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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

  • #19,201
  • Jan 21, 2009 12:49am Jan 21, 2009 12:49am
Quoting james16
CHART
Nice Jim,

Any comments on the Chf/Jpy pin??
I believe . . .
  • #19,202
  • Jan 21, 2009 2:39am Jan 21, 2009 2:39am
Hey ghous

Here's one i think you might have your eye on

break TL with divergence... could see if the 4hr forms a BEOB
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  • #19,203
  • Jan 21, 2009 2:50am Jan 21, 2009 2:50am
Quoting ghous
Nice Jim,

Any comments on the Chf/Jpy pin??
The 4h Chf/Jpy pin?

This one?
I'm sure to be keeping my eye on this one...
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  • #19,204
  • Jan 21, 2009 3:01am Jan 21, 2009 3:01am
Quoting simoncs
Hey ghous

Here's one i think you might have your eye on

break TL with divergence... could see if the 4hr forms a BEOB
Hey Simon,

No trade for me till we see a proper break of the 1.258 region...

I'll be watching for an oprtunity here...

Regards,
Ghous.
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I believe . . .
  • #19,205
  • Jan 21, 2009 3:09am Jan 21, 2009 3:09am
Quoting xcov
The 4h Chf/Jpy pin?

This one?
I'm sure to be keeping my eye on this one...
Hi Xcov,

I was talking abt the failed weekly pin, was seeking the boss's view on the failure

Anyways...

If you're looking at the 4H pin make sure you have an eye on the 79 round number (which is more important a ppz than it appears so on the zoomed in 4H chart, the daily gives a better view) and the ppz zone that immedietly follows it.

I have no objection with the shape ofcoarse

EDIT: forgot the charts sorry

Regards,
Ghous.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: cj 4h.gif Size: 8 KB
I believe . . .
  • #19,206
  • Jan 21, 2009 3:20am Jan 21, 2009 3:20am
Quoting ghous
Hi Xcov,

I was talking abt the failed weekly pin, was seeking the boss's view on the failure

Anyways...

If you're looking at the 4H pin make sure you have an eye on the 79 round number (which is more important a ppz than it appears so on the zoomed in 4H chart, the daily gives a better view) and the ppz zone that immedietly follows it.

I have no objection with the shape ofcoarse

Regards,
Ghous.
Hi Ghous, thanks for the reply...
Yeah that 79.00 is what keeping me out from entering...but I kinda liked the pin because it appears on the downtrend swing...

I think the weekly failed because of the nose and pin size..which is relatively small compared to the other bars...

Have a nice day
  • #19,207
  • Jan 21, 2009 3:23am Jan 21, 2009 3:23am
Quoting xcov
Hi Ghous, thanks for the reply...
Yeah that 79.00 is what keeping me out from entering...but I kinda liked the pin because it appears on the downtrend swing...

I think the weekly failed because of the nose and pin size..which is relatively small compared to the other bars...

Have a nice day
Traffic was a major issue but some factors made me over look it...

Was a great learning experience
I believe . . .
  • #19,208
  • Jan 21, 2009 4:01am Jan 21, 2009 4:01am
Very strong support area...we should get some nice price action here to take a long on it....make sure you look for price action from a high timeframe and not from a small timeframe to simply get a better price since you dont whant to get in front of train with a bicyle...Ill be seeking something like 4 hour chart pa...or maybe 8 hour chart

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  • #19,209
  • Edited 5:14am Jan 21, 2009 4:41am | Edited 5:14am
The seeds for our current collapse were sown years before the new POTUS. Hopefully it's not as bad as it looks like it will get, but you never know.
Patience + Humility + Study = Success
  • #19,210
  • Jan 21, 2009 5:16am Jan 21, 2009 5:16am
Quoting DutchTrader
The seeds for our current collapse were sown years before the new POTUS. Hopefully it's not as bad as it looks but you never know.
Well if we take a look at the past relations between inauguration day with DJIA..we're at the lowest loss ever..down 4%

But after 100 days in office,the past performances said that it's likely to go up...

Well I'm crossing my fingers
  • #19,211
  • Jan 21, 2009 5:19am Jan 21, 2009 5:19am
Quoting james16
the markets are about reality. whether you like him or not he is a very liberal and inexperienced man. the markets know this reality and until or if he proves he is not going to move this country toward socialism it will be very nervous.

my opinion is you havnt seen anything yet. my personal hope is he is as smart as he is liberal and he knows he cant do as president what he did as a senator of a very liberal state. time will tell.

make no mistake that many in his party want to go as hard left as possible. if that actually happens there could...
Hear hear! He has one option for socialism and that is to print money. This gives me a little hope, because I think he may be a little more intelligent than that but I won't hold my breath. That is, unless he can't balance his own personal check book!
  • #19,212
  • Jan 21, 2009 5:30am Jan 21, 2009 5:30am
Quoting HipsterPipster
Hear hear! He has one option for socialism and that is to print money. This gives me a little hope, because I think he may be a little more intelligent than that but I won't hold my breath. That is, unless he can't balance his own personal check book!
The caveat here is. Until proven otherwise, he is still a pollatician.
  • #19,213
  • Jan 21, 2009 5:39am Jan 21, 2009 5:39am
Quoting rustyjeff
The caveat here is. Until proven otherwise, he is still a pollatician.
For US citizens only: http://www.irs.gov/pub/irs-pdf/f4029.pdf
  • #19,214
  • Jan 21, 2009 5:40am Jan 21, 2009 5:40am
He's a politician surrounded, and elected by a large cotterie of lefties. If they make hay he'll excarcebate the issues that had been plaguing us long ago. He can't really make it better, imvho, but he can damn sure make it worse.
Patience + Humility + Study = Success
  • #19,215
  • Jan 21, 2009 5:40am Jan 21, 2009 5:40am
Quoting mbqb11
for what it is worth, when I was running today CNBC ran a stat( I believe this is correct, but please if I am wrong don't hold me to it). That 72% of inauguration days ended bearish(this was of course the worst % wise). Next time I will remember that stat . All about probabilities. But in the end just let the charts guide you

Mike
Yes, important to remember. Perhaps next election cycle....when you are old enough to vote, you can use that info Mikey!



  • #19,216
  • Jan 21, 2009 5:49am Jan 21, 2009 5:49am
Quoting clockwork71
Yes, important to remember. Perhaps next election cycle....when you are old enough to vote, you can use that info Mikey!



He needs to first learn how to drive, so he doesn't have to run everywhere.
  • #19,217
  • Jan 21, 2009 5:52am Jan 21, 2009 5:52am
Quoting DutchTrader
He's a politician surrounded, and elected by a large cotterie of lefties. If they make hay he'll excarcebate the issues that had been plaguing us long ago. He can't really make it better, imvho, but he can damn sure make it worse.

He is surrounded by the same type of people the previous few Presidents were surrounded with. King George was as liberal as they get. Obama and his people are from the exact same mold. It never ceases to amaze me how intelligent people continue to perpetrate an illusion of left/right when there is no significant difference between our two political parties.
  • #19,218
  • Jan 21, 2009 6:01am Jan 21, 2009 6:01am
Quoting HipsterPipster
For US citizens only: http://www.irs.gov/pub/irs-pdf/f4029.pdf

Whoa Hipster! I like it. Please tell me what religion I need to join or group I need to be affiliated with so the IRS will accept my form.
  • #19,219
  • Jan 21, 2009 6:04am Jan 21, 2009 6:04am
Quoting joebryce
He is surrounded by the same type of people the previous few Presidents were surrounded with. King George was as liberal as they get. Obama and his people are from the exact same mold. It never ceases to amaze me how intelligent people continue to perpetrate an illusion of left/right when there is no significant difference between our two political parties.
He's a socialist at heart. If he's the same as GWB then I guess we'll agree to disagree. I worked in D.C. for a while I'm well aware of both parties.
Patience + Humility + Study = Success
  • #19,220
  • Jan 21, 2009 7:01am Jan 21, 2009 7:01am
Quoting senorsam21
Whoa Hipster! I like it. Please tell me what religion I need to join or group I need to be affiliated with so the IRS will accept my form.
I will PM you.
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