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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

  • #89,401
  • Feb 18, 2011 2:58am Feb 18, 2011 2:58am
Go my eye on the AUD/CAD Weekly BEOB
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  • #89,402
  • Feb 18, 2011 3:00am Feb 18, 2011 3:00am
Quoting Adilius07
I am searching for the best ways to do it. I still don't like BE for the reason it is being hit so much... but I love the way it brings me the peace of mind... So I will stick to it I think.

Well, if you combine the BE with Jarroo's stuff, taking an H4 setup off the weekly S&R, seems like a good combination to me.
  • #89,403
  • Feb 18, 2011 3:06am Feb 18, 2011 3:06am
Quoting Pinbar
Well, if you combine the BE with Jarroo's stuff, taking an H4 setup off the weekly S&R, seems like a good combination to me.
Multi TF's analysis is still one hard thing for me to implement. I think I will just stick to daily only, for now, feel more confident with it, and I can avoid the paralysis I had before.
  • #89,404
  • Feb 18, 2011 3:23am Feb 18, 2011 3:23am
biggest high in weeks and at an important level. Opinions?
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  • #89,405
  • Feb 18, 2011 3:44am Feb 18, 2011 3:44am
Quoting madboy
Buob on the daily,H&S and TL broken violently on 4h,retrace and....see chart.
Might be one scenario...any other?
Quote
biggest high in weeks and at an important level. Opinions?

The h&s did the job nicely,now there is some strong divergence on the 4h and I would look for some bearish PA around 1390-1393
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  • #89,406
  • Feb 18, 2011 4:12am Feb 18, 2011 4:12am
What do people think about shorts on the 4hr NZDUSD?

Any comments please..........
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  • #89,407
  • Feb 18, 2011 4:13am Feb 18, 2011 4:13am
Quoting Fxpat
What do people think about shorts on the 4hr NZDUSD?

Any comments please..........
Suicide.. I think
  • #89,408
  • Feb 18, 2011 4:17am Feb 18, 2011 4:17am
Quoting Fxpat
What do people think about shorts on the 4hr NZDUSD?
Any comments please..........
that pinbar closed higher than its open.
its' near a swing low, plus it hasnt triggered yet. if it does, possible traffic area is near, around 0.7560-90 area

Quoting Adilius07
Suicide.. I think
unless Adilius exits his long position, nzdusd is bullish
  • #89,409
  • Feb 18, 2011 4:21am Feb 18, 2011 4:21am
Quoting supremeChaos
that pinbar closed higher than its open.
its' near a swing low, plus it hasnt triggered yet. if it does, possible traffic area is near, around 0.7560-90 area


unless Adilius exits his long position, nzdusd is bullish
  • #89,410
  • Feb 18, 2011 4:24am Feb 18, 2011 4:24am
Quoting supremeChaos
that pinbar closed higher than its open.
its' near a swing low, plus it hasnt triggered yet. if it does, possible traffic area is near, around 0.7560-90 area


unless Adilius exits his long position, nzdusd is bullish
Thanks SC.
  • #89,411
  • Feb 18, 2011 4:29am Feb 18, 2011 4:29am
Anyone considering a short on retrace?
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  • #89,412
  • Feb 18, 2011 4:42am Feb 18, 2011 4:42am
Quoting Ifmyante
Anyone considering a short on retrace?
Although, if it pulls back within the hour, that would be a nice bullish PB
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  • #89,413
  • Feb 18, 2011 4:44am Feb 18, 2011 4:44am
Quoting Ifmyante
Anyone considering a short on retrace?
loads of wood to chop around 1.3550 area & below.
plus it's an M15 chart, so be careful..
  • #89,414
  • Feb 18, 2011 4:50am Feb 18, 2011 4:50am
Quoting supremeChaos
loads of wood to chop around 1.3550 area & below.
plus it's an M15 chart, so be careful..
True SC.

Would've been okay to catch the initial breakout and watch from there. Too many 'ifs' now maybe
  • #89,415
  • Feb 18, 2011 4:53am Feb 18, 2011 4:53am
Quoting Ifmyante
..
Would've been okay to catch the initial breakout and watch from there. Too many 'ifs' now maybe
if u watch 'some' news, there are 'speakers' in a few hours & we have the G20 meeting.
plus it's Friday...
these might explain the price movement we are having right now.
  • #89,416
  • Feb 18, 2011 5:05am Feb 18, 2011 5:05am
Quoting supremeChaos
if u watch 'some' news, there are 'speakers' in a few hours & we have the G20 meeting.
plus it's Friday...
these might explain the price movement we are having right now.
I have no aversion to keeping up with current affairs
  • #89,417
  • Feb 18, 2011 6:04am Feb 18, 2011 6:04am
Quoting supremeChaos
if u watch 'some' news, there are 'speakers' in a few hours & we have the G20 meeting.
plus it's Friday...
these might explain the price movement we are having right now.
Hi SC

Just a quick one. Why are we to be careful about Friday trading?
  • #89,418
  • Feb 18, 2011 6:24am Feb 18, 2011 6:24am
Quoting 5.25
..Why are we to be careful about Friday trading?
Hello Sir Tomek,
-trading activity (liquidity) mellows down, generally, because most traders are already in 'weekend mode' (some/most Friday bars/candles form due to profit taking ahead of the weekend).
-often there are news during the weekend that can possibly alter market sentiment which can be detrimental to your trading positions (if u have any)

by the way, i mentioned 'be careful' in the context of Sir Ifmyante's chart mainly being an M15 chart. because price can be very whippy at times on lower timeframes, if one is not used to them.

hope that helps!
  • #89,419
  • Feb 18, 2011 6:33am Feb 18, 2011 6:33am
It drives me nuts when I miss these...been trading these for several years now. Small risk to reward!

touch off 61.8 and ppz can be very powerful with small stop loss..

..there was some traffic to contend with however, and going into 1.3600 rn but still worked very nicely.
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  • #89,420
  • Edited 6:42am Feb 18, 2011 6:36am | Edited 6:42am
GBP NZD

Look at 4h pin

Don't have time right now to post chart.

Very obvious horizontal level can be seen on daily here.

Thoughts?????

EDIT: Seems as though it depends on your chart feed whether or not you see the 4h bullish pin.
My IB feed does not show it but my metatrader 4 certainly does
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