james16 Chart Thread
LOL never heard of those, but sound cool, will check them out. They work pretty good, the rounder the button the better, but on a 4h chart I wouldn't expect the bottom to be as round. I've honestly only traded them a few times, and when I have, I usually look for other reasons to enter the trade also. I'd check them out and test them of course if you plan to trade them, I personally like them because they make for a good spot to enter a trade, where you can set a tight stop/loss, and feel ok if it hits usually.
It's dow jones man :-)
I was busy, away from home etc. now i'm back :-)
I've never used them before, the only ones I've been taking are the common ones the H&S, traingles ranges, channels, roundbottoms, round tops, double bottoms and double tops.
Not sure if these strange somewhat new patterns would work as great, atleast this time it did, this cup and handle thing
LOL never heard of those, but sound cool, will check them out. They work pretty good, the rounder the button the better, but on a 4h chart I wouldn't expect the bottom to be as round. I've honestly only traded them a few times, and when I have, I usually look for other reasons to enter the trade also. I'd check them out and test them of course if you plan to trade them, I personally like them because they make for a good spot to enter a trade, where you can set a tight stop/loss, and feel ok if it hits usually.
I've never used them before, the only ones I've been taking are the common ones the H&S, traingles ranges, channels, roundbottoms, round tops, double bottoms and double tops.
Not sure if these strange somewhat new patterns would work as great, atleast this time it did, this cup and handle thing
http://www.forexfactory.com/showthre...?t=2331&page=2
first page's charts are there, you just have to click on it.
I attached a PDF file that explain those set ups...
Hope this help...
edit: ups sorry, someone posted them earlier....
Thanks josh for posting that. Was just going through the posts and was about to make another chart
Also the first few charts James posted for me must be clicked now. They are not gone, you just have to click the file name under his posts.
If you still have questions let me know I can throw a chart up too
Mike
yeah some crazy stuff goin on around, I am very much out except the eur/gbp short.
Closing above dw4 ppz, can be considered positive sign for e/j imo.
I would cautiously start looking for setups, with 122 in sight...
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)
Hey Ghous
Yeah I didn't take them, because I wasn't a huge fan of the breakout pattern(for me to play a breakout I look for clear patterns). Secondly the area I was watching just didn't close above the area I was looking for to play in my intraday style. So overall things were close, but not exactly how I liked it so stuck to my rules and stayed out. Never the less missed a bunch of moves, but that is how the story goes. I know Jim(jaroo) caught a lot
Mike
Nice Jim, I caught on to the same one. Now it looks like the 130 area is going to act as support. I'd like to see a retracement from here then solid pa in that area to get into another position headed towards the top.
That pretty girl keeping you busy. lol
