wkly is a james 16setup and monthly inside bar . any?'s
where to sell you may get let out if you wait for a bounce up
where to sell you may get let out if you wait for a bounce up
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedWould any of our resident experts like to form an opinion of the chart attached below.
Reluctance to close above 1.9660 for 3 months, pinbar followed by an IB that looks certain to beak down.Ignored
DislikedWould any of our resident experts like to form an opinion of the chart attached below.
Reluctance to close above 1.9660 for 3 months, pinbar followed by an IB that looks certain to beak down.Ignored
Dislikedis anybody using one of the three vegas-systems? if yes, what are your results? i read the vegas documents yesterday and wondered if it it is really profitable.Ignored
DislikedIf anyone knows anything about this or has seen this before or anything at all, just shoot me a PM or mention whichever book has something about it, I'm just curious
Derived from the line chart:Ignored
Dislikedhow is that any diffrent than a triangle that breaks to the downside?Ignored
DislikedMy emphasis was on the breaking point. The intersection of the TLs very often seems to be the "soft" spot. I don't really know why, but it's just come to my attention. Might just be a coincidence, I don't really know, hence I'm curious.
Besides, the markets driving me nilly-willies with its unwillingness to do anything after Asia, so I need the distractionIgnored
DislikedHi Mike,
Our aud/cad trade starting to come into play,
this has already been the longest held trade of my life,
I'm finally learning patience.
westieIgnored
DislikedI have no idea if anyone has ever read anything about this before or whether this is just as freaky a thing as the golden ratio and market symmetry.
However, this is something I have also seen happen several times over the past year and it's a bit crazy, but still something to look out for...
Here's the deal: whenever a wedge / two trendlines intersect, they seem to create a possible "break point", i.e. the intersection itself seems to be a crosshair for a potential breach.
Now I know this sounds hocus pocus, but I think it's one of those "time and price coming together" things, that just oddly enough just seems to occur.
Here's the example for cable, and I have not curve fitted these trendlines, these have been drawn in during the last 4 weeks, before the drop.
Bar chart:Ignored
DislikedIf anyone knows anything about this or has seen this before or anything at all, just shoot me a PM or mention whichever book has something about it, I'm just curious
Derived from the line chart:Ignored