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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

  • #46,201
  • Oct 16, 2009 4:48pm Oct 16, 2009 4:48pm
Quoting o990l6mh
If there's so much boxing, then the 1.49-1.53 zone must be the knock-out zone huh
If there'll be strong PA indicating a bullish move, I'll definitely try to catch that money express until 1.53
  • #46,202
  • Oct 16, 2009 5:42pm Oct 16, 2009 5:42pm
does anyone here use multipletime frame moving averages on their charts? as in displaying weekly or monthy 365 and 150ema on daily or 4 hour charts. i have been playing around with it and seems like it could be another tool for confluence. whats your views? or is it going overboard?
  • #46,203
  • Oct 16, 2009 5:57pm Oct 16, 2009 5:57pm
for the upcoming week
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  • #46,204
  • Oct 16, 2009 7:01pm Oct 16, 2009 7:01pm
Quoting ezz
for the upcoming week
I just spotted this one too... Right at a PPZ with almost 200 pips of space to move up... only thing I'm weary about is the strong downward trend. Comments?

By the way, to Mike, I haven't posted lately but I continue to trade! I am proud to say that I have reached a point of equilibrium, lol! I loss trades and then recover them! I know if I start being more patient/picky with my trades i'll start profiting more.
  • #46,205
  • Oct 16, 2009 8:52pm Oct 16, 2009 8:52pm
Quoting supermatt
does anyone here use multipletime frame moving averages on their charts?........
I use something like this to get one tf ma to show up on all (smaller) tf's:
http://www.forexfactory.com/showthread.php?t=37965
May all your fits be loose.
  • #46,206
  • Oct 16, 2009 9:07pm Oct 16, 2009 9:07pm
yeah i have an indicator for it but i was just wondering if anyone finds plotting upper tf moving averages into the time frame they trade on usefull? or if it just gets abit to much and to just stick to looking at the ma's on the timeframe u trade on?

do u find them usefull?

plenty of times i see it may be a good tool as the 365 and 150 weekly reacts with price on the daily and could give u more areas of confluence and also remind u without having to flip back to different timeframes.?

thanks
  • #46,207
  • Oct 17, 2009 12:53am Oct 17, 2009 12:53am
Quoting ezz
for the upcoming week
Technically I dont think is is a PB on the weekly, it's not within the previous bar?

Having said that I went long on this (with a view to managing it carefully) because of the downtrend. I based this on the daily OB yesterday. Took some profit at 1.0350, then more at 1.0395 & moved stop to break even.
  • #46,208
  • Oct 17, 2009 4:48am Oct 17, 2009 4:48am
Two charts to reflect on during this weekend!
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  • #46,209
  • Oct 17, 2009 5:12am Oct 17, 2009 5:12am
Quoting user37
If there'll be strong PA indicating a bullish move, I'll definitely try to catch that money express until 1.53
Hi all,

This is my first post and so would like to congratulate you all on such a fantastic thread.

Well being relatively new to forex and this trading method (which i have yet to read the thread on) would like to ask your opinion on the attached eur us trade i took in which i am trying to take advantage of the afore mentioned 149 to 153 range.

I entered based upon the pin highlighted and going with the trend.
Your advice and comments are appreciated.
I realise that this may not be as per this method but i am here to learn.
Thanks
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PASR student.
  • #46,210
  • Edited 2:23pm Oct 17, 2009 5:32am | Edited 2:23pm
am I somewhere?
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  • #46,211
  • Oct 17, 2009 5:52am Oct 17, 2009 5:52am
Quoting bakko85
Two charts to reflect on during this weekend!
Nice charts

I agree that the USDCAD is at a fantastic PPZ area. I am long on this pair from the break of the (small) BUOB. The weekly and daily PA is not great in my opinion but the area makes it worth a trade with usual money management in my opinion.
  • #46,212
  • Oct 17, 2009 9:15am Oct 17, 2009 9:15am
hi guys, heres something i will watching next week
not the best locations and i would have liked to see more confluence ....
jon
p.s. ignore the trades they are on demo only
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PATIENCE... DISCIPLINE
  • #46,213
  • Oct 17, 2009 9:23am Oct 17, 2009 9:23am
any views about next week?
Euro Trader
  • #46,214
  • Oct 17, 2009 9:25am Oct 17, 2009 9:25am
Quoting kiwipom
Hi all,

This is my first post and so would like to congratulate you all on such a fantastic thread.

Well being relatively new to forex and this trading method (which i have yet to read the thread on) would like to ask your opinion on the attached eur us trade i took in which i am trying to take advantage of the afore mentioned 149 to 153 range.

I entered based upon the pin highlighted and going with the trend.
Your advice and comments are appreciated.
I realise that this may not be as per this method but i am here to learn.
Thanks
That's not a valid trade. You want to be taking these at swing lows at a PPZ prefereably with more confluence.
  • #46,215
  • Oct 17, 2009 10:18am Oct 17, 2009 10:18am
Quoting kiwipom
Hi all,

This is my first post and so would like to congratulate you all on such a fantastic thread.

Well being relatively new to forex and this trading method (which i have yet to read the thread on) would like to ask your opinion on the attached eur us trade i took in which i am trying to take advantage of the afore mentioned 149 to 153 range.

I entered based upon the pin highlighted and going with the trend.
Your advice and comments are appreciated.
I realise that this may not be as per this method but i am here to learn.
Thanks
hi mate,welcome to the thread,. just to elaborate on the previous post what you have there is a hanging man in candlestick talk or a ghous inside PB! understanding the difference is vital as it is an exhaustion bar showing a possible retrace/change of trend from the current upward momentum. i.e...not the best place to go long!! the shape of the bar is good but we want to see that bar at swing lows.Then if there is any confluence,PPzs round numbers ,divergence and the location is good......
hope the charts help
jon
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PATIENCE... DISCIPLINE
  • #46,216
  • Oct 17, 2009 10:30am Oct 17, 2009 10:30am
Quoting raczekfx
Check my RTL thread... and you will see...

Yes.
Anybody know which thread Rac is referring to?
  • #46,217
  • Oct 17, 2009 10:48am Oct 17, 2009 10:48am
Quoting kiwipom
Hi all,

This is my first post and so would like to congratulate you all on such a fantastic thread.

Well being relatively new to forex and this trading method (which i have yet to read the thread on) would like to ask your opinion on the attached eur us trade i took in which i am trying to take advantage of the afore mentioned 149 to 153 range.

I entered based upon the pin highlighted and going with the trend.
Your advice and comments are appreciated.
I realise that this may not be as per this method but i am here to learn.
Thanks
Welcome. That's not a pin though... a pin must have a tail sticking significantly down past the previous bars lows.
May all your fits be loose.
  • #46,218
  • Oct 17, 2009 1:11pm Oct 17, 2009 1:11pm
Quoting g_j_hook@yah
hi guys, heres something i will watching next week
not the best locations and i would have liked to see more confluence ....
jon
p.s. ignore the trades they are on demo only
you are doing great man
  • #46,219
  • Oct 17, 2009 1:13pm Oct 17, 2009 1:13pm
Quoting kiwipom
Hi all,

This is my first post and so would like to congratulate you all on such a fantastic thread.

Well being relatively new to forex and this trading method (which i have yet to read the thread on) would like to ask your opinion on the attached eur us trade i took in which i am trying to take advantage of the afore mentioned 149 to 153 range.

I entered based upon the pin highlighted and going with the trend.
Your advice and comments are appreciated.
I realise that this may not be as per this method but i am here to learn.
Thanks
Hey Kiwi

Just wanted to say welcome, you already got the answers I would give so I will just add some links on pinbars to help supplement those answers

http://www.forexfactory.com/showpost...ostcount=22084

Post again if you need help and welcome

Mike
  • #46,220
  • Oct 17, 2009 1:14pm Oct 17, 2009 1:14pm
Quoting maxpips
any views about next week?
all signs pointing higher
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