QuoteDislikeddaily, weekly seem to be bearish though.
looking at the weekly chart, 88.50-92.50 sort of encompasses a "range" & double bottom
Where can I learn more about Price Action like those in James16 charts? 9 replies
QuoteDislikeddaily, weekly seem to be bearish though.
DislikedYes, believe it or not, I am looking at the short side of the Yen as risk aversion flows desist. It's a matter of having a view and waiting for supportive PA. Besides, I don't want to chase the other markets at this stage. From a practical standpoint, I do see 94.50 as a rather critical area.Ignored
QuoteDislikedFrom a practical standpoint, I do see 94.50 as a rather critical area.
QuoteDisliked94.50 made a whole lot of sense.
DislikedOkay J. The daily candle didnt close where i expected. So no more bearish bias. My 4hr system also didnt signal short. What i see now is a Two bar high(not consecutive), a TBH(consecutive but 5pips apart)on the daily and a BUOVB on the weekly both seem to be breaking up. i am long off 152 wit stop at 149 where i have a confluence of supports like daily 150ema, ppz and round number 150. These gave a good entry long on the 4hr chart.
Im hoping todays daily dosnt end as a pinbar.Ignored
Dislikedfolks,
What about EUR/GBP ?
PPZ below (red rect)
I found, daily ib broke up, yesterday .
Is this worth to buy ?
I see you all search pin bar, what about BUB and BEB ?
If it's crossed PPZ in daily ru consider it too ? (eg. GU)
Thank you
Ignored
QuoteDislikedWe do look for Inside Bars (as with other PA formations) at swing Highs/Lows. But that is only part of the story. Do we have supportive confluence with the setup? What are we trading into i.e. support, resistence, PPZ levels, round numbers.
The Eur/Gbp IB was at swing low and off a strong PPZ level, .8650. All good. Now what are we heading that may gives us trouble? The .8800 sure was the level for us to . . . . .
James16:
THIS IS CRITICAL.
WE MUST LEARN TO:...........
DislikedEphisi,
Congratulations, doing really great
like i said j16 + Aus =Ignored
DislikedThanks bro. Watching out for a daily PA set up for short. We have lots of conflunces betewwn 156 and 160. Till then im still long. No one knows, we may go higher towards 160.Ignored
QuoteDislikedWe may test the 61.8 at the PPZ level of 179.50.
DislikedThanks buddy, its so much quiet in here compared to Auslancos thread. I feel at home. I have gotten all i need from the Aus thread. lol
ill go look up 179.50 ppz on my chartIgnored
QuoteDislikedThanks buddy, its so much quiet in here compared to Auslancos thread. I feel at home. I have gotten all i need from the Aus thread. lol
DislikedHi all,
after some days of rest and relax (i got burned on audusd few days ago) i think that now i'm ready to come back on the market. After my 3 profitable months on demo, i understood that going live is very different
Now..
GbpChf is at a critical level i think: 1.75 is a strong PPZ...i'm waiting for some PA that tells me what to do!
And AudUsd has literally burned the hystorical PPZ at 0.88, let's see if this level will turn into support or will do his job as resistance...Ignored