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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

  • #76,901
  • Oct 8, 2010 1:33am Oct 8, 2010 1:33am
Quoting supremeChaos
no particular reason...choose from
audusd, usdcad, usdchf, eurjpy, audjpy

http://www.forexfactory.com/showthre...87#post3429487

(also, check out Jim's chart just above that. its one of my favourites)
When you have to shoot, shoot. Dont talk.
  • #76,902
  • Oct 8, 2010 3:50am Oct 8, 2010 3:50am
i think EU could easily retrace to 1.35 - 1.3375
  • #76,903
  • Oct 8, 2010 3:53am Oct 8, 2010 3:53am
ok we all know BRN..
now there are some other interesting numbers to consider...
http://oeis.org/classic/table?a=45&fmt=4
(decimal is not important..)
  • #76,904
  • Oct 8, 2010 3:54am Oct 8, 2010 3:54am
Quoting jarroo
This may be true mel .. Price may cut through it all to the .7400. . . but the purple area, at the .7455 is a PPZ level . .it is not minor.
One question here, if we were to sell at the break of the pin, we will be trading right into PPZ, so no trade here. Having said that, will we have to wait for break of pin to confirm if the pin is not a false one? Just one question in mind...
  • #76,905
  • Oct 8, 2010 3:55am Oct 8, 2010 3:55am
I have the Daily PB off a 61 FIB, a BRN / PPZ

sitting out though, too risky today
  • #76,906
  • Oct 8, 2010 5:08am Oct 8, 2010 5:08am
New Interbank FX risk warning, including percentage of losing accounts

http://www.forexfactory.com/showthread.php?t=259922

interesting.


Quoting joelcf
http://www.forexfactory.com/showthre...87#post3429487
(also, check out Jim's chart just above that. its one of my favourites)
ah yes, i remember that post!
check that out Pinbar..
  • #76,907
  • Oct 8, 2010 5:22am Oct 8, 2010 5:22am
Hey guys,

Breakout trade on CHF/JPY during the July 2010 period that failed. Any reason why?
Attached Image (click to enlarge)
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  • #76,908
  • Oct 8, 2010 5:27am Oct 8, 2010 5:27am
Quoting supremeChaos
New Interbank FX risk warning, including percentage of losing accounts

http://www.forexfactory.com/showthread.php?t=259922

interesting.



ah yes, i remember that post!
check that out Pinbar..

Thanks SC.

Unfortunately, FXDD does not carry that pair.

I think I have it down to 5 pairs.

Now, hopefully I will remember what I am talking to Jarroo about.

At this stage in my study, 15 pairs and eyeballing videos all day, was just too much.
I mean, I wasn't making any trades with 15 pairs, so now I have fewer pairs to scan, I can scrutinize things more.

I decided on GBP/USD, EUR/USD, NZD/USD, AUD/JPY, AUD/USD

Unless, anyone has any suggestions?
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  • #76,909
  • Oct 8, 2010 5:41am Oct 8, 2010 5:41am
NFP soon, lock and load
  • #76,910
  • Oct 8, 2010 5:45am Oct 8, 2010 5:45am
Quoting Max Profit
NFP soon, lock and load
NFP is in another 1 hour 45 mins. There is CAD news soon though.
  • #76,911
  • Oct 8, 2010 6:00am Oct 8, 2010 6:00am
Quoting melvin87
..
Breakout trade on CHF/JPY during the July 2010 period that failed. Any reason why?
chf & jpy are both safe haven currencies.
they have an ongoing battle/game of 'which is better'.
S/R - wise, looking exclusively at your chart, 82.30 PPZ acted as support at that time (it still does until the end of your chart).

in 1 context,
chf & jpy are like
eur & gbp (eurgbp)
aud & nzd (audnzd)

u should realize not all 'breakouts' u see break out/'should' break out. u should be flexible, nimble alert with your decisions/perspectives.


Quoting Pinbar
..
Unfortunately, FXDD does not carry that pair.
...
which pair/s?
all the pairs mentioned are available in FXDD. (i use FXDD too)
  • #76,912
  • Oct 8, 2010 6:11am Oct 8, 2010 6:11am
Quoting supremeChaos

which pair/s?
all the pairs mentioned are available in FXDD. (i use FXDD too)

I meant the pair joel said was his favorite EUR/NZD
  • #76,913
  • Oct 8, 2010 6:15am Oct 8, 2010 6:15am
Quoting jarroo
Majestic ? . . I thought you moved to B/E?? . . Dude??

I don't know about oanda and their news spread.

Respect those targets . . .they are areas where we don't know what Price will do when they get there. What we do know . . is that there will be a reaction when Price gets there . .we have to be prepared for that.

Being up 40-50+ pips and then ending the trade at break even or small loss . . I've been there . .and sometimes I still revisit there . .lol . . .Respecting those targets will change that my friend.
Hey jarroo, don't worry i was at break even. the spread just widened and price move so fast i lost a couple of pips from slippage i presume. however i miss calculated and it wasn't as bad as i thought. Cheers.
  • #76,914
  • Edited 7:57am Oct 8, 2010 7:40am | Edited 7:57am
pin bars formed in EURAUD and AUDJPY.

edit: those pins are gone..
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  • #76,915
  • Oct 8, 2010 7:58am Oct 8, 2010 7:58am
Quoting ertorque
Hey Zhang, correct me if I am wrong but based on your H4 and M15 charts, it looks like your 15m TF PB is formed while the 4H PB is still forming.
Your chart shows that after 4H PB is formed, price never reaches the 15955-ish level that you claimed to be a 4H-PPZ.
I would have thought that one would only look for PA down lower TF AFTER the signal on the higher TF is identified. In this case the 15m PB is observed within the 4H PB.
Is this acceptable by the seniors within J16 circle?

CY
Take a GOOD look AGAIN at the 15m-attachement you'll see that the 15m-PB opens @ 15:45 and closes @ 16:00 (GMT+1), the 4H-PB opens @ 12:00 and closes @ 16:00, so in this case the close of the 15m-PB coincides exactly with the close of the 4H-PB. Usually this is not the case in most cases the pullback might take several lower TF bars, after the higher TF pattern has closed. Here in this very very special case the pullback took only one bar and it coincided exactly with close of the higher TF pattern.http://cdn.forexfactory.com/images/icons/icon10.gif

May the force be with you.
Pipcrawler
  • #76,916
  • Oct 8, 2010 7:59am Oct 8, 2010 7:59am
LOL what a Bulls*** move happening now
  • #76,917
  • Oct 8, 2010 8:00am Oct 8, 2010 8:00am
Quoting jarroo
Nice trade xmz...

I couldn't resist . .(Chart) . . .
Any time Jarroo, any time !http://cdn.forexfactory.com/images/icons/icon10.gif
Pipcrawler
  • #76,918
  • Oct 8, 2010 8:04am Oct 8, 2010 8:04am
Quoting Pinbar
I meant the pair joel said was his favorite EUR/NZD
oh that.
i think he meant the eurnzd trade by Sir James16 is 1 of his favorites (not the eurnzd pair per se).
not sure about that, though
  • #76,919
  • Oct 8, 2010 8:13am Oct 8, 2010 8:13am
Quoting The Lord
Silver is showing some signs at last. It finally moved almost 1$ in 1 day and managed to close below 22.50. What do you think guys?
Attachment
I closed for a small loss prior to NFP, hope you are being careful here.
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  • #76,920
  • Oct 8, 2010 8:13am Oct 8, 2010 8:13am
Quoting xmzhang
Take a GOOD look AGAIN at the 15m-attachement you'll see that the 15m-PB opens @ 15:45 and closes @ 16:00 (GMT+1), the 4H-PB opens @ 12:00 and closes @ 16:00, so in this case the close of the 15m-PB coincides exactly with the close of the 4H-PB. Usually this is not the case in most cases the pullback might take several lower TF bars, after the higher TF pattern has closed. Here in this very very special case the pullback took only one bar and it coincided exactly with close of the higher TF pattern.http://cdn.forexfactory.com/images/icons/icon10.gif...
Yes that is what I understand from your charts too. Nothing's wrong just that normally the search for a retrace is usually after the 'main' bar closes. In this case, it is special. Thanks for the feedback tho.
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