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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

  • #11,501
  • Jul 7, 2008 3:42am Jul 7, 2008 3:42am
Quoting fxgrinder
i need a fast oPinion on the AUDJPY WEEKLY PIN
anyone in it?

take a look on your daily charts ... it's been traveling up since last week. next level of resistance at 10368.

Shouldnt i look only at HIgher TFs ie its on the weekly so i looked at the Monthly only
  • #11,502
  • Jul 7, 2008 3:59am Jul 7, 2008 3:59am
Quoting ezz
Shouldnt i look only at HIgher TFs ie its on the weekly so i looked at the Monthly only

i was interested in this trade too until i saw that i had kind of missed the earlier boat on the daily chart ... how do some of the factors line up with your PB? (like s/r, fibs, etc.)

let me know how you make out.

p.s. i took a little continuation/momentum move trade in the usdjpy on my demo account instead of this one. (see jarroo's post above)
"Believe nothing you hear and half of what you see." Proverb
  • #11,503
  • Jul 7, 2008 10:34am Jul 7, 2008 10:34am
Quoting jarroo
You say its overbought, can I ask you . . to whom is it overbought ? Oversold on the Daily . . . . to who?

Sorry not big fan of the indicators. Divergence has its place (I guess), but I look at it as a misleading indication.

The Weekly chart is heading to the moon. But the Daily shows a 2 day Pin Bar (Bearish) and the DBHLC (Bearish) you pointed out on the 4 hour. We may see a some down side movement to the lower PPZ. We shall see.
ok thanx again.
well heres the situation now,i did demo a successful short (short term) but assuming i was still in the trade would you ride this till the res. you pointed out or how would you manage this trade if you were short??
trading the setups is imo the easy part,for me its the management of them where i make the most mistakes.
p.s.by the way i assume your pointing to the fact that this looks to be long term investors here not just momentum traders??
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PATIENCE... DISCIPLINE
  • #11,504
  • Jul 7, 2008 10:36am Jul 7, 2008 10:36am
its been retesting the ressistance zone eversince i took the trade
it'd better hold
i need a shoulder to cry on
  • #11,505
  • Jul 7, 2008 12:33pm Jul 7, 2008 12:33pm
Quoting ezz
hello FFers

i need a fast oPinion on the AUDJPY WEEKLY PIN
anyone in it?
I am... short and waiting...
Mr. Trend
  • #11,506
  • Jul 7, 2008 3:41pm Jul 7, 2008 3:41pm
Quoting raczekfx
If tp2 j11 gets broken, so will this trend.
..and trend following traders seem to lose more when IT changes...
hi raczek.

sorry if this is a stupid question. But can you explain me what means j11 and j09?

or it is another secret form PF forum?

thanks in advance
  • #11,507
  • Jul 7, 2008 4:31pm Jul 7, 2008 4:31pm
Quoting giraia_br
hi raczek.

sorry if this is a stupid question. But can you explain me what means j11 and j09?

or it is another secret form PF forum?

thanks in advance

June 11th and June 9th.
Indicators show the past. Price Action "Indicates" the future.
  • #11,508
  • Jul 7, 2008 4:48pm Jul 7, 2008 4:48pm
I'm building longs on this, 1.98350 is first target, second target 2.0.

Its looking pretty sweet position wise, does anybody disagree?
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Money & Pain Respect the market, protect your capital, be patient
  • #11,509
  • Jul 7, 2008 4:50pm Jul 7, 2008 4:50pm
hello jarroo,
Please comment on this 4hr EU pin....does it worth the short?
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Respect a man, and he will do all the more.
  • #11,510
  • Jul 7, 2008 4:51pm Jul 7, 2008 4:51pm
Quoting toyboy tramp
I'm building longs on this, 1.98350 is first target, second target 2.0.

Its looking pretty sweet position wise, does anybody disagree?
I've actually been long since July 1st off the monthly... my target is around 0820...
Mr. Trend
  • #11,511
  • Jul 7, 2008 5:19pm Jul 7, 2008 5:19pm
Quoting Mr Trend
I've actually been long since July 1st off the monthly... my target is around 0820...
Well I think we'll be up there shortly
Money & Pain Respect the market, protect your capital, be patient
  • #11,512
  • Jul 7, 2008 6:45pm Jul 7, 2008 6:45pm
Quoting jarroo
June 11th and June 9th.

LOL. Thanks jarro.
  • #11,513
  • Jul 7, 2008 6:47pm Jul 7, 2008 6:47pm
Quoting urchman
hello jarroo,
Please comment on this 4hr EU pin....does it worth the short?
be careful, this isn't a pinbar. We want the open and close to both be within the prior bar, to qualify


-Mike
  • #11,514
  • Jul 7, 2008 6:48pm Jul 7, 2008 6:48pm
Quoting urchman
hello jarroo,
Please comment on this 4hr EU pin....does it worth the short?
the body is outside he previous bar= not a Pin Bar.
  • #11,515
  • Jul 7, 2008 6:53pm Jul 7, 2008 6:53pm
Quoting urchman
hello jarroo,
Please comment on this 4hr EU pin....does it worth the short?
You tell me.

What does the Daily, Weekly and Monthly charts tell you? Any PA worth noting?

S/R levels and PPZs. Where are they? How do they relate to current and past Price Action?

Trendlines, Fibs, etc., any confluences supporting (or not supporting) that 4 hour PB? Is that an ideal Pin Bar? Where's its location? Is at the best location? etc.

Do you think I got anywhere asking Jim, Mike, Daillist, raczek, Bundy, Seeking, etc., "is this worth a short?". I'm not trying to be rude here, quite the opposite. If I want to ask a question to these people and take some of their valuble time, I at least want to show I've done my home work.
Indicators show the past. Price Action "Indicates" the future.
  • #11,516
  • Jul 7, 2008 6:59pm Jul 7, 2008 6:59pm
Quoting jarroo
You tell me.

What does the Daily, Weekly and Monthly charts tell you? Any PA worth noting?

S/R levels and PPZs. Where are they? How do they relate to current and past Price Action?

Trendlines, Fibs, etc., any confluences supporting (or not supporting) that 4 hour PB? Is that an ideal Pin Bar? Where's its location? Is at the best location? etc.

Do you think I got anywhere asking Jim, Mike, Daillist, raczek, Bundy, Seeking, etc., "is this worth a short?". I'm not trying to be rude here, quite the opposite. If I want to ask a question to these people and take some of their valuble time, I at least want to show I've done my home work.
Re-reading this I hope it does not come off being disrespectful. Its not meant to be. I apoligise if it has. We are all here to learn.
Indicators show the past. Price Action "Indicates" the future.
  • #11,517
  • Jul 7, 2008 7:04pm Jul 7, 2008 7:04pm
Quoting toyboy tramp
Well I think we'll be up there shortly
I think it'll take awhile based on recent volatility and the fact that the markets are taking their dear old friggin' time to do anything.
Mr. Trend
  • #11,518
  • Edited 7:17pm Jul 7, 2008 7:07pm | Edited 7:17pm
Quoting urchman
hello jarroo,
Please comment on this 4hr EU pin....does it worth the short?
I wouldn't take it... for two reasons... that engulfing on the daily is at a resistance level that failed to actually break... thus sentiment changed quite quickly... AND... there's a weekly pin from resistance...if you do decide to play this, get that stop up to BE ASAP and play it to 5900...

I personally would rather sit out on the sidelines and eat some fried chicken.
Mr. Trend
  • #11,519
  • Jul 7, 2008 7:20pm Jul 7, 2008 7:20pm
Quoting Mr Trend
I think it'll take awhile based on recent volatility and the fact that the markets are taking their dear old friggin' time to do anything.
In the last 6 months only one PB with appropriate positioning failed, end of Feb, and it only failed cos it didn't go up for another 3 days. All other PBs followd by large green bars going up up up.

I'm getting the big guns out...this is a great set up.
Money & Pain Respect the market, protect your capital, be patient
  • #11,520
  • Jul 7, 2008 8:15pm Jul 7, 2008 8:15pm
Quoting jarroo
Will a double Pin Bar, Inside Bar (off a PPZ) show super duper powers if it breaks to the upside? Should be fun to find out.
Are we having fun yet?
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Indicators show the past. Price Action "Indicates" the future.
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