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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

  • #23,341
  • Mar 9, 2009 10:10am Mar 9, 2009 10:10am
Quoting artov
Looks like a pretty nice 4H PB closing soon. PPZ resistance waiting so it would not be a A+ trade but still looks good to me. Anyone else watching it too?
I'm looking for this, but, like you said, not an A trade for me. Near a minor PPZ (on the 4h chart) and very close to the bottom trend line.
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  • #23,342
  • Mar 9, 2009 10:21am Mar 9, 2009 10:21am
Quoting Bemac
I know this is a multiple posting but felt I had to do this...
I already posted this on the PF...

"
I reserve the right to change my mind on a whim. After all, I do Trade.

The Recent PA {over the last month or so if that's recent to you} has given me point to ponder.
Regardless of FA the USD has Gained accross the Board & I, thankfully, increased my cargo by playing in that direction.
NOW, after checking charts from TF's 15Min to 1 Month, it appears that is about to change.

You don't turn a MegaShip on a dime. It takes both Time & Distance.{Diplomats...
funny been thinking that all weekend!! the more i looked at my charts the more bearish usd i became
PATIENCE... DISCIPLINE
  • #23,343
  • Mar 9, 2009 10:31am Mar 9, 2009 10:31am
Quoting artov
Looks like a pretty nice 4H PB closing soon. PPZ resistance waiting so it would not be a A+ trade but still looks good to me. Anyone else watching it too?
Yes artov, i spotted it and even though it is not a perfect PB with regard to the ratio between the upper part and lower part, i am still interested in it and waiting for the second eye to form.

Seb
  • #23,344
  • Mar 9, 2009 10:39am Mar 9, 2009 10:39am
And I would have been much more relieved if that pb closed below 2973. That would have been great.

Seb
  • #23,345
  • Mar 9, 2009 10:45am Mar 9, 2009 10:45am
Quoting bakko85
I'm looking for this, but, like you said, not an A trade for me. Near a minor PPZ (on the 4h chart) and very close to the bottom trend line.
hey bakko,
pls wat mas are those on ur chart which look like bollinger bands..
thnx
Simplicity is the key to success
  • #23,346
  • Mar 9, 2009 10:51am Mar 9, 2009 10:51am
Squeezy,
yes, they are Bollinger bands. I use them only to see the trend and the volatility, and sometimes combined with IBs. They are not fundamental for our PA in this thread
  • #23,347
  • Mar 9, 2009 11:32am Mar 9, 2009 11:32am
Quoting mattfx
Hello all,
Wanted to share something with you. I have been also using trendlines for sometime both long and short upper (opposite as well) myself for some time, not sure whether trend lines have been discussed that much here (other than side to side action) yet I have found this most helpful when trying to consider whether there has been a trend change. You can also incorporate fibs into the equation. Some may have thought that low around 96.50 may have broken the support area of 97 yet all it did was run "smack bang" into the upper tl. Does this...
Hey Matt,

Yes a lot of us use TLs here too. In your case above they are good when looking for additional confluence to support a trade idea. I only like the really obvious ones, and also use them to trade breakouts off. James only uses horizontal support/resistance. I like trendlines when they are used in the most simplistic obvious way.

Thanks for sharing, and I agree with your usd/jpy analysis

Mike
  • #23,348
  • Mar 9, 2009 12:35pm Mar 9, 2009 12:35pm
Hi all,

Anyone watching possible DBHLC, on 61.8% Ret for EURGBP?
The thick red line is weekly pivot R2 which could contain it though.
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Omnia Vanitas
  • #23,349
  • Mar 9, 2009 12:44pm Mar 9, 2009 12:44pm
Regarding the eurgbp, that is a nice dblhlc, but is not anywhere near any PPZ that I have on my chart. Same for the PB on UCHF. Both PA setups look great to this novice, but cannot trade due to the locations not being at PPZ.
  • #23,350
  • Mar 9, 2009 12:44pm Mar 9, 2009 12:44pm
Quoting TheArtist
Hi all,

Anyone watching possible DBHLC, on 61.8% Ret for EURGBP?
The thick red line is weekly pivot R2 which could contain it though.
Hey Theartisit

Remember for a DBHLC , we need the close to be LOWER then the previous bars LOW. This would be a TBH(two bar high)


Mike
  • #23,351
  • Mar 9, 2009 12:54pm Mar 9, 2009 12:54pm
Yeah no I understand that's why I asked if anyone was "watching".. there are still 2hrs before the close of this 4h bar.
And if it does close below it would have retraced from 61.8% to a level below 50%, which I thought could be interesting.
Omnia Vanitas
  • #23,352
  • Mar 9, 2009 1:00pm Mar 9, 2009 1:00pm
Quoting Bemac
I know this is a multiple posting but felt I had to do this...
I already posted this on the PF...

"
I reserve the right to change my mind on a whim. After all, I do Trade.

The Recent PA {over the last month or so if that's recent to you} has given me point to ponder.
Regardless of FA the USD has Gained accross the Board & I, thankfully, increased my cargo by playing in that direction.
NOW, after checking charts from TF's 15Min to 1 Month, it appears that is about to change.

You don't turn a MegaShip on a dime. It takes both Time...
You might want to read this link before really deciding that the ship is doing a 180 and not a 360 in long term. I am not trying to say what you are seeing is wrong, instead it is probably quite right but not a bottom? We have been through this already 5 times last year. Free login may be required.

http://www.rgemonitor.com/blog/roubi...go__much_lower

~~~~
I have also argued that another bear market rally may occur some time in Q2 or Q3 of this year and may end up like the previous six. Indeed in the last 12-18 every time something dramatic happens (that leads to a lower stock market low) and the government reacts to it with a more aggressive policy action optimists come out and say that this is the dramatic and cathartic event that suggests that a bottom has been reached: they said that after Bear Stearns, after the collapse and rescue of Fannie and Freddie, after Lehman, after AIG, after the TARP was announced, after the G7 communique’, after the $800 fiscal stimulus package was announced last November (the onset of the latest sucker’s rally).
~~~~
Of course you cannot rule out another bear market sucker’s rally in 2009, most likely in Q2 or Q3: the drivers of this rally will be the improvement in second derivatives of economic growth and activity in US and China that the policy stimulus will provide on a temporary basis: but after the effects of tax cut will fizzle out in late summer and after the shovel-ready infrastructure projects are done the policy stimulus will slack by Q4 as most infrastructure projects take year to be started let alone finished; similarly in China the fiscal stimulus will provide a fake boost to non-tradeable productive activities while the traded sector and manufacturing continues to contract. But given the severity of macro, household, financial firms and corporate imbalances in the US and around the world this Q2 or Q3 sucker’s market rally will fizzle out later in the year like the previous 5 ones in the last 12 months.
~~~
  • #23,353
  • Mar 9, 2009 1:03pm Mar 9, 2009 1:03pm
Quoting g_j_hook@yah
thanx ghous, what do you think of the 4h pin forming on us/ch??
15 mins to go on my feed. looks lovely to me??fib confluence and breaks a nice round number after the retrace of fridays slaughter
Did'nt get the 4H pin bar on my chart but 8H looks ggggrrrreat!!!

Regards,
Ghous.
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I believe . . .
  • #23,354
  • Mar 9, 2009 1:07pm Mar 9, 2009 1:07pm
Ok, quite boring day for me, so i post a chart of this pair.
Any opinions?

I've also a question about Inside Bar and Bollinger Bands...
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  • #23,355
  • Mar 9, 2009 1:11pm Mar 9, 2009 1:11pm
Quoting ghous
Did'nt get the 4H pin bar on my chart but 8H looks ggggrrrreat!!!

Regards,
Ghous.
Hi ghous,
your 8h pin bar look better than mine on 4h (Alpari feed)
  • #23,356
  • Mar 9, 2009 1:12pm Mar 9, 2009 1:12pm
Quoting bakko85
Ok, quite boring day for me, so i post a chart of this pair.
Any opinions?

I've also a question about Inside Bar and Bollinger Bands...
Long would be pretty aggressive IMO, but it may obviously work out though, should we restest 1.4 before the daily closes today things may start becoming good for longs too...IMO that it

Regards,
Ghous.
I believe . . .
  • #23,357
  • Mar 9, 2009 1:15pm Mar 9, 2009 1:15pm
Quoting TheArtist
Yeah no I understand that's why I asked if anyone was "watching".. there are still 2hrs before the close of this 4h bar.
And if it does close below it would have retraced from 61.8% to a level below 50%, which I thought could be interesting.
I thought you were referring to the dblhlc on the 1 hr. Guess not. My bad.
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  • #23,358
  • Mar 9, 2009 1:24pm Mar 9, 2009 1:24pm
And here another inside bar, on usdcad.

In this case i'd play it only short, because of the important PPZ at 1,30 (look at the daily chart to see it!). There is also a divergence on MACD. But, i see a possible zone of problems in the blue rectangles below.. In case of violation of these level we can see 1,28 again.
Not an A trade in my opinion... How would you qualify this setup? B-/C?
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  • #23,359
  • Mar 9, 2009 1:27pm Mar 9, 2009 1:27pm
Quoting bakko85
And here another inside bar, on usdcad.

In this case i'd play it only short, because of the important PPZ at 1,30 (look at the daily chart to see it!). There is also a divergence on MACD. But, i see a possible zone of problems in the blue rectangles below.. In case of violation of these level we can see 1,28 again.
Not an A trade in my opinion... How would you qualify this setup? B-/C?
Looks good Bakko,

It's 11:30 pm here and i am....

Don't want to get entangled in too many trades at this time.
I believe . . .
  • #23,360
  • Mar 9, 2009 1:29pm Mar 9, 2009 1:29pm
Here in italy it's 7:30 pm, lunch time
Good night ghous!
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