DislikedDon't know anything about fundies, or why today not yesterday. But it's massively over bought and looks due for itIgnored
Cheers Mike,
Much appreciated. The power of trendlines is just amazing.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedDon't know anything about fundies, or why today not yesterday. But it's massively over bought and looks due for itIgnored
DislikedHi guys,
This is the trade I like today...
We´ve got..
+Rejection from the 1.75 area BRN, possible retest after the breakout
+Divergence, making lower highs and higher highs on RSI
+61.8 Fib from last swing and 38.2 from 1.80 swing
+We´ve got the 150ema above
+Nice big PB
+Space for a down move
My 1st FTA will be around 1.7360 although due to the size of PB and confluences I think we can get lower.
- 15 pips spread on my broker
- Very strong bullish move before it.
Comments are welcomed.
Os.Ignored
DislikedHi Ghous,
Was this an IPB on AUDCAD?
I have re-read the link that you had shared... but still find it a little difficult to understand / identify IPBs.
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DislikedI swear I just noticed and posted up this chart before coming here - Gold shorts looking good any time soon?Ignored
DislikedAfter looking at your chart....I noticed on my 3 different feeds price closed at .5493 FXpro .5512 FXCM .5576 MBT
Another reason to wait for more PAIgnored
Dislikedthanks for posting. i was waiting for this breakout since weeks. i refused to enter because of negative market today.
with a possible negative s&p today, i would wait for retest. let's check the daily volume of the breakout later...Ignored
DislikedThanks Jaroo, I have been practicing this art over the hols.
Here is a quick video of a similar area I found on AUD/JPY which looks to be current. I will delete the video once you have seen it.
EDIT: That BUEOB also has TL confluence.
which I forgot....Doh...
http://www.youtube.com/watch?v=lE0HV8VT33Y
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Dislikedi like to shoot myself.
disney closed at dayhigh on good volume. i am sure that this will not come back to retest the 38 usd.Ignored
Dislikedi like to shoot myself.
disney closed at dayhigh on good volume. i am sure that this will not come back to retest the 38 usd.Ignored
DislikedIf we can get a strong close above the 1.5650 . .I like its chances.Ignored
DislikedYour right Bill . . .many feeds showed the 1.5500 to still act as Resistance . .which it did nicely. PA confirmation is good reason to wait.
I think its safe to say that 1.5500 can now be a potential Support level. (still a bit early).
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DislikedThis is what i was watching...also it would be a better trade imo if it was the FTB to here....don't like the Divergence and 8h Pb for the long...
just my opinion ..it may still break ...let's see...Ignored
Dislikedi like to shoot myself.
disney closed at dayhigh on good volume. i am sure that this will not come back to retest the 38 usd.Ignored
Dislikedhey os!!!
That break out happen to be at a triangle area.. You know what that means ... Usually if triangle happens to be neer highs , it may mean in elliot wave count wave 4 and that is just before 5 so break out might be wave 5 ...So treat it with caution please.
Just my opinion .And waiting for a retrace sounds good to me ...
cheers VIgnored