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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

  • #52,361
  • Jan 21, 2010 10:53am Jan 21, 2010 10:53am
Done for the day,

Going to Eaton center and shoppin with the wifey!

Cheers guys, Gluck with your trades
lowest draw down possible please.
  • #52,362
  • Jan 21, 2010 10:53am Jan 21, 2010 10:53am
Eur/Aud - Will see how it closes, but this is what I have been waiting for at this level. A nice daily big buob forming at the 1.5500 weekly pivot level.

Stay tuned...........
Attached Image
  • #52,363
  • Jan 21, 2010 10:58am Jan 21, 2010 10:58am
!m willing to participate too. Iam in south east asia. GMT +7. http://cdn.forexfactory.com/images/s.../yim/happy.gif
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #52,364
  • Jan 21, 2010 11:08am Jan 21, 2010 11:08am
Quoting ehrek
Told ya guys on the USD/CHF..

Look MA! NO HANDS!
wow nice trade man ive been to busy with this one
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  • #52,365
  • Jan 21, 2010 11:10am Jan 21, 2010 11:10am
Quoting dobe_r_man
Eur/Aud - Will see how it closes, but this is what I have been waiting for at this level. A nice daily big buob forming at the 1.5500 weekly pivot level.

Stay tuned...........
haha nice pic

yea and a tiny pin on weekly too
  • #52,366
  • Jan 21, 2010 11:15am Jan 21, 2010 11:15am
Obama was talking about the banking industry - and the market don't know how to take it. Or knows !!
  • #52,367
  • Jan 21, 2010 11:15am Jan 21, 2010 11:15am
Quoting johnbaem
Both move like never stop!

Congrats for those bag in big pips....
Hi John
Thanks for kind words the other day, I'd wish you goodluck back at you, but you seem to be doing so well you don't need it.
-Good luck anyway.
  • #52,368
  • Jan 21, 2010 11:16am Jan 21, 2010 11:16am
Quoting Dan Gilbert
95% of traders fail because they never found this thread. 'nuff said
so true ive been around this thread only for a while and i already learned so much cant imagine whats there still to discover

...well i can imagine, i just look to some seniors posts here and see how the things are supposed to be done
  • #52,369
  • Jan 21, 2010 11:26am Jan 21, 2010 11:26am
just saw this maybe its time to go long will see how it closes
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+good looking pin on a 4h
+good location of the pin

-40min left for the bar to close

first trouble area at 1119.00 (probably it wont broke it)

what do you think guys?
  • #52,370
  • Jan 21, 2010 11:34am Jan 21, 2010 11:34am
Quoting raczekfx
of course...
It's make it or break it tonight, for many 'far east' currencies..
those who ask right questions, will always be ahead of the crowd.
it's too late now....
.
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  • #52,371
  • Jan 21, 2010 11:47am Jan 21, 2010 11:47am
Quoting ppfx
just saw this maybe its time to go long will see how it closes
Attachment

+good looking pin on a 4h
+good location of the pin

-40min left for the bar to close

first trouble area at 1119.00 (probably it wont broke it)

what do you think guys?
You can blame me if it doesn't close a Pin else a BE is a win for me also.

I had a short position also at 1100.00 but closed it just now. (minimizing the risk)
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  • #52,372
  • Jan 21, 2010 11:53am Jan 21, 2010 11:53am
Quoting nasir.khan
You can blame me if it doesn't close a Pin else a BE is a win for me also.

I had a short position also at 1100.00 but closed it just now. (minimizing the risk)
yea just wanted to say nevermind.. cuz i saw the same that you just posted
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  • #52,373
  • Jan 21, 2010 11:54am Jan 21, 2010 11:54am
Quoting Bleek
I've always used candles but I can see how the little 'arms' of the bar for open/close can be quite useful/descriptive.
I was a candle fan, but I've been using bar charts since I practiced looking for PPZs on my charts, and only found the advantage from my prespective is that it is easier to see where the open and close is in a bar chart, because people tend to color their candles differently, especially black/white, if I'm not very cautious, I could always mistaken the open for the close and vice versa.

so it's a personal thing, I know jarroo uses candlesticks and very much comfortable and successful with it.

Good luck and congrats on your first post
  • #52,374
  • Jan 21, 2010 11:57am Jan 21, 2010 11:57am
Quoting Dan Gilbert
I traded this on the live account. I3B southbound break. Half position closed, I'm leaving the S/L where it is. I have a feeling price will retrace here and then eventually make its big move down to... 1.65? We'll see.
that is one compressed 1%! congrats!
  • #52,375
  • Edited 12:31pm Jan 21, 2010 12:18pm | Edited 12:31pm
Hi

Is this a tradeable BEOB on USDJPY?

Other variables going for it is price has already retraced on the Fib 50, went up to and kissed the 150ema, falling back down through the Fib 50, and is balancing on round number of 90.
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  • #52,376
  • Jan 21, 2010 12:20pm Jan 21, 2010 12:20pm
Quoting Danku
raczekfx made a very interesting suggestion and i would be more than interested in forming a group of friends based on his suggestions.........interested.....let me know...........i trade 4-HR, Daily and Weekly but mainly Daily...cheers
I trade 4H mainly but always miss the 10pm GMT 4H bar because of sleep. pm me if you're interested, I live in GMT+7...

Quoting johnbaem
im willing to participate. in in south east asia. GMT +8.

BDW, even said it was bias bearish on GJ. Its really in the middle of traffic. I wont take any risk on this. Good luck guys.
See... most of my friends here live in the same timezone
  • #52,377
  • Jan 21, 2010 12:33pm Jan 21, 2010 12:33pm
Gbp/Cad - Still early in the day, but a very interesting looking daily IPB at a pivot zone on this pair.
  • #52,378
  • Jan 21, 2010 12:40pm Jan 21, 2010 12:40pm
Hi Guys,
Maybe loads of Daily Pinbars today.
What do you think about the following Daily Pinbars if it close like it is now: EURUSD, USDCHF, GBPCHF (2 days PB) ?
EURJPY is at a strong PPZ as well but no PA yet.
Manu
  • #52,379
  • Jan 21, 2010 12:53pm Jan 21, 2010 12:53pm
MIKE
tell me you are in ???
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Simplicity is the key to success
  • #52,380
  • Jan 21, 2010 1:04pm Jan 21, 2010 1:04pm
Quoting djmanu
Hi Guys,
Maybe loads of Daily Pinbars today.
What do you think about the following Daily Pinbars if it close like it is now: EURUSD, USDCHF, GBPCHF (2 days PB) ?
EURJPY is at a strong PPZ as well but no PA yet.
Manu
I like the gbp/chf PA the best out of all of them. I think this pair has the most potential for a bigger move vs. the others which I view as more reversals against the new trends. This is just my opinion, but if I played Eur/Usd or Usd/Chf I would be aggressive with trade management or moving to break-even quickly. I cannot stress this enough, but pinbars or price action against the main trend vs. with the trend or in consolidation require more skill in my opinion.....i.e. you need laser accuracy and there is less room for errors.

Again........those are my thoughts, which doesn't make them right.

Nathan
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