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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

  • #28,881
  • Apr 30, 2009 5:42pm Apr 30, 2009 5:42pm
Quoting ForexRookie
Hi Guys, I've been following the thread for a while and practicing the pin-bar setups on demo. I've got a question (see attachment).

FR
Not until it breaks.
Indicators show the past. Price Action "Indicates" the future.
  • #28,882
  • Apr 30, 2009 5:52pm Apr 30, 2009 5:52pm
Quoting ForexRookie
Hi Guys, I've been following the thread for a while and practicing the pin-bar setups on demo. I've got a question (see attachment).

FR
Yep, has the look of a pinbar about it. Nice short from earlier I see you have there

EDIT - As Jim said above me, hope that trade was not based on the bar which has not broken downwards yet.
  • #28,883
  • Apr 30, 2009 5:53pm Apr 30, 2009 5:53pm
Aud/Usd Pin Bar is looking good. A PB is not a PB until breaks, but we call the Pin Bars actually they are potential PBs until they break. Sorry can't post charts now.
Indicators show the past. Price Action "Indicates" the future.
  • #28,884
  • Apr 30, 2009 6:08pm Apr 30, 2009 6:08pm
Hehe, lots of talk about the AUDUSD.

I like the look of it, Good location in terms of PPZ.

(I can't post charts now either because I am on my laptop and useless mobile broadband)

But the plan for Jigsaw looks like . . .

Just under 1% risk.
Entry @ 0.7216
SL @ 0.7327

Expecting trouble / Move stop to BE @ 0.7150

Ultimate TP on full size @ 0.7105
  • #28,885
  • Apr 30, 2009 6:13pm Apr 30, 2009 6:13pm
Quoting Jigsaw
Hehe, lots of talk about the AUDUSD.

I like the look of it, Good location in terms of PPZ.

(I can't post charts now either because I am on my laptop and useless mobile broadband)

But the plan for Jigsaw looks like . . .

Just under 1% risk.
Entry @ 0.7216
SL @ 0.7327

Expecting trouble / Move stop to BE @ 0.7150

Ultimate TP on full size @ 0.7105
Nice Jig.

Getting passed those Highs around .7230 and we should be looking good.
Indicators show the past. Price Action "Indicates" the future.
  • #28,886
  • Apr 30, 2009 6:16pm Apr 30, 2009 6:16pm
Yep, looks nice. I like because has some divergence too
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 19 KB
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #28,887
  • Apr 30, 2009 6:18pm Apr 30, 2009 6:18pm
Quoting ikki
Yep, looks nice. I like because has some divergence too
Very nice ikki. This is what we look for. Any other confluences on this one?
Indicators show the past. Price Action "Indicates" the future.
  • #28,888
  • Apr 30, 2009 6:25pm Apr 30, 2009 6:25pm
Quoting jarroo
Very nice ikki. This is what we look for. Any other confluences on this one?
Yeah mate. This looks like a possibility to me.

.
Attached Image (click to enlarge)
Click to Enlarge Name: au short maybe.gif Size: 14 KB
Bundy's status today: "Waiting..."
  • #28,889
  • Apr 30, 2009 6:27pm Apr 30, 2009 6:27pm
Hi!
Am I allowed to post charts not related to Forex (YM), but with some correlation? ( I've seen some gold and silver charts arround here ... )
Wouldn't this be a nice PB?
Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: ym.gif Size: 890 KB
Trading: the skill of avoiding trades
  • #28,890
  • Apr 30, 2009 6:30pm Apr 30, 2009 6:30pm
Quoting jarroo
Very nice ikki. This is what we look for. Any other confluences on this one?
I can't see anymore confluences anyway, apart from that divergence.

The above chart posted by bundy looks like a real possibility.

EDIT - Saw bundys chart with the .50 fib just there now, Although truth be told I didn't have a fib there.

EDIT EDIT -

All charts are welcome in this thread . I don't trade the Dow much apart from demo when I have the time but it looks good in terms of PB and location.
  • #28,891
  • Apr 30, 2009 6:33pm Apr 30, 2009 6:33pm
Quoting jarroo
Very nice ikki. This is what we look for. Any other confluences on this one?
And also Monthly view showing that %50 fib...

.
Attached Image (click to enlarge)
Click to Enlarge Name: au short maybe _ monthly.gif Size: 18 KB
Bundy's status today: "Waiting..."
  • #28,892
  • Apr 30, 2009 6:35pm Apr 30, 2009 6:35pm
Quoting bundyraider
Yeah mate. This looks like a possibility to me.

.
Yeah great 1st target. Maybe it forgot to kiss the .7000 goodbye before it left.
Indicators show the past. Price Action "Indicates" the future.
  • #28,893
  • Apr 30, 2009 6:37pm Apr 30, 2009 6:37pm
will the euro bank holiday tomorrow, fri 5/1, bode well for the eur/usd bepb?
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 24 KB
  • #28,894
  • Apr 30, 2009 6:38pm Apr 30, 2009 6:38pm
Quoting bundyraider
And also Monthly view showing that %50 fib...

.
Not seeing that on the Monthly but I do on the Weekly.
Indicators show the past. Price Action "Indicates" the future.
  • #28,895
  • Apr 30, 2009 6:40pm Apr 30, 2009 6:40pm
Quoting jarroo
Not seeing that on the Monthly but I do on the Weekly.
Yep just saw it on the weekly myself, I was looking at the monthly in confusion for a minute [It's just straight down ]
  • #28,896
  • Apr 30, 2009 6:40pm Apr 30, 2009 6:40pm
I note of caution on AUDUSD. Yes, a nice daily look; however the weekly causes me concern. A valid entry below todays bar would be reassuring. I would expect another assault on that weekly resistance, however, given the stakes and the implications of a commodity currency on economic recovery. I am not an anxious seller above the 7270 without an obvious reaction downward. I will, however, be looking hard at the EURAUD chart tonight I expect.
  • #28,897
  • Apr 30, 2009 6:43pm Apr 30, 2009 6:43pm
Quoting jarroo
Yeah great 1st target. Maybe it forgot to kiss the .7000 goodbye before it left.
Not yet a convincing break of this 'W' pattern, but working on persuading. Not far off.

More possible long term targets....

.
Attached Image (click to enlarge)
Click to Enlarge Name: au short maybe _ weekly poss targets.gif Size: 20 KB
Bundy's status today: "Waiting..."
  • #28,898
  • Apr 30, 2009 6:48pm Apr 30, 2009 6:48pm
Quoting bundyraider
Yeah mate. This looks like a possibility to me.

.
I got a flood of emails today about this one. I just sent out about the same chart

I see it the same bundy
  • #28,899
  • Apr 30, 2009 6:52pm Apr 30, 2009 6:52pm
Quoting bundyraider
Not yet a convincing break of this 'W' pattern, but working on persuading. Not far off.

More possible long term targets....

.
Nice I like how those targets correspond to the weeks in Aus and Sept 2008.

http://i39.tinypic.com/mcvluh.jpg
Indicators show the past. Price Action "Indicates" the future.
  • #28,900
  • Apr 30, 2009 7:00pm Apr 30, 2009 7:00pm
Same.

I've been looking at them for the past two months. lol

Edit: When we ge up there, that's where I'll start moving funds back to USD base.

Quoting jarroo
Nice I like how those targets correspond to the weeks in Aus and Sept 2008.
Bundy's status today: "Waiting..."
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