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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

  • #24,041
  • Mar 18, 2009 11:49am Mar 18, 2009 11:49am
Quoting joebryce
Did anyone enter the break of the Usd/Cad BUOB. I can't post a chart but it broke and immediately formed a nice PB going the other way.
The BEOB was on the weekly, treat it just that.
I believe . . .
  • #24,042
  • Mar 18, 2009 11:53am Mar 18, 2009 11:53am
Quoting Jduester
I agree that it is frustrating to only be trading daily charts when the 4 hour is providing pinbars at PPZ... But I look at this frustration as a way to break down the bad habits of over trading that I had for a while....
nice post Josh,

You're doing it faster than you should normally have been expected to do. Keep it up! (not many get to impress a person like Mike )

Regards,
Ghous.
I believe . . .
  • #24,043
  • Mar 18, 2009 12:05pm Mar 18, 2009 12:05pm
interesting kiki, thanks for pointing out
  • #24,044
  • Mar 18, 2009 12:24pm Mar 18, 2009 12:24pm
Eur/Jpy shaping nicely...

Are we looking for a monthly pin off the 126 level and the 50 fib retracment?

We don't know, but we know that Ej's at one of those locations where we want some juicy price action...

Interesting how the daily is shaping up...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej monthly.gif Size: 13 KB
Click to Enlarge Name: ej daily.gif Size: 12 KB
I believe . . .
  • #24,045
  • Mar 18, 2009 12:31pm Mar 18, 2009 12:31pm
Quoting Chris P
Thanks guys!

Didn't jump onboard eur/usd as it had a few previous highs to get past and I have a ppz at 1.3050. Worked out just fine though if you decided to take it
i agree Chris,i enterd after mit broke that area and closed pretty quickly.i sold and closed a eu/chf possition for only a few pips,the eu just didnt want to play today.took the retrace of that gb/chf beob alsoleft a bit to run, where do you think it could go??
jon
p.s. Happy Birthday buddy
PATIENCE... DISCIPLINE
  • #24,046
  • Mar 18, 2009 12:32pm Mar 18, 2009 12:32pm
Quoting mbqb11
Hey Uberpip(must be a gamer )

You got a TON of time left in the day that anything and everything can change if you are using the oanda close time

Here is what I see, as if and only if response to your if and only if post

If this did form a pinbar, it would be in a lot of traffic and not at a true swing high....
love your posts Mike.
keep posting mate!!
thanx, jon
PATIENCE... DISCIPLINE
  • #24,047
  • Mar 18, 2009 12:52pm Mar 18, 2009 12:52pm
this is a trade i took today on the us/cad.
heres me thinking i was smart........onlt to be taken out by the time i returned from the shops!!
i want to throw it open to you guys so i can get your views???
waiting for the break of the weekly bar i saw a 2hour beob break the weekly bar low and what i had as sup. so i decided to sell the break. as you all know nothing much happened from then on.
now if i had waited for the 4h bar to close i would have seen that it closed a pin looking bar which would have warned me to stay out(also it only broke by 16 pips on a weekly bar.
the good thing about this is i was pretty much saved by my MM,ie. it wasnt the best set-up so i opened a v.small possition hoping to add to it at a retrace.
comments welcome,
jon
Attached Image (click to enlarge)
Click to Enlarge Name: 2 hour.jpg Size: 89 KB
PATIENCE... DISCIPLINE
  • #24,048
  • Mar 18, 2009 1:02pm Mar 18, 2009 1:02pm
Quoting g_j_hook@yah
this is a trade i took today on the us/cad.
heres me thinking i was smart........onlt to be taken out by the time i returned from the shops!!
i want to throw it open to you guys so i can get your views???
waiting for the break of the weekly bar i saw a 2hour beob break the weekly bar low and what i had as sup. so i decided to sell the break. as you all know nothing much happened from then on.
now if i had waited for the 4h bar to close i would have seen that it closed a pin looking bar which would have warned me to stay out(also it only broke...
where did you have your SL Jon?
I believe . . .
  • #24,049
  • Mar 18, 2009 1:12pm Mar 18, 2009 1:12pm
Quoting ghous
where did you have your SL Jon?
at the top of the 2h bar
EDIT: it was actually a dbhlc on the 1h.
PATIENCE... DISCIPLINE
  • #24,050
  • Mar 18, 2009 1:18pm Mar 18, 2009 1:18pm
BAMMMMMM!!!!
PATIENCE... DISCIPLINE
  • #24,051
  • Mar 18, 2009 1:19pm Mar 18, 2009 1:19pm
HOLY MOLY
  • #24,052
  • Mar 18, 2009 1:21pm Mar 18, 2009 1:21pm
for 1-1.5 minutes, between 20-30pip spreads on gbp$, between 10-20pips on eur$.... wow
(FXCM feed)
  • #24,053
  • Mar 18, 2009 1:24pm Mar 18, 2009 1:24pm
just NOW: nzd$ 15+ pips, audjpy 30+ pips
  • #24,054
  • Mar 18, 2009 1:25pm Mar 18, 2009 1:25pm
now... audjpy, now 30-35+ pips, nzdjpy 50-57+ pips!!!!!!! fireworks indeed
  • #24,055
  • Mar 18, 2009 1:26pm Mar 18, 2009 1:26pm
Wow lol I was going to reply to a post but was transfixed by the USD getting absolutely destroyed.

Anyone have a clue what this is all about ? I caught none of it
  • #24,056
  • Mar 18, 2009 1:26pm Mar 18, 2009 1:26pm
FOMC..
  • #24,057
  • Mar 18, 2009 1:27pm Mar 18, 2009 1:27pm
ok wot hapon???
PATIENCE... DISCIPLINE
  • #24,058
  • Mar 18, 2009 1:28pm Mar 18, 2009 1:28pm
Quoting g_j_hook@yah
ok wot hapon???
http://www.federalreserve.gov/newsev.../20090318a.htm
  • #24,059
  • Mar 18, 2009 1:29pm Mar 18, 2009 1:29pm
US Fed to buy bonds, the economy continues to contract. Will not change low rates for some time.
  • #24,060
  • Mar 18, 2009 1:30pm Mar 18, 2009 1:30pm
spread still haven't settled back to normal levels......


just saw the earlier posts, Happy birthday Chris P!
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