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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

  • #9,261
  • Feb 23, 2008 3:09pm Feb 23, 2008 3:09pm
Quoting shayb
I think this is PB on monthly chart, can someone confirm it? long noose small body with beatiful eyes.... low of an up trand..
Yep, thatīs a beautiful one. It is still valid as it has not yet triggered (and not invalidated by breaking the low).

Take care
RM
  • #9,262
  • Feb 23, 2008 10:59pm Feb 23, 2008 10:59pm
Thanks Ghous, appreciate your help, Its is a great tool. Thanks for sharing.

Jattputt

Quoting ghous
Hi there! it's an mt4 indicator it had more options too it, but i got it edited to show me only the times that were relevant to me...i'll have it attatched for you...

so this is the modified one, let me know if you want the original i just felt it takes more space than i want it to, and some irrelevant stuff as i mentioned earlier.

enjoy!

regards,
Ghous
Find an Edge. Only way to succeed in this business.
  • #9,263
  • Feb 24, 2008 2:14am Feb 24, 2008 2:14am
Quoting jattputt
Thanks Ghous, appreciate your help, Its is a great tool. Thanks for sharing.

Jattputt
My pleasure!
I believe . . .
  • #9,264
  • Feb 25, 2008 2:30pm Feb 25, 2008 2:30pm
Hi All

Is This a good PB?

THE HIGER OF THE PIN IS SK RESISTANCE

Thanks
Shay
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  • #9,265
  • Feb 25, 2008 2:44pm Feb 25, 2008 2:44pm
Hey Shayb,

That's not really a pin bar. The open and close are too high and right in the middle of the bar. And price wasnt at a swing high/low.
Worked out pretty well though.

Tom
  • #9,266
  • Feb 25, 2008 2:51pm Feb 25, 2008 2:51pm
Quoting moneybags
Hey Shayb,

That's not really a pin bar. The open and close are too high and right in the middle of the bar. And price wasnt at a swing high/low.
Worked out pretty well though.

Tom
Thanks...thought so...
  • #9,267
  • Feb 25, 2008 7:40pm Feb 25, 2008 7:40pm
CAD made a bit of a suprise today by gaining strength after various announcements and by CTA's buying (at least, alledgedly as reported by TTN), and it seems it may continue to gain across the board in the short term. Can be seen technically on the USD/CAD chart as H&S completing right shoulder on the daily and 1hr chart. I personally thought CAD will weaken although had already TP'd on my BUOB trade a few days back, lucky timing it was as well. Now observing the U/CAD chart again I completely overlooked a great signal on the 4h (BEOB +50% Retrace) which led to today's huge swing down. Goes to show how easily market information can go unnoticed!

Also here's a new potential setup in a CAD pair, which IMHO will be a good currency to trade in the next few days. AUDCAD TBHLC with friday as a proxy for the matching high. Will enter on the 50% retrace with a fairly tight stop.
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  • #9,268
  • Feb 25, 2008 8:02pm Feb 25, 2008 8:02pm
Quoting bobblong
CAD made a bit of a suprise today by gaining strength after various announcements and by CTA's buying (at least, alledgedly as reported by TTN), and it seems it may continue to gain across the board in the short term. Can be seen technically on the USD/CAD chart as H&S completing right shoulder on the daily and 1hr chart. .
I have been documenting this trade in the PF for weeks now. Here is the scenario I had expected to play out, and so far it is on track to keep going(next stop breakout and pullback chart 1)

Chart 2 was my original chart. I think this is a good pair to have on the old watchlist

Mike
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  • #9,269
  • Feb 25, 2008 8:08pm Feb 25, 2008 8:08pm
Beautiful. Great job mbqb11.
  • #9,270
  • Feb 25, 2008 8:13pm Feb 25, 2008 8:13pm
Quoting bobblong
Beautiful. Great job mbqb11.
Lol not yet bob

I don't like to play in the tight spaces so i have yet to profit from anything. But I am waiting for the breakout(if it happens), and will act accordingly :




Mike
  • #9,271
  • Feb 25, 2008 8:46pm Feb 25, 2008 8:46pm
Quote
But I am waiting for the breakout(if it happens), and will act accordingly :

Great minds think alike. lol

I've drawn mine as just a support line though, wasn't looking at the H & S.

I've grown to like the looney recently. It often does its own thing.
Bundy's status today: "Waiting..."
  • #9,272
  • Feb 26, 2008 11:49am Feb 26, 2008 11:49am
Arrgh!

Bloody alerts! WAS having the best sleep!

Enough to make you ....Looney

At least they were "Happy Alerts"

Time to protect some profits.
Bundy's status today: "Waiting..."
  • #9,273
  • Feb 26, 2008 12:36pm Feb 26, 2008 12:36pm
Here's the update on yesterday's setup, shorted it at previous week's 50% as that's where it wanted to stop and corresponded with a resistance. Looking to hold this for a while to around the .8800's if possible. On friday we have FX options expiring which includes the AUD. This area on the AUDUSD should be the temporary top. CAD well.. let's just hope it remains relentless and gains over the next couple of weeks as it has been doing.
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  • #9,274
  • Feb 26, 2008 1:30pm Feb 26, 2008 1:30pm
Quoting mbqb11
I have been documenting this trade in the PF for weeks now. Here is the scenario I had expected to play out, and so far it is on track to keep going(next stop breakout and pullback chart 1)

Chart 2 was my original chart. I think this is a good pair to have on the old watchlist

Mike
Coolies. I'm in along with whoever else is on board.

My own reasoning / chart interpration => journal for all the PF members
(TL break being one of several of them, but didn't realize that the right side may just form a shoulder, too, very nicely done Mike!)

Also EURUSD / GBPUSD had quite a few very nice setups on both 4h and daily..(EU -> 4h PBs, another entry off of one of the J16 systems this morning for another reason, GU -> daily IB and kaboooooom today..the USD is having a rather bad week, isn't it..)

Gotta go, just a quick sign of life
Trust price. Know yourself.
  • #9,275
  • Feb 26, 2008 1:59pm Feb 26, 2008 1:59pm
I've come to the rather dramatic conclusion that Gbp/Chf is about to fall off a cliff in the coming days. It is what I feel the price action is telling me. There is no particular setup just a gut feeling from watching it move very closely over the last few weeks. Hope you are all well and sorry to disturb
  • #9,276
  • Feb 26, 2008 2:30pm Feb 26, 2008 2:30pm
Quoting the_wizard
I've come to the rather dramatic conclusion that Gbp/Chf is about to fall off a cliff in the coming days. It is what I feel the price action is telling me. There is no particular setup just a gut feeling from watching it move very closely over the last few weeks. Hope you are all well and sorry to disturb
I agree
  • #9,277
  • Feb 26, 2008 2:34pm Feb 26, 2008 2:34pm
Quoting the_wizard
I've come to the rather dramatic conclusion that Gbp/Chf is about to fall off a cliff in the coming days. It is what I feel the price action is telling me. There is no particular setup just a gut feeling from watching it move very closely over the last few weeks. Hope you are all well and sorry to disturb
Looks like a setup to me
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  • #9,278
  • Feb 26, 2008 2:51pm Feb 26, 2008 2:51pm
Hi All

Nice day, i missed it .

is it a good PB...? I am planing to enter in 50% ret

Thanks
Shay
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  • #9,279
  • Feb 26, 2008 5:28pm Feb 26, 2008 5:28pm
Quoting shayb
Hi All

Nice day, i missed it .

is it a good PB...? I am planing to enter in 50% ret

Thanks
Shay
Don't stress Shay, we are waiting for a retracement anyway on this pair. I played an Outside bar or Inside bar (can't remember!) and I'm out, waiting for a good re-entry. Wasn't expecting to have a trade at the point. It just showed up in front of me.

You missed the pin retrace here. So did I. (And I don't care. Neither should you. )

The last thing you want to do is get upset at missing an oppurtunity. They happen all the time. We just need to wait.
Getting toey is the road to ruin.
Bundy's status today: "Waiting..."
  • #9,280
  • Feb 26, 2008 9:19pm Feb 26, 2008 9:19pm
nu
.
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