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g_j_hook@yah replied Jan 14, 2011eu/us and eu/gb have both printed 4h pin bars by proxy, they must have wanted to post examples lol i like the eu/gb best but would love to hear any other views. will post a chart when my pc stops playing up
jonjames16 Chart Thread
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g_j_hook@yah replied Jan 14, 2011cheers Jarroo
...i just need to learn what a pin bar is now!!
loving your charts, they are like a filter to my over active brain when i get caught up in trying to nickle and dime the markets.( i love that phrase lol) jonjames16 Chart Thread
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g_j_hook@yah replied Jan 14, 2011This post confused the heck out of me last night!

lol..it was about 5am here though
but of course the close only needs to be within the eye of the previous candle. jonjames16 Chart Thread
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g_j_hook@yah replied Jan 14, 2011hey Kalbar, i dont need to answer this now as Jarroo has done so already, but if your wondering this is not a bar i would trade. it is a BEOB but a weak one imho. jon
james16 Chart Thread
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g_j_hook@yah replied Jan 14, 2011ahha, thanks Mike, my bad. (i had to look at my charts to answer that LOL) I have always considered the bars valid if the close is very close to the previous bars open/close but not if it is a bit far away. i stand corrected. Just how important do ...
james16 Chart Thread
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g_j_hook@yah replied Jan 14, 2011i see your point about the 9650 price but if you look at the box iv drawn covering the recent ranges the BEOB didnt close below that and is still moving within that range. imho it would be a much stronger signal if the BEOB closed below that ranges ...
james16 Chart Thread
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g_j_hook@yah replied Jan 13, 2011yeah, this is where we would look for PA confirmation of the break. i also think this was close enough to be a valid setup if all else is well. I couldn't say for sure but in my experience a retest as spot on as this is a good sign. in these ...
james16 Chart Thread
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g_j_hook@yah replied Jan 13, 2011hey MustardPlug, about time too!!
the main problem i see with this set up is the fact that it is running right into support (as you mentioned) at 95.50-96.00, then again at 95.00. We also have price ranging for the last few days and the bar comes ...james16 Chart Thread
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g_j_hook@yah replied Jan 13, 2011hi spookie, heres my chart. i have a BUOB but with a weak close and running right into a RN (64.00) it did retrace/reverse to the high of the range, to the pip, on my chart, which is a good reminder that these levels are a zone rather than a ...
james16 Chart Thread
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g_j_hook@yah replied Jan 13, 2011i dont think so. i think some of these bars have been termed pin bars by proxy if there are previous bar h/ls to use as a marker to measure against the o/c of the pin bar. A pin bar needs to close within the previous bars o/c to be a technically ...
james16 Chart Thread
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g_j_hook@yah replied Jan 13, 2011hi pkmurphys, i agree that this is a good level to look for a trade setup but strictly speaking this is not a pin bar, we need the close to be inside the previous bars open/close. Also as you mentioned we would want a bigger bar as comparatively it ...
james16 Chart Thread
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g_j_hook@yah replied Jan 13, 2011lol... dont knock the indis though,imho they have there uses. the thing about them is understanding there limitations and to use them as confluence rather than entry/exit signals. i jus watched one on breakout trading which was interesting jon
james16 Chart Thread
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g_j_hook@yah replied Jan 13, 2011i was emailed this link today, im sure many of us will find it usefull... url jon
james16 Chart Thread
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g_j_hook@yah replied Jan 12, 2011no problems on alpari uk with gaps either buddy, time to change your feed maybe?? jon
james16 Chart Thread
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g_j_hook@yah replied Jan 12, 2011[quote=supremeChaos;4307741] u know, u draw a descending wedge on the daily. check your post the other day. it was a confluence for a long, wasnt it
[/QUOT yeah, thats why i will be bullish if it breaks properly.Jus not seeing the momentum??it is ...james16 Chart Thread
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g_j_hook@yah replied Jan 12, 2011yeah, i have to agree. i wouldnt have thought it but i think any break above 1.57 could take us to 1.59... like you say lets watch n see...? jon
james16 Chart Thread
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g_j_hook@yah replied Jan 12, 2011
its interesting to see your TL slightly higher than mine?? the fact that the 4h BEOB closed below that was an important confluence for me. jonjames16 Chart Thread
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g_j_hook@yah replied Jan 12, 2011i know many here have used Forex Tester. i think it is called that. i have never used it myself but it got good reports here. jon
james16 Chart Thread