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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

  • #59,801
  • Edited 11:07am Apr 1, 2010 10:44am | Edited 11:07am
Quoting jarroo
Hey Rac . . . . you changed your username. We already have a ghous.




Wasn't a touch trade smart guy.

g.
I believe . . .
  • #59,802
  • Apr 1, 2010 10:44am Apr 1, 2010 10:44am
Quoting ghous
confluence.

g.
nice charts dude.
hmmm why the size of your attachments is so big?
posting from a new widescreen.
  • #59,803
  • Apr 1, 2010 10:57am Apr 1, 2010 10:57am
Anyone touch trade CHFJPY as it came within 2 pips of 90?
  • #59,804
  • Apr 1, 2010 11:04am Apr 1, 2010 11:04am
Quoting nasir.khan
nice charts dude.
hmmm why the size of your attachments is so big?
posting from a new widescreen.
15.6 inch laptop screen

g.
I believe . . .
  • #59,805
  • Apr 1, 2010 11:21am Apr 1, 2010 11:21am
Now that is one huuuge pin off of everything you would wish for...

Now I would have liked a smaller pin.
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  • #59,806
  • Apr 1, 2010 11:23am Apr 1, 2010 11:23am
Quoting jarroo
Here we are in the zone. Touch traders take note.

Waiting for some nice Bearish PA is what we do.

Now what if Price cuts up and through this area? How strong of an indication would that tell us that the uptrend will continue?

Price maybe eyeballing the 145.00. No worries, we'll let PA show us the way.
iv got my eye on this also! i like the possibility of a break higher and a retest ?? who knows?
iv expanded a little on your chart Jarroo, i hope you dont mind?, as i wanted to pointout the possible decending wedge forming on the weekly/daily TF, normally a bullish pattern it could well break north after all those very strong candles weve had on the daily TF!! Then again its a great place for it turn around and take a nose dive?!
As you say though... PA will show us the way..

Use the force jon...use the force..

jon
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PATIENCE... DISCIPLINE
  • #59,807
  • Apr 1, 2010 11:27am Apr 1, 2010 11:27am
Quoting jarroo
Here we are in the zone. Touch traders take note.

Waiting for some nice Bearish PA is what we do.

Now what if Price cuts up and through this area? How strong of an indication would that tell us that the uptrend will continue?

Price maybe eyeballing the 145.00. No worries, we'll let PA show us the way.
Hey Jaroo,
Seems to me that the momentum is very strong. It will be unlikely to find a bearish PA at this confluenced area I think but I hope I am wrong. The 4H is showing some sign of bull exhaustion on my chart right now but it will take a lot of bears to create a nice bearish PA. Don't you think so?


CY
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  • #59,808
  • Apr 1, 2010 11:28am Apr 1, 2010 11:28am
Quoting neutro
Now that is one huuuge pin off of everything you would wish for...

Now I would have liked a smaller pin.
HAHA Never satisfied! (I thought the same thing) lol
I dream, therefore I become.
  • #59,809
  • Apr 1, 2010 11:28am Apr 1, 2010 11:28am
Quoting g_j_hook@yah
iv got my eye on this also! i like the possibility of a break higher and a retest ?? who knows?
iv expanded a little on your chart Jarroo, i hope you dont mind?, as i wanted to pointout the possible decending wedge forming on the weekly/daily TF, normally a bullish pattern it could well break north after all those very strong candles weve had on the daily TF!! Then again its a great place for it turn around and take a nose dive?!
As you say though... PA will show us the way..

Use the force jon...use the force..

jon
Nice jon.
Indicators show the past. Price Action "Indicates" the future.
  • #59,810
  • Edited 11:42am Apr 1, 2010 11:31am | Edited 11:42am
Quoting benji533
Finally. At least I have learned something new today. Thanks Danny
Wow, that's what I call a hard break lol. My 17 pip buffer broke and price hit my 1st trouble area 3 minutes later. Might become a runner, but I'm out for a BE - till the Next time.
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  • #59,811
  • Apr 1, 2010 11:37am Apr 1, 2010 11:37am
Quoting ertorque
Hey Jaroo,
Seems to me that the momentum is very strong. It will be unlikely to find a bearish PA at this confluenced area I think but I hope I am wrong. The 4H is showing some sign of bull exhaustion on my chart right now but it will take a lot of bears to create a nice bearish PA. Don't you think so?


CY
Yes CY. This may not play out today or even tomorrow. It may just hang around this area for awhile. Who knows.

All I know is that this is a solid area, seen by many. And I just wait patiently for some solid Price Action to show me the way.
Indicators show the past. Price Action "Indicates" the future.
  • #59,812
  • Apr 1, 2010 11:44am Apr 1, 2010 11:44am
Quoting ikki
Hey ertorque,

Just another view of that trade.
Jim has some post that says "never trade a huge outside bar that has retraced back to a 50 or 61 fib."
Just Keep it simple

my two cents

http://www.forexfactory.com/showpost...ostcount=47113

Hey Ikki,

Appreciate your sharing this "rule" from Jim.
It took me a while to understand it but now I that I got it, it kinda makes sense. If the retracement from a single bar is too huge relative to the last swing, it may be too much for it to go in the same direction again.

Thanks again!

CY
  • #59,813
  • Apr 1, 2010 12:17pm Apr 1, 2010 12:17pm
Hmmmm let me see...BUOB @ a swing low...bar is a bit small though and dont like the way it closed
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  • #59,814
  • Apr 1, 2010 12:37pm Apr 1, 2010 12:37pm
Quoting lovejoy80
Hmmmm let me see...BUOB @ a swing low...bar is a bit small though and dont like the way it closed
The EURCHF, is something that I would avoid right now. Their central bank's been trying to peg their currency to the EURO since last year.
Going to go Hunt for some large pips
  • #59,815
  • Apr 1, 2010 12:43pm Apr 1, 2010 12:43pm
Quoting relict07
The EURCHF, is something that I would avoid right now. Their central bank's been trying to peg their currency to the EURO since last year.
Yeah...I was kinda messing around...no way would I take a trade on that pair from PA...it just keeps going down until the SNB intervene...now if you could pick the moment when the SNB were to intervene...that would be a nice little earner!
  • #59,816
  • Apr 1, 2010 12:43pm Apr 1, 2010 12:43pm
Come on guys, buy a little, help me to form a daily PB here lol
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  • #59,817
  • Apr 1, 2010 12:56pm Apr 1, 2010 12:56pm
Quoting datogio
Come on guys, buy a little, help me to form a daily PB here lol
Nice one dat.
Indicators show the past. Price Action "Indicates" the future.
  • #59,818
  • Apr 1, 2010 1:04pm Apr 1, 2010 1:04pm
Quoting Lyra
Thanks a lot for your comment. My order on EURGBP has been triggered at 0.8845(demo), and my stoploss was placed at 0.8790. Let see how it goes.

Quoting jarroo
Nice one dat.
Nice to you too lyra. But I would use a smaller, tigher stop loss . .say 20 to 30 pips. That's just me.
Indicators show the past. Price Action "Indicates" the future.
  • #59,819
  • Apr 1, 2010 1:07pm Apr 1, 2010 1:07pm
Quoting jarroo
Nice one dat.
there's a little traffic above on 4H, if we can break trough then would be nice
  • #59,820
  • Edited 1:24pm Apr 1, 2010 1:12pm | Edited 1:24pm
Quoting datogio
there's a little traffic above on 4H, if we can break trough then would be nice
Yes sir . . .a nice ride to the moon.
Higher time frame traffic and PPZs still exist. Just protect yourself along your way to the stars my friend.
Indicators show the past. Price Action "Indicates" the future.
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