Hey folks,
It's not forex but a stock chart of Procter Gamble. A real nice pin! At a PPZ and 60.00 round number.
Cheers
Boca
It's not forex but a stock chart of Procter Gamble. A real nice pin! At a PPZ and 60.00 round number.
Cheers
Boca
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedW/salaam bro,
It's good to have more pakis share the gold with us here.
Hope to see you around
g.Ignored
Dislikedthnx Ghous by the way how i can contact u ? actually today i was in karachi for interview In Mobilink in shara-e-faisal ...so if u dont mind think about it and give some of your contact i will contact and learn from u ,,,,
MuhammdIgnored
DislikedHi all
New to this thread. Trying to absorb as much info as possible from many good traders here.
I entered into this trade on demo, hoping that it would meet the J16 trading, feed back is welcome and appreciated.
CheersIgnored
Dislikedthnx Ghous by the way how i can contact u ? actually today i was in karachi for interview In Mobilink in shara-e-faisal ...so if u dont mind think about it and give some of your contact i will contact and learn from u ,,,,
MuhammdIgnored
Dislikedeuraud is way oversold, watching the 30mins for a possible counter trend breakout play. Any comments?
HunriIgnored
DislikedSo far so good. The CHFJPY Chart looks like its going to go down to at least teh 90s zone.
Attachment
Anybody taken this trade?Ignored
DislikedIf it closes like this, it is definitely what I look for in terms of confluence:
1) 2 day pin (assuming it closes as such)
2) Hits pivot area and rejects (though within zone)
3) Hits downward sloping trendline
4) Rejects 61.8 fib as well as 50 fib
NathanIgnored
DislikedIf it closes like this, it is definitely what I look for in terms of confluence:
1) 2 day pin (assuming it closes as such)
2) Hits pivot area and rejects (though within zone)
3) Hits downward sloping trendline
4) Rejects 61.8 fib as well as 50 fib and .9600 round number
NathanIgnored
DislikedI don't trade this pair but It's strongly Correlated with GOLD right?Ignored
DislikedI have concerns about the size of the bars... there are some big moves around lately, and so I'd probably want either a convincing close below .9500 (below the cluster of bar highs and the big number), or have the lower timeframes paint a strong picture, but otherwise it is a very tidy looking trade... nice pickup!
AttachmentIgnored
DislikedI don't trade this pair but It's strongly Correlated with GOLD right?Ignored
DislikedIf it closes like this, it is definitely what I look for in terms of confluence:
1) 2 day pin (assuming it closes as such)
2) Hits pivot area and rejects (though within zone)
3) Hits downward sloping trendline
4) Rejects 61.8 fib as well as 50 fib and .9600 round number
NathanIgnored
DislikedThe only good thing is in some cases when you have that cluster of bars like this if the area goes it gets demolished.Ignored
DislikedNot really, because both Australia and Canadia are significant gold producers.
u/c and a/u are more closely correlated to gold.Ignored
DislikedI've got a question:
Daily UJ in my opinion shows nice setup short [I don't know those names, but on Friday UJ first broken Thursday high, but then finished day as a bear candle].
Additionally UJ currently jumps around 50% fib [high apr-09 low nov-09]
Is that enough for good setup short?
I have demo-short order @ 92.17 With nice expectation for profit at 91.30 [nice confluence of 61% and recent lows]
Could you please comment on this idea?Ignored