Anyone trading this daily GBPUSD pin that bounced of monthly PZ?
http://imgur.com/4PBIT.gif
http://imgur.com/4PBIT.gif
Where can I learn more about Price Action like those in James16 charts? 9 replies
Disliked5m and 1m, eh? Trading those timelines will either kill my trading, or kill my work productivity!!! (See work screen shot attachment)Ignored
Dislikedlol...how can you concentrate with the charts there!!!!
haha...i take my hat off to youIgnored
Dislikedhere are two charts I am looking at, the big concern to me is it is counter trend, not really trendlines. what do you think in terms of weakness of these two lines? do you think the BRN could serve confluence well?..Ignored
Dislikedhello littspaniard,
welcome.
the ema365, fib61.8 are not shown in your chart. maybe u can repost another chart?
anyway, i'd like to see price to hold around 135.50 & revisit the 136 area (& above), very soon. otherwise, we risk moving down to 134.00 - 134.50 area.
keep posting Sir!
it looks like a building or a mansion with a grand fountain in front
very nice work!Ignored
Dislikedhello, jon and others who may be interested in
here are two charts I am looking at, the big concern to me is it is counter trend, not really trendlines. what do you think in terms of weakness of these two lines? do you think the BRN could serve confluence well?
jeurreIgnored
Dislikedit looks like a building or a mansion with a grand fountain in front
very nice work!Ignored
Dislikedhi Jeurre, im not a big fan of this type of TL so if i have them drawn in i dont really use them for trading, possibly confluence if i like the line.
i cant comment on the aud/sgd as i dont have that on my platform and would want to see a much more zoomed out view.But from your chart i wouldnt give it too much weight. If price is running into a PPZ which coincides with the TL i would trade the PPZ not the TL. if it doesnt i would be very wary to trade from the TL alone.(btw it looks like you have it drawn from the close on the first point and the...Ignored
Dislikedyeah SC, i think hes designing my new house for when i hit the big time in trading! ....
jonIgnored
Dislikedthanks for posting. i like it. >86.00 usd seems a good entry.
one thing that bothers me, is the falling volume on the last three daily candles.
will watch it closely today.Ignored
DislikedI never understood for what the volume is good for. Could you please explain how you use the volume please?Ignored
Disliked:-)
well, that's like: can you teach me a foreign language in less than 3 min...
but concerning this particular setup: a break through resistance needs (under normal circumstances) rising volume and not declining volume. you could see volume as a gas pedal. you need more gas to drive up a hill ...
if you want to know more about volume, take a look at "master the markets" from fabulous tom williams. there are a lot of free pdfs in the internet.Ignored
Disliked:-)
well, that's like: can you teach me a foreign language in less than 3 min...
but concerning this particular setup: a break through resistance needs (under normal circumstances) rising volume and not declining volume. you could see volume as a gas pedal. you need more gas to drive up a hill ...
if you want to know more about volume, take a look at "master the markets" from fabulous tom williams. there are a lot of free pdfs in the internet.Ignored
Dislikedthanks for posting. i like it. >86.00 usd seems a good entry.
one thing that bothers me, is the falling volume on the last three daily candles.
will watch it closely today.Ignored