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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

  • #94,041
  • Apr 19, 2011 5:22am Apr 19, 2011 5:22am
Quoting supremeChaos
havent checked many pairs, but..
i think eur, aud, gbp upmove have lifted chf crosses
something has to give though...us or the eu.
time will tell..

sent you that PM

jon
PATIENCE... DISCIPLINE
  • #94,042
  • Apr 19, 2011 5:38am Apr 19, 2011 5:38am
Quoting g_j_hook@yah
usd/chf up
eu/us up
gb/us up
???

wot happon ??
usd and chf down .... chf > usd
Hero calls followed by margin calls...
  • #94,043
  • Apr 19, 2011 5:50am Apr 19, 2011 5:50am
Quoting Osman
4hr trade on EUR/CHF

 

  1. BUOB engulfing 3 previous bars
  2. Excellent location, check 1.2730 ppz on the daily
  3. 61.8 FIB

1.2840 Take profit

Os.

I've been away for a bit, haven't able to tend to the charts (family medical issues), but wanted to point out (IMO) for touch trading what a great location this was for trading. That daily PPZ held nicely.

Big thumbs up to you OS
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  • #94,044
  • Apr 19, 2011 5:56am Apr 19, 2011 5:56am
Quoting PhAnTi'
usd and chf down .... chf > usd
thanx for you input , its not often we see the eu and the us move in tandem, even in this short term view. just found it interesting. dont think it will last long though ..you?

jon

p.s. that bundy quote is hilarious!!
PATIENCE... DISCIPLINE
  • #94,045
  • Apr 19, 2011 6:02am Apr 19, 2011 6:02am
On my radar
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  • #94,046
  • Apr 19, 2011 6:33am Apr 19, 2011 6:33am
Quoting Atc
On my radar
check your trendlines
Hero calls followed by margin calls...
  • #94,047
  • Apr 19, 2011 6:35am Apr 19, 2011 6:35am
Quoting g_j_hook@yah
thanx for you input , its not often we see the eu and the us move in tandem, even in this short term view. just found it interesting. dont think it will last long though ..you?

jon

p.s. that bundy quote is hilarious!!
nope, wont.

anyway i dont use correlations in my trading.

need to check my dicitonary for ''bundy'' first : p
Hero calls followed by margin calls...
  • #94,048
  • Apr 19, 2011 6:48am Apr 19, 2011 6:48am
Quoting Atc
I've been away for a bit, haven't able to tend to the charts (family medical issues), but wanted to point out (IMO) for touch trading what a great location this was for trading. That daily PPZ held nicely.

Big thumbs up to you OS
Hope all is ok Bill, take care of everything

Best
Mike
  • #94,049
  • Apr 19, 2011 6:53am Apr 19, 2011 6:53am
Quoting g_j_hook@yah
usd/chf up
eu/us up
gb/us up
???

wot happon ??
Risk aversion unwinding. Looks like typical scenario after yesterday news-driven selloffs.
  • #94,050
  • Apr 19, 2011 7:32am Apr 19, 2011 7:32am
Quoting PhAnTi'
check your trendlines
  • #94,051
  • Apr 19, 2011 7:35am Apr 19, 2011 7:35am
A trade i am in from the morning. Strong close above 1.4250 level and break of BUOB with stop just under the support. 1.4350 looks good for TP.
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  • #94,052
  • Apr 19, 2011 8:16am Apr 19, 2011 8:16am
Hello
What do you think about this?
Entry on break of BUOB. Short stop below 6300.
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  • #94,053
  • Apr 19, 2011 9:46am Apr 19, 2011 9:46am
Quoting V1ruSok
Hello
What do you think about this?
Entry on break of BUOB. Short stop below 6300.
Hi V

Before taking a trade, always establish where your FTA is.

Here you will see your FTA is very close.
GU is in an H4 flag pattern. If your BUOB had closed outside the flag, I would have paid it attention.
The trouble here is that it may well bounce down from the top of the flag

Best

If
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  • #94,054
  • Apr 19, 2011 10:03am Apr 19, 2011 10:03am
Ifmyante, Thanks a lot for giving such a logical explaination.
It helped a lot to see price movements clearer.

Thanks
Andreas


Quoting Ifmyante
Hi V

Before taking a trade, always establish where your FTA is.

Here you will see your FTA is very close.
GU is in an H4 flag pattern. If your BUOB had closed outside the flag, I would have paid it attention.
The trouble here is that it may well bounce down from the top of the flag

Best

If
  • #94,055
  • Apr 19, 2011 10:46am Apr 19, 2011 10:46am
Quoting Ifmyante
Hi V

Before taking a trade, always establish where your FTA is.

Here you will see your FTA is very close.
GU is in an H4 flag pattern. If your BUOB had closed outside the flag, I would have paid it attention.
The trouble here is that it may well bounce down from the top of the flag

Best

If
Thanks for reply.
What can be FTA?
1. Recent highlow.
2. PPZ.
3. Consolidation borders.
4. TL's
5. RN's
6. something else.....
If possible, place on your opinion in order of importance
  • #94,056
  • Apr 19, 2011 10:47am Apr 19, 2011 10:47am
Quoting AndreasF
Ifmyante, Thanks a lot for giving such a logical explaination.
It helped a lot to see price movements clearer.

Thanks
Andreas
My pleasure Andreas

It'll become second nature for you soon enough
  • #94,057
  • Apr 19, 2011 10:51am Apr 19, 2011 10:51am
Trade update...

The second half is now at +64 pips...let's see if it can reach my target between today and tomorrow...
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Market is like a puzzle, YOU have to fit the pieces!!
  • #94,058
  • Apr 19, 2011 11:07am Apr 19, 2011 11:07am
Quoting V1ruSok
Thanks for reply.
What can be FTA?
1. Recent highlow.
2. PPZ.
3. Consolidation borders.
4. TL's
5. RN's
6. something else.....
If possible, place on your opinion in order of importance
Hey V

Since FTA is the very First trouble area it can be any of the above, and not necessarily one more important then the other. It depends on that specific situation. The FTA is nothing more then the first point that price may find trouble and from there we can be more logical in our trade planning

Take care
Mike
  • #94,059
  • Edited 1:05pm Apr 19, 2011 11:22am | Edited 1:05pm
Quoting mbqb11
Hey V

Since FTA is the very First trouble area it can be any of the above, and not necessarily one more important then the other. It depends on that specific situation. The FTA is nothing more then the first point that price may find trouble and from there we can be more logical in our trade planning

Take care
Mike
Your talent to explain things in simple words amazes me, really)
Can you see my post #93843 ,Mike?
  • #94,060
  • Edited 11:44am Apr 19, 2011 11:26am | Edited 11:44am
Quoting V1ruSok
Thanks for reply.
What can be FTA?
1. Recent highlow.
2. PPZ.
3. Consolidation borders.
4. TL's
5. RN's
6. something else.....
If possible, place on your opinion in order of importance
Sorry I didn't see your questions 'til now.

I have the simplest view on the thread I'm sure, of where the FTA is

On a long:
The last place it was clearly decided that the asset was too expensive, and price shot down

On a short:
The last place it was clearly decided that the asset was too cheap, and price shot up

I've put a few on a chart below
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