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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

  • #94,621
  • Apr 30, 2011 10:30am Apr 30, 2011 10:30am
Quoting AvanishDemo
Cool bud!
seems like u have stashed up lots of money for ur next tour to India(dat will be 8th time visit right?)...wats ur next stop?Himachal Pradesh..??
yes. flights are booked.
meine augen sind die sterne
  • #94,622
  • Edited 1:24pm Apr 30, 2011 12:35pm | Edited 1:24pm
Quoting jeurre
hi, 5.25, just feel curious about your statement, you said both you assume are profiting consistently in long run, this sounds interesting......
:nerd:


jeurre
Sure thing Jeurre,

I haven't discovered anything new, all I'm trying to say is:

Person A + strategy A (can equal) = consistent profit
Person B + strategy B (can equal) = consistent profit

As opposed to:

Person A + strategy B (can equal) = consistent loss

You need to develop your own stratergy.

I'm new to this, still trying to find my way. Hope this helps.

Tomek
  • #94,623
  • Apr 30, 2011 1:18pm Apr 30, 2011 1:18pm
Quoting Pumlitch
The level seems to be strong.
The move ended in very sharp descending triangel (zoom in H4).
Brake down could bring us to 81.00 as we are back in the box.
Go out, there is a nice sunshine. See ya guys.
Jarda

Attachment
There we go.
Believe or not I made a loss there. Entered on friday afternoon and was kicked out during sunday/monday night. Very bad timing.
Best weekend to all
Jarda
Attached Image (click to enlarge)
Click to Enlarge Name: 4_30_Chart_USD_JPY_4 Hours_snapshot.png Size: 22 KB
Follow my trading on Twitter and FB: @pumlitch
  • #94,624
  • Apr 30, 2011 2:17pm Apr 30, 2011 2:17pm
ok, let's start the weekend with this chart:
alk on weekly
breakout already happened on friday. last two daily close's were very strong with a close nearly at dayhigh. volume ok.
65 usd was the trigger. chart is now at all-time-high. strong uptrend since june 2009; in a sidewys market for about 5 months recently.
conservative traders may wait for a retest of the 65.00 usd; others enter with a market-order.
Attached Image (click to enlarge)
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meine augen sind die sterne
  • #94,625
  • Apr 30, 2011 4:04pm Apr 30, 2011 4:04pm
Renault.
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Nothing personal,just business
  • #94,626
  • Apr 30, 2011 4:21pm Apr 30, 2011 4:21pm
Quoting fxgroup
Renault.
thanks for posting! which brokers is that?
1st. the weekly setup (weekly bar) looks good. at first. but then you see that the stock wasn't able to make a new high for the last three days. even a kind of a inverted pinbar on friday's candle.
2nd. on daily renault was in a downtrend since january. french cac 40 was moving up through this time.
positiv: daily looks loke a w-formation. bullish.
meine augen sind die sterne
  • #94,627
  • Apr 30, 2011 4:43pm Apr 30, 2011 4:43pm
will definately watch this next week. german adidas on weekly. third attemp to break the reistance at about 51.60 eur. volume below the last weeks because we had only 4 instead of 5 trading days. friday's close was at dayhigh.
Attached Image (click to enlarge)
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meine augen sind die sterne
  • #94,628
  • Apr 30, 2011 4:51pm Apr 30, 2011 4:51pm
Quoting aserbfx
german leoni on weekly. very nice where the retrace stopped (25 eur). above 35 eur a long should be considered. highest close since 2.5 years. strong close on thursday at dayhigh. volume above average indicating a breakout. given that we had only 4 instead of 5 trading days last week. could be a real runner. please do your own analysis. don't trade any of my setups without making your own analysis...
it would be a great deal if i would not only post these setups but more trade (all of) them:
leoni up +6% (!!!) since my call last week (currently +8%).
Attached Image (click to enlarge)
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meine augen sind die sterne
  • #94,629
  • Apr 30, 2011 5:19pm Apr 30, 2011 5:19pm
Quoting jarroo
I just got stopped out for break even on this Usd/Cad Weekly PB. . .no loss for me. . . .Why didn't I take profit when I had the chance . .
Shaken out by minor retracement?...Sucker!...I am still in.
  • #94,630
  • Apr 30, 2011 8:44pm Apr 30, 2011 8:44pm
Quoting Greenhaze
Shaken out by minor retracement?...Sucker!...I am still in.
which bar is this i dotn see it
  • #94,631
  • Apr 30, 2011 9:35pm Apr 30, 2011 9:35pm
Quoting jarroo
I just got stopped out for break even on this Usd/Cad Weekly PB. . .no loss for me. . . .Why didn't I take profit when I had the chance . .
Hold on is that another Pb I am seeing there, Plz don't get stopped out on this one. Just BE at FTA and ignore the BRN. You'll definetly catch the runner this time around.

Is this the bar you are speaking about or am i seeing things?
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  • #94,632
  • May 1, 2011 1:04am May 1, 2011 1:04am
Quoting Greenhaze
Shaken out by minor retracement?...Sucker!...I am still in.


class

jon
PATIENCE... DISCIPLINE
  • #94,633
  • May 1, 2011 1:47am May 1, 2011 1:47am
some more breakouts for next week to watch:
aiz: > 42 usd
aee: > 30 usd, brn
ben: > 130 usd
all weekly charts
Attached Image(s) (click to enlarge)
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meine augen sind die sterne
  • #94,634
  • May 1, 2011 2:04am May 1, 2011 2:04am
Quoting AvanishDemo
I like this PB..
It has now formed like a double-top on monthly..nice PPZ..1.0400 RN..
Nose of PB looks fine..overall adding to the story!

EDIT:Updated Chart!
Dear Avanish,
Nice to see another fellow Indian here.
First i have some comments.
Please See that the bar is a friday bar,which means it can be deceptive.
Moreover the last bar was a big breakout candle as i see it,Now i did not take pains to see this through my chart very much but as i can see clearly,that size of last bar is very huge and the next so called pin bar is a profit taking bar.

What i think is that this bar is a mere profit taking bar and nothing more then that.
On weekly when i see the picture i see that this was a huge attempt to push through Resistance Cluster,as it still shows a big breakout bar over there.
Please be aware that it is also successfully sitting on a support cluster now.

I know i know the looks and zones may be looking attractive but they are not.
Just because market pushed up in such high speed does not mean it has to fall forming a pin bar.
Market can and will go 1000 pips against us if it wants,we must see what it wants to do.
What i think is its not so good a bar.
If you really want to take it better let it break support cluster and sell at pullback.
regards
Taz
Attached Image (click to enlarge)
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  • #94,635
  • May 1, 2011 2:47am May 1, 2011 2:47am
Quoting 666Doom
Dear Avanish,
Nice to see another fellow Indian here.
First i have some comments.
Please See that the bar is a friday bar,which means it can be deceptive.
Moreover the last bar was a big breakout candle as i see it,Now i did not take pains to see this through my chart very much but as i can see clearly,that size of last bar is very huge and the next so called pin bar is a profit taking bar.

What i think is that this bar is a mere profit taking bar and nothing more then that.
On weekly when i see the picture i see that this was a huge attempt...
Cool!
js DEMOing n practicing with setups!!
  • #94,636
  • May 1, 2011 4:25am May 1, 2011 4:25am
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pat
  • #94,637
  • May 1, 2011 4:30am May 1, 2011 4:30am
Quoting aserbfx
ok, let's start the weekend with this chart:
alk on weekly
breakout already happened on friday. last two daily close's were very strong with a close nearly at dayhigh. volume ok.
65 usd was the trigger. chart is now at all-time-high. strong uptrend since june 2009; in a sidewys market for about 5 months recently.
conservative traders may wait for a retest of the 65.00 usd; others enter with a market-order.
I like it

pat
  • #94,638
  • May 1, 2011 4:54am May 1, 2011 4:54am
Quoting jarroo
I just got stopped out for break even on this Usd/Cad Weekly PB. . .no loss for me. . . .Why didn't I take profit when I had the chance . .
Quoting Greenhaze
Shaken out by minor retracement?...Sucker!...I am still in.
Just brilliant!

Good example why beginners should always stick to the higher time frames.
  • #94,639
  • May 1, 2011 5:08am May 1, 2011 5:08am
as we discus very nice beob on eur/cad i wanna show u some similarity to chart with silver (silver looks much worse than eur/cad now)but again look at strong double top whcih silver cant brake lower and than look at gold i also make beob same day but bar doesn look stron as on silver but gold tell us much more story like silver.again eur/cad can be very nice trade but for me eur/gbp looks better because this double top on eur/cad
Attached Image(s) (click to enlarge)
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  • #94,640
  • May 1, 2011 8:36am May 1, 2011 8:36am
nice setup on cvd. weekly chart. looks good above 64 usd.
Attached Image (click to enlarge)
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meine augen sind die sterne
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