I was reading this post couple of days ago. As i found it relative so throwing it in.
http://www.forexfactory.com/showpost...ostcount=43953
and what about long lost monthly PPZ's. You can easily miss them on a 4h or daily chart.
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Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedBut there are thing you can't see on a chart that could halt or even turn the price.
I was reading this post couple of days ago. As i found it relative so throwing it in.
http://www.forexfactory.com/showpost...ostcount=43953
and what about long lost monthly PPZ's. You can easily miss them on a 4h or daily chart.
.Ignored
DislikedBut there are thing you can't see on a chart that could halt or even turn the price.
I was reading this post couple of days ago. As i found it relative so throwing it in.
http://www.forexfactory.com/showpost...ostcount=43953
and what about long lost monthly PPZ's. You can easily miss them on a 4h or daily chart.
.Ignored
DislikedI reckon you'll get another chance...it initially bounced of a 4HR PPZ and is now retracing from another 4H PPZ...the TL now lines up with the lower PPZ...Oil is bouncing of a confluenced area too.Ignored
DislikedNo your TL and PPZ won't hold price will break it.
Ok now see what we get on Double Bottom.
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DislikedAdditionally to that post, fib expansions would be a good candidate for future support and resistance where there was no previously known support/resistance. (If price ever makes an all time high or low)Ignored
DislikedNon of them break. SL hit on EJ touch.
Waiting for the Double Tops now.
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DislikedThanks for the heads up, Nasir. I have been watching this AUD/JPY triple/quadruple top too. Divergence all over the place and just waiting now for the price action at 87.30 - 50 and I nearly jumped the gun on the H1 pin bar...Ignored
DislikedPlus if we get poor retail sales and CPI data out of US (and poor JP Morgan results would help) then this could be a good catalyst for strong JPy gains this afternoon....especially with dow hitting 1140 weekly resistance and forming a 1h breaish pin bar...sound sensible?Ignored
DislikedThe whole point of this thread is PA. I think you're right and I see the Dow correction giving dollar strength but you won't act on it until you get some PA confirmation, will you? Or you may be banished forever...Ignored
DislikedThe whole point of this thread is PA. I think you're right and I see the Dow correction giving dollar strength but you won't act on it until you get some PA confirmation, will you? Or you may be banished forever...Ignored
DislikedI thought I would show this interesting Daily IPB on the Gbp/Usd.
As we know, Bullish IPB, like any other Bullish PA, are best played at swing Lows, at a great location.
That being said, IPB could can also be played as a continuation setup or a break out pull back PA. There is a Monthly PB on the Gbp/Usd, sure the size is nothing to write home about but you gotta love the confluenced location it is sitting on. Monthly PPZ and 61.8 fib / 50% ret levels.
The entry on the Daily IPB is the Close which is 1.5379. The High of the Monthly PB is...Ignored
DislikedI thought I would show this interesting Daily IPB on the Gbp/Usd.
As we know, Bullish IPB, like any other Bullish PA, are best played at swing Lows, at a great location.
That being said, IPB could can also be played as a continuation setup or a break out pull back PA. There is a Monthly PB on the Gbp/Usd, sure the size is nothing to write home about but you gotta love the confluenced location it is sitting on. Monthly PPZ and 61.8 fib / 50% ret levels.
The entry on the Daily IPB is the Close which is 1.5379. The High of the Monthly PB is...Ignored
DislikedI disagree the whole point of this thread is spotting heavily confluenced locations...then looking for PA at these areas to give you a headsup as to which direction represents the highest probability trade...sometimes you don't need PA if there are other correlations or such heavy confluence that you do not need PA to point you in the right direction.Ignored
DislikedJaroo ----Great stuff appreciate the observations
Kasir----thanks for your posts
Lovejoy---great job
Ghous ---excellent posts
And to everyone----thanks--I.m learning alot here
I just wish i could post a chart or 2 ---i am having a hard time with the file---to large--it's driving me nuts.Ignored
Disliked-i am having a hard time with the file---to large--it's driving me nuts.Ignored