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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

  • #69,221
  • Jul 20, 2010 12:50pm Jul 20, 2010 12:50pm
Quoting Adilius07
Hey PPFX, thanks!! I was thinking to make a spreadsheet but this one is even better! Thanks a lot!
This spreadsheet might be useful Adilius07.
Attached File(s)
File Type: xls stake_calc.xls   26 KB | 529 downloads
In retrospect we learn. In perspective we earn.
  • #69,222
  • Jul 20, 2010 12:56pm Jul 20, 2010 12:56pm
Quoting fx_heaven
This spreadsheet might be useful Adilius07.
Fx_Heaven, thanks! Super cool!!!
Looks exactly as what I need!!!
  • #69,223
  • Jul 20, 2010 1:03pm Jul 20, 2010 1:03pm
Quoting Adilius07
Hey PPFX, thanks!! I was thinking to make a spreadsheet but this one is even better! Thanks a lot!
you're welcome this site helped me a lot in the past when i was to lazy to do the calcs by myself
  • #69,224
  • Jul 20, 2010 2:59pm Jul 20, 2010 2:59pm
Quoting fx_heaven
This spreadsheet might be useful Adilius07.
i took a look at your spreadsheet and its amazing thanks for sharing now i will know exactly how much i can earn from a trade
  • #69,225
  • Jul 20, 2010 3:10pm Jul 20, 2010 3:10pm
super big GBPCHF ipb => if we consider thst euro go down.. => gbpchf down?
  • #69,226
  • Jul 20, 2010 3:23pm Jul 20, 2010 3:23pm
Im dreaming of the day when i can play a 1.0 lot.
  • #69,227
  • Jul 20, 2010 3:25pm Jul 20, 2010 3:25pm
Like the space to run down, in case previous IB breaks.
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Trading: the skill of avoiding trades
  • #69,228
  • Jul 20, 2010 3:26pm Jul 20, 2010 3:26pm
Quoting cvcamper
Just FYI

Posted Here
cvcamper, I've also been following the AUD/CAD as I took the PB from 9150 down to 8800, then we go that weekly PB and everything reversed.

I've been waiting for this retracement / pullback. Not sure about the FIB levels though as the consolidation pattern could be technically the start of the last swing, but the S/R levels appear strong none the less.

Price is in a wedge so should get squeezed out, would be nice if we got a nice big signal....like a PB.......

Lets wait and see......
In retrospect we learn. In perspective we earn.
  • #69,229
  • Jul 20, 2010 3:42pm Jul 20, 2010 3:42pm
buob on ym daily.
fta is about 200 points away.
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meine augen sind die sterne
  • #69,230
  • Jul 20, 2010 4:10pm Jul 20, 2010 4:10pm
looks like there is a war...upside looks better. ooh well until the break of that huge ib...
Attached Image
Respect a man, and he will do all the more.
  • #69,231
  • Jul 20, 2010 4:18pm Jul 20, 2010 4:18pm
Quoting urchman
looks like there is a war...upside looks better. ooh well until the break of that huge ib...
yep we have quite a few pairs that are in some tight consolidation that once broken should give us some nice moves
  • #69,232
  • Jul 20, 2010 4:31pm Jul 20, 2010 4:31pm
  •  jdl
  • | Joined Oct 2006 | Status: going to master this or die trying | 101 Posts
I'm using NY close for daily, so new bars are here. I see a couple of PA setups, none look promising to my newbie eyes. Am I missing something? Thanks in advance for a sanity check.

Pros: BEOB

Cons: Doesn't really break out of traffic area so not a lot of room to roam. Now hitting 150 EMA support, 50 EMA support is below that. Hasn't cleared big green bar a couple days ago.
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  • #69,233
  • Jul 20, 2010 4:33pm Jul 20, 2010 4:33pm
Quoting jdl
I'm using NY close for daily, so new bars are here. I see a couple of PA setups, none look promising to my newbie eyes. Am I missing something? Thanks in advance for a sanity check.

Pros: BEOB

Cons: Doesn't really break out of traffic area so not a lot of room to roam. Now hitting 150 EMA support, 50 EMA support is below that. Hasn't cleared big green bar a couple days ago.
I agree with you JDL. I think these could give us some idea of some future direction possibly but standalone I can't see pulling the trigger, going to see what tomorrow shapes up too

Mike
  • #69,234
  • Jul 20, 2010 4:40pm Jul 20, 2010 4:40pm
  •  jdl
  • | Joined Oct 2006 | Status: going to master this or die trying | 101 Posts
Here's is another one. This newbie says it is fails our criteria for a trade. Thanks for any feedback.

Pros: Nice pinbar shape, long tail, open and close near end.

Cons: A lot of traffic to the left of it. Not at a swing low. Possible resistance above around 1.6100 (BRN). Bigger trend has been down, so against the trend.
Attached Image (click to enlarge)
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  • #69,235
  • Jul 20, 2010 4:47pm Jul 20, 2010 4:47pm
Quoting jdl
Here's is another one. This newbie says it is fails our criteria for a trade. Thanks for any feedback.

Pros: Nice pinbar shape, long tail, open and close near end.

Cons: A lot of traffic to the left of it. Not at a swing low. Possible resistance above around 1.6100 (BRN). Bigger trend has been down, so against the trend.

Yes, me too is going to take this trade.
I don't think traffic is the problem here as I see FTA @1.6164.
My entry would be 1.6100
  • #69,236
  • Jul 20, 2010 5:02pm Jul 20, 2010 5:02pm
Quoting mbqb11
yep we have quite a few pairs that are in some tight consolidation that once broken should give us some nice moves
Thanks Sir,Good to know that im not alone...
Respect a man, and he will do all the more.
  • #69,237
  • Jul 20, 2010 5:36pm Jul 20, 2010 5:36pm
Hiya, I took this trade long gbp chf mainly because of the wkly support and the strong close in other markets.
I tried to get into gbp/jpy but got stopped out(yesterday)

I have to be honest i missed the 1 hour pin bar on this pair, but managed to hop on board a little later on.

I am looking for it to break 6100, then maybe reload.. Or of course it could go south and I get stopped out.......... again!

cheers rev star


Quoting mistersimple
super big GBPCHF ipb => if we consider thst euro go down.. => gbpchf down?
Attached Image (click to enlarge)
Click to Enlarge Name: wkly supportgbpchf.gif Size: 18 KB
  • #69,238
  • Edited 5:55pm Jul 20, 2010 5:44pm | Edited 5:55pm
Quoting jdl
Here's is another one. This newbie says it is fails our criteria for a trade. Thanks for any feedback.

Pros: Nice pinbar shape, long tail, open and close near end.

Cons: A lot of traffic to the left of it. Not at a swing low. Possible resistance above around 1.6100 (BRN). Bigger trend has been down, so against the trend.
jdl

If you zoom out to the weekly price has been moving sideways and the 15850 (the level price is potentially poised to move away from) has been solid support for some time, so you could actually look at it as a low swing point inside this sideways move.

We don't have any reversal / bullish signals on larger time frames yet, but price does look like an inverted H&S, which may hint at a bullish move and the PB appears to be formed at the right shoulder of the inverted H&S.

Price has also been a little choppy as of late.

The 16090 (price has failed to close over this level for a while) and 16160 and 16215 could be the immediate problem levels though which are very close to current price so trade cautiously.
In retrospect we learn. In perspective we earn.
  • #69,239
  • Jul 20, 2010 6:43pm Jul 20, 2010 6:43pm
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GBP/AUD is on an interesting area. Let's see what it brings us to.
  • #69,240
  • Jul 20, 2010 7:00pm Jul 20, 2010 7:00pm
  •  jdl
  • | Joined Oct 2006 | Status: going to master this or die trying | 101 Posts
Quoting Revstar
Hiya, I took this trade long gbp chf mainly because of the wkly support and the strong close in other markets.
I tried to get into gbp/jpy but got stopped out(yesterday)

I have to be honest i missed the 1 hour pin bar on this pair, but managed to hop on board a little later on.

I am looking for it to break 6100, then maybe reload.. Or of course it could go south and I get stopped out.......... again!

cheers rev star
Thanks revstar (and others) who provided feedback. This feedback loop to discuss trade setups is very helpful. It reminds me of doctors crowded around an x-ray, each seeing something new and interesting. I'm not in the trade but I hope it goes well for you.
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