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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

  • #1,581
  • Dec 19, 2006 4:08pm Dec 19, 2006 4:08pm
Good point , I have been short for some time and will scale up if tbl breaks.
Best wishes
Swami S
Quoting moneybags
Hey everyone,

What are you guys thinking about the EURCHF.
We have Bearish bias on the monthly (due to Pin bar) and today it really tested that high point but failed.

There's a big H4 sell Pin that happened and now we have a Trible Bar low.
I figure if it breaks through that it'll be good for some pips.
The Daily could form a pin by the end of the day which would be a good sign for everyone who's thinking (or already in) short.
GOD IS NOT SHORT OF CASH
  • #1,582
  • Dec 19, 2006 5:19pm Dec 19, 2006 5:19pm
Quoting habeeb
This 4hr Pin Bar looks tempting. At the top of a rising wedge. I think I'll take it with a 30 pip stop.
Damn.... this one shot up out of nowhere. Got burned on this one as I took it as well Habeeb. Luckily the s/l wasn't too big.
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  • #1,583
  • Dec 19, 2006 5:30pm Dec 19, 2006 5:30pm
ya that was the nzd news this evening, moved nicely

merlin said this should have been marked red not orange on the homepage

best,

mike
  • #1,584
  • Dec 19, 2006 7:42pm Dec 19, 2006 7:42pm
Dear all,
-does anybody have Vegas wealth builder doc? the original one?
-What does EA, LOL stand for?
-I read Highway 3000 post about alert system in MT4, i how did you do that? may i get the file to do so?
-I also read firedave blogs about online forex company, can anybody help me to find a really good forex onlien company that don't scam?
-Does anyone know any good online forex company in OZ, swiss and USA?
Thank you
  • #1,585
  • Dec 19, 2006 8:42pm Dec 19, 2006 8:42pm
GOT ME ALSO.
Quoting moneybags
Damn.... this one shot up out of nowhere. Got burned on this one as I took it as well Habeeb. Luckily the s/l wasn't too big.
  • #1,586
  • Dec 20, 2006 12:59am Dec 20, 2006 12:59am
Quoting moneybags
Damn.... this one shot up out of nowhere. Got burned on this one as I took it as well Habeeb. Luckily the s/l wasn't too big.
Sux ... from now on I'm only trading the pairs that gives profit.

Thought I'd throw a chart to start the day off. Pin on Nasdaq100. Not at an extreme high, but off the trendline of the recent uptrend.
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Keeping it Simple
  • #1,587
  • Dec 20, 2006 2:01am Dec 20, 2006 2:01am
Huge BeOB on cable. Might see the Daily Pivot tested. Looks like we're going to have one of those crazy weeks.
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Keeping it Simple
  • #1,588
  • Dec 20, 2006 2:07am Dec 20, 2006 2:07am
1.9670 area pretty heavy resistance if that breaks you can almost bet the daily pivot will be tested


should be fun
  • #1,589
  • Dec 20, 2006 2:25am Dec 20, 2006 2:25am
Quoting mbqb11
1.9670 area pretty heavy resistance if that breaks you can almost bet the daily pivot will be tested

should be fun
Yup, got that in mind. Maybe test the Pivot with a big pin, before heading up again.
This looks like a nice entry for the BeOB.
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Keeping it Simple
  • #1,590
  • Dec 20, 2006 2:31am Dec 20, 2006 2:31am
Quoting habeeb
Yup, got that in mind. Maybe test the Pivot with a big pin, before heading up again.
This looks like a nice entry for the BeOB.
yes short now
  • #1,591
  • Dec 20, 2006 3:00am Dec 20, 2006 3:00am
Boyz, I've tried one trade earlier and stopped.

Look at the price action on cable.

I think this is one of those times of year where the big boys get to play with us!

Besides, the current chart doesn't sit well with me at all. I think it's time to crack open those Xmas drinks and enjoy!!!
Bundy's status today: "Waiting..."
  • #1,592
  • Dec 20, 2006 3:02am Dec 20, 2006 3:02am
Long @ 9720 stop & reverse @ 1.9669 targetting 9600.
  • #1,593
  • Dec 20, 2006 3:23am Dec 20, 2006 3:23am
Hi,

without wanting to deny either the BEOB or the fact that cable is thoroughly overstretched - seemingly, we've been down this road for 1000 pips before - but just yesterday Habeeb said he's looking for a place to go long as Gold pinned.
Now it went up all day and is higher. Why are we looking to short?
AUDUSD and NZDUSD are higher accordingly, EURUSD moved over a trendline and is holding/bouncing from it, USDCHF is contained below an EMA....

I am long from 1.9700 from an EMA touch with a VERY small stop and will stay so until the BOE minutes kill me in 10

I think both perspectives are currently viable, only time will tell which one wins out this time

Trading ahead of these red news is prolly suicide anyway


Best wishes,

SeekingLight
Trust price. Know yourself.
  • #1,594
  • Dec 20, 2006 3:28am Dec 20, 2006 3:28am
Quoting bundyraider
Boyz, I've tried one trade earlier and stopped.

Look at the price action on cable.

I think this is one of those times of year where the big boys get to play with us!

Besides, the current chart doesn't sit well with me at all. I think it's time to crack open those Xmas drinks and enjoy!!!
I'll join you with my cough syrup ...
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Keeping it Simple
  • #1,595
  • Dec 20, 2006 3:35am Dec 20, 2006 3:35am
Quoting SeekingLight
Hi,

without wanting to deny either the BEOB or the fact that cable is thoroughly overstretched - seemingly, we've been down this road for 1000 pips before - but just yesterday Habeeb said he's looking for a place to go long as Gold pinned.
Now it went up all day and is higher. Why are we looking to short?
AUDUSD and NZDUSD are higher accordingly, EURUSD moved over a trendline and is holding/bouncing from it, USDCHF is contained below an EMA....

I am long from 1.9700 from an EMA touch with a VERY small stop and will stay so until the BOE minutes kill me in 10

I think both perspectives are currently viable, only time will tell which one wins out this time

Trading ahead of these red news is prolly suicide anyway


Best wishes,

SeekingLight
'Cos we're greedy
Shorting to our long entry point. Pullback to the trendline.
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Keeping it Simple
  • #1,596
  • Dec 20, 2006 3:47am Dec 20, 2006 3:47am
Hehe sounds like someone has been watching movies: "Greed is good"

Anyway, wanted to attach the EURUSD trendline I meant...either it breaks the EURUSD trendline and goes to the cable one, or EURUSD holds and EURGBP offset compensates, is what I'm thinking....that's why I entered long, considering EURGBP only knows one direction anyway
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Trust price. Know yourself.
  • #1,597
  • Dec 20, 2006 4:03am Dec 20, 2006 4:03am
Quoting habeeb
Shorting to our long entry point. Pullback to the trendline.
I like that one.
I might enter a long if it bounces off of that trend line.

I'm not comfortable trading any other scenario at the minute. The markets choppy on the pairs I'm watching.

...well at least to me!! LOL

...hmmm... maybe a Scotch and ummm.... flat coke.... might do the trick. ( )

Government Wallet Health Warning: Don't drink and trade.
Bundy's status today: "Waiting..."
  • #1,598
  • Dec 20, 2006 4:36am Dec 20, 2006 4:36am
Habeeb I see the daily weekly and monthly pivots on your charts Do they come into play similar to the fibs? A while back I looked at the day pivots how the gbpusd responded to them over a 3 or 4 month time and I never picked up any significance. What's your experience?



Quoting habeeb
Huge BeOB on cable. Might see the Daily Pivot tested. Looks like we're going to have one of those crazy weeks.
  • #1,599
  • Dec 20, 2006 4:55am Dec 20, 2006 4:55am
Quoting goodthings
Habeeb I see the daily weekly and monthly pivots on your charts Do they come into play similar to the fibs? A while back I looked at the day pivots how the gbpusd responded to them over a 3 or 4 month time and I never picked up any significance. What's your experience?
Pivot Points are like S/R points. For some reason, price is attracted to these points. Probably because the big boys use them, or probably because it's the most used system out there.
The way I understand it, if price opens above the pivot point, you look to buy, and if price closes below, you look to sell. But I've noticed that price usually tests the pivot first before taking off ... well, not always.
Maybe someone that uses a Pivot based system can shed some more light on this.
Keeping it Simple
  • #1,600
  • Dec 20, 2006 6:21am Dec 20, 2006 6:21am
Quoting Forex Man
Dear all,
-does anybody have Vegas wealth builder doc? the original one?
-What does EA, LOL stand for?
-I read Highway 3000 post about alert system in MT4, i how did you do that? may i get the file to do so?
-I also read firedave blogs about online forex company, can anybody help me to find a really good forex onlien company that don't scam?
-Does anyone know any good online forex company in OZ, swiss and USA?
Thank you
James, Habeeb, anybody? Pls give me information for those questions...
Thank you
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