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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

  • #69,521
  • Jul 22, 2010 9:13pm Jul 22, 2010 9:13pm
Quoting Pinbar
Oh, you are looking for a long setup. I thought you were looking to short this, and was wondering why. Lol

Thanks Jaroo

Can't get it together this week, just too hot to concentrate and the Air Cnditioning kind of spaces me out. Also because of the heat, I have to use my laptop which is extremely tiring on the eyes compared to the desktop.

I think I am back to videos.



I want my desktop PC back!
Well, I would like to see more bullish PA off the 130.00 just for the fact of what Price did at this level in the past . . .to the moon. But I'm not ruling out a break downward off the 130.00 . .Price sure is trending that way.


Start those sprinklers up again . .lol
Indicators show the past. Price Action "Indicates" the future.
  • #69,522
  • Jul 22, 2010 9:14pm Jul 22, 2010 9:14pm
Quoting Pinbar
Oh, you are looking for a long setup. I thought you were looking to short this, and was wondering why. Lol

Thanks Jaroo

Can't get it together this week, just too hot to concentrate and the Air Cnditioning kind of spaces me out. Also because of the heat, I have to use my laptop which is extremely tiring on the eyes compared to the desktop.

I think I am back to videos.




1 PM and already 39.9 C in the SHADE! I want my desktop PC back!
we get up to 46 C where I'm at.... today it was 37.5 and it felt pretty cool outside lol!
Many choose unhappiness over uncertainty.
  • #69,523
  • Jul 22, 2010 9:19pm Jul 22, 2010 9:19pm
Quoting mbqb11
The FTA is where my orange small line is prior to 1.6. Those bar lows could easily hold price back down with that type of bar. Does it mean it will? I have no clue, but if it does I wouldn't be at all surprised.

These you need to be careful with

Mike
Thanks, I just looked at those 2 previous bars and thought that level was weakened because of the way they blew thru it.
  • #69,524
  • Jul 22, 2010 9:23pm Jul 22, 2010 9:23pm
Quoting spookie94
Thanks, I just looked at those 2 previous bars and thought that level was weakened because of the way they blew thru it.
Those previous 2 bars below 1.6 indicated a previous level of demand where buyers are willing to come in, previous demand levels will often turn to supply(selling levels). This is of course a minor area(a large ppz would be a major area). But a small poor bar leads to the conclusion where minor levels are more likely in the long run to play a role.

Hope that helps
Mike
  • #69,525
  • Jul 22, 2010 9:32pm Jul 22, 2010 9:32pm
Quoting Dan Gilbert
Just needed that positive euro news to push it off for me

I love trades that don't take more than 8 hrs
So I guess negative euro news you would have had a nice trade on the other side. Sounds like you had a win-win situation.
Indicators show the past. Price Action "Indicates" the future.
  • #69,526
  • Jul 22, 2010 9:53pm Jul 22, 2010 9:53pm
Quoting jarroo
Sounds like you had a win-win situation.
every trade is a win-win with money management and your own criteria!
Many choose unhappiness over uncertainty.
  • #69,527
  • Jul 22, 2010 10:49pm Jul 22, 2010 10:49pm



Quoting pipmyride
That wasnt so hard
  • #69,528
  • Jul 22, 2010 11:00pm Jul 22, 2010 11:00pm
Quoting aserbfx
something big forming on gbp/chf...
got stopped at BE +1 with this trade...
moved stopp to early, i think...
meine augen sind die sterne
  • #69,529
  • Jul 23, 2010 1:13am Jul 23, 2010 1:13am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Good of you to show up Jim.
I have seen the enemy, and it is me.
  • #69,530
  • Jul 23, 2010 1:32am Jul 23, 2010 1:32am
Quoting aserbfx
got stopped at BE +1 with this trade...
moved stopp to early, i think...
ye its started to move now

16100?
  • #69,531
  • Jul 23, 2010 1:41am Jul 23, 2010 1:41am
Quoting mistersimple
ye its started to move now

16100?
i hope you are still in...
meine augen sind die sterne
  • #69,532
  • Jul 23, 2010 1:54am Jul 23, 2010 1:54am
Hope to close today this trade just below 0.9 PPZ, and enjoy the weekend.
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Trading: the skill of avoiding trades
  • #69,533
  • Jul 23, 2010 2:05am Jul 23, 2010 2:05am
Quoting aserbfx
i hope you are still in...
ye but i hesitate to close it near 1.61 or to let it run even higher next week
  • #69,534
  • Jul 23, 2010 2:10am Jul 23, 2010 2:10am
your thoughts on eur/nzd h4?
  • #69,535
  • Jul 23, 2010 2:27am Jul 23, 2010 2:27am
nzdusd h4 not a very friendly pb (forming..)for long players ...however eurusd doesnt seem to go south..
  • #69,536
  • Jul 23, 2010 2:34am Jul 23, 2010 2:34am
Quoting mistersimple
nzdusd h4 not a very friendly pb (forming..)for long players ...however eurusd doesnt seem to go south..
Hello mistersimple,

NZD/USD and EUR/USD may take some time to go south - if and when they do.

I'm short NZD/USD myself due to the Weekly PB, and as of yet we have not yet had a big enough reversal signal for the EUR/USD - I was expecting it to move a little higher first myself, or it may form some other pattern yet, so lets see what happens.
In retrospect we learn. In perspective we earn.
  • #69,537
  • Jul 23, 2010 2:36am Jul 23, 2010 2:36am
Quoting mistersimple
your thoughts on eur/nzd h4?
The possible (still 20 mins to go) H4 BUOB (looks like an outside pin bar) looks interesting and with some nice confluence.

The 17840/50 level is your first obstacle.
In retrospect we learn. In perspective we earn.
  • #69,538
  • Jul 23, 2010 2:58am Jul 23, 2010 2:58am
tp2 hit now i m free...need comments
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 22 july nu buvbj16pic.gif Size: 14 KB
Click to Enlarge Name: 23 july nu buvbj16pic trget hit 2.gif Size: 13 KB
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  • #69,539
  • Edited 3:26am Jul 23, 2010 3:05am | Edited 3:26am
Quoting Muhammad989
tp2 hit now i m free...need comments
Hello Muhammad989,

Good entry and TP1, but according to my feed (and your pic above) its still short of TP2. The reason I mentioned my NZD/USD sell trade earlier was because your trade may not have hit all of its TP's (target price levels).

The levels 07240 or 07270 may have been better in my opinion for the final part of your trade which mihazupan1 mentioned here

I suggest you make a decision now based on the "overall picture" (factoring everything you know about this position) and the way price is moving at the moment. Try and avoid giving money back unless you are playing a retracement / swing in a trend that you can see continuing. Trade what you SEE not what you THINK.

The choice though must be yours.
In retrospect we learn. In perspective we earn.
  • #69,540
  • Jul 23, 2010 3:38am Jul 23, 2010 3:38am
Quoting Muhammad989
tp2 hit now i m free...need comments
Amazing trade.

You read that one to perfection.

g.
I believe . . .
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