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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

  • #16,981
  • Dec 16, 2008 5:43pm Dec 16, 2008 5:43pm
Quoting mbqb11
nope closed out just above 1.22 unfortunately and then my entry at 1.25 just never looked good enough to get back in. So I missed the last 200 pts


Mike
There's been a lot of that lately. Where you can be confident of the place, but not confirmation.

Especially gold. I've been keeping an eye on that. The levels are working great! ...but the bar signals have sucked! lol
Bundy's status today: "Waiting..."
  • #16,982
  • Dec 16, 2008 6:14pm Dec 16, 2008 6:14pm
Quoting Mr Smith
Did anyone keep there shorts from the daily pin, I closed out, wishing I had kept some running.

I bet mike is still short.
I was short from the break of the green IB, the pin bar just thereafter did'nt worry me much, cuz 1) it was'nt the perfect one 2) the resistance of the confluence zone (1.24 ppz and 23.6 fib) was due too.

It's going strong at +235
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I believe . . .
  • #16,983
  • Dec 16, 2008 6:37pm Dec 16, 2008 6:37pm
Quoting bundyraider
There's been a lot of that lately. Where you can be confident of the place, but not confirmation.

Especially gold. I've been keeping an eye on that. The levels are working great! ...but the bar signals have sucked! lol
Couldn't agree more. But if anything just keeps our confidence in the levels we identify. The confirmations will come.

Mike
  • #16,984
  • Dec 16, 2008 8:18pm Dec 16, 2008 8:18pm
Quoting Jankone
Beauty. Fast +20
Nicely done. It is pretty cool to see how price just takes off right after those good set ups instead of just puttering around.

Now that I am on vacation from school (I'm 20 ghous and found FF back when I was 19 so no worries you are still the youngest ;-)) I plan on day trading the E/U refining this method and testing data using Forex Tester. Of course this 5min trading is only in demo but I feel it really suits my style a lot more as I've struggled to find a consistent exit strategy for my daily and weekly trades (which I will continue to trade on my small Oanda a/c now that finals are over- took the past two weeks off).

Anyway glad to be caught up again in this thread and glad to see so much activity. See you all in the morning.
  • #16,985
  • Dec 16, 2008 8:56pm Dec 16, 2008 8:56pm
I am a little disappointed in missing the movement on the Euro, seems most setups are on the smaller TF's. Well this is somewhat interesting to me. Wondering if we are winding up for a breakout Wednesday?
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  • #16,986
  • Dec 16, 2008 9:21pm Dec 16, 2008 9:21pm
There seems to be a double top, and the second top looks like a TBH Triple bar high. The TBH is similar to EUR/JPY TBH now, if anything a good time to move your sl up or take some profit on longs. Hopefully in the next 2 hours it will get broken to the upside.

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  • #16,987
  • Dec 16, 2008 9:29pm Dec 16, 2008 9:29pm
Quoting saskgui
I am a little disappointed in missing the movement on the Euro, seems most setups are on the smaller TF's. Well this is somewhat interesting to me. Wondering if we are winding up for a breakout Wednesday?
I posted this on the PF a few days ago. Daily BUOB - Dec 4th. I took the trade on the 8th.

1.2800 PPZ. Took half at the green line.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #16,988
  • Dec 16, 2008 10:10pm Dec 16, 2008 10:10pm
Quoting jarroo
I posted this on the PF a few days ago. Daily BUOB - Dec 4th. I took the trade on the 8th.

1.2800 PPZ. Took half at the green line.

obviously good patience jim.
well done..
  • #16,989
  • Dec 16, 2008 10:19pm Dec 16, 2008 10:19pm
Quoting saskgui
I am a little disappointed in missing the movement on the Euro, seems most setups are on the smaller TF's. Well this is somewhat interesting to me. Wondering if we are winding up for a breakout Wednesday?
I am waiting for it break the long side too,

But it's interstedting to see how the lower tfs don't want to go up. A perfect double top on the 1H formed at a confleunce off the 38.2 fib and ofcaorse the all important res/sup flip around the 138 region on the 4H...

I was abt to hit the buy stop button the Gj at 139.2 but stopped when i saw this. lol!
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I believe . . .
  • #16,990
  • Dec 16, 2008 10:22pm Dec 16, 2008 10:22pm
Quoting rustyjeff
obviously good patience jim.
well done..
He has obviously got a lot more in him than he shows off, He is one great trader, Jeff!

Nice trade Jarroo, are you still in?
I believe . . .
  • #16,991
  • Dec 16, 2008 10:23pm Dec 16, 2008 10:23pm
Quoting jarroo
I posted this on the PF a few days ago. Daily BUOB - Dec 4th. I took the trade on the 8th.

1.2800 PPZ. Took half at the green line.
Your trade is always nice I always wanted to trade like you.

ALM
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #16,992
  • Dec 16, 2008 10:43pm Dec 16, 2008 10:43pm
Quoting ghous
I am waiting for it break the long side too,

But it's interstedting to see how the lower tfs don't want to go up. A perfect double top on the 1H formed at a confleunce off the 38.2 fib and ofcaorse the all important res/sup flip around the 138 region on the 4H...

I was abt to hit the buy stop button the Gj at 139.2 but stopped when i saw this. lol!

Just want to tell you ,
your looking at something but dont see it.
keep looking
  • #16,993
  • Dec 16, 2008 10:44pm Dec 16, 2008 10:44pm
Quoting ghous
He has obviously got a lot more in him than he shows off, He is one great trader, Jeff!

Nice trade Jarroo, are you still in?
Yes hes has plenty, & i'm sure he knows.
If not, he should.....
  • #16,994
  • Dec 16, 2008 10:49pm Dec 16, 2008 10:49pm
Thanks to the response to my PM.

GY picture u painted above in ur post, i seen the same scenario happening in AUSD,GBPUS, and USDCHF but these will be move against the prevailing trend.

Really, I want to demo trade this but wot do u think, are they still tradeable?

I think i need to post charts
  • #16,995
  • Dec 16, 2008 10:52pm Dec 16, 2008 10:52pm
4H PBs on all US pairs (8mins to close)...

Any thoughts... I select USDJPY due to divergence...
  • #16,996
  • Dec 16, 2008 10:58pm Dec 16, 2008 10:58pm
Quoting Vourvoul
4H PBs on all US pairs (8mins to close)...

Any thoughts... I select USDJPY due to divergence...
careful bro, you're trading a Pb on the 4H with no divergence on the tf, don't try to force trades trying to desperately stack the odds in your favor,

Not to knock your throughts off but does'nt seem an A+ trade, you don't want to mess with those while you're looking to counter such a string downtrend, keep in mind that the daily Pb (in much better shape and with divergence) has been least respected by price so far
I believe . . .
  • #16,997
  • Dec 16, 2008 10:59pm Dec 16, 2008 10:59pm
I PM'ed you
  • #16,998
  • Dec 16, 2008 11:02pm Dec 16, 2008 11:02pm
Quoting ghous
careful bro, you're trading a Pb on the 4H with no divergence on the tf, don't try to force trades trying to desperately stack the odds in your favor,

Not to knock your throughts off but does'nt seem an A+ trade, you don't want to mess with those while you're looking to counter such a string downtrend, keep in mind that the daily Pb (in much better shape and with divergence) has been least respected by price so far
I see some hidden bullish divergence to be honest...

You are right though... I may be forcing this trade as it is certainly not an A+ trade.

The thing is... all USD pairs on 4H give the same signal...
  • #16,999
  • Dec 16, 2008 11:03pm Dec 16, 2008 11:03pm
Quoting Naijafx
Thanks to the response to my PM.

GY picture u painted above in ur post, i seen the same scenario happening in AUSD,GBPUS, and USDCHF but these will be move against the prevailing trend.

Really, I want to demo trade this but wot do u think, are they still tradeable?

I think i need to post charts
there is a difference between not going long and going short. I am still very biased with bullish movemnt, it is what the higher tfs are telling us ad they rule!

Although there is'nt much to support a bullish move as yet it does'nt mean i am looking for shorts. the higher tfs impress me much more than the 1H double top. not to say it won't work, but the move maybe short lived and Looking at Raczekfx's last few trades i am damn committed to some serious stuff on the higher tfs

don't think i need a chart we have lots of gj charts around being thrown into the mix by lot's of ppl here.
I believe . . .
  • #17,000
  • Dec 16, 2008 11:03pm Dec 16, 2008 11:03pm
Attached are my charts,

Most of these charts look nice as they are in 4hr PPZ but will be trading against the current trend.

USDCHF have fib confluence of 50.0, 61.8 and 78.6 and its likely to form a pin bar, i use IBFX as my datafeed.

AUSD and GBPUSD have something similar but BEOVB will be an idea thing to penetrate through those support to give good possible trade.

I want Opinion on these and i saw ghous chart on GBPJPY which looks similar to the various scenario i described here.

my 4hr bar closes in another 55mins
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