very big bearish candle and might have run put of gas. how do you handle the entry ? thanks a lotIgnored
DislikedMike , what do you mean stronger close ?
should the formation of the pin at the end of the bar, leaving a little to no wic at the top ?
or/and
Should the close of the bar be above the open ? making it green pin instead of red pin ?
On FXDD, the pin was formed almost at the end of the bar but the the close was NOT above the open.Ignored
Dislikedi believe ongoing full recovery.
Many thanks,Sir.
i think, with 'stronger close', he meant he wanted the close above the open (plus bigger nose)Ignored
DislikedHi Mike,
Scenario you have mentioned looks like will work out much better. I did not wait for retracement and entered at the break of the pin bar ( thinking that is more conservative entry than retracement ) and now I see there is an inverted pin.
May be not very good inverted pin ( compared to bullish weekly pin ) but still a rejection of the higher price. How do you generally play these? Especially when there are 2 pins following each other ( with different biases)? I guess bullish pin bar is way more stronger than the inverted pin so I am still...Ignored
DislikedI used to plot all the Monthly & weekly PZ on Saturday but, I am starting to think this is not so good. I am experimenting with finding PA, then plotting the PPZ, FTA, SL and target areas after the fact.
Look at jarroo and mike's charts, I think they may not have all these lines all over the place.Ignored
DislikedFor those interested in stocks and are very comfortable with the MT4 trading platform, I just found the GCI Financial Demo http://www.gcitrading.com/cfd-software.htm
They list literally hundreds of US and European Stocks as well as commodities including Treasuries
They even have Lehman Brothers???
I just noticed there was a nice BEOB right before the stock went to zero
JonnyIgnored