Dislikedanyone following the aussie? I need a more indebt analysis. Double high lower close just completed on the 8 hour chart, but there a small sorta pinbar that formed around the 25th on the 8 hour and daily charts.Ignored
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Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedanyone following the aussie? I need a more indebt analysis. Double high lower close just completed on the 8 hour chart, but there a small sorta pinbar that formed around the 25th on the 8 hour and daily charts.Ignored
DislikedIt's effectively a false breakout, which is why I never trade a pure breakout. Nial Fuller just branded it differently.
Pure breakout traders are on the back foot and puke their orders when they see price moving away. That's when you can get a nice Pin Bar or a BEOB/BUOB to lead you the way, usually after some consolidation. It's all here, only in simplified terminologyIgnored
Dislikedanyone following the aussie? I need a more indebt analysis. Double high lower close just completed on the 8 hour chart, but there a small sorta pinbar that formed around the 25th on the 8 hour and daily charts.Ignored
DislikedI'm watching this pair as well. Notice the pinbar you noticed, while small formed at parity....one of the best locations to watch for PA on any chart. There's also a rising trend lined. The DBHLC could be an indicator of a move back down for another test of 1.000. I'm personally going to wait and see if price does comeback to 1.000. On a 4H chart the ppz at 1.000 looks very clean to me.Ignored
DislikedHi guys, I have been reading the contents of this thread (has not read all unfortunately). I have gained a lot from the discussions. Thanks to Jim and the senior members of this thread. Thanks also for those who are contributing. I want to share what I see from the USDNOK pair.
if you see the daily chart of USDNOK (see attachment), you can see clearly that it is forming a Head-and-Shoulder pattern. We also have a resistance at the 6.0500 level which was touched yesterday.
If the price continues to go down today, we might have a bearish IB....Ignored
DislikedYes but somehow the notification doesn't work in my MT4 so I only get the sound alarm and I don't know which chart it is on. There is another alarm indicator which shows notification but doesn't show me which chart it is on duh. To date I have set the interesting charts to be daily and kept the not interesting to weekly. This way I can see in the tabs which ones to look at. Its a crutch though.
RIgnored
DislikedThat has been an AHA moment right here. I finally figured out what those little numbers on the right actually mean. lol. Is parity always 1? If so it only happens on some pairs and not very often right?Ignored
DislikedI've posted a good alarm indy here:
http://www.forexfactory.com/showthre...03#post5792203Ignored
DislikedThanks for the heads up Aser. In on the retrace at 2.800ish, all out at FTA 2.650. It did it's thing, not relying on hope
TIgnored
DislikedI just started playing with Autochartist. It shows emerging patterns which then could be further analysed and checked for confluence.
What you guys think? Is there any consent about http://www.autochartist.com? Any of you using it as a tool to find possible setups? If yes how, if not why not?Ignored
DislikedRight to where we would expect. I wonder who got in on the retrace that would have been nice. If price can close under the FTA , the next area is very likely
James16 stuff pretty coolIgnored
DislikedOn it like a tiger.Could be a longer term move down towards 0.72... A lot of empty space below 0.78!
Ignored