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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

  • #79,901
  • Nov 13, 2010 12:36am Nov 13, 2010 12:36am
Quoting ghous
Targets hit on Eur/Gbp and Gbp/Dkk.

(I am dying to know how Paul went about Gbp/Dkk)

g.
Hey ghous!
Sorry for the late reply, just saw your couple of posts today.

I closed my full position on gbp/dkk at the 8.72, as in your reply to my original post - thanks heaps This trade actually has given me alot of confidence, its one i identified myself (i.e. without much discussion on here / elsewhere) and managed well. Since Oanda didnt offer this pair, I had to go long gbp/usd and long usd/dkk in equal amounts (i.e. long pound, short dkk). As well as the chart below on fx pro demo, the usd/dkk showed alot of upcoming resistance and it proved to be the case. Hope you did well on this one as well g.
http://i845.photobucket.com/albums/a...u/ghous-gd.gif

I also took eur/gbp short as did a few others it seems, I took half my position out at 8600 and let the rest ride, eventually stopped out at 8550, thought it might find resistance there on the daily, it did but i still got stopped, doh!

http://i845.photobucket.com/albums/a...u/ghous-eg.gif

Cheers,
Paul
  • #79,902
  • Nov 13, 2010 12:41am Nov 13, 2010 12:41am
Would anyone like to make an educated guess where this Pinbar on the weekly time frame is going?



Don't be shy folks.
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  • #79,903
  • Nov 13, 2010 1:57am Nov 13, 2010 1:57am
Quoting Pinbar
Would anyone like to make an educated guess where this Pinbar on the weekly time frame is going?



Don't be shy folks.
PB, may I. I think it is going UP!

It's just my own view, but I saw many situations when there are opposing PB's like in this example - you never know which one would win, really.. As we see the previous bullish one was triggered and coud be still in play. And...because we are at the swing low I will prefer the direction up on this one...
  • #79,904
  • Nov 13, 2010 2:17am Nov 13, 2010 2:17am
Any more takers?
  • #79,905
  • Edited 2:34am Nov 13, 2010 2:23am | Edited 2:34am
Quoting Pinbar
Would anyone like to make an educated guess where this Pinbar on the weekly time frame is going?



Don't be shy folks.
Ah great, another round of WIPG. Here is my take:

The first yellow horizontal line is just something I would be aware of. But I'm pretty sure price has enough momentum to pass right through it. After that I would either expect:
1. a move to the BRN 1.4 and/or
2. a move to the 150EMA (which is also the high of Oct/Nov 2004) or
3. a further decline.

Looking at the chart again I expect 1. to be an unlikely scenario. I think 2. or 3. are more likely.
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Thanks J16, Sam Seiden, Udine and Jacko
  • #79,906
  • Nov 13, 2010 2:32am Nov 13, 2010 2:32am
Quoting Adilius07
PB, may I. I think it is going UP!

It's just my own view, but I saw many situations when there are opposing PB's like in this example - you never know which one would win, really.. As we see the previous bullish one was triggered and coud be still in play. And...because we are at the swing low I will prefer the direction up on this one...
A reasonable point. Plus the latest PB had its close higher than its open.

Nevertheless, I still vote for a further decline. We saw a double top and serious fight between bulls and bears up there followed by a strong downmove. The preceding PB and bullish bar may just be some profit taking around the 150EMA and 1.4.
Thanks J16, Sam Seiden, Udine and Jacko
  • #79,907
  • Nov 13, 2010 2:37am Nov 13, 2010 2:37am
This was a tough one folks.
Without being able to put a fibo on this, it was really hard.

You got it HanSolo.


Your turn guys.
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  • #79,908
  • Nov 13, 2010 2:40am Nov 13, 2010 2:40am
Quoting Pinbar
Hey C.

Is that an FXDD feed?

On my IBFX demo it was not a BUEOB, but it was on my FXDD live account.
Yes. It is FXDD feed.
  • #79,909
  • Nov 13, 2010 2:41am Nov 13, 2010 2:41am
Quoting cprao
Yes. It is FXDD feed.

Thanks CPRAO.

Come on HS, hit me with one......
  • #79,910
  • Nov 13, 2010 2:44am Nov 13, 2010 2:44am
Quoting Pinbar
This was a tough one folks.
Without being able to put a fibo on this, it was really hard.

Your turn guys.
Like butter, what a nice move!

Here you go:
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Thanks J16, Sam Seiden, Udine and Jacko
  • #79,911
  • Nov 13, 2010 2:47am Nov 13, 2010 2:47am
Right HS...Thinking cap is on.
  • #79,912
  • Nov 13, 2010 2:55am Nov 13, 2010 2:55am
I think this could be a fake out.
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  • #79,913
  • Nov 13, 2010 2:58am Nov 13, 2010 2:58am
Quoting pwellsau
Hey ghous!
Sorry for the late reply, just saw your couple of posts today.

I closed my full position on gbp/dkk at the 8.72, as in your reply to my original post - thanks heaps This trade actually has given me alot of confidence, its one i identified myself (i.e. without much discussion on here / elsewhere) and managed well....
I believe . . .
  • #79,914
  • Nov 13, 2010 3:11am Nov 13, 2010 3:11am
Where's this going folks?

daily chart.
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I believe . . .
  • #79,915
  • Nov 13, 2010 3:28am Nov 13, 2010 3:28am
I think price will at least reach my FTA and then
1. either go up to the 1.45 area or
2. down to the BRN 1.4

I somehow tend to the downside b/c the BUOB didn't make a clear close above 1.43, we saw some bearish PA in the past and have not reached 1.4 yet.

I confess I had a hard time drawing those PPZ.
Attached Image (click to enlarge)
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Thanks J16, Sam Seiden, Udine and Jacko
  • #79,916
  • Nov 13, 2010 3:34am Nov 13, 2010 3:34am
Here's what happened to the PB I posted.

You're analysis was pretty good, PB. The setup did what it had to do and then continued its way up to the 365EMA.
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Thanks J16, Sam Seiden, Udine and Jacko
  • #79,917
  • Nov 13, 2010 3:35am Nov 13, 2010 3:35am
Yeah, this is a tough one with the lack of data.


I think it is another fake out.

I must be in my fake out mood. LOL


Hey Hansolo, are you going to post the answer?

EDIT: Oh you did, I got it wrong. LOL

We mean the next bar, not the whole week.
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  • #79,918
  • Nov 13, 2010 3:45am Nov 13, 2010 3:45am
Quoting HanSolo
I think price will at least reach my FTA and then
1. either go up to the 1.45 area or
2. down to the BRN 1.4

I somehow tend to the downside b/c the BUOB didn't make a clear close above 1.43, we saw some bearish PA in the past and have not reached 1.4 yet.

I confess I had a hard time drawing those PPZ.

Hey, that is cheating HS...You have it going up and down.

I suppose there is always sideways left for it to go.

Got to run, will check in later
  • #79,919
  • Nov 13, 2010 3:52am Nov 13, 2010 3:52am
Quoting Pinbar
Hey, that is cheating HS...You have it going up and down.

I suppose there is always sideways left for it to go.

Got to run, will check in later
It's like checking all the numbers on your lottery ticket, isn't it.
You're right, a man has to make a clear decision: I think after a small retrace it is going down.

Have a nice day, PB.
Thanks J16, Sam Seiden, Udine and Jacko
  • #79,920
  • Nov 13, 2010 3:56am Nov 13, 2010 3:56am
Quoting ghous
Where's this going folks?

daily chart.
Hey Ghous,i think it is going down considering a very strong bear bar pushing right below to the left side.
And not so good close above 1.4300 that i believe is going down atleast for one bar.
Other Consideration is 61.8 fib of a smaller swing,and the recent strong down move.
Regards
Taz
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