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MarcinO
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BTW, ES may be done on this spike here at 2228. This is a weekly/daily TF resistance.
DU
Duane
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Thanks, Albert, I consider it a compliment to be called rat. I would love to see more if your charts and know your trading style.
DU
Duane
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long here, but looks like a bearish ABCD forming. My target for the top is @147 may not happen, we shall see.
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MarcinO
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Cable getting closer to 1.2680 level posted yesterday.
If this level is not enough 1.2710-30 is next, but then I expect another leg down. This is in line with your view of GBPJPY, Duane.
If this level is not enough 1.2710-30 is next, but then I expect another leg down. This is in line with your view of GBPJPY, Duane.
Click image for original size
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MarcinO
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BTW, if they are going to repeat their games from the last few days, Cable will reach its W2 'target' soon and wait in sideways mode till American session, to start serious move down. Just an idea.
DU
Duane
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Originally posted by MarcinO
The chart:
Click image for original size
Right at your spot Marcin. Love to see more context if you you could, i love your charts, but i woild like to see where you draw them from.
DU
Duane
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Originally posted by MarcinO
BTW, if they are going to repeat their games from the last few days, Cable will reach its W2 'target' soon and wait in sideways mode till American session, to start serious move down. Just an idea.
My thoughts exactly!
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MarcinO
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Duane, I wish I could show more here. The problem is, that most of the lines I have in my areas, are proprietary stuff of Jim, many of them the ones, which Jim asks everyone starting posting in the forum after reading his books, not to be shown in entirety.
I know this is a problem for everyone, since we cannot exchange our ideas in direct way, but only show areas, which then require to be 'reinvented' by other readers in the forum.
I know this is a problem for everyone, since we cannot exchange our ideas in direct way, but only show areas, which then require to be 'reinvented' by other readers in the forum.
Originally posted by Duane
Originally posted by MarcinO
The chart:
Right at your spot Marcin. Love to see more context if you you could, i love your charts, but i woild like to see where you draw them from.
DU
Duane
Rep: 100
Posts: 1,095
Originally posted by MarcinO
Duane, I wish I could show more here. The problem is, that most of the lines I have in my areas, are proprietary stuff of Jim, many of them the ones, which Jim asks everyone starting posting in the forum after reading his books, not to be shown in entirety.
I know this is a problem for everyone, since we cannot exchange our ideas in direct way, but only show areas, which then require to be 'reinvented' by other readers in the forum.
[quote]Originally posted by Duane
I got you Marcin, keep up the good work, I feel that you and Rat are WAY better at drawing the forks, and I am just trying to learn.
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MarcinO
Rep: 67
Posts: 5,506
Thanks for understanding and complement, Duane. I do appreciate that.
In my case, it's not about forks I guess, but the fact that I spend most of my trading time staring at Pound charts, so I have some 'feeling' as to where it is most likely to go to, and then try to find out, which tools out of Jim's arsenal confirm that level. Which doesn't prevent me from being wrong many times, of course.
But rat, yes, he is a real median lines expert!
In my case, it's not about forks I guess, but the fact that I spend most of my trading time staring at Pound charts, so I have some 'feeling' as to where it is most likely to go to, and then try to find out, which tools out of Jim's arsenal confirm that level. Which doesn't prevent me from being wrong many times, of course.
But rat, yes, he is a real median lines expert!
AL
albert
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Posts: 3,094
Originally posted by Duane
Originally posted by albert
NEM on the 5 minute TF. After the open, it looked like NEM met resistance at the 8 and 20 mas, on the 1 minute. and on the 5 min TF, resistance at the 34 and the 200. Note Bearish 50 X 200.
Click image for original size
Al
Nice trade Albert
Duane,
Thanks. Actually I did not trade that one, darn it. I thought the chart showed some of the things that I look for when trading. I am trying to move my 20/20 hindsight to foresight. : )
Al