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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

  • #7,901
  • Nov 29, 2007 2:11pm Nov 29, 2007 2:11pm
Maybe another one of those flag pole situations... !!! Watch for a break up... !!! ???

Quoting the_wizard
I believe the safest way to play those bars until you are experienced is to play them AWAY from the nose. So in this case you would have been looking to go long.

Apparently you can play pins bars if they break in the opposite direction to the one that is anticipated. In my opinion though I would never have played that short. Its a reversal bar at a swing low. Why would you want to go short there?

P.S. Take a look at the Usd/Jpy one hour...will we see some price action?
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  • #7,902
  • Nov 29, 2007 5:04pm Nov 29, 2007 5:04pm
Thanks for this kind of information James
  • #7,903
  • Nov 29, 2007 5:31pm Nov 29, 2007 5:31pm
Last night bounce down from the 150 ema on 4 hr PB... down to bounce off the 62 ema today... now where are we bouncing to... ???

I am beginning to think the whole Head and shoulders thing here has finished...
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  • #7,904
  • Nov 29, 2007 7:58pm Nov 29, 2007 7:58pm
OK guys.... while no one is saying a word in here... there was a quick 120 pips + !!!
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  • #7,905
  • Nov 29, 2007 8:40pm Nov 29, 2007 8:40pm
OK,here's another one of those triangle thing'ys... I'd really like to see EUR/USD come down to my little blue box for a BUY opportunity on EUR/USD... Can we break the triangle down ??? Or does my triangle even mean anything at all...????

OMG !!! Do I see the beginnings of a Head and Shoulders forming here ......???? ( I dream H & Ss sometimes.... sorry !!! )
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  • #7,906
  • Nov 29, 2007 8:51pm Nov 29, 2007 8:51pm
Head and Shoulders forming ????

Ok OK... nevermind... no one here to scold me.... going to bed !!!
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  • #7,907
  • Nov 29, 2007 8:54pm Nov 29, 2007 8:54pm
OK OK OK one more... I said to break the triangle down to my little box for a buy opportunity... but if the Head and Shoulders were to work out... that would mean a larger correction on EUR/USD and that we have already hit top for now...

Ya Ya I'm crazy... what the heck... now off to bed...
  • #7,908
  • Nov 29, 2007 8:55pm Nov 29, 2007 8:55pm
Quoting Tiki Trader
OK guys.... while no one is saying a word in here... there was a quick 120 pips + !!!
Hi, Tiki! Why you decided to to take this trade, is it b/c it bounced of this red MA, and a big spinner was there? There was no pin bar there. And could you please tell, which MAs do you use on this G/Y 4H chart of yours.
  • #7,909
  • Nov 29, 2007 8:59pm Nov 29, 2007 8:59pm
Quoting Tiki Trader
OK,here's another one of those triangle thing'ys... I'd really like to see EUR/USD come down to my little blue box for a BUY opportunity on EUR/USD... Can we break the triangle down ??? Or does my triangle even mean anything at all...????

OMG !!! Do I see the beginnings of a Head and Shoulders forming here ......???? ( I dream H & Ss sometimes.... sorry !!! )
I think your triangle means a lot and I expect this move as well.
  • #7,910
  • Edited 9:32pm Nov 29, 2007 9:21pm | Edited 9:32pm
It's because over the last week or two in this thread I have posted several triangles and other thoughts... they have all worked out... !!! I can't believe it !!! Something really is worng with me... it must just be some little run of luck... surely cannot continue... this is just not like me... I am very very worried about it... How could tiki be right so many times ??? Just does not seem normal...

Tonight I was just foolling around and drew that little trend line on GBP/JPY... I was thinking hey well, this might ought to just go up a bit... I saw it bouncing off the trend line... it was just a thought... I made no trade... I went out to eat with my wife. Came home, and there it was 120 pips or so higher... I was dumbfounded... again... I just don't get it....

The ma's I usually use are 62ema (red ) 200ema ( white ) and 800 (SMA Blue ) they tell me overall trend direction when they are lined up in red white and blue... and they are great ma's... price often goes to them, so they make great profit targets... sometimes I add in 150 ema and 365 ema as in that chart.

Quoting alexfot
Hi, Tiki! Why you decided to to take this trade, is it b/c it bounced of this red MA, and a big spinner was there? There was no pin bar there. And could you please tell, which MAs do you use on this G/Y 4H chart of yours.
  • #7,911
  • Nov 29, 2007 9:27pm Nov 29, 2007 9:27pm
Let us hope so... I have taken the trade short already, casue I really gotta go to sleep... but only a very small amount of trade size... surely I could not be right yet again... the fact that I traded it will most certainly make it lose... right ???

Short @ 1.4740 stop @ 1.4790 Target 1.4640

Quoting alexfot
I think your triangle means a lot and I expect this move as well.
  • #7,912
  • Nov 29, 2007 10:26pm Nov 29, 2007 10:26pm
Quoting Tiki Trader
Let us hope so... I have taken the trade short already, casue I really gotta go to sleep...
Have you considered decaf?...........................
  • #7,913
  • Nov 29, 2007 10:54pm Nov 29, 2007 10:54pm
" ... Something really is wrong with me... it must just be some little run of luck... surely cannot continue... this is just not like me... I am very very worried about it... How could tiki be right so many times ??? Just does not seem normal... "

Hey Tiki Trader,
I think you can blame this one on progress!
  • #7,914
  • Nov 30, 2007 1:20am Nov 30, 2007 1:20am
Quoting Tiki Trader
OK,here's another one of those triangle thing'ys... I'd really like to see EUR/USD come down to my little blue box for a BUY opportunity on EUR/USD... Can we break the triangle down ??? Or does my triangle even mean anything at all...????

OMG !!! Do I see the beginnings of a Head and Shoulders forming here ......???? ( I dream H & Ss sometimes.... sorry !!! )
Hey tiki,
looks like good analysis (actuallly looks the same as mine)I will be looking for price action around the 4600 area too, great work tikiiiiiiiiiiii (go tiki go tiki!) take care, Raz
Never say never.
  • #7,915
  • Nov 30, 2007 5:37am Nov 30, 2007 5:37am
But so far not working so well on this one... now we are trading above the 62 ema on 1 hr... not a good sign... BUT Friday's are always exciting days... ! Do I dare put a buy order above the triangle...???????????????
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  • #7,916
  • Edited 6:01am Nov 30, 2007 5:59am | Edited 6:01am
Quoting Tiki Trader
But so far not working so well on this one... now we are trading above the 62 ema on 1 hr... not a good sign... BUT Friday's are always exciting days... ! Do I dare put a buy order above the triangle...???????????????
Tiki,
the SAFEST thing to do, but you may miss the boat, is to wait for the breach and a pullback to the trendline...of course, if it takes off youre stuffed, your call, take care Raz
ah I just remembered you will be off to work so you will have to decide whether to leave an order in or not, sorry Im not much help!
Never say never.
  • #7,917
  • Nov 30, 2007 6:16am Nov 30, 2007 6:16am
THAT's the problem for sure !!! Work always conflilcts with trading !!! Still got a couple of hours to go before work... we will see... whenever I leave pending orders... I always lose !!!!!!

Quoting razldazl
Tiki,
the SAFEST thing to do, but you may miss the boat, is to wait for the breach and a pullback to the trendline...of course, if it takes off youre stuffed, your call, take care Raz
ah I just remembered you will be off to work so you will have to decide whether to leave an order in or not, sorry Im not much help!
  • #7,918
  • Nov 30, 2007 6:38am Nov 30, 2007 6:38am
Quoting Tiki Trader
I was dumbfounded... again... I just don't get it....
This is the difficulty coping with "accepting that it really is simple" bit. After so many people talk about Bloomberg, news, indicators and 50 other factors, we're led to believe "it can't be this simple". Well, it is.

What's really incredibly difficult is coping with it and being able to bounce and change direction as swiftly as the market can(on the lower timeframes).

Sure hope you kept that EURCHF, else no champagne for you tonight! ;p

P.S. I second the Decaf suggestion Either that or tell Mr. Trend to stop pouring liquid speed into your breakfast cereal
Trust price. Know yourself.
  • #7,919
  • Nov 30, 2007 6:54am Nov 30, 2007 6:54am
AH yes... EUR/CHF.... broke UP after that IB... ( see seeking, I'm learning !!! ) good good good !!!! Now where's that glass of champagne... ???

But getting that pull back on EUR/USD is gonna be tough now that Bernanke unzipped again... worried about the economy and all that stuff... setting up stage to lower interest rates again no doubt... we'll be lucky if that doesn't spark off the rally to 1.5000

yeah, mr trend and I are always out back behind the barn doing forex... but he always gets higher than me !!



Quoting SeekingLight
This is the difficulty coping with "accepting that it really is simple" bit. After so many people talk about Bloomberg, news, indicators and 50 other factors, we're led to believe "it can't be this simple". Well, it is.

What's really incredibly difficult is coping with it and being able to bounce and change direction as swiftly as the market can(on the lower timeframes).

Sure hope you kept that EURCHF, else no champagne for you tonight! ;p

P.S. I second the Decaf suggestion Either that or tell Mr. Trend to stop pouring liquid speed into your breakfast cereal
  • #7,920
  • Nov 30, 2007 7:42am Nov 30, 2007 7:42am
Quoting Tiki Trader
AH yes... EUR/CHF.... broke UP after that IB... ( see seeking, I'm learning !!! ) good good good !!!! Now where's that glass of champagne... ???
But EUR/CHF getting to be about due for a pull back to 1.6440 area maybe before getting much higher...
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