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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

  • #1,681
  • Dec 21, 2006 7:26am Dec 21, 2006 7:26am
Quoting cipher4d
The 15 min/30 min is where I get it now. Thanks
there is also a minor Price Pivot in there that was important for me

Take care,
Mike
  • #1,682
  • Edited 7:45am Dec 21, 2006 7:34am | Edited 7:45am
cad stop hit on news -10 re entered pound short at 1.9615 10 pt stop

target 1.9572 fib ext and weekly pivot if it cuts through that lets look too the 1.9545

edit __ closed at +10, Im going back to bed lol,

good luck guys

Mike
  • #1,683
  • Dec 21, 2006 7:50am Dec 21, 2006 7:50am
Closed for just over 100, then re-entered short at 1.9600. Targetting 1.9520-30.
Keeping it Simple
  • #1,684
  • Dec 21, 2006 8:00am Dec 21, 2006 8:00am
pins on 30 min though, usd chf double top pin(near price pivot) , hmm should i go short on it or just go to bed lol
  • #1,685
  • Dec 21, 2006 8:21am Dec 21, 2006 8:21am
Hi, without wanting to distract too much and go off topic too far, but...

seeing this 4h action I was strongly reminded of a daily pattern, I looked back and compared the two.....back then the result was a strong rise from the 50% of the last drop down, exactly where we are now if one would humor the pattern and take it serious....

Is anyone bored enough to comment?

I personally find it creepy how similiar it all is...
Did this with daily + daily from a few years back before, it lined up roughly, too...

Too big for inline, so here is the link.
Trust price. Know yourself.
  • #1,686
  • Dec 21, 2006 8:38am Dec 21, 2006 8:38am
Quoting mbqb11
pins on 30 min though, usd chf double top pin(near price pivot) , hmm should i go short on it or just go to bed lol
Wanna flip a coin???:
Keeping it Simple
  • #1,687
  • Dec 21, 2006 8:41am Dec 21, 2006 8:41am
Quoting SeekingLight
Hi, without wanting to distract too much and go off topic too far, but...

seeing this 4h action I was strongly reminded of a daily pattern, I looked back and compared the two.....back then the result was a strong rise from the 50% of the last drop down, exactly where we are now if one would humor the pattern and take it serious....

Is anyone bored enough to comment?

I personally find it creepy how similiar it all is...
Did this with daily + daily from a few years back before, it lined up roughly, too...

Too big for inline, so here is the link.
Looked like the same chart to me... freaky.
Keeping it Simple
  • #1,688
  • Dec 21, 2006 9:38am Dec 21, 2006 9:38am
Just left my 1.9689 short after +104.
1h PA at the low(pivot+61.8%+EMA) scared me too much (looks like a very bad pin bar) and the last time we ended up with a rise of 290+ pips, so I'd rather book what I have


I'm still miffed that my USDJPY long I took after we finally broke higher got stopped at 117.95 which was to the pip the reversal spot and is now back above my former entry pice.....My stops are always the best entries, maybe I should just try to trade around that

Take care everyone!
Trust price. Know yourself.
  • #1,689
  • Dec 21, 2006 10:18am Dec 21, 2006 10:18am
Looks like that was a good call. One coulda bought that 61.8% touch for a quick 60!
Almost sad to see the almost same move happen in 2 hours that you waited 7 hours for


Since I'm always bored when out of a position, I made a nice 1h overview of s/r zones and possible playouts / places to watch for cable....

There is a lot at once, so don't get confused, just go by the lines, the arrows are just to illustrate the touches / price reaction

Best regards,

SeekingLight
Attached Image
Trust price. Know yourself.
  • #1,690
  • Dec 21, 2006 11:14am Dec 21, 2006 11:14am
Hi there, quick question and i figured you guys would know best about this. Should a pin bar that is created because of a news rally be considered void? Because if so there is one on the GBP/USD.
I dream, therefore I become.
  • #1,691
  • Dec 21, 2006 11:20am Dec 21, 2006 11:20am
hey, a pin bar is a pin bar. Its where it is and what time of day that makes it more important to me. I personally dont take new trades around this time of day because everything thins out or just trickles real slow. I want some *umph* behind my trades lol

hope that helps,
Michael
  • #1,692
  • Dec 21, 2006 11:24am Dec 21, 2006 11:24am
Yeah it helped more than you know man haha im learning everything that i can so that i can contribute in a good way for everybody in the factory. Thanx a lot.
I dream, therefore I become.
  • #1,693
  • Dec 21, 2006 11:32am Dec 21, 2006 11:32am
keep it up and just practice it over and over and if u have the money for the PF it blows this thread away times 100

best,
mike
  • #1,694
  • Dec 21, 2006 11:39am Dec 21, 2006 11:39am
well, in about a month or so i hope to have it and then ill be in...i was gonna join a long time ago but then things got crazy haha, anyways everybody have a great holiday
I dream, therefore I become.
  • #1,695
  • Dec 21, 2006 11:42am Dec 21, 2006 11:42am
I'm just starting here and need some confirmation please.

On daily chart. The uprend from 1.8834 to 1.9843 is followed by consolidation that formed "flag" pattern. So we should see strong uptrend continuation if current down channel is broken?
  • #1,696
  • Dec 21, 2006 12:14pm Dec 21, 2006 12:14pm
Quoting Arnas L
The uprend from 1.8834 to 1.9843 is followed by consolidation that formed "flag" pattern.
Hi Arnas,
I have no idea as that formation isn't part of Jame's Price Action to the best of my knowledge. Have no experience with flags other than seeing them hanging around poles and windows at times

But since I am STILL bored, I just wanted to show how short term support turns to short term resistance at the current price chart....if you drop down to 1 hour you can see how price got pushed back at least 30 pips from it.

It also coincided with a longer term trendline from the top / high, but I didn't include it in the gif so as not to clutter it too much. The point I want to make works well enough without it
S->R and vice versa.

Regards,

SeekingLight
Attached Image
Trust price. Know yourself.
  • #1,697
  • Dec 21, 2006 12:31pm Dec 21, 2006 12:31pm
And finally, a question for Habeeb and the other more experienced folks...

Habeeb always says think of a PB like a compressed Head and Shoulders...

So, we just had one, the USDCHF example was posted here, too.

Now the EURUSD had pretty much the same thing. BUT, now looking at things here, as well as cable, it seems we might get the same thing in the opposite direction, but after the tinyest of swings...are we looking to go long at the right shoulder that's to come? Or best to stay out after all this two-way ranging and thrashing? If in doubt and all that...

Here, I even made the two camps a pretty color each
Attached Image
Trust price. Know yourself.
  • #1,698
  • Dec 21, 2006 12:48pm Dec 21, 2006 12:48pm
Quoting SeekingLight
And finally, a question for Habeeb and the other more experienced folks...

Habeeb always says think of a PB like a compressed Head and Shoulders...

So, we just had one, the USDCHF example was posted here, too.

Now the EURUSD had pretty much the same thing. BUT, now looking at things here, as well as cable, it seems we might get the same thing in the opposite direction, but after the tinyest of swings...are we looking to go long at the right shoulder that's to come? Or best to stay out after all this two-way ranging and thrashing? If in doubt and all that...

Here, I even made the two camps a pretty color each
Hehe ... nice colors bro.
You should check the fiber 4hr chart. It's much more clear.
Keeping it Simple
  • #1,699
  • Dec 21, 2006 12:52pm Dec 21, 2006 12:52pm
Quoting Arnas L
I'm just starting here and need some confirmation please.

On daily chart. The uprend from 1.8834 to 1.9843 is followed by consolidation that formed "flag" pattern. So we should see strong uptrend continuation if current down channel is broken?
Yes, that's correct. Probably a retest of the recent high.
Keeping it Simple
  • #1,700
  • Dec 21, 2006 1:22pm Dec 21, 2006 1:22pm
Quoting habeeb
Hehe ... nice colors bro.
You should check the fiber 4hr chart. It's much more clear.

It is?

Sorry if I'm a bit thick currently, but for me there's just the same thing in green on there if you ask me, temporary pinlike thing now, but really coming down from another on daily...it's all wiggedywhack
Trust price. Know yourself.
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