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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

  • #27,501
  • Apr 20, 2009 2:04pm Apr 20, 2009 2:04pm
Quoting Schneeule
Hi,
anyone considering h4 pinbar on eurusd? 1.3 seems pretty possible.. Any opinions?

It may work & its @ a weekly 61 fib but on the 4hr with small size = low probability to me..

look @ the mxn weekly for a nice pin... see the difference..
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  • #27,502
  • Apr 20, 2009 2:12pm Apr 20, 2009 2:12pm
Quoting benem
Hallo probably we'll have a small pin bar on Usd/Chf off a PPZ.
what do you think about ????

I don't see any other convergency but the one told above....
In addition to the 1.17 round number we have the 61.8 fib too Benem.

For me the main worry is not the location, but it's rather the space factor, we have a reasonable swing high defined by three bar highs at 1.16 which lie only abt 20 to 30 pips away from a potential entry...

If I do consider this trade a move to BE as soon as possible IMO would be a vital aspect of managing this trade.

Regards,
Ghous.
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I believe . . .
  • #27,503
  • Apr 20, 2009 2:16pm Apr 20, 2009 2:16pm
Quoting benem
Hallo probably we'll have a small pin bar on Usd/Chf off a PPZ.
what do you think about ????

I don't see any other convergency but the one told above....
definitely a possibility - i was watching this in a 4hr channel as usdchf has been fond of those of late. I was hoping we would see a reaction on the 4hr at the top of the channel but i guess a daily pin will do
if you notice though the daily bars at the top of the channel twice previously - not too disimiliar really

so i reckon there is definitely a possibility but not A+
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  • #27,504
  • Apr 20, 2009 2:19pm Apr 20, 2009 2:19pm
Quoting benem
Hallo probably we'll have a small pin bar on Usd/Chf off a PPZ.
what do you think about ????

I don't see any other convergency but the one told above....
For me looks interesting, I can see some TL
and fibo 70
if next h4 closes below my ema8 I will be happy, but what with 1,600 level
I do not know if it worth taking

Peter
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Jesus Christ is my only Lord !
  • #27,505
  • Apr 20, 2009 2:26pm Apr 20, 2009 2:26pm
How do you guys set it to display periods of 2 days or 3 days? I saw one that was 8 hours as well. That is MT4 you are using right?
  • #27,506
  • Apr 20, 2009 2:59pm Apr 20, 2009 2:59pm
Quoting rustyjeff
38 day pin.....

I'm waiting for Jaroo's 38 day tf chart for confirmation..

I think the Open/Close is within the previous bar. lol.

Periodcon can't display a 5 Week candle (at least for me). If I could, you bet I'd show it. lol
Indicators show the past. Price Action "Indicates" the future.
  • #27,507
  • Apr 20, 2009 3:03pm Apr 20, 2009 3:03pm
i would like to see a more convincing pin @ this location.

my prefered spot would be 1.8 area..

IF... it did give a daily pin with the nose poking above 1.8 & came back to below 1.6. we would have a nice looking weekly pin too...
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  • #27,508
  • Apr 20, 2009 3:05pm Apr 20, 2009 3:05pm
Quoting jarroo
I think the Open/Close is within the previous bar. lol.

Peridcon can't display a 5 Week candle (at least for me). If I could, you bet I'd show it. lol

C'mon Jim... I want to see a chart..
  • #27,509
  • Apr 20, 2009 3:09pm Apr 20, 2009 3:09pm
Quoting rustyjeff
C'mon Jim... I want to see a chart..
I may have to cut and paste on this one. lol
Indicators show the past. Price Action "Indicates" the future.
  • #27,510
  • Apr 20, 2009 3:10pm Apr 20, 2009 3:10pm
Quoting rustyjeff
It may work & its @ a weekly 61 fib but on the 4hr with small size = low probability to me..

look @ the mxn weekly for a nice pin... see the difference..
Yes I am aware of that , but if you zoom out on daily chart, you will see that 1.2900 is very important for some reason.Well oc, I might be wrong, but it seems to me as a good choice to take this one and wait for a few bars if it proves some strenght. I already entered some @ 1.2905 and I would like to see 1.3000 or B/e at least.

Thanks for your help and opinions, I apreciate it.
  • #27,511
  • Apr 20, 2009 3:28pm Apr 20, 2009 3:28pm
Quoting hipcio
For me looks interesting, I can see some TL
and fibo 70
if next h4 closes below my ema8 I will be happy, but what with 1,600 level
I do not know if it worth taking

Peter
This is just a suggestion Hip, not a criticism.

I would get rid of all those wiggly lines. All we deal with is Price here. Once you get a better understanding of Price, you can add your favorite MA. imo

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #27,512
  • Apr 20, 2009 3:34pm Apr 20, 2009 3:34pm
Lots of BUOBs on EUR pairs today like EUR/AUD, EUR/CAD and EUR/GBP and also Gold. I guess they're all related to the sell off in equities today.

I like the EUR/GBP the most also because it's at a swing low + a triple bottom at 0.8793 I haven't seen these too often. Also bouncing off of EMA(150) green line. First area of resistance if it breaks 0.8917 might be not too far around 0.8975...

Any opinions?
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  • #27,513
  • Apr 20, 2009 3:38pm Apr 20, 2009 3:38pm
Quoting jarroo
This is just a suggestion Hip, not a criticism.

I would get rid of all those wiggly lines. All we deal with is Price here. Once you get a better understanding of Price, you can add your favorite MA. imo

Jim

Jim, I really love my lines

but if You suggest so I do

Peter
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Jesus Christ is my only Lord !
  • #27,514
  • Apr 20, 2009 3:46pm Apr 20, 2009 3:46pm
Quoting hipcio
Jim, I really love my lines

but if You suggest so I do

Peter
I use to love them too Hip. lol

If you have to many lines it can distract you and cause confusion on what Price is really showing you.
Indicators show the past. Price Action "Indicates" the future.
  • #27,515
  • Apr 20, 2009 3:48pm Apr 20, 2009 3:48pm
Quoting gorubin
Lots of BUOBs on EUR pairs today like EUR/AUD, EUR/CAD and EUR/GBP and also Gold. I guess they're all related to the sell off in equities today.

I like the EUR/GBP the most also because it's at a swing low + a triple bottom at 0.8793 I haven't seen these too often. Also bouncing off of EMA(150) green line. First area of resistance if it breaks 0.8917 might be not too far around 0.8975...

Any opinions?
Looks good gorubin.
Indicators show the past. Price Action "Indicates" the future.
  • #27,516
  • Apr 20, 2009 4:00pm Apr 20, 2009 4:00pm
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  • #27,517
  • Apr 20, 2009 4:00pm Apr 20, 2009 4:00pm
Quoting jarroo
I use to love them to Hip. lol

If you have to many lines it can distract you and cause confusion on what Price is really showing you.

Yes, and usually I watch two platforms one clear as You suggest and the other with lines, becuse I like the knife,
I know it is difficult amd confusing for me, but I try to get accostumed to knife.
For now I have 5 other trades (apart from swissy)opened on the knife base all are at least at BE
and average is about +280 pps for each - I really appreciate the knife because it allows me to trade once every 4 hr

I understand what You mean and I agree with You of course, that I should first better understand pure PA to eter better trades.
I will follow this advice.


Thank You
Peter
Jesus Christ is my only Lord !
  • #27,518
  • Apr 20, 2009 4:25pm Apr 20, 2009 4:25pm
Quoting hipcio
Jim, I really love my lines

but if You suggest so I do

Peter

Ne one on USD/CHF PIN i have a Sell pending at 1615 ...N e guidance will be appreciated?
  • #27,519
  • Apr 20, 2009 4:27pm Apr 20, 2009 4:27pm
Hey guys,

FXPro only goes back to September 2006 so did not have much to play with.

This is a 4Month Chart. Could you tell me which MT4 offers more history on the index?

Thanks

Donald
http://www.james16group.us/forums/im...448&type=thumb
(for recognition purposes )

P.S Not sure why the chart image is displayed with "stains"
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  • #27,520
  • Apr 20, 2009 4:29pm Apr 20, 2009 4:29pm
Quoting jarroo
I think the Open/Close is within the previous bar. lol.

Periodcon can't display a 5 Week candle (at least for me). If I could, you bet I'd show it. lol
Looks like a pin by proxy to me. But will do the job..

RM
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