- #19,025
- Jan 18, 2009 9:21pm Jan 18, 2009 9:21pm
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
Hey Bundy... thanks for that great explanation/post. You're my new favorite.
Cheers guys. Appreciated
...but it's nothing that others haven't covered very well throughout this thread, btw. 
Bundy's status today: "Waiting..."
- #19,026
- Jan 18, 2009 9:31pm Jan 18, 2009 9:31pm
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
Just a reminder. Bank holiday in the US monday.
There's some good moves happening in this session anyway.
Bundy's status today: "Waiting..."
- #19,027
- Edited 11:12pm Jan 18, 2009 9:39pm | Edited 11:12pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #19,028
- Jan 18, 2009 9:54pm Jan 18, 2009 9:54pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Hi RedA, I've got a starter for you.
It's something that requires practice and studying charts to get a good hold on.
I'm sure there's a video or two in the guest area that get's into this. You may have not seen it yet, or missed that bit while concentrating on something else.
Here's a chart:
Taking the previous down wave (Marked by white line of course) as an example, you can pre-mark possible trouble spots for the next run upwards....
1. At the top of the wave there was an area where the pair fought sideways before deciding...
Just like water, Price tends to flow towards least resistence. You illustrated this beautifully.
Nice post mate.
Jim
Indicators show the past. Price Action "Indicates" the future.
- #19,029
- Jan 18, 2009 9:58pm Jan 18, 2009 9:58pm
- Joined Apr 2007 | Status: Trader | 2,387 Posts
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #19,031
- Jan 18, 2009 11:41pm Jan 18, 2009 11:41pm
- Joined Nov 2007 | Status: Conscious Incompetence | 3,274 Posts
Don't wish it were easier, wish you were better. ~ Jim Rohn
- #19,033
- Jan 19, 2009 1:18am Jan 19, 2009 1:18am
A big hello to you all,
I've been hiding in the shadows for quite a while now whilst I read through the entire thread, which I finished over the weekend.
And have gone straight back to page 1 to start over again!!
I'd like to say a very big THANK YOU to James and all the other regular contributors who have made this a truely outstanding thread. Not just for the information provided but also the spirit in which it is given. The helpfulness and generousity of you all is amazing. 19000+ posts and I don't recall one negative one. Says it all, doesn't it.
I hope one day I can reach a level of competence that will allow me make a meaningful contribution to the thread....with you guys at the helm, I think I'm on the right track.
Steve (MrSingha).
I've been hiding in the shadows for quite a while now whilst I read through the entire thread, which I finished over the weekend.
And have gone straight back to page 1 to start over again!!I'd like to say a very big THANK YOU to James and all the other regular contributors who have made this a truely outstanding thread. Not just for the information provided but also the spirit in which it is given. The helpfulness and generousity of you all is amazing. 19000+ posts and I don't recall one negative one. Says it all, doesn't it.
I hope one day I can reach a level of competence that will allow me make a meaningful contribution to the thread....with you guys at the helm, I think I'm on the right track.
Steve (MrSingha).
"The more I practice, the luckier I get." (Gary Player)
- #19,034
- Jan 19, 2009 1:33am Jan 19, 2009 1:33am
- | Joined Oct 2007 | Status: Nomad | 1,144 Posts
"Support and Resistance either holds or it doesn't."
-Anonymous hillbilly
- #19,037
- Jan 19, 2009 1:45am Jan 19, 2009 1:45am
- | Joined Oct 2007 | Status: Nomad | 1,144 Posts
Hi there here's a PB on Eur/Usd that is catching my attention...What do you think about?I spot some confluencePZ;61%FIB
Any comments????
"Support and Resistance either holds or it doesn't."
-Anonymous hillbilly
- #19,039
- Jan 19, 2009 1:49am Jan 19, 2009 1:49am
- | Commercial User | Joined Feb 2005 | 2,875 Posts
HERE YA GO STEVE. since i was about to post this chart and reply to your post i will just dedicate this to you. welcome.
A big hello to you all,
I've been hiding in the shadows for quite a while now whilst I read through the entire thread, which I finished over the weekend.
I'd like to say a very big THANK YOU to James and all the other regular contributors who have made this a truely outstanding thread. Not just for the information provided but also the spirit in which it is given. The helpfulness and generousity of you all is amazing. 19000+ posts and I don't recall one negative one. Says it all,...
