I'm quite interested in how this area is going to play out on the Aussie Dollar. Daily we are putting in higher lows.
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james16 Chart Thread
- #137,621
- Nov 21, 2015 10:19am Nov 21, 2015 10:19am
- Joined Mar 2011 | Status: Pip Boy Wonder | 1,378 Posts
- #137,622
- Edited Nov 23, 2015 1:35am Nov 22, 2015 7:04pm | Edited Nov 23, 2015 1:35am
- Joined May 2011 | Status: Trader | 1,265 Posts
Am watching with interest too DK.
EUR/AUD H1 BEOVB. Limit order triggered on retrace. Price has closed below PPZ 1.48000 BRN, also fib level and downtrend. Could keep going up, but I'm selling based on reasons mentioned.
NZD/CAD W1 BUOVB. Price closed above 0.87000 BRN/PPZ retraced back to PPZ and left eye.
EUR/AUD H1 BEOVB. Limit order triggered on retrace. Price has closed below PPZ 1.48000 BRN, also fib level and downtrend. Could keep going up, but I'm selling based on reasons mentioned.
NZD/CAD W1 BUOVB. Price closed above 0.87000 BRN/PPZ retraced back to PPZ and left eye.
'Fail to plan, plan to fail'
Hi Mike and the Team,
I wonder if you would be willing to put boxes and some comment about the traffic if you use them when you publish your charts? I'd be thankful to see 3-4 examples as these concepts does are not able to sink into my head.
Most problem I have with traffic. I see it everywhere.....
I hope this can lead to some common understanding this, unless it is only me that cannot catch this
Cheers.
I wonder if you would be willing to put boxes and some comment about the traffic if you use them when you publish your charts? I'd be thankful to see 3-4 examples as these concepts does are not able to sink into my head.
Most problem I have with traffic. I see it everywhere.....
I hope this can lead to some common understanding this, unless it is only me that cannot catch this
Cheers.
- #137,624
- Nov 23, 2015 8:14am Nov 23, 2015 8:14am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Hi Mike and the Team, I wonder if you would be willing to put boxes and some comment about the traffic if you use them when you publish your charts? I'd be thankful to see 3-4 examples as these concepts does are not able to sink into my head. Most problem I have with traffic. I see it everywhere.....
Sure V, pick a few pairs and I'll go through and show you the boxes
Remember markets Box and breakout, rinse and repeat. The scale on which it happens is small to large
Right now there are TONS of boxes as the markets have really settled down into some ranges. That's just what happens though, same as I saw over a decade ago
Best
Mike
{quote} Sure V, pick a few pairs and I'll go through and show you the boxes Remember markets Box and breakout, rinse and repeat. The scale on which it happens is small to large Right now there are TONS of boxes as the markets have really settled down into some ranges. That's just what happens though, same as I saw over a decade ago
- #137,626
- Nov 23, 2015 11:04am Nov 23, 2015 11:04am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
{quote}
- #137,628
- Nov 23, 2015 7:11pm Nov 23, 2015 7:11pm
{quote} Bill, re the Viet dong. I wonder how big the spreads are? Sorry, don't know. Try Axitrader - pretty good in my experience. Pepperstone? Someone round here should have a clue though. {image}
Also wanted to add to those comments made by Kershey, Bladerunn3r and others on the previous page about following the trend....
It is without a doubt in my mind the most important factor in price action (from a technical analysis viewpoint). I find that even if I mistimed my entry and went backwards, it would over a few hours or days eventually come back around to the trend - and usually profit.
But as Mike has said before, it's not about just buying into any old trend, you still have to get some other signals and confluence.
I am a newbie at FX trading but since my focus shifted to following the trend or not at all, my results this past 10 days have changed for the better - i'm actually making money just about every day!
EURSGD H4 BEOB. The BEOB here engulfs 2 previous bars and this pair is in a strong downtrend. I'm expecting that to continue over the coming days
- #137,630
- Edited 1:48pm Nov 24, 2015 12:19am | Edited 1:48pm
- Joined May 2011 | Status: Trader | 1,265 Posts
Good luck Bill. Wonder if there's an Asian session focused thread around here or elsewhere who might know.
USD/JPY D1 IB. Currently stalling at some previous lows, and looks like some buyers around 122.20-30 area. Counter trend too, so need to be nimble and get to BE asap. Small SL/risk so worth a shot.
Update: Out for a 45 pip profit. Looks like she's moving up in line with trend. H1 PB.
USD/JPY D1 IB. Currently stalling at some previous lows, and looks like some buyers around 122.20-30 area. Counter trend too, so need to be nimble and get to BE asap. Small SL/risk so worth a shot.
Update: Out for a 45 pip profit. Looks like she's moving up in line with trend. H1 PB.
'Fail to plan, plan to fail'
- #137,632
- Edited 2:52am Nov 24, 2015 2:40am | Edited 2:52am
- Joined May 2011 | Status: Trader | 1,265 Posts
'Fail to plan, plan to fail'
- #137,633
- Nov 24, 2015 6:35am Nov 24, 2015 6:35am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
{quote} Hello Mike, Can we GBPUSD, AUDUSD, EURGBP and NZDUSD? Thanks.
Remember one thing, not every box or chart is as nice as the other. When you can't find one that you feel comfortable on don't just try to spend more time figuring it out. Some people get really hung up on what a single pair is doing. Find the most obvious things you can about it or where that might be and just wait. So some of these charts are less clear than others.
So what I did here is not just show boxing but also show the most relevant information alongside that boxing. Remember confluence and story telling is our job
- #137,638
- Nov 24, 2015 1:44pm Nov 24, 2015 1:44pm
- Joined May 2011 | Status: Trader | 1,265 Posts
'Fail to plan, plan to fail'