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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

Quoting Dan Gilbert
what are the current whips for?
They occur when my order get filled.
If anyone hasn't done it yet, go download google chrome web browser, the thing is lightening fast! waaaay faster than IE.
Many choose unhappiness over uncertainty.
Quoting raczekfx
Head & shoulders.


if this could be a scenario than wouldn't be necessary to get .4700 in order to be formed a H&S,or the below scenario are you referring to

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Sorry, can't post charts right now but AUDCAD is forming a pinbar after rejecting .9600 (and the lousy AUD data out today) and AUDUSD is also completing a two day pin at .93.

Both are at nice s/r regions but are countertrend. However, both pairs look like they are having difficulty continuing with their previous uptrend.

What do you guys think? Assuming that the PA actually completes, I'm liking the AUDCAD a bit more because it is going into less immediate traffic and I am far more optimistic in my view of the loonie vs. the dollar.

By the way I use Oanda, which obviously has a later bar-closing time so a lot of you might not have these on your charts
Quoting triger88990


if this could be a scenario than wouldn't be necessary to get .4700 in order to be formed a H&S,or the below scenario are you referring to

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Here's another scenario.

And i did not do any curve fitting to these PPZ and S/R areas they are same since Friday i just waited for price to come to them (not moved them to touch price) and it paid .
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Quoting Lamdun
Sorry, can't post charts right now but AUDCAD is forming a pinbar after rejecting .9600 ...
I've checked the AUDCAD and seems there is a forming pinbar on the daily chart..
I also think price have been moving up for several days, perhaps on this right spot it may reverse..
I dont know if I would consider it an A+ setup or .. I'll just wait and see..
Quoting Bee3a
I've checked the AUDCAD and seems there is a forming pinbar on the daily chart..
I also think price have been moving up for several days, perhaps on this right spot it may reverse..
I dont know if I would consider it an A+ setup or .. I'll just wait and see..
might form a dbl top....
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Many choose unhappiness over uncertainty.
Quoting raczekfx
I searched for it, but couldn't find it... sorry Dan.
It's been a year.
maybe you are talking about this one?

http://www.ytbdream.com/eurcadupdate/
Market can stay irrational longer than you can stay solvent.
Quoting Bemac
I have tried to find it on the Web but, so far, have been unsuccesfull.

Jan 11th 2010 China Monetary descision.

Expected to shun pleading from US to Peg Yuan yet again.

This is the biggest influence on all (Liquid) Currencies at the moment and has put All in a Stack 'em & Rack 'em mentality. {(very little will happen until the news starts filtering out. (Be Very very carefull here. Remember Who is Feeding the Filter.)}


IF [size=3]and that's a Huge IF. China decides to peg...
Every single Trader that has not achieved...
I have been asking myself why the chart squiggles the way it does.
Yes, PA, etc etc tells us what to do & when to enter... but I've always been a curious nut...
Seeking & finding and you're posts are helping alot.
Thank you sir. I appreciate this post plenty.

Politically, China is very liable to tell the US to screw off.
No offense to Americans here, just stating what I gather from the news... From what I read in the news, they don't like being told what to do.

Beginning to see that general conditions cause major shifts in the mind of the market.

Read this from a friend. Don't know how true it is but... Selah
http://www.guardian.co.uk/environmen...nge-mark-lynas
One Mind, Any Market
euraud is way oversold, watching the 30mins for a possible counter trend breakout play. Any comments?

Hunri
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I see guys trading here...Me still waiting for a first valid trade in 2010. Can one become to picky?
Quoting gasgas
I see guys trading here...Me still waiting for a first valid trade in 2010. Can one become to picky?
nope.. I'm firmly in Team 'Sucky Sideways Markets = No Trades for 2010' with you
When you have to shoot, shoot. Dont talk.
Quoting gasgas
I see guys trading here...Me still waiting for a first valid trade in 2010. Can one become to picky?
I don't think so

I just took a trade on eur/gbp, very large BEOB + divergence + Big Round number

Quick profit


Mike
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Quoting gasgas
I see guys trading here...Me still waiting for a first valid trade in 2010. Can one become to picky?
Just short on GBPCHF on that big BEOB of Jan 4th (very small profit) and long on gold based on the weekly pin (stopped at BE on last week's retrace).

Not as picky as you but still picky
Quoting joelcf
nope.. I'm firmly in Team 'Sucky Sideways Markets = No Trades for 2010' with you
Thanks Joel

I needed to hear that from someone like you.

So we wait a little more

Regards
Quoting mbqb11
I don't think so

I just took a trade on eur/gbp, very large BEOB + divergence + Big Round number

Quick profit


Mike
I saw that BeOB too, but was little late to enter so I didn't.
Nice quick trade btw

@Nosferatu: Small profit is still profit, enough for a beer or two wright
Quoting gasgas
I saw that BeOB too, but was little late to enter so I didn't.
Nice quick trade btw

@Nosferatu: Small profit is still profit, enough for a bear or two wright
Demo beer? Sure
Quoting mbqb11
I don't think so

I just took a trade on eur/gbp, very large BEOB + divergence + Big Round number

Quick profit


Mike
Are you done with it Mike or i will see my SL hit?

Should'v waited for 0.9060.
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Quoting Muhammad989
Assalamualaikum Ghous h r u ? yaar aaj meney aap ki profile check kary tu mey aik dam shocked houa kiyun k meney yahan nasir bhai ko hi dekha tha as paki men mujhey bohot khushi hoyi k tum pakistani ho or karachi ..i hope we will continue here ,

Muhammd
W/salaam bro,

It's good to have more pakis share the gold with us here.

Hope to see you around

g.
I believe . . .
Hi all

New to this thread. Trying to absorb as much info as possible from many good traders here.

I entered into this trade on demo, hoping that it would meet the J16 trading, feed back is welcome and appreciated.

Cheers
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What you do is a reflection of you....what I do is a reflection of me.
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