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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

  • #5,561
  • Aug 22, 2007 11:41am Aug 22, 2007 11:41am
Quoting boxingislife
is there a pin bar on the 4h gbpchf right now?
been trading that pair lately and saw one forming before i left
just wanted to see if it did form and if its tradeable since im already shorting this pair
Not on my platform (alpari), but it looks gooood...
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  • #5,562
  • Aug 22, 2007 11:58am Aug 22, 2007 11:58am

ok here we go
im stuck with some shorts from lower due to making rushy and fast decisions (grandmother died) so i was gonna get out but then i saw the 4h pin bar at the 50 fibo with an oversold stoch(sorry to include an indicator lol) and an overall downtrend

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  • #5,563
  • Aug 22, 2007 12:09pm Aug 22, 2007 12:09pm
Quoting boxingislife
is there a pin bar on the 4h gbpchf right now?
been trading that pair lately and saw one forming before i left
just wanted to see if it did form and if its tradeable since im already shorting this pair

Hey Boxing

it does look like one - but it only looks like one for me...

i wouldnt take it - it didnt capture my eyes when looked at it - it is nice but r/r doesnt promise too much, and i would take only long stuff from this one..since in passed ema365 to the upside - but again, thats me, depends how much you want to take from it
  • #5,564
  • Aug 22, 2007 12:37pm Aug 22, 2007 12:37pm
Quoting mamutot
Hey Boxing

it does look like one - but it only looks like one for me...

i wouldnt take it - it didnt capture my eyes when looked at it - it is nice but r/r doesnt promise too much, and i would take only long stuff from this one..since in passed ema365 to the upside - but again, thats me, depends how much you want to take from it
thanks for the input
im gonna wait a tad bit then ill decide if ill get out or not
good thing im trading very small amounts coz im down quiet a few pips. been a hectic week
hey mamutot i read in ur journal ur in israel
hope u dont live in the northern part. im in beirut now but was in florida last summer. my brother told me how bad things were in the area. house was safe since we live in a more "neutral area" of beirut
  • #5,565
  • Aug 22, 2007 2:03pm Aug 22, 2007 2:03pm
Quoting boxingislife
thanks for the input
im gonna wait a tad bit then ill decide if ill get out or not
good thing im trading very small amounts coz im down quiet a few pips. been a hectic week
...
FWIW

I'm looking to go long after a pull back (if) @ around 2.3940
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  • #5,566
  • Aug 22, 2007 2:39pm Aug 22, 2007 2:39pm
i can see a pullback to 2.3940s happenin

i drew some fibos from the last few major swings and found a cluster of 4 different fibos between 2.4040-70
so for now thats gonna be my reason to stay and get out for a smaller loss if it reaches the mid 2.39's as we have that resistance right above here

or maybe im trading like an idiot and tryin to find a reason to stay in a losing trade but then again a nice fibo cluster should keep price from going higher for now and potentially push it down a few pippies
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  • #5,567
  • Edited 6:12pm Aug 22, 2007 3:11pm | Edited 6:12pm
Quoting boxingislife
......

and tryin to find a reason to stay in a losing trade but then again a nice fibo cluster should keep price from going higher for now and potentially push it down a few pippies
sorry for your loss b.i.l.



hope you haven't bet a house on this one...

well, there is no sure thing in this game, but I see a good resistance around 2.4080-2.41 (PP, 61fib, TL and something else)
If I were short, I would definitely be looking to exit on another price swing to 2.3845-2.39.

2.38 would be a good buying opportunity imho
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  • #5,568
  • Aug 22, 2007 3:17pm Aug 22, 2007 3:17pm
lol no i could care less. very small positions. not trading seriously since my grandmother died on monday. havent been around or had time to really do any analysis till tonight. but i thought if i could get out as close to breakeven as possible it would be nice
  • #5,569
  • Aug 22, 2007 5:20pm Aug 22, 2007 5:20pm
Quoting boxingislife
lol no i could care less. very small positions. not trading seriously since my grandmother died on monday. havent been around or had time to really do any analysis till tonight. but i thought if i could get out as close to breakeven as possible it would be nice
sorry for your loss, my condolences


Mike
  • #5,570
  • Edited Aug 23, 2007 7:11am Aug 22, 2007 6:18pm | Edited Aug 23, 2007 7:11am
There was a nice setup this morning (est) on pullback to hourly support after price touched 1.99. Buovb formed and price didn't look back.

.
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  • #5,571
  • Aug 22, 2007 6:26pm Aug 22, 2007 6:26pm
... and I hope it would hit 2.01/ 2.0160.
Blue box is my reverse to short region.
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  • #5,572
  • Aug 23, 2007 3:25am Aug 23, 2007 3:25am
Quoting raczekfx
There was a nice setup this morning (est) on pullback to hourly support after price touched 1.99. Beovb formed and price didn't look back.
.

Raczekfx meant BUOVB. The bullish one engulfing the smaller one at the 1.9865 s/r. Price kept rising after that.
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  • #5,573
  • Aug 23, 2007 3:37am Aug 23, 2007 3:37am
I'm awfully bored after missing what little setups we had in this terrible week of chop.


Here's a "can you see it, too?" chart for some s/r levels. They're not always pip precise, but that's just how it is I guess..
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Trust price. Know yourself.
  • #5,574
  • Aug 23, 2007 3:58am Aug 23, 2007 3:58am
Hi all,
So this week, Ive taken the aussie pin, and I was kind of losing hope of it getting anywhere until last night when it finally gave a nice push up...niceee!
Im also long gbpjpy, basically from the break of the daily pin and 365 ema, although I have to admit I closed it last night (with 100 pips) in case the boj news did something strange...ok, charts below... BTW Im in the pf! Amazing stuff my eyes look something like this ...I think Im going to become one of those lifetime members, theres just so much information in there! Have a great week all,Raz
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Click to Enlarge Name: aussie.jpg Size: 43 KB
Click to Enlarge Name: gbpjpy.jpg Size: 38 KB
Never say never.
  • #5,575
  • Aug 23, 2007 4:27am Aug 23, 2007 4:27am
Quoting razldazl
Hi all,
So this week, Ive taken the aussie pin, and I was kind of losing hope of it getting anywhere until last night when it finally gave a nice push up...niceee!
Im also long gbpjpy, basically from the break of the daily pin and 365 ema, although I have to admit I closed it last night (with 100 pips) in case the boj news did something strange...ok, charts below... BTW Im in the pf! Amazing stuff my eyes look something like this ...I think Im going to become one of those lifetime members, theres just so much information in there! Have a great week all,Raz
Haha yeah there is a ton of info, my eyes were coming out of my head for a long time

glad to have you in raz look forward to your posts inside too
  • #5,576
  • Aug 23, 2007 4:31am Aug 23, 2007 4:31am
Quoting razldazl
Hi all,
So this week, Ive taken the aussie pin, and I was kind of losing hope of it getting anywhere until last night when it finally gave a nice push up...niceee!
Im also long gbpjpy, basically from the break of the daily pin and 365 ema, although I have to admit I closed it last night (with 100 pips) in case the boj news did something strange...ok, charts below... BTW Im in the pf! Amazing stuff my eyes look something like this ...I think Im going to become one of those lifetime members, theres just so much information in there! Have a great week all,Raz
Hi Raz,
Congratulations on joining the PF. I think that everyone who is serious about PA should at least try the PF for a month.
Well done on the trades, is your SL to BE yet? I must admit that I saw both trades but took neither beacause of the position relative to the 365. On my (IBFX) chart of the GJ, the 365 is at 230.86 and the head of the PB at 228.97 - with such a long PB and not such great protrusion I thought that the RR was not worth it.

Similar case for the AU, though that one was a much better looking PB. It now looks good til at least the lower PPZ or perhaps the 150.

Good luck,
Ian
  • #5,577
  • Aug 23, 2007 4:36am Aug 23, 2007 4:36am
heres a quick trade I made on a pair I have recently began to watch again

Three bar high broke and was a quick 40 pips
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  • #5,578
  • Aug 23, 2007 4:44am Aug 23, 2007 4:44am
Thanks guys,
I am targeting the 150 ema on aussie and my target on gbpjpy is so far away Im thinking am I crazy? but thats a funny pair it moves when it finds direction and I think it decided it wants to go up...anyway using fib extensions for that target..I have locked in 100 pips on aussie and my sl is at b-e on gbpjpy because well you know how it is. Mike so far all the threads Im looking at are closed, but Im looking forward to getting into a few of your journals, its a funny feeling like visiting somebodys house...lol, take care, Raz
Never say never.
  • #5,579
  • Aug 23, 2007 4:47am Aug 23, 2007 4:47am
Anyone looking at this pair? Its just broken an IB and an upward trendline, well a nice channel actually, could be a very nice short, any comments? Raz
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Never say never.
  • #5,580
  • Aug 23, 2007 5:26am Aug 23, 2007 5:26am
Quoting razldazl
Anyone looking at this pair? Its just broken an IB and an upward trendline, well a nice channel actually, could be a very nice short, any comments? Raz
Heya Raz,
looking at the same thing (loss of the lower TL) and parallels on EURCAD.
I believe it's mostly EURUSD's rise to blame(read: return of USD weakness - temporarily or for good), so I'm gonna post that in turn..
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Trust price. Know yourself.
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