Mike and SC,
thanks for the answers! Focusing on weekly/daily sounds a bit calmer - I'll enjoy it while I can
thanks for the answers! Focusing on weekly/daily sounds a bit calmer - I'll enjoy it while I can
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedif i may, since i think it's sleep time for Mike...
yes, u got the purpose right...
learning about patience, discipline... learning to be picky.
depending on your circumstance & trading personality, try & stick with focusing on weekly/daily first. if u have extra time, try testing looking at H4 & H1 in the future. see what suits you.
edit: oops, i guess Mike didnt sleep. hahah
hello pipphunter,
thanks.
that's a tricky question.
since price is always moving, we have to follow price & adjusts our expectations/'forecasts' along the...Ignored
Dislikeddid u trade all these 4?
let me end by saying u DO NOT have to trade all these charts.
if they dont fit your style, your criteria.. move on to other charts/setups that do.Ignored
QuoteDislikedusdchf Daily
- price is in a serious downtrend. personally, i almost always consider the trend.
- i will plot the same purple line as u did. if u are concerned with this purple line, like i told u in my previous...
QuoteDislikedeurchf Daily
- from late 2007, Daily to weekly is in a downtrend. so bearish.
-this pin is small BUT with trend. so im inclined to take this & give it more room/chance to progress.
- i'll be aware of that range box (in white) too
- i have placed white lines that assume price AFTER the pin HAS NOT formed yet. these lines are the PPZs, targets/potential trouble/traffic areas.
QuoteDisliked- currently, on Daily chart, price seems to wanna revisit Oct2010 highs. if 1.3200 turns into strong support.. my bias is for a potential uptrend towards 1.38 - 1.45 [there's a double top on Daily - see Dec2010/Jan2011 lows & Mar2011 lows]]
QuoteDislikedgbpcad Daily: Feb-July2010
[to understand what i mean, see/compare the price in the yellow ellipses; see/compare the protruding lows/wicks (yellow rectangles) of both charts]
DislikedYes, if it could close as a BEOB...would be interesting but it is against trend....
Any comment?
MónikaIgnored
DislikedYup,
UJ is touching a support right now. Next S is 84.0 and the tough one is at 83.0 - confluence with 50% retracement (if we don't take into consideration the megaspike down), but it's faaaar away atm .
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We touched the long term trend line and S/R as well.
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jardaIgnored
DislikedHi all . Comments welcome. Just Practicing few lines on Hourly.
Patience is the KEY!!!
Knowledge is your ammo,
PA is your trigger )
Cheers
VIgnored
DislikedThanks Jarroo
I assumed you were using only the weekly HCR and that is why I was confused. I get it now.Ignored