DislikedConfluences of FR + PPZ + BRN 96/96.5 + 150EMA. Touch trade possibility?Ignored
meine augen sind die sterne
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedConfluences of FR + PPZ + BRN 96/96.5 + 150EMA. Touch trade possibility?Ignored
Dislikedeur/gbp
beob. but coming in a nice support-zone with fib, minor rn and s/r.
will take a look for a long on h4 or d1 at around 0.8850.Ignored
Dislikedyour fibs are not correct (at least for the validation of your setup). you are using fib retracements. therefore only the fibs for the last swing and his retracement are important.Ignored
Dislikedyes, i like it.
just one comment (and this time not about your fibs :-) ):
here , divergence is not valid before we see an upbar in the macd-histogramm. because the price can still continue to fall adn therefore the macd-histogramm can fall below the previous low.Ignored
Dislikednegative. because in a sideways market. no swing. and coming into a support-area and around 86.20.
note that the fibs are for a retracement of the current move. the 61.8 you mentioned is the fib for the uptrend since april 2011 (pic1). there the pair found resistance and retraced. it is not valid for a pullback of the shorter downtrend.
for the current move (here this week) take a look at the second pic. you can enter here at the 50, 61.8, up to you.Ignored
Dislikedyes, i like it.
just one comment (and this time not about your fibs :-) ):
here , divergence is not valid before we see an upbar in the macd-histogramm. because the price can still continue to fall adn therefore the macd-histogramm can fall below the previous low.Ignored
DislikedHey vinayn, I am cautious of a short here. The 61 fib and close above the 8850 kinda supports a retracement back higher IMO. If you played the BEOB short it would be more of a continuation play since its in the middle of a bearish move. The 8850 is a ppz so I'd be cautious putting an order right there hoping that support becomes resistance. Hope that makes sense. If I played this as a continuation short i would have wanted to see a close below 8850.
Edit: On the weekly I see a two week pin bar. If I were shorting this pair I would do it from the...Ignored
DislikedHello All,
This is my first post ever so please bear with me.
Firstly I would just like to say how good this thread is and the quality of information that is provided is excellent, so many thanks for that as I am learning a great deal.
[color=black][font=Verdana]I have been demo trading the J16 method for about a month now (on daily only) and so far doing well as I have no losers (which is unbelievable), however at...Ignored
Disliked...
Please comment on the daily long setup considering the weekly PB.
Many thanks.
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DislikedIn fact, I am short on AUDJPY based on H4. I am currently in negative.. but I think it will eventually hits 85 area.Ignored
Dislikedsame trade(because it makes sense, not technical - the weekly pinbar is pathetic); wanted to add another half at 87, but probably I'll stick to half a position on aud/usd I still have... since it gapped down(though it should fill, but probably won't reach 87).
target 85(could be 84.3 with part of it, but probably I'll unload all at 85 - loaded 1st half at 86.6).
sl(if I'd have hard sl) would probably be 88 or 88.7. I'll start "evasive manouvres" at 88 to get out.
regarding chf/jpy - 96.5 was a tested value 10 years ago too. 96.5 should...Ignored
DislikedThis I find interesting; gbpcad daily BUOB at swing low.
Very close FTA at base of previous PB. Maybe we'll get to 1.5600?Ignored
DislikedAre you shroting based on weekly or you already shorted based on weekly ?
I believe 86.90 or 87 is a level to watch on H4.Ignored
Dislikedshorted aud/usd and I want to switch to aud/jpy after nfp(the idea is the same, but, well, bad nfp still isn't exactly usd supportive so I'd prefer jpy - chf still seems overbid and eur/chf might be a time bomb - and when ppl. will stampede out from that chf will drop hard across the board).
Generally, because I think Bernanke does an excellent job given the overall utterly pathetic US econ. and the levers they have and since QE3 doesn't make sense, there won't be a QE3. So commodities will drop; and ppl. are still pricing many QEs - much like...Ignored