Anyone currently watching this gbpjpy 4 hr? It looks like it's set up to make a run down to the 150.50 area, but I don't see any "trigger," so to speak, other than the fact that the trend has been down. Am I missing something, or is this just one of those times where I'd be shotgunning?
james16 Chart Thread
- #43,002
- Sep 3, 2009 1:41pm Sep 3, 2009 1:41pm
Anyone currently watching this gbpjpy 4 hr? It looks like it's set up to make a run down to the 150.50 area, but I don't see any "trigger," so to speak, other than the fact that the trend has been down. Am I missing something, or is this just one of those times where I'd be shotgunning?
There is a famous say for Seekinglight:
"NO PA = NO trade".
Take care
- #43,003
- Sep 3, 2009 2:01pm Sep 3, 2009 2:01pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
I guess I should read more before I post.
'more' charts, more 'confluence'
- #43,004
- Sep 3, 2009 2:17pm Sep 3, 2009 2:17pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Just wanted to make it clear - I AM NOT TRADING WITH THE SAME THOUGHT PROCESS AS MOST OF THE SENIORS. take that into account. If what I am doing is wrong - I think I will be able to notice it and change it. But now I do very good.
(Not directly to you Joel buddyhave a great day bro).
Ben
We understand Ben. We like showing PA setups that have a higher probability of following through to the next level of S/R; i.e., swing highs/lows, less traffic, size compared to previous bars, etc.
What your doing is fantastic brother.
And is no way near the wrong way of trading. Its very smart with reasons to back it up. So, don't stop posting those great charts like the last one. The seniors love 'em!
(Well, at least this one does. )Jim
Indicators show the past. Price Action "Indicates" the future.
- #43,005
- Sep 3, 2009 2:19pm Sep 3, 2009 2:19pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Helps a lot and thanks. Do you have any posts where I can study some A++ setups?
read, view, review all james16, mbqb11, jarroo's posts/charts. their charts are clean, & easy to read.
if u still want more, do the same with posts of other seniors here. u'll definitely learn a lot from just 1 or all of them.
- #43,006
- Sep 3, 2009 2:30pm Sep 3, 2009 2:30pm
We understand Ben. We like showing PA setups that have a higher probability of following through to the next level of S/R; i.e., swing highs/lows, less traffic, size compared to previous bars, etc.
What your doing is fantastic brother.
So, don't stop posting those great charts like the last one. The seniors love 'em!
Jim
Ben
- #43,008
- Sep 3, 2009 3:01pm Sep 3, 2009 3:01pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
CHARTS
The Raczman would be very proud. lol
Would you look for lower time frame PA to help confirm your position? There's some bullish PBs down there.
I think I answered my own question.
Thanks Jim
Indicators show the past. Price Action "Indicates" the future.
- #43,009
- Sep 3, 2009 3:08pm Sep 3, 2009 3:08pm
The Raczman would be very proud. lol
Would you look for lower time frame PA to help confirm your position? There's some bullish PBs down there.
I think I answered my own question.
Thanks Jim
whoop there it iss
1 & 4hr pb
- #43,010
- Sep 3, 2009 3:13pm Sep 3, 2009 3:13pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
whoop there it iss
1 & 4hr pb
Indicators show the past. Price Action "Indicates" the future.
- #43,012
- Sep 3, 2009 3:48pm Sep 3, 2009 3:48pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
the latest 4hr...
30 mins till close.. looking interesting.. Jim
Indicators show the past. Price Action "Indicates" the future.
- #43,013
- Sep 3, 2009 4:13pm Sep 3, 2009 4:13pm
That will be the close for the Daily too, right? I'm sure Jim is looking for a nice close above the 93.25ish for a Daily BUOB. And so would we.
Couldn't we take 4hr PA to jump on board??
Of course something other than this bearish pin at the moment.
- #43,015
- Sep 3, 2009 4:16pm Sep 3, 2009 4:16pm
the latest 4hr...
30 mins till close.. looking interesting.. Jim
i saw the pin off 92 round no but i wasnt convinced by the small size (poodle)... & now this pin with the 4hr trend of trendline telling me to short to retest 92 but ill watch and see how it plays out....
watching the daily chart, next week should be interested....looks ready to breakout
Simplicity is the key to success
- #43,018
- Edited 4:56pm Sep 3, 2009 4:37pm | Edited 4:56pm
Great post.
Not sure...but I have the feeling it is a bit referring to me also (even if you didn't thought about me).
Despite what you seem to think, people could do alot worse than emulate your style
Nothing C grade about any of your setups Benji.
I noticed the same thing as Joel, and it had nothing to do with you. Yours are clean and obvious and you're an example in keeping it simple.
JOEL - BTW - I am planning a 3 continent, World Tour soon for my job. Sydney is on the itinerary ... we need to chat over a couple cold ones.
When you have to shoot, shoot. Dont talk.
- #43,020
- Sep 3, 2009 5:02pm Sep 3, 2009 5:02pm
- Joined Jun 2006 | Status: Vivere! | 1,034 Posts
I'm pretty much done with all this ...