I am sure there will be very soon after you posted that. LoL

james16 Chart Thread

Don't you mean Bullish Engulfing Outside Bar?

james16 Chart Thread

Yes, it was a typo...I would like to see it close below 1.4800 possibly around 1.4765.

james16 Chart Thread

yes, I like the Ghous bar better, when I first read Inverted pin Bar, I was like, Huuuu. I mean, a PB can be either up or down so I could not work out how they can possibly be inverted.

james16 Chart Thread

How did you manage to take that trade Last night? Isn't the market closed on Sunday evening?

james16 Chart Thread

GBP/USD looks like we may have a possibly setup forming. Previous Monthly Bearish bar at 50 fibo retracement. Weekly PPZ, trendline and stalled at 1.4935 Daily PB forming at swing high, 50 & 38.2 fibo confluence. I would like to see this PB close ...

james16 Chart Thread

I don't think that is the breakout of the Cup & Handle pattern, the breakout is always in the opposite direction that we pour the beer in. So this is a bearish Cup & Handle.

james16 Chart Thread

Sure, here your go. This is a reverse one it seems. What Does Cup and Handle Mean? A pattern on bar charts resembling a cup with a handle. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the ...

james16 Chart Thread

Thanks Bug, very interesting. I am not really into these type of things though, just patterns and PA. All of this should show up in the PA anyway.

james16 Chart Thread

EJ weekly has got the weird cup and handle look to it. I remember reading about these patters a long time ago, and if my memory serves me correctly they are indicative of a large move.

james16 Chart Thread

Stalled at the area mentioned. I think the MACD div was the hint here.

james16 Chart Thread

Oh, I see. LoL Yes, we are both talking about the same thing then.

james16 Chart Thread

Yeah, but it is not a DBHLC it is a DBLHC, even so, I think we want to see this at a swing low. Also, there is a ranging area that seems to be effect. EDIT: There also appears to be a monthly PPZ at 0.8725

james16 Chart Thread

This area strikes me as a possibility to stall.

james16 Chart Thread

Right on the nose. Just trying to build my confidence with this little exercise but on larger TF.

james16 Chart Thread

Very solid stuff. Once the brain learns to see these things, I imagine we can even stop using PPZ, if we use this principle on higher TF like weekly & daily. I mean, targeting the highs and lows of significant bars. Working on it. EDIT: Like this ...

james16 Chart Thread

Thanks Jarroo, those Monday bars are crafty.

james16 Chart Thread

Yes, I saw that, and that is why I am asking. You said, "The open is the close of the previous bar". The PB open on your candle chart does appear to be within the high of the previous bar. However my chart showing the bar chart shows the open of the ...

james16 Chart Thread

Jarroo on my FXDD feed the open of that PB in the uptrend is actually outside the high of the previous bar. If the open of a PB is outside the High of the previous bar, I presume this invalidates the bar as a PB?

james16 Chart Thread

I can see how that is probably the main quality which saves people from blowing their accounts. And also at the same time, what a difficult thing that is too achieve with a good balance on things. I mean, I end up passing on setups, then I end up ...

james16 Chart Thread