I guess - not really a good PB.. the head is not within the previous bar.. But off of the BRN.. at swing low.. But lot of traffic also.. I will watch to see how this setup plays out.. Thank you..

james16 Chart Thread

Except the one already pointed, I can't really make it any of ther differrences. However, one obvious differrence is first one price is closed below the previous open and 2nd one price is closed above the open. Can you please disclose other ...

james16 Chart Thread

Thank you.. when you say - "little PB setup" . are you referring to the head or the nose ? I believe nose since the head is within the previous bar.

james16 Chart Thread

Thank you.. Trying to follow and identify the patterns.

james16 Chart Thread

Long USDJPY ? — Quite a few pairs friday behaved in line with the pin bar strategy HOWEVER USDJPY retraced back to the H4 trendline PB Pros: Swing low ? Off BRN 93.00 No confluence or traffic on left Does this makes sense to take a long trade ...

james16 Chart Thread

Thank you for the link.. I did read that last time but didn't get that time. I was assuming both PB and IPB are one and same. Thank you for putting me in the right direction. The differrence between PB and IPB is the position of the head. IPB:Having ...

james16 Chart Thread

If this is a good IPB, what should be my conservattive entry points ?

james16 Chart Thread

This is my understanding on GBPCHF ? Does all this make it a good tradable IPB ?

james16 Chart Thread

Thank you mistersimple. I appreciate your effort. To be honest with you - I am very much confused with AU30 chart because of so many crows.. its just me.. I am a easily confused person. What I still understand what makes us to think BEAK has formed. ...

profitable Zigzag

Is this crow setup ? if yes, 1)When "beak" can be identified ? Is there a way to avoid false identification ? 2) When the potential area is idenfied how to enter a position ? Any confirmation strategy ? Andrew pitchforks ? how to use them ? 3) TP is ...

profitable Zigzag

Trying to catch up where I left off previously. Amazed to see new strategies (new for me) to this zigzag thread. I am sorry, I still didn't understand this fork concept here. what is/are the forklines in the chart and what are they trying to convey ...

profitable Zigzag

Same here. So far not retraces to 125.00 .. came all the way upto 125.10 then zoomed back on FXCM trade station. Waiting for the next opportunity..

james16 Chart Thread

I am sorry. what do you mean re-paints ?

james16 Chart Thread

It helps identify trends clearly.. You can find zigzag indicator for MT4 here - url

james16 Chart Thread

Thanks for the reply. Does 2 IPB's at a good location makes the case more stronger for a price movement in the direction of the bar instead of one pin bar ?

james16 Chart Thread

My 2 cents. Though I can't comment on the quality of the pin bar( leave it to Mike and other seniors), shorting here is against the daily trend. Based on my charts as long as the price holds above 1.060, long term uptrend is in place.

james16 Chart Thread

Does this mean, in line with EUR/AUD, GU is heading down ?

james16 Chart Thread

I agree with you.. But it might urn out that you may get lost on both the orders. I guess, this may be the problem in 15 min charts on volatile pairs.. they swing violently before picking a trend.. on top of it.. currently GBP seems undecided..

profitable Zigzag

I guess.. wait and until second set of horizontal lines forms..

profitable Zigzag

Thank you. Oh.. Yeah.. helps.. Provides another prospective to look at the pattern to determine the possible trade. Thank you for the explanation.

profitable Zigzag