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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

Now...

EurJpy daily BUOB off trend line I likey.
Bundy's status today: "Waiting..."
Quoting bundyraider
Now...

EurJpy daily BUOB off trend line I likey.
Yep, I got in on that one too. Good stuff man!
I dream, therefore I become.
If we would see a confirmation bar tomorrow for the gbp/chf, then I think we would test the bottom of that previous consolidation area around 2.12. Either way, the PA will show us which way to go if it happens or not. Best of luck trading, everybody.
I dream, therefore I become.
Quoting bundyraider
Now...

EurJpy daily BUOB off trend line I likey.
I think you meant to say the 4 bar.
Indicators show the past. Price Action "Indicates" the future.
Quoting mike w
Yep, I got in on that one too. Good stuff man!
A lot bullish price bars on Euro pairs (except EURUSD), but many up against retracement and support=>resistance levels.

EuroUSD against it. Looks like USD buying is countering. Maybe this proves the uncertainty of the pin bar on this pair.

Really need to be careful about which pairs are traded here.

They never make it easy do they?
Bundy's status today: "Waiting..."
Quoting mike w
If we would see a confirmation bar tomorrow for the gbp/chf, then I think we would test the bottom of that previous consolidation area around 2.12. Either way, the PA will show us which way to go if it happens or not. Best of luck trading, everybody.
Hey man,
What would qualify as a confirmation bar? I'm just curious what you mean by that as I like much of what I've read from your posts.

Thanks,
TFX (aka Chris)
"Timing Is Everything. Really I Swear It Is"
I agree Bundyraider. They are nice pins but I don't think they are good situations. My guess is that the Yen pairs will continue down...the USD will continue being sold. There is so much downward pressure in the other direction.. I don't feel the equity markets are going to make a comeback this week either.

I am trading the weekly PA confirmation bars!
4hr pin off of PPZ for a short
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Quoting TexasforEX
Hey man,
What would qualify as a confirmation bar? I'm just curious what you mean by that as I like much of what I've read from your posts.

Thanks,
TFX (aka Chris)
A standard bullish bar, with good close in the highest part of the bar.

Sometimes a setup can look a little shakey and the best approach is to wait for a confirming bar.

A lot of the bullish PA we are seeing today is due to the Sunday bar (on IBFX charts), so needs to be taken with that in mind.

Maybe mike will verify this later for you.
Bundy's status today: "Waiting..."
yup with you here.
H&S possible will watch daily bar low then hopefully get to stay in and even add through .9750

have you seen our usd sgd? D1 beob, waiting 4hr retracement.
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GOD IS NOT SHORT OF CASH
that PPZ is also the 38.2 retracement of the latest downward move since feb 20th
Hindsight is 20/20
Quoting Swami S
yup with you here.
H&S possible will watch daily bar low then hopefully get to stay in and even add through .9750

have you seen our usd sgd? D1 beob, waiting 4hr retracement.
Yeah, not much 4hr confirmation but high probs for the drop..
Quoting jarroo
I think you meant to say the 4 bar.
Nah, daily.

IBFX charts?

It's not the strongest close anyway is it?

The trend line reaction is more what I'm after here. Waiting to get in still. Not convinced yet.
Bundy's status today: "Waiting..."
Quoting bundyraider
Nah, daily.

IBFX charts?

It's not the strongest close anyway is it?

The trend line reaction is more what I'm after here. Waiting to get in still. Not convinced yet.
I don't see it. Post a chart.
Indicators show the past. Price Action "Indicates" the future.
Quoting jarroo
I don't see it. Post a chart.
No worries mate.
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Bundy's status today: "Waiting..."
Quoting bundyraider
No worries mate.
thanks.
Indicators show the past. Price Action "Indicates" the future.
Here are the setups I'm ready to play, usdcad not looking so great, but I'm gonna let it ride. Will cancel if they get out of hand...comments are always appreciated!
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Hindsight is 20/20
Quoting bundyraider
A standard bullish bar, with good close in the highest part of the bar.

Sometimes a setup can look a little shakey and the best approach is to wait for a confirming bar.

A lot of the bullish PA we are seeing today is due to the Sunday bar (on IBFX charts), so needs to be taken with that in mind.

Maybe mike will verify this later for you.
Just a little more clarification, would a confirming bar in this case be a BUOVB totally engulfing the previous bar? Or would it just need to close on the highest part of the bar? Thanks.
I did not place a stop on my trade, and what a great example of price being rejected at the pin high. Still in play as it was not broke.
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Tempted to move stop to just above .9905
GOD IS NOT SHORT OF CASH
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