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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

  • #79,841
  • Nov 12, 2010 1:29am Nov 12, 2010 1:29am
Wanting size and space?
Waiting for the close of the week...
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Trading: the skill of avoiding trades
  • #79,842
  • Nov 12, 2010 1:32am Nov 12, 2010 1:32am
Quoting eswap0
Wanting size and space?
Waiting for the close of the week...
Interesting...
  • #79,843
  • Nov 12, 2010 1:33am Nov 12, 2010 1:33am
Quoting aserbfx
hi guys.
hope you are all doing well.
i am back after nearly 3 weeks in hospital after a horrible car accident.
a truck crashed into my car and several others behind and in front of me at the end of a traffic jam on a german highway. about 7 people were injured.
i got several broken bones (rips, left forearm, etc.).
shows that nothing is more important in life than good health.
good trades
take care
Sorry to hear that mate.
Anything can happen.
  • #79,844
  • Nov 12, 2010 1:41am Nov 12, 2010 1:41am
Quoting jarroo
Well the 132.00 did find Resistance and had a nice bounce down of over 200 pips. (only on the Gbp/Jpy would a 200+pip be a bounce .. lol)

I am now looking to see if the 132.00 can hold as Support.

This confluenced level at the 132.00; PPZ level (although the PPZ could have been clearer), trendline and 61.8 Fib was not only a strong level to act as Resistance. These same confluences can still act as strong Support. . . we shall see.

I think we found the answer to the question on the 132.00 to act as Support . .and it is, NO. . . lol

That's why I wait for PA at these levels. Now it could shoot up and form a PB . .if so then that's fine, I don't think so . .wow .. .look at her go.
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Indicators show the past. Price Action "Indicates" the future.
  • #79,845
  • Edited 5:22pm Nov 12, 2010 1:41am | Edited 5:22pm
If these two boxes hold, and the PPZ between them is solid, this may be a nice little live box experiment for anyone who is not sure about them.

Open an AUD/NZD H4 chart and with the rectangle tool draw these two boxes with a line through he middle.
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  • #79,846
  • Nov 12, 2010 1:42am Nov 12, 2010 1:42am
Quoting aserbfx
hi guys.
hope you are all doing well.
i am back after nearly 3 weeks in hospital after a horrible car accident.
a truck crashed into my car and several others behind and in front of me at the end of a traffic jam on a german highway. about 7 people were injured.
i got several broken bones (rips, left forearm, etc.).
shows that nothing is more important in life than good health.
good trades
take care
Oh man!! Sorry for this to happen!! Terrible! Well, thanks God you are alive, I've been to the German highways, no speed limit - scary to get into accident!!! I wish you to get well very soon!!! Nothing is more important than health yes, so make sure you are compeletely recovered! Get well soon.
  • #79,847
  • Nov 12, 2010 1:58am Nov 12, 2010 1:58am
Quoting jarroo
I like the way you think. Some nice bullish PA would be nice at the 1.3700.

The Eur/Cad is finding a bit of Support ..
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Indicators show the past. Price Action "Indicates" the future.
  • #79,848
  • Nov 12, 2010 2:03am Nov 12, 2010 2:03am
Anyone took this 4h BUOB out of the box on USDCAD? You can see BEOB/BUOB again and again prior to range breakouts.
The one that forms on the 1h is a bit risky as the biggest part of the move may have happened already and trades into resistance (PPZ and 150EMA on 4h)

Quoting aserbfx
hi guys.
hope you are all doing well.
i am back after nearly 3 weeks in hospital after a horrible car accident.
a truck crashed into my car and several others behind and in front of me at the end of a traffic jam on a german highway. about 7 people were injured.
i got several broken bones (rips, left forearm, etc.).
shows that nothing is more important in life than good health.
good trades
take care
Hey aserbfx, I wish you 'Gute Besserung!', get well soon.
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Thanks J16, Sam Seiden, Udine and Jacko
  • #79,849
  • Nov 12, 2010 2:07am Nov 12, 2010 2:07am
EURAUD also breaking out. Still it closed under some resistance. Maybe we get a retrace opportunity.
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Thanks J16, Sam Seiden, Udine and Jacko
  • #79,850
  • Nov 12, 2010 2:14am Nov 12, 2010 2:14am
Another possible range breakout with retrace on EJ.

(My last posts are by no means recommendations, just some self-talk and practicing those nice little boxes PB shows us .)
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Thanks J16, Sam Seiden, Udine and Jacko
  • #79,851
  • Nov 12, 2010 2:16am Nov 12, 2010 2:16am
thanks for all your wishes, guys. feels good!
it will take a long time till i recover completely. but i will, i am sure.
meine augen sind die sterne
  • #79,852
  • Nov 12, 2010 2:24am Nov 12, 2010 2:24am
Quoting jarroo
Great post and great trade.


Are you at breakeven at the .8750?
If so, I would be protecting that nicely earned profit .. say at least to the .8650 . . don't know how long term you're playing this one.

Just some thoughts . . .nicely done . . Price broke through and closed below the .8500.
Thanks jaroo.

I'm already trailing my stop but with a bit of room.
  • #79,853
  • Nov 12, 2010 2:25am Nov 12, 2010 2:25am
Quoting aserbfx
hi guys.
hope you are all doing well.
i am back after nearly 3 weeks in hospital after a horrible car accident.
a truck crashed into my car and several others behind and in front of me at the end of a traffic jam on a german highway. about 7 people were injured.
i got several broken bones (rips, left forearm, etc.).
shows that nothing is more important in life than good health.
good trades
take care
Deeply sorry to hear about that.

Hope that everyone recovers quickly.

Nos
  • #79,854
  • Nov 12, 2010 2:32am Nov 12, 2010 2:32am
Hope everyones well...
GU - double b hi/lo close(brn 16100)
GJ - small pin at swing high test of (brn 13300)
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  • #79,855
  • Nov 12, 2010 3:40am Nov 12, 2010 3:40am
Quoting aserbfx
hi guys.
hope you are all doing well.
i am back after nearly 3 weeks in hospital after a horrible car accident.
a truck crashed into my car.
..
so that's why u havent posted lately.

it's great to have u back,Sir
i pray that u'll heal very quickly
God bless
  • #79,856
  • Nov 12, 2010 4:10am Nov 12, 2010 4:10am
Quoting ghous
I don't fine tune entries on lower time frames. I keep it simple and straightforward. I placed my pending orders Monday open, on the weekly tf.

g.

Thx G !
Trade Smart
  • #79,857
  • Nov 12, 2010 4:18am Nov 12, 2010 4:18am
Quoting jarroo
The Eur/Cad is finding a bit of Support ..
sure found support @ 1.37 ..... weekly support, higher tfs rule
wld have liked a stronger close on the buob though......
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Simplicity is the key to success
  • #79,858
  • Nov 12, 2010 4:22am Nov 12, 2010 4:22am
first TP hit now trailing remainder
Quoting ^eagle^
http://i7.photobucket.com/albums/y28...g/nzyjames.jpg

Range set up on the nzd/jpy sell stop at 64 TP at 63 Stop at top of PB. Set to closev80% at 50 pips and let the rest ride to TP or BE+2.

Would this be considered an inside Pin bar? Not sure I got the meaning clear.
  • #79,859
  • Nov 12, 2010 4:25am Nov 12, 2010 4:25am
Quoting squeezy
sure found support @ 1.37 ..... weekly support, higher tfs rule
wld have liked a stronger close on the buob though......
Nice one. I was waiting for this area to get for a touch trade but the damn thing hit it when I was asleep...4HR pin followed and now 4HR BUOB...but like you say a poor close.
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  • #79,860
  • Nov 12, 2010 5:14am Nov 12, 2010 5:14am
Quoting squeezy
sure found support @ 1.37..
wld have liked a stronger close on the buob though......
Quoting lovejoy80
Nice one....4HR pin followed and now 4HR BUOB...but like you say a poor close.
i think this is a good example of bar with a 'poor/unideal close' but a possible great trade, nevertheless.
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