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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

  • #65,521
  • Jun 4, 2010 4:35am Jun 4, 2010 4:35am
Quoting jarroo
You got a Man-crush bundy. lol
lol

My line backfired. lol
Bundy's status today: "Waiting..."
  • #65,522
  • Jun 4, 2010 4:39am Jun 4, 2010 4:39am
Forgot it was a start of the month Friday. Should just go to the pub.
Bundy's status today: "Waiting..."
  • #65,523
  • Jun 4, 2010 4:51am Jun 4, 2010 4:51am
Quoting jeurre
i was thinking a combination of candlestick, it has the meaning of "attack" , actually another form of continuation, but, highly explicit expression of trader's action, you can see it in the chart....
most likely, something similar (more or less) to what u have drawn exist on the lower timeframe (H1 &/or H4)
  • #65,524
  • Jun 4, 2010 5:02am Jun 4, 2010 5:02am
I am reading through the Fiji Psychology section.... I seem to look in the mirror.

Patience is essential
  • #65,525
  • Jun 4, 2010 5:29am Jun 4, 2010 5:29am
just an association inspired by jarroo's innovative thinking process, i love his style. the thing is i have too many garbage in mind, so, more obstacle to get the precision, then the simplicity.

how is your weekend plan? maybe more simulation, i guess.

while talking to you, i caught the last one this week. i need to watch it closely in case turning against me

Quoting supremeChaos
most likely, something similar (more or less) to what u have drawn exist on the lower timeframe (H1 &/or H4)
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  • #65,526
  • Jun 4, 2010 5:47am Jun 4, 2010 5:47am
jeurre,
yes, practice & family time on weekends.

your gold trade was based on what?
manage it well.
  • #65,527
  • Jun 4, 2010 5:51am Jun 4, 2010 5:51am
Long Term PPZ coinciding with a 4H PPZ +TL

Will it hold or not ,

GOLD

50 FIB + PPZ + a weird TL

Lets see.....
.
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  • #65,528
  • Jun 4, 2010 6:18am Jun 4, 2010 6:18am
Quoting jarroo
You got a Man-crush bundy. lol
rofl
  • #65,529
  • Jun 4, 2010 9:30am Jun 4, 2010 9:30am
Can anybody explain why USD rallies when NFP results is worsed than expected? I thought it was suppose to be bad news and detrimental to US dollars.

I am totally not a fundie guy. Any possible reasons?
Thanks.

CY
  • #65,530
  • Jun 4, 2010 9:40am Jun 4, 2010 9:40am
it was a breakout of BEB close. yes, I closed half position on th FTA and moved the rest to BE, so, basically, it was not a bad trade. thanks

jeurre

Quoting supremeChaos
jeurre,
yes, practice & family time on weekends.

your gold trade was based on what?
manage it well.
  • #65,531
  • Jun 4, 2010 9:41am Jun 4, 2010 9:41am
Quoting ertorque
Can anybody explain why USD rallies when NFP results is worsed than expected? I thought it was suppose to be bad news and detrimental to US dollars.

I am totally not a fundie guy. Any possible reasons?
Thanks.

CY

I was thinking the exact same thing
  • #65,532
  • Jun 4, 2010 9:42am Jun 4, 2010 9:42am
Maybe NZD/USD is starting to show it's true direction.
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  • #65,533
  • Edited 10:37am Jun 4, 2010 10:21am | Edited 10:37am
Quoting ertorque
Can anybody explain why USD rallies when NFP results is worsed than expected? I thought it was suppose to be bad news and detrimental to US dollars.

I am totally not a fundie guy. Any possible reasons?
Thanks.

CY
The EUR tanked against the dollar because the Swiss National Bank stop intervening in the EUR/CHF.
This was invitation to short this pair and it tanked with no CB intervention.

Now as we all know one currency is connected to the other.
So with EUR crashing out against CHF, so it follows it will with USD.
There being billions of shorting fingers itching to press their sell button in EUR/USD if given the nod. The Gnomes nodded and down goes EUR/USD - so down go all the EUR crosses.
But this then interacts with all the other currencies.
Then everyone gets scared - the EUR is finished, WWIII is coming etc.
So there is risk avoidance - currencies traditionally seen as risky like CAD, AUD, NZD tank.
These currencies in EUR crosses appreciated when SNB stopped supporting EUR but minutes later went the opposite way.

Gold has been especially volatile and surprisingly fell $25 to 1200.

All crazy now.

The employment figures have help kill the Dow - it is down 225 points, but it is Europe that is weighing heaviest on the system. Oil is down $3....
Nothing has escaped the turmoil.
Oh I think the price of pork scratchings (cracklings) is the same.
  • #65,534
  • Jun 4, 2010 10:24am Jun 4, 2010 10:24am
Wooow, I decided to take the day off today because it's Friday + NFP + It's my brithday () But looks like I missed one of my favorite style setups


Short CHF/JPY,
Huge relative BEOB (Thanks to news announcement) Closed (just) below BRN 80.00, Divergance. Clearly defined trouble areas, Would have been targeting the 79.00 area.
Hope someone caught this

Have a great weekend everyone,

J
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  • #65,535
  • Jun 4, 2010 10:54am Jun 4, 2010 10:54am
Is this a beautiful thing or what? I knew the Euro wanted to break for 1.2000 so found the best setup of EU pairs (EU/JP) set my limits last night and woke up to a lovely 250pip present today.

Here is some nice Forex Porn for ya on a Friday!
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  • #65,536
  • Jun 4, 2010 12:03pm Jun 4, 2010 12:03pm
what do you guys think about this pinbar?
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meine augen sind die sterne
  • #65,537
  • Jun 4, 2010 12:06pm Jun 4, 2010 12:06pm
Quoting aserbfx
what do you guys think about this pinbar?
Hey A

Beautiful area, but such a tiny bar at this time of day after such a huge move down makes me think profit taking. Again some people will ride those back up for a quick move, but those make me
  • #65,538
  • Jun 4, 2010 12:12pm Jun 4, 2010 12:12pm
Quoting EasySt
Is this a beautiful thing or what? I knew the Euro wanted to break for 1.2000 so found the best setup of EU pairs (EU/JP) set my limits last night and woke up to a lovely 250pip present today.

Here is some nice Forex Porn for ya on a Friday!
I have sat and watched the EURUSD fall 3,000 pips and didn't make a single pip off of it.

After 3 years, seeing something like, tells me I have A LOT of work to do. A lot of it is probably pyschological.
  • #65,539
  • Jun 4, 2010 12:23pm Jun 4, 2010 12:23pm
Quoting aserbfx
what do you guys think about this pinbar?

That looks like a nice bar. Not too small at all. Great size. Great close. Trade what you see not what you think. (or what others think)
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  • #65,540
  • Jun 4, 2010 12:24pm Jun 4, 2010 12:24pm
Quoting 4X=0
That looks like a nice bar. Not too small at all. Great size. Great close. Trade what you see not what you think. (or what others think)
if it never breaks, no harm. if it does break up manage your risk accordingly.
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