DislikedDoes anyone else's NZDCHF feed look like this? This is the H1 and M5 chart. Every wick is 48-50 pips.Ignored
Best
Mike
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedDoes anyone else's NZDCHF feed look like this? This is the H1 and M5 chart. Every wick is 48-50 pips.Ignored
DislikedI think it's approaching a weekly PPZ here. I'm new so I don't know what you're supposed to do in this situation, but I think I will wait for some price action to develop.Ignored
DislikedThis is a fantastic area to begin to watch for price action. This doesn't mean price has to reverse necessarily but it's likely to turn to resistance or if price gets above it support.
Nice clean chart Slider
MikeIgnored
DislikedGreat to hear you doing that G, while learning EVERYONE should be on daily/weekly as James shows.
Wanted to show this one because of the confluenced level it was breaking and why this is so important
Best
MikeIgnored
DislikedIf you dont know what to do when waiting for trades or simply wanna listen something funny, truth and educaiting about tradeing you should listen The traders podcast with Rob Booker. I downloaded them all and copy to ipod and listening when rideing.
I listend 4 - 13 episods yet and i can really really recommend it.
http://traderspodcast.com/Ignored
DislikedHey Chanya, just wanted to throw my .02 in, but I see this one completely different than you. I would be looking for long PA based on the factors in my picture...
What did you see to go short?Ignored
DislikedTake a look at the monthly and weekly, I would not short into this area.
The daily looks like we have a DBLHC in the making.Ignored
Dislikedhe saw price closing below yellow lvl, so he put pending order and wait for retest...
Personally i didn't like this lvl - price was breaking it to many times recently for me...blue lvl is much better
cheersIgnored
Dislikedlooks great Martin, some nice space, good former resistance. Just be cautious now as we are beginning to run out of space as price hits the FTAs
But very nice simple bar and playIgnored
DislikedDOOOOD massive confluence on AUDNZD!
I posted a chart with pretty much the same thing the other day on NYMEX miNY crude, and price just blew past it. Maybe price will respect all the factors this time...Ignored