On IBFX, price is currently above the low of this bar so, that is why I can not see the open of this bar acting as resistance.
I must be driving you nuts with this.........
I must be driving you nuts with this.........
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI think we are talking about two different bars here.
I am talking about the bar with the black arrow.
While I think you are talking about this bar with the red arrow?
In which case, I can not see PBT&CA or B.Ignored
DislikedIts the same level . . what's 20 pips amoungst friends on the weekly . .Ignored
DislikedSO basically this is just the same as PBT&CA but using the close of the next bar.
Now I have driven you half insane, I will put in the other areas of interest.
Thanks JarrooIgnored
I just did this , will appreciate if you look at it . Thanks .
Cheers
V
DislikedThat's enough for one night . . I think I'm the one driving you insane. .lol.
Are watching the Aud/Cad . .let's see what happens this week.
Later,
JimIgnored
DislikedYes, it is like a H&S pattern.
I think I have previously seen this pattern referred to as the wizards castle or something equally weird like that.
Something like this daily PB would be nice.
Thanks Jim...You need a beer!Ignored
DislikedHey Everyone,
I am pretty new here and I was just wondering what all these abbreviations stand for: PBTCB, CBT, LCS.
Many thanks
nealeIgnored
DislikedIf you click on the J16 terminology link in my signature, you will get to see all the terminology and a couple of charts explaining PBT&CB.
And, welcome to the thread Neale.Ignored
DislikedI got a big loss on this pair cad/jpy. Maybe some one can help me with the rationale?
The only logic of failure that I see could be: the PB was on Friday close, then on Monday it generally is not a good time to trade.Ignored
DislikedNo problem, we are all here to help each other, when we can.
If you need anything else just ask, neale.Ignored
DislikedYeah me too. For me it was A++.
You can really find some logic why it failed, and find a lot of reasons why.
But I would not recommend that, because next time you will not take a setup like that. If you objectively investigate the thread you will see that many people, including long timers take even weaker setups, this one has a lot of confluence to it and just perfect.... Of course this is just my opinion... so in my opinion it just failed. They fail, and often... unfortunately...
http://www.forexfactory.com/attachme...1&d=1299651304...Ignored
DislikedI got a big loss on this pair cad/jpy. Maybe some one can help me with the rationale?
The only logic of failure that I see could be: the PB was on Friday close, then on Monday it generally is not a good time to trade.Ignored
Dislikedif a pinbar doesnt break with momentum, specially into a price zone with immediate traffic (which is shown exactly in your chart/trade --u traded into a minor PPZ), that should give u a warning...Ignored