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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

  • #23,521
  • Mar 12, 2009 5:33am Mar 12, 2009 5:33am
gb/cf forming a noce lookin 8h beob,
if you take the bars as 8 h it engulfs the previous 4 bars and breaks the wedge formation
any comment would be welcome
iv also got my eye the eu/jy 4 hour pin thats formin of a nice level
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 8 hour.jpg Size: 144 KB
Click to Enlarge Name: yen.jpg Size: 145 KB
PATIENCE... DISCIPLINE
  • #23,522
  • Mar 12, 2009 5:51am Mar 12, 2009 5:51am
Good morning people!

I noticed 2 pin bar (10min to close) on eur/jpy and on chf/jpy: i think they both are in a nice position,and have space to move. See the chart below.

There is also a BEOB on the 4h chart on gbp/chf, possible target the PPZ at about 1,57.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pin ej 12-03.gif Size: 14 KB
Click to Enlarge Name: pin chfjpy 12-03.gif Size: 11 KB
Click to Enlarge Name: beob gbpchf 4h 12-03.gif Size: 10 KB
  • #23,523
  • Mar 12, 2009 6:08am Mar 12, 2009 6:08am
EUR/JPY 4hr pin bar closes at 12pm GMT. (1 more hour) - does it close an hour early US time ? ie. it may not be Pin come 12pm GMT
  • #23,524
  • Mar 12, 2009 6:12am Mar 12, 2009 6:12am
g_j_hook@yah,
i'm interested in your gbpchf chart. it shows an AlpariUK chart. its timezone is similar w/ AlpariUS & Metaquotes MT4 (just like bakko85's latest post), & yet yours showed an 8hr BEOB/PB, while bakko85's was a regular BEOB similar to mine.
do u have any idea how's that happened?
alpariUK, alpariUS & Metaquotes MT4 time now is 12.00 (H1). what's yours?
Just curious.
  • #23,525
  • Mar 12, 2009 6:12am Mar 12, 2009 6:12am
heres what i see on the eu/us charts
nice 4h pin formed on nice area. could signal the continued bullish run
its the first time price has closed above this TL running since the end of Jan!
a nice retest and voila... a pin bar!!
EDIT: dotted lines are drawn from the close price
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4 hour.jpg Size: 141 KB
Click to Enlarge Name: 4 h.jpg Size: 144 KB
PATIENCE... DISCIPLINE
  • #23,526
  • Mar 12, 2009 6:16am Mar 12, 2009 6:16am
Quoting supremeChaos
g_j_hook@yah,
i'm interested in your gbpchf chart. it shows an AlpariUK chart. its timezone is similar w/ AlpariUS & Metaquotes MT4 (just like bakko85's latest post), & yet yours showed an 8hr BEOB/PB, while bakko85's was a regular BEOB similar to mine.
do u have any idea how's that happened?
alpariUK, US & Metaquotes time now is 12.00 H1. what's yours?
Just curious.
on the demo fromwere i posted the chart it is 11 am now
i use 2 platforms for charts, one closes my time (euro)alpari uk ???dont ask me, and one an hour later for the uk TZ, HY trader cos it has the usd index on it.
i also have the 4h bar on the other platform now.
jon
PATIENCE... DISCIPLINE
  • #23,527
  • Mar 12, 2009 6:19am Mar 12, 2009 6:19am
Quoting supremeChaos
g_j_hook@yah,
i'm interested in your gbpchf chart. it shows an AlpariUK chart. its timezone is similar w/ AlpariUS & Metaquotes MT4 (just like bakko85's latest post), & yet yours showed an 8hr BEOB/PB, while bakko85's was a regular BEOB similar to mine.
do u have any idea how's that happened?
alpariUK, alpariUS & Metaquotes MT4 time now is 12.00 (H1). what's yours?
Just curious.
I've an Alpari UK demo account, i live in Italy...
  • #23,528
  • Mar 12, 2009 6:36am Mar 12, 2009 6:36am
well EUR/JPY is no longer pin as its bounced. feels like I've missed the boat while waiting for close ?
  • #23,529
  • Mar 12, 2009 6:41am Mar 12, 2009 6:41am
Quoting advfntrader
well EUR/JPY is no longer pin as its bounced. feels like I've missed the boat while waiting for close ?
Check out the us/jpy, lets see if it send a pin bar
  • #23,530
  • Mar 12, 2009 6:44am Mar 12, 2009 6:44am
Quoting otm
Check out the us/jpy, lets see if it send a pin bar
both eu and us have closed and triggered on my feed (EU time)
PATIENCE... DISCIPLINE
  • #23,531
  • Mar 12, 2009 6:44am Mar 12, 2009 6:44am
Quoting g_j_hook@yah
heres what i see on the eu/us charts
nice 4h pin formed on nice area. could signal the continued bullish run
its the first time price has closed above this TL running since the end of Jan!
a nice retest and voila... a pin bar!!
EDIT: dotted lines are drawn from the close price
Actually I'm also in this trade. A few hours ago I took the BEOB for a couple of pips, closing 33 pips (3/4 of my lot) and then let 1/4 set abit higher in TP, however, it went BE. Now going long targeting bit high on this one. 1.2835? Thinking of targeting that one first and then prolly gonna be targeting 1.2980. We'll see what happen
  • #23,532
  • Mar 12, 2009 6:56am Mar 12, 2009 6:56am
Quoting hijackxx
Actually I'm also in this trade. A few hours ago I took the BEOB for a couple of pips, closing 33 pips (3/4 of my lot) and then let 1/4 set abit higher in TP, however, it went BE. Now going long targeting bit high on this one. 1.2835? Thinking of targeting that one first and then prolly gonna be targeting 1.2980. We'll see what happen
i also got in earlier with a 1h pin
looking to target 1.2900 today ,but will keep my stops tight. i plan to keep full possition till 129 but raising my stop bout every 50 pips(every round no. break)
PATIENCE... DISCIPLINE
  • #23,533
  • Mar 12, 2009 7:00am Mar 12, 2009 7:00am
eu/yen stop to 122.50
eu/us stop to 127.40
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  • #23,534
  • Mar 12, 2009 7:02am Mar 12, 2009 7:02am
Quoting g_j_hook@yah
i also got in earlier with a 1h pin
looking to target 1.2900 today ,but will keep my stops tight. i plan to keep full possition till 129 but raising my stop bout every 50 pips(every round no. break)
Looking good
  • #23,535
  • Mar 12, 2009 7:31am Mar 12, 2009 7:31am
Quoting ghous
Chf/Jpy has been shaping nicely too...
Ghous congratulations on those trades. You are getting really good at it ;];].
You are lucky man being that young with all this knowledge...
  • #23,536
  • Mar 12, 2009 7:33am Mar 12, 2009 7:33am
.
Gorgeous looking G/J pin. Closing on the right side of good confluence.
.
Attached Image
Bundy's status today: "Waiting..."
  • #23,537
  • Mar 12, 2009 7:42am Mar 12, 2009 7:42am
Quoting bundyraider
.
Gorgeous looking G/J pin. Closing on the right side of good confluence.
.
Nice .. on the same one - tp ?
I can see 140 in the immediate ..
  • #23,538
  • Mar 12, 2009 7:44am Mar 12, 2009 7:44am
Quoting g_j_hook@yah
eu/yen stop to 122.50
eu/us stop to 127.40
eu/yen stop to 122.90
eu/us stop to BE (127.72)a free ride if nothing else
EDIT: a good time to have dinner hehe.keep my fingers buzy!!
PATIENCE... DISCIPLINE
  • #23,539
  • Mar 12, 2009 7:48am Mar 12, 2009 7:48am
Quoting pipmyride
Nice .. on the same one - tp ?
I can see 140 in the immediate ..
i see pretty strong res at 136.00
PATIENCE... DISCIPLINE
  • #23,540
  • Mar 12, 2009 8:06am Mar 12, 2009 8:06am
Quoting pipmyride
Nice .. on the same one - tp ?
I can see 140 in the immediate ..
Monster fib. confluence , proven reaction area and very very nice pin like that? ...No target. I'll trail the price action.

Hookie pointed out a great target. That's where my alerts are getting set.
Bundy's status today: "Waiting..."
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