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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

  • #53,201
  • Jan 28, 2010 10:26am Jan 28, 2010 10:26am
Quoting benji533
Easy as that.
Just have a plan, and be patient.

And of course...hitting some solid resistance on dow can help you manage your yen position accordingly (also was a clue for eu 4h pin )

gbpchf somebody?
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  • #53,202
  • Jan 28, 2010 10:27am Jan 28, 2010 10:27am
nice pin break off 125, 1hr ej
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  • #53,203
  • Jan 28, 2010 10:29am Jan 28, 2010 10:29am
Quoting mbqb11
that's how I like em
  • #53,204
  • Jan 28, 2010 10:35am Jan 28, 2010 10:35am
Quoting ljr
Been watching this but its not an Outside bar on the FX Pro feed. Will wait to see how the Daily closes.

Mike where was your sell stop? From your chart it doesn't look like it is below the BEOB or did you enter when the bar closed?
Hey LJ

I entered a market order cause I am making a video of it live. But on my real account it was below which triggered right after around that time. Just easier then entering a bunch of numbers with a different spread on the demo feed

Mike
  • #53,205
  • Jan 28, 2010 10:38am Jan 28, 2010 10:38am
Quoting benji533
gbpchf somebody?
See, this is what's wrong with this thread.

Everybody already knows what/where the good stuff is.
And then post it faster than anyone else could, too!

How a senile, errr, senior member like me is supposed to come up with anything new beyond that, I just don't know!


Trust price. Know yourself.
  • #53,206
  • Jan 28, 2010 10:41am Jan 28, 2010 10:41am
Quoting benji533
And of course...hitting some solid resistance on dow can help you manage your yen position accordingly (also was a clue for eu 4h pin )

gbpchf somebody?
  • #53,207
  • Jan 28, 2010 10:42am Jan 28, 2010 10:42am
What is a strong PPZ?
Thank you! Jimbo
  • #53,208
  • Jan 28, 2010 10:42am Jan 28, 2010 10:42am
Quoting mbqb11
Hey LJ

I entered a market order cause I am making a video of it live. But on my real account it was below which triggered right after around that time. Just easier then entering a bunch of numbers with a different spread on the demo feed

Mike
Got you! Thanks Mike
  • #53,209
  • Jan 28, 2010 10:42am Jan 28, 2010 10:42am
Quoting ppfx
im watching it too, but since i got burned on this pair yesterday, today i will be a little more cautios
Nice Daily !
I will watch this pair as well, the main negative for me is the fourth attempt to 1.7.
  • #53,210
  • Jan 28, 2010 10:53am Jan 28, 2010 10:53am
For my friend benssol.

He loves continuation IBs, this was a nice one.
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Trust price. Know yourself.
  • #53,211
  • Jan 28, 2010 10:55am Jan 28, 2010 10:55am
Quoting SeekingLight
....senior member like me is supposed to come up with anything new beyond that, I just don't know!


Patrick,
The beauty in this is that there is nothing new beyond that, except of pure hype!
Trading is very simple, and obvious when the relay good setups occur.

I like rac's sentence..."trading is boring...if you are exited, something is wrong"..


Thanks for being the a part of the seniurs which are the heart of this thread, and many thanks for that you, the old-timers are the base of the young and successful James16's of today and tomorrow.

Ben
  • #53,212
  • Jan 28, 2010 10:55am Jan 28, 2010 10:55am
Quoting jimbo67a
What is a strong PPZ?
Strong PRICE PIVOT ZONE or an area where price changes around a lot, basically an area or of support and resistance rather than one specifc line.
  • #53,213
  • Jan 28, 2010 11:05am Jan 28, 2010 11:05am
i heard someone talking about the line chart today.

Btw missed the beautiful Double Bottom at 1074.69.
.
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  • #53,214
  • Jan 28, 2010 11:07am Jan 28, 2010 11:07am
I am not playing it, but there is a small 2-hour pin at 1.0650 area......I don't play hourlies and the pin looks two small to me anyway.

Anyone long this pair should at least be aware it is out there.

Nathan
  • #53,215
  • Jan 28, 2010 11:11am Jan 28, 2010 11:11am
Quoting jimbo67a
What is a strong PPZ?
A PPZ is a Flip b/w support and resistance

you can read more up here

http://www.forexfactory.com/showpost...ostcount=14084


So a strong one is just going to be a much more significant zone that price seems to love

Best
Mike
  • #53,216
  • Jan 28, 2010 11:27am Jan 28, 2010 11:27am
Hi guys,

I know the day is not over but I guess we should take a look on this one as well.

Future-PIN with a long nose pointing a round number.

I attached the H4 photo as well , because the last long bullish bar ( which is engulfing the last 3 ars ) is nice and can announce a bullish period if the day will finish with a PIN on EUR/GBP. Maybe is time to get back in triangle

Good luck guys.
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  • #53,217
  • Jan 28, 2010 11:58am Jan 28, 2010 11:58am
Daily analysis of GBPCHF. Correct me if I'm wrong

3h to close

PROS:
+ 50 fibo touched
+ 365 & 150 MA zone
+ bumped from strong PZ 1.700
+ trend down obviously (don't fight with the trend my friend )

- it may be trend reverse, because the last 3 days broke out from the quite nice canal

Opinions, suggestions?
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  • #53,218
  • Jan 28, 2010 12:01pm Jan 28, 2010 12:01pm
Quoting FXMaecenas
Hi guys,

I know the day is not over but I guess we should take a look on this one as well.

Future-PIN with a long nose pointing a round number.

I attached the H4 photo as well , because the last long bullish bar ( which is engulfing the last 3 ars ) is nice and can announce a bullish period if the day will finish with a PIN on EUR/GBP. Maybe is time to get back in triangle

Good luck guys.
Just make sure you realize if you plan on playing the the gbp/chf pin as well these pairs typically act in mirror images to a high degree. In other words, if the gbp/chf pin doesn't work out there is a good chance you get stung on the Eur/Gbp as well. Naturally this works great if they both win, but it is good to at least recognize this.

Nathan
  • #53,219
  • Jan 28, 2010 12:12pm Jan 28, 2010 12:12pm
Quoting Publius
Daily analysis of GBPCHF. Correct me if I'm wrong

3h to close

PROS:
+ 50 fibo touched
+ 365 & 150 MA zone
+ bumped from strong PZ 1.700
+ trend down obviously (don't fight with the trend my friend )

- it may be trend reverse, because the last 3 days broke out from the quite nice canal

Opinions, suggestions?
If it closes as such, these are the areas I will be watching price react to (also assuming it breaks the low of the pin):

* 1.6900. This area should at least slow any drop in price, but always a
small chance it could reverse it as well.

* 1.6780-1.6809. This seems to be the most logical next stop for this
pair if it gets through 1.6900 (not necessarily in one day).

This is where I will place my Take Profit. The only thing that changes my view would be strong bullish price action on the 4 hour or even hourly at the 1.6900 level. No wimpy pins, I mean either a huge buob or pin with attitude.

My name is Doberman and I approve this message.......


Nathan
  • #53,220
  • Jan 28, 2010 12:20pm Jan 28, 2010 12:20pm
something to watch...
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What does not kill me makes me stronger. Friedrich Nietzsche,
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