Bouncing Balls Pivot Theorem and Retrace Play

[Tavnaz]

Pin Bars.

Hi Guys,
Now i present here another Candlestick pattern the Pinnochio bars or the Pin bars.
They are long nose bars forming at the tops or bottoms in the market.
And they always lead to timely reversal.
Now as per the starting conditions:
1. Forming around pivot Zones.
2. Forming at Swing high or Swing Low.
3. Long Nose.
What's in the pin bar is most amazing because in them the one party gets squeezed out for a loss.
Buyers try to push price upwards,but are squeezed altogether and try to exit the market.
Play the Pin bars at the break they give huge profits.

Now here i am deliberately not mentioning all 15 Conditions for Pinbars,3 i have mentioned others will only be revealed as the discussion moves on forward.

See you later guys,
Taz

 

[Tavnaz]

Eur/Gbp chart and analysis.
Guys i did the analysis on eur/gbp currency pair using TA, from my system.
And as a demonstration i've attached the chart of the pattern traded.
I'm expecting the price to cross above,.8350 and the get rejected from .8400 then we can take another price action setup there with first target set at .8300.
As the Price is starting to enter into a channel so i don't expect test below 0.8300 but for now i'm bullish till 0.8400.
Or we can just see a fall to .8300 back again after some consolidation below 0.8350.(after the breakout trade below 0.8350)

Guy's why don't you post your charts here,we can discuss them over.
I appreciate a lot of thanks at the previous post's.
But the healthy discussion's will be worth my time here.
Regards
Taz

 

[Tavnaz]

Eur/Gbp

Hey There Guys,
I fixed a chart with analogy.
Kindly have a look.

At present most probable circumstance of rejection is at 0.8375 or whereabouts.

 

[Raghavacc]

Re: Eur/Gbp

Hey There Guys,
I fixed a chart with analogy.
Kindly have a look.

At present most probable circumstance of rejection is at 0.8375 or whereabouts.

Hi Tanvaz,

Can we consider the one I have marked with arrow as "Bullish Engulfing"?

Regards
Raghav

 

[Tavnaz]

Buob on Hourly chart

Yes Raghav that is a bullish engulfing.
And yes you can expect the same result on an hourly chart as i expect on 4 hourly and daily chart.
But you did not mark any pivot zones.
Without these zones you will not know that the Engulfing will fail or run.
What i mean to say if i have a bullish engulfing in daily chart and i am trading a bearish engulfing on a 30 minute no on will be a big sucker then me out there.

1. If the bullish engulfing bumps or ends into a Pivot Zone it will fail.
2. Always check Multiple time frames

 

[Tavnaz]

Eur/Gbp rejection.

Hello there Guys,
As expected the Eur/Gbp pair got rejected at .8375 if this continues we might form a Pinbar on Daily Chart.
On the way below 0.8350 is Support so i expect any patterns on 4h chart or 1h chart of eur/gbp to fail until it gets back below 0.8350.
I will update later on other currency pair as opportunities arise.
See You later Guys.

 

[Tavnaz]

Usd/sek

USD/SEK Chart
Here is the chart for USD/SEK i expect the chart to behave as such.
Once the Resistance turned Support 7.1400 Level gets breached the price will test this level and form a Pin bar then there could be a good entry to go short down to the blue zone.
Or we could see some consolidation below Green Resistance then a Bearish Engulfing bars and a short till the Blue Zone
See the Chart:

Post your Opinions,anything will be appreciated.

 

[Tavnaz]

USD/SEK follow up.

Hey There Guys,
Looks like the 1:30 PM Indian time bar on the USD/SEK was a Bullish Engulfing bar.
And the Green Region was validated as support and the price bounced and is heading upwards for the Blue strong Resistance.
My Mistake guys i uploaded the right chart but forgot it was bullish engulfing not bearish.
Look what's the Scenario :

It was a 650 Pip Run at 1.3 $/Pip
See you soon.
Taz

 

[Tavnaz]

Gbp/usd

GBP/USD long term TA:
Well Cable looks consolidated below 1.5500 Level and is a very strong level to crack.
But if possibly we could crack it or go below the 1.5300 Level then there is a level playing field down below.
But the possible break looks towards the top because there is the trendline and the price tested it and validated it.
So I'm long the cable if it gets above 1.5500 Level,rather then short.
Check out the chart:

Later Homies
Taz

 

[Tavnaz]

BoJ intervention,Cable Move.

Hello Guys,
There was a BOJ intervention earlier this day.
But if the traders again push the price below,i expect the same to happen within the coming week's or so.
So be safe,because the rumor is BOJ has target set at 90-93 atleast by mid next year.
I could be wrong though.
Let us see.
And hey my Cable Forecast looks set on line the price formed a Pin on 4h chart and is headed upwards,but the 365 is lurking near 1.5600.
Any longs based on yesterdays bullish Outside bars must be exited before .5600.
Be safe.
Regards
Taz