I'll be looking for an authoritative close.
g.
g.
I believe . . .
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikeddoes it honestly get any better then this? Just wish my brokers offered this pairIgnored
Dislikeddoes it honestly get any better then this? Just wish my brokers offered this pairIgnored
Dislikeddoes it honestly get any better then this? Just wish my brokers offered this pairIgnored
DislikedMike,
I passed on this personally. Was staring at it for a while though. On my feed (ibfx) the bar didnt close below previous bar. Would that make you pass personally. I know that it is hard not to be biased after you have seen it taken off.Ignored
Dislikeddoes it honestly get any better then this? Just wish my brokers offered this pairIgnored
DislikedHi mbqb11,
I'm sorry to rain on your parade, but I don't see it. Sure, there is a divergence with the MACD which suggests the pair might drop, but divergence really only indicates a loss of momentum and is not a guarantee of a reversal. The pair may simply consolidate instead before continuing its trek upward. It has also just posted a bullish PB on the 4 hr chart. The divergence with the RSI is not as pronounced as what you see with the MACD. If you look at the 15 min chart, there is a bullish RSI divergence. I also note that the AUD is famous...Ignored
Disliked
My first question: I don't really get why AUDCHF seems so perfect. It shows divergence, a nice BEOB with close under 1.000 and it may be time for a retrace to the TL. But what about the bullish signal on weekly (broke an I4B to the upside and shows BUOB)? Isn't that a similar situation as on GBPCHF 4hr PB that failed yesterday.
...hm, now that I've wrote this analysis, it really looks like a perfect setup to me... Nevertheless curious about your answers...
Thanks a lot
AndreasIgnored
DislikedHey Steve
Our entry would be on the BEOB at the top that closed below the round number. This is an extremely high probability trade, This trade has run well of by now, what it does at this point is not really of concern . I think you are misunderstanding the entry of this trade.
Hope that clear is up
MikeIgnored
DislikedSorry Mike...would you short at the 1.000 BRN or wait for the close of the BEOB...or otherwise ....or which price would you sell?Ignored
DislikedHello,
I am watching GBP/JPY, if the price breaks 145.00 level next week, and retraces to this level for support, that would be great for a long setup. The first target could be 147.00, and 150.00 would be TP2.
I am learning james16 trading style. Comments would be appreciated.
JasonIgnored