james16 Chart Thread
Now I' confused Ghous
I thought I had my PPZ in the right place here, right in the way of that bar.
I know the BEOB is massive, and has great potential, but are those unbroken lows and highs to the left not still obstacles?
Hey there,
I always round off my PPZs to nearby RNs and take it from there simply because they are important and are very often the 'median' price line of a wider zone.
So you could look at this whole thing as a BEOB which closed strongly at the price pivot zone.
Either ways we're looking at a BEOB with a strong close and a hard break would like the icing on the cake.
g.
Hey there,
I always round off my PPZs to nearby RNs and take it from there simply because they are important and are very often the 'median' price line of a wider zone.
So you could look at this whole thing as a BEOB which closed strongly at the price pivot zone.
Either ways we're looking at a BEOB with a strong close and a hard break would be like the icing on the cake.
g.
Hey Ghous,
1.3650 is also a 50% fib retracement of last swing low. This looks like a strong support and more important level then 1.3700 so atleast i would wait for price to get there and then decide to play the break or wait for a retrace entry. The topish pattern looks interesting btw.
but in this case I was happy to expand their criteria
Hey Ghous,
1.3650 is also a 50% fib retracement of last swing low. This looks like a strong support and more important level then 1.3700 so atleast i would wait for price to get there and then decide to play the break or wait for a retrace entry. The topish pattern looks interesting btw.
My broker found the 1.37 to be crucial to his profits. He switched off for 10 minutes!
He often does this (coincidentally, I'm sure) for breakouts.
Has anyone else seen much of this with their broker?
I've had Oanda close connection altogether for as long as 30min, usually after major news announcements.
No one mentioned EURGBP Daily.
I believe it has a potential. Strong bar, good close, room to move.
You have come far Pin, I try to be as least cryptic as possible but there is still a learning curve to go through. You can always see it better on the other end.
Best
Mike
maybe this is helpful for somebody (adilius et al. i guess):
i finally found screener for the weekly timeframes. go to prorealtime.com and register there. you will gain access to free eod and weekly data. launch the complete workstation and you will find a screener for bullish and bearish (inverted) hammers, resp. hanging man and engulfings.
of course, it doesn't value space, location etc.
therefore it is hardly useful for me....
