james16 Chart Thread

Quoting swetrader

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Hello! First of all thank you for a awesome thread. I'm trying to learn to swing trade because I have a full time job. This is a chart of GBPUSD daily timeframe. Would you consider this as a interesting formation? I would be interested in selling this pair if the price breaks support. If it bounces I will wait and see how the price responds to the trendline. Any answers is good answers for me. {image}

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Quoting mbqb11

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{quote} Hey Swe Welcome to the thread One of the biggest concepts we use here is called a PPZ. Not sure if you are familiar yet and if you need more info let me know! This one is trading directly into the PPZ flip. So this is where it gets tricky we have both the BRN and the flip(in white) We really want to trade away from those zones and not into them We can see the 2 week pinbar on the weekly retracing to the left eye which is the same example of this flip just visually different Let me know if that helps and again welcome Mike {image}

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Quoting swetrader

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{quote} Thank you. I'm not familiar with a PPZ and BRN. Please give me some information.

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Quoting mbqb11

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{quote} Here ya go Swe This is a good starting place on PPZs. It's just the flip between support and resistance but it tells us a great deal of who has control or locations where buyers/sellers will come in http://www.forexfactory.com/showpost...ostcount=14084 BRN simply is what i call Big Round numbers which are the larger round numbers in the market. I deem them as every 500 pips as they play a larger fundamental/technical/psychological area. When it lines up with s/r it can be very strong Best of luck Mike

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Quoting swetrader

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{quote} Thank you. I'm not familiar with a PPZ and BRN. Please give me some information.

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Quoting Bill618

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{quote} Whilst Mike is sleeping, i will answer your questions A PPZ is a "Price Pivot Zone." It is an area where price often pivots or reverses. Sometimes price moves confidently through these areas and then makes its way back to them as price shifts from support to resistance (or vice versa). Below is the GBP/USD you were looking at but in a smaller timeframe which highlights the price pivoting area (grey box), which is the area Mike was referring to. You can see at different times how price has pivoted/reversed here OR changed from support...

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Quoting swetrader

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{quote} Thank you Bill! First time I heard about what you call BRN but it seems as a good thing to learn. Same thing with PPZ. Oh damn Canberra Raiders.. Going to sue them Where are you from Bill? EDIT: Are you still posting trade ideas in this thread? Would love to learn more from you guys.

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Quoting Bill618

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{quote} PPZ's especially! But BRN's as well. They will serve you well. All good swe, glad i could help. I am from Queensland, Australia People still do post trades on this thread but it has slowed down lately. This is a great place to learn, has done wonders for me. It's 6.45am here right now so when i have some time later today i will likely be able to post something. Cheers, Bill

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Quoting swetrader

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{quote} That would be great if you could do that. It's 22.20pm here in Sweden so I'm going to bed soon!

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Quoting Erebus

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Inside Bar Daily {image}

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Quoting Bill618

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{quote} So here is one i am following veeeery closely swetrader. Sorry that the chart is busy but i have left most of my analysis on there for your benefit. Disclaimer: this is my opinion only and is no guarantee of success! EUR/USD, D1 BUOB (bullish outside bar). The BUOB engulfs 3 previous bars (like that alot) and is coming off a PPZ (the grey boxes as they are PPZ's). The 23, 38, 50 and 61 Fib. retracements line up nicely with previous bar highs and lows so it is impossible to know which one it will get to before reversing north but i'm confident...

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Quoting swetrader

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{quote} Thank you very much. Now I get what PPZ is and how it can be traded (a little bit). So the BRN is the horizontal lines that you have drawn? Are you still posting trade ideas in this thread? Would love to learn more from you guys.

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Quoting Bill618

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Hope y'all got the USD/CAD and EUR/USD trades from above and are rolling in the pips! Zeroing in now on the EUR/USD TP. Here's another that looks promising (USD again). AUD/USD H4 BUOB, closed (well) above a PPZ and BRN of 0.7600. Got some of the retrace so that's ok. See how she goes... {image}

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Quoting mbqb11

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{quote} BRN is that dotted dashed line correct I do apologize not posting more in this thread i've been just absolutely beyond busy with the PF. The markets have been tough IMO but here are a few that are trying to break things open for me Closed out this trade on usdnok today was a H&S pattern {image} Also short the usd/huf as a BEOB pullback to major PPZ {image} {image} And long the sgd/jpy this is a trickier play which I call a pinbar pullback play to a PPZ {image} Hope that helps and i'll be stopping in whenever i can i promise!

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Quoting peyta

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{quote} I would be careful, because we have major PPZ od Daily and MA-365, I would wait with being long till D1 TF. {image}

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