james16 Chart Thread
g_j_hook@yah and Greenhaze - thank you very much it was helpful. I'm afraid I know those thing and I entered the trade anyway... my mistake, but I'm on the rigth path!
hi everyone, just wanna say that this IS NOT a pinbar. i jus wanna say that to save confusion for any newbies here. in candle stick world it is a hanging man which is actually a bearish sign. or an IPB, in shape at least. The "nose" of a pin bar needs to be in the same direction as the trend.
just using your post Spookie as a spring board, nothing personal
As i said we dont want to confuse anybody
jon
Look closer. The candle at the peak is the PB, although rather small. The next is the IPB with the long wick south. And at the end you have and IB. Just thought the 3 in a row might signal a short.
ahha. my bad. I personally wouldnt label that bar a pin as it is so small and the close is quite near the middle of the bar. to me it is an indecision/slowing momentum bar. The IBs which follow also show the indecision or lack of interest. If anything i would view that as a breakout trade. Not something i would trade though. i also feel trading the break above that range would have been as valid as trading the break below.
jus my view.
jon
Hi spookie,hope you do not mind me joining in with a question(just trying to learn a little)
Looking at my fxpro chart the IB tail is resting on the 365 ma, so would you have taken the short trade at close of that bar or waited until the 365 ma had been breached ?
Regards
Grahame
. LOL.
