GBP/CAD
very strong PPZ (look left) and bearish PA on H4
very strong PPZ (look left) and bearish PA on H4
james16 Chart Thread
- #120,721
- Nov 12, 2012 4:20am Nov 12, 2012 4:20am
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
- #120,722
- Nov 12, 2012 4:25am Nov 12, 2012 4:25am
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
actual trades aud usd
- #120,723
- Nov 12, 2012 4:56am Nov 12, 2012 4:56am
Great analysis Rust - great to read your posts with in-depth analysis. Please keep 'em coming.
Ganesh
From time to time my muse kicks in
And last days the market presented some very nice examples.
- #120,724
- Nov 12, 2012 5:01am Nov 12, 2012 5:01am
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
GBP/CHF
failed to break the TL , back in channel now, Friday something like a BEOB...
failed to break the TL , back in channel now, Friday something like a BEOB...
- #120,725
- Nov 12, 2012 5:02am Nov 12, 2012 5:02am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
lol Bull your on it !
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #120,728
- Nov 12, 2012 6:10am Nov 12, 2012 6:10am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #120,729
- Nov 12, 2012 6:24am Nov 12, 2012 6:24am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Hi guys,
Little something I'm looking at:
CADJPY, BEOB off of TL engulfing the whole range of consolidation.
There is a bullish PB on D1. I would expect 80BRN to hold as resistance (~50% ret of BEOB) before a break down.
Any comment?
Chanya, nice to see you passing by!
where are your charts?
A trickier trade since this BEOB is in a sideways market, but this could be the tip off OUT of the consolidation. Selling a break of all those lows or the boxed area and looking for it to hold makes sense but be careful. These can get new traders into trouble because of the lack of space. That's why we stress an emphasis on clear swing points when learning it though.
Notice how price is stuck b/w a rock and a hard place so this makes managing these types of bars in this location more difficult.
Mike
- #120,732
- Nov 12, 2012 6:56am Nov 12, 2012 6:56am
[quote=fxgroup;6185878]
Thanks, both of you!
right, I am aware of the sideway market but I didn't pay attention to the close of the BEOB.
who said that "the holy grail is in the details"??
I am watching this pair also...but..I would have liked to see the BEOB's close bellow the consolidation !
On my chart I have athe 78.80 level so for a short I will wait to see this level acting as resistence.
looks good Pat
A trickier trade since this BEOB is in a sideways market, but this could be the tip off OUT of the consolidation. Selling a break of all those lows or the boxed area and looking for it to hold makes sense but be careful. These can get new traders into trouble because of the lack of space. That's why we stress an emphasis on clear swing points when learning it though.
Notice how price is stuck b/w a rock and a hard place so this makes managing these types of bars in this location more difficult.
Mike
right, I am aware of the sideway market but I didn't pay attention to the close of the BEOB.
who said that "the holy grail is in the details"??
Slow & steady
- #120,733
- Nov 12, 2012 6:59am Nov 12, 2012 6:59am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #120,735
- Edited 7:39am Nov 12, 2012 7:25am | Edited 7:39am
Hey Rust!
Thank you, that's made sense like every time. I think that's the key for the news like me, to find wich tools are more important than the others, and find how could we make the "picture".
By the way, i didn't want to trade it just for the 4th touch. There is a FIB (61.8), BRN (65), and a small sized Beob wich one closed below 65. But yes, that's definitely not as clear situation as your example. I left it, maybe in the next few days it gives more information where the price want to go.
I made a watching list for myself, I would...
don't leave your setups cause someone told he doesn't like it. I like your comments on your charts and i think you will develop a good eye. If someone has a different view, that doesn't mean your sucks. Sometimes 2 people take different directions on a single chart and both make money (or lose). But you should trust yourself in the first place.
AUDCHF -> i agree your level is pretty important. Case 1 -> you could wait for a clear breakout and buy it on retest. Case 2 -> you could wait for signs of weakness and sell it back down. As right now a don't have a position.
GBPAUD -> exactly like on my watchlist. I will sell it right on retrace around 1.5286.
GBPJPY -> looks kinda curve fitted. Not to say this ppz is not good, just i prefer better. The best PPZ's are just obvious, no need of fibs or trendlines for confluence to jump at you.
USDCAD-> interesting one... i'm thinking short until there is a break and close above the last high to the upside (daily). Something like this :
PS the_wizard is one of the very good traders this thread has produced. Don't know why he doesn't post here anymore. The guy has a few threads of his own btw. You could check em out if you want
- #120,738
- Nov 12, 2012 8:40am Nov 12, 2012 8:40am
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
GBP/NZD
another good example for an S/R flip...beautiful PPZ, can you see it?
another good example for an S/R flip...beautiful PPZ, can you see it?
- #120,739
- Nov 12, 2012 8:52am Nov 12, 2012 8:52am
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
I did think that could be inverted H&S with some building to do
- #120,740
- Nov 12, 2012 9:29am Nov 12, 2012 9:29am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
Not sure what your aud usd look like now Bull ? how do you read
i am out on BE, don't like it anymore
On-site guru & also FF member's' psychiatrist, when not drinking tea