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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

  • #50,921
  • Jan 6, 2010 10:20pm Jan 6, 2010 10:20pm
Quoting supremeChaos
nice pinbar. my concern here is the ongoing uptrend.
looks like the reverse of eurchf H4 (see PippingMama's & mbqb11's charts): immediate trouble area seem to be around 0.7315 - 0.7350.
not to mention it has been kind of stalled at this point... lack of momentum, etc....
Many choose unhappiness over uncertainty.
  • #50,922
  • Jan 6, 2010 10:34pm Jan 6, 2010 10:34pm
Quoting Dan Gilbert
not to mention it has been kind of stalled at this point... lack of momentum, etc....
i agree.
i think it's more of momentum slowing temporarily. we may still get a stab at the 0.75 area (or 0.76??) before the week ends.
Let's see.
  • #50,923
  • Jan 6, 2010 10:43pm Jan 6, 2010 10:43pm
Quoting supremeChaos
i agree.
i think it's more of momentum slowing temporarily. we may still get a stab at the 0.75 area (or 0.76??) before the week ends.
Let's see.
All I know that it's going north, I still have a long from 0.7000
  • #50,924
  • Jan 6, 2010 10:45pm Jan 6, 2010 10:45pm
Quoting marcelnyo
All I know that it's going north, I still have a long from 0.7000
heheheh... I'm not disagreeing..... I'm def not gonna trade the bearish pin.
Many choose unhappiness over uncertainty.
  • #50,925
  • Jan 6, 2010 10:53pm Jan 6, 2010 10:53pm
Quoting mbqb11
Hey PM

This one isn't horrible, I just don't like the time of day it occurred. Except for the divergence we don't have much reason as to why it is getting held up. I think Jarroos "fast break" or cut out would be in play on this one.

Mike

Hello Mike,

I found 1.4800 is a strong support when I look at weekly chart and it does show quite some resistence around year 2002 and as support around 2009. Do you think it ok to consider the ppz is strong enough? I just found it could be a good support, can you share your view point on this?

Thanks!

PM
  • #50,926
  • Jan 6, 2010 11:12pm Jan 6, 2010 11:12pm
Quoting PippingMama
Hello Mike,

I found 1.4800 is a strong support when I look at weekly chart and it does show quite some resistence around year 2002 and as support around 2009. Do you think it ok to consider the ppz is strong enough? I just found it could be a good support, can you share your view point on this?

Thanks!

PM
Hey PM

I don't really see 1.48 as all that significant to be honest. Not that it might not hold, but my frame of reference for this size of a pin on the h4 is going to be relative to what has recently took place, which is a sharp hard fall. So I don't really want to call a bottom based on a 4hr pinbar of that size that formed at a bad time of day. For me these can lead to trouble where you see a slight rebound before a new move lower.

Again that is just how I read into things

Mike
  • #50,927
  • Jan 6, 2010 11:13pm Jan 6, 2010 11:13pm
what is going to happen when EURAUD hits 1.55???
Many choose unhappiness over uncertainty.
  • #50,928
  • Jan 6, 2010 11:26pm Jan 6, 2010 11:26pm
Quoting Dan Gilbert
what is going to happen when EURAUD hits 1.55???

You will be rich?
Learning to be rigid in my rules & flexible in my expectations
  • #50,929
  • Jan 6, 2010 11:32pm Jan 6, 2010 11:32pm
Quoting Treefingers
You will be rich?
lol, closing my short @1.5515... 1.55 is a record low on my brokers historical data.
Many choose unhappiness over uncertainty.
  • #50,930
  • Jan 6, 2010 11:35pm Jan 6, 2010 11:35pm
Hello everyone,

Any one playing the Bearish PB on the 4H AUDJPY?...
It is on a high swing topping a double top and a bearish div as well, so, Im in....!
It is on the Interbank broker.
I know, ahead of comfirmation, but....

Cheers....
Investor7
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY-4H-01.06.10.jpg Size: 317 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY-4H-01.06.10-PB.jpg Size: 176 KB
That which does not kill me, makes me stronger.
  • #50,931
  • Jan 6, 2010 11:46pm Jan 6, 2010 11:46pm
Quoting Investor7
Hello everyone,

Any one playing the Bearish PB on the 4H AUDJPY?...
It is on a high swing topping a double top and a bearish div as well, so, Im in....!
It is on the Interbank broker.
I know, ahead of comfirmation, but....

Cheers....
Investor7
Attachment

Attachment

I dont have it as a PB on either of my MT4 feeds. Close is way above the prior bar on both of mine but it looks good on your charts.
  • #50,932
  • Jan 6, 2010 11:51pm Jan 6, 2010 11:51pm
Looks like its good for at least 250 pips here down to support at 1.6230 on the daily

http://i45.tinypic.com/2zogcbl.gif
  • #50,933
  • Jan 6, 2010 11:58pm Jan 6, 2010 11:58pm
Quoting marcelnyo
All I know that it's going north, I still have a long from 0.7000
oh my... how did u know
so u were 1 of those Big Boys who initiated this upmove huh
let's see if it'll have another bullish Daily close...
  • #50,934
  • Jan 7, 2010 12:01am Jan 7, 2010 12:01am
Hey dan Eur/Aud low was in 97 1.4000 just in case you need it.
  • #50,935
  • Jan 7, 2010 12:09am Jan 7, 2010 12:09am
Quoting Dan Gilbert
..1.55 is a record low on my brokers historical data.
Quoting NoBread
..Eur/Aud low was in 97 1.4000..
Dan, NoBread,
which brokers?
MT4? demo data?
Thanks!
  • #50,936
  • Jan 7, 2010 12:17am Jan 7, 2010 12:17am
GCI for the data
  • #50,937
  • Jan 7, 2010 12:25am Jan 7, 2010 12:25am
Quoting Dan Gilbert
heheheh... I'm not disagreeing..... I'm def not gonna trade the bearish pin.

thanks for all the replies....
"Timing Is Everything. Really I Swear It Is"
  • #50,938
  • Jan 7, 2010 12:31am Jan 7, 2010 12:31am
Quoting supremeChaos
IPB recent example on eurusd H1

red arrow points at the IPB
red horizontal line (tail end of the IPB) is (initial) exit.
Attachment
Nice Mate.

Hope it's still on demo unless you've spent some time with these goodies already.

g.
I believe . . .
  • #50,939
  • Jan 7, 2010 12:42am Jan 7, 2010 12:42am
ghous,
yes Sir, mostly on demo.
just adding it into the "trading toolbox."
  • #50,940
  • Jan 7, 2010 12:58am Jan 7, 2010 12:58am
Chart is AUDCHF H4
AUDCHF Double Top broken upside... but plenty of resistance to the left, I hope the img isn't too big.
Attached Image (click to enlarge)
Click to Enlarge Name: 123%20AUDCHF%20H4%202010-01-07_1211.png Size: 39 KB
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