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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

  • #10,661
  • May 8, 2008 6:17am May 8, 2008 6:17am
If you guys and gals haven't seen chins new fib tool. Please take a look. Very nice fib tool and tons of great options. But you will have to watch the video to learn how to use it and what it has to offer.

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File Type: ex4 -Chin Fib All in One Beta 2.ex4   188 KB | 1,133 downloads
  • #10,662
  • May 8, 2008 6:25am May 8, 2008 6:25am
Quoting f4mnect
If you guys and gals haven't seen chins new fib tool. Please take a look. Very nice fib tool and tons of great options. But you will have to watch the video to learn how to use it and what it has to offer.

http://www.youtube.com/watch?v=iUIWqVnFuxU
Wow. Thats cool. Thanks f4.
Indicators show the past. Price Action "Indicates" the future.
  • #10,663
  • May 8, 2008 6:27am May 8, 2008 6:27am
Quoting jarroo
Wow. Thats cool. Thanks f4.

My pleasure hope it helps. He has a few other great tools also. But this is the only one I use.
  • #10,664
  • May 8, 2008 7:08am May 8, 2008 7:08am
Quoting creeper
Keeping an eye on GBPJPY. It goes in hand with GBPUSD rising.
Right where we would expect it!
  • #10,665
  • May 8, 2008 7:17am May 8, 2008 7:17am
My 4H chart also looks different - see attached for latest.

So when do we class this as formed and therefore ready to take a position?

TP
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-TF4H.JPG Size: 90 KB
  • #10,666
  • May 8, 2008 7:23am May 8, 2008 7:23am
Quoting takeprofit
My 4H chart also looks different - see attached for latest.

So when do we class this as formed and therefore ready to take a position?

TP
Only you can decide that, when to take a trade. Check your other reasons to support your trade. Trendlines, S/R levels, Fibs etc.

Different brokers with different GMT times. Price Action usually balances out.

It looks good on my chart. Yours looks good as well.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #10,667
  • May 8, 2008 7:36am May 8, 2008 7:36am
OK

I took the position.

Thanks

Anyone take EURCAD or waiting for it to develop more?

TP
  • #10,668
  • May 8, 2008 9:10am May 8, 2008 9:10am
Looks like a nice PB setting up on the daily EurUsd but it still has close to 8 hours to close on my charts.

Happy pippin'
KC
  • #10,669
  • May 8, 2008 9:14am May 8, 2008 9:14am
Quoting takeprofit
OK

I took the position.

Thanks

Anyone take EURCAD or waiting for it to develop more?

TP
I took a position on the eur/cad thanks to hipsterpipster posting and bringing it to my attention - Thanks man! Right now, we are up by 100 pips since yesterday and I look for it to keep on trucking actually.

As for the gbp/jpy you guys were talking about, we are at the bottom of the range now and it looks to be holding so be on the lookout for good PA at the end of the day unless your already in a position - Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: sr gbpjpy.gif Size: 13 KB
I dream, therefore I become.
  • #10,670
  • May 8, 2008 9:16am May 8, 2008 9:16am
Quoting kc8flq
Looks like a nice PB setting up on the daily EurUsd but it still has close to 8 hours to close on my charts.

Happy pippin'
KC
That looks to be the ticket for the ride back up to 1.60. This downmove is most likely exhausted now and buyers are starting to jump back in.
I dream, therefore I become.
  • #10,671
  • May 8, 2008 9:26am May 8, 2008 9:26am
Althought the prior was a little bit of a lower close, I would still consider this a buob on the eur/usd 4 hour. Am I right in my thinking or no? It's bullish IMO in any case however because the two bars are only around 2 pips off from each other.
On my other charting software, it closed as a true BUOB at 8 AM.
Attached Image (click to enlarge)
Click to Enlarge Name: bullish outside vertical bar on eurusd.gif Size: 14 KB
I dream, therefore I become.
  • #10,672
  • May 8, 2008 9:36am May 8, 2008 9:36am
if the two low are 2 pips apart and the second bar has a higher close it could be classed as a DBLHC - (double bar low with higher close) which is bullish anyway. my platform showing better example of a BUOVB. would be much happier if my bar closes above the yellow area could act as resistance for now.
Attached Image (click to enlarge)
Click to Enlarge Name: carry trade gu1 (long).gif Size: 21 KB
  • #10,673
  • May 8, 2008 9:38am May 8, 2008 9:38am
Quoting woolley
if the two low are 2 pips apart and the second bar has a higher close it could be classed as a DBLHC - (double bar low with higher close) which is bullish anyway. my platform showing better example of a BUOVB. would be much happier if my bar closes above the yellow area could act as resistance for now.
Thanks Woolley, that's how it looks on my other charting software. You'll also notice that we have the exact opposite on the usd/chf - I guess that's a given though. lol
I dream, therefore I become.
  • #10,674
  • May 8, 2008 9:43am May 8, 2008 9:43am
yep i see it, in fact the daily usdchf looks like its gonna end up a BEOVB.
  • #10,675
  • May 8, 2008 10:05am May 8, 2008 10:05am
Quoting woolley
yep i see it, in fact the daily usdchf looks like its gonna end up a BEOVB.
Yep, your right on that. I'll be back posting when my next 4 hour closes in an hour and then at the daily if anything stays or starts looking good.
I dream, therefore I become.
  • #10,676
  • May 8, 2008 11:06am May 8, 2008 11:06am
Ok, on my 4 hour charts which just closed at 12 o' clock, I saw 3 solid trade opportunities and one that I am unsure of so I won't post it or take it as a trade.

First, the eur/usd closed as a BUOVB
Second, the usd/chf closed as a beovb
and Third, the aud/usd closed with a dblhc AND a buovb. I plan on taking a position here after a small retrace to .9415 or .9420.
I dream, therefore I become.
  • #10,677
  • May 8, 2008 12:26pm May 8, 2008 12:26pm
Could someone direct me to where I can learn to post a chart?
Thanks!
  • #10,678
  • May 8, 2008 12:46pm May 8, 2008 12:46pm
Hi everyone! Could someone explane to me about SMA. I have found in this thread 150; 200; 365 SMA, but what is the meaning of theese moving averages? Sorre for a newbie quest...
  • #10,679
  • May 8, 2008 12:54pm May 8, 2008 12:54pm
hows this for a nice pin bar on the 4hr? see the other one to the left also this is on the ema 150 and ema 350 defenlatly worth a shot in my book could be worth watching the other yen pairs could move them all up..
Attached Image
  • #10,680
  • May 8, 2008 1:13pm May 8, 2008 1:13pm
sorry heres another one ive found nzdjpy. pin bar look three time the price has been rejected from the white line, stop loss just below the pin but has the potential to go back up to the ema 150 which isnt a bad risk reward ratio.
Attached Image (click to enlarge)
Click to Enlarge Name: pinb.gif Size: 35 KB
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