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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

  • #2,841
  • Mar 2, 2007 9:55am Mar 2, 2007 9:55am
wkly is a james 16setup and monthly inside bar . any?'s
where to sell you may get let out if you wait for a bounce up
  • #2,842
  • Mar 2, 2007 10:02am Mar 2, 2007 10:02am
BUOB forming possibly at 150ma
  • #2,843
  • Mar 3, 2007 4:48am Mar 3, 2007 4:48am
Would any of our resident experts like to form an opinion of the chart attached below.
Reluctance to close above 1.9660 for 3 months, pinbar followed by an IB that looks certain to beak down.
Attached Image
  • #2,844
  • Mar 3, 2007 4:29pm Mar 3, 2007 4:29pm
Quoting vlazaf
Would any of our resident experts like to form an opinion of the chart attached below.
Reluctance to close above 1.9660 for 3 months, pinbar followed by an IB that looks certain to beak down.
on this time frame, i see this simply as consolidation/range/congestion/noise.

regards,

CFII
Attitude + Power = Performance
  • #2,845
  • Mar 3, 2007 5:46pm Mar 3, 2007 5:46pm
sorry man, that is no pin bar, it is a neutral bar........

Take care
Rsq955
  • #2,846
  • Mar 3, 2007 6:31pm Mar 3, 2007 6:31pm
Quoting vlazaf
Would any of our resident experts like to form an opinion of the chart attached below.
Reluctance to close above 1.9660 for 3 months, pinbar followed by an IB that looks certain to beak down.

use stochastics 5,5,5


you will see the bigger picture. this market is overbought and wont see 200.00 anytime soon
  • #2,847
  • Mar 5, 2007 3:11am Mar 5, 2007 3:11am
is anybody using one of the three vegas-systems? if yes, what are your results? i read the vegas documents yesterday and wondered if it it is really profitable.
  • #2,848
  • Mar 5, 2007 3:47am Mar 5, 2007 3:47am
Quoting FXfreak
is anybody using one of the three vegas-systems? if yes, what are your results? i read the vegas documents yesterday and wondered if it it is really profitable.
Hey FxFreak,

I think your best bet would be to post this question in the Vegas forum area. Probably those that use it like yourself would miss your question here.

I would post in here for more answers. http://www.forexfactory.com/forumdisplay.php?f=70

I stumbled across his stuff when I first found these forums, and although I don't use it, it was so important to me that for once I could see their was more to the markets, and different ways to interpret the market(regardless if his methods are profitable or not). It got me for the first time to really think about the markets in a whole new way.

Sorry couldn't be of more help.

Best of luck to you,
Mike
  • #2,849
  • Mar 5, 2007 4:19am Mar 5, 2007 4:19am
EUR/USD is testing the previous resistance turned support trend line, as well as the 4HR EMA(150). I am watching the price action here.

Overall, EUR is showing the sign of topping. We may see the beginning of the retracement here tonight.

Ken
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  • #2,850
  • Mar 5, 2007 4:21am Mar 5, 2007 4:21am
GBP daily is also testing both the support trendline as well as the EMA(150).

Ken
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  • #2,851
  • Mar 5, 2007 4:45am Mar 5, 2007 4:45am
I have no idea if anyone has ever read anything about this before or whether this is just as freaky a thing as the golden ratio and market symmetry.

However, this is something I have also seen happen several times over the past year and it's a bit crazy, but still something to look out for...

Here's the deal: whenever a wedge / two trendlines intersect, they seem to create a possible "break point", i.e. the intersection itself seems to be a crosshair for a potential breach.
Now I know this sounds hocus pocus, but I think it's one of those "time and price coming together" things, that just oddly enough just seems to occur.

Here's the example for cable, and I have not curve fitted these trendlines, these have been drawn in during the last 4 weeks, before the drop.

Bar chart:
Attached Image
Trust price. Know yourself.
  • #2,852
  • Mar 5, 2007 4:46am Mar 5, 2007 4:46am
If anyone knows anything about this or has seen this before or anything at all, just shoot me a PM or mention whichever book has something about it, I'm just curious


Derived from the line chart:
Attached Image
Trust price. Know yourself.
  • #2,853
  • Mar 5, 2007 5:49am Mar 5, 2007 5:49am
Quoting SeekingLight
If anyone knows anything about this or has seen this before or anything at all, just shoot me a PM or mention whichever book has something about it, I'm just curious


Derived from the line chart:
how is that any diffrent than a triangle that breaks to the downside?
  • #2,854
  • Mar 5, 2007 6:27am Mar 5, 2007 6:27am
Quoting Jimmywa
how is that any diffrent than a triangle that breaks to the downside?
My emphasis was on the breaking point. The intersection of the TLs very often seems to be the "soft" spot. I don't really know why, but it's just come to my attention. Might just be a coincidence, I don't really know, hence I'm curious.
Besides, the markets driving me nilly-willies with its unwillingness to do anything after Asia, so I need the distraction
Trust price. Know yourself.
  • #2,855
  • Mar 5, 2007 8:14am Mar 5, 2007 8:14am
Quoting SeekingLight
My emphasis was on the breaking point. The intersection of the TLs very often seems to be the "soft" spot. I don't really know why, but it's just come to my attention. Might just be a coincidence, I don't really know, hence I'm curious.
Besides, the markets driving me nilly-willies with its unwillingness to do anything after Asia, so I need the distraction
similar to reversal magic by parsons.
  • #2,856
  • Mar 5, 2007 1:34pm Mar 5, 2007 1:34pm
Hi Mike,
Our aud/cad trade starting to come into play,
this has already been the longest held trade of my life,
I'm finally learning patience.

westie
  • #2,857
  • Mar 5, 2007 1:58pm Mar 5, 2007 1:58pm
Quoting Westie
Hi Mike,
Our aud/cad trade starting to come into play,
this has already been the longest held trade of my life,
I'm finally learning patience.

westie
  • #2,858
  • Mar 5, 2007 2:14pm Mar 5, 2007 2:14pm
wouldnt you have played a long break, and then gotten wiped out as it reversed?
Quoting SeekingLight
I have no idea if anyone has ever read anything about this before or whether this is just as freaky a thing as the golden ratio and market symmetry.

However, this is something I have also seen happen several times over the past year and it's a bit crazy, but still something to look out for...

Here's the deal: whenever a wedge / two trendlines intersect, they seem to create a possible "break point", i.e. the intersection itself seems to be a crosshair for a potential breach.
Now I know this sounds hocus pocus, but I think it's one of those "time and price coming together" things, that just oddly enough just seems to occur.

Here's the example for cable, and I have not curve fitted these trendlines, these have been drawn in during the last 4 weeks, before the drop.

Bar chart:
  • #2,859
  • Mar 5, 2007 2:45pm Mar 5, 2007 2:45pm
Quoting SeekingLight
If anyone knows anything about this or has seen this before or anything at all, just shoot me a PM or mention whichever book has something about it, I'm just curious


Derived from the line chart:
Hi, I see it as a long break first as well.

I did a course a few years ago and was told that when penants or triangles are formed that if they didnt break before the last third of the triangle or penant that it was more likely to fail which is what happened on this long break.
The lady who said this was the vice president of the Australian Technical Association
  • #2,860
  • Mar 5, 2007 2:59pm Mar 5, 2007 2:59pm
nice pin on short term time frame...worth few pips, after very nice break of consolidation, several hours before... anyone caught it?
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