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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

  • #78,921
  • Oct 31, 2010 1:24am Oct 31, 2010 1:24am
Thanks ghous,
It's good to be around...mmm "lol".....I have always enjoyed your posts ghous !
I am an infrequent poster yet will contribute when I can

Cheers for now

Thanks pinbar for sorting out John225, yeah habeeb is one heck of a guy, a self-less "giver"


Cheers
Without women, money would have no meaning - Aristotle Onassis
  • #78,922
  • Oct 31, 2010 1:52am Oct 31, 2010 1:52am
Quoting mattfx
Hi ghous, pinbar long time...anyway just catchin up with the last couple of hundred posts, since my last post....nearly there.....

Hey Mattfx....Please thank Habeeb for that great pivot indicator.

I think it will help a lot of new people who were like me and PPZ blind.


Great job and another example of sharing is caring.
  • #78,923
  • Oct 31, 2010 1:54am Oct 31, 2010 1:54am
Quoting pwellsau
Hi all,

Does anyone have any thoughts on this potential trade? GBP/DKK Weekly bullish bar at swing low, through BRN.

http://i845.photobucket.com/albums/a...k-31-10-10.gif

My second question is a bit off topic but any help or where to look would be appreciated....
very nice indeed. I'd watch for the 8.7

(no idea about the second question)

g.
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I believe . . .
  • #78,924
  • Edited 3:00am Oct 31, 2010 2:07am | Edited 3:00am
Quoting albinas
Hello,...
Hi, I think we have all taken bad trades and regretted it at some stage, I have for sure.

However, looking at them, the first thing that comes to mind is the GBP/CAD BEOB never even got triggered, the low never broke. It is much better to wait for the low to break or it is not even a setup.

The AUD/CAD also never triggered, that PA was off the IBs and not the BEOB.

EDIT: Also you want a BEOB at a swing high not a swing low.

Hope this helps.
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  • #78,925
  • Oct 31, 2010 2:16am Oct 31, 2010 2:16am
Hey, Hansolo, or is it Hangover, after the party? LoL


We have been practicing "Where is price going" great stuff.

Shout if you want one.
  • #78,926
  • Oct 31, 2010 2:29am Oct 31, 2010 2:29am
Quoting Pinbar
I know a lot of us were looking at the weekly AUD/NZD BEOB and am wondering how this cup & handle pattern figures into it. I mean, the C&H pattern is a bullish pattern while the BEOB is obviously bearish.
This will be my trade for the next week. Double top with Div - I have to take those according to my plan
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  • #78,927
  • Oct 31, 2010 2:31am Oct 31, 2010 2:31am
Quoting Adilius07
This will be my trade for the next week. Double top with Div - I have to take those according to my plan

Yeah, it is looking Bearish.
Although, it stopped dead on the 61.8

I got faked out with the GU Cup & handle.

Let's watch how it breaks Adi.
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  • #78,928
  • Edited 2:47am Oct 31, 2010 2:36am | Edited 2:47am
Here's a WIPG for Hansolo.

Daily TF


Not really at a swing low but it has good readable signs of where it is going.
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  • #78,929
  • Edited 3:59am Oct 31, 2010 3:16am | Edited 3:59am
EG also looks interesting on both the monthly & weekly.

Although, I would have liked the monthly bar to close in a more bearish manner.

Wonder what ghous thinks of this monthly PB a B perhaps?
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  • #78,930
  • Oct 31, 2010 4:18am Oct 31, 2010 4:18am
Found this on the web.

Having in my youth studied shamanism, I thought it was really good.


May well relax you and revitalize us when we have low energy levels.


Interesting how, if you stare at the image while listening to the drum for a 30 seconds or so and then close your eyes, you can sort of still see the image. Or perhaps it is your own image you are seeing.


Give it a try, can't do you any harm.



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  • #78,931
  • Oct 31, 2010 4:38am Oct 31, 2010 4:38am
nice close this weekmonth, as mention befor the EURGBP and AUDNZD i also like these:
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Wellcome to the good life!
  • #78,932
  • Oct 31, 2010 5:02am Oct 31, 2010 5:02am
Quoting Pinbar
EG also looks interesting on both the monthly & weekly.
?
I view both the EG and aud/nzd with caution ...we all see the bars which are the signals/triggers....but what about the location ?

Where did the Aud/Nzd close...is it a major ppz and a RN?

Look at the EG monthly PB...where is the next montly high...what are we trading into?

Look at the EG wkly BEOB ....are we trading into a major PPZ ...has price truly broke south of the RN .8700?

Sorry ---I am not trying to create doubt in anyones trades...just trying to explain what I'm seeing which leads me to believe that I would need to see further PA confirmation to go short....Is this being to picky or has paranoia set in ? LOL
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  • #78,933
  • Oct 31, 2010 5:09am Oct 31, 2010 5:09am
Quoting Pinbar
Found this on the web.


May well relax you and revitalize us when we have low energy levels.
Give it a try, can't do you any harm.



http://www.youtube.com/watch?v=0Xkbj8MDZXo
Always enjoy your posts...however this one increased the intensity of my hangover
  • #78,934
  • Edited 6:28am Oct 31, 2010 5:22am | Edited 6:28am
Quoting Atc
Always enjoy your posts...however this one increased the intensity of my hangover



LOL

Yeah, I think the hangover is the problem not the thing itself.


Sure I am treating them all with caution, that is what we are supposed to do.

Also, I don't intend to take the weekly PA, I am just going to use it to look for bearish PA on D1. I mean, I want to see a bar breakthrough a PPZ, pullback and test it then give us some PA.

Also, Mike and Jarroo's comments on the AUD/NZD seem interesting.


Jarroo asked Mike if he was sitting up and taking notice of it, to which Mike replied.


Quoting mbqb11
yep sure is.Will be hard to talk myself out of a short if it closes below last weeks low


EDIT: Also on my IBFX feed you can see that the close of the EUR/GBP Monthly PB is in fact inside the high of the previous bar. So, it is a valid PB.


EDIT: The EG PB is also inside the high of the previous bar on my FXDD live account.
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  • #78,935
  • Oct 31, 2010 6:20am Oct 31, 2010 6:20am
As for the AUD/NZD weekly BEOB.

Also, this is NOT a trade suggestion but simply something to watch out for.


You seem to think there is something fishy about this setup ATC.


EDIT: What feed was the EG monthly PB with the invalid close on ATC?
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  • #78,936
  • Oct 31, 2010 6:39am Oct 31, 2010 6:39am
The FXDD feed looks even better.

There is not much more we could ask for in a setup like this, is there?
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  • #78,937
  • Oct 31, 2010 7:01am Oct 31, 2010 7:01am
Quoting Pinbar

You seem to think there is something fishy about this setup ATC.


EDIT: What feed was the EG monthly PB with the invalid close on ATC?
Not fishy...but appears to be strong ppz R we are trading into on the break...therefore personally i would rather enter on a retrace to 1.29 or 1.3 areas depending on what i see....I prefer on BEOB/BUOB to enter on retrace especially when the bar is so large....I don't do this all the time however...depends on PA...and if i can watch it since I work full time

Feed FXPRO
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  • #78,938
  • Oct 31, 2010 7:12am Oct 31, 2010 7:12am
Here's FXCM feed close .8685

? for ya do you want to trade short into that BUB prior to PB?
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  • #78,939
  • Oct 31, 2010 7:25am Oct 31, 2010 7:25am
here
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  • #78,940
  • Oct 31, 2010 8:30am Oct 31, 2010 8:30am
A question for fibo traders.

As some may know, I take just daily trades of pinbars only.

If I were to use fibo retracements and expansions for target levels, which time frame works best for setting the fibo levels?

Would it be the daily/weekly/monthly?

Is there a way of setting up the fibo tool to show retracement and expansion levels at the same time?

Thanks in anticipation.
"Fail to prepare, prepare to fail."
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