Hey rac,
Looks familiar, making sense?
THANK YOU
I noticed you had alerts/email on your screen could you point me in the right direction on where I can get those.
Thank you
james16 Chart Thread
- #47,345
- Nov 1, 2009 2:19pm Nov 1, 2009 2:19pm
a few guys on here in the past have posted up all of jim,mikes and racs posts from the past. first 2000 or so pages. I went through all of jims again on the wkend and it has cleared my mind alot.
i would give credit to the people or person who put this all together but i cant remember. whoever u r thanks !
i would give credit to the people or person who put this all together but i cant remember. whoever u r thanks !
- #47,350
- Nov 1, 2009 3:49pm Nov 1, 2009 3:49pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
yeh definatly. Would you trade based on the monthly chart now? or do you still trade based on a daily chart but the monthly is just added confluence now?
how do you go about this?
thanks
Best
Mike
- #47,352
- Nov 1, 2009 5:06pm Nov 1, 2009 5:06pm
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
Many choose unhappiness over uncertainty.
- #47,353
- Nov 1, 2009 5:12pm Nov 1, 2009 5:12pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Does this include all markets (including the dow which has also formed a monthly pin...) are we about to re-run Oct 08 during Nov 09?
I don't trade the Dow, but if it follows the yen pairs like it tends to then we could see some more bearish action there. But it doesn't quite look as bearish as some of the yen pairs do
I will let raczefx make those comments though
Mike
- #47,354
- Nov 1, 2009 6:41pm Nov 1, 2009 6:41pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Hi Jaroo
Sorry - really history now but apologies didn't explain myself - Looking at weekly chart I thought the up trend from around 2 August supported weekly pin (last week) and was a continuation of general up trend. New to Forum so just getting the hang of things
Clearly not now as right eye never formed (the prior BEOB better signal?) and in fact now looking like BEOB - I think?
BTW - interesting PA on a number of dailys do you think? - pins forming on GBP/CHF and EU/GBP(although weekly forming BEOB). Also BEOB on USD/CHF and BUOB on EU/USD....
I guess my concern was that you didn't have any PPZ levels on your chart, so my mind tends to wonder around a chart looking for them. Mapping out PPZ levels really makes a chart make sense to me.
The Weekly Eur/Gbp Pin Bar that you were eye balling as a continution looked good. But, as you may know, bullish PB are best played at swing Lows, even better at swing Lows with the trend at a retracement. This PB was at a swing High with a very shallow (if any) retracement. Also the big gorrilla in the room, the bigger BEOB at the swing High, just where we like them (yes, a better signal
). No surprise which PA won this battle. Now we have another Weekly BEOB at PPZ level at a big round number, 0.9000. This contuation BEOB I like. I would like to see some bearish PA at a retracement level around the 0.9000-0.9100 but a hard break of this BEOB I will take with tight management.
Target and watch for other PA is the .8800. You got to love the confluence of the .8800: PPZ level, RN and 61.8 fib.
I like the Weekly DBHLC on the Euro. Its a countertrend trade so I will management it accordingly. (if it breaks)
Indicators show the past. Price Action "Indicates" the future.
- #47,355
- Nov 1, 2009 7:13pm Nov 1, 2009 7:13pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Good day guyz
Nothing as sweet as this............ I bet mike(mbqb11) will love this!
perfect and clean pin..... reminds me of the dropping apple as explained in one of the videos.
I wrote in the PF that these are interesting and can certainly be an indication of what is to come. I will be keeping this in the back of my head for sure. Will be interesting too see how these pairs unfold the next few months, could be some pretty decent falls coming
Mike
I'm sure Mike likes the Monthly Cad as well. Should be an interesting couple of months.
Indicators show the past. Price Action "Indicates" the future.
- #47,357
- Nov 1, 2009 7:26pm Nov 1, 2009 7:26pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Lets see if I got it right.....On demo.
if I could know what those wired stocks matter to rac, I would have a better idea I guess
will Jarroo like it (?)
In fact, that move already occurred 2 bars ago lol.
Maybe this will do his trick.
Indicators show the past. Price Action "Indicates" the future.
- #47,358
- Nov 1, 2009 10:03pm Nov 1, 2009 10:03pm
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
a few guys on here in the past have posted up all of jim,mikes and racs posts from the past. first 2000 or so pages. I went through all of jims again on the wkend and it has cleared my mind alot.
i would give credit to the people or person who put this all together but i cant remember. whoever u r thanks !
Safe to say that an addictive personality is an absolute necessity for success as a trader... BRB, reading more
Many choose unhappiness over uncertainty.