GBP/NZD
messy sideways market ...this one broke the TL with a H4 BEOB, before we saw a pin and a doji
messy sideways market ...this one broke the TL with a H4 BEOB, before we saw a pin and a doji
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedGBP/AUD
i`ve missed this one...the BEOB engulfed three candles, nice shape, good for 70 Pips
AttachmentIgnored
DislikedThere's some big Aussie and Euro news over the next 12 hours so we'll see what this pair does.Ignored
DislikedUSING PIVOT POINT
Is this how we should use pivot points?
(we take as an example-its tuesday today)
1. note the high, low and close of monday.
2.to calculatre PP=(high+low+close)/3
R1=(2*pp)-low
S1=(2*pp)-high
R2=PP+(high+Low)
S2=PP-(high-low)
R3=High+2(PP-low)
S3=Low-2(high-pp)
3.put a horizontal line on all these levels and wait for Price action on these levels.
4. next day again note high,low and close of TUESDAY??
and...Ignored
Dislikedgood stuff C-12
but i am not sure about your trading style. Do you combine the supply/demand stuff with j16 material?Ignored
Dislikedgood stuff C-12
but i am not sure about your trading style. Do you combine the supply/demand stuff with j16 material?Ignored
DislikedHi Suraj,
Don't know if you're aware of that, but there are two different things:
1. mathematically calculated pivots:
this is what you're talking about.
If you come back to the early posts of this thread, calculated pivots have been used as area to monitor PA nearby.
Habbeeb used to post an indy that does the calculation for you, here it comes.
2. Price pivot zones, aka PPZ:
these are not calculated zones, and these are ZONES, not exact prices (well, beside Jarroo's "to the pip" (c) used on PTBCA/B).
They are area were price...Ignored
DislikedHi Suraj,
Don't know if you're aware of that, but there are two different things:
1. mathematically calculated pivots:
this is what you're talking about.
If you come back to the early posts of this thread, calculated pivots have been used as area to monitor PA nearby.
Habbeeb used to post an indy that does the calculation for you, here it comes.
2. Price pivot zones, aka PPZ:
these are not calculated zones, and these are ZONES, not exact prices (well, beside Jarroo's "to the pip" (c) used on PTBCA/B).
They are area were price...Ignored
Dislikedthanks for the detaild explaination and the indicator too!
well so you mean i shoulf be focusing on PivotPoint Zones? and wait for price action to happen! well PPZ is the one which all these traders use ovr here on thred or it is mathimatical one?
thanks!Ignored
DislikedMaybe I wasn't very clear:
PPZ = price pivot zone, support <-> resistance transition, identified "by eye"
Price Pivot = mathematical calculation, exact price that changes every day (see the indicator).
PPZ are widely used in this thread. J16, and his followers, considers PPZ as area to monitor, because price is likely to change its behavior nearby PPZ. The idea is to wait for price to reach PPZ, and then wait for PA signal to develop nearby the PPZ to open a position in the direction shown by PA.
Example: price approaches from above (down...Ignored
DislikedYes I do. I combine support resistance, bar and chart patterns with S&D. I mostly scalp M1 & M5 since I have a psychological problem holding onto trades and premature evacuation.
I am trying to develop more into swing trading off the higher time frames.Ignored