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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

  • #57,841
  • Mar 10, 2010 12:48pm Mar 10, 2010 12:48pm
I don't trade the hourly charts, but I find setups like these on any time frame very educational. The initial reaction of today's price when it hit old resistance, than again what happened when it hit recent congestion.
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  • #57,842
  • Mar 10, 2010 12:53pm Mar 10, 2010 12:53pm
Quoting lovejoy80
Its a BEOB on myu feed but not a great one and former bar highs are directly below so a pass from me on this one (on my feed - Alpari)
ye i wont be taking this on my real account i dont think, it just doesnt jump out at me enough. the first problem area for me is the round n. under the bar and then the bar lows at around 81.50. it will be 1 ill be watching with interest though.
cheers

jon
PATIENCE... DISCIPLINE
  • #57,843
  • Mar 10, 2010 12:53pm Mar 10, 2010 12:53pm
Quoting g_j_hook@yah
i think all this talk of gold has scared the markets!!! have you seen the last few 1h bars!!? i got a couple of nice little scalps from it KF...what have you started!?!?


jon
I have to keep this stuff close to my vest bro.

K.I.S.S.
  • #57,844
  • Mar 10, 2010 1:19pm Mar 10, 2010 1:19pm
Quoting KissFan
I have to keep this stuff close to my vest bro.

K.I.S.S.
....boy..am i glad i aint made of gold!!!



PATIENCE... DISCIPLINE
  • #57,845
  • Mar 10, 2010 1:23pm Mar 10, 2010 1:23pm
Quoting Dan Gilbert
Don't forget the thousands of locations around the USA who state, "WE BUY YOUR GOLD!" with big golden signs posted everywhere you look.

I see those shops as the sharks, and the people who sell their gold to these shops as the fish. The bubble will burst when the public becomes aware of the value of their gold, and stop selling it to these shops. Time will tell!
They ae everywhere here in Texas.

K.I.S.S.
  • #57,846
  • Mar 10, 2010 1:24pm Mar 10, 2010 1:24pm
Quoting olpip
I've been following gold since 2002, and had a portion of my savings invested in physical (initially actually holding it, but subsequently via bullionvault) since 2005.

There's so much info to absorb, it's scary, but I definitely believe there'll be a proper gold bubble with blow-off phase mirroring that of early 1980.

GATA has some interesting (albeit conspiratorial) info on its site.

marketoracle.co.uk has a lot of stuff on it, some good, some bad.

If you want to know how the US government manipulates stats to make the situation look...

Thanks for the links olpip!

K.I.S.S.
  • #57,847
  • Mar 10, 2010 1:50pm Mar 10, 2010 1:50pm
What does BEOB mean?
  • #57,848
  • Mar 10, 2010 1:58pm Mar 10, 2010 1:58pm
Quoting datogio
lets pull this girl to 1.0650 guys, or is it a bit optimistic target
the target looks a bit optimistic for today, but still holding the position.
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  • #57,849
  • Mar 10, 2010 2:00pm Mar 10, 2010 2:00pm
Quoting Jaffels
What does BEOB mean?
BEarish Outside Bar
  • #57,850
  • Mar 10, 2010 2:03pm Mar 10, 2010 2:03pm
Central bank causing spikes on the 1m NZD/USD?

Suddenly volatility exploded on this pair, never seen something like that.
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  • #57,851
  • Mar 10, 2010 2:03pm Mar 10, 2010 2:03pm
Quoting Jaffels
What does BEOB mean?
BEOB = Bearish Outside Bar

first page is that way buddy <<<
(youlle get everything you need to know about the thread and the abvs. if you start there.

jon
PATIENCE... DISCIPLINE
  • #57,852
  • Mar 10, 2010 2:13pm Mar 10, 2010 2:13pm
Quoting Jaffels
What does BEOB mean?
hi mate, check on the first page, there are a few links that contain pdf's explaining PA. Also go to babypips.com and have a read up on there.
  • #57,853
  • Mar 10, 2010 2:14pm Mar 10, 2010 2:14pm
Quoting KissFan
This might start an interesting discussion, but I am going to give my opinion on Gold and Silver. I am studying the fundamentals of the two. They are starting to fascinate me. Gold and silver for the most part has been a crappy investment over the past one hundred years. I sincerely believe that we are as traders about to witness and hopefully take part in a huge bull run for gold and silver. The charts will tell the story over time and I will trade them as I read them but the fundamentals are present for gold and silver to move like we saw back...
Inflation with following rise of gold and silver is what Peter Schiff is talking about. Makes sense, they(FED, BoE, BoJ, EB) have printed lot of money. But also Hugh Hendry has interesting views, not really ideological, but more practical. These are good vids:
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Cheers,
Mikey
  • #57,854
  • Mar 10, 2010 2:15pm Mar 10, 2010 2:15pm
Saw that N/U too, damn it stopped me out of the trade by 2 pips, flash move, never seen before as well
  • #57,855
  • Mar 10, 2010 2:19pm Mar 10, 2010 2:19pm
Isn't it the Central Bank's rate decision?
  • #57,856
  • Mar 10, 2010 2:24pm Mar 10, 2010 2:24pm
Completely overlooked that. That's another reminder to check the calendar every day

Quoting o990l6mh
Isn't it the Central Bank's rate decision?
  • #57,857
  • Mar 10, 2010 2:36pm Mar 10, 2010 2:36pm
Quoting michal7
Peter Schiff is talking about...Hugh Hendry has interesting view....These are good vids:
I love these talking heads, they are something.....they remind me Israeli Taxi drivers - always know everything about anything

  • #57,858
  • Mar 10, 2010 2:42pm Mar 10, 2010 2:42pm
Quoting benji533
I love these talking heads, they are something.....they remind me Israeli Taxi drivers - always know everything about anything

lol they got to be professors, but won't even come close to Georgian taxi drivers, they know everything except the streets.
  • #57,859
  • Mar 10, 2010 2:44pm Mar 10, 2010 2:44pm
Quoting artov
Completely overlooked that. That's another reminder to check the calendar every day
Yes interest rate decision followed by comments - they will keep rates on hold until mid-year at the earliest.

Caused the 4H NU and NJ BEOB's to activate. I took the NJ one and took profit at the 1st target area.
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  • #57,860
  • Mar 10, 2010 2:49pm Mar 10, 2010 2:49pm
Quoting benji533
I love these talking heads, they are something.....they remind me Israeli Taxi drivers - always know everything about anything

lololol
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