Here is the same DBHLC and now I show you why this bar is one worth trading. A pin bar starts this down move also. Then the DBHLC comes back to the 50% FIB line. You see how awesome this stuff is. You dont need any of that indicator bullshit ...

james16 Chart Thread

Lamdun, A Double High Lower Close, suggest a down move. The closer the tops are the better. As you increase time frames you can allow for a wider range. This is up to the trader. On this bar on the 4 hour there is a 1 pip difference. This is ...

james16 Chart Thread

hey lamdu, no this is not a DBHLC. A page back or so I posted some examples of DBLHC and DBHLC is just the opposite. let me go pull up a chart and find a few for you. Mike

james16 Chart Thread

ah that was nice to wake up too, i passed out on my computer! excellent post bundy, i keep going to write bunny instead not sure why i keep donig that lol Mike

james16 Chart Thread

yes short now

james16 Chart Thread

1.9670 area pretty heavy resistance if that breaks you can almost bet the daily pivot will be tested should be fun

james16 Chart Thread

geez bundy if anyone who is having trouble would just read your post paste it to the wall and act on it, they would be profitable very nice Mike

Fibonacci obscuring reality

ya that was the nzd news this evening, moved nicely merlin said this should have been marked red not orange on the homepage best, mike

james16 Chart Thread

very well said

Fibonacci obscuring reality

nice moves as we expected . Unless you tried to trade the news this morning where a lot of people got creamed. PA on these larger time frames kept you out of it. Thanks for the update on Gold Habeeb. Mike

james16 Chart Thread

Hey tom just went through a chart quick to show you some DBLHC etc(dint cover everything on it though). The higher the time frame the bigger the gap I will allow. So a 8-10 pt diff on a monthly may be acceptable to some, but on a daily that doesnt ...

james16 Chart Thread

tom, be careful here. Go back to the first few pages where James shows DBHLC, this is an inside bar as Ken stated. For a bar to qualify as a DBHLC, we want the highs to be the same(or as close as possible i prefer 1-3 pips and the close of the most ...

james16 Chart Thread

ideally :

james16 Chart Thread

good stuff habeeb! Too go along with the gbp here is the usd/chf looks like were getting a pin close at an important confluence area best, Mike

james16 Chart Thread

if you are referring to the nicknames of pairs Originally Posted by cici GBP/USD = Cable (from Trans-Atlantic cable between US & Britain) EUR/USD = Euro or Fiber USD/CHF = Swissy USD/CAD = Loonie (from bird on Canadian coin) AUD/USD = Ozzie EUR/JPY ...

Currency Names

ademac, this is not a pin bar in the proper location. We want pin bars at extreme highs and lows, with the nose protruding far away from the previous bars. That one u show would be a pin bar if it was all the way at the top of this trend. Here is a ...

james16 Chart Thread

yes inside bar is the last bar on that chart. It is when the high and low are within the high and low of the previous bar.

james16 Chart Thread

hey moneybags, this is actually one of the few daily setups im keeping my eye on this week. For right now this means were going short until this triple top is broken. I will be looking for a short play on the lower time frames, and if that doesnt ...

james16 Chart Thread

just some comments Ken, The DBHLC you show is not a true one. You want the close to be lower then the low of that previous bar. Also its important to note where this bars occur, that have the best shot. The first pin bar was the best bar in where it ...

james16 Chart Thread

here is the one bundy made http://www.forexfactory.com/forexforum/showthread.php?t=5538 thanks bundy, mike

indicators, etc...