Nice monthly PB on GBP/NZD at almost a DB at 20.3000
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james16 Chart Thread
- #83,383
- Edited 3:12am Dec 22, 2010 2:49am | Edited 3:12am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #83,384
- Dec 22, 2010 3:02am Dec 22, 2010 3:02am
- Joined Feb 2008 | Status: sucker for punishment | 2,444 Posts
To My Liberal Friends:
Please accept with no obligation, implied or implicit, my best wishes for an environmentally conscious, socially responsible, low-stress, non-addictive, gender-neutral celebration of the winter solstice holiday, practiced within the most enjoyable traditions of the religious persuasion of your choice, or secular practices of your choice, with respect for the religious/secular persuasion and/or traditions of others, or their choice not to practice religious or secular traditions at all. I also wish you a fiscally successful,...
im a little offended that you didnt mention the Nuns Appreciation Foundation!!! Always worth talking about NAF!!!
happy Christmas. to yourself and yours. and everyone else here!
...lets hope its a fruitful one..
jon
PATIENCE... DISCIPLINE
- #83,385
- Dec 22, 2010 3:03am Dec 22, 2010 3:03am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Nice monthly PB on GBP/NZD at almost a DB at 2.3000
to me, it looks like 2.08 will turn into resistance soon.
possibly want to revisit/breach 2.03 - 2.05 area.
let's see..
- #83,386
- Dec 22, 2010 3:04am Dec 22, 2010 3:04am
- Joined Feb 2008 | Status: sucker for punishment | 2,444 Posts
On the plus side, it would be hard to throw away all your profits on fast cars and loose women.
On the minus... it would be hard to throw away all your profits on fast cars and loose women
PATIENCE... DISCIPLINE
- #83,387
- Dec 22, 2010 3:20am Dec 22, 2010 3:20am
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
this time, if GU can hold on under 5460, the next target may be 1.5400 ,or even 1.5350 . expectation. 
A chart helps those who can read it.
- #83,389
- Dec 22, 2010 3:25am Dec 22, 2010 3:25am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
this time, if GU can hold on under 5460, the next target may be 1.5400 ,or even 1.5350 . expectation.
imho, 1.5400 must hold as support or else price risk revisiting 1.49 - 1.50, then 1.42 - 1.44 area, next year, the latter area maybe around late january to mid-March .
let's see
i think 2.08 already did prove its resistence on the last 4hr bearish pinbar.
daily/weekly close below 2.07 or 2.08 would be great.
let's see what price does
- #83,391
- Dec 22, 2010 3:31am Dec 22, 2010 3:31am
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
next year, the latter area maybe around late january to mid-March .
A chart helps those who can read it.
- #83,392
- Dec 22, 2010 3:33am Dec 22, 2010 3:33am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Actually, It just jumped out at me without thinking too much about it....
great man!. i can not see so long. http://cdn.forexfactory.com/images/s...m/thumbsup.gif
just practicing 'future price reading'.
- #83,393
- Dec 22, 2010 3:38am Dec 22, 2010 3:38am
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
to me, it looks like 2.08 will turn into resistance soon.
possibly want to revisit/breach 2.03 - 2.05 area.
let's see..
Any bullish PA is going to have to be large and close above that 2.0800 ish area.
- #83,394
- Dec 22, 2010 3:41am Dec 22, 2010 3:41am
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
Interesting level on the Usd/Chf, .9450-40. Strong Support level.
9400 the round number ,can give it some supports ? i am not sure. but i am sure "never attempt to catch a falling dagger. " .i am waiting .
A chart helps those who can read it.
- #83,395
- Dec 22, 2010 3:43am Dec 22, 2010 3:43am
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
to me, that is a very good sign, Steve.
.
Thanks SC.
It is due to all the kind support from you guys.
You have all been there and done it, I am sure.
We really have to do the hard work ourselves and spinning our wheels can sometimes be a good thing, once we are tired of getting nowhere and decide, that we must simplify our thought.
- #83,396
- Edited 4:42am Dec 22, 2010 4:27am | Edited 4:42am
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
damn!!!
the pin bar on 1h. it seem not good .however , stop lose@ 9498(9500). the round number .
the pin bar on 1h. it seem not good .however , stop lose@ 9498(9500). the round number .
A chart helps those who can read it.
- #83,397
- Edited 4:56am Dec 22, 2010 4:42am | Edited 4:56am
damn!!!
the pin bar on 1h. it sems not good .however , stop lose@ 9498(9500). the round number .
Pinbar didn't break. Downtrend. For me it is a simple pass. 9500 BRN will give us probably support. An SL of 9498 is in my opinion to close to the BRN. I will always set the SL to 9485/9490 in this case.
If you trade the close of the pin, the FTA will be the high of the pin and the low of the second candle before the pin.
FTA (if the pin breaks) will be 0.9560 in my opinion.
However, i am also still a newbie
Maybe the seniors have an better explanation, but this is how i see it at the moment. Still learning
- #83,398
- Dec 22, 2010 5:09am Dec 22, 2010 5:09am
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
![Click to Enlarge
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Size: 291 KB](/attachment/image/603001/thumbnail?d=1365665906)
A chart helps those who can read it.
- #83,399
- Dec 22, 2010 5:23am Dec 22, 2010 5:23am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Hee Gen,
Pinbar didn't break. Downtrend. For me it is a simple pass. 9500 BRN will give us probably support. An SL of 9498 is in my opinion to close to the BRN. I will always set the SL to 9485/9490 in this case.
If you trade the close of the pin, the FTA will be the high of the pin and the low of the second candle before the pin.
FTA (if the pin breaks) will be 0.9560 in my opinion.
However, i am also still a newbie
Maybe the seniors have an better explanation, but this is how i see it at the moment. Still learning
One of the biggest first mistakes of new Price action traders(that we all make) is trying to turn a strong trend with a small so-so pinbar. These pinbars will more times not work out or only go to the very very first trouble area, before getting rolled over by the strong trend.
Mike
- #83,400
- Dec 22, 2010 5:31am Dec 22, 2010 5:31am
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
Nicely thought out Thierry
One of the biggest first mistakes of new Price action traders(that we all make) is trying to turn a strong trend with a small so-so pinbar. These pinbars will more times not work out or only go to the very very first trouble area, before getting rolled over by the strong trend.
Mike
A chart helps those who can read it.