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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

  • #2,361
  • Jan 26, 2007 8:31am Jan 26, 2007 8:31am
and remember there is a hanging man on that chart too.any comment pls? thx
  • #2,362
  • Jan 26, 2007 9:39am Jan 26, 2007 9:39am
I would not trying to go long, because price reached resistance level made on 1998.06-08. Eventually only after breakout of this resistance. Also we have negative divergence on monthly chart.

Quoting parlenk
here is another chart.this is gbp-jy.on 4H.there are 2 signal that potential.the last signal tell me to go long as it double bar higher close.but but if the price go down and there is a 3 match low, it will still go up or go down? thx
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  • #2,363
  • Jan 26, 2007 9:56am Jan 26, 2007 9:56am
ok thx for the comment .

Quoting vasyuta
I would not trying to go long, because price reached resistance level made on 1998.06-08. Eventually only after breakout of this resistance. Also we have negative divergence on monthly chart.
  • #2,364
  • Jan 26, 2007 11:22am Jan 26, 2007 11:22am
Pin break overnight and retesting low of the first eye was a nice long signal.
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  • #2,365
  • Jan 26, 2007 11:26am Jan 26, 2007 11:26am
Quoting raczekfx
Pin break overnight and retesting low of the first eye was a nice long signal.
and a micro perspective on 1hr....
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  • #2,366
  • Jan 26, 2007 11:34am Jan 26, 2007 11:34am
I mainly use dailies and 4hr but will go down to 1hr for confirmation once I made a decision on trade direction ...

Here we have ret of price pivot, BAT signal and 50 fibo ret (not shown on this chart).
What else one needs?

a SL and good MM of course..

Happy trading to all.
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  • #2,367
  • Jan 26, 2007 12:02pm Jan 26, 2007 12:02pm
Quoting raczekfx
Pin break overnight and retesting low of the first eye was a nice long signal.
Hi Raczekfx, always nice to see your posts
Speaking of the devil, ey?
Please don't forget that there's two conflicting setups - the BEOB and the PB.
You could also view the pin break as a move back to get sellers for the BEOB. Please be careful...I've conflicting setups for my wavecount as well, but not that I'm any good at that... :/
Like I posted above, if the s/r zones and retrace areas go this could well continue on down....EJ made a 1H bearish Pin altho that's a lower TF....

Just saying that GJ alone would already have moved out 80 from the .618 entry, so never hurts to secure the position
Waiting to see since both EURUSD and GBPUSD also made bullish 4h candles, even though USDCHF did not. (IB there)

Regards,

SeekingLight
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Trust price. Know yourself.
  • #2,368
  • Jan 26, 2007 1:42pm Jan 26, 2007 1:42pm
Quoting SeekingLight
Hi Raczekfx, always nice to see your posts
Speaking of the devil, ey?
Please don't forget that there's two conflicting setups - the BEOB and the PB.
You could also view the pin break as a move back to get sellers for the BEOB. Please be careful...I've conflicting setups for my wavecount as well, but not that I'm any good at that... :/
Like I posted above, if the s/r zones and retrace areas go this could well continue on down....EJ made a 1H bearish Pin altho that's a lower TF....

Just saying that GJ alone would already have moved out 80 from the .618 entry, so never hurts to secure the position
Waiting to see since both EURUSD and GBPUSD also made bullish 4h candles, even though USDCHF did not. (IB there)

Regards,

SeekingLight
You're right SL

I still prefer taking side that pays me daily interest though...
Hope banks think the same way.
  • #2,369
  • Jan 26, 2007 7:56pm Jan 26, 2007 7:56pm
There is an I4B on audjpy. 4HR bars hover around EMA(150).

Ken
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  • #2,370
  • Jan 27, 2007 11:13am Jan 27, 2007 11:13am
on the daily. ? looking at the 4hour its trying to decide which way next
  • #2,371
  • Jan 29, 2007 9:36am Jan 29, 2007 9:36am
I went long EJ, based on inside bar on daily, it broke up, I'm managing trade based on 4hr charts, no exit signal yet, looking for a big move up obviously.

westie
  • #2,372
  • Jan 29, 2007 11:48am Jan 29, 2007 11:48am
Looks like USD/JPY is making PB on Weekly and daily charts. And also we can see bearish divergence on weekly char. Will look at it closely.
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  • #2,373
  • Jan 29, 2007 11:55am Jan 29, 2007 11:55am
And also daily chart, PB is on extreme fib levels. Because of that window before PB, it can make evening star pattern.
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  • #2,374
  • Jan 29, 2007 11:58am Jan 29, 2007 11:58am
Quoting Westie
I went long EJ, based on inside bar on daily, it broke up, I'm managing trade based on 4hr charts, no exit signal yet, looking for a big move up obviously.

westie
There were some nice triggers on 4h, too, that led to the same direction/setups. I have no idea why I didn't take these, I think I was too busy watching the chop on the majors.

Attaching chart.
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Trust price. Know yourself.
  • #2,375
  • Jan 29, 2007 12:25pm Jan 29, 2007 12:25pm
Hope everyone had a good weekend, and didn't miss staring at the charts too much

I am short euro for the week, but have just entered a shorter term trade
pin on 1 hr usd/chf
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  • #2,376
  • Jan 29, 2007 2:52pm Jan 29, 2007 2:52pm
what indicator is overlayed on your chart. is that bollinger bands x 8?
  • #2,377
  • Jan 29, 2007 3:23pm Jan 29, 2007 3:23pm
Quoting Jimmywa
what indicator is overlayed on your chart. is that bollinger bands x 8?
those are the vegas wealth builder indicators. Check out the Vegas sections for more details
  • #2,378
  • Jan 30, 2007 9:34am Jan 30, 2007 9:34am
As Mike told thats VWB indicator. I like it, because when price reach extreme fib levels, i look at this pair closely.
Quoting Jimmywa
what indicator is overlayed on your chart. is that bollinger bands x 8?
  • #2,379
  • Jan 30, 2007 10:36am Jan 30, 2007 10:36am
is short euro a longer term trade for you or just a day trade a few days back
on the 60min there is a good little channel forming
  • #2,380
  • Jan 30, 2007 10:44am Jan 30, 2007 10:44am
I have been short euro on the weekly since friday. I also went short on a 1 hr gbp pin today as well. So the euro I will hold till at least friday unless I get stopped out.

Best,
Mike
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