This is not totally James16. But we have got Piercing pattern @ 76.4 fib on AUDUSD weekly. It looks like the retracement is taken place on this one.
Ken
Ken
Attached Image
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedThis is not totally James16. But we have got Piercing pattern @ 76.4 fib on AUDUSD weekly. It looks like the retracement is taken place on this one.
Ken
Ignored
Quoting alkhatarey;2335630..Dislikedguys we have to discuss one by one like this every one will write and idea and then willnot foucus in one signalIgnored
DislikedFinally! It has taken me 4+ months but I JUST finished reading this thread from post #1. Now I'm off to join the PF. :-)Ignored
DislikedI think you should read it again......to make sure you didn't miss anything!
mIgnored
DislikedBearish outside bar on weekly chart of crude futures. If this ship does not turn around $50 is in the cards at some point. Forget about the emerging economies and their craving for oil, at the end of the day, the only thing that matters is price. Thanks Jim.
BTW, that close below the 365 day ema (blue line) is key.Ignored
Dislikedonce again ryan makes a post that finds me shaking my head in agreement in remembrance of my own journey in this business.
jimIgnored
DislikedI would like to learn your system .Could you explain me how it works.Ignored
DislikedHallo guys i'd like to know your thinking about this Pin.
It's not the best shape but there's some confluence between 100 and 50% FIB.
Thank you.Ignored
DislikedI would like to learn your system .Could you explain me how it works.Ignored
DislikedThe most likely scenario is that we'll be trading in a range $58-86 for the next 6 months. Look for the best setup between those two ppz.
Personally I doubt, we'll be sitting below $60 for too long... and Ideally I'd love to see a PB off of 52.
.Ignored
Disliked'
Hey Adrian
A PPZ, can be a single line, or it can be an area. So sometimes you have a flip of Support and resistance say off of a round number. Where price is constantly reacting that that price. But more times PPZ are zones, where they are areas that price is reacting and finding both support and resistance.
From the man himself
http://www.forexfactory.com/showthre...ne#post1840240 (start with that post and scroll down James gives a lot of examples should help you)
http://www.forexfactory.com/showpost...ostcount=12722
Have a great weekend
MikeIgnored