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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

  • #42,121
  • Aug 26, 2009 6:27am Aug 26, 2009 6:27am
Quoting nasir.khan
Hello every one,

GU is breaking its PPZ, 365 EMA (4H) and Trend line.

GJ is breaking its PPZ, 89 SMA (Daily), Breaking IB (4H+Daily) and tested Trend Line several times and broke it.But its also sitting at 61.8% retracment level.
Looks good, but beware of the bigass PPZs below

Attached Image (click to enlarge)
Click to Enlarge Name: 20090826-gbpjpy-d1.gif Size: 24 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 20090826-gbpusd-d1.gif Size: 39 KB


*edit*
Wow. Only just figured out that Metatrader cuts off like half the chart when you use the 'Save 800*600' option. Jerk.
When you have to shoot, shoot. Dont talk.
  • #42,122
  • Aug 26, 2009 6:28am Aug 26, 2009 6:28am
Geeze Joel - I am glad I was sleeping for this one...

Quoting joelcf
Ima draw a picture. It isnt a Monet; it is more like a crayon drawing. But...

The S&P is at a precarious place at the moment - the rally, fuelled largely on speculation and hope, has petered out. Is it overbought? Is there more bad news? No one is certain - even Ben is 'cautiously optimistic'. The broad sentiment is that recovery has begun, and the worst is over... but the majority of the rally was simply a correction of the massive overselling. So you have a healthy dose of fear and doubt, but mixed in with enough optimism and positive data...
I'm pretty much done with all this ...
  • #42,123
  • Aug 26, 2009 6:30am Aug 26, 2009 6:30am
Quoting StoragePro
Geeze Joel - I am glad I was sleeping for this one...
Even if you werent asleep, you would have been by the end of that post
When you have to shoot, shoot. Dont talk.
  • #42,124
  • Aug 26, 2009 6:32am Aug 26, 2009 6:32am
Yeah, we are seing some very bearish moves on the Yens. If the daily evening doji star formation on EJ is about to play out, we should see 134 break and resume into a short term downtrend towards 132 and below. Keeping my stops above 135 for now.

In GJ we are seing the 300 pips range break to the downside as GBPUSD crumbles. Standard price pattern projection then points 300 pips lower to just above 150.00. Perhaps between 150-151 where there is a daily rising trendline? So far my large 5 min pin bar entry from yesterday is looking mighty fine. SL around 153.50 or so. +150 locked.

Let's see how much momentum this thing has... good luck all!
Always wait for the opportune moment… just be careful not to miss it.
  • #42,125
  • Aug 26, 2009 6:33am Aug 26, 2009 6:33am
Quote
Hello every one,
GU is breaking its PPZ......

nasir.khan,
yes, we may finally have breakouts out of the long-term ranges.
it must be brought about by the upcoming "-ber" months: September.
USD Index is going north.

GU looks shaky.

Let's watch & see.
  • #42,126
  • Aug 26, 2009 6:41am Aug 26, 2009 6:41am
Quoting joelcf
Looks good, but beware of the bigass PPZs below


*edit*
Wow. Only just figured out that Metatrader cuts off like half the chart when you use the 'Save 800*600' option. Jerk.
Hey Boss - right click in the chart -> save as picture -> active chart (as is)

and then attach the art to your post in the usual manner.
I'm pretty much done with all this ...
  • #42,127
  • Aug 26, 2009 6:41am Aug 26, 2009 6:41am
Quoting joelcf
Even if you werent asleep, you would have been by the end of that post
Funny thing about that post - I could not tell if you were serious of full of it! LOL. I guess you put FUN in Fundies!
I'm pretty much done with all this ...
  • #42,128
  • Aug 26, 2009 6:50am Aug 26, 2009 6:50am
Quote
Looks good, but beware of the bigass PPZs below


*edit*
Wow. Only just figured out that Metatrader cuts off like half the chart when you use the 'Save 800*600' option. Jerk.

Thanks.

No if you close/open or resize the tool bars on left that could do that.

And whose the jerk btw me or MT4?

Quote
nasir.khan,
yes, we may finally have breakouts out of the long-term ranges.
it must be brought about by the upcoming "-ber" months: September.
USD Index is going north.

GU looks shaky.

Let's watch & see.

Hope so.

OK here's another.

But there is some problem down under.
Attached Image (click to enlarge)
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  • #42,129
  • Aug 26, 2009 6:56am Aug 26, 2009 6:56am
Quoting nasir.khan
Thanks.

No if you close/open or resize the tool bars on left that could do that.

And whose the jerk btw me or MT4?
MT4

or possibly me, for not looking closely at the charts it has been outputting for the last two years or so...

Quoting StoragePro
Funny thing about that post - I could not tell if you were serious of full of it! LOL. I guess you put FUN in Fundies!
Stuck at a conference all day, so completely serious but also slightly delirious.

AUDJPY has been firmly rejected on the 1H. Might set a sell order and wake up to check the close of the 4H. Or might just get some sleep.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: 20090826-audjpy-h4b.gif Size: 40 KB
When you have to shoot, shoot. Dont talk.
  • #42,130
  • Aug 26, 2009 7:10am Aug 26, 2009 7:10am
Quoting joelcf
MT4

or possibly me, for not looking closely at the charts it has been outputting for the last two years or so...



Stuck at a conference all day, so completely serious but also slightly delirious.

AUDJPY has been firmly rejected on the 1H. Might set a sell order and wake up to check the close of the 4H. Or might just get some sleep.

Check out the GBPAUD today. BUOB at an extreme with divergence at the 1.9500. Hourly and 4 Hour.

Tastes like Chicken.

AUDJPY - Not sure I want to trade against Rac on this one... I am very short on this pair.
I'm pretty much done with all this ...
  • #42,131
  • Edited 8:01am Aug 26, 2009 7:18am | Edited 8:01am
Quoting StoragePro
Check out the GBPAUD today. BUOB at an extreme with divergence at the 1.9500. Hourly and 4 Hour.

Tastes like Chicken.

AUDJPY - Not sure I want to trade against Rac on this one... I am very short on this pair.
Who are you with? None of my brokers have that cross. Even my australian one

Looking to get short on AUDJPY too, so hopefully I have rac-confluence

*edit* I lie, IB had it, but with a terrible spread.
When you have to shoot, shoot. Dont talk.
  • #42,132
  • Aug 26, 2009 7:24am Aug 26, 2009 7:24am
Quoting joelcf
Who are you with? None of my brokers have that cross. Even my australian one

Looking to get short on AUDJPY too, so hopefully I have rac-confluence
MB Trading.

Ah - that notice of the PB made me think you was looking long. Never mind.

I need a shower. And brush my teeth. Should go to the office soon. >yawn<
I'm pretty much done with all this ...
  • #42,133
  • Aug 26, 2009 7:26am Aug 26, 2009 7:26am
Maybe something is setting up on USDCAD. Retesting broken TL, PPZ and 50% fib level. Just need a nice 4H PB now to warrant a short...
Attached Image (click to enlarge)
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Always wait for the opportune moment… just be careful not to miss it.
  • #42,134
  • Aug 26, 2009 7:45am Aug 26, 2009 7:45am
Quoting fxvision
Maybe something is setting up on USDCAD. Retesting broken TL, PPZ and 50% fib level. Just need a nice 4H PB now to warrant a short...
Like this one? (Close at 8AM EST)

(note - the close of the PB is not within the previous bar...)

Pro's - Off a PPZ and round number (1.9000) Off the 150 EMA. Bar is a slightly larger that previous action, but not glaringly so.


...
Attached Image (click to enlarge)
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I'm pretty much done with all this ...
  • #42,135
  • Aug 26, 2009 7:50am Aug 26, 2009 7:50am
Quoting joelcf
Who are you with? None of my brokers have that cross. Even my australian one

Looking to get short on AUDJPY too, so hopefully I have rac-confluence
Hi Joel,

I see AudJpy being somewhat in a no-man's land. Price is now at 7800 round number support. It also appears to be winding up.

There's also a bit of traffic to the left. It could very well go down hard, but I'm kinda leery about it.
Attached Image (click to enlarge)
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  • #42,136
  • Edited 8:24am Aug 26, 2009 8:01am | Edited 8:24am
Quoting ijay
Hi Joel,

I see AudJpy being somewhat in a no-man's land. Price is now at 7800 round number support. It also appears to be winding up.

There's also a bit of traffic to the left. It could very well go down hard, but I'm kinda leery about it.
yeah, not in love with it. only wanted to try and squeeze in 40 or so pips down to 77.60, then possibly hit the big PPZ around 7700. Below that, there is a PPZ around 74.50, then 71.00. One to get to b/e and give room to run, if it cooperates...

Its been pretty strongly rejected three times now from where I expected, so you are probably right.. time to give up on it, seems like i am trying to be an alchemist and turn air into pips... and only on person here that I know of can do that
When you have to shoot, shoot. Dont talk.
  • #42,137
  • Aug 26, 2009 9:22am Aug 26, 2009 9:22am
Quoting ijay
Hi Joel,

I see AudJpy being somewhat in a no-man's land. Price is now at 7800 round number support. It also appears to be winding up.

There's also a bit of traffic to the left. It could very well go down hard, but I'm kinda leery about it.
Here's what I have...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY 082609_4hr.GIF Size: 50 KB
  • #42,138
  • Aug 26, 2009 9:36am Aug 26, 2009 9:36am
Quoting StoragePro
AUDJPY - Not sure I want to trade against Rac on this one... I am very short on this pair.
no, no.. I saw aj hit rac's favorite yesterday, but picked ej and gj instead.

I'm now wondering about fiber. I saw some 'well known' news casters on the first page of FF proclaiming EU to shoot higher, but I saw that PB with divergence and thought 'no way, they must be wrong'....
.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 32 KB
  • #42,139
  • Aug 26, 2009 9:40am Aug 26, 2009 9:40am
Jduester,
i like the emphasis on the right triangles -- the edges of which posed as an area for price bounce off of.
  • #42,140
  • Aug 26, 2009 9:42am Aug 26, 2009 9:42am
Quoting raczekfx
no, no.. I saw aj hit rac's favorite yesterday, but picked ej and gj instead.

I'm now wondering about fiber. I saw some 'well known' news casters on the first page of FF proclaiming EU to shoot higher, but I saw that PB with divergence and thought 'no way, they must be wrong'....
.
EU presented a 4HR BEOB this morning.

Everybody wants it higher, but the news from the US is stronger than from Europe on the economic front. I don't think anyone would benefit from a higher Euro these days. The crowd is a great contra-indicator to go along with PA...

babble mode: off
I'm pretty much done with all this ...
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