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  • #621
  • Mar 18, 2009 4:11am Mar 18, 2009 4:11am
Another method I tried, used and dropped.

Anyone see any use in it?

I know, sounds like a Starbucks special!

Nicola and AstonDan - you are DISQUALIFIED from answering!
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp - ichimoku.gif Size: 30 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #622
  • Mar 18, 2009 4:17am Mar 18, 2009 4:17am
Quoting strat
Another method I tried, used and dropped.

Anyone see any use in it?

I know, sounds like a Starbucks special!

Nicola and AstonDan - you are DISQUALIFIED from answering!
hmm...if i could only see the price ....:nerd:

baz
  • #623
  • Mar 18, 2009 4:23am Mar 18, 2009 4:23am
Quoting strat
Hmm, I wonder what you lot will make of this?
Well Strat, what i think when i see that picture is, isn't it amazing how price has fallen thru the s/r levels then bounces off the next till it builds enough momentum to fall thru again, or like the train analogy, the train falls out of the station and motors to the next where it waits to fill up with passengers, then off it goes again to the next station, and so on and so forth until it has had enough of going in that direction i suppose, or it has enough passengers that want to go the other way and i guess it will then change direction?????

cheers
Geoff
  • #624
  • Mar 18, 2009 4:30am Mar 18, 2009 4:30am
Look i want some thoughts on cad jpy.....why dont dont you all like cad jpy?

With thousands of veiws has cad jpy got the plague....

If you missed that its cadjpy did i say cad jpy........yes i did....g
  • #625
  • Mar 18, 2009 4:42am Mar 18, 2009 4:42am
Quoting strat
Another method I tried, used and dropped.

Anyone see any use in it?

I know, sounds like a Starbucks special!

Nicola and AstonDan - you are DISQUALIFIED from answering!
i have no idea what "ichimoku" is ??!!
There's a POT of GOLD at the END of the RAINBOW!!
  • #626
  • Mar 18, 2009 4:43am Mar 18, 2009 4:43am
Quoting Baba G
Look i want some thoughts on cad jpy.....why dont dont you all like cad jpy?

With thousands of veiws has cad jpy got the plague....

If you missed that its cadjpy did i say cad jpy........yes i did....g
Hey baba G, i will give my thoughts, not that they are anything but that, as i havenever traded the cad/jpy let alone looked to hard at it, on looking now i see it hitting its head against stiff resistance and the boss as well, but for mine there is no clear indication of its intentions just yet, i would be thinking down, but you would want some sort of indication via price action surely???

cheers
geoff
  • #627
  • Mar 18, 2009 5:47am Mar 18, 2009 5:47am
Quoting strat
Hmm, I wonder what you lot will make of this?
Hi Strat,
Are you saying that I can weed out a lot of the weekly S/R lines by using a monthly filter?
It stands to reason that a monthly S/R line will also qualify as a weekly one.
  • #628
  • Mar 18, 2009 5:56am Mar 18, 2009 5:56am
Quoting Baba G
Look i want some thoughts on cad jpy.....why dont dont you all like cad jpy?

With thousands of veiws has cad jpy got the plague....

If you missed that its cadjpy did i say cad jpy........yes i did....g
For what it’s worth BG, here’s my opinion:

In terms of side to side S/R on the daily I think it’s in no man’s land to a degree, although if it can find support off the BOSS 20 then perhaps look at a long up to previous resistance at 79.47. It looks strong to me but I would have to put a stop below DAILY 20 and previous Bearish bar at around 76.

Cheers
Dan
  • #629
  • Mar 18, 2009 6:37am Mar 18, 2009 6:37am
i dont use M.A s so give us a rough price on the long bro....cheers and thanks.......g

You see i got a few price bars and a ticket so im looking for vibes to compare......g
  • #630
  • Mar 18, 2009 6:45am Mar 18, 2009 6:45am
Quoting strat
Hmm, I wonder what you lot will make of this?
Hi Strat, just finished catching up and I think this is a great thread so far
I'm a newbie, demo trading so far for about 4 months and I'm trying to learn as much as I can about price action trading as I found its the way to go in trading FX

By looking at the chart it looks like price is in a very clear pattern, sort of like descending waves

It tests support then after it breaks, the same support becomes resistance and price tests it again

Also it looks like the trend is slowing down since February
  • #631
  • Mar 18, 2009 6:55am Mar 18, 2009 6:55am
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad chart.gif Size: 21 KB


It looks like horizontal support in the 1.2670 area has met trend line support so I am looking to go long after the break of the previous candle at 1.2770, SL should be below the last swing low at 1.2620
It also looks like like the previous bar is an inverted hammer as well as a harami with the two previous bars although they are weak

what do you think?
  • #632
  • Mar 18, 2009 7:14am Mar 18, 2009 7:14am
Quoting haribon2008
i have no idea what "ichimoku" is ??!!
Me either, got my head in the clouds today
  • #633
  • Mar 18, 2009 7:18am Mar 18, 2009 7:18am
Quoting AstonDan
For what it’s worth BG, here’s my opinion:

In terms of side to side S/R on the daily I think it’s in no man’s land to a degree, although if it can find support off the BOSS 20 then perhaps look at a long up to previous resistance at 79.47. It looks strong to me but I would have to put a stop below DAILY 20 and previous Bearish bar at around 76.

Cheers
Dan
Hi Dan,
You are not seeing the 100 or so pip gap he is going for below the 79.47 with a chance to break above. it is true the 20 will provide supprt on the daily at the second eye of the weekly boss pin and this is looking more likely as time goes by. however I believe baba is right that there is a decent opportunity for safe returns if it should all come together and this week can continue to falsely hail the end of the doom.
I prefer the 25 ema and that is right at target zone on the weekly 79.47 chart.
Thing is it should have gone already hence desire to comment and of course the brother obviously needs some love in his time of jap cj analysis.
GOD IS NOT SHORT OF CASH
  • #634
  • Mar 18, 2009 7:21am Mar 18, 2009 7:21am
Quoting Baba G
Look i want some thoughts on cad jpy.....why dont dont you all like cad jpy?

With thousands of veiws has cad jpy got the plague....

If you missed that its cadjpy did i say cad jpy........yes i did....g
Baba G, I really like CADJPY long.
It has broken up through the weekly 20 (thick red line). I watching for it to drop back down and find support off the thick red line and then move up.

My only concern is I am bullish USDCAD (not immediately but in the next little while) and I usually see them move opposite directions. But I would not be surprised to see USDCAD drop down a bit to get some strength before moving up. I have been burned trying to pre-empt this one

Nicola
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy daily.gif Size: 17 KB
  • #635
  • Mar 18, 2009 7:25am Mar 18, 2009 7:25am
Quoting Swami S
Hi Dan,
You are not seeing the 100 or so pip...
Hi Swami, i think you may have misunderstood my post. I don't have my charts infront of me at the moment but i meant to say that if the price can find support around its current level, then the opportunity is there to go long with a target of 79.47.
  • #636
  • Mar 18, 2009 7:27am Mar 18, 2009 7:27am
Agreed Loonie is the key but despite the trend I am entertaining the possibility of a breakout short.
GBP CHF's doing it again
What was the carry is failing now so probably loonie going up and cancelling this cj for now.
Fact is this unsustainable world is going to hell in a basket and its just perfect.
GOD IS NOT SHORT OF CASH
  • #637
  • Mar 18, 2009 7:28am Mar 18, 2009 7:28am
Quoting AstonDan
Hi Swami, i think you may have misunderstood my post. I don't have my charts infront of me at the moment but i meant to say that if the price can find support around its current level, then the opportunity is there to go long with a target of 79.47.

Cool same hymn sheet then

Funky Afro blues.
GOD IS NOT SHORT OF CASH
  • #638
  • Mar 18, 2009 7:48am Mar 18, 2009 7:48am
Quoting geoffrod
Well Strat, what i think when i see that picture is, isn't it amazing how price has fallen thru the s/r levels then bounces off the next till it builds enough momentum to fall thru again, or like the train analogy, the train falls out of the station and motors to the next where it waits to fill up with passengers, then off it goes again to the next station, and so on and so forth until it has had enough of going in that direction i suppose, or it has enough passengers that want to go the other way and i guess it will then change direction?????...
Congratulations, geoffrod, you are seeing price action at support and resistance!
15 YEARS OF PASR ON FOREX FACTORY!
  • #639
  • Mar 18, 2009 7:53am Mar 18, 2009 7:53am
Quoting reddog19
Hi Strat,
Are you saying that I can weed out a lot of the weekly S/R lines by using a monthly filter?
It stands to reason that a monthly S/R line will also qualify as a weekly one.
Here is absolute proof that you do not read, absorb and understand what I write. I'm beginning to think I'm wasting my time.

Please go back and read my post on Timeframes where, if you had read and understood, you would not have asked this question.

This is not just for reddog19 but all you others who do not read, absorb and understand.
15 YEARS OF PASR ON FOREX FACTORY!
  • #640
  • Mar 18, 2009 7:54am Mar 18, 2009 7:54am
I am starting to think there is something to this Fib levels and major support and resistance.
A light came on (although at the end of the tunnel), thanks Strat!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf daily.gif Size: 17 KB
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