DislikedI have 2 TL drawn but primarily I have a strong PPZ (the blue dot line at 1.6215) just below current price.
Just my view
Cheers
GiorgioIgnored
you're a master
Patience is essential
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI have 2 TL drawn but primarily I have a strong PPZ (the blue dot line at 1.6215) just below current price.
Just my view
Cheers
GiorgioIgnored
DislikedPins on AUD/CHF and AUD/EUR (or EUR/AUD if you prefer ) which have noses on the 61.8 Fib.
Anyone thinking of trading these?Ignored
DislikedFollowing PA + S/R confluence is by far the best/safest way of surviving long term in this businessIgnored
DislikedHere goes:
Its an uptrend firstly, then there is the confluence of the uptrend line and the MA and some prior support around this level 1.68 level which is a round number. Add to that its a 50% fib (although I am not quite sure what its based off).
Against it I would say the fact that its been a pretty sideways market since 27th Oct and the one breakout didn't really take hold in that price has retraced back into the range.
Views?Ignored
Dislikedmight be worth looking at the Daily..........before you make a decisionIgnored
DislikedYES, because I am short this pair off the daily two day pin.........
NathanIgnored
DislikedAs I said in the previous post, higher timeframe signals are generally more reliable than lower timeframe signals....Ignored
DislikedForget about what you heard on TV and trade what you see every time, listen to undiluted news and that's it...Ignored
DislikedI just had to post this because (a) I was proud of it and (b) I wanted to say thank you to all the people from James16 onwards who have resolutely made this thread educational, enlightening and friendly.
I wanted to trade this pin:
Attachment ...
A BEOB on the 15 minute chart at a swing high off previous resistance (marked grey area)....Ignored
DislikedPersonaly, I am more bullish on this pair than bearish for now...
As we all know, the more times price touches a trendline, the stronger it is. The daily pin bar is sitting right on this very strong trendline.
Also, I like to see the close of an outside bar closer to it's low (in this case).
If I play the daily pb long, I'll definitely play it tightly.
Just my 2 cents.
Attachment
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DislikedPersonally, I am more bullish on this pair than bearish for now...
As we all know, the more times price touches a trendline, the stronger it is. The daily pin bar is sitting right on this very strong trendline.
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Dislikedvery nice "for a change" chart.
Keep them coming!
imho, generally the more times price touches a trendline, the weaker the trendline becomes, & the more prone it is from breaking.
a trendline or "horizontal trendline" (horizontal S & R) with lesser touches, is stronger than a trendline with more touches.
u can think of it as a hammer pounding on glass. the more times the hammer pounds on the glass, the more prone it is for the glass to break.Ignored
DislikedI don't really use trendlines that much...I've also heard that the steeper trendlines are more prone to failing then those with a gentle slope up. The more time price tests an area, the more likely it won't hold anymore.
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QuoteDisliked...SC you are like the j16 and trading encyclopedia lol..