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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

  • #5,201
  • Aug 2, 2007 4:07pm Aug 2, 2007 4:07pm
Quoting razldazl
........... In fact Im going to watch sunday night see if any sense out of your gap trading hehe. Fingers crossed, Raz
Be interested to know how you plan this gap trading, I'm assuming it's down to the market close from Friday night till open after the weekend !!! But how do you play this ??????
  • #5,202
  • Aug 2, 2007 5:28pm Aug 2, 2007 5:28pm
Quoting Trader_V
Ok I gotta ask...

Is anyone else looking at the markets thinking "what the heck is going on?"

I mean it seems as if almost all pairs are ranging as if they are waiting for something to happen. Most decent setups that I have seen based on S/R fib points and other confluence seem to fail lately.

I can't be the only one seeing this so I would like to hear others views about current market conditions as well. Or then again yes it could just be me... but I am really hoping it isn't ...LOL

Steve
I think this is just summer trading conditions. No one taking big directional positions. The only exception is probably forced liquidation of positions from hedge funds in trouble. Light volumes in between bouts of action mean that prices can be pushed around in ranges, just far enough to trigger stops.
  • #5,203
  • Aug 3, 2007 3:02am Aug 3, 2007 3:02am
All aboard the CADJPY express?

If this is indeed the highest we retrace it will be textbook. Stacking blocks.

Also would line up nicely with USDCAD surging higher after the monthl PB + weekly BUOB.

CAD, extra cheap, extra cheap, selling them CADs....no?

Any takers, Mr. Market?

We'll see today thanks to red news.

In tonights Fight Night: PA vs News! DING DING DING DING!
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  • #5,204
  • Aug 3, 2007 3:05am Aug 3, 2007 3:05am
Humdeedum.
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  • #5,205
  • Aug 3, 2007 3:06am Aug 3, 2007 3:06am
Going in Team Alpha!
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  • #5,206
  • Aug 3, 2007 3:09am Aug 3, 2007 3:09am
And finally weekly. I hope it's becoming apparent what I mean by "stacking blocks" for retracement levels. It's the old s/r flip story on a bar by bar basis.

If these start behaving again that'd be really nice. They've been barely functional lately, exceeding the highs/lows by too much, making pins but then failing, dropping too low but then still rallying etc etc..mischievous beasts!
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  • #5,207
  • Aug 3, 2007 3:23am Aug 3, 2007 3:23am
Weekly and Monthly look almost like USDCAD on this one(weekly BUOB as well). Very odd.

Stalling on daily at TL underside of prior lows.
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  • #5,208
  • Aug 3, 2007 6:24pm Aug 3, 2007 6:24pm
Quoting SeekingLight
Explained via PM.
Would you mind explaining your clarity by Public Message as well? :-)
  • #5,209
  • Aug 4, 2007 8:27am Aug 4, 2007 8:27am
HI pls i am didymario. i have been going throug this thread and i want to find out if the private forum is still functioning and how good is it since its inception and now. 2007'

thank u
  • #5,210
  • Aug 4, 2007 9:20am Aug 4, 2007 9:20am
Quoting didymario
HI pls i am didymario. i have been going throug this thread and i want to find out if the private forum is still functioning
Yes
Quote
and how good is it since its inception and now. 2007'

thank u
Great and there's more to come, give it a spin
  • #5,211
  • Aug 4, 2007 12:59pm Aug 4, 2007 12:59pm
Quoting SeekingLight
Weekly and Monthly look almost like USDCAD on this one(weekly BUOB as well). Very odd.

Stalling on daily at TL underside of prior lows.
going up eh ?



though i do not trade this pair, TL, fibs, and james allpoint to going up IF it trades above the TL.

Am I correct. According to james, this is a nose and eye forming...right ?
Pipology 101 student
  • #5,212
  • Aug 4, 2007 5:28pm Aug 4, 2007 5:28pm
Quoting pipology-101
going up eh ?

though i do not trade this pair, TL, fibs, and james allpoint to going up IF it trades above the TL.

Am I correct. According to james, this is a nose and eye forming...right ?
Which timeframe are you refering to?

What I see on my chart is: a Buy Pin on the monthly (2 actually but neither have triggered), a BUOB last week for the weekly chart that broke to the upside but has dropped since then, and a neutral bar on the daily.
Personally, I don't see any clear signals that this is going up. Nothing at least that would make me open a trade just yet. (personal opinion of course )

Tom
  • #5,213
  • Aug 5, 2007 4:31am Aug 5, 2007 4:31am
Quoting pipology-101
going up eh ?

though i do not trade this pair, TL, fibs, and james allpoint to going up IF it trades above the TL.

Am I correct. According to james, this is a nose and eye forming...right ?
The nose is the long lower part of the already closed monthly bar. Pin Bar => Pinocchio Bar => long "nose".
That's already closed, so it can't be forming still

The eye bar on the right side is already starting to break the PB so it should also be done forming the eye. If it does fall below 1.5900 again I would be extremely cautious maintaining a bullish bias.
There is currently a fight at 1.5900 vs 1.6160 which will most likely be thrashy. Blessed art thou who tradeth the weekly or monthly.

On weekly it looks like the BUOB is breaking upwards and starting to sniff the air above the TL. Perfect spot for a suprise sell slaughter
1.6200 is most likely THE hotspot for that.

Here's a secret: big boys love the round numbers. They probably find anything else too complicated. There's a lot to be said for simplicity.

I wouldn't touch this pair in this current mess, I don't have enough historic data, either. Might be an oscillating pair and simply moving back up from the lower bounds back to the higher ones. Bit like EURGBP.

I personally prefer sticking to EURUSD and AUDUSD themselves and using stuff like this to get a heads up for which one will prolly be "stronger" or "weaker" on it's own.

I just don't "know" this pair enough or it's levels etc. These oddball crosses can be extremely icky for me and just feel foreign.

So basically I just wrote a lot of words for saying "Sorry, really no idea" ;p
Trust price. Know yourself.
  • #5,214
  • Aug 5, 2007 11:59am Aug 5, 2007 11:59am
So many million times nicer and technically cleaner than the evil DJI twin brother.

Wish I could trade this one, too. Oh well, always have the xxxJPY and xxxCHF proxies
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  • #5,215
  • Aug 6, 2007 8:40am Aug 6, 2007 8:40am
TBH and TBL bug fix

Enjoy

vmaranhao
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File Type: mq4 VM_Price_Action_1.2.mq4   22 KB | 1,446 downloads
File Type: ex4 VM_Price_Action_1.2.ex4   24 KB | 955 downloads
  • #5,216
  • Edited 9:40am Aug 6, 2007 9:23am | Edited 9:40am
Loss of 2.02 triggers weekly IB, perhaps leading below prior BEOB and making a DBHLC on weekly?

Aiming at 2.0 initially + TL + FE 100 + all of that stuff ya know ;p

It is HOT here and I am BORED by the DJI not crashing 500 points a second ;p

Where's the fun!

Descent started with a 2x 1h / 4h PB here on my chart at a descending TL capping off the tops on 1h..didn't quite get to .618 of the downswing sadly :/

///////

The longer we hesitate at 2.0300 the more worried I am getting. Need descent, now!
Someone call someone!
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  • #5,217
  • Aug 6, 2007 11:18am Aug 6, 2007 11:18am
Quoting SeekingLight
It is HOT here and I am BORED by the DJI not crashing 500 points a second ;p
Are you still bearish Seeking?

I'm building a long position in the Dax...should have checked your journal first...lol
  • #5,218
  • Aug 6, 2007 11:50am Aug 6, 2007 11:50am
dear, vamarahoa
would you tell me what those indicators for and how can we use them, thanks
dr, atef
  • #5,219
  • Aug 6, 2007 12:37pm Aug 6, 2007 12:37pm
Hi

This indicator shows price actions patterns, at least the ones I've plotted after go through hundreds of pages in this much more than excellent thread.

Just put the indicator in a chart and the stars will appear.

How to trade with the stars? That's a question to our guru...

rgrds

vmaranhao

Quoting dratef2
dear, vamarahoa
would you tell me what those indicators for and how can we use them, thanks
dr, atef
  • #5,220
  • Aug 6, 2007 1:29pm Aug 6, 2007 1:29pm
one of these days i have got to go thru this thread top to bottom. LOL.

JIM

Quoting vmaranhao
Hi

This indicator shows price actions patterns, at least the ones I've plotted after go through hundreds of pages in this much more than excellent thread.

Just put the indicator in a chart and the stars will appear.

How to trade with the stars? That's a question to our guru...

rgrds

vmaranhao
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