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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

  • #61,821
  • Apr 25, 2010 10:51pm Apr 25, 2010 10:51pm
Quoting Dan Gilbert
while on the subject of touch trades, throw a fib retracement on the most recent swing down on EURUSD, and look where that 61.8 lines up with...............

Yes the 1.34 is showing some good Res at that level.
Indicators show the past. Price Action "Indicates" the future.
  • #61,822
  • Apr 25, 2010 10:53pm Apr 25, 2010 10:53pm
Quoting jarroo
lol Good point Dan. The touch trade does show important levels (locations) so I don't mind the touch trade charts.


Nice one at the 1.64, Res turning into Sup. 1.65 . . Res turning into Sup.

Will the 1.66 follow in the same foot steps, we shall see.
My crude futures weekly pin already cracked north! we shall see how this plays out

I'm a newby-noob on futures, I love the idea of expanding my knowledge into commodities, they fascinate me.
Many choose unhappiness over uncertainty.
  • #61,823
  • Apr 25, 2010 10:57pm Apr 25, 2010 10:57pm
Quoting jarroo
Yes the 1.34 is showing some good Res at that level.
we are looking at something different...
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Many choose unhappiness over uncertainty.
  • #61,824
  • Apr 25, 2010 11:08pm Apr 25, 2010 11:08pm
Quoting Dan Gilbert
we are looking at something different...
I see. Nice. I had it from here.
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Indicators show the past. Price Action "Indicates" the future.
  • #61,825
  • Apr 25, 2010 11:26pm Apr 25, 2010 11:26pm
wish sumone can tells me is that the gbp/jpy will bulls up or will reverse to bearish downturn...? helppp. Any trading ideas can share..?
  • #61,826
  • Apr 25, 2010 11:36pm Apr 25, 2010 11:36pm
Quoting neuromaxis
wish sumone can tells me is that the gbp/jpy will bulls up or will reverse to bearish downturn...? helppp. Any trading ideas can share..?
I wish too, if someone could tell me.
.
  • #61,827
  • Apr 25, 2010 11:50pm Apr 25, 2010 11:50pm
Quoting Dan Gilbert
we are looking at something different...
Hoping its going to 1.3500 (PPZ and MAJOR fib ret X4)

1.345 is also good i think
  • #61,828
  • Apr 26, 2010 12:27am Apr 26, 2010 12:27am
Quoting jarroo
I see. Nice. I had it from here.
How about retracement back to 280ish.

Btw i think momentum is nicely building up for a hard break,

either up or down.
.
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  • #61,829
  • Apr 26, 2010 12:35am Apr 26, 2010 12:35am
Quoting nasir.khan
How about retracement back to 280ish.

Btw i think momentum is nicely building up for a hard break,

either up or down.
.
Yeah, It sure likes hanging around the 1.34. May it forgot to kiss the 1.3500 goodbye and is heading back up there. We shall see.
Indicators show the past. Price Action "Indicates" the future.
  • #61,830
  • Apr 26, 2010 1:03am Apr 26, 2010 1:03am
You have your 500 Dan.

g.
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I believe . . .
  • #61,831
  • Apr 26, 2010 1:15am Apr 26, 2010 1:15am
0.7200 a good location to look for PA...
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  • #61,832
  • Apr 26, 2010 1:36am Apr 26, 2010 1:36am
Quoting nasir.khan
How about retracement back to 280ish.

Btw i think momentum is nicely building up for a hard break,

either up or down.
.

Looks like it made up its mind. 1.33 or 1.3280ish looks good. Let me guess . . with the trend.
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Indicators show the past. Price Action "Indicates" the future.
  • #61,833
  • Apr 26, 2010 1:50am Apr 26, 2010 1:50am
Break above RN 67.00
look for PA at retest of PPZ

Anything i have miss out?
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  • #61,834
  • Apr 26, 2010 1:56am Apr 26, 2010 1:56am
Quoting skinfx
Break above RN 67.00
look for PA at retest of PPZ

Anything i have miss out?

Looks good. I'm doing the same with the Gbp/Jpy at the 145.00.
(drawn PB is actual size. lol)
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Indicators show the past. Price Action "Indicates" the future.
  • #61,835
  • Apr 26, 2010 1:58am Apr 26, 2010 1:58am
Quoting jarroo
Looks like it made up its mind. 1.33 or 1.3280ish looks good. Let me guess . . with the trend.
Hehee.

But this PPZ @ 330 has spoiled the hard break. I think there will be a bounce of some 20-30 pips @ 280 (if price can touch it) if not a complete reversal cause its a nice head & shoulder too.

On the other hand Ej is has gone good. There was this PB (proxy i think) and when i saw price going up against it i checked weekly and monthly and found the show stopper PPZ .lol
.
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  • #61,836
  • Apr 26, 2010 2:07am Apr 26, 2010 2:07am
Quoting bundyraider
LOL. Call someone a sponge in our neighborhood and you'll end up with a fat lip.
....
sponge as in definition 6 & 7 here, perhaps...
ok, i'll just call the quick learners "Poriferans" instead.
  • #61,837
  • Apr 26, 2010 2:08am Apr 26, 2010 2:08am
1.0000 was a really strong support, with exception for Nov07, and a few failed breaks a couple of months after.

Will this CT divergence reverse the long term bearish trend? Or will it head south past 1.0000 along with the trend?? There's a BEOVB in weekly chart which further complements the trend...

Any input?

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  • #61,838
  • Apr 26, 2010 2:12am Apr 26, 2010 2:12am
Quoting nasir.khan
Hehee.

But this PPZ @ 330 has spoiled the hard break. I think there will be a bounce of some 20-30 pips @ 280 (if price can touch it) if not a complete reversal cause its a nice head & shoulder too.

On the other hand Ej is has gone good. There was this PB (proxy i think) and when i saw price going up against it i checked weekly and monthly and found the show stopper PPZ .lol
.
Yes, your yellow line at the 126.00 would be a proxy left eye for that PB.
Indicators show the past. Price Action "Indicates" the future.
  • #61,839
  • Apr 26, 2010 2:17am Apr 26, 2010 2:17am
Quoting fxeturn
1.0000 was a really strong support, with exception for Nov07, and a few failed breaks a couple of months after.

Will this CT divergence reverse the long term bearish trend? Or will it head south past 1.0000 along with the trend?? There's a BEOVB in weekly chart which further complements the trend...

Any input?

Attachment
Dont think its a BEOVB on the weekly as it needs to close below previous low? I have a sell stop just below the daily pin....
  • #61,840
  • Apr 26, 2010 2:21am Apr 26, 2010 2:21am
Quoting jarroo
Looks good. I'm doing the same with the Gbp/Jpy at the 145.00.
(drawn PB is actual size. lol)

nice drawing...lol
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