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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

  • #25,001
  • Mar 27, 2009 12:02am Mar 27, 2009 12:02am
GbpJpy M15 hammer over 141.4 ... Sl 25 ticks anyone with me ?
  • #25,002
  • Mar 27, 2009 12:10am Mar 27, 2009 12:10am
Btw good morning, and thanks for nice thread.... I've been scouting around for a long time, this is the first post
  • #25,003
  • Mar 27, 2009 12:24am Mar 27, 2009 12:24am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
I am watching the breakout of AUDUSD IB, either direction, I might have very sizable move, I think.
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Click to Enlarge Name: if au down, we will have good chance to short_daily.mar.27.09.gif Size: 11 KB
  • #25,004
  • Mar 27, 2009 12:44am Mar 27, 2009 12:44am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting krue
I am watching the breakout of AUDUSD IB, either direction, I might have very sizable move, I think.
I've been watching the EUR, AUD, GBP/USD pairs also, they all have similar profiles at this time, the big question is which way, they keep changing there minds.
  • #25,005
  • Mar 27, 2009 1:18am Mar 27, 2009 1:18am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
Both AUDUSD and GBPUSD are bearish,while EURUSD seems bullish, in intermediate term, if I understand correctly.



Quoting MPP
I've been watching the EUR, AUD, GBP/USD pairs also, they all have similar profiles at this time, the big question is which way, they keep changing there minds.
  • #25,006
  • Mar 27, 2009 1:42am Mar 27, 2009 1:42am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
If I remember correctly, it seems outside bars could be either reversal or continuation play, am I right? I was looking at NZDUSD, in its D2 chart, we have a BUOVB, seems very classical, though a resistance sitting on top of its head, nonetheless, by its D1 chart, it seems a small retracement above a fib confluance, which I think it serves a reasonable support. in this case, will you give up this setup, or have better weight favor on either of the resistance or support, so we can see more clarity and go for it? thank you.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: is this buovb a continuation pattern_d2_mar.27.09.gif Size: 11 KB
Click to Enlarge Name: is this buovb a continuation pattern_d2_d1_mar.27.09.gif Size: 12 KB
  • #25,007
  • Mar 27, 2009 1:50am Mar 27, 2009 1:50am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting krue
Both AUDUSD and GBPUSD are bearish,while EURUSD seems bullish, in intermediate term, if I understand correctly.
to me it looks like one pairs makes a move, but the other two, start to follow and then think NO and pull the first one back in. I know this thread has no interest in news/rumours, but i think there is so much confused news out there that no one side has a clear view. i'm sure something will give soon, but which way, all 3 pairs are sitting in great locations to go either way, which may be the reason for the current range - no one knows.

But i'm sure PA will give us every opertunity to tae advantage in the end.
  • #25,008
  • Edited 2:06am Mar 27, 2009 1:54am | Edited 2:06am
Quoting krue
If I remember correctly, it seems outside bars could be either reversal or continuation play, am I right? I was looking at NZDUSD, in its D2 chart, we have a BUOVB, seems very classical, though a resistance sitting on top of its head, nonetheless, by its D1 chart, it seems a small retracement above a fib confluance, which I think it serves a reasonable support. in this case, will you give up this setup, or have better weight favor on either of the resistance or support, so we can see more clarity and go for it? thank you.
You want bullish outside at a swing low, bearish outside at swing high. These will signify a reversal. I'm not sure what exactly you are asking, I don't want to discourage you from what could be a profitable trade, but to me, I see nothing there. Bullish outside bar at swing high smacking into resistance isn't anything worth playing in my opinion. If that was a bearish outside bar, given that its at a swing high, and has room to run, that is a pretty nice trade in my opinion. Also, if that same bar had bounced from say, a very important PPZ, and some important fib area, then you really have a profitable trade. Anyway, someone can probably give you better insight, just didn't see anyone on the bottom so figure I throw in my 2 cents.

Oops, sorry, little tired, didn't get your question. I think some play them as continuations for breakout plays. For instance if they were seeking to play a breakout to the upside, they might go down to a lower time frame to look for a bullish outside, or a positive pin bar to go long. If theres another way they are played as continuation I'm not really sure.
  • #25,009
  • Mar 27, 2009 2:04am Mar 27, 2009 2:04am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
Hi, Jlr, noticed the first bar of this BUOVB? it was a Pinbar at swing high, if this didn't make the thing happen, then, I second guess there might be something in favor the long, I am just thinking if this BUOVB carries a mission as continuation pattern. not for sure if BUOVB could serve as contination, but, things are very interesting at this point in time.



Quoting Jlr
You want bullish outside at a swing low, bearish outside at swing high. These will signify a reversal. I'm not sure what exactly you are asking, I don't want to discourage you from what could be a profitable trade, but to me, I see nothing there. Bullish outside bar at swing high smacking into resistance isn't anything worth playing in my opinion. If that was a bearish outside bar, given that its at a swing high, and has room to run, that is a pretty nice trade in my opinion. Also, if that same bar had bounced from say, a very important PPZ, and...
  • #25,010
  • Mar 27, 2009 2:08am Mar 27, 2009 2:08am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
your description about the situation sounds funny.

yep, PA will give the edge, totally agreed

Quoting MPP
to me it looks like one pairs makes a move, but the other two, start to follow and then think NO and pull the first one back in. I know this thread has no interest in news/rumours, but i think there is so much confused news out there that no one side has a clear view. i'm sure something will give soon, but which way, all 3 pairs are sitting in great locations to go either way, which may be the reason for the current range - no one knows.

But i'm sure PA will give us every opertunity to tae advantage in the end.
  • #25,011
  • Mar 27, 2009 2:23am Mar 27, 2009 2:23am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
MPP, this probably gives you better view?


Quoting MPP
to me it looks like one pairs makes a move, but the other two, start to follow and then think NO and pull the first one back in. I know this thread has no interest in news/rumours, but i think there is so much confused news out there that no one side has a clear view. i'm sure something will give soon, but which way, all 3 pairs are sitting in great locations to go either way, which may be the reason for the current range - no one knows.

But i'm sure PA will give us every opertunity to tae advantage in the end.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_wkly_mar.27.09.gif Size: 10 KB
  • #25,012
  • Mar 27, 2009 2:32am Mar 27, 2009 2:32am
Quoting krue
Hi, Jlr, noticed the first bar of this BUOVB? it was a Pinbar at swing high, if this didn't make the thing happen, then, I second guess there might be something in favor the long, I am just thinking if this BUOVB carries a mission as continuation pattern. not for sure if BUOVB could serve as contination, but, things are very interesting at this point in time.
I see what your saying, a 2 day negative pin that broke south, but stalled on previous bar highs, then formed a 2 day bullish outside bar. Seems to be a very indecisive pair. I honestly wouldn't worry about it to much, its just a pair that really doesn't have any clear signal. If a clear signal does present itself, then it becomes truly interesting Remember, your not here to predict every single move on every pair. You wait for the best PA to present itself, PA that gives you a very clear signal to where price may go, and then you trade off that. It's very important to be extremely selective in your trades early on, otherwise you may quickly become discouraged, and you may even quit early.
  • #25,013
  • Mar 27, 2009 2:41am Mar 27, 2009 2:41am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
a setup is a setup, evaluation enriches experience, I'd like to see different views, and your note is registered. thank you for your comment.


Quoting Jlr
I see what your saying, a 2 day negative pin that broke south, but stalled on previous bar highs, then formed a 2 day bullish outside bar. Seems to be a very indecisive pair. I honestly wouldn't worry about it to much, its just a pair that really doesn't have any clear signal. If a clear signal does present itself, then it becomes truly interesting Remember, your not here to predict every single move on every pair. You wait for the best PA to present itself, PA that gives you a very clear signal to where price may go, and then you trade off that....
  • #25,014
  • Mar 27, 2009 2:44am Mar 27, 2009 2:44am
cable headed for 142 off hns pattern
no doubt it will stall at the 150 first
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 28 KB
  • #25,015
  • Mar 27, 2009 2:45am Mar 27, 2009 2:45am
A Mike's classical (breakout, retrace, pullback)
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Click to Enlarge Name: gbpusd.gif Size: 24 KB
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #25,016
  • Mar 27, 2009 2:48am Mar 27, 2009 2:48am
Dialy IB in GBP/JPY
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Click to Enlarge Name: gbpjpy.gif Size: 28 KB
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #25,017
  • Mar 27, 2009 2:52am Mar 27, 2009 2:52am
Quoting krue
a setup is a setup, evaluation enriches experience, I'd like to see different views, and your note is registered. thank you for your comment.
No no I agree there, just wanted to make sure you weren't getting overly excited and putting cash down
  • #25,018
  • Mar 27, 2009 2:54am Mar 27, 2009 2:54am
Quoting ikki
A Mike's classical (breakout, retrace, pullback)
it's good when you get several confirmations of where price is going - the HnS inside the larger rectangle 145-148.
  • #25,019
  • Mar 27, 2009 2:59am Mar 27, 2009 2:59am
Indeed, the confluence ema 150.

Quoting simoncs
it's good when you get several confirmations of where price is going - the HnS inside the larger rectangle 145-148.
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #25,020
  • Edited 3:16am Mar 27, 2009 3:04am | Edited 3:16am
Quoting ikki
Dialy IB in GBP/JPY
Glad you posted, I like your TP a lot better then mine thx and go us

Victory! nice
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