Dislikedtook this nice breakout today. entry was 44.04 usd, now floating at around 45.05 usd. something about +2.20% in 5 hours. i luv itIgnored
everybody dance now...
Inserted Video
meine augen sind die sterne
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedtook this nice breakout today. entry was 44.04 usd, now floating at around 45.05 usd. something about +2.20% in 5 hours. i luv itIgnored
Dislikedi took profit with 2/3 of my position here at 45.29 usd. nearly +3% in one trading session.
everybody dance now...
http://www.youtube.com/watch?v=RbUpz...eature=relatedIgnored
DislikedMike
Your analysis, as usual, is spot on with this one. Though can see why people would be tempted with this one as:
1 |With the trend
2 Good size bar
3 Long nose
Therefore it does meet some of the J16 requirements. But getting the bigger picture (the story) as mentioned in your post is what trading is all about. Thanks for your continued support and wisdom to all of us trying to make sense of it!!
KalIgnored
DislikedJust a thought on this one: is the previous big down move not a concern here?Ignored
DislikedIt's a mild concern. I'm not as concerned because price has already broken through that low from 4-18-11...
If price refused to break that, we would have some issues.
Also, look at Monday's (yesterdays) high, the high is bouncing almost to the pip off of the low from 4-18, then today, when price got to that level again, it broke it....
Don't get me wrong, I will manage tightly, I see some trouble around last Friday's high @117.50, and will have my stop at B/E should price get there.Ignored
DislikedI'm in agreement here....the pros (150 ema, test and rejection of BRN, monthly top of consolidation, strong ppz, very strong close, hidden bullish divergence) far outweigh the cons (sharp down move, swing low to left). We also have 50 retracement, and a monthly Highest Close of Resistance around 115 as added confluence.
I'm currently demoing retracement entries of outside bars on retracement so here's my current order, with full TP at the 117.5 area you mention. Wouldn't be surprised if this one didn't retrace as much though.Ignored
DislikedCan someone explain to me why my 365EMA is different from you guys? It also doesn't match my other charting software which has 365EMA plotted the same way as the other charts posted here.
Ignored
DislikedbiDc,
Every broker has a different bar close time, that means also a different EMA.Ignored
Dislikedgerman puma with a close above the box. will very likely go higher. 250 euro could be a good target.Ignored
Dislikedi noticed that BRNs are highlighted automatically on some of your charts, is this an indicator and can it be shared? thanksIgnored