Indicators show the past. Price Action "Indicates" the future.
james16 Chart Thread
- #117,381
- Sep 5, 2012 12:45am Sep 5, 2012 12:45am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
- #117,382
- Sep 5, 2012 1:00am Sep 5, 2012 1:00am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #117,383
- Sep 5, 2012 1:19am Sep 5, 2012 1:19am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Hey brzvadeg . rememeber chart 3 from this post?
I cleaned it up a bit to show you how reactive the LCS levels can be when the pair has her mind set on trending up.
BRN 1.2500 . .the ATR could be tighter . .Bam??? we'll see . .
Indicators show the past. Price Action "Indicates" the future.
- #117,384
- Sep 5, 2012 3:49am Sep 5, 2012 3:49am
BRN 1.2500 . .the ATR could be tighter . .Bam??? we'll see . .
2500 BRN have made a support now pullish pinbar is forming on daily
what do you think ?
Investing is SIMPLE but NOT EASY
- #117,385
- Edited 4:01am Sep 5, 2012 3:50am | Edited 4:01am
- | Joined Oct 2010 | Status: Trader | 160 Posts
BRN 1.2500 . .the ATR could be tighter . .Bam??? we'll see . .
u was right sir. here are the USDX current screenshots, in which the price is hitting right at the HCR Level.
Price Is The Best Indicator Itself.
Hi,
Don't know where I get it from, but here it is... (hope there is no thread infrengement or whatsoever...)
I tried to change the time to next candle from xxx seconds to hh:min:sec, wihtout success - if anyone feels comfortable changing that...
enjoy
Good luck trading !
I don't need easy. I just need possible.
What i see is this. I think it's more likely price will drop than break above and turn.
Rising Wedge in a downtrend, close to a Descending TL and HCR level (resistance).
I don't need easy. I just need possible.
We have some nice possible setups for pbt...
eurcad - i like this a lot - we can clearly se that price is reacting to it...
nzdchf - we can't be sure close yet, but if we get - it will be nice..
audusd - we have lvls "near but far" (30 pips, yellow and blue). Price is below one, but stopped for now at second (blue) - Setups like this can be problematic - we will se if we get close below blue...if we get that, we can put sell on blue, and sl above yellow..
eurnzd - basically this same like nzdchf, but if you rather buy than sell...
gbpaud - this is nice one - if we would get close now - it would be strong one...
eurcad - i like this a lot - we can clearly se that price is reacting to it...
nzdchf - we can't be sure close yet, but if we get - it will be nice..
audusd - we have lvls "near but far" (30 pips, yellow and blue). Price is below one, but stopped for now at second (blue) - Setups like this can be problematic - we will se if we get close below blue...if we get that, we can put sell on blue, and sl above yellow..
eurnzd - basically this same like nzdchf, but if you rather buy than sell...
gbpaud - this is nice one - if we would get close now - it would be strong one...
Well it looks like GBPAUD is probably going to close above the HCR but how do you guys deal with the gap below?
Also I'm not a big fib user but the 68.2% is hard to ignore. Do you look at these things before putting orders in?
I'll move me sl to be, before this fib resistance, on pink I think
I can see that price reacts to 1.56 so it will be good place...I don't really look at fibs now...
- #117,391
- Sep 5, 2012 6:19am Sep 5, 2012 6:19am
Nice PBT & CA on EURAUD - currently +270 pips
It has a big level on the charts now, lets see if it close above this 1.2345 level.
But it's a case of moving stops up to protect gains, but equally allow this time to run - but this level, I feel may be critical...
Trade2 is NZDJPY, +21 pips - risk free, but not feeling the love with this one.
Perhaps it will return to test the level I entered?
In an event, I am having a lot of fun with the PBT method.
It has a big level on the charts now, lets see if it close above this 1.2345 level.
But it's a case of moving stops up to protect gains, but equally allow this time to run - but this level, I feel may be critical...
Trade2 is NZDJPY, +21 pips - risk free, but not feeling the love with this one.
Perhaps it will return to test the level I entered?
In an event, I am having a lot of fun with the PBT method.
- #117,392
- Sep 5, 2012 6:32am Sep 5, 2012 6:32am
We have some nice possible setups for pbt...
eurcad - i like this a lot - we can clearly se that price is reacting to it...
nzdchf - we can't be sure close yet, but if we get - it will be nice..
audusd - we have lvls "near but far" (30 pips, yellow and blue). Price is below one, but stopped for now at second (blue) - Setups like this can be problematic - we will se if we get close below blue...if we get that, we can put sell on blue, and sl above yellow..
eurnzd - basically this same like nzdchf, but if you rather buy than sell...
gbpaud -...
- #117,399
- Sep 5, 2012 8:05am Sep 5, 2012 8:05am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Hey Moly
Here is the setup I am waiting for IF it materializes.
Notice we have fading momentum of price to the upside. Also noted by the "squeeze"
Now this doesn't mean price HAS to go down BUT if it gets back to the BRN of 1.25 which it feels like it wants too and can get under this area we could get back to the last swing low. I will watch for a breakout accordingly around this area.
This is a highly confluenced area. This is what we want to look for
Best
Mike
