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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

  • #35,401
  • Jun 29, 2009 3:38am Jun 29, 2009 3:38am
anyone have thoughts on audjpy pin? pin looks ncie, however area is suss...
Grabbing the bull by the horns!
  • #35,402
  • Jun 29, 2009 3:47am Jun 29, 2009 3:47am
Quoting jarroo
Good discussion about this one PipG. (ghous, g_j_hook, and others)

That big BEOB cannot be ignored. We have heard of Inside 4 pevious Bar (I4B) or I10+B. Well this Bearish Outside Bar is O10+B ( I just made that up. lol) Although it is not at a swigh High, stopping at a strong confluenced area of the 87.00, 200 ema (blue) , PPZ level and Fib 61.8. Does the BEOB have the strength to break through this level against the trend?

I agree with ghous the MAs and trendlines by themselves don't...
hi Jarroo, i agree with you about the traffic and this is a no trade for me atm.but this will be very interesting to watch( for me) because of the situation price is in right now,and i will be watching how it plays out. one thing i want to add which i believe is significant!? and that is that the TL is already broken if drawn from a line chart so there could possibly be a follow through??
cheers
jon
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PATIENCE... DISCIPLINE
  • #35,403
  • Jun 29, 2009 3:52am Jun 29, 2009 3:52am
Quoting Alexandra
Hard to ignore the initial rejection of the sub 1.4 level in fiber. USDCHF is not as pretty a chart, however, and the last hour has been rather flat. EURUSD probably one to conservatively buy strength on PA confirmation.

PA.
i thought this and closed some of my short, but price seems to be inching its way down again??
jon
PATIENCE... DISCIPLINE
  • #35,404
  • Jun 29, 2009 5:11am Jun 29, 2009 5:11am
Line chart not show trend lines same than tick chart.

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  • #35,405
  • Jun 29, 2009 5:50am Jun 29, 2009 5:50am
Quoting g_j_hook@yah
i thought this and closed some of my short, but price seems to be inching its way down again??
jon

Given the multiple failed attempts to push through 1.4, we should be rewarded more substantially by this one soon. Stops, of course, warranted in the post intervention, summer environment.
  • #35,406
  • Jun 29, 2009 6:04am Jun 29, 2009 6:04am
AUDJPY triggering it seems. The intraday PB is nothing special, but it is supported by positive long term looks.
  • #35,407
  • Jun 29, 2009 6:04am Jun 29, 2009 6:04am
Quoting whitegoodman
anyone have thoughts on audjpy pin? pin looks ncie, however area is suss...
Whitegoodman,

Are you looking at the daily pin on 6/26? If yes, imo too much traffic, nose is short, not near ppz, short candle in comparison to previous one, pin is not at the tip or bottom of a significant swing, going agaisnt trend. However, there are some minor ppz and perhaps with the proper mm and short term profit onecould take a crack at it..even if it is not A+. It all depends on your individual style.

Hope this helps
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Unus pro omnibus, omnes pro uno
  • #35,408
  • Jun 29, 2009 6:27am Jun 29, 2009 6:27am
Can any one take a look at the CAD/jpy, its allmost similar to the gbpjpy, I guess this pair is forming head and shoulder.
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  • #35,409
  • Jun 29, 2009 6:58am Jun 29, 2009 6:58am
Since it is so quiet in here. thought i post some charts up.

Below is the GBPUSD 4hrs chart. Prices are near the 1.6600 level where they have bounced off 3 times already. Lets see if it will break this time.
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  • #35,410
  • Jun 29, 2009 7:16am Jun 29, 2009 7:16am
  •  LSs
  • | Joined Jan 2009 | Status: I switched to the smarter side | 84 Posts
Indeed it is quiet today (:

Sideway 4H PB in EurUsd, confluence with minor 1.4000 PPZ and 50.0 Fib. Managing it tight!
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  • #35,411
  • Jun 29, 2009 7:18am Jun 29, 2009 7:18am
Quoting Autumm
Since it is so quiet in here. thought i post some charts up.

Below is the GBPUSD 4hrs chart. Prices are near the 1.6600 level where they have bounced off 3 times already. Lets see if it will break this time.

Autumm,

For the sake of conversation... what is your plan? trade the breakout (10-20 pips above) or wait for a pullback? Maybe we can also look at the pb(s) on 6/24 (8 & 12gmt) and see a reversal... we will see..

Unus pro omnibus, omnes pro uno
  • #35,412
  • Jun 29, 2009 7:24am Jun 29, 2009 7:24am
Quoting moneda
Autumm,

For the sake of conversation... what is your plan? trade the breakout (10-20 pips above) or wait for a pullback? Maybe we can also look at the pb(s) on 6/24 (8 & 12gmt) and see a reversal... we will see..

wait for bearish PA around 1.66 or wait for it to breakthrough and come back down to retest 1.66 and provide bullish PA, the waiting game
Grabbing the bull by the horns!
  • #35,413
  • Jun 29, 2009 7:33am Jun 29, 2009 7:33am
Quoting whitegoodman
wait for bearish PA around 1.66 or wait for it to breakthrough and come back down to retest 1.66 and provide bullish PA, the waiting game

My view precisly....
Ghost Rider - WWTBMD?
  • #35,414
  • Jun 29, 2009 7:34am Jun 29, 2009 7:34am
Quoting Alexandra
Given the multiple failed attempts to push through 1.4, we should be rewarded more substantially by this one soon. Stops, of course, warranted in the post intervention, summer environment.
yeah its a bit choppy.after price failed to make a new high with the last swing up i am treating this pair as rangeing.
took a stop and reverse possition on the 4h pinb bar (small possition). i have tightened the stop but not taken any profits yet. target 1.4100.
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PATIENCE... DISCIPLINE
  • #35,415
  • Jun 29, 2009 7:52am Jun 29, 2009 7:52am
Quoting whitegoodman
I love how the global warming peoples argument is:

"every year has been getting warmer since..... 1998!!!" woh strong data history batman!

Global warming is a fact, so is global cooling
it depends on the part of this earth.
It is not a shame to do something against or for it.
because we spend money on wars we can spend money on our planet, GOV wast our tax money anyway so what is the problem how they squander it, and with some luck we get a few people at work again after the BIG 3 and 20.000 and counting are contaminating our live line.... AIR!
  • #35,416
  • Jun 29, 2009 8:06am Jun 29, 2009 8:06am
Quoting mea
GOV wast our tax money anyway so what is the problem how they squander it
Because it's MY money and they take enough already. Taking more just to put it to work increasing the control and size of Government is dangerous to freedom and liberty, not to mention their new legislation will have negative side effects and it can easily be argued that it will NOT clean up the environment whatsoever.
  • #35,417
  • Jun 29, 2009 8:14am Jun 29, 2009 8:14am
Quoting joebryce
Because it's MY money and they take enough already. Taking more just to put it to work increasing the control and size of Government is dangerous to freedom and liberty, not to mention their new legislation will have negative side effects and it can easily be argued that it will NOT clean up the environment whatsoever.

I do agree 100% with you, but to solve this one has not to typ about it, one has to go onto the streets and fire them or make them change what we do not like.
If you take attention to what is going on, you see that the amount of money they are wasting it make your head spinning.
they do not talk about millions, billions but now its trillions, this is scary..dude
  • #35,418
  • Jun 29, 2009 8:19am Jun 29, 2009 8:19am
Can we PLEASE take these off topic posts to the members lounge. I know how frustrating it is to have long-time members tell a newbie to read the whole thread, only to find out there are many pages that are way off topic.

There were dozens of pages earlier in the thread that talked about setting up the PF. Which was ok, but didn't have anything to do with me learning the material, nor price action with charts.

And now we've brought the weekend off topic stuff into the week. We're going to have to advise new people to the thread differently if the whole thread isn't going to talk about price action with chart examples... see name of thread and first post for details.

It is allowed to have a few hours between posts on this thread if there isn't relevant price action to discuss... the thread will not die, trust me.

Enough rant.

Josh
  • #35,419
  • Jun 29, 2009 8:24am Jun 29, 2009 8:24am
Quoting mea
I do agree 100% with you, but to solve this one has not to typ about it, one has to go onto the streets and fire them or make them change what we do not like.
If you take attention to what is going on, you see that the amount of money they are wasting it make your head spinning.
they do not talk about millions, billions but now its trillions, this is scary..dude
Taking to the streets will do nothing. Most of the people on the streets believe the nonsense. Educating and waking up the people is the only way I see to address the problem and words are the way to do that.
  • #35,420
  • Jun 29, 2009 9:03am Jun 29, 2009 9:03am
Hi ,
What do you think guys about this GBPUSD 4H PB which has just closed?...
I think it is in a good location...
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