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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

  • #15,701
  • Nov 24, 2008 6:42pm Nov 24, 2008 6:42pm
If taking the USDJPY 4hr pin I'd be looking at taking partial profits at the 96.00 PPZ and moving stops to BE.
  • #15,702
  • Nov 24, 2008 6:47pm Nov 24, 2008 6:47pm
Quoting ljr
Looking at the daily chart things do look a bit clearer so this may not be a bad level.
The 97.50 and 98.00 look to be an area of S/R (PPZ). But that's pretty far away. It may still go up there a test that area. It would have been better if the PB formed at that level.

So no obvious bearish Price Action on the 8 hour, daily and weekly.

We have a PB at a swing high (not a high high like Nov.4th). Its with the trend and below a round number, 97.00. Not the best conditions but worth (to me) a small position.
Indicators show the past. Price Action "Indicates" the future.
  • #15,703
  • Nov 24, 2008 6:48pm Nov 24, 2008 6:48pm
Quoting tehuringa
If taking the USDJPY 4hr pin I'd be looking at taking partial profits at the 96.00 PPZ and moving stops to BE.
Nice one. Looks good.
Indicators show the past. Price Action "Indicates" the future.
  • #15,704
  • Nov 24, 2008 6:52pm Nov 24, 2008 6:52pm
Quoting jarroo
Very good.

Any higher time frame Price Action (Bearish) that would support this 4 hour PB?

Not sure if you are still looking at this. This pin reminds me of the 4hr g_u pin on Friday.
Attached Image (click to enlarge)
Click to Enlarge Name: usd_jpy daily ppz.gif Size: 9 KB
  • #15,705
  • Nov 24, 2008 6:58pm Nov 24, 2008 6:58pm
The H4 pin could be a retracement before the up move. USD index made tripple top and broke the longterm uptrend support , S&P made double bottom and is above strong S/R area now , EUR/JPY & EUR/USD all broke their resistance.
Attached Image
  • #15,706
  • Nov 24, 2008 7:08pm Nov 24, 2008 7:08pm
Quoting saskgui
Not sure if you are still looking at this. This pin reminds me of the 4hr g_u pin on Friday.
Good point saskgui.

Is there any conflicting or bullish Price Action on the higher time frames that would intefere with this 4 hour PB?

That Daily PB doesn't look to strong. It's location and shape (big head, small nose) looks very weak to me.
Indicators show the past. Price Action "Indicates" the future.
  • #15,707
  • Nov 24, 2008 7:11pm Nov 24, 2008 7:11pm
Quoting Greenhaze
The H4 pin could be a retracement before the up move. USD index made tripple top and broke the longterm uptrend support , S&P made double bottom and is above strong S/R area now , EUR/JPY & EUR/USD all broke their resistance.
Absolutely possible. Nice chart.

I like the 96.20 as the 1st price target.
Indicators show the past. Price Action "Indicates" the future.
  • #15,708
  • Nov 24, 2008 7:13pm Nov 24, 2008 7:13pm
Quoting raczekfx
Watch eur/usd, gpb/usd and e/j, g/j once we hit that ppz. It might be a clue to our next PA setup....

.
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  • #15,709
  • Nov 24, 2008 7:23pm Nov 24, 2008 7:23pm
Quoting raczekfx

.
Indicators show the past. Price Action "Indicates" the future.
  • #15,710
  • Nov 24, 2008 7:34pm Nov 24, 2008 7:34pm
Quoting jarroo
No, thanks..
  • #15,711
  • Nov 24, 2008 7:48pm Nov 24, 2008 7:48pm
Quoting raczekfx
No, thanks..
Keep'em coming.
Indicators show the past. Price Action "Indicates" the future.
  • #15,712
  • Nov 24, 2008 7:58pm Nov 24, 2008 7:58pm
Quoting raczekfx

.
could it be minor retracment??

it was such a bullish engulfing...??

Sonic
  • #15,713
  • Nov 24, 2008 8:13pm Nov 24, 2008 8:13pm
Quoting sonicdeejay
could it be minor retracment??

it was such a bullish engulfing...??

Sonic
it could be, I don't know.
I'm quite content with drops on yen crosses. Booked nice profit on half, other half is at BE, so it does not really matter ...
My account stands at $ 102 now....
  • #15,714
  • Nov 24, 2008 8:21pm Nov 24, 2008 8:21pm
Quoting raczekfx
...
My account stands at $ 102 now....
U r richer than me
  • #15,715
  • Nov 24, 2008 8:54pm Nov 24, 2008 8:54pm
Quoting sonicdeejay
U r richer than me
Grammer!
If, indeed, it were true...
"You are Richer than I."
If, indeed, it were true...
  • #15,716
  • Nov 24, 2008 8:56pm Nov 24, 2008 8:56pm
couple of trades i'm in.
Playing retace of daily bar. look to take profit @ blue boxes. would be nice to see some pa at the blue areas to go long again..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro34.gif Size: 17 KB
Click to Enlarge Name: aud12.gif Size: 14 KB
  • #15,717
  • Nov 24, 2008 9:16pm Nov 24, 2008 9:16pm
Quoting rustyjeff
couple of trades i'm in.
Playing retace of daily bar. look to take profit @ blue boxes. would be nice to see some pa at the blue areas to go long again..
I am right along with you Jeff.
  • #15,718
  • Nov 24, 2008 9:18pm Nov 24, 2008 9:18pm
Quoting HipsterPipster
I am right along with you Jeff.
retracement or downtrend??

how do u determine?

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: 250.gif Size: 17 KB
  • #15,719
  • Nov 24, 2008 9:23pm Nov 24, 2008 9:23pm
Quoting sonicdeejay
retracement or downtrend??

how do u determine?

Sonic
I am not too worried about that as I am more confident that price will reach my TP areas. Daily is in a down trend IMHO, AU and EU.
  • #15,720
  • Nov 24, 2008 9:29pm Nov 24, 2008 9:29pm
Quoting HipsterPipster
I am not too worried about that as I am more confident that price will reach my TP areas. Daily is in a down trend IMHO, AU and EU.
thx buddy...

care to post t pic??

Sonic
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