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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

  • #52,841
  • Jan 26, 2010 3:31am Jan 26, 2010 3:31am
Quoting LasVahGoose
I'm messed with my stop and got stopped out. If I had left it alone I'd still be in. I'm looking at the weekly to see if the 'almost' pinbar breaks.http://www.forexfactory.com/showthre...80#post3393880

.
http://cdn.forexfactory.com/attachme...1&d=1264199267
For me I seriously think there's too much traffic/congestion at that level. IMHO don't you also think the weekly PB in question which you have pointed out does not have enough space?

Just my 2 cents.

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  • #52,842
  • Jan 26, 2010 3:36am Jan 26, 2010 3:36am
Quoting nasir.khan
Anyone watching this Pin Bar ??

Two Hours left could turn into a BUOB.
Stoped out.

Who Did this.
  • #52,843
  • Jan 26, 2010 4:11am Jan 26, 2010 4:11am
GBP/CAD chart...interesting !!
Got a short at 1.7195.....targeting 1.6919
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  • #52,844
  • Jan 26, 2010 4:50am Jan 26, 2010 4:50am
Any thoughts on this one?

Punter
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  • #52,845
  • Jan 26, 2010 5:02am Jan 26, 2010 5:02am
Moved My stop to Entry at 7195 GBP/CAD , Hoping for more action , as the UK GDP came in with bad numbers , this could be the start of A BIG MOVE DOWN for the Pound . GBP/CHF , GBP/USD are posed for serious drops too. Good Luck every one, keep the good stuff coming
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  • #52,846
  • Jan 26, 2010 5:04am Jan 26, 2010 5:04am
Quoting Punter
Any thoughts on this one?

Punter
Looks great Punter!

g.
I believe . . .
  • #52,847
  • Jan 26, 2010 5:08am Jan 26, 2010 5:08am
Quoting Punter
Any thoughts on this one?
Punter
wow, huge BEOB but on a lower swing high. this beob engulfs 3 (almost 4 bars).
RSI or MACD bear. hidden divergence.

if momentum is on its side (hard break below the beob), IMO, price may have a potential to reach 1.6300 -1.6700 area. (price seem to be in a 1.6300 - 1.7000 range/ 1.60 - 1.71 wider range)
of course, be ware of S/R's PPZs along the way.
  • #52,848
  • Jan 26, 2010 5:09am Jan 26, 2010 5:09am
First a pinbar at the 7100s then a DBHLC .. I know its not the most genius location but many actions drove me to take this trade.. I anticipate nothing much..SL above the Pinbar at 7075 first Tp at 7040 PPZ, then if things went ok move my SL break even.. second Tp would be around the 7025 ..
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  • #52,849
  • Jan 26, 2010 5:13am Jan 26, 2010 5:13am
Quoting nasir.khan
Stoped out.
Who Did this.
first time u got stopped out huh? so u are human too

my internet has been failing me again , so thanks for the occasional laugh nasir
  • #52,850
  • Jan 26, 2010 5:17am Jan 26, 2010 5:17am
Quoting Punter
Any thoughts on this one?

Punter
I think this is really good.. I'll keep an eye on this
  • #52,851
  • Jan 26, 2010 5:17am Jan 26, 2010 5:17am
2 lost trades...
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Back to the beginning ... demo
  • #52,852
  • Jan 26, 2010 5:19am Jan 26, 2010 5:19am
Quoting ghous
Looks great Punter!

g.
How about this....??? Good to shoot till first target you recon...?
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  • #52,853
  • Jan 26, 2010 5:39am Jan 26, 2010 5:39am
Hi All!

Finaly my AUDCHF short turns into profit. As soon as it gets to 60, my risk, pips profit I go to BE.

I added more shorts to kiwi and AU. This is an MT5 demo account and it works like more and more platforms in relation to position management. It is allways the average of your position indicated. So If you are in at a better price, by adding to your position you will end up being in with a slightly worst price with bigger position. I have seen this on esignal, PFGBest and I guess this may be the trend.

The beast stopped me out at BE. I see now that I put my SL to BE early as the price got up to the resistance level only to fall off heavily again. I need to be extra careful with this violant pair. Not my favourite at all. Rather trade it only on daily or weekly - that is me.

My EURAUD starts to play itself out. I am at 127 pips profit. As my risk was some 180 I think I will let this one to play itself out. My first serious trouble potential is at 5930, that would mean 340 pips profit for me, I like that, although only 1.88 risk to reward.


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Kind Regards zol
  • #52,854
  • Jan 26, 2010 5:55am Jan 26, 2010 5:55am
Quoting Bemac
55 to 60 Pips is do-able but remember that we are sailing near the Lows of uncharted waters. "Some" may start a Buying Spree. Keep it close to your vest. (at least until you are UP a gazillion P. )


Metric Tonnes o' fun. Hope you did too.


Lost it by a "TossOff" (sounds Russian but it aint.)

2 Charts.
Overall: {Gloves OFF}
Attachment

Gloves ON:
Attachment

I have some really good friends here. Yourself included. I only offer my opinion to the Captain of Your Ship.
(YOU)

{sorry: I've been surviving on...
As far as this learner is concerned, your dissection is always welcome and appreciated without any qualification necessary Mr Bemac. Looking back on the monthly charts, I can clearly see your point of view. From that perspective, and with only a few days till the monthly candle closes, we have a situation where the 1.73 and 1.75 areas are not out of the question. As you noted "some" may see a buying opportunity soon. You caught me again with my bias britches down. After all, we do develop a bias based on what we see on the charts. Looking back at the last few swings on daily TF illustrates to me that nothing is settled here as we just might be in for a short term trend reversal. There is no clear pattern from the last few major swings. In Oct 2009 there is a low. Then in Nov 2009 a lower high. Later in Nov a higher low followed by a lower high and then a lower low. Finally, our last swing high (Jan 20)is slightly higher than the last.
Moving on here, I see that maybe you trade stocks as well? Is that semiconductor plant in your old home town? Looks like you have a runner there! As always, thanks for your comments and charts.

K.I.S.S.
  • #52,855
  • Jan 26, 2010 5:57am Jan 26, 2010 5:57am
Quoting Bemac
No; but I see 1.6850 as a possibility if that helps.

BMc
Cha Ching!

K.I.S.S.
  • #52,856
  • Jan 26, 2010 6:02am Jan 26, 2010 6:02am
Quoting Dan Gilbert
Using mikes 2 bar trailing technique would have been ideal in that one (hindsight of course )
Good observation Dan.

K.I.S.S.
  • #52,857
  • Jan 26, 2010 6:05am Jan 26, 2010 6:05am
Quoting Bleek
This is my first post in this topic, was this a valid trade or did I just get lucky?

Cable Daily.
Indeed Bleek. Now if you could learn how to use your arrows on your chart to point at the right bar when posting you will have it down pat.. Just kidding around with you bro! Great bar at a great place IMHO. Welcome to J16!

K.I.S.S.
  • #52,858
  • Jan 26, 2010 6:07am Jan 26, 2010 6:07am
Quoting mbqb11
Hey Bleek

yes that pin is very valid. But your arrow is pointing 2 bars over from the pin? or was that just an error. The pinbar is 2 bars back from your arrow. Just making sure

Best
Mike


k.i.s.s.
  • #52,859
  • Jan 26, 2010 6:09am Jan 26, 2010 6:09am
Quoting Bemac
To the General Membership of Readers...

Perhaps you haven't realized but I sure appreciate having...
Jarroo & Mike (Mbqb11) to offer two (albeit slightly) different viewpoints of the same scenario.
Ghous & Dan also offer other insights &...
then there are the diehard fans not only but including Kiss, LVG, DobeR and, lest we forget, James, The Man.

All this & respect for others too. It can be achieved!

BMc says you guys.
I'm know there are more but you don't want to read the entire list of who catches my attention.
Iron sharpens iron bro!

K.I.S.S.
  • #52,860
  • Jan 26, 2010 6:10am Jan 26, 2010 6:10am
Quoting marcelnyo
let me guess... rants and charts?
Ta daaaaah!

K.I.S.S.
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