I hear you Jim.
Perhaps you were worried, my mind was wandering again.
So was I for a second. LOL
However, I am Seeing it as I am 10,000,000% sure you are.
Multi TF confluence.
Indicators show the past. Price Action "Indicates" the future.
james16 Chart Thread
- #121,541
- Dec 6, 2012 4:19pm Dec 6, 2012 4:19pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
- #121,542
- Dec 6, 2012 4:24pm Dec 6, 2012 4:24pm
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
Yes, you read the intent of my post correctly . .
Thanks Jim
Got to run
- #121,543
- Dec 6, 2012 4:27pm Dec 6, 2012 4:27pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #121,544
- Dec 6, 2012 4:44pm Dec 6, 2012 4:44pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
This Triple Action LCS on the UsdCad at the .9920ish level with the trendline is a nice confluenced level.
A Daily Close below could setup a nice shorting opportunity ..
Indicators show the past. Price Action "Indicates" the future.
- #121,545
- Dec 6, 2012 5:41pm Dec 6, 2012 5:41pm
- Joined Dec 2012 | Status: On Life's Path | 2,076 Posts
- #121,546
- Dec 6, 2012 10:25pm Dec 6, 2012 10:25pm
Hey guys,
usdinr. Last week price formed a beob at swing high and closed below brn 55. I expected that the price will retest brn 55 and was tempted to put a lmt sell order. But i did not because i would be trading right into a ppz.(thanks mike and other seniors in this group)
as expected, this week price retested brn 55 but is finding it difficult to down. I will wait for it to close below the ppz and wait for price action (like pinbar/beob on daily or 4 hr charts) to enter short.
usdinr. Last week price formed a beob at swing high and closed below brn 55. I expected that the price will retest brn 55 and was tempted to put a lmt sell order. But i did not because i would be trading right into a ppz.(thanks mike and other seniors in this group
)as expected, this week price retested brn 55 but is finding it difficult to down. I will wait for it to close below the ppz and wait for price action (like pinbar/beob on daily or 4 hr charts) to enter short.
Hey guys!
This gap thing, that jarroo and pinbar were discussing is still kind of foggy for me, can any of you explain what the exact problem was, and what benefit does someone have, if he recongises them?
Or at least can you link a great description of it?
Thank you!
This gap thing, that jarroo and pinbar were discussing is still kind of foggy for me, can any of you explain what the exact problem was, and what benefit does someone have, if he recongises them?
Or at least can you link a great description of it?Thank you!
It's all psychology...
- #121,550
- Dec 7, 2012 2:51am Dec 7, 2012 2:51am
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
Hey guys!
This gap thing, that jarroo and pinbar were discussing is still kind of foggy for me, can any of you explain what the exact problem was, and what benefit does someone have, if he recongises them?
Thank you!
Here you go.
Failing to see that level caused both the entry and exit to be incorrect.
Couldn't see the gap for the space. LOL
- #121,551
- Dec 7, 2012 3:17am Dec 7, 2012 3:17am
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
Hey guys,
eurinr.
Last week price formed a bearish bar (1)at a swing high and closed below brn 71. I did not go short because it was not a beob. This week price has retested the brn 71 and has formed another bearish bar (2). If we combine bar1 and bar 2, we get a bearish bar that engulfs the previous upbar. So my question to all seniors is - can i use this method of combining two bearish bars that form a beob to go short.
- #121,552
- Dec 7, 2012 3:26am Dec 7, 2012 3:26am
Its been a while......
But as you learn this game you will find more & more patience is your friend even more than the trend...
Just popping by to say hi to some friends & let them know I'm still in the game..
Just a lot less often but stakes a lot higher..
But as you learn this game you will find more & more patience is your friend even more than the trend...
Just popping by to say hi to some friends & let them know I'm still in the game..
Just a lot less often but stakes a lot higher..
- #121,553
- Dec 7, 2012 4:02am Dec 7, 2012 4:02am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Its been a while......
But as you learn this game you will find more & more patience is your friend even more than the trend...
Just popping by to say hi to some friends & let them know I'm still in the game..
Just a lot less often but stakes a lot higher..
Its good to hear from you. Where's your sailing taking you these days?
g.
I believe . . .
- #121,555
- Dec 7, 2012 4:51am Dec 7, 2012 4:51am
hey Jeff!!
Its good to hear from you. Where's your sailing taking you these days?
g.
I just realised I am on a closer time zone to you now. Just finished a season of sailing the south pacific & now doing some minor work to the girl in a yard here in Aukland.. Long time my friend... Hope all is good with you & you must be close to finishing your studies.. I'm sure you are doing well.
I'll send a pm..
Cheers
Jeff
- #121,556
- Dec 7, 2012 5:03am Dec 7, 2012 5:03am
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
Hey G, my YOUNG friend.....
I just realised I am on a closer time zone to you now. Just finished a season of sailing the south pacific & now doing some minor work to the girl in a yard here in Aukland.. Long time my friend... Hope all is good with you & you must be close to finishing your studies.. I'm sure you are doing well.
I'll send a pm..
Cheers
Jeff
what a beautiful live this must be sailing around the world , i would invite you to my city if we had an ocean access
How much time you spend to get there, i mean your financial freedom?
- #121,557
- Dec 7, 2012 5:10am Dec 7, 2012 5:10am
Hey Jeff,
what a beautiful live this must be sailing around the world , i would invite you to my city if we had an ocean access
How much time you spend to get there, i mean your financial freedom?
But I do still work for a living but add to my super (retirement account) by trading.
If you want to call it work.......
check out what I do here....
- #121,558
- Dec 7, 2012 5:14am Dec 7, 2012 5:14am
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
Sorry to dissapoint.
But I do still work for a living but add to my super (retirement account) by trading.
If you want to call it work.......
check out what I do here....
- #121,559
- Dec 7, 2012 5:48am Dec 7, 2012 5:48am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Sorry to dissapoint.
But I do still work for a living but add to my super (retirement account) by trading.
If you want to call it work.......
check out what I do here....
g.
I believe . . .
