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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

  • #221
  • Aug 16, 2005 3:25pm Aug 16, 2005 3:25pm
Quoting MuddBuddha
I'm still long sinc ethe daily chart crossed. I'm about 81 up as I write. Expecting it to "keep on truckin" to 1.2500 and beyond as long as it can drive through the 1.2460/1.2500 resistance level.

Tell ya man, unless something starts to turn this upward trend around, 1.2600 may just be another bump in the road to 1.3400!
I disagree with you MD. I can see an extension to the EUR/USD downtrend. From here, there are 2 possible scenarios:

1- The EUR/USD will continue the minor uptrend reaching the 1.2600/1.2650 area and then start pulling back south. This is the least probability scenario

2- The EUR/USD will start the downtrend extension right away, since the 1.2484 reached on the 12th of August is already the max point for the minor uptrend and at the same time, it's the 50 % fib retracement for the recent dowtrend. And this is the high probability scenario

If you can notice, the 30 min and the 1 hour charts show a dowtrend just after the pair reached the 1.2484 price, that's why I suggest that the second scenario has a higher probability.

Thanks,

Nader.
  • #222
  • Aug 17, 2005 1:59pm Aug 17, 2005 1:59pm
new chart
Attached Image
  • #223
  • Aug 17, 2005 2:23pm Aug 17, 2005 2:23pm
new chart
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  • #224
  • Aug 17, 2005 2:27pm Aug 17, 2005 2:27pm
This is great stuff your teaching Jim. Thank you and keep up the good trading.
Quinn
I started out with nothing, and I've got most of it left!
  • #225
  • Aug 18, 2005 6:28am Aug 18, 2005 6:28am
jim


When calculating your pivot point what time do you use to get the closing price?

thanks
  • #226
  • Aug 18, 2005 7:31am Aug 18, 2005 7:31am
Hi Jim, Looking at the eur/usd today on a daily basis. Am I correct that it is now at a couple fibro retracements with a couple of lows from early august?There is also the 365 day MA on the 3 hour chart very near. And as I write it looks like a triple bottom on the 15 min chart. Combing all that with MB's system daily after the 8 period drawdown, Is that what you call a confluence?
Thanks as always. Pipmon
LETS PLAY HOCKEY!
  • #227
  • Aug 22, 2005 5:23am Aug 22, 2005 5:23am
Keeping the momentum of this thread up by posting a chart! Everyone likes charts. The chart has a pin bar, double low higher close, double high trend continuation, and an outside bar all pointing upwards.

http://www.engr.ucr.edu%7Erevans/EurUsd.jpg
Attached Image
  • #228
  • Aug 22, 2005 7:06am Aug 22, 2005 7:06am
Quoting Hidshadows
Keeping the momentum of this thread up by posting a chart! Everyone likes charts. The chart has a pin bar, double low higher close, double high trend continuation, and an outside bar all pointing upwards.

http://www.engr.ucr.edu%7erevans/EurUsd.jpg
with a pregnant wife, a seven year old playing 3 sports, a business and my own trading time to do other things is tough. in a week or so i will be back to this like i used to. thanks for staying interested. jim
  • #229
  • Aug 22, 2005 10:07am Aug 22, 2005 10:07am
I'll try to keep the ball rolling with you. On the eur/jpy 1 HR chart it looks to me like a pinochio high right at the 50 period EMA. Anyone else agree, disagree?

Could someone help with posting Onada charts onto the forum?
LETS PLAY HOCKEY!
  • #230
  • Aug 22, 2005 11:26am Aug 22, 2005 11:26am
Quoting pipmonster
I'll try to keep the ball rolling with you. On the eur/jpy 1 HR chart it looks to me like a pinochio high right at the 50 period EMA. Anyone else agree, disagree?

Could someone help with posting Onada charts onto the forum?
yes, but the perfect way to trade these is notice when the actual pin bar developes, then watch the next bar to see if it fails close to the high of the first bar. if it does short it in this case. there would already be a nice profit if you had/have.
  • #231
  • Aug 22, 2005 11:33am Aug 22, 2005 11:33am
new chart
Attached Image
  • #232
  • Aug 23, 2005 9:00am Aug 23, 2005 9:00am
Hi James16,
How do you make bar red and green in Meta Trader?
Thankx,
Ozren
  • #233
  • Aug 23, 2005 9:10am Aug 23, 2005 9:10am
Quoting pipmonster
I'll try to keep the ball rolling with you. On the eur/jpy 1 HR chart it looks to me like a pinochio high right at the 50 period EMA. Anyone else agree, disagree?

Could someone help with posting Onada charts onto the forum?
hey pip sorry i have not been responding much, that will change soon. thanks for your input
  • #234
  • Aug 23, 2005 9:13am Aug 23, 2005 9:13am
Quoting Ozren
Hi James16,
How do you make bar red and green in Meta Trader?
Thankx,
Ozren
i only play around with metatrader most of my charting is on tradestation. here is how. right click on your chart then choose properties. set bar up and bar down the color you want. jim
  • #235
  • Aug 23, 2005 9:17am Aug 23, 2005 9:17am
Ok, you are using Meta trader 4 I'm on MT3, Thanks anyway!
Ozren
  • #236
  • Aug 23, 2005 11:46am Aug 23, 2005 11:46am
Quoting james16
i only play around with metatrader most of my charting is on tradestation. here is how. right click on your chart then choose properties. set bar up and bar down the color you want. jim
James, is there anything you get from Meta that you cannot get from Tradestation? Can you tell me what you use Meta for? Any suggestions, tips, tricks etc. Or do you use Meta as a compliment or an aid to Tradestation? Just curious here.
Steven
  • #237
  • Aug 23, 2005 12:00pm Aug 23, 2005 12:00pm
Quoting scpeter
James, is there anything you get from Meta that you cannot get from Tradestation? Can you tell me what you use Meta for? Any suggestions, tips, tricks etc. Or do you use Meta as a compliment or an aid to Tradestation? Just curious here.
nothing can touch tradestation when it comes to charting. its not even close. i keep backups for all my trading. i back tradestation futures trading with esignal and sometimes qcharts. i back forex with meta and vt trader. jim
  • #238
  • Aug 24, 2005 4:59pm Aug 24, 2005 4:59pm
Quoting james16
hey merlin, i keep an eye on

currency futures: bp, jy, sf, cd, cd, efx

oats, wheat, corn, soybeans

mini dow, mini sp, mini russell, mini nasdaq

mini oil, gas

tbonds, ten year notes

silver, gold, copper

cattle, hogs, pork bellies



around ten pairs forex.


i dont trade the NY merc commodities because i think they charge to much, sugar, coffee etc. i may break down someday.
James, how is the volume on the mini oil? Does it trade enough like the e-mini S&P 500? Has the volume ever been a concern for you in the mini oil?
Steven
  • #239
  • Aug 24, 2005 6:12pm Aug 24, 2005 6:12pm
Quoting scpeter
James, how is the volume on the mini oil? Does it trade enough like the e-mini S&P 500? Has the volume ever been a concern for you in the mini oil?
no and let me quote futuresindustry.org " volume in the e-mini crude oil futures grew to 10 times the 2004 levels" i guarantee its people trying to short it and of course they are getting killed. no other market shows such pretty price action patterns on a daily chart than this market. i have no idea why all i know is i take money out of it on a regular basis. jim
  • #240
  • Aug 24, 2005 6:26pm Aug 24, 2005 6:26pm
Quoting james16
no and let me quote futuresindustry.org " volume in the e-mini crude oil futures grew to 10 times the 2004 levels" i guarantee its people trying to short it and of course they are getting killed. no other market shows such pretty price action patterns on a daily chart than this market. i have no idea why all i know is i take money out of it on a regular basis. jim
See, it just goes to show you. If you ask the right person the right question, you get a great answer. Jim, thank you sir.
Steven
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