DislikedHey KissFan,
I see the channel. But why Price should break down in the end, not up?
I would prefer upIgnored
K.I.S.S.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHey KissFan,
I see the channel. But why Price should break down in the end, not up?
I would prefer upIgnored
DislikedDoes anyone know what happened to this woman - it would be nice to know that she turned up safe and well.Ignored
DislikedHappy new year guys!
This will be my first post in forex factory. I have been reading and learning from this thread since september last year. All I can say is that you guys are awesome!! It is hard to believe that you guys actually shared all your invaluable findings and experiences with everyone on the internet, for free!! GREAT JOB guys!! THANK YOU!
I hope I can join you so that I can improve my trading skills. I have been paper trading for some time and decided to go live recently, with a small capital.
I have noticed the daily pin bar nose...Ignored
DislikedHi torontoboy,
I have only read Pring on Price patterns and it is excellent imho. It covers all the support and restisstance an patterns including pin bars etc. He also talks about confluence, almost required reading for this stuff.
ChrisIgnored
DislikedHey Icy
Welcome to the thread and happy new year too you too
That is not a pinbar that we would trade....Ignored
DislikedHey Mike, do you trade gaps. i saw small one so traded it for some quick profit . got out at .3360 as thats ppz i have drawn from daily-4hr tf.Ignored
DislikedHey D
Yes I do trade gaps, not as actively(like much of my trading used to be). I like for more obvious larger gaps and trade them from a very conservative standpoint that is much more discretionary then the bulk of my trading.
Best
MikeIgnored
DislikedIt might very well break to the upside. 1.3734 is a historically attractive PPZ and price could break out of the channel to get there. I was surprised by the enthusiasm by buyers last week so certainly anything is possible. My bigger picture view is bearish on this pair so I am looking for a top and will have to be patient. I cant help but think that the monthly BEOB printed in November is going to prove valid and then we will set a course for the August 2010 lows once again.
K.I.S.S.Ignored
Dislikedhey KissFan, ows things?, i agree, i think if we get above 135.00 we could see some more upside,ii think around 137.00 also, i think 132.00 might be on the cards though if it goes south? i also see bearish div.forming on the daily..
jonIgnored
DislikedWhy I liked it so much? . . .No, it wasn't the pencil/lead thing. It was this part on your analysis on the Weekly. . .(Your chart).
You noticed the clear level of Support, "Almost three bar lows". And I believe you saw that the preceeding bars did not close below this clear Support level (although you didn't note them).
Then Price Breaks Through and Closed Below and turned that level , 1.3425ish, into Resistance. . . . beautiful. That's what made it wall art worthy. Oh yeah, your an artist . .that...Ignored
DislikedThanks Jaroo, I have been practicing this art over the hols.
Here is a quick video of a similar area I found on AUD/JPY which looks to be current. I will delete the video once you have seen it.
EDIT: That BUEOB also has TL confluehce.
which I forgot....Doh...
http://www.youtube.com/watch?v=lE0HV8VT33Y
http://www.youtube.com/watch?v=lE0HV8VT33Y
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DislikedIgnored