just my opinion.
A chart helps those who can read it.
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedhey Dan
Do you have a chart? Here is what I am watching still but we'll have to see the next big move. WE are basically in one big box right now. So my biggest areas to watch are the 1.35 and 1.3 BRN with the midpoint of the boxing going to be a PPZ which they often are
Hope that helps
MikeIgnored
Dislikedyou are more then welcome to look at my charts where i do it in real time all the time too for free in this thread. But that would just take time and effort. How else can I explain a situation if it already occurred lol
Plenty of other threads to troll
MikeIgnored
DislikedYeah Mike - come on, get your act together. I want next weeks price movements explained to me in detail BEFORE they happen please. And while you're at it i want the lottery numbers for the next few weeks.Ignored
DislikedFTA are super important equi and I think you really did a great job on them. But then combine that knowledge with better understanding of our entries and we are almost there.
Here are charts with notes on them. I hope it helpsIgnored
DislikedALMOST SHOOTING STAR
+ Chart Pattern: Complex Head And Shoulders Top
+ ALL S/R above are confirmed
+ Location: Strong confluence of two WR levels at 0.7580 and 0.7574, TL and the EMA 20.
+ Weekly trend BEARISH
+ Direct trend at the pending sell stop of all timeframes BEARISH
+ FCL: DS at 0.7503 and the BRN 0.75. There is enough to manage the trade
- Monthly trend BULLISH. This is a counter trend trade
- Size is small. It will give me the advantage to place a small stop loss
- Shape is not according to standards and there is...Ignored
DislikedThis aint any signal etc... this is my very objective view on eurnzd... this is my line and ill take it short to 1.5900 lvl as target.
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greetz,
JonasIgnored
Dislikedwould like to have some heads-up for this one.... out of interest.. whats your take here guys?
Thanks for facing
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best regards,
JonasIgnored
DislikedLooks good Jonas. A nice simple Box as James teaches
My favorite is when we get to the outside of the boxes
MikeIgnored
Dislikedthanks for your reply Mike !
2 more questions on this one : how are these mid levels explainable ? I mean there has to be s.th mathematical or s.th else behind this phenomen ?
And how would you play a possible break of this box? playing a retest or taking the BO itself directly?
Thank you for your ideas
regards,
JonasIgnored
DislikedHey Jonas
I think it just has to do with similar OF buildup over time at these levels. Being a MIDPOINT of something(50%) begins to generate then it just self fulfills. Check out consolidation though. It is nearly every time.
I will be just watching the outer edges of a box. Looking for signs that we might be breaking up, or on a breakout a retest of the area works as well. As well as failure breaks of these areas can be great plays too(false breaks)
Hope that helps
mikeIgnored