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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

  • #6,481
  • Sep 26, 2007 1:29pm Sep 26, 2007 1:29pm
!
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  • #6,482
  • Edited 1:36pm Sep 26, 2007 1:34pm | Edited 1:36pm
Or as another view from a 0GMT high correlation chart GBPJPY hitting upper triangle..
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To be one with the market, you must first be one with yourself.
  • #6,483
  • Sep 26, 2007 1:58pm Sep 26, 2007 1:58pm
Quoting raczekfx
!

But we have a pin on the daily for a long !!!!
Not that I will be taking it.....
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  • #6,484
  • Sep 26, 2007 1:59pm Sep 26, 2007 1:59pm
Quoting SeekingLight

I just got obliterated on Gold for no good reason(10$ gone in a heartbeat, just as bad on Silver) :/

Did I miss some important news bit?
I'm not "obliterated" yet but close to, on Gold. I saw the trade beautiful on $736.10 but after taking my girlfriend to her job I saw the trade where it is right now.

Dunno what hapenned!

Fabian!
  • #6,485
  • Edited 2:11pm Sep 26, 2007 2:01pm | Edited 2:11pm
Quoting mimas
But we have a pin on the daily for a long !!!!
Not that I will be taking it.....
It was an observation...not recommendation


You can always take a bounce off 114.60..
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  • #6,486
  • Sep 26, 2007 2:13pm Sep 26, 2007 2:13pm
3hrs before new daily bar forms....
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  • #6,487
  • Sep 26, 2007 2:18pm Sep 26, 2007 2:18pm
Quoting raczekfx
It was an observation...not recommendation
You can always take a bounce off 114.60..
I just saw this and no matter how much I rubbed my eyes...it kept rising.


Wouldn't buy JPY just yet.

We got 40 minutes to make a PB out of this. Come on folks, let's go!


Keeping in mind this is all parallel to Deutsche Bank giving warnings about 2 billion lower earnings estimate next quarter, constantly bad news from the states, etc, etc...stock market's seem oddly and blissfully unconcered or unaware of all this...guess it's buy as long as the buying's good.

Just hit 13900.

Moodys rating: BBB - Big Buying Binge.
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Trust price. Know yourself.
  • #6,488
  • Sep 26, 2007 2:30pm Sep 26, 2007 2:30pm
Of course both are retesting there apropriate resistence areas with PBs forming . I just have a hard time wrapping my mind around longs.
  • #6,489
  • Sep 26, 2007 2:34pm Sep 26, 2007 2:34pm
Quoting raczekfx
It was an observation...not recommendation


You can always take a bounce off 114.60..
Raczekfx,
Your posts are extremely welcome, did not mean to contradict....
Please keep posting all your observations and trades as I am interested as always.
Stay Lucky.

ps Trying to stay away from that EUR_CAD as was stopped out last week 20th on that pair there not in my good books at the moment and I wont be sending them a christrmas card this year.......LOL's
  • #6,490
  • Sep 26, 2007 2:47pm Sep 26, 2007 2:47pm
I am still sticking with this PB from Monday... but tonight moving my stop down to 2.0232.... still not to BE, but at least not a risk of so much loss as stop above the PB.

Target still the ma or bottom of the trangle... which ever comes first...
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  • #6,491
  • Sep 26, 2007 2:54pm Sep 26, 2007 2:54pm
Quoting Tiki Trader
I am still sticking with this PB from Monday... but tonight moving my stop down to 2.0232.... still not to BE, but at least not a risk of so much loss as stop above the PB.

Target still the ma or bottom of the trangle... which ever comes first...
Hm.

Well, anything goes currently, huh. Not an easy moneymaking market anymore....or am I missing the obvious simple setups?

I expect I am.

Could we please rewind to 1.355 EURUSD again?
Trust price. Know yourself.
  • #6,492
  • Sep 26, 2007 2:55pm Sep 26, 2007 2:55pm
Quoting mimas
Raczekfx,
Your posts are extremely welcome, did not mean to contradict....
Please keep posting all your observations and trades as I am interested as always.
Stay Lucky.

ps Trying to stay away from that EUR_CAD as was stopped out last week 20th on that pair there not in my good books at the moment and I wont be sending them a christrmas card this year.......LOL's
I was just teezn', mimas...
besides, i don't really find much values in my observations...

BTW. u/c and e/c PBs were good too me
I closed both longs earlier today.
entries were:
eur/cad 1.4081
usd/cad .9976

trade and be happy ...
  • #6,493
  • Sep 26, 2007 3:10pm Sep 26, 2007 3:10pm
Seeking, I have to admit that very often I can only scratch the surface of your posts and thoughts... Unfortunately, I suppose that shows how very far behind I really am, and also in the back of my mind hoping that I will never have to make things as complicated as you do... ( yes, I know for you it is not complicated )

For now I must keep it simple... and also admit that I refuse to belive that I cannot still be profitable on simple terms...


Quoting SeekingLight
Hm.

Well, anything goes currently, huh. Not an easy moneymaking market anymore....or am I missing the obvious simple setups?

I expect I am.

Could we please rewind to 1.355 EURUSD again?
  • #6,494
  • Sep 26, 2007 3:35pm Sep 26, 2007 3:35pm
[quote=raczekfx;1613454]3hrs before new daily bar forms....[/quote

I like it weekly buob retraced for a chance to next weekly pivot perhaps 1.3700 .Fibs indicate downtrend very much intact and display looks imminent,
Got to be worth a punt , on trend much space south.
Hey seeks get your tl's and extentions on this will ya
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GOD IS NOT SHORT OF CASH
  • #6,495
  • Sep 26, 2007 3:37pm Sep 26, 2007 3:37pm
Closer . Look where where that 61.8% from ages ago is!
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GOD IS NOT SHORT OF CASH
  • #6,496
  • Sep 26, 2007 4:00pm Sep 26, 2007 4:00pm
Quoting Swami S
Hey seeks get your tl's and extentions on this will ya

Don't have enough historic data on EURCAD :/

But there's a fun channel / TLs on USDCAD
Works best drawing these in hindsight, doesn't it

But at the very least that underside retest retrace PB USDCAD is making isn't curve fitted

I still think one should be pretty darn careful with shorts at these extreme levels...it's barely 23.6% of the last fall.
If at all I'd consider a small TF setup or a a break entry with lower risk than usual - but then again I don't like USDCAD anymore anyhow..so - meh.

Still waiting for something useful on weekly and monthly for using any sort of proper position :/

I am much more watching exotics, EURGBP and GBPUSD...been a bit off my game the last 3 days though...make tons of pips here, lose a ton of pips there...bah!


BTW - If USDCAD is supposed to drop, and wiz's AUDCAD supposed to rise like mad - then AUDUSD will have to skyrocket pretty darn hard for that.

Please note the bar has not yet closed.

YIKES - just had big bad lightning&thunder outside...pray for me and my pc!
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Trust price. Know yourself.
  • #6,497
  • Sep 26, 2007 5:16pm Sep 26, 2007 5:16pm
i just want to say i love you all
  • #6,498
  • Sep 26, 2007 5:16pm Sep 26, 2007 5:16pm
i've had a few beers.


g'night
  • #6,499
  • Sep 26, 2007 5:18pm Sep 26, 2007 5:18pm
Quoting the_wizard
i've had a few beers.


g'night
do you live somewhere that the beer is good?
  • #6,500
  • Sep 26, 2007 8:17pm Sep 26, 2007 8:17pm
Quoting the_wizard
i just want to say i love you all
We love you too.

What else can I say? Oh yeah: Cheers!
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