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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

  • #91,401
  • Mar 11, 2011 3:56am Mar 11, 2011 3:56am
Quoting Kalbar
...
You existence sounds idyllic - surrounded by nature! It is what I aspire to myself as I live in a city(UK) but would like to move to a more rural country area surrounded by trees/animals/birds etc and do my trading whilst looking over peaceful and tranquil scenes. I am sure it would help the trading too!
...
thanks Sir Kal, but it's far from idyllic.
i still plan to move away from here... in a better, more secure & serene place, far from my non-symbiotic relatives

let's keep pursuing our dream
  • #91,402
  • Mar 11, 2011 3:56am Mar 11, 2011 3:56am
Quoting sammy31
Hope you and family are alright. I saw news of the earthquake on the TV, seems to have caused alot of damage.

Thanks Sammy.
  • #91,403
  • Mar 11, 2011 4:05am Mar 11, 2011 4:05am
Quoting supremeChaos
thanks Sir Kal, but it's far from idyllic.
i still plan to move away from here... in a better, more secure & serene place, far from my non-symbiotic relatives

let's keep pursuing our dream

Sometimes its these dreams that keep a lot of us going in trading........but we must also be aware of the work it takes to make it happen. But then again they are WORTH working for!

Best wishes to all in JapanPacific area.

kal
  • #91,404
  • Mar 11, 2011 4:18am Mar 11, 2011 4:18am
Quoting Greenhaze
Anybody took H1 pin on AU?

Beautifull setup

0.9990 - 1.000 looks like strong intraday support area now with SL orders probably stacked below that.

That set up might have served its purpose on the next bar ...

On Daily , it broke the triangle decisively , I would be very carefull not to expect too much from this set up ..

cheers

V
  • #91,405
  • Mar 11, 2011 4:43am Mar 11, 2011 4:43am
Quoting menomoo
That set up might have served its purpose on the next bar ...

On Daily , it broke the triangle decisively , I would be very carefull not to expect too much from this set up ..

cheers

V
Agree on that. With current market theme holding usd shorts is too risky but nevertheless this triangle doesnt encourage me to short it. There are other pairs more infected by usd strenght and risk aversion at the moment.
  • #91,406
  • Mar 11, 2011 4:53am Mar 11, 2011 4:53am
Quoting Pinbar
Fires in Tokyo it seems....This is the biggest one I have seen in 25 years.
Magnitude 7.9 they are not reporting.

Maybe some good shorts on the Yen. LOL

I must have trading in the head.
My thoughts are with you and your family PB. Have some family in Tokyo and only just heard they have been evacuated! Thankfully. From TV it looks bad!
  • #91,407
  • Mar 11, 2011 4:54am Mar 11, 2011 4:54am
C/J - First stronger support reached. 83.50 would be nice second target.

Shorted EURCHF at the daily resistance. Should have shorted EJ instead but this one might get a good kick later aswell.
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  • #91,408
  • Mar 11, 2011 4:55am Mar 11, 2011 4:55am
Quoting sr2
My thoughts are with you and your family PB. Have some family in Tokyo and only just heard they have been evacuated! Thankfully. From TV it looks bad!

Not heard of any evacuations, maybe near Tokyo bay because of the Tsunami.

Thanks for the good wishes.
  • #91,409
  • Mar 11, 2011 4:56am Mar 11, 2011 4:56am
Quoting Pinbar
Not heard of any evacuations, maybe near Tokyo bay because of the Tsunami.

Thanks for the good wishes.
The husband works for Mitsubishi UFJ so it may be a company thing...very little information at present, as you can imagine.

Tsunami warnings all over the place.

Be safe my friend.
  • #91,410
  • Mar 11, 2011 5:03am Mar 11, 2011 5:03am
here are a few longer term setups, weekly monthly looking good

1. EUR/USD monthly PinBar. Not much space but

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2.GBP/USD weekly bEOB, if this closes below 1.600 I am in. It is engulfing 4 bars we have divergence and a lot going for it

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Thoughts appreciated
  • #91,411
  • Mar 11, 2011 5:07am Mar 11, 2011 5:07am
Quoting sr2
The husband works for Mitsubishi UFJ so it may be a company thing...very little information at present, as you can imagine.

Tsunami warnings all over the place.

Be safe my friend.

You in Japan also?

Cell phones are useless even right now.

This probably adds to the problem, the landmine is also playing up.

Strange but the net has been stable all through it, never even got knocked off line.

They are saying there are around 40 dead they have found so far.
  • #91,412
  • Mar 11, 2011 5:39am Mar 11, 2011 5:39am
Quoting vasmiza
here are a few longer term setups, weekly monthly looking good
1. EUR/USD monthly PinBar. Not much space but
2.GBP/USD weekly bEOB, ..
...
Hello vasmiza,
it's too early to draw conclusions/battle plans for these two.
1st chart is a monthly chart. we still have a few weeks left for this candle to form.
for gbpusd, best to wait for it to close. just a few hours more to wait.

since a lot can happen from now until those candles completely form, it would be best to put your time (&/or analysis) into use in shorter term charts (H1 to Daily, if u look at/trade them) or on something personal (self/family/hobby).
  • #91,413
  • Mar 11, 2011 5:52am Mar 11, 2011 5:52am
Quoting supremeChaos
Hello vasmiza,
it's too early to draw conclusions/battle plans for these two.
1st chart is a monthly chart. we still have a few weeks left for this candle to form.
for gbpusd, best to wait for it to close. just a few hours more to wait.

since a lot can happen from now until those candles completely form, it would be best to put your time (&/or analysis) into use in shorter term charts (H1 to Daily, if u look at/trade them) or on something personal (self/family/hobby).
Hi Sc,

You are right first one not trade able. Was justr flipping through my charts and looked good so I posted it. You are right by the end of the month anything can happen

With regards to GBP/USD we need to wait until todays close to see whether it is trade able for next week.

Thanks for the clarification
  • #91,414
  • Mar 11, 2011 6:05am Mar 11, 2011 6:05am
Quoting jarroo
Hey Donkey and Atc . . you guys see this one, right? . . .

Nice clear line of Support . . I mean . .previous Support ..
Yes, nice Jim, retest confirming new Res.

Update E/J....woke up turned on news and saw the quake news....firstly, stay safe Steve(pinbar).....secondly, ran to pull my orders that I had placed on two pairs....took a 12 pip loss on E/J...but happy I closed earlier than my previous SL.

Trying to catchup with this thread
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  • #91,415
  • Mar 11, 2011 6:21am Mar 11, 2011 6:21am
Quoting AlanB
Curious, I noticed some people watching EUR/JPY for a possible long breakout.. I've been watching it for a possible short! It seems to have broke the 114.6 (where I have a support line drawn, which I now suspect will turn resistance), and next bar seems to have confirmed it on H4, waiting to see how it moves from here before I go short with target 113.6 .. so now I am wondering if people thinks I am nuts?
GAH! It was getting late, so I set up my trade to trigger when the previous low was broken and .. my stop loss was far too tight! It triggered on the short upswing then price plummets right through where my TP was set .. so frustrating

Any thoughts on where the EURJPY is going from here?


edit: just catching up, hope you guys in Japan are ok! Cursed phones, I can't get through to my friend out in Tokyo ..
  • #91,416
  • Mar 11, 2011 6:22am Mar 11, 2011 6:22am
Quoting Pinbar
Fires in Tokyo it seems....This is the biggest one I have seen in 25 years.
Magnitude 7.9 they are not reporting.

Maybe some good shorts on the Yen. LOL

I must have trading in the head.
Saw the news on yahoo this am and thought of you PB. Glad to hear you are safe. My thoughts and prayers go out to everyone affected.
  • #91,417
  • Mar 11, 2011 6:36am Mar 11, 2011 6:36am
Quoting Pinbar
You in Japan also?

Cell phones are useless even right now.

This probably adds to the problem, the landmine is also playing up.

Strange but the net has been stable all through it, never even got knocked off line.

They are saying there are around 40 dead they have found so far.
No I'm in the UK.

Yep the death toll is going up...I dread to think what the final figure will be looking at the pictures on TV
  • #91,418
  • Mar 11, 2011 6:38am Mar 11, 2011 6:38am
Quoting Atc
Yes, nice Jim, retest confirming new Res.

Update E/J....woke up turned on news and saw the quake news....firstly, stay safe Steve(pinbar).....secondly, ran to pull my orders that I had placed on two pairs....took a 12 pip loss on E/J...but happy I closed earlier than my previous SL.

Trying to catchup with this thread
Its sad to say but the earthquake worked in my favour...I sold EJ on Monday...made pips...but I hate it when it happens during something so sad! All those pips are going to charity!
  • #91,419
  • Mar 11, 2011 6:52am Mar 11, 2011 6:52am
Quoting sr2
Its sad to say but the earthquake worked in my favour...I sold EJ on Monday...made pips...but I hate it when it happens during something so sad! All those pips are going to charity!
Yep I am with you on this one

My thoughts and prayers are with all those in Japan and surrounding areas.

That is very scary, and all we can do is pray and send what we can

Mike
  • #91,420
  • Mar 11, 2011 7:01am Mar 11, 2011 7:01am
cad/jpy that I will be sending like SR2
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