Price Action Trading Method.

[adityasaraf007]

What is Pin Closing?
(Post #93)

Thanks..

Round numbers are psychological levels and when PA closes below these levels , you can be sure that it will act as resistance and it did.

The pin closed below the 1.3 mark and this acts as resistance and price went down..

I think Murthy ji wanted to know more about Pin Bars..... Have a look at this thread... Provides a good basic overview about it....

However, I don't look for much technicalities as mentioned in that thread.... I look for basic Doji/Hammer with good volumes having a long tail.... And this pattern gives a very good probable move.....

Good night!!

 

[murthyavr]

I think Murthy ji wanted to know more about Pin Bars..... Have a look at this thread... Provides a good basic overview about it....

However, I don't look for much technicalities as mentioned in that thread.... I look for basic Doji/Hammer with good volumes having a long tail.... And this pattern gives a very good probable move.....

Good night!!

Thanks Aditya for the link. I will go through it..

@TraderDude: Thanks for the rough idea provided by you..

 

[pundit]

Deleted...........................................................

 

[pundit]

PIB bar at support also BB breached.


Nice 35 pips move on 1 Hour chart.

 

[shrigsm]

pls suggest me what next in this chart of mcx natural gas

 

[TraderDude]

pls suggest me what next in this chart of mcx natural gas

It is at an all time low. I do not see any demand levels.

Do not trade this at the moment.

 

[shrigsm]

demand levels ? min fundamental ?
no T/A ?
closed at previous low @ 112.30

 

[pundit]

demand levels ? min fundamental ?
no T/A ?
closed at previous low @ 112.30

I see it as support if breaks may face new low.

 

[TraderDude]

It's been a while since i posted.But today's post is very special.

If you miss this, you are missing something big.

I won't be explaining the whole thing. I will be leaving it to the really interested people to figure out this post.

Good luck.

 

[rkgoyal_98]

It's been a while since i posted.But today's post is very special.

If you miss this, you are missing something big.

I won't be explaining the whole thing. I will be leaving it to the really interested people to figure out this post.

Good luck.

Thanks
will look forward to ur posts
Regards