Yes and no....it will be some of the same, some different. As far as the zones....yes kinda. But to be honest, when a pair is this crappy (not paying attention it at the moment.) I tend to ignore all but the most important areas.....like the recent ...

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It was based upon a shorter time frame than the one you posted. But it had a gap down move at the open, and retraced, and took off (down) again.....a classic move. It was major support at that area. Simon Property Group is a property company that ...

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I would wait to see what happens with that fat pinbar. If it breaks to the downside, that's pretty bearish. I wouldn't be in this trade until we see what happens with it. I react, not anticipate. Clockwork

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Yes there is. I took a short that exact way today in a stock called SPG. However, that's a bit trickier, an advanced. I will get to it in time. Clockwork

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I have found that past price levels actually work. A perfect example was watching the AUD/USD go over .80 several months back - It was a 16 year high....and it fought and fought and fought until it finally gave in. After that it was a straight shot ...

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All bars mean something. Every one of them. — All bars on a chart mean something. They are simply measures of crowd psychology. Price Action is simply an extension of it. So when you look at a chart, what is it that you see? Do you see ...

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What about the swing low? I don't anticipate anymore, it only leads to losses. Clockwork

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Right, agreed.....but used with the s/r areas I point out in some of these charts - it all comes together quite nicely. Clockwork

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You have to watch listening to Bemac. It's noon now, which means he may be blind drunk.

Extracted Thread (per thread starter's request)

I certainly hope so. Welcome.

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Sitting on your hands. — Sometimes it's a matter of waiting for that ship to enter the sights of your periscope. This chart shows that there are three possible areas in the box we can look at. We have the top, middle, and bottom. Not that I ...

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Agreed.

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Ian is correct - Sunday gaps like to close, however....that doesn't mean you should just jump into them.....that is another discussion for later on as to which ones are worthwhile. Clockwork

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The other book I recommend. — Sorry, there is no free download for this one, but it's a great reference book to have..... "Martin Pring on Price Patterns" This book goes into a lot of the price bars used in James16 charting forum. Pring is a ...

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zones vs. lines. — Let's not get confused here. S/R lines should actually be called zones. It never really seems to stop to the exact pip, but that doesn't matter. However, sometimes there are areas that are more like walls..... The following ...

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Something very few people will tell you... — As was asked by someone earlier, I did have several "Ah-ha" moments that changed things around for me. In fact, I still do to this very day. I am not sure, but I think you never really stop having ...

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Our charts updated. See the forest, not the trees. — I updated our EUR/CHF 4 hour chart because of a Sunday night gap. (Asia morning.) Right now, there are tons of people trying to sell this pair off as it "runs away". The truth is, most ...

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I forgot about that. Thanks for reminding me! I think the ability to not trade all the time is what really started to change things for me. I really felt like it was impossible to make money if you weren't in the market at all times. ...

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Yes, in fact....I recommend anything he writes very highly. I pop in there from time to time, I really like his work. Clockwork

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