james16 Chart Thread
its weekend, just playing around with my charts
please dont pay any attention to me
have a couple more scenarios
Don't be surprised if that line gets one more bounce as support. I really hope it breaks nicely/clearly and gives me a chance to take it short if it does break south. Just a really good breakout pattern on long term chart with a trendline I can gurantee a LOT of traders are going to be acting on. It is just extremely nice.
That's Dan "Breakout" Gilbert!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It has been a while since I have seen such good breakout opportunities accross a couple pairs. Nice nice stuff. waiting for retracements/waiting for breaks makes me antsy
Hey jon.
Let's back up a bit. Fib levels, 50% Ret., EMAs, RNs, Trendlines, Divergence, etc., all have their unique trading tool characteristic by themselves. But we don't use them by themselves. We use them as a confluencing tool. They hold little or no strength when used alone (imo).
But when they are confluencing with a major or minor PPZ level or even a S or R level, they gain much more strength. And the more of them the merrier.
I do look at fib levels/50% ret. levels as zones, not as an exact horizontal line. I'm still learning that...
lol i came to the decision i was jus over complicating things and pointless (pretty much)things at that! so i reverted back to my old view, which is to jus keep it in perspective with everything else, and if i feel its too narrow a range i will jus ignore it! K.I.S.S.
hi all, i was reading Thomas N bulkowski's book and i came across this reversal pattern called horn. dont know if anyone has read his book but just want to clearify if the chart below is worth calling horns. happy weekend
is there a more strict criteria than you have shown, maybe the second bar has to be red on a swing high and visa versa for a swing low?? i suppose the higher and more prominant the horns the better the signal??not seen that one, looks interesting.
thanx in advance
jon
Two upward or downward price spikes separated by a bar on the chart for swing high and swing low respectively.And the horn highs should be well above the surrounding highs and the best performing reversals appear at the
end of a long ptrend or downtrend as the case may be. hope this helps
Two upward or downward price spikes separated by a bar on the chart for swing high and swing low respectively.And the horn highs should be well above the surrounding highs and the best performing reversals appear at the
end of a long uptrend or downtrend as the case may be. hope this helps
something ill be keeping my eye on and researching a little me thinks...urchman, go and sleep.... It's almost 2am lol
Urchman, go and sleep …lol
it's almost 2am
EDIT: it may be worth noting that he does say it is a weekly signal, or at least that is the best performing TF. Lower TFs would need plenty of back testing etc.
Anybody looking at USD/JPN?
I see a false breakeout off the 90,85 and a rejection of the nice round 91,00 level. Possible entry just below the low of the friday's candle, stop loss around 91,05 with a posiible TP at 88,50 lvl.
ps. Thank you all for sharing charts, they all are very helpful
