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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

  • #92,561
  • Mar 30, 2011 1:54pm Mar 30, 2011 1:54pm
Quoting Adilius07
LOL, not only they are the same on all time frames, but they also look the same on different pairs too!

The thing that cofuse me the most on Higher TF is if I look for a level, I would usually find a bar, for example a previous Daily BUOB (and I am looking to short from H4) now I begin to experience those strong doubts: did that Daily BUOB reached its target or not, is it still in play or not, can I fade it, am I fading it or I am ok etc... and then begins this process of switching back and forward between TF's trying to make up my mind...which...

I see, Adilius. Then I would just stick to the time frame that the setup was presented on . .in this case a Daily BUOB. You never see James16 switch to lower time frame from a daily setup. . .so you would be in good company. . .
Indicators show the past. Price Action "Indicates" the future.
  • #92,562
  • Mar 30, 2011 1:55pm Mar 30, 2011 1:55pm
Quoting aserbfx
i don't know if this setup has already been díscussed.
chart nzd/usd touch trade at fib-confluence, s/r and minor rn. 0.7650.
comments appreciated
Certainly a multi confluence scenario.
Personally I would look for some sort of bar formation BEOB or PB and then short.
  • #92,563
  • Mar 30, 2011 2:00pm Mar 30, 2011 2:00pm
Hey Jarroo..do u prefer A+ setups formed at late NY sessions..?i always doubt the late NY sessions..so i stay away from these..
can u tell me wat u mean by this buddy? is it smthn like if it does not break until london u will jump into the setups..

Quoting jarroo
The BEOBs on those pairs look real good. To late in the day for me to play them now. . . lets's hope they don't break until London . .
  • #92,564
  • Mar 30, 2011 2:02pm Mar 30, 2011 2:02pm
I looked back a page real quick and didn't see this posted:

Real time post:

Can't post a chart at the moment but there is a real nice 4h (New York close) bearish pin bar which tagged a strong horizontal Daily resistance line.

GBP CHF
  • #92,565
  • Mar 30, 2011 2:03pm Mar 30, 2011 2:03pm
Quoting haircut
Here is a break out trade i took today ( demo only ) would appreciate any thoughts.

The price broke through support on my chart and closed below, retested and closed below and then I entered on the break of the BEOB and closed the trade at the FTA which was the BRN

Any advice much appreciated

cheers

Great story you got there, haircut . .it works for me .. .

.9700 is just a RN not a BRN . .BRNs on this pair are the 1.0000, .9500, .9000, .8500
Indicators show the past. Price Action "Indicates" the future.
  • #92,566
  • Mar 30, 2011 2:11pm Mar 30, 2011 2:11pm
Quoting crusen
I looked back a page real quick and didn't see this posted:

Real time post:

Can't post a chart at the moment but there is a real nice 4h (New York close) bearish pin bar which tagged a strong horizontal Daily resistance line.

GBP CHF
This pair has pin bars as well. This is the 1H view in the UK.
Hmmmmm....

The Swissy has been given a dose of steroids today. I wonder if the Swiss bankers have been into the market. This looks a little interventionalist which might give a false picture. The Swiss Central Bank has a bit of a habit of doing this.
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  • #92,567
  • Mar 30, 2011 2:17pm Mar 30, 2011 2:17pm
Quoting AvanishDemo
Hey Jarroo..do u prefer A+ setups formed at late NY sessions..?i always doubt the late NY sessions..so i stay away from these..
can u tell me wat u mean by this buddy? is it smthn like if it does not break until london u will jump into the setups..
I don't care when an A+ setup is formed but I do care when they break. Off market hours or weak market hours like the Asain session and late New York don't have the volatility we like to see . there are exception to this of course.

I want to give a setup the best chance to work out . .so trading during the high volatility hours ..London/New York . .is always the best.
Indicators show the past. Price Action "Indicates" the future.
  • #92,568
  • Mar 30, 2011 2:21pm Mar 30, 2011 2:21pm
Quoting aserbfx
ko. watch for a breakout today. above 66 usd.
i will take profit on ko before the closing bell. breakout wasn't very strong. i expect a fall below the breakout area at 66 usd. will not hold overnight. position is too big. currently about +0.6%.
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meine augen sind die sterne
  • #92,569
  • Mar 30, 2011 2:23pm Mar 30, 2011 2:23pm
Quoting Greenhaze
BOJ+G7 are selling yen. BOE and ECB are slowly starting the process of raising interest rates. Is it good time for carry traders to hop on the ***/jpy long train?

The market conditions are appealing and...this monthly PB looks super attractive.

Got my eye on this one, GH . . .
Indicators show the past. Price Action "Indicates" the future.
  • #92,570
  • Mar 30, 2011 2:28pm Mar 30, 2011 2:28pm
Quoting Ifmyante
Just my thoughts on possible RT entry points.

Rather than see a full position go into DD, I've entered short at the first entry line. I can then add more on further retracement, lessening the risk each time.

If it runs without retracing further, I can still re enter on later similar retracements, paying close attention to S/R. I'd rather profit a little less than DD a full position. I HATE drawdown

I know I'm posting an M5 chart, but it is still in the context of the H4 BEOB
Interesting Ifmy . . . What is an imbalance?
Indicators show the past. Price Action "Indicates" the future.
  • #92,571
  • Mar 30, 2011 2:39pm Mar 30, 2011 2:39pm
Quoting Greenhaze
BOJ+G7 are selling yen. BOE and ECB are slowly starting the process of raising interest rates. Is it good time for carry traders to hop on the ***/jpy long train?

The market conditions are appealing and...this monthly PB looks super attractive.
The monthly pinbar looks like it is another side effect of the tsunami that hit Japan on 11th March.

It sent the yen into a super nosedive from which it has pretty much recovered - hence the nice pb on the monthly.

This doesn't reflect a change in market sentiment just there were panic stations before it was clear how much damage had been done.
  • #92,572
  • Mar 30, 2011 2:41pm Mar 30, 2011 2:41pm
Hi everyone,
I'm back to forex after 1 year ... just read the few previous posts and I'll stuck to this thread with Daily graphs for a long time
I think I'll have to remember a few more things but tonight, I like the cad/chf daily PB but it has to close within the previous bar.
Manu
  • #92,573
  • Mar 30, 2011 2:50pm Mar 30, 2011 2:50pm
Quoting jarroo
Great story you got there, haircut . .it works for me .. .

.9700 is just a RN not a BRN . .BRNs on this pair are the 1.0000, .9500, .9000, .8500

Thanks for your help jarroo will note the advice!!!
  • #92,574
  • Mar 30, 2011 2:51pm Mar 30, 2011 2:51pm
Quoting djmanu
Hi everyone,
I'm back to forex after 1 year ... just read the few previous posts and I'll stuck to this thread with Daily graphs for a long time
Tonight, I like the cad/chf daily PB but it has to close within the previous bar.
Manu
It's there already on GMT.
The tip of the preceding bar's wick is at .94566.
The body of the pinbar has a current close at .94556.
Price is still moving down so likely it will be a good 'un.
  • #92,575
  • Mar 30, 2011 2:53pm Mar 30, 2011 2:53pm
Quoting haircut
Thanks for your help jarroo will note the advice!!!
RNs are good targets. When in doubt on a FTA or target, I'll take the RN every time ..
Indicators show the past. Price Action "Indicates" the future.
  • #92,576
  • Mar 30, 2011 3:04pm Mar 30, 2011 3:04pm
Quoting Atc
Very interesting, Jim, the battle of parity continues, dug in the trenches of 1.000...god I love this ....we know, and as James has taught we often see opposing PB's/reversals...this does not surprise us, right.
The battle continues . .
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Indicators show the past. Price Action "Indicates" the future.
  • #92,577
  • Mar 30, 2011 3:04pm Mar 30, 2011 3:04pm
has anyone this buob on his watchlist?
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  • #92,578
  • Mar 30, 2011 3:06pm Mar 30, 2011 3:06pm
Quoting aserbfx
i will take profit on ko before the closing bell. breakout wasn't very strong. i expect a fall below the breakout area at 66 usd. will not hold overnight. position is too big. currently about +0.6%.
@aserbfx.

I see you post a lot of stocks. I spread bet with GFT and there are plenty of stocks to go for - never counted them all but there will be 100's.
The things that has put me off is get at the charts so I can scan them for nice set ups but also the spreads always seems to high.

Are you getting your charts off your platform?
Also what are your prices like?

Example Coca Cola Enterprises (CCE) has a buy buy price at 2737.0 and sell 2730.1.

Boeing Corp has a buy of 7384.0 and sell 7377.1.

How does that compare for you?
  • #92,579
  • Mar 30, 2011 3:08pm Mar 30, 2011 3:08pm
Quoting trader3000
has anyone this buob on his watchlist?
yes, but i would only consider it, if the buob-candle breaks. on this last candle supply entered exactly at the same area as last time. although this buob is in a sidewys market, not at a swing low.
meine augen sind die sterne
  • #92,580
  • Mar 30, 2011 3:09pm Mar 30, 2011 3:09pm
Has anyone covered this yet?

For: possible close beneath .92 and HCR, 38.2 fib
Against: 2 bars prior to pb, would have liked tail closer to .93

I think also .9167 might cause a problem? With safety and take profit at .91

https://lh5.googleusercontent.com/_T...f-daily-pb.png
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