I sure am these are my charts from the PF
Glad to see your charts always so spot on
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedhi mike .. nice seeing u here does this valid pinbar on gold? best wishes,, {image}Ignored
DislikedI think AUD/USD is headed down sometime in the next hours, days or weeks... W1 ok pinbar, D1 2-day beob and H4 beob too. I think its longer term retrace is near exhaustion and that its general downtrend will resume shortly. Headed back to 0.70? This will be a longer term trade (if price goes my way lol) looking for multiple shorts over multiple weeks. Waiting for price to retrace a little higher before shorting, with a small SL/risk. See how she goes. @ Mike, wow man you have some big balls with that G/N trade, some serious lots against such...Ignored
Disliked{quote} GBP/USD Stopped out for a loss. USD/CAD H4 BEOVB. Moving down staying below trend line. BE. {image}Ignored
DislikedBuy on a pullback . what do you think? buy on a pullback . what do you think? {image}Ignored
Disliked{quote} GB me old chum, nice to see you're still around. How is things with you, trading-wise and otherwise?Ignored
Disliked{quote} Hello my friend. I am in good shape all round here thanks. Hope all's well with you. Good to see you.Ignored
DislikedInco, that's raaawkin! Gr8 to hear. Yes, please keep me posted. Glad you are back. All the best with the job.Ignored
Disliked{quote} Bill, I also see some Aussie weakness in the weeks following, mainly because the Aussies massive rally was a result of ore prices rocketing; that, together with the Ching Chongs demand for steel. However, its expected to subside now, hence the weakness is kicking in. The RBA are still holding the cards here (assuming the FEDs disappoint again), will wait for Aus Q1 inflation data and then the rate statement should provide us with some ammunition. Regardless, I am bullish from 0.72500. I missed the current drop by 9 pips, if I dont get in...Ignored
Disliked{quote} Hey inco, Congrats on your qualifications! Looking over your analysis, i would guess you are a Techno-fundamentalist, say 50-50? Nice monthly stats, seems like you are being patient and entering accurately, then cutting the bad trades early and letting the winners run awhile. Sweeeeet. Hope you're right about the AUD! If price does confidently move down soon, will you close your 0.725 long and re-enter later? BillIgnored
Disliked{quote} OMG I fell asleep with my laptop next to me. Sorry! Thank you, Bill. I would say 50/50 pretty much sums it up; I am a technical trader however, but after learning about what drives these markets, I cannot help but consider the fundamentals. What I like to see is the Fundamentals and Technicals agree. Lets see what Tuesdays rate statement gives us, but regardless 0.725 will hold long enough for me to get my SL to BE without Fing up the trade. AUDUSD is one of the pairs that respects support and resistance and S/R flips (PPZs). If however,...Ignored
Disliked{quote} lol, you obviously need some sleep lady (or are we that boring). Let's hope you weren't at work when you nodded off... Some people say that once you get to BE that it's a free trade. To me that's BS. If you are up 300 pips and you get stopped out at BE, then you have just lost 300 pips. Because price is at a very important area and could reverse, at the very least i'd be looking for a strong support area below and if it's breached consider closing your long for some nice pip-a-dee-do-daas and re-enter at a later time. Just my thoughts......Ignored
Disliked{quote} Bill, I also see some Aussie weakness in the weeks following, mainly because the Aussies massive rally was a result of ore prices rocketing; that, together with the Ching Chongs demand for steel. However, its expected to subside now, hence the weakness is kicking in. The RBA are still holding the cards here (assuming the FEDs disappoint again), will wait for Aus Q1 inflation data and then the rate statement should provide us with some ammunition. Regardless, I am bullish from 0.72500. I missed the current drop by 9 pips, if I dont get in...Ignored