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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

  • #17,581
  • Dec 29, 2008 7:35am Dec 29, 2008 7:35am
If you must trade, it looks like a valid setup for a short. Fib 61 with minor ppz. However, watch the 38.2 area with bar highs. I am personally biased short being this daily pin has not been invalidated. When ~1.4720 is broke cleanly, then I would consider longs and even then I would be hesitant.
Attached Image (click to enlarge)
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  • #17,582
  • Dec 29, 2008 11:29am Dec 29, 2008 11:29am
Quoting johnbaem
Eur/usd

Attachment
Looking good so far. Reach 1st TP at 4300.

2. Nice pin setup for short at 4H candle.
3. Shall place proper SL right below 4H TL.

Im pretty confident it shall reach 4900 in near time. Watching it now.


For G/U. We shall see support at 4100 if the weekly pin works well. Im looking for TL breakout which already did at daily bars previous 3-4 days. It shall drive the pair to the bottom.

Good luck.
  • #17,583
  • Dec 29, 2008 11:40am Dec 29, 2008 11:40am
Chart says everything


Pinbar, yes, sure


http://img88.imageshack.us/img88/904/eurom5uf0.gif
  • #17,584
  • Dec 29, 2008 11:49am Dec 29, 2008 11:49am
Quoting johnbaem
Looking good so far. Reach 1st TP at 4300.

2. Nice pin setup for short at 4H candle.
3. Shall place proper SL right below 4H TL.

Im pretty confident it shall reach 4900 in near time. Watching it now.


For G/U. We shall see support at 4100 if the weekly pin works well. Im looking for TL breakout which already did at daily bars previous 3-4 days. It shall drive the pair to the bottom.

Good luck.
EU Chart. Will see how it works. Good nite people!

Attached Image (click to enlarge)
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  • #17,585
  • Dec 29, 2008 12:56pm Dec 29, 2008 12:56pm
Quoting HipsterPipster
If you must trade, it looks like a valid setup for a short. Fib 61 with minor ppz. However, watch the 38.2 area with bar highs. I am personally biased short being this daily pin has not been invalidated. When ~1.4720 is broke cleanly, then I would consider longs and even then I would be hesitant.
This 'small' setup will bring fiber to 1.20 in months (weeks) to come...
Just an opinion off course...

Have a great 2009
  • #17,586
  • Dec 29, 2008 1:07pm Dec 29, 2008 1:07pm
Quoting raczekfx
This 'small' setup will bring fiber to 1.20 in months (weeks) to come...
Just an opinion off course...

Have a great 2009

Yes, could be a very nice start to the year...
  • #17,587
  • Dec 29, 2008 1:40pm Dec 29, 2008 1:40pm
You guys, shhhh....but I must admit...I took it.
  • #17,588
  • Dec 29, 2008 1:40pm Dec 29, 2008 1:40pm
Quoting raczekfx
This 'small' setup will bring fiber to 1.20 in months (weeks) to come...
Just an opinion off course...

Have a great 2009

I`m just a bit weary about this trendline which refuses to break...yet
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 124 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #17,589
  • Dec 29, 2008 2:00pm Dec 29, 2008 2:00pm
Next win.
But i was greedy and take only +13. ( tp was +25 and when i had +21, i moved TP to +40 lol...emotions..)
Anyway , better win then a loss.
IT's not only about good setup,it's all about you and your discipline and your personal fight with fear & greed.

http://img84.imageshack.us/img84/3087/gum5mi6.gif
  • #17,590
  • Dec 29, 2008 2:08pm Dec 29, 2008 2:08pm
hello everyone,

I just want some suggestion as to the validity of this pin bar trade.
It meets all tradeable criteria except that it will means picking from the bottom. i.e the low of the range.
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  • #17,591
  • Dec 29, 2008 2:16pm Dec 29, 2008 2:16pm
nice.
ANother possible setup, nice one.
I missed this.

http://img152.imageshack.us/img152/2643/eum5nextbt9.gif
  • #17,592
  • Dec 29, 2008 2:38pm Dec 29, 2008 2:38pm
Quoting Naijafx
hello everyone,

I just want some suggestion as to the validity of this pin bar trade.
It meets all tradeable criteria except that it will means picking from the bottom. i.e the low of the range.
The shape is good but the problem is location. Visually it doesnt have much room to move. I am waitng for some signs of correction aswell but i need to see clear break of 1.4640 before putting any long orders. I am watching eur/gbp aswell. The 1.0000 area could be important in future gbp strenght against other currencies.
  • #17,593
  • Dec 29, 2008 2:42pm Dec 29, 2008 2:42pm
Quoting djambazov84
I`m just a bit weary about this trendline which refuses to break...yet
I'm weary about the state of EU economy..., which is not what trichet wishes it to be....
There is absolutely no reason to stop rates at 2% today and once they will be forced to cut it again, when no one anticipates it..... (kaboom.. and welcome 1.11)
  • #17,594
  • Dec 29, 2008 2:47pm Dec 29, 2008 2:47pm
15 min
Attached Image
Jesus Christ is my only Lord !
  • #17,595
  • Dec 29, 2008 3:01pm Dec 29, 2008 3:01pm
now also 30M
Attached Image (click to enlarge)
Click to Enlarge Name: eur-cad.gif Size: 18 KB
Jesus Christ is my only Lord !
  • #17,596
  • Dec 29, 2008 3:04pm Dec 29, 2008 3:04pm
Quoting hipcio
15 min
Czesc Hipcio and welcome onboard.
Thats one good looking pinbar you got there but i wouldnt expect any momentum on breakout becouse most of the markets are off now.
  • #17,597
  • Dec 29, 2008 3:10pm Dec 29, 2008 3:10pm
Quoting Greenhaze
Czesc Hipcio and welcome onboard.
Thats one good looking pinbar you got there but i wouldnt expect any momentum on breakout becouse most of the markets are off now.
Witaj - I do not expect anything important - I simply gave it a chance...
Jesus Christ is my only Lord !
  • #17,598
  • Dec 29, 2008 3:18pm Dec 29, 2008 3:18pm
Quoting raczekfx
I'm weary about the state of EU economy..., which is not what trichet wishes it to be....
There is absolutely no reason to stop rates at 2% today and once they will be forced to cut it again, when no one anticipates it..... (kaboom.. and welcome 1.11)

Well so far all gaps have been filled. Which is good. Comes to assure me of the healthy forex environment we are (I hope) still in. Holidays or no holidays money never sleeps to quote from my fav movie.

I have .96 as a long-term target btw. Why not by end of 2009 and then another commodity super leg up which might pay for my (future) kids' education.
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #17,599
  • Edited 3:47pm Dec 29, 2008 3:20pm | Edited 3:47pm
last trade today. still open, but it's going bad

Update: done. SL.

http://img201.imageshack.us/img201/3843/ejm5qz8.gif
  • #17,600
  • Dec 29, 2008 3:44pm Dec 29, 2008 3:44pm
Hi Jankone


I see you trading 5 minute charts during holiday season and at this slow period of the day (your chart shows 20:55).

Do you trust the price action setups on 5m tf at this time?


cheers

fxp


Quoting Jankone
last trade today. still open, but it's going bad

http://img201.imageshack.us/img201/3843/ejm5qz8.gif
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