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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

  • #47,561
  • Nov 4, 2009 3:41pm Nov 4, 2009 3:41pm
Quoting endo77
Mike, there seems to be a recent bar high missing from your chart around 134.50. (11/02 12:00 GMT EJ 4H bar)
yep you are right but that is ok my order was below that number anyway

thanks bud
Mike
  • #47,562
  • Nov 4, 2009 3:42pm Nov 4, 2009 3:42pm
I'm liking the 4h pin on the nzd/jpy. 66.00 round number, slight bearish divergence and price is bouncing off the left eye of the monthly pin.
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  • #47,563
  • Nov 4, 2009 3:48pm Nov 4, 2009 3:48pm
Scratch the pin setup, now a bearish outside bar haha

Quoting fishoutawata
I'm liking the 4h pin on the nzd/jpy. 66.00 round number, slight bearish divergence and price is bouncing off the left eye of the monthly pin.
  • #47,564
  • Nov 4, 2009 3:54pm Nov 4, 2009 3:54pm
Quoting fishoutawata
Scratch the pin setup, now a bearish outside bar haha

I start to get DAMN ANTSY when this starts happening right b4 my eyes... MUST.NOT.PLACE.ORDER.YET!!!!! lollllll - something I need to control....
Many choose unhappiness over uncertainty.
  • #47,565
  • Nov 4, 2009 3:59pm Nov 4, 2009 3:59pm
Quoting Dan Gilbert
I start to get DAMN ANTSY when this starts happening right b4 my eyes... MUST.NOT.PLACE.ORDER.YET!!!!! lollllll - something I need to control....
Just take one or two of your hair straws and stuff them into a voodoo doll and fedex it to Mike or Jim and I'm sure they'll take care of that.
  • #47,566
  • Nov 4, 2009 4:15pm Nov 4, 2009 4:15pm
chfjpy pin bar on 4hr chart
Attached Image (click to enlarge)
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If you can wait and not be tired by waiting...
  • #47,567
  • Nov 4, 2009 4:20pm Nov 4, 2009 4:20pm
Quoting mbqb11
eur/jpy
This is my first post on this thread. I have been a lurker for about a month. Mike, I wanted to ask you about your stop on the last eur/jpy post. You said your stop was below 3.50. Was that to avoid the first trouble area or to get below the whole number? Or did I miss it entirely. Thanks in advance.
  • #47,568
  • Nov 4, 2009 4:30pm Nov 4, 2009 4:30pm
Quoting o990l6mh
Just take one or two of your hair straws and stuff them into a voodoo doll and fedex it to Mike or Jim and I'm sure they'll take care of that.
please no one mail me their hair LOL
  • #47,569
  • Nov 4, 2009 4:48pm Nov 4, 2009 4:48pm
Hello,

Does anyone know if James is going to upload more recap videos of previous months in guest section of PF or was that one just a teaser?
  • #47,570
  • Nov 4, 2009 5:53pm Nov 4, 2009 5:53pm
What do you reckon to the AUD/CAD pinbar?
Looks even better on a 2day chart, with the trend, at 23.6 retrace from 24th July
  • #47,571
  • Nov 4, 2009 6:33pm Nov 4, 2009 6:33pm
Quoting didymario
...Except that the RSI does not seem to diverge with the direction of the price.
why not?
the RSI divergence was shown as the red diagonal line on RSI: price made higher highs while RSI slowly drifted down.
  • #47,572
  • Nov 4, 2009 6:39pm Nov 4, 2009 6:39pm
Quoting bee24
...
Does anyone know if James is going to upload more recap videos of previous months in guest section of PF or was that one just a teaser?
as a non-PF member, i feel the current videos are already sufficient for all of us: we just have to review them many times until it sinks in & we know the concept/method by heart & we apply them consistently in demo & real time. usually, the patterns, setups are the same, only the specific locations, times, timeframes (where these patterns & setups happen) are different.

but im sure they'll share more videos sooner or later.
  • #47,573
  • Nov 4, 2009 6:42pm Nov 4, 2009 6:42pm
Quoting fxlan
Eur jpy is also showing nice movement. What to do if two jpy pairs are showing nice PA?
U trade the better looking one (PA setup, confluence & location-wise) or
u trade both & trade&manage them accordingly.
  • #47,574
  • Nov 4, 2009 6:44pm Nov 4, 2009 6:44pm
Quoting MattW
What do you reckon to the AUD/CAD pinbar?
Looks even better on a 2day chart, with the trend, at 23.6 retrace from 24th July
as we all use different chart platforms & different brokers (& with different timezones), it would be best if u show us the chart that u see & use.
then some people here can comment appropriately.
  • #47,575
  • Nov 4, 2009 7:23pm Nov 4, 2009 7:23pm
Quoting glyder
chfjpy pin bar on 4hr chart

My short has been activated on this pair....

Also +50pip on CADJPY sell so far.... looking @ 84.50 as first T/P, and spot for moving stop to B/E...




I just need to note that this thread is the first thing I have ever seen as far trading is concerned that has worked. It always seemed like everything else I used was completely WRONG and never worked properly... Now it seems like everytime I place a trade, it always goes the direction I traded in... Although sometimes it does turn back, my skills are still being perfected as far moving the S/L --- so I know I can get this right.... Love you guys all!
Many choose unhappiness over uncertainty.
  • #47,576
  • Nov 4, 2009 7:28pm Nov 4, 2009 7:28pm
Quoting Dan Gilbert
...
I just need to note that this thread is the first thing I have ever seen as far trading is concerned that has worked. It always seemed like everything else I used was completely WRONG and never worked properly... Now it seems like everytime I place a trade, it always goes the direction I traded in... Although sometimes it does turn back, my skills are still being perfected as far moving the S/L so I know I can get this.... Love you guys all!
Excellent Dan!
very glad to hear this.
Go & perfect your skills...
  • #47,577
  • Nov 4, 2009 8:21pm Nov 4, 2009 8:21pm
This is my plan to do a blind short the EURGBP at 0.9000 level. I will use 25pip stop.

Reason to short:

1. Trendline
2. 61.8% retracement level.
3. Weekly chart still bearish

Final target could be 0.8820 level.

I miss the chance to short it at 0.9070 area, (price only reach 0.9061), hope I can catch the fall again.


All comments are welcome.

Thanks!

PippingM
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  • #47,578
  • Nov 4, 2009 8:53pm Nov 4, 2009 8:53pm
Quoting PippingMama
This is my plan to do a blind short the EURGBP at 0.9000 level. I will use 25pip stop.

Reason to short:

1. Trendline
2. 61.8% retracement level.
3. Weekly chart still bearish

Final target could be 0.8820 level.

I miss the chance to short it at 0.9070 area, (price only reach 0.9061), hope I can catch the fall again.


All comments are welcome.

Thanks!

PippingM

I spotted this one a while ago... jarroo helped steer me to that .9000 round number... Seems very solid to me for a touch sell...

Some reference:

http://www.forexfactory.com/showpost...ostcount=47250

http://www.forexfactory.com/showpost...ostcount=47252
Many choose unhappiness over uncertainty.
  • #47,579
  • Nov 4, 2009 8:59pm Nov 4, 2009 8:59pm
Quoting Dan Gilbert
I spotted this one a while ago... jarroo helped steer me to that .9000 round number... Seems very solid to me for a touch sell...

Some reference:

http://www.forexfactory.com/showpost...ostcount=47250

http://www.forexfactory.com/showpost...ostcount=47252

NOTE: you will see I was thinking we were heading to .8800 but you will also notice the .9000 drawn on the charts....
Many choose unhappiness over uncertainty.
  • #47,580
  • Nov 4, 2009 11:13pm Nov 4, 2009 11:13pm
that upper decki from Hidecki is givvign that yen a push. Yankees ...27
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