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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

  • #31,981
  • Jun 3, 2009 4:11am Jun 3, 2009 4:11am
Hi Bakko85,

Pin bar on EurJpy has very little room to run. It is in some strong traffic. I would wait for it to clear the traffic and play a pull back.

MM

Quoting bakko85
Mmm... I can see a BEOB developing on 4h UsdCad; maybe time for the bear to take a pause? I think that a strong close above 1.0850 will confirm Monday's bullish pin. There is also a nice divergence on the MACD on the 4h TF. What do you think?

I'm also watching EurJpy on the 4h TF, a nice pin is forming (looking at the daily it comes at a double top with big divergence..)
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The greatest achievements are those that benefit others....
  • #31,982
  • Jun 3, 2009 4:25am Jun 3, 2009 4:25am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
heads up BIG - BEOB on EU GU AU, on 4h only 30 mins left to close of bars so will post charts then
  • #31,983
  • Jun 3, 2009 4:28am Jun 3, 2009 4:28am
Quoting bakko85
Mmm... I can see a BEOB developing on 4h UsdCad; maybe time for the bear to take a pause? I think that a strong close above 1.0850 will confirm Monday's bullish pin. There is also a nice divergence on the MACD on the 4h TF. What do you think?

I'm also watching EurJpy on the 4h TF, a nice pin is forming (looking at the daily it comes at a double top with big divergence..)
Nice Eye Bakko,

the key to both these setups was the location. Usd/Cad was just awesome!

(I'm long Usd/Cad as a touch entry from 1.08)
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I believe . . .
  • #31,984
  • Jun 3, 2009 4:36am Jun 3, 2009 4:36am
Watching dis closely. Unfortunately i have dedicated my life to Gj. wish i could join you guys analysing ur charts. lol
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  • #31,985
  • Jun 3, 2009 4:57am Jun 3, 2009 4:57am
Quoting R Richards
Wow you guys must really be youngsters. Smart, but young. Young to me is 40 years on back.
I am not that young..and not so smart too...
a lot of young n talented ppl here...

Sonic
  • #31,986
  • Jun 3, 2009 5:01am Jun 3, 2009 5:01am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting ephisi
Watching dis closely. Unfortunately i have dedicated my life to Gj. wish i could join you guys analysing ur charts. lol
Hanging man, followed by PB (if it closes low) should see a nice fall.

he's the BEOB on my 4h charts

AU, EU, GU

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  • #31,987
  • Jun 3, 2009 5:20am Jun 3, 2009 5:20am
nice


Quoting MPP
Hanging man, followed by PB (if it closes low) should see a nice fall.

he's the BEOB on my 4h charts

AU, EU, GU

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  • #31,988
  • Jun 3, 2009 5:53am Jun 3, 2009 5:53am
On my feed EurJpy closed as a 4h BEOB, which engulfes the previous 4 bar...
UsdCad closed at 1.0875 and now is re-testing 1.0850..
  • #31,989
  • Jun 3, 2009 6:01am Jun 3, 2009 6:01am
Quote
heads up BIG - BEOB on EU GU AU, on 4h only 30 mins left to close of bars so will post charts then

MPP,
U beat me on posting about eur$.

right now eur$ H1 PB is having a battle with the BIG H4 BEOB.
  • #31,990
  • Jun 3, 2009 6:11am Jun 3, 2009 6:11am
I have been waiting on this pair to give me a good long signal. Is today the day?
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  • #31,991
  • Jun 3, 2009 6:24am Jun 3, 2009 6:24am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting KissFan
I have been waiting on this pair to give me a good long signal. Is today the day?
i've been watching this pair for over a month, been on the top of my hitlist - BUOB on the 4h, will the day confirm the long?

still watching and waiting.
  • #31,992
  • Jun 3, 2009 6:26am Jun 3, 2009 6:26am
Quoting KissFan
I have been waiting on this pair to give me a good long signal. Is today the day?
I agree with you, moreover 1.74 is also a nice level to watch.
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  • #31,993
  • Edited 7:19am Jun 3, 2009 6:28am | Edited 7:19am
Quote
Is today the day?
KissFan,
today is the day. & i am not answering that specific question.



EDIT:
bummer, i erased 2x my addition for this post. I'll make a new post below.
  • #31,994
  • Jun 3, 2009 6:31am Jun 3, 2009 6:31am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting supremeChaos
MPP,
U beat me on posting about eur$.

right now eur$ H1 PB is having a battle with the BIG H4 BEOB.
normally i would say the 4h leads the 1h, but the 1h has the trend in it's favour - but the trend should see a retracment so will the 4h play through??

So do we play both sides? a break of the BEOB would nullify the PB!

whats on the higher TF -ooh look were right at the 50% fib of the weekly drop, another test maybe another drop from here

I favour the short side, moving the stop to BE quickly we should see 1.40 and this may confirm a PB on the Weekly - then what?
  • #31,995
  • Jun 3, 2009 6:40am Jun 3, 2009 6:40am
Retrace+ Fib confluence 50,
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  • #31,996
  • Jun 3, 2009 6:44am Jun 3, 2009 6:44am
MPP,
we could play both. well, it depends on the trader, really, as we know.

i failed to play the minor H1 PB. PB stopped at an xpected resistance/PPZ, that's good for 10-30-ish pips.
I played the retrace of H4 BEOB. my stop was +29 (note: not S/R based), just got stopped out. I'll re-enter if another opportunity presents itself.

This could be a retracement of the upmove leg that started around April 21. this "rest" would be beneficial for the uptrend to continue. 1.39 -1.41 or lower?
  • #31,997
  • Jun 3, 2009 6:57am Jun 3, 2009 6:57am
like the location, has plenty of space, divergence the shape is way too small
i would like to see a buob on the daily to confirm long
lets see how she closes, just my 2cents
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  • #31,998
  • Jun 3, 2009 6:57am Jun 3, 2009 6:57am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting supremeChaos
MPP,
we could play both. well, it depends on the trader, really, as we know.

i failed to play the minor H1 PB. PB stopped at an xpected resistance/PPZ, that's good for 10-30-ish pips.
I played the retrace of H4 BEOB. my stop was +29 (note: not S/R based), just got stopped out. I'll re-enter if another opportunity presents itself.

This could be a retracement of the upmove leg that started around April 21. this "rest" would be beneficial for the uptrend to continue. 1.39 -1.41 or lower

AU & GU both broke short by 30 pips, so i expect EU to follow, more like the past when EU used to follow up after GU - will it this time?

the only issue i have is that GU run into support @ 1.6500

so set a sell order and move to BE quickly is the order for the day i think!
  • #31,999
  • Jun 3, 2009 7:13am Jun 3, 2009 7:13am
gbpjpy also looking interesting, i also see a nice bearish pin on the 8hr fxdd feed, sorry will try n edit to post other chart....
will be watching dis to see how she closes
good location of 159 ppz round no, due for retracement imo, nice space and plenty of room to drop to 154 area
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Simplicity is the key to success
  • #32,000
  • Jun 3, 2009 7:19am Jun 3, 2009 7:19am
Quoting squeezy
like the location, has plenty of space, divergence the shape is way too small
i would like to see a buob on the daily to confirm long
lets see how she closes, just my 2cents
All good points Squeezy. I agree completely. We have all day to see how it closes. All of the other factors for me to take a trade have come together here. The only thing that I am waiting for is good PA for me to set up a trade. Of course, the PA is THE most important factor. I'll have to admit, with the AUDNZD long executing yesterday I am hoping for a good month after May. I had just 5 trades total last month for small gains. I am probably going to post more this month so I can at least feel like I am doing "something". LOL!!!

K.I.S.S.
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