Hello everyone, I have a quick question as I read through the thread and go through the learning process. If you had a downtrend that is in a retracement, and in that retracement you see a buovb immediately followed by two dbhlc, what would you do? Is there a trade to be made here? Thanks.
james16 Chart Thread
- #111,222
- May 3, 2012 10:30am May 3, 2012 10:30am
Or finally a breakdown into the free land with green grass
With a nice barrier 1.3000 to protect our sell 
Ok, maybe both
With a nice barrier 1.3000 to protect our sell Ok, maybe both
- #111,227
- May 3, 2012 12:30pm May 3, 2012 12:30pm
Trouble is this pin is going right into the 80.00BRN and 50% fib from the most recent low/high. It may break through but that's a big round number to get past. Just my 2 cents
PB on the weekly, nose off a PPZ. Might not be a long nose, but the open/close so far is in the top 1/3. Maybe something for next week once the weekly bar closes for a better view.
- #111,231
- May 3, 2012 1:14pm May 3, 2012 1:14pm
Hey guys, talking about possible shorts on UJ? I see it going long. But someone's always gotta take the other side of the trade right? (in my case it would be my broker haha)
PB on the weekly, nose off a PPZ. Might not be a long nose, but the open/close so far is in the top 1/3. Maybe something for next week once the weekly bar closes for a better view.
I think a little drop now is in order please market. QM/HS pattern unfolding. please. please..... oh well, i'm safe whatever it does.
EDIT - not ruling out longs at all..... the pin is a valid call m8, lets wait and see
- #111,236
- May 3, 2012 1:58pm May 3, 2012 1:58pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
And Also , What are your reviews about this Pinbar that is being formed , Supposing it will close bullish and being formed nicely .>? It is at storng PPZ , it has a daily 365 Ema as a support and it also have Rn 1.02500 .
Look at the HUGE bearish bars previous too it. THis bar is super super super tiny. Do we want to fight upstream against such a strong current with such a tiny bar? I sure wouldn't want to be the one buying into that selling pressure.
Don't forget the pitbull pinbars post
http://www.forexfactory.com/showthre...40#post2913840
Best
Mike
- #111,238
- May 3, 2012 2:00pm May 3, 2012 2:00pm
The week isn't over yet m8. Hold tight. I have shorts in this pair
I think a little drop now is in order please market. QM/HS pattern unfolding. please. please..... oh well, i'm safe whatever it does.
EDIT - not ruling out longs at all..... the pin is a valid call m8, lets wait and see
I see the bearish daily H&S pattern. Price is right at the neckline!
What it all comes down to maybe is BRN 80.00!!
Edit: Yes.. I should sit tight and play the waiting game lol. To build my patience!
Now here is a good example i want to show , you can see there is a PPZ @ around 80.50 - 80.60 zone.
Edit: You were talking about shorts and why the daily PB formed off of it.. I'm saying what could happen If bulls decide to push price up there again