I'll get over it though.
Edit: I change my mind. This is all f____ up. Can't find anything.
It took Merlin and the guys a while to balance the forum organisation , and now someone has better ideas.
.
Bundy's status today: "Waiting..."
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedhttp://forexfactory.com/attachment.p...1&d=1219498665
Are you thinking that GBP/USD could go lower, breaking the support?? I wanna know ur oponion...
If there is a gap down on monday,i will long the pair till the gap is filled....
sonic'Ignored
DislikedHere's one trade I'm planning for the coming week. NZD/USD finished as another pin this week (bearish this time), so I'm going to close my long at about break even and look to short. This pin is in line with current downtrend. To get a better price than taking the break of the weekly pin, I'm hoping to enter on a retrace of the daily BEOB if possible. Any opinions on this one?Ignored
DislikedAnother setup for next week. Two day pin bar (as far as I know) for EUR/USD at weekly PPZ. Would the correct move be to put sell stop 10 pips or so below the first bar's low (bullish one)? I'm assuming this is correct but I don't know too much about 2 day pins. I'm in favor of shorting this pair over some others (GBP, JPY) because it looks like there's not much support until 1.44. Opinions are always welcome, I'm still learning this.Ignored
DislikedAnother setup for next week. Two day pin bar (as far as I know) for EUR/USD at weekly PPZ. Would the correct move be to put sell stop 10 pips or so below the first bar's low (bullish one)? I'm assuming this is correct but I don't know too much about 2 day pins. I'm in favor of shorting this pair over some others (GBP, JPY) because it looks like there's not much support until 1.44. Opinions are always welcome, I'm still learning this.Ignored
DislikedAnother setup for next week. Two day pin bar (as far as I know) for EUR/USD at weekly PPZ. Would the correct move be to put sell stop 10 pips or so below the first bar's low (bullish one)? I'm assuming this is correct but I don't know too much about 2 day pins. I'm in favor of shorting this pair over some others (GBP, JPY) because it looks like there's not much support until 1.44. Opinions are always welcome, I'm still learning this.Ignored
DislikedI don't see it. But I can see us being under a strong resistance line(=>attached updated EURUSD chart, same one I posted before) which would have been a good place to take some profit.
IMHO betard's 1.44 area with the TL and then 1.43/1.425 is the next place I can see, but there's really nothing "big" until 1.34-1.35ish, more at around 1.29-1.3.
But that's looking at monthly =)
1.4350 is most likely a "must reach" target near term.
All of this is just wild speculation on my behalf, but it fits really well with the general idea of "a trend tends to go on further than anyone would expect of it".
And so far the moves have been "trending", even if we're not past all TLs on all pairs yet to technically term it / justify calling it a change of trend on the USD. All I know is the direction has changed to pro-USD, and if that persists, then it will by itself turn into a trend.
Personally I hope there will still be a larger bounce coming at some point, if only to give an opportunity for the other side to have a go, and for those still secretly bullish USD folks to get a new shot at a better entry - if they can find one.
1.49 looks like a good flip/decision point here for either side.Ignored
DislikedDoes this kind of a setup take up some plcae in James 16's grand book of PA indications??
usd/cad is in a very nice place at the moment, it seems to have nicely bounced over a very long term resistance line, could this PA indication (if it is...) make the case any stronger??Ignored
Dislikedthis is the trendline i was referring to, had this trendline not been there all of the stuf you posted was valid, but this TL seems to be a nice source of support, atleast uptill now...but i agree though that there is strong res too...Ignored
DislikedIt's a top connecting trendline. The only use they have for me is on retest directly after the break before the takeoff.
Once price has taken off and comes back, they become insignificant to me.
Why would they be relevant for (longer term)support if they weren't a support line to begin with?
From everything I know and have seen, buying is structured about low connecting trendlines.
Find me one, on any pair, that didn't eventually break again once price came back after a longer excursion
It's one thing if these coincide with real s/r lines or other items, but as a valid trendline trade I wouldn't put much faith in it under the described setting.Ignored
DislikedGhous, you mentioned on one of yousr charts DBLLC, but in that case the close (green bar) was higher that the close of the previous bar. So, that would make it DBLHC...Ignored
DislikedGhous, you mentioned on one of yousr charts DBLLC, but in that case the close (green bar) was higher that the close of the previous bar. So, that would make it DBLHC...Ignored
DislikedThen why exactly is it true that a supporting horizontal line can well provide resistance?Ignored
QuoteDislikedas i see it any line that can provide res or support is eually good to be used for either,
QuoteDislikedThere are a million examples where it can easily be concluded that support lines can provide resistance equally well...
DislikedI don't know why it's behaving differently from other currencies right now but I don't care lol.Ignored