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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

  • #88,741
  • Feb 11, 2011 6:06am Feb 11, 2011 6:06am
Quoting Pinbar
Thanks for your input HTH

Yes, I can see how you mean, over analyzing is indeed like having too many indicators giving conflicting signals.
LOL....

HTH = Hope That Helps


SR2
  • #88,742
  • Feb 11, 2011 6:14am Feb 11, 2011 6:14am
Quoting Greenhaze


Im still playing H4 and higher tf setups but i cant cope with longer times of drawdawn so i am looking for tighter entries on lower tfs..... Only 4 hours of work left and i didnt do anything besides watching charts and reading FF.....
Yup, coping with drawdown is as vital a talent in trading as finding the right setup. Avoiding it altogether- cha ching
  • #88,743
  • Feb 11, 2011 6:20am Feb 11, 2011 6:20am
Quoting sr2
LOL....

HTH = Hope That Helps


SR2
LOL

Thought those were your initials. LOL

it helped a great deal.
  • #88,744
  • Feb 11, 2011 6:37am Feb 11, 2011 6:37am
Head and shoulder reversal pattern on EUr/USd 4h. LooK for supporting PA for entry.

This is about to reverse big time

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  • #88,745
  • Feb 11, 2011 7:08am Feb 11, 2011 7:08am
Quoting vasmiza
Head and shoulder reversal pattern on EUr/USd 4h. LooK for supporting PA for entry.

This is about to reverse big time

Attachment

Don't know about reverse there as a H&S patterns breaks towards the feet so, it is going to go down.

Also a H&S pattern is a PB or BEOB on the larger TF but, these PBs are at a bad area above the consolidation.
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  • #88,746
  • Feb 11, 2011 7:11am Feb 11, 2011 7:11am
Quoting Pinbar
Don't know about reverse there as a H&S patterns breaks towards the feet so, it is going to go down.
Yes definitely going down. What I mean by reverse is that the upward TL is reversing. It is a head & shoulder reversal pattern. Hope i'm making sense.

PinBAr you are right, on the weekly we are going into PPZ. But it is still something you can keep an eye on I guess.

Harry
  • #88,747
  • Feb 11, 2011 7:18am Feb 11, 2011 7:18am
Quoting vasmiza
Yes definitely going down. What I mean by reverse is that the upward TL is reversing. It is a head & shoulder reversal pattern. Hope i'm making sense.

PinBAr you are right, on the weekly we are going into PPZ. But it is still something you can keep an eye on I guess.

Harry
I agree, might be an area where we see some good bullish PA, even.
  • #88,748
  • Feb 11, 2011 7:44am Feb 11, 2011 7:44am
Quoting vasmiza
Head and shoulder reversal pattern on EUr/USd 4h. LooK for supporting PA for entry.

This is about to reverse big time

Attachment
Until daily or weekly price closes below that 1.35, I'm just going to consider it support.

I'm thinking the same about 1.65 on cable

(Lots of charts up already today, so sha'nt post again)
  • #88,749
  • Feb 11, 2011 7:51am Feb 11, 2011 7:51am
I just went long with Gold, daily PB supported by a weekly PB, pullback entry on the 2H-TF via a PB .............
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Pipcrawler
  • #88,750
  • Feb 11, 2011 7:54am Feb 11, 2011 7:54am
Quoting xmzhang
I just went long with Gold, daily PB supported by a weekly PB, pullback entry on the 2H-TF via a PB .............
GL with that. You have good space if you can get past .81
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  • #88,751
  • Feb 11, 2011 7:55am Feb 11, 2011 7:55am
Quoting Greenhaze
..From daily perspective GU 1.6 area was tested couple of times and breakout was hanging in the air. It was strong breakout and it might be good to take short on lower tf on first retest.
Here we go?
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  • #88,752
  • Feb 11, 2011 8:15am Feb 11, 2011 8:15am
Quoting Pinbar
Hey Mike... I feel I should apologize to you for the way I spoke to you the other day. You were right man, this is no place for a flaming war & getting drawn into it like that, is akin to getting suckered into a bad trade and makes me as much to blame at the other person. I could have sent you a pm but, I also feel this is a trading lesson and perhaps others can benefit from it.
The two go together, there can be no separation. This is, I feel the philosophical side of trading and you guys including SC & Ghous were trying to keep me out of it.

Anyway,...
no worries brotha I am all about positivity

Enjoy the weekend Steve

Mike
  • #88,753
  • Feb 11, 2011 8:17am Feb 11, 2011 8:17am
Quoting cprao
In fact, I am bearish on this pair based on weekly BEOB . I was expecting a daily/h4 PA that touches and closes below 1.35 to go short in line with weekly PA.
gave a bullish PB, but way too small. Looks like it went in your direction.
  • #88,754
  • Feb 11, 2011 8:30am Feb 11, 2011 8:30am
Quoting mbqb11
no worries brotha I am all about positivity

Enjoy the weekend Steve

Mike

Thanks Mike...

Go get them girls squire.
  • #88,755
  • Feb 11, 2011 8:58am Feb 11, 2011 8:58am
3rd test at support area + trendline confluence. H&S pattern on m15 with nice pinhead . Good for 0.5% risk.
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  • #88,756
  • Edited 10:16am Feb 11, 2011 9:13am | Edited 10:16am
Quoting Greenhaze
3rd test at support area + trendline confluence. H&S pattern on m15 with nice pinhead . Good for 0.5% risk.
I was thinking about H4 Pin..its working out nicely as of now..but didn't take it as the pin wasn't looking so good..but History of price testing on 0.7550 on Daily chart

still at an infant stage() of trading so just thoughts!!

lol
  • #88,757
  • Feb 11, 2011 9:15am Feb 11, 2011 9:15am
anyone in this h4 buob on aud/usd. closed above 1.000 usd.
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meine augen sind die sterne
  • #88,758
  • Feb 11, 2011 9:23am Feb 11, 2011 9:23am
Quoting aserbfx
anyone in this h4 buob on aud/usd. closed above 1.000 usd.
I was thinking of taking long there but checked the aud/nzd before and it looks like nzd might be better choice.
  • #88,759
  • Feb 11, 2011 9:24am Feb 11, 2011 9:24am
Quoting Greenhaze
I was thinking of taking long there but checked the aud/nzd before and it looks like nzd might be better choice.
or this here?
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meine augen sind die sterne
  • #88,760
  • Feb 11, 2011 9:29am Feb 11, 2011 9:29am
Quoting aserbfx
or this here?
Nice one I have nice PB on my H4 feed and it was even nicer on h1. Looks interesting. 83.20 looks good for fta.
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