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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

  • #76,041
  • Sep 30, 2010 5:51am Sep 30, 2010 5:51am
Does anyone know whats happening to the pound? I mean i see a 100+ pips moves on GU, GJ, GC and there arent any GBP news
  • #76,042
  • Sep 30, 2010 5:55am Sep 30, 2010 5:55am
Quoting LiuLangZe
Thx for the response ppfx! Am I right to say that if the matching high broke through 0.74 ppz, the chances of it moving upwards will be much higher?
Yes. And as i see it the FTA in case of the break is 0.7440 and then next is the BRN 0.7500

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  • #76,043
  • Sep 30, 2010 5:57am Sep 30, 2010 5:57am
Quoting ppfx
Yes. And as i see it the FTA in case of the break is 0.7440 and then next is the BRN 0.7500

Attachment
Alright! Learned an important lesson today. I was only looking through the daily charts and neglected the weekly in this case. Thanks for pointing out.
  • #76,044
  • Sep 30, 2010 6:16am Sep 30, 2010 6:16am
Quoting ppfx
Does anyone know whats happening to the pound? I mean i see a 100+ pips moves on GU, GJ, GC and there arent any GBP news
u sure there are no news? (perhaps there are other currency news)
if so, then the eurgbp chart has the answer...
it's been B U LL I S H
  • #76,045
  • Sep 30, 2010 6:17am Sep 30, 2010 6:17am
Quoting roundrock
there is so much free space to go down, support broken with a BEOB. my target is 130.2
Carefull RR, remember for a BEOB it must have a higher high then the previous bars high too

Best
Mike
  • #76,046
  • Sep 30, 2010 6:42am Sep 30, 2010 6:42am
Quoting supremeChaos
u sure there are no news? (perhaps there are other currency news)
if so, then the eurgbp chart has the answer...
it's been B U LL I S H
According to fxstreet a large E-G buy order for a UK payment to the EU was executed @ 12:15 GMT catching the market the wrong way around. At this time the wholesale market seems to be entirely fixated on executing orders for the quarter-end. According to them it's best to stay out of the market until well after 15:00 GMT until the fixing is out of the way.
Pipcrawler
  • #76,047
  • Sep 30, 2010 6:58am Sep 30, 2010 6:58am
Quoting supremeChaos
u sure there are no news? (perhaps there are other currency news)
if so, then the eurgbp chart has the answer...
it's been B U LL I S H
Hmm didnt think of that. Thanks SC.
  • #76,048
  • Sep 30, 2010 7:05am Sep 30, 2010 7:05am
any ideas about this beob?
the one a couple fo days before never broke. will this do? let's see...
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meine augen sind die sterne
  • #76,049
  • Sep 30, 2010 7:39am Sep 30, 2010 7:39am
Lol.. This works in any timeframe!
I don't believe I went for just 5 pip target (very risky though) and it hit my TP in no time! So easy setup, rejection off a trendline and resistance, that's all!

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  • #76,050
  • Sep 30, 2010 7:45am Sep 30, 2010 7:45am
Hey SC, you have crossed a milestone in number of posts! A big round number!
  • #76,051
  • Sep 30, 2010 9:00am Sep 30, 2010 9:00am
Quoting aserbfx
any ideas about this beob?
the one a couple fo days before never broke. will this do? let's see...
fast 30 pips.
price reversed exactly at the ppz.
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meine augen sind die sterne
  • #76,052
  • Sep 30, 2010 9:26am Sep 30, 2010 9:26am
Quoting aserbfx
fast 30 pips.
price reversed exactly at the ppz.
nice touch trade aser
  • #76,053
  • Sep 30, 2010 9:43am Sep 30, 2010 9:43am
Quoting ppfx
nice touch trade aser
I think Aser sold at the break of the BEOB and closed out at PPZ, didn't he? If he did, then it's not a touch trade.
  • #76,054
  • Sep 30, 2010 10:02am Sep 30, 2010 10:02am
Quoting ertorque
I think Aser sold at the break of the BEOB and closed out at PPZ, didn't he? If he did, then it's not a touch trade.
yes, he did.
but ppfx thoughts were right, too. (buying at the ppz)
meine augen sind die sterne
  • #76,055
  • Sep 30, 2010 10:04am Sep 30, 2010 10:04am
I´m looking for 2 charts where the Price is near PPZ. I will wait for a PA till i take a trade

If you think that this are no PPZ levels please tell it me :-)
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  • #76,056
  • Sep 30, 2010 10:05am Sep 30, 2010 10:05am
Quoting john225
I´m looking for 2 charts where the Price is near PPZ. I will wait for a PA till i take a trade

If you think that this are no PPZ levels please tell it me :-)
114 on the eur/jpy is a great former resistance area, great spot to watch for potential PA. There was a BEOB on the 4hr off it that even gave a nice move down

If it breaks and can get above it that area should be a nice play to look for support too
  • #76,057
  • Sep 30, 2010 10:16am Sep 30, 2010 10:16am
Quoting mbqb11
here is the gbpcad update. 1.62 still acting as a strong pivot
  • #76,058
  • Sep 30, 2010 10:22am Sep 30, 2010 10:22am
Do yourself a favour and just get price patterns by Pring, it's where james16 stole his ideas from.

http://www.pring.com/pricepattern.htm
  • #76,059
  • Sep 30, 2010 10:30am Sep 30, 2010 10:30am
Quoting PA Trader
Do yourself a favour and just get price patterns by Pring, it's where james16 stole his ideas from.

http://www.pring.com/pricepattern.htm
If you want to be a gutter snipe, could you do it somewhere else please
  • #76,060
  • Sep 30, 2010 10:32am Sep 30, 2010 10:32am
Quoting aserbfx
yes, he did.
but ppfx thoughts were right, too. (buying at the ppz)
whoops my bad
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