How are you going to trade the Pin Bar on the Weekly EURUSD? -
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thread: How are you going to trade the Pin Bar on the Weekly EURUSD?

  1. #21
    Junior Member lgox1963's Avatar
    29
    USD seems to be gaining some power across the board, less or more. Swissie is coming up gradually and cable is also dropping.

    Frequently news does have an effect but generally it's transitory and after inducing a violent play, then everything goes back into business as usual. This has been taking a very long time to begin going back into how things were ahead of the news. It has been happening so very slowly that I have been wondering whether there was going to be followthrough.

  2. #22
    Steve Nison Price projects.

    Hourly:

  3. #23
    I'm unfamiliar with what you are using in this chart. Could you describe how to interpret it.
    Price projects are only that; jobs. When there is a comparatively big movement in price and then consolidates, when price breaks that consoildation in will generally proceed the length (blue and red bars) of their previous move. Its amazing how many times price travels that precise distance.

    jim

  4. #24
    1 Attachment(S ) ) Update

  5. #25
    Update

    Jim

  6. #26
    So last week's Weekly Pin Bar in today invalid, do we proceed long and follow the trend?

  7. #27
    Weekly

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