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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

  • #24,761
  • Mar 25, 2009 7:10am Mar 25, 2009 7:10am
also...
not sure if most here have noticed & mentioned that eur$ has a MASSIVE
Monthly BUOB, past 50% of the 3 previous equally HUGE candles/bars (IBFX: Oct & dec'08, Jan'09). Let's see how March ends...
Is this the year we break 1.60 & head for eur$ 2.00? Let us observe this year & the next
  • #24,762
  • Mar 25, 2009 7:15am Mar 25, 2009 7:15am
jarroo,
before i temporarily log out for today, i won't forget to thank you for your posts yesterday. Thanks for sharing them. They were short & sweet.
  • #24,763
  • Mar 25, 2009 7:25am Mar 25, 2009 7:25am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting supremeChaos
also...
not sure if most here have noticed & mentioned that eur$ has a MASSIVE
Monthly BUOB, past 50% of the 3 previous equally HUGE candles/bars (IBFX: Oct & dec'08, Jan'09). Let's see how March ends...
Is this the year we break 1.60 & head for eur$ 2.00? Let us observe this year & the next
Interesting view, not sure how valid the candles are when seperated like that, but i do have to add to this, the Oct candle bounced of the 100ema (personnel choice of ma's) and then was followed by all the previous candles to do the same thing and bounce of this area, which also happens to be a strong support point, the problem is i have a decending TL from july 2008 which has kept all the following candles beneth it. at some point one side of this fight must give way, and i do favour the long view, but not just yet, shorts are still on. IMO

Note i'm new to J16 so i could be completly wrong LOL
  • #24,764
  • Mar 25, 2009 7:35am Mar 25, 2009 7:35am
eur$ has a MASSIVE Monthly BUOB, past 50% of the 3 previous equally HUGE candles/bars (IBFX: Oct & dec'08, Jan'09). Let's see how March ends...

Thanks for your feedback supremeChaos.
  • #24,765
  • Mar 25, 2009 8:10am Mar 25, 2009 8:10am
few trades i'm in.
Showing 4hr but took 1hr pins off support as my bias is up for now.
.
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  • #24,766
  • Mar 25, 2009 8:13am Mar 25, 2009 8:13am
Quoting supremeChaos
..
Is this the year we break 1.60 & head for eur$ 2.00? Let us observe this year & the next
don't get too excited...

We won't. Europe has way too many problems and as US (even though she already bankrupt) emerges from today's chaos, Europe will be lagging behind.
My bias for fiber: to be around 1.16-1.20 later this year.
  • #24,767
  • Mar 25, 2009 8:17am Mar 25, 2009 8:17am
Let's see how hard this BUOB on the 4 hour Euro breaks. (if it breaks)
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #24,768
  • Mar 25, 2009 8:48am Mar 25, 2009 8:48am
EUR/JPY struggling now. fighting against Daily pinbar ?
  • #24,769
  • Mar 25, 2009 8:54am Mar 25, 2009 8:54am
Quoting jarroo
Let's see how hard this BUOB on the 4 hour Euro breaks. (if it breaks)
Hi jarroo,

I like to ask you is the BUOB on the H4 a good trade? It doesn't seem to be at a swing low and the last few candles are ranging. Pls advise.
  • #24,770
  • Mar 25, 2009 8:54am Mar 25, 2009 8:54am
am back shortly....


MPP, raczekfx,
appreciate your replies. I value everyone's posts & points of view. This makes for an interesting discussion, be it short or "LP" (long playing ). Let's see how eur$ wants to play in the long run. I'm excited


out again....
  • #24,771
  • Mar 25, 2009 8:57am Mar 25, 2009 8:57am
Quoting OGW
eur$ has a MASSIVE Monthly BUOB, past 50% of the 3 previous equally HUGE candles/bars (IBFX: Oct & dec'08, Jan'09). Let's see how March ends...

Thanks for your feedback supremeChaos.

That's nothing, but welcome, OGW.
  • #24,772
  • Mar 25, 2009 9:01am Mar 25, 2009 9:01am
Quoting jarroo
Let's see how hard this BUOB on the 4 hour Euro breaks. (if it breaks)
This is how I roll.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #24,773
  • Mar 25, 2009 9:05am Mar 25, 2009 9:05am
Quoting jarroo
This is how I roll.
jaroo, congrats on that trade! was your entry at 50% fib retracement, or top of BUOB bar?
  • #24,774
  • Mar 25, 2009 9:06am Mar 25, 2009 9:06am
Quoting Ray_1
Hi jarroo,

I like to ask you is the BUOB on the H4 a good trade? It doesn't seem to be at a swing low and the last few candles are ranging. Pls advise.
Its at a swing low just not very deep. Is it an "A" trade? Probably not.

1st half 73 pips / 2nd half at break even.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #24,775
  • Mar 25, 2009 9:12am Mar 25, 2009 9:12am
Quoting zimdonks
jaroo, congrats on that trade! was your entry at 50% fib retracement, or top of BUOB bar?
1.3542 above the obvious S/R level or 4 hour PPZ (green boxes).
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #24,776
  • Mar 25, 2009 9:15am Mar 25, 2009 9:15am
Quoting jarroo
Its at a swing low just not very deep. Is it an "A" trade? Probably not.

1st half 73 pips / 2nd half at break even.
2nd half stopped out.
Indicators show the past. Price Action "Indicates" the future.
  • #24,777
  • Mar 25, 2009 9:35am Mar 25, 2009 9:35am
Quoting jarroo
1.3542 above the obvious S/R level or 4 hour PPZ (green boxes).
great, thanks. im learning the theory but always good to see it live! appreciate it
  • #24,778
  • Mar 25, 2009 9:38am Mar 25, 2009 9:38am
Quoting jarroo
2nd half stopped out.
I was wondering if any J16 master was able to get this moviment... I think I have my answer!

I had the same BUOB on IBFX but I confess that I didnt pay attention on it.. well I woke up less than 2 hours ago and I think that my eyes are trained to see only PB right now haha

GREAT job Jarroo
  • #24,779
  • Edited 2:38pm Mar 25, 2009 9:38am | Edited 2:38pm
Quoting zimdonks
great, thanks. im learning the theory but always good to see it live! appreciate it
Remember this from James16: (This is printed in bold font next to my computer.)

THIS IS CRITICAL.

WE MUST LEARN TO:

1. notice a strong s/r area just beyond our pa if it exists.
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared.

if we know its there we have several choices.

1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken.

http://www.forexfactory.com/showpost...ostcount=15568
Indicators show the past. Price Action "Indicates" the future.
  • #24,780
  • Mar 25, 2009 9:40am Mar 25, 2009 9:40am
This is too much......
Bankers must be reading our dear thread.

As soon as dow hit solid resistance, they all sold yen crs and $ based crosses... (shakeout...)

At least we know when to take partial or total profit.
It will be interesting to see how the day progresses.
another push higher in fiber and cable and lower close or
run for 3750 ?
.
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