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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

  • #24,141
  • Mar 18, 2009 7:18pm Mar 18, 2009 7:18pm
Quoting simoncs
Oh... & to the FA...
If you want "Respect" send them all to a 1 week Rugby camp.

Haha - totally agree - bunch of overpaid fairies the lot of them

ozie, ozie, ozie, oi,oi,oi......
  • #24,142
  • Mar 18, 2009 7:34pm Mar 18, 2009 7:34pm
Quoting Jduester
Hey thanks! I've bookmarked that post! A few other Badger fans on here will like that too.
Oh no. Here is where its at.
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  • #24,143
  • Mar 18, 2009 7:45pm Mar 18, 2009 7:45pm
after recording low of 3840 earlier in the morning price have played with my 4hr pzz (I have lowered tf to 1hr to better show those tests - bounces )
I simply bought one of those bounces, since I expected dejavu from Dec. 2008 (similar PA on us based crosses)

Quoting LePip
Hi Race,

Good job! Quick question, if you don't mind.

Why did you go long on GU at 3974?

Thanks.
Le Pip
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  • #24,144
  • Mar 18, 2009 7:59pm Mar 18, 2009 7:59pm
Quoting gorubin
Hi I entered the USD/CAD short when it broke off the weekly BEOB this morning...Had to endure the immediate drawdown of up to -130 I think but now I closed most of it for a nice +145 pips, the rest moved to B/E and a more aggressive target...pheeww, that was a tough one.

My question to raczekfx or other more senior members or PF members is...was it stupid to enter a trade before the pending FOMC meeting
If it was, I would not be in a trade. A retrace allowed me to carry out this weekly setup with much more weight. Luckily for me it happened; there are times we don't get a retrace, hence miss a trade if we're not in on the original brake.
  • #24,145
  • Mar 18, 2009 8:15pm Mar 18, 2009 8:15pm
Thoughts on this pin on gbp/chf ?
Big pullback from run ...
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  • #24,146
  • Mar 18, 2009 8:39pm Mar 18, 2009 8:39pm
Another on the beast - having not taken it yet, could u take it on this retrace ?
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  • #24,147
  • Mar 18, 2009 9:17pm Mar 18, 2009 9:17pm
Quoting gorubin
Hi I entered the USD/CAD short when it broke off the weekly BEOB this morning...Had to endure the immediate drawdown of up to -130 I think but now I closed most of it for a nice +145 pips, the rest moved to B/E and a more aggressive target...pheeww, that was a tough one.
On the break of a PA setup, I would use more of a buffer on the Weekly, 15 -20 pips; Daily, 10-15pips; 4 hour, 5 to 10. Taking a 1-2 pip break on the Weekly PA setup is not giving much room for confimation.
Indicators show the past. Price Action "Indicates" the future.
  • #24,148
  • Mar 18, 2009 9:24pm Mar 18, 2009 9:24pm
Hello all....haven't popped in here for a while

Anyone in on the EURUSD 4hr pin bar off the 1.3500 level?.....fairly neutral looking though
  • #24,149
  • Mar 18, 2009 9:40pm Mar 18, 2009 9:40pm
Quoting tehuringa
Hello all....haven't popped in here for a while

Anyone in on the EURUSD 4hr pin bar off the 1.3500 level?.....fairly neutral looking though
I took the bounce off it but am out allready for a measly 45..
  • #24,150
  • Mar 18, 2009 10:02pm Mar 18, 2009 10:02pm
Quoting johnnyonspot
Oh no. Here is where its at.
Its GOLDIE !!!
  • #24,151
  • Mar 18, 2009 10:42pm Mar 18, 2009 10:42pm
how does the BEOB on CHF/JPY look?
  • #24,152
  • Mar 18, 2009 10:42pm Mar 18, 2009 10:42pm
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
If anyone of you playing this setup, it's pray time now.

H4 TF: resistance immediately on top of the setup
Weekly: sits on top of the weekly support line

Long position is taken, in a hope weekly demand overweighs H4 supply force.

Given the extremely long bearish bar of its left eye, this play probably will take long time before making decent bucks, if my anticipation come into true
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  • #24,153
  • Mar 18, 2009 10:54pm Mar 18, 2009 10:54pm
Thanks Raczekfx. I have noticed that as well that many pins that I've taken do retrace at least to a 23 Fib level. I guess that's a more conservative way to play the pins since your max stop loss will be smaller.

Quoting raczekfx
If it was, I would not be in a trade. A retrace allowed me to carry out this weekly setup with much more weight. Luckily for me it happened; there are times we don't get a retrace, hence miss a trade if we're not in on the original brake.
  • #24,154
  • Mar 18, 2009 11:07pm Mar 18, 2009 11:07pm
dengzhi,
chfjpy looks good so far. if it pushes through, we may even get a daily BEOB



krue,
if at all, price may wander between ppz/ congestion area/retracement 1.1450-1500, that's an IF. going beyond 1.1500-1550 may be lesser of a chance &/or met w/ more sellers. Let's see what happens soon...

imho, that is not a PB (from w/c u based your long trade on), more like a neutral bar.
Don't downplay left eye's HUGE down bar. the PB u mentioned is too small compared to the left eye's bar. that PB is not "sticking out".

Weekly has a "semi-BEOB" forming. Monthly has a BEOB (NOTE: almost 1.5week to go before bar closes). we have been in a range since March12 (since January actually) & this break is i think, forthcoming (& most people are anticipating this in other pairs as well).

let's not pray. instead let's just analyze PA.
  • #24,155
  • Mar 18, 2009 11:08pm Mar 18, 2009 11:08pm
Quoting mattfx
Any comments ?
I would like to give my take on these PA setups. I didn't take any of these setups.

First the Daily/Weekly PPZs which you have indicated. Heres' mine. (Chart 1)

This is how I would rate them.(Chart 2)

The A+ setup is at a swing Low, off a Daily/Weekly PPZ, with some nice space, size is good compared to previous bars and with a nice hard break at the break. This is what we look for.

The C- setup was off a D/W PPZ but no space (in traffic) and not at a swing Low. Nice hard break at the break. Price Action is a powerful thing at times and can produce some good moves even if it does not meet our (my) patiencely waited criteria. Although if I was to take this trade, how Price acted at the break would be my decision point. Meaning if it didn't break out as it did, I'm out.

The B- setup was off a D/W PPZ, very little space but considered in traffic to me. Not at a swing Low. But I do like the size, very large relative to the preceeding bars (candles).

Just my thoughts. Other comments most welcomed.

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #24,156
  • Mar 18, 2009 11:09pm Mar 18, 2009 11:09pm
Quoting pipmyride
Another on the beast - having not taken it yet, could u take it on this retrace ?
Strictly trading off of this 4hr pin, the trade is done. I would not get creative with it. I see that price has retraced, but I personally would still not trade a fib .68 funkyness.
But, if you have traded these in this way profitably for 3 months, maybe you are on to something. It is at a good ppz, with almost 1hr IB and daily consolidation.
  • #24,157
  • Mar 18, 2009 11:17pm Mar 18, 2009 11:17pm
Quoting dengzhi
how does the BEOB on CHF/JPY look?
Are you talking about this one dendzhi?
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #24,158
  • Mar 18, 2009 11:40pm Mar 18, 2009 11:40pm
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
Thanks, Supremechao, for the comment. probably I need to take some discipline sticking to strict criteria before becoming savvy on the different form of PA varieties. but, sometimes, a little bit confused to see a lot unusual situations.

the BUOVB preceeding this week didn't succeed for the same pair. so, probably this one neither,uhmmm? I considered this bearish sentiment too, but, in this conjestion area, the price action seems not very reliable, if I may??

I also had very bad experience with the very extrusive Pinbar of the attached chart, the first Pin in the shadow area cheated me a quite lot. and then, the second ( I was playing retracement)......

I seems very stubborn person, am I? I knew, too many mess in my mind, need to clean off. so, mentality becomes my priority to sort it out for the moment.

Sorry for put so much comment as response, which I think I should not. but, if I couldn't spell them out, I really won't be in a position to take anything in. pardon me for saying so, I am full of garbage in my mind, so, please let me pour out something in order to get some space for taking in.

Appreciated very much, Supermechao, and any other friends here for your nice comments.





Quoting supremeChaos
dengzhi,
chfjpy looks good so far. if it pushes through, we may even get a daily BEOB



krue,
if at all, price may wander between ppz/ congestion area/retracement 1.1450-1500, that's an IF. going beyond 1.1500-1550 may be lesser of a chance &/or met w/ more sellers. Let's see what happens soon...

imho, that is not a PB (from w/c u based your long trade on), more like a neutral bar.
Don't downplay left eye's HUGE down bar. the PB u mentioned is too small compared to the left eye's bar. that PB is not "sticking out".

Weekly has a...
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  • #24,159
  • Mar 18, 2009 11:57pm Mar 18, 2009 11:57pm
Quoting jarroo
Are you talking about this one dendzhi?
Or maybe its the 4 hour BEOB. Blue box is the Weekly BEOB.

I believe that NuckingFuts may use at times the higher time PA bias and look for PA on a lower time frame (4 hour BEOB). In this case bearish.
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Indicators show the past. Price Action "Indicates" the future.
  • #24,160
  • Mar 18, 2009 11:58pm Mar 18, 2009 11:58pm
All,
Any ideas on the gbp/chf i posted earlier (H4 & H1), its still hovering.

I'm planning to long above a break here.
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