Bouncing Balls Pivot Theorem and Retrace Play

[Tavnaz]

Eur/Aud

Hello Raghav,
Looks like your Pin bar is a part of rejection pattern of a bigger 4 hr pinbar.
And when you look at 15 minute chart you will see you entered in double bottom.
So by playing a pin-bar, in the formation you were actually getting scammed by big boys.
I'd play the 4 hr pin bar at the 1.4210, and place my stop loss at 1.4199.
That is a 11 pip stop loss,towards the top, 1.4235 is a 50 fib retracement and the 1.4270 is the 38.2 fib retracement.
Look at the charts below.
first target 1.4235 and then break-even at 1.4210 and then i take half position off table and then next target 1.4270, i close full position.
15 minute chart:

1 Hour Chart with your pin:

4 hr Chart with your Pin:

Regards
Taz

 

[Raghavacc]

Re: Eur/Aud

Hello Raghav,
Looks like your Pin bar is a part of rejection pattern of a bigger 4 hr pinbar.
And when you look at 15 minute chart you will see you entered in double bottom.
So by playing a pin-bar, in the formation you were actually getting scammed by big boys.
I'd play the 4 hr pin bar at the 1.4210, and place my stop loss at 1.4199.
That is a 11 pip stop loss,towards the top, 1.4235 is a 50 fib retracement and the 1.4270 is the 38.2 fib retracement.
Look at the charts below.
first target 1.4235 and then break-even at 1.4210 and then i take half position off table and then next target 1.4270, i close full position.
15 minute chart:

1 Hour Chart with your pin:

4 hr Chart with your Pin:

Regards
Taz

Hey Taz,

Thats great!! perhaps you are the first one that I have heard who plays 4 hour chart with 11 Pips S/L. great:clapping:

I got your point as well. You wait for the break of the neck of double bottom which will result in a pin bar in a 4 hour chart.

Correct me if I am wrong.. The S/L part. once it reaches 4210 you think there will be cascading effect and it wont return to 4199 ( Point of no return).

 

[Tavnaz]

The S/L part. once it reaches 4210 you think there will be cascading effect and it wont return to 4199 ( Point of no return).

Only one thing comes into my mind after reading this.

Bingo​

 

[laluji]

Every Golden word you have written here started making sense this morning.

After returning to traderji after a long long time, I glimpsed through your Beautiful thread ' BOUNCING BALLS ',

When I hastily went through it the first time, I could not make out much of your Prize Action rules, even though I am a chartist, slowly and gradually I understood that Fundamental analysis i.e price action is way way above TA. Hats off to you.

It all started this morning. After a while I started jogging today once again. Obviously I got tired within a lap and thus I decided to sit on a bench and watch Gori Gori European girls jog.

I can't understand why (hope somebody explains me, I am sure Gigostradamus will have some Occult interpretation) but the moment I saw those European girls jogging and approaching me, I was reminded of your thread only.....
BOUNCING BALLS... BOUNCING BALLS... and once they crossed me... your another important PA event to look out for came to my mind:

Tweezer BOTTOMS, or is it Geezer BOTTOMS

And I have decided since this morning... no more charts, no more Technical analysis rubbish... only PA and that too.

BOUNCING BALLS & TWEEZER BOTTOMS

Your thread has given a paradigm shift to me as a trader.

And all will agree, if you want to Analyze Fundamentally, it's got to be BOUNCING BALLS AND BOUNCING BOTTOMS

Only one thing comes into my mind after reading this.

Bingo​

 

[Tavnaz]

Every Golden word you have written here started making sense this morning.

After returning to traderji after a long long time, I glimpsed through your Beautiful thread ' BOUNCING BALLS ',

When I hastily went through it the first time, I could not make out much of your Prize Action rules, even though I am a chartist, slowly and gradually I understood that Fundamental analysis i.e price action is way way above TA. Hats off to you.

It all started this morning. After a while I started jogging today once again. Obviously I got tired within a lap and thus I decided to sit on a bench and watch Gori Gori European girls jog.

I can't understand why (hope somebody explains me, I am sure Gigostradamus will have some Occult interpretation) but the moment I saw those European girls jogging and approaching me, I was reminded of your thread only.....
BOUNCING BALLS... BOUNCING BALLS... and once they crossed me... your another important PA event to look out for came to my mind:

Tweezer BOTTOMS, or is it Geezer BOTTOMS

And I have decided since this morning... no more charts, no more Technical analysis rubbish... only PA and that too.

BOUNCING BALLS & TWEEZER BOTTOMS

Your thread has given a paradigm shift to me as a trader.

And all will agree, if you want to Analyze Fundamentally, it's got to be BOUNCING BALLS AND BOUNCING BOTTOMS

There you go Laluji Tweezer bottoms with great Confluence.
:rofl::lol::rofl:

Regards
Taz

 

[Tavnaz]

Hello Guys,
Just giving you the heads up this thread is not inactive will post some trades here soon.
Regards
Taz

 

[Tavnaz]

Setups

Hello guys,
Here are some of the setups i saw recently.
Including the Pinbar which formed on the recent 4 hr chart.
Enjoy the Charts.
Some levels are of great confluence.
Regards
Taz

 

[TRADER24]

GREAT CHARTS,:clap:
PLEASE EXPLAIN THAT HOW THESE SETUPS DIDN'T WORK ?GOT STOPPED OUT .WERE THE PIVOT ZONES RIGHT.
THANK YOU!!!

 

[Raghavacc]

Hey Taz,

Just trying to understand what causes this type of madness. It's deffinately not due to the news.From y'days big fall it retraced almost 100% and then moving down slowly after the bearish Harami cross which I did trade and stopped out for 26 pips ( Luckily!!! ) .It neither seems to be a breakout upside.

 

[Tavnaz]

Your Answers,Brothers.
There you go people.
Raghav your answer is the break below TL was a cause of the fall,the test of the same TL is the reason of the rise.
The Rise was a culmination of TL Test and S/R lines and Pin Confirmation.
Now the pin is below RN but it was good trade because of test of TL and S/R.

Warm Regards
Taz