I get what you are saying Bundy. So, in effect we are looking for a good probability swing high or low & confirming it with PA and possibly former PPZ breaking then holding as resistance at a swing high SHORT PA setup? Rather like this trade Nasir ...

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Thanks Bundy, I am glad somebody understood what I meant by removing the other bars. LoL So, basically, we need a run of bars showing strength then failure to break a RN, rather than the one in red which looks like an exhaustion bar? Funny though, ...

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Spinning my wheels again eh. Hmmmm

james16 Chart Thread

Question for Mike concerning that chart. When these bars are in play, we do not have the comfort of seeing them at a top or a bottom because the next candle does not exist. I mean, if we look at these candles without the next bars, what makes them ...

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Right....Doh! I am probably now looking too hard at the candles and ignoring price.

james16 Chart Thread

Jarroo I have a question if you are not too busy. Normally when we draw PPZ we are using the absolute highs and lows of the candles. I am wondering after moving to the current NZD/USD Monthly candle and drawing PPZ, if the open and close of these ...

james16 Chart Thread

Ok, here we are on the same Monthly candle on H4. As price is currently at this area, I may skip the rest of those monthly candles and do this in real time on the NZD/USD. It will probably offer me a better understanding doing it in real time, or it ...

james16 Chart Thread

I can see on the daily that there is PA forming around the support & resistance areas inside the Monthly bar #1 range, albeit CT. Not anything outstanding here yet.

james16 Chart Thread

Hopefully, Jarroo Please don't hesitate to nudge me if I am going off at a tangent or am too far down the wrong road. Same goes for Mike.

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Yeah, I hear you Mike. But, and please don't take this the wrong way, these are really conclusions, I need to grasp the questions right now. It is Dirt Simple, yet it is Cosmically difficult at the same time. It is like watching an artist put a few ...

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Yes, Jarrooooooo I missed it or perhaps I left it out. I will miss bars when trading also, it is a part of the experiment. And Jarroo, Without you letting make those mistakes on that NZD/USD Weekly PB, none of this would have started in my head. You ...

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Mike Thanks for your great analysis, it is indeed wonderful to read your post and see the total enthusiasm you have for it. I know some of the better bars were not chosen, that is because I don't want to curve fit while I am trying to get my brain ...

james16 Chart Thread

Jarroo & indeed anyone else. Obviously, I am lacking something basic and racking my brain out to try and find it. This rant, is probably going to be long so, I will post it in pieces as I work out what it is I am missing, as I work it out or don’t ...

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Wow, Fibos were one of the first things I learned. This place is free and is a great source of information, I have suplied the link to the fibo specific question you asked. There are even videos of how to draw fibos correctly on page 2 I believe. ...

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Hmmm, now this gets very confusing. I originally was of the opinion that that PB was at a Swing Low and not an A+ setup. TD did a good job of convincing me it was an A+ setup. His logic seemed to outweigh my knowledge and I decided it may be an A+ ...

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Thanks for the detailed explanation TD. Yeah, you could be right but not the H1 the H4. I keep forgetting you guys are trading the Weekly PA. So much to learn. Over analysis. LoL Hope you get a real runner here.

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Correct me if I am wrong, but that is not the setup that was being discussed. The BEOB looks much better to me as it came off the 50 fibo and already broke the FTA of that pin bar setup that was 24 hours ago.

james16 Chart Thread

Well, I don't see any setups yet, so I was commenting only on the area. Looking at H4 we may have a possible IB forming but I doubt such a bar on H4 is going to break that monthly PPZ at 0.6560

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We have a clear area for a possible break short and also a well defined FTA.

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Oh, Sorry Jarroo. I naturally assumed I had to find some more complicated reason. Still, maybe I was in the same ball park, sort of, with the Monthly Bearish candle being so big. In future if you ask me about a weekly candle, I will confine my ...

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