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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

  • #70,081
  • Jul 29, 2010 5:25am Jul 29, 2010 5:25am
Quoting supremeChaos
Hahah.. cant wait for the breakout, huh? trading before the breakout happens...
nothing wrong with that.
Triple top, weekly PPZ, DIV, kind of IPB shape, small risk...too many ingredients to wait for a BO+PB to the other side.
Trading: the skill of avoiding trades
  • #70,082
  • Jul 29, 2010 5:37am Jul 29, 2010 5:37am
Quoting eswap0
Triple top, weekly PPZ, DIV, kind of IPB shape, small risk...too many ingredients to wait for a BO+PB to the other side.
Totally agree. Nice setup.
Didn't play it cause IPB are not yet on my book.
Let's see if it reaches 1.6000.

I also like the AUDCAD setup that jaroo mentioned before. Just wasn't present by the time that BUOB formed on H4 (strong daily PPZ, round number and div).

Nos
  • #70,083
  • Jul 29, 2010 5:46am Jul 29, 2010 5:46am
Here Is Pb At 61 % retc i will be enter on Breakout it and 1st Tp will at the resistence area which is already mentioned.

Muhammad
Attached Image (click to enlarge)
Click to Enlarge Name: 29 july pb at 61 % bj sell.gif Size: 20 KB
FxHome
  • #70,084
  • Jul 29, 2010 5:56am Jul 29, 2010 5:56am
update chart
Attached Image (click to enlarge)
Click to Enlarge Name: 29 july pb at 61 % bj sell tp hitting.gif Size: 18 KB
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  • #70,085
  • Jul 29, 2010 5:57am Jul 29, 2010 5:57am
Quoting Muhammad989
Here Is Pb At 61 % retc i will be enter on Breakout it and 1st Tp will at the resistence area which is already mentioned.

Muhammad
Hi Muhammad989,

On your pic it should be resistance turns into support and we want the PB pointing in the other direction with the wick coming off the R=>S line ideally giving us clear water for a move up and support the current breakout.

As you have it, you have a swing right into some heavy resistance against the trend and breakout.

Not the ideal place as you are selling into potential traffic, so be careful.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_JPY_PB_2010-07-29 12-00.png Size: 17 KB
In retrospect we learn. In perspective we earn.
  • #70,086
  • Jul 29, 2010 6:05am Jul 29, 2010 6:05am
Thnx FOr the comments i will improve step by step


Quoting fx_heaven
Hi Muhammad,

On your pic it should be resistance turns into support and we want the PB pointing in the other direction with the wick coming off the R=>S line ideally giving us clear water for a move up and support the current breakout.

As you have it, you have a swing right into some heavy resistance against the trend and breakout.

Not the ideal place as you are selling into potential traffic, so be careful.
FxHome
  • #70,087
  • Jul 29, 2010 6:29am Jul 29, 2010 6:29am
gbpchf mini uptrend vs. trend exhaustion

result:
trend exhaustion = 1 point
with a dose of patience & persistence, exhaustion gave way to the price drop.
i think other gbp crosses moved down too

H1 MACD bearish divergence
H3 (Oanda) BEOB right at 1.6500 RN. in FXDD, H4 shows a PB looking BEOB (like the ones seen here & here)
4 blue horizontal lines were/are the targets.
Attached Image (click to enlarge)
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Attached Image
  • #70,088
  • Jul 29, 2010 7:07am Jul 29, 2010 7:07am
chart update Tp 1 Hit Now set BE.....
Attached Image (click to enlarge)
Click to Enlarge Name: 23 july nu buvbj16pic trget hit 2.gif Size: 13 KB
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  • #70,089
  • Jul 29, 2010 7:11am Jul 29, 2010 7:11am
Updtae Chart TP 1 hit now BE ....sorry for the sent wrong chart ..
Attached Image (click to enlarge)
Click to Enlarge Name: 29 july pb at 61 % bj sell tp hitt 2.gif Size: 22 KB
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  • #70,090
  • Jul 29, 2010 7:20am Jul 29, 2010 7:20am
Quoting Muhammad989
update chart

Muhamed989


What feed is that chart from?

This is my live FXDD feed and am just wondering where the low of that PB is on your chart. Was the close above the 136.00 or below it?

I am surprised you took that PB as it seems to be at a swing low rather than a swing high where we want to see bearish PA.

I am glad it broke for you though.
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  • #70,091
  • Jul 29, 2010 7:38am Jul 29, 2010 7:38am
Anyone else got their eye on the weekly and daily EU.
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  • #70,092
  • Jul 29, 2010 7:46am Jul 29, 2010 7:46am
Quoting Muhammad989
Updtae Chart TP 1 hit now BE ....sorry for the sent wrong chart ..
Have a look at the H4 PB now forming in the opposite direction as I described earlier - not complete yet - but this is the rejection we were expecting
In retrospect we learn. In perspective we earn.
  • #70,093
  • Jul 29, 2010 7:52am Jul 29, 2010 7:52am
CAD/CHF

Weekly - Could see a bearish continuation with the BEOB
Daily - Tram Track reversal pattern
H4 - Small box + BEOB breakout - also nice H&S with PA at right shoulder

Nice move down to first PPZ

Similar but a bit more traffic on AUD/CHF
Attached Image (click to enlarge)
Click to Enlarge Name: CAD_CHF_2010-07-29 13-48.png Size: 18 KB
In retrospect we learn. In perspective we earn.
  • #70,094
  • Jul 29, 2010 7:59am Jul 29, 2010 7:59am
Quoting Pinbar
Anyone else got their eye on the weekly and daily EU.
yes PinBar, been waiting for some nice bearish PA
In retrospect we learn. In perspective we earn.
  • #70,095
  • Jul 29, 2010 8:02am Jul 29, 2010 8:02am
since you've been sticking to weekly and daily how many setups did you have this month? real time? if you don't mind me asking.
  • #70,096
  • Jul 29, 2010 8:09am Jul 29, 2010 8:09am
Quoting fx_heaven
yes PinBar, been waiting for some nice bearish PA

Thanks for the reply FXH.

Practicing getting some patience ASAP. LOL
  • #70,097
  • Jul 29, 2010 8:10am Jul 29, 2010 8:10am
Quoting rafael
since you've been sticking to weekly and daily how many setups did you have this month? real time? if you don't mind me asking.

None, mainly because I missed them.
Otherwise, I would probably have had 2 or 3.

I think the waiting is a great aspect of trading but also it can make us miss a few.

As I am here in Japan, and the time difference seems to make the daily rather difficult to find the entry, by the time I get up at 8 am Japan time, many of the entries have gone past the FTA or the area I would have liked to have moved my SL to.

This is what is making the daily hard for me, the weekly will not be a problem though.
  • #70,098
  • Jul 29, 2010 8:23am Jul 29, 2010 8:23am
Quoting Pinbar
None, mainly because I missed them.
Otherwise, I would probably have had 2 or 3.

I think the waiting is a great aspect of trading but also it can make us miss a few.

As I am here in Japan, and the time difference seems to make the daily rather difficult to find the entry, by the time I get up at 8 am Japan time, many of the entries have gone past the FTA or the area I would have liked to have moved my SL to.

This is what is making the daily hard for me, the weekly will not be a problem though.
I know... I have to get up 2:30 am each morning ( 30 min before daily closes)... what else can we do?
  • #70,099
  • Jul 29, 2010 8:24am Jul 29, 2010 8:24am
Quoting Pinbar
None, mainly because I missed them.
Otherwise, I would probably have had 2 or 3.

I think the waiting is a great aspect of trading but also it can make us miss a few.

As I am here in Japan, and the time difference seems to make the daily rather difficult to find the entry, by the time I get up at 8 am Japan time, many of the entries have gone past the FTA or the area I would have liked to have moved my SL to.

This is what is making the daily hard for me, the weekly will not be a problem though.

i've been having a paralel study curve to yours
i can't find any trade lately so was just wondering,if i would find a setup i'd enter with a pending order. but it seems my TA has become worse i just cant keep a clear chart.
do you mind if i PM you?
  • #70,100
  • Jul 29, 2010 8:29am Jul 29, 2010 8:29am
No, sure you can PM me.

However, I think the seniors in in this thread will be able to give us a good solution or at least help to identify the problem.

I do not think we are alone in this experience Rafael.



I am also finding it harder and harder to find a clear entry.
this may be a phase people go through with analysis paralysis and perhaps, I am subconsciously missing them on purpose!
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