someones dumping yen, check out those moves
james16 Chart Thread
- #75,483
- Sep 24, 2010 12:12am Sep 24, 2010 12:12am
I've been reading this thread and strats thread. I keep reading people talking about pasr, but I still haven't found a post that shows or explains what it is? Could someone pm me or post here what it is?
I'm not trying to be lazy, but I want to learn to see how you guys find your support and resistance so I can start practicing. I've been reading the forums for hours and can't find it anywhereTHansk for your time!!!
joe
- Open a Monthly chart on any pair & Switch to the Line chart
- Zoom out as far as you can & Go back in history as far as you can
- Start looking for all the major areas where price has made a DRAMATIC reversal
- Note the CLOSING price by Drawing a horizontal line along that price point
- Wait for price to meet those price points and wait for confirmation that the S/R lines you have drawn have either held or failed; if it fails wait till price meets the next S/R line and wait for confirmation - wash and repeat until you find the S/R that does appear to hold
- Trade the trend (Monthly - Weekly - Daily - in that order)
- Trade based on price action around the Daily - 4hr chart
- Stops below/above next S/R line
- #75,486
- Sep 24, 2010 4:53am Sep 24, 2010 4:53am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Relate to this a good bit
thanks for sharing!
- #75,487
- Sep 24, 2010 5:16am Sep 24, 2010 5:16am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
20???http://cdn.forexfactory.com/images/s...m/surprise.gif . . . http://cdn.forexfactory.com/images/s...m/thumbsup.gif . . . keep progressing like the way you've been going and you'll always be a "Sir" to me. . . http://cdn.forexfactory.com/images/s.../yim/happy.gif
The Daily PPZ level, 133.00 on the Eur/Usd, looks to be turning in to Support again. Very clear PPZ level.
Moving down to lower times frames, this is a good bit of info to know.
On the 4 hour I see your looking for some other confluences to fit that 133.00 PPZ level which broke previous Resistance (early Aug) and now could be turning into Support. The stronger the confluence that would support that level to go long . . the better.
The 4 hour PB is a bit small but as a locational trade not to bad. . . it did hit its target or FTA. . .tight...
The 1.33 is indeed a very good ppz area. I had it marked on my chart since this post .
About that EU trade. I managed to close one position at BE. And the other, i closed 1/2 at 1.3377 for about 60 pips profit and then i moved stops to BE. The second half was then closed at BE when the price went back down, i suspect because of the good news for USD regarding the housing.
Heading Up North (that's Up State to you Mike . .lol) for my anual late season golf outing ..
http://www.treetops.com/
see ya Sunday night.
Jim
I played mini golf here, once with my family when i was about fifteen. We had a lot of fun.
- #75,492
- Sep 24, 2010 5:47am Sep 24, 2010 5:47am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
....
I played mini golf here, once with my family when i was about fifteen. We had a lot of fun.
i only had a chance to try golf at something like this
http://image.made-in-china.com/4f0j0...il-PMP2AH-.jpg
- #75,493
- Sep 24, 2010 5:50am Sep 24, 2010 5:50am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
he must be a programmer or something, heheh
- #75,494
- Sep 24, 2010 5:52am Sep 24, 2010 5:52am
it looks like a flowchart.
he must be a programmer or something, heheh
One Mind, Any Market
- #75,496
- Sep 24, 2010 6:23am Sep 24, 2010 6:23am
- Joined Feb 2009 | Status: kiki soso largyalo | 2,243 Posts
Update;
ISCA- Triggered and Target Hit
ISTA -Not yet triggered
NBO - Triggered and in a small profit
hope to see some more stock-charts in the future.
meine augen sind die sterne
u are lucky.
i only had a chance to try golf at something like this
http://image.made-in-china.com/4f0j0...il-PMP2AH-.jpg
we should then someday all go to play golf on a real golf course 
- #75,500
- Sep 24, 2010 6:59am Sep 24, 2010 6:59am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
great!
hope to see some more stock-charts in the future.
New stocks
....
anyone know how many global stocks there are?
# of futures instruments?
# of options instruments?
(with or without proof/references)
Thanks!