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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

  • #90,721
  • Mar 4, 2011 5:13am Mar 4, 2011 5:13am
My buy order awaits above. I think this is a great setup. Let's see.
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  • #90,722
  • Mar 4, 2011 5:16am Mar 4, 2011 5:16am
Quoting Adilius07
My buy order awaits above. I think this is great setup. Let's see.

A great setup would be if that BUOB was at a swing low . .but as a continuation BUOB it may work out fine . .just be prepared for some retracement

Just some thoughts,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #90,723
  • Mar 4, 2011 5:18am Mar 4, 2011 5:18am
Quoting jarroo
A great setup would be if that BUOB was at a swing low . .but as a continuation BUOB it may work out fine . .just be prepared for some retracement

Just some thoughts,

Jim
Hi Jarroo, yes at swing low would be super great! I think tradable at least, for sure. Monitoring it closely now, I'm in.
  • #90,724
  • Mar 4, 2011 5:36am Mar 4, 2011 5:36am
Weekly PB seems to be likely. Price is around trendline. Good for a quick bounce. Who is considering a trade?
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  • #90,725
  • Mar 4, 2011 5:54am Mar 4, 2011 5:54am
Quoting trader3000
Weekly PB seems to be likely. Price is around trendline. Good for a quick bounce. Who is considering a trade?
I like your TL, but if we close below PPZ, I'd give it a miss
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  • #90,726
  • Mar 4, 2011 6:06am Mar 4, 2011 6:06am
Quoting Adilius07
My buy order awaits above. I think this is a great setup. Let's see.
At BE now, just watching.
  • #90,727
  • Mar 4, 2011 6:14am Mar 4, 2011 6:14am
Don't forget NFP lottery soon.
  • #90,728
  • Mar 4, 2011 6:23am Mar 4, 2011 6:23am
[quote=jarroo;4446996]
Quoting sr2

You're the Man ..SR2 ..

But you guys know that when we do the reseach ourselves we benefit more directly and learn many other things .
I agree 100% Jarroo, but it sure helps when some one steers you in the right direction! I think SR2 is right that we all have to develop our own criteria for taking a trade.
" I can read the left side of the chart, the right side's a Bitch!
  • #90,729
  • Mar 4, 2011 6:53am Mar 4, 2011 6:53am
Quoting Adilius07
My buy order awaits above. I think this is a great setup. Let's see.
At BE now, just watching.

EDIT: Out @BE
  • #90,730
  • Mar 4, 2011 7:16am Mar 4, 2011 7:16am
Quoting Adilius07
At BE now, just watching.

EDIT: Out @BE

Well this GBPJPY (H4 BUOB) stopped me at BE almost to the pip and took off from there hard! Those are the worst
  • #90,731
  • Mar 4, 2011 7:35am Mar 4, 2011 7:35am
Quoting Adilius07
Well this GBPJPY (H4 BUOB) stopped me at BE almost to the pip and took off from there hard! Those are the worst

The "Worst"! LoL

I think there are much worse ways to get stopped out.
  • #90,732
  • Mar 4, 2011 7:38am Mar 4, 2011 7:38am
Quoting Pinbar
The "Worst"! LoL

I think there are much worse ways to get stopped out.
lol, that's my greed is getting out like this sometimes.
I know BE is a winner

Looking at the charts now really I should watch out for those Economic Events when I trade intrade, or should I not?
PA still rules, that BUOB still hit it's target

Also, was thinking A LOT really and I think I will include H8 and H4, so that was my first live H4 trade.
  • #90,733
  • Mar 4, 2011 7:46am Mar 4, 2011 7:46am
Quoting Adilius07
lol, that's my greed is getting out like this sometimes.
I know BE is a winner

Looking at the charts now really I should watch out for those Economic Events when I trade intrade, or should I not?
PA still rules, that BUOB still hit it's target

Also, was thinking A LOT really and I think I will include H8 and H4, so that was my first live H4 trade.
Now reversing strongly from BRN 135.. triggerred by NFP.
  • #90,734
  • Mar 4, 2011 7:51am Mar 4, 2011 7:51am
price off 1.4 and now forming pbs on daily & h4 timeframe.
looks promising. any comments

edit: we have divergence as well
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  • #90,735
  • Mar 4, 2011 7:57am Mar 4, 2011 7:57am
Quoting trader3000
price off 1.4 and now forming pbs on daily & h4 timeframe.
looks promising. any comments

edit: we have divergence as well
1. we have a very strong uptrend.
2. we don't have divergence yet. macd is still rising. as soon as we get a bar smaller than the previous one on macd , then we have divergence.
3. bar is very small.
just mho.
meine augen sind die sterne
  • #90,736
  • Mar 4, 2011 7:58am Mar 4, 2011 7:58am
I'm watching USDCHF, once price has broken through the strong support/resistance line, would this be a good setup to go long?
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  • #90,737
  • Mar 4, 2011 8:00am Mar 4, 2011 8:00am
Quoting cprao
Now reversing strongly from BRN 135.. triggerred by NFP.
If it close like this it would be one huge PB at swing high...
  • #90,738
  • Mar 4, 2011 8:07am Mar 4, 2011 8:07am
Quoting Adilius07
If it close like this it would be one huge PB at swing high...
In fact, I was hoping for the same, and also I would like the close under 134. 134.20 seems like a good ppz on my FXDD chart.
  • #90,739
  • Mar 4, 2011 8:10am Mar 4, 2011 8:10am
Quoting aserbfx
1. we have a very strong uptrend.
2. we don't have divergence yet. macd is still rising. as soon as we get a bar smaller than the previous one on macd , then we have divergence.
3. bar is very small.
just mho.
thanks for your opinion. i do only expect a retracement. price is currently at fibonacci confluence zone, where a counter movement is likely. Still we have to wait to see if the bar can qualify as an inferior pb.
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  • #90,740
  • Mar 4, 2011 8:13am Mar 4, 2011 8:13am
Quoting cprao
In fact, I was hoping for the same, and also I would like the close under 134. 134.20 seems like a good ppz on my FXDD chart.
I don't know if it close below 134 it would not look PB, maybe its better then to have it as BEOB, one super huge BEOB?

Also, I often scared to fade opposing setups, for this PB it would be that previous BUOB... but again like Jarroo usually says: that BUOB has reached it's target so maybe it is not a problem...
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