DislikedI see a posibility brewing to sell the USD/YEN.
What do you guys think of this setup?Ignored
Best
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI see a posibility brewing to sell the USD/YEN.
What do you guys think of this setup?Ignored
Dislikedmeet me in the cluub its goin dowwwn....
http://i432.photobucket.com/albums/qq42/pizdun/down.jpg
just a shout out to mike and james. may 1st will officially be the one year anniversary of me reading this thread for the first time. it will also mark my first year of profitability in this business. coincidence? i think not.
THanks so much. after 4 years its nice to finally see some greenIgnored
DislikedTrue, the weekly looks more like a breakout opportunity.
In other words, I have no idea!Ignored
Dislikedlol...dont confuse the TFs though, it could be a break out on the weekly but still retrace hundreds of pips tradable on the daily TF.
jus my 2 pips
jonIgnored
DislikedOk Mikey do you have any objection on FTSE (FFIM) daily bar. (not closed yet)Ignored
DislikedGood point. Let me put you on the spot.
If you were forced to take one of the two possible trades I posted which would it be? (Of course they might both be crap setups)Ignored
DislikedThanks Mike - have been watching most of these (not much action this month as you noted!) but there are a few there new to me which I will add to my list. Are commodities/Stocks worth throwing in the mix? - would be a new field to me.
Thanks again for all your help
JIgnored
Dislikedcommentary fodder.
divergence, B quality OB, uptrend, MRN (minor round number)
looks like a passIgnored
DislikedHi Jarroo, thanks for very detail breakdowns of the trades.
Now looking back at yesterday's GBP/CHF BEOB, on the 1H charts show that price did not respect the break level. Price break the BEOB and go down to 1.6420 and it shoot back up to 1.6485, not even stopping to test the break level. Just as you said price did not behave correctly.
Yes if we could watch the chart during the day, this is great way to monitor our trade and act accordingly. But for those that can only check the chart once or twice daily, this is not applicable. I mostly,...Ignored
DislikedIt's been a while since I've posted. I trade faster markets these days so there's not as much time to post during the day, but it's nice to see some interesting discussions, particularly the one between StoragePro and Joelcf about psychology (also nice to see the regular three monthly "you guys suck!" interlude. Something to set your watch by... ). When I saw SP and Joel exchange their posts on psychology I was reminded of what, for me, is the essential nature of this thread. A place where traders can feel free to express differing opinions...Ignored
DislikedQuoteDislikedOriginally Posted by Ted1983
I see a posibility brewing to sell the USD/YEN.
What do you guys think of this setup?
looks very small bar, very weak selling on a friday that could just be some tidying up before the weekend. I think price is getting attracted to that 95 level or close to it
Best
MikeIgnored
DislikedIf you really attained the 20% per month that the guy earlier claimed, in slightly less than 14 years, you would have compounded your $500 starter account into enough money to build a 50cm wide, 10cm thick walkway to the moon.
A walkway made of solid, 24kt gold.
-------------
l(km) 384,403 = 38,440,300,000cm
w(cm) = 50
d(cm) = 10
[size=1]:. tv(cc)[font=Arial]...Ignored
Dislikedjoke on the side, i saw some interesting IPBs on yen pairs : GBPJPY looked good a few hours ago but didnt close like i wanted it to, USDJPY has a good IPB imho but it doesnt have a very long nose compared to the previous bar and EURJPY definitely looks the best - extra long nose, just off a BRN 125.00 which is also a ppz area and its on a weekly chart... what do you need more ? ...
*edit: forgot to mention that there is also a PB on the daily chart of EURJPY
have a nice weekend everyone,
ppfxIgnored
Dislikedjoke on the side, i saw some interesting IPBs on yen pairs : GBPJPY looked good a few hours ago but didnt close like i wanted it to, USDJPY has a good IPB imho but it doesnt have a very long nose compared to the previous bar and EURJPY definitely looks the best - extra long nose, just off a BRN 125.00 which is also a ppz area and its on a weekly chart... what do you need more ? ...
*edit: forgot to mention that there is also a PB on the daily chart of EURJPY
[have a nice weekend everyone,
ppfxIgnored
DislikedI agree with your take these IPBs, but the eur/jpy weekly is a BEOB., that looks like a IPB. I'm not say this is a bad thing. But I would like to see that at the Highs, near the 128.00. Like the IPB of a few weeks ago.Ignored