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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

  • #68,101
  • Jul 7, 2010 1:53pm Jul 7, 2010 1:53pm
Quoting cprao
Jarroo, I apologize for not posing the chart..so many times that leads to confusion. Here is the set-up I am talking about.. I believe you are also talking about the same.
Interesting where Price retraced before breaking the BUOB. Right at the still valid small PB.

I love when they retrace to the level(s) they're suppose to (lol) before they break.
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Indicators show the past. Price Action "Indicates" the future.
  • #68,102
  • Jul 7, 2010 2:11pm Jul 7, 2010 2:11pm
Quoting jeurre
excellent spot, bro, you win, i just noticed the setup worked out as you expected, congratulations !!
So did you take (demo) the Aud/Sgd Daily BUOB?

Worked out real nice.
Attached Image(s) (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #68,103
  • Jul 7, 2010 2:12pm Jul 7, 2010 2:12pm
i need another advice..
GOLD chart

weekly pb is forming .. on lower already bullish pa...
reverse hs? => long on breakout?
  • #68,104
  • Jul 7, 2010 2:16pm Jul 7, 2010 2:16pm
Quoting mistersimple
i need another advice..
GOLD chart

weekly pb is forming .. on lower already bullish pa...
reverse hs? => long on breakout?
Hey MS

There was a 1hr BUOB + divg that is working out real nice. I would be waiting though if you missed this for the next potential signal.
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  • #68,105
  • Jul 7, 2010 2:20pm Jul 7, 2010 2:20pm
Quoting mistersimple
i need another advice..
GOLD chart

weekly pb is forming .. on lower already bullish pa...
reverse hs? => long on breakout?
Let's wait until that Weekly and Daily closes, then we'll have a look.

Nice BUOB on the 4 hour at a swing low.
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #68,106
  • Jul 7, 2010 2:23pm Jul 7, 2010 2:23pm
Quoting mbqb11
Hey MS

There was a 1hr BUOB + divg that is working out real nice. I would be waiting though if you missed this for the next potential signal.
jinx


Forgot the divergence on the 4 hour.
Indicators show the past. Price Action "Indicates" the future.
  • #68,107
  • Jul 7, 2010 2:31pm Jul 7, 2010 2:31pm
Quoting Atc
This is what I get for sleeping!!! Please somebody hit me

4hr BEOB swing high off BRN 1.5

8 H PB off swing high BRN 1.5

Daily off 150 ema at 1.5
Quoting jarroo
Nice one Atc. I saw that one too.

The Daily BEOB doesn't look too bad. A bit of traffic.

Hey Atc. . . . did you pull the trigger on the Daily Eur/Aud BEOB?

I know you're watching it.
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Indicators show the past. Price Action "Indicates" the future.
  • #68,108
  • Jul 7, 2010 2:46pm Jul 7, 2010 2:46pm
thanks.. missed.. was watching XOM
  • #68,109
  • Edited 3:28pm Jul 7, 2010 2:49pm | Edited 3:28pm
Another retrace to the previous bar high on the Gbp/Usd Daily BUOB at the 1.5070ish level.

Notice the weak break of the BUOB itself, welcome to Outside Bars that are not at their proper swing location, the opposite in fact in the case of this GU BUOB.


Can you image if this big BUOB bar was at a swing low . . .that would be nice.
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #68,110
  • Jul 7, 2010 3:21pm Jul 7, 2010 3:21pm
Quoting jarroo
jinx


Forgot the divergence on the 4 hour.
haha jeez how many cokes I owe you now
  • #68,111
  • Jul 7, 2010 3:36pm Jul 7, 2010 3:36pm
Quoting mbqb11
haha jeez how many cokes I owe you now
I think the cokes are on me . . .if I get close to a post of yours its probably because your posting at the same time in the PF . .lol

I gotta go . .my internet is bugging out on me again . .good thing I use stop losses . .lol
Indicators show the past. Price Action "Indicates" the future.
  • #68,112
  • Jul 7, 2010 4:15pm Jul 7, 2010 4:15pm
Quoting jarroo
Hey Atc. . . . did you pull the trigger on the Daily Eur/Aud BEOB?

I know you're watching it.
Oh yaaaa !

And took what I thought was a nice signal on NZD/JPY long 4h BUOB and 8 H PB ....off BRN 60.00

I had to take profits early due to work....still getting down how to "let it run"---trade management while not watching

Thanks to J16, you and all the seniors who help
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  • #68,113
  • Jul 7, 2010 4:24pm Jul 7, 2010 4:24pm
Quoting supremeChaos
Hello wargumby!
weclome!

i dont see any PA setup (FXPro).
possible to move down to 1.4700 - 1.4800 area (bar low/highs) for a retracement/consolidation (for now, sort of running out of steam like u said).

Keep posting
so sorry im a bit late on replying been a little busy with some birthday stuff but heres what i see on my ibfx/mt4 charting for the EUR/AUD daily.

2 months ago price hit 1.3925 low pt for the year after a ??? 6k down move bounced up wards over about a week aprox 1400 pts. then over another month moved down then back up almost 900 pts to 1.4929 where on july 1 and 2 it made a matching high. on july 3/4 it made another matching high but still failing to qualify as a dbhlc. then on july 5th a BEOVB that closed back beneath the 61.8% created my tracing fib from 1.5457 (may 20ths high that ended its 4-5 day rapid up swing) down to 1.3961 (june 22nd, the swing point of the latest up move). so assuming the down trend hadnt broken as the move failed to sustain its momentum through out the week i waited passed the 2 tops and got it right around the close of the BEOVB at 1.4786. up 165 pips atm.
  • #68,114
  • Jul 7, 2010 4:32pm Jul 7, 2010 4:32pm
Any one is thinking about taking this trade?

I got a pending on this.
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  • #68,115
  • Jul 7, 2010 4:55pm Jul 7, 2010 4:55pm
Quoting djmartymac
What do you guys think of this possible breakout situation in JNJ Daily. I havent looked at these very much but this kinda stood out. Any comment appreciated.

Well this did break out, but in the opposite direction! Back to the drawing board
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  • #68,116
  • Jul 7, 2010 5:12pm Jul 7, 2010 5:12pm
im long EurAud 1st tgt 1.47

UsdJpy: daily: PB?
but the huge PB 4 days ago is disturbing me... or is it proxy?

if long tgt => 90.00?
  • #68,117
  • Jul 7, 2010 5:19pm Jul 7, 2010 5:19pm
nope, i didn't, i have other trades to be managed, so, just keep sideline watching. you are good

Quoting jarroo
So did you take (demo) the Aud/Sgd Daily BUOB?

Worked out real nice.
  • #68,118
  • Jul 7, 2010 7:14pm Jul 7, 2010 7:14pm
Quoting mistersimple
im long EurAud 1st tgt 1.47 ...
Can you explain why?
Honestly, I'm interested.
  • #68,119
  • Jul 7, 2010 7:29pm Jul 7, 2010 7:29pm
Quoting Cyrus

I'd say I'm not THAT sure about EURAUD cause I don't understand the "story" behind it right now and... well, the technical picture isn't sufficiently compelling.
MAN. QUITE WRONG WASN'T I?
In 20/20, should have noticed the across the board BUOB (or BEOB) on the dailies for commodity currencies.... but I still don't quite see a proper reason for short EURAUD on a fundie basis, other than betting on a return of risk appetite which shoves AUD higher.

Learn learn... I honestly still wonder about the fundie-technical picture... guess it's saved my ass more times than I'd been right and my obsession is with capital preservation first...
One Mind, Any Market
  • #68,120
  • Jul 7, 2010 7:32pm Jul 7, 2010 7:32pm
Quoting Bemac
Can you explain why?
Honestly, I'm interested.
Ditto.
One Mind, Any Market
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