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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

  • #5,921
  • Sep 8, 2007 7:02pm Sep 8, 2007 7:02pm
Anyone buy this as a Looooooooong Term Head and Shoulders ??
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  • #5,922
  • Sep 8, 2007 7:19pm Sep 8, 2007 7:19pm
EUR/USD Weekly... while it is not perfect, I am willing to count this as a DBLHC

With the situation as it is, and please correct me because I might be very wrong, I think EUR/USD may be going to see much higher price... With feds now likely to cut interest rate by 1/2% instead of just 1/4%... seems to me there is no where to go but up...
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  • #5,923
  • Sep 8, 2007 7:21pm Sep 8, 2007 7:21pm
Again, they are not perfect, but not far off from DBHLC and expecting jpy pairs to be heading lower... short trades perhaps after price breaks below the ema's.
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  • #5,924
  • Sep 9, 2007 2:57am Sep 9, 2007 2:57am
Quoting Tiki Trader
EUR/USD Weekly... while it is not perfect, I am willing to count this as a DBLHC

With the situation as it is, and please correct me because I might be very wrong, I think EUR/USD may be going to see much higher price... With feds now likely to cut interest rate by 1/2% instead of just 1/4%... seems to me there is no where to go but up...
Hey tiki,
Just looking at your chart on eur I would rather call that a weekly BUOB, since there are 8 pips difference in the lows...still a bullish siggie though eh If you drop down to the 4hr, you will see its formed an IB, so you could either put your buy order above for a very small risk trade, or straddle it, placing orders on either side..similar situation on cable, except its an I7B (if that exists!) again, you could put an order above (since your idea is that this pair is going to go up) or straddle it with orders either side. I like both of these...my bias is long, but we could see a correction before going back up so if the 4hr IBs are broken to the downside I might either hold off until the long trade is triggered or take them for a pull back to the lower ppz on gbp or the trendline on eur...babble babble babble...my two newbie cents for what they are worth, take care Raz
Never say never.
  • #5,925
  • Sep 9, 2007 3:06am Sep 9, 2007 3:06am
Hi guys,
BEOB on swissie weekly, if you have a look at 4hr, you can see its formed an IB there as well, so low risk trade on the break, my bias is short but if it breaks above you could take it for a pullback possibly to the next confluence point at 1.1950 or wait for a short PA signal around that area or a break of the 4hr IB to the downside...having trouble with my charts sorry for not posting them, take care Raz
Never say never.
  • #5,926
  • Sep 9, 2007 11:47am Sep 9, 2007 11:47am
I don't see anything in Forex that looks as good as this...

Also am I the only person here that trades anything other than Forex?
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  • #5,927
  • Sep 9, 2007 12:48pm Sep 9, 2007 12:48pm
hey wiz

i would like to trade other stuff but i dont know a broker that has sugar and stuff and is free...

do you know such?


Michael
  • #5,928
  • Sep 9, 2007 2:18pm Sep 9, 2007 2:18pm
Quoting mamutot
hey wiz

i would like to trade other stuff but i dont know a broker that has sugar and stuff and is free...

do you know such?


Michael
Ah there is a lot of information on brokers in the PF but I am not direct market access yet so I have no experience in terms of who offers what and at what commissions.

I spreadbet which gives you acess to all these markets but many people see SB companies as bucket shops as you are betting on a price created by the broker itself. To be fair, most of the time it does stay almost identical to the underlying but the difference is that you don't actually own the currency or a futures contract, you have simply placed a bet on whether a price will move up or down.
  • #5,929
  • Sep 9, 2007 2:33pm Sep 9, 2007 2:33pm
Quoting the_wizard
Also am I the only person here that trades anything other than Forex?
Not likely. I trade through Global Trader (spread betting too). Comes to the same thing in the end. I don't use their charts though.
Keeping it Simple
  • #5,930
  • Sep 9, 2007 2:47pm Sep 9, 2007 2:47pm
Quoting mamutot
hey wiz

i would like to trade other stuff but i dont know a broker that has sugar and stuff and is free...

do you know such?


Michael
Check out AleccohFX. I have been demo trading with them. MT4 platform with FX, Futures, Exotics, and stocks all on one platform. Its free and they are new this month. Dion
  • #5,931
  • Sep 9, 2007 3:36pm Sep 9, 2007 3:36pm
thats it - i decided to quit trading..i dont have the time nor the mental power, why should i continue doing this? it doesnt provide me any money, not currently while demoing and not in the future..so everyone is making money - i know i wont, i am not good enough, i think i was ment to work for someone all of my life..

from now on - no more FF, goodbye, so long!!

NO F****** WAY!!!

i will do it forever! for 100$ a month!!

this is the best thing i have ever found! not easy for sure, but what is easy? even stealing is hard!

so see you tomorrow!!


Michael


dont know what i was doing writing this freak message but i had to..

LOVE YOU ALL!!!

thank you so much for all the help you are giving - even if you dont know you are answering my questions!

thanks again.
  • #5,932
  • Sep 9, 2007 5:16pm Sep 9, 2007 5:16pm
Quoting mamutot
thats it - i decided to quit trading..i dont have the time nor the mental power, why should i continue doing this? it doesnt provide me any money, not currently while demoing and not in the future..so everyone is making money - i know i wont, i am not good enough, i think i was ment to work for someone all of my life..

from now on - no more FF, goodbye, so long!!

NO F****** WAY!!!

i will do it forever! for 100$ a month!!

this is the best thing i have ever found! not easy for sure, but what is easy? even stealing is hard!

so see you tomorrow!!


Michael


dont know what i was doing writing this freak message but i had to..

LOVE YOU ALL!!!

thank you so much for all the help you are giving - even if you dont know you are answering my questions!

thanks again.
We are all totally crazy obviously
Never say never.
  • #5,933
  • Sep 9, 2007 5:42pm Sep 9, 2007 5:42pm
Quoting mamutot
i would like to trade other stuff but i dont know a broker ...

try lions futures
not free but good.
  • #5,934
  • Sep 9, 2007 8:16pm Sep 9, 2007 8:16pm
Hey raz usd/chf has also gapped down tonight... getting very close to channel line...

I suspect a busy Monday... maybe continuation of last Friday
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  • #5,935
  • Sep 10, 2007 2:32am Sep 10, 2007 2:32am
Quoting Tiki Trader
I suspect a busy Monday...
Wow. Busy and Monday are two unrelated words in my experience.

hehehe
  • #5,936
  • Sep 10, 2007 9:23am Sep 10, 2007 9:23am
Looks like the GBP/JPY is warming up.
  • #5,937
  • Sep 10, 2007 9:42am Sep 10, 2007 9:42am
Quoting HipsterPipster
Looks like the GBP/JPY is warming up.
???
I'm just curious what are you trying to say? I saw it cool down @ 9:18am est
  • #5,938
  • Sep 10, 2007 10:17am Sep 10, 2007 10:17am
Quoting raczekfx
???
I'm just curious what are you trying to say? I saw it cool down @ 9:18am est
Its getting ready for a break down.
  • #5,939
  • Sep 10, 2007 10:21am Sep 10, 2007 10:21am
Quoting HipsterPipster
Its getting ready for a break down.
Thanks HP. I wonder what would you say if geppy was sitting @ 232, when I asked my question....
  • #5,940
  • Sep 10, 2007 10:25am Sep 10, 2007 10:25am
Quoting raczekfx
Thanks HP. I wonder what would you say if geppy was sitting @ 232, when I asked my question....
Not sure but, in my novice perspective, 232 is a good resitance area. Oh, and I was watching the 30 min and 1 hr. Lots of noise but sometimes can get a call.
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