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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

  • #17,921
  • Jan 6, 2009 11:26am Jan 6, 2009 11:26am
Quoting mbqb11
Hey Naija

For it to be a DBHLC, the close of the bar needs to close LOWER then the previous bars LOW

Mike
This is important when looking at DBHLC and DBLHC.

Check out more (All) posts from my PA teacher, Mike. You'll be glad you did.
Indicators show the past. Price Action "Indicates" the future.
  • #17,922
  • Jan 6, 2009 11:45am Jan 6, 2009 11:45am
Quoting jarroo
This is important when looking at DBHLC and DBLHC.

Check out more (All) posts from my PA teacher, Mike. You'll be glad you did.
100% true
I believe . . .
  • #17,923
  • Jan 6, 2009 11:47am Jan 6, 2009 11:47am
Is anyone watching the daily Aud/Usd chart? Interesting development there on the daily. It appears there is a bullish bar forming on that chart, or am I reading it wrong?
Patience + Humility + Study = Success
  • #17,924
  • Jan 6, 2009 11:52am Jan 6, 2009 11:52am
Quoting DutchTrader
Is anyone watching the daily Aud/Usd chart? Interesting development there on the daily. It appears there is a bullish bar forming on that chart, or am I reading it wrong?
yes certainly, may be a nice confirmation of a breakout from the accumulated historical highs here around 0.71ish region.

the trends look nice and strong for 2009, let's just hope they stay up like this
I believe . . .
  • #17,925
  • Jan 6, 2009 11:56am Jan 6, 2009 11:56am
Quoting ghous
yes certainly, may be a nice confirmation of a breakout from the accumulated historical highs here around 0.71ish region.

the trends look nice and strong for 2009, let's just hope they stay up like this
Yes I expect a slight pullback and then boom into the overnight session, along with the USD weakness resuming imvho
Patience + Humility + Study = Success
  • #17,926
  • Jan 6, 2009 11:57am Jan 6, 2009 11:57am
Quote
This is important when looking at DBHLC and DBLHC.

Check out more (All) posts from my PA teacher, Mike. You'll be glad you did

Taken sir,

coincedentally, ur PA teacher shares same name with me.
  • #17,927
  • Edited 12:19pm Jan 6, 2009 12:04pm | Edited 12:19pm
Quoting LasVahGoose
Anyone still in the G/C???? I'm still 1/2 in. Coming up to a PPZ, not sure if it can go more. 1.6000 has been broken and I'm thinking 1.7525 is the next stop if it breaks 1.6720 ish area...
hey LVG,

I am still in and holding on for my final tp around 1.76. IMO thre is still quite a lot of room for the trade to further materialize.

I can recall Raczekfx mentioning that he has his first tp around where I have my final one and his second tp lies around 1.94 - 1.95.

Regards,
Ghous.
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I believe . . .
  • #17,928
  • Jan 6, 2009 12:16pm Jan 6, 2009 12:16pm
Quoting LasVahGoose
Anyone still in the G/C???? I'm still 1/2 in. Coming up to a PPZ, not sure if it can go more. 1.6000 has been broken and I'm thinking 1.7525 is the next stop if it breaks 1.6720 ish area...
Off course, there is absolutely no reason we should not hit that TP1 now. We have cleared Dec21 weekly bar... . It's just a matter of time. Would I be entering now? Probably not..
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  • #17,929
  • Jan 6, 2009 12:18pm Jan 6, 2009 12:18pm
Quoting ghous
yes certainly, may be a nice confirmation of a breakout from the accumulated historical highs here around 0.71ish region.

the trends look nice and strong for 2009, let's just hope they stay up like this
Hey ghous/DT

Just regarding the AUDUSD - i am interested that you see this as a buying opportunity? Have been reading more about divergence recently and from what i can see on my chart it looks like momentum is waning and with the price at a weekly PPZ I would have thought it might present a short?

what do you think? am i reading the divergence correctly?

cheers

Simon

can't seem to draw the line on the MACD - but you can see where it would go parallel to the price
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  • #17,930
  • Jan 6, 2009 12:23pm Jan 6, 2009 12:23pm
Quoting simoncs
Hey ghous/DT

Just regarding the AUDUSD - i am interested that you see this as a buying opportunity? Have been reading more about divergence recently and from what i can see on my chart it looks like momentum is waning and with the price at a weekly PPZ I would have thought it might present a short?

what do you think? am i reading the divergence correctly?

cheers

Simon

can't seem to draw the line on the MACD - but you can see where it would go parallel to the price
hey Simon,

I don't see any divergence...
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I believe . . .
  • #17,931
  • Jan 6, 2009 12:26pm Jan 6, 2009 12:26pm
Price has gone exactly where expected. Went through my TP1 (1.3502) by 1 pip before retracing. Rest of the trade is now at BE with final TP2 set at 1.3546. Gotta love PA
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History will be kind to me, for I intend to write it - Winston Churchill
  • #17,932
  • Jan 6, 2009 12:34pm Jan 6, 2009 12:34pm
Quoting ghous
hey Simon,

I don't see any divergence...
well that's just sh!t isn't it!?!?!?
just checked my feed on ODL which is the same timezone and they have the same as you.
wierd as i have the same settings on both i think - 12,26,9

best not trust that then

thanks though
  • #17,933
  • Jan 6, 2009 12:54pm Jan 6, 2009 12:54pm
Quoting raczekfx
Interesting.... check my charts....lol


NP..
closing 3/4 of my e/g as I type...
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  • #17,934
  • Jan 6, 2009 1:24pm Jan 6, 2009 1:24pm
Quoting raczekfx
Off course, there is absolutely no reason we should not hit that TP1 now. We have cleared Dec21 weekly bar... . It's just a matter of time. Would I be entering now? Probably not..
I was just thinking about adding to my position then I read this. You say you wouldn't be entering now, is that because it has moved so much with little retrace? If price has a shot at the 1.92 level, we are talking almost 2500 pips from where we are now. For me, I'd risk a few hundred pips for a few thousand. I'll keep watching the charts and see if there is pull back and with some PA signals long. Unless there is a blaring reason not to, or I'm making an obvious mistake, anyone please feel free to comment. Here to learn and grow.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #17,935
  • Jan 6, 2009 1:45pm Jan 6, 2009 1:45pm
Quoting LasVahGoose
I was just thinking about adding to my position then I read this. You say you wouldn't be entering now, is that because it has moved so much with little retrace? If price has a shot at the 1.92 level, we are talking almost 2500 pips from where we are now. For me, I'd risk a few hundred pips for a few thousand. I'll keep watching the charts and see if there is pull back and with some PA signals long. Unless there is a blaring reason not to, or I'm making an obvious mistake, anyone please feel free to comment. Here to learn and grow.
I look at G/C H4 chart and I think the price currently respecting the PPZ as support even though is too early to tell. Hopefully will get a PA confirmation in this area to continue the uptrend move. Once again, JMHO.
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  • #17,936
  • Jan 6, 2009 2:02pm Jan 6, 2009 2:02pm
Quoting arcus
I look at G/C H4 chart and I think the price currently respecting the PPZ as support even though is too early to tell. Hopefully will get a PA confirmation in this area to continue the uptrend move. Once again, JMHO.
Watching it like a Hawk.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #17,937
  • Jan 6, 2009 2:13pm Jan 6, 2009 2:13pm
Anyone else long cable off the daily IB break?
  • #17,938
  • Jan 6, 2009 2:22pm Jan 6, 2009 2:22pm
Quoting enculée
Anyone else long cable off the daily IB break?
I did. But, I just closed mine when it hit the target around ~1.4920 (PPZ).
  • #17,939
  • Jan 6, 2009 2:28pm Jan 6, 2009 2:28pm
I'd like to hold it till (hopefully) 1.52 but the rate announcement on Thursday is making me nervous...So I'm out too for now
  • #17,940
  • Jan 6, 2009 2:32pm Jan 6, 2009 2:32pm
Aud/Usd battling the ppz on the daily, I like the looks of this pair right now.
Patience + Humility + Study = Success
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