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Where can I learn more about Price Action like those in James16 charts? 9 replies

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james16 Chart Thread

  • #124,721
  • Apr 15, 2013 5:10am Apr 15, 2013 5:10am
Quoting rafstraszek
Can't be sure, but probably something with weakening in China's growth...We've got drop from 7.9 to 7.7 in China GDP growth...
Many European countries would like to boast a similar slowdown of 7.7
The way they are hyping it, it seems drastic.
Given the population in China and the need for AU & NZ imports, I doubt this was the cause.

Annual growth was 7.7% in the January to March quarter, compared with 7.9% in the previous three months. Analysts had forecast a figure closer to 8%.
  • #124,722
  • Apr 15, 2013 5:34am Apr 15, 2013 5:34am
Hey guys,
I`m looking at this one,
USDZAR weekly

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  • #124,723
  • Apr 15, 2013 6:04am Apr 15, 2013 6:04am
Quoting laoshi
HCR : Higher Close Resistance LCS : Lower Close Support PBT : Price Break Through CA : Close Above CMIIW
Thanks vvvv much...
  • #124,724
  • Apr 15, 2013 6:05am Apr 15, 2013 6:05am
Quoting rafstraszek
Link from Pinbar's sig: http://www.forexfactory.com/showthre...742#post657174 2 You can find there our terminology...
Thanks vvv much too...
  • #124,725
  • Edited 7:40am Apr 15, 2013 6:09am | Edited 7:40am
Quoting Pinbar
Why not? That is exactly what I did & many others.
If i read every over 124,000 posts it would take a long, long ,long time.

Time management is very important and after having read several hundred posts, I think it would be better to simply ask,

don't forget, you were thankful for peoples' advice once upon a time, http://www.forexfactory.com/showthread.php?t=252015

thanks once again for your answers Guys
  • #124,726
  • Edited 7:20am Apr 15, 2013 6:18am | Edited 7:20am
Quoting Pinbar
Many European countries would like to boast a similar slowdown of 7.7 The way they are hyping it, it seems drastic. Given the population in China and the need for AU & NZ imports, I doubt this was the cause. Annual growth was 7.7% in the January to March quarter, compared with 7.9% in the previous three months. Analysts had forecast a figure closer to 8%.
Europe is in stagnancy - a little different situation, than in China...

Speculators wanted 8%, they didn't get that...they got slowdown... A situation similar to apple's - it sells more devices with bigger profit margin, than any other company. They also sell more and more idevices with every year...but their stocks are dropping...Because they are not as good as they should be, not as good as forecast shows.

I think, that this could impact on commodities prices...You know, slower growth, lower demand, lower prices...AU is a big exporter - their big part of their economy depends on China as importer (coal and iron I think...). Also gold is not helping... Australia is one of worlds biggest gold producers...Cheaper gold is not good for them...Maybe there are other aspects of this...Or maybe speculators are panicking - they have tendency to doing that...
  • #124,727
  • Apr 15, 2013 8:05am Apr 15, 2013 8:05am
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I am going for this one...
  • #124,728
  • Apr 15, 2013 8:06am Apr 15, 2013 8:06am
Euraud is looking really nice - strong, tested multiply times hcr/lcs and brn...
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  • #124,729
  • Apr 15, 2013 8:38am Apr 15, 2013 8:38am
Quoting iuliu00
Hey guys, I`m looking at this one, USDZAR weekly {image}
Great job I,

let's see how price reacts around the 9.000 BRN now


Best
Mike
  • #124,730
  • Apr 15, 2013 8:38am Apr 15, 2013 8:38am
watching the highly confluenced area at the BRN 0.9300 and divergence
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  • #124,731
  • Apr 15, 2013 9:07am Apr 15, 2013 9:07am
So here is an update to my trade on NZDCHF. Stop is now at breakeven. I want to see if RN 0.79 and rising trendline will hold and if we can get next push lower.
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  • #124,732
  • Apr 15, 2013 10:02am Apr 15, 2013 10:02am
apocalyptic...
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all is eternal - this is good news for people who loves bad news
  • #124,733
  • Apr 15, 2013 10:10am Apr 15, 2013 10:10am
Quoting meshka
apocalyptic... {image}
Meshka hi! Last few minutes was looking for your posts about gold and got them! Really boom! Amazing.
I still didn't get how it can be, but this movement is so strong.

Cheers
  • #124,734
  • Edited 12:08pm Apr 15, 2013 10:17am | Edited 12:08pm
Quoting Nick1
Meshka hi! Last few minutes was looking for your posts about gold and got them! Really boom! Amazing. I still didn't get how it can be, but this movement is so strong. Cheers
The move is probably caused by banks saying that they reduced forecasts for gold and some banks stating that gold is in a bubble. There was also a collapse in a gold mine in Utah (?).

Edit: Goldman Sachs said that they expect 1600 (This was announced a month ago. It was meant to illustrate how banks are lowering their forecasts), Soros stated 1200.
  • #124,735
  • Apr 15, 2013 10:24am Apr 15, 2013 10:24am
Quoting meshka
apocalyptic... {image}
I am pretty confident there is no apocalypse of any sort in your account
I would even bet the opposite
Slow & steady
  • #124,736
  • Apr 15, 2013 10:29am Apr 15, 2013 10:29am
Quoting Red1324
The move is probably caused by banks saying that they reduced forecasts for gold and some banks stating that gold is in a bubble. There was also a collapse in a gold mine in Utah (?). Edit: Goldman Sachs said that they expect 1600, Soros stated 1200.
Wow! 1200
Thanks, Red!
  • #124,737
  • Apr 15, 2013 10:31am Apr 15, 2013 10:31am
Quoting Martin600
So here is an update to my trade on NZDCHF. Stop is now at breakeven. I want to see if RN 0.79 and rising trendline will hold and if we can get next push lower. {image}
Well done Martin. Nice but a tricky setup based on the lack of space.

A good example of how stronger aspects of the story (swing high round number good size) can be weighed against the defeciencies (traffic) to make up for a tradable setup.

That drop back into the wedge is promising.

g.
I believe . . .
  • #124,738
  • Apr 15, 2013 10:34am Apr 15, 2013 10:34am
Quoting meshka
apocalyptic... {image}
Whatever be the cause its refreshing to see gold in a downtrend.

g
I believe . . .
  • #124,739
  • Apr 15, 2013 11:31am Apr 15, 2013 11:31am
just a simple chart on silver to watch. Fantastic levels
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  • #124,740
  • Apr 15, 2013 11:40am Apr 15, 2013 11:40am
Quoting ghous
Well done Martin. Nice but a tricky setup based on the lack of space. A good example of how stronger aspects of the story (swing high round number good size) can be weighed against the defeciencies (traffic) to make up for a tradable setup. That drop back into the wedge is promising. g.
Thank you Ghous. Iīve known about a lack of space but the confluence here I think was really nice so thatīs why I took it. I would not allow this setup to turn into a bigger loss if it started to turn on me.
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