IPB ? — Is this bearish daily bar at swing high IPB ?

james16 Chart Thread

Looks like a good weekly PB on this pair supporting the downtrend. In fact, two consecutive weekly pins in opposite directions.. none of them closed above 1.62, indicating the power 1.62 PPZ. Overall weekly down trend is also supporting this short ...

Trading "The Constrictor"

In fact two consecutives PB's formed. Interesting point is both of them closed below 1.62 making 1.62 as a big PPZ.

james16 Chart Thread

Thank you for letting me know your view of consolidation. But when you say more concrete.. is it close to 20 bars or so ? I am just trying to get some quantitative aspect to start with.. though this alone may not drive the trade.

james16 Chart Thread

Mike, EURAUD is consolidating/boxing for the last 6 days (daily chart). Looks like today it broke out and crossing 1.4100-4130. So now in this case, you will wait here to retrace back to the same zone 1.4100/1.4130 and look for bullish PA bar, right ...

james16 Chart Thread

Thank you Mike for a quick response. But in the above 2nd and 3rd scenarios, how do you differrentiate between price stalling vs Boxing/consolidation ? Is price stalling not equal to price consolidation ?

james16 Chart Thread

Mike, On GBPUSD, about watching price action at 1.6, which is a great resistance as well as forming double top pattern, I have following questions. 1) One way of trading is look for a bearinh PA (BEOB or PB) and play with our J16 conventional ...

james16 Chart Thread

I would think this is a dicey trade since the close of the BEOB is not below the low of previous couple bars. It did react before it was going in the expected direction. Then the PPZ is very close by.. It could be a pass.

Trading "The Constrictor"

Good Job in recognizing the TP (weekly PPZ) and getting out of the trade. Otherwise,your trade have stopped out by this time. There was good reaction from 80.5 as expected from any PPZ. Let Ghous comment on this one.

Trading "The Constrictor"

Daily-buob-gbpchf-loss — It was a good BUOB. At swing low Off from the resistance Played BUOB normally, triggerring the trade 15 pips above BUOB. SL was not kept at the end of BUOB instead kept at the previous bar high/lows. BUOB is still ...

My Trading Journey

Update to post 47-EURGBP — Stopped out. The pair did move in the direction of expectation but had a beob before moving in my direction. BEOB stopped me out. Regardless, I should not have taken this trade without respecting the two bar highs at ...

My Trading Journey

Took a note of it. Thank you !! As you said, I don't have any ammo/consolidation to support the move at the swing high.. will wait and see the action from sidelines.

Trading "The Constrictor"

Thank you. Yes. it helps.

james16 Chart Thread

About I4B's, I see Dan mastered this art.. I don't know how to understand/interpret PA action on I4B's. (Edited) In case of EURGBP, I4B is formed above 8500 (BRN) but below the daily PPZ - 1.5300. So now how this will play out now ? any thoughts ?

james16 Chart Thread

I won't think, I would personaly trade with IB.. I have no experience with IB's.

Trading "The Constrictor"

Thank you Ghous. I got what you mean. I did notice that reversal but paying more attention to 8500. The price broke 8500 and then started retracing. Now 2 things could happen. 1. Price will respect 8500 and will acts as a support 2. Price does not ...

Trading "The Constrictor"

I was watching this pair for the last few days for this ET2. Strong BUOB on daily looks good. The close is great.. No wic at all. The immediate FTA is 1.3390-1.3400 (previous bar spike high). Generally BUOB's/BEOB's tend to retrace to previous ...

Trading "The Constrictor"

Eurjpy-h4-et2? — Has a big bull bar on Daily from 112.50 (PPZ). Supported by weekly bull bars from the last two weeks. 1)On h4, when the price direction is changed, A first cross through EMA's on 09/14. 2) Price retraced and another pin bar on ...

Trading "The Constrictor"

1. I don't think this can be considered as ET1. For ET1, the price has to spend some time in CZ. In this case, it did not. It may be considered as ET2 now, if the price moves back to south by establishing a good trigger bar.. (subject to the space ...

Trading "The Constrictor"

H4-eurgbp-et3 — Took ET3 trade today. IBFX chart, h4 bar is big and broke the consolidation zone of 4 candles. Closed above 8500. The close is not great since wic was left out.

My Trading Journey