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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

  • #74,241
  • Sep 8, 2010 2:24am Sep 8, 2010 2:24am
Quoting mbqb11
...
up to the market now
aud has stayed bullish despite recent $ strength.
the trend (daily/weeklychart) from 0.8500ish looks intact... & looks like price is heading towards 0.98/0.99 area.
Let's see
  • #74,242
  • Sep 8, 2010 2:38am Sep 8, 2010 2:38am
Quoting Pinbar
I take it your Long entry was this weekly PB?

Yeah, it looks like the Monthly open and close being so close together were just too much for it.
yep, long on the weekly, i agree, 1.3150 turning into ppz,

had placed a similar trade with the eur / yen, still not activated, again it needs some solid support around the 1.0600, but my 1.0975 entry prob. wont get activated
  • #74,243
  • Sep 8, 2010 3:06am Sep 8, 2010 3:06am
Quoting roundrock
USDSGD H4 chart...
Quoting supremeChaos
looking exclusively at your chart...
usdsgd looks interesting.
..
minor PPZ seem to be 1.3470ish, 1.3450ish. i would like to see momentum through 1.3470ish
....
took this usdsgd.
1.3470 did break with (fairly good) momentum (my PPZ line was actually at 1.3475).... it pulled back to that area & much more momentum came in.
still have some positions on... may or may not reach/breach 1.3400.

it's my first trade on this pair. it's much less liquid than the majors, & pretty slow moving pair.
i might post a chart later, if my internet behaves

Many thanks for the heads up roundrock!! u rock!
  • #74,244
  • Sep 8, 2010 3:13am Sep 8, 2010 3:13am
It was good to see Jim posting here again! Didn't realise he drops in here sometimes nowadays..
Thank you j16!
  • #74,245
  • Sep 8, 2010 3:14am Sep 8, 2010 3:14am
Quoting supremeChaos
aud has stayed bullish despite recent $ strength.
the trend (daily/weeklychart) from 0.8500ish looks intact... & looks like price is heading towards 0.98/0.99 area.
Let's see
hmm .. another one im disagreeing on i dont think it'll get much passed the recent 92 highs before it starts its descent
  • #74,246
  • Sep 8, 2010 3:15am Sep 8, 2010 3:15am
Quoting supremeChaos
Many thanks for the heads up roundrock!! u rock!
This reminds me of

http://asset.soup.io/asset/0395/3061_9bc1.jpeg

Good day to everyone
  • #74,247
  • Sep 8, 2010 3:16am Sep 8, 2010 3:16am
Quoting Pinbar
Morning Jarroo..Hope your absence was just due to the thin market and not further PC problems.

Yes, I think that BEOP hit it's target FTA, 40 pips below the low.

Yeah . . a little bit of both . . . I went up North (to you New Yorkers, I went up State) . . .party on the Lake . . . . good times and big sky country up there.


Thought the BEOB Weekly Cad would hit at least the 1.0300 . .it still may do so.

That's the thing about PA at the top or bottom of consolidation, any point can be an FTA but the main target can be the other end of the consolidation (in this case the bottom) or PPZ or previous bar High or Low.
Indicators show the past. Price Action "Indicates" the future.
  • #74,248
  • Sep 8, 2010 3:22am Sep 8, 2010 3:22am
Quoting anderou
It was good to see Jim posting here again! Didn't realise he drops in here sometimes nowadays..
be sure to check his post history often to get updates


Quoting pipmyride
hmm .. another one im disagreeing on i dont think it'll get much passed the recent 92 highs before it starts its descent
no problem, Sir.
is that view for the short term or long term?


Quoting mihazupan1
This reminds me of
....

very nice!! thanks for sharing..
good day to u too
  • #74,249
  • Sep 8, 2010 3:37am Sep 8, 2010 3:37am
Quoting supremeChaos
is that view for the short term or long term?
well i'd have to know wot short and long term is to you
  • #74,250
  • Edited 4:12am Sep 8, 2010 3:56am | Edited 4:12am
Quoting mbqb11
most asked question of my email box today was aud/cad off .9500

Notice we had a beob a few days ago swing high that could NOT close below .9500....
I'm in this one, set my buy stop before I went to bed last night and it got triggered in the asian session.

In hindsight I see there's also a bearish divergence so I'll be getting this one to B/E very soon.

*EDIT* - At B/E now, not taking any chances with this one
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Anything can happen.
  • #74,251
  • Sep 8, 2010 4:31am Sep 8, 2010 4:31am
Hmm interesting ... quite small i know ...
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  • #74,252
  • Sep 8, 2010 4:36am Sep 8, 2010 4:36am
Quoting pipmyride
Hmm interesting ... quite small i know ...
and heavy traffic...
tight stop needed.
meine augen sind die sterne
  • #74,253
  • Sep 8, 2010 4:41am Sep 8, 2010 4:41am
Quoting aserbfx
and heavy traffic...
tight stop needed.
Plus strong downtrend and small pin
  • #74,254
  • Sep 8, 2010 4:52am Sep 8, 2010 4:52am
Yes but the difference between it and some of the ones i've seen recently:
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  • #74,255
  • Sep 8, 2010 5:07am Sep 8, 2010 5:07am
1H-DBHLC-pattern off a yesterday's intraday low @ 8271 and TL, took an entry at the break below PPZ @ 8250-ish for a continuation of the downtrend. FTA would be @ the high of daily bar of august 27-th @ 8230-ish. I'am aiming for a ADR, so final target would be around 8200.
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Pipcrawler
  • #74,256
  • Sep 8, 2010 5:11am Sep 8, 2010 5:11am
Quoting ddinnov
I'm in this one, set my buy stop before I went to bed last night and it got triggered in the asian session.

In hindsight I see there's also a bearish divergence so I'll be getting this one to B/E very soon.

*EDIT* - At B/E now, not taking any chances with this one
I like your trade. You got the trend on your side, and the bears that entered on the retracement probably have thinned out liquidity above the .96 level by setting their SL buy orders there (or at .92 on USDCAD for that matter). Therefore, I expect that if price breaks that level you will see a continuation of the trend.
Good luck managing this trade!
The nail that sticks out gets hammered back in
  • #74,257
  • Sep 8, 2010 5:12am Sep 8, 2010 5:12am
Quoting pipmyride
Yes but the difference between it and some of the ones i've seen recently:
has it closed above 1.0100?
u seemed to have overlooked that area --- a RN.
1.0100 - 1.0140 is possible traffic area
not a strong PA like others said.
so careful
  • #74,258
  • Sep 8, 2010 5:20am Sep 8, 2010 5:20am
Hey SC and roundrock, your USD/SGD trade is working out nicely. Congrats.

On the daily TF, nice DBHLC is forming. If the day manages to end like this, tomorrow will be some easy pips. Also, this pair is making all-time low.
  • #74,259
  • Sep 8, 2010 5:21am Sep 8, 2010 5:21am
Speaking about small PB's, on the 4H-TF of the U-J a small PB at the all time low did its job great, although small and in an massive downtrend, price made it to the FTA around the previous daily high @ 8390-ish.
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Pipcrawler
  • #74,260
  • Sep 8, 2010 5:32am Sep 8, 2010 5:32am
Quoting The Lord
...
On the daily TF, nice DBHLC is forming.....
thanks for the heads up!
DBHLC from which broker?
Oanda has a daily PB (Sept.7 bar).
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