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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

  • #5,941
  • Sep 10, 2007 10:57am Sep 10, 2007 10:57am
I don't trade on 30 minute chart. However, this PIN on EMA(150) around 4HR PPZ is very profitable
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  • #5,942
  • Sep 10, 2007 11:10am Sep 10, 2007 11:10am
Quoting goodtiding5
I don't trade on 30 minute chart. However, this PIN on EMA(150) around 4HR PPZ is very profitable
Yeah, I didn't get a pin on my feed, but the 30 and 1hr was equivalent.
  • #5,943
  • Sep 10, 2007 11:21am Sep 10, 2007 11:21am



15M...30M.....people, what are you doing....

Everyone's gone scalping...*shakes head*


Trust price. Know yourself.
  • #5,944
  • Sep 10, 2007 11:51am Sep 10, 2007 11:51am
Quoting SeekingLight



15M...30M.....people, what are you doing....

Everyone's gone scalping...*shakes head*


A head and shoulders on the 30 to 1hr. is the same as a pin bar on the 4hr.
  • #5,945
  • Sep 10, 2007 12:14pm Sep 10, 2007 12:14pm
No worry, Seeking. I entered mine on the break of 3 bar TBL on the daily, knowing that we are in the mini C. The 30 minutes PIN is just an illustration.
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  • #5,946
  • Sep 10, 2007 12:46pm Sep 10, 2007 12:46pm
Anyone else catch this one? It's at 1451 now. This could turn into a 4hr pin.
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Keeping it Simple
  • #5,947
  • Sep 10, 2007 1:55pm Sep 10, 2007 1:55pm
Quoting habeeb
Anyone else catch this one? It's at 1451 now. This could turn into a 4hr pin.
Nope, but watching the live one (it's the S&P futures).

It's also nearing a 2x4h PB, no? But it's under attack..

Either today or tomorrow could put in a low before heading higher, which would allow for a rising carry AND majors, which is what I've been "missing".

We'll see.

I'll stay open to whatever comes.
Trust price. Know yourself.
  • #5,948
  • Sep 10, 2007 2:47pm Sep 10, 2007 2:47pm
Quoting SeekingLight
Nope, but watching the live one (it's the S&P futures).

It's also nearing a 2x4h PB, no? But it's under attack..

Either today or tomorrow could put in a low before heading higher, which would allow for a rising carry AND majors, which is what I've been "missing".

We'll see.

I'll stay open to whatever comes.
I'm out ... too early though. Will enter tomorrow again (long) if we get a Daily pin. Not forgetting the Monthly pin we have already.
Keeping it Simple
  • #5,949
  • Sep 10, 2007 4:38pm Sep 10, 2007 4:38pm
Interesting setup forming on the aud. Last week was an I4B on the weekly. On the daily we have a pinbar(in traffic) forming on support, after a break of the trendline
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  • #5,950
  • Sep 10, 2007 5:59pm Sep 10, 2007 5:59pm
Quoting mbqb11
Interesting setup forming on the aud. Last week was an I4B on the weekly. On the daily we have a pinbar(in traffic) forming on support, after a break of the trendline

Hi Mike,
I have two questions for you :
1. Are you anticipating a further rise out of the pair? I am sitting with a stop order on the sell side and just wondering what is your take on this.
2. I have been watching your charts with envy for a long time, what chart service do you use that gives you such array of drawing tools to add to the charts? Mine is so limited and cumbersome. Is this one of the free charts or do you pay for this one? I am curious.
Regards, Dan
  • #5,951
  • Sep 10, 2007 6:02pm Sep 10, 2007 6:02pm
Quoting dltvn
Hi Mike,
I have two questions for you :
1. Are you anticipating a further rise out of the pair? I am sitting with a stop order on the sell side and just wondering what is your take on this.
2. I have been watching your charts with envy for a long time, what chart service do you use that gives you such array of drawing tools to add to the charts? Mine is so limited and cumbersome. Is this one of the free charts or do you pay for this one? I am curious.
Regards, Dan
Hey Dan,

The trend right now would still be considered down(in the short-term), but the longer term trend is up. So a position I would take would be a long term position. So ideally I would like to see a break above 8320, for entry then a further move to 8400. Then I would want to see 8400 turn into support for a further move to the upside.

As for charting service I just use the free MT4. I use InterbankFX and NorthFinance.

Take care,
Mike
  • #5,952
  • Sep 10, 2007 6:08pm Sep 10, 2007 6:08pm
Pin bar on the monthly and daily. Daily pin is off of support 1.0467.
  • #5,953
  • Sep 10, 2007 6:53pm Sep 10, 2007 6:53pm
OK, I am calling this a PB on daily GBP/USD, not a big one, but I have seen often that size is not always the big thing... My other ( Rob Booker ) indicators ( yes I know no one wants to know about that heere )are showing time for short on gbp/usd... not sure when, but very soon.... maybe tied to how long eur/usd will stay up close to all time highs or testing higher.
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  • #5,954
  • Sep 10, 2007 7:06pm Sep 10, 2007 7:06pm
if you do here are areas of support to be mindful of.
Quoting Tiki Trader
OK, I am calling this a PB on daily GBP/USD, not a big one, but I have seen often that size is not always the big thing... My other ( Rob Booker ) indicators ( yes I know no one wants to know about that heere )are showing time for short on gbp/usd... not sure when, but very soon.... maybe tied to how long eur/usd will stay up close to all time highs or testing higher.
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  • #5,955
  • Sep 10, 2007 7:19pm Sep 10, 2007 7:19pm
Thanks !!!

That first line is just about where my first profit target was going to be...!!!


Quoting james16
if you do here are areas of support to be mindful of.
  • #5,956
  • Sep 10, 2007 7:59pm Sep 10, 2007 7:59pm
Quoting mbqb11
Hey Dan,

The trend right now would still be considered down(in the short-term), but the longer term trend is up. So a position I would take would be a long term position. So ideally I would like to see a break above 8320, for entry then a further move to 8400. Then I would want to see 8400 turn into support for a further move to the upside and when you say that the longer term will be an up trend are you basing it on continued Dollar weekness ? I see on the weekly a formation of a possible I4B which can go either way . Good talking with you. Dan



Take care,
Mike
Hello Mike, your help and comments are always being appreciated
About your entry of 8320 shouldn't PA clear the PB of 8/27 which is also an R1 Weekly before you go long?
  • #5,957
  • Sep 10, 2007 8:02pm Sep 10, 2007 8:02pm
Anyone trade this pair? Pin on the 4hr.
  • #5,958
  • Sep 10, 2007 8:02pm Sep 10, 2007 8:02pm
Quoting dltvn
Hello Mike, your help and comments are always being appreciated
About your entry of 8320 shouldn't PA clear the PB of 8/27 which is also an R1 Weekly before you go long?
Mike
I don't know what I did wrong but part of my typing got into your replay ????
Dan
  • #5,959
  • Sep 10, 2007 8:09pm Sep 10, 2007 8:09pm
Quoting dltvn
Mike
I don't know what I did wrong but part of my typing got into your replay ????
Dan
Yeah you could wait till a break of that pin also, but for me a break above todays pin and a break of the weekly I4B would be enough

It might not even make it up there
  • #5,960
  • Sep 10, 2007 9:12pm Sep 10, 2007 9:12pm
Quoting mbqb11
Yeah you could wait till a break of that pin also, but for me a break above todays pin and a break of the weekly I4B would be enough

It might not even make it up there
words of wisdom , thanks Mike
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