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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

  • #95,061
  • May 8, 2011 5:08am May 8, 2011 5:08am
Quoting Greenhaze
Dont turn that up against me now. Learn to read with understanding.....thats all.
Thank you very much GH, of course not.

I will never, how could you even think so?
Thank you so much for everything. Thank you!
I will from now on read each of your posts TWICE, rethink twice and only then make my stupid comments.
Thank you Sir.

P.S. Sorry for any inconvinience I brought you....

  • #95,062
  • May 8, 2011 5:23am May 8, 2011 5:23am
OK... lets not trash this place. I've deleted my posts..
  • #95,063
  • May 8, 2011 5:28am May 8, 2011 5:28am
Quoting Greenhaze
OK... lets not trash this place. I've deleted my posts..
nice move there mate. this is a game everyone looses.

eu/us what does everyone think of the weekly BEOB??

jon
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PATIENCE... DISCIPLINE
  • #95,064
  • May 8, 2011 6:10am May 8, 2011 6:10am
Quoting g_j_hook@yah
eu/us what does everyone think of the weekly BEOB??

jon
Hey there Jon,

Putting recent news aside, there have obviously been some big moves across the Euro pairs. I'm trying to find the best looking one, with the strongest story.

I rather like the eurcad. A strong PPZ at 1.4000 broken with a firm closure below. Can we get a retracement to the 1.4000 level before another move down? Or is there too much momentum for a retracemnt?

Sorry to divert attention from your chart, but I'm curious whether we can get a similar retracement to the 1.4500 on the eurusd pair too. As above, with the current downward momentum, I wonder whether this can happen.

Tomek
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  • #95,065
  • May 8, 2011 6:25am May 8, 2011 6:25am
Quoting 5.25
Hey there Jon,

Putting recent news aside, there have obviously been some big moves across the Euro pairs....
yeah i like this too and i like the weekly BEOB on this pair too. i dont know if it will make it back to the 1.400 level but it would be cool to get a nice bar there if it does. we will have to see what the week brings. we have weekly/daily divergence too targeting around the 1.3600 level indicating more possible sell off. we have a PPZ at 1.3860/70 so we might get a bounce to that area with a possible setup?? either way i have a feeling we will get a bit of consolodation first??

jon
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PATIENCE... DISCIPLINE
  • #95,066
  • Edited 7:57am May 8, 2011 7:31am | Edited 7:57am
Quoting AndreasF
Thanks for the chart, AvanishDemo and thanks to Mike for his reply.

James mentioned in his free videos that he usually sets a 30 pips SL on D1.
I'm not sure if 30 pips is a bit too tight for trades placed on W1.
For this EURGBP trade on W1 if SL is placed outside the BEOB and profit target is 1,8650 we get an unattractive RR.

If we play this setup on the weekly what would be your SL?


Thanks for your advice
Andreas
i understand the RR thing u talking about..
its said not to really look for RR..u may take entry at retracement as well to get a palatable RR..that depends upon person to person..SL is traditionally kept at high/low of the bar(in this case 'high')..btw i have decided not to take this BEOB..looks fine bt will rather watch it..(still learning so..)
also it depends upon opening of price..if incase price opens up above 0.88..it would be no fun for me to watch this BEOB..

check out these 2 posts of Mike n James16..about RR..

http://www.forexfactory.com/showpost...ostcount=70154

http://www.forexfactory.com/showpost...ostcount=70155

if this helps.
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  • #95,067
  • May 8, 2011 8:07am May 8, 2011 8:07am
Thanks a lot, AvanishDemo -it is now clear

Cheers
Andreas

Quoting AvanishDemo
i understand the RR thing u talking about..
its said not to really look for RR..u may take entry at retracement as well to get a palatable RR..that depends upon person to person..SL is traditionally kept at high/low of the bar(in this case 'high')..btw i have decided not to take this BEOB..looks fine bt will rather watch it..(still learning so..)
also it depends upon opening of price..if incase price opens up above 0.88..it would be no fun for me to watch this BEOB..

check out these 2 posts of Mike n James16..about RR..

http://www.forexfactory.com/showpost...ostcount=70154...
  • #95,068
  • May 8, 2011 9:57am May 8, 2011 9:57am
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pat
  • #95,069
  • May 8, 2011 10:35am May 8, 2011 10:35am
I thought I would share some popular local music.

I saw someone posted their local motives before which I really liked.

So to this best ever GLOBAL thread on the internet from my part of the world.

Let's all be well, in peace and solidarity!

Hope you'll enjoy the rythm!



Inserted Video
  • #95,070
  • May 8, 2011 12:05pm May 8, 2011 12:05pm
Quoting g_j_hook@yah
nice move there mate. this is a game everyone looses.

eu/us what does everyone think of the weekly BEOB??

jon
i m really looking for a retracement on this pair before considering taking a short
  • #95,071
  • May 8, 2011 12:29pm May 8, 2011 12:29pm
Hi everybody.

I thought I share my thoughts on the JPY in general. After all, last week was very interesting. I hope some did super money on that. I did not loose any on the move, good enough to me.

Charts (level 123 on FXY is like 80 on UJ):
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Kind Regards zol
  • #95,072
  • May 8, 2011 2:59pm May 8, 2011 2:59pm
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Kind Regards zol
  • #95,073
  • Edited May 9, 2011 3:56am May 8, 2011 4:07pm | Edited May 9, 2011 3:56am
Quoting zoli
Hi everybody.

I thought I share my thoughts on the JPY in general. After all, last week was very interesting. I hope some did super money on that. I did not loose any on the move, good enough to me.

Charts (level 123 on FXY is like 80 on UJ):
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Hi Zoli. I have my eyes on that index aswell and it looks really interesting but i am more keen on EJ setup. Ecb informed that it is ready for the next intervention and BOJ no longer can say that Yen strenght is a byproduct of dollar weakness. They did intervene at that level (123/124 Jpy index) before on september if i remember correctlly. That support around the monthly BUOB looks juicy imo.
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  • #95,074
  • May 8, 2011 5:44pm May 8, 2011 5:44pm
Quoting Greenhaze
OK... lets not trash this place. I've deleted my posts..
Dang. I like controversy. I missed the posts you deleted.
Please, reverbalize them even if it is purely by PM
Iv'e seen you poking your nose out of the weeds & like your prospects.
Tradining Proess, In my camp, is not measured by Diplomatic Proess.

Float your boat. Assuming your Posts were not a Personal Attack That's what Open Forums are for.

B
  • #95,075
  • May 8, 2011 6:47pm May 8, 2011 6:47pm
Quoting Bemac
Dang. I like controversy. I missed the posts you deleted.
Please, reverbalize them even if it is purely by PM
Iv'e seen you poking your nose out of the weeds & like your prospects.
Tradining Proess, In my camp, is not measured by Diplomatic Proess.

Float your boat. Assuming your Posts were not a Personal Attack That's what Open Forums are for.

B
Couldn't agree more,there are a few folks on this forum that take things very personally and over react to anything that resembles criticism.
  • #95,076
  • May 9, 2011 12:12am May 9, 2011 12:12am
What a beautiful example of boxing.
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  • #95,077
  • May 9, 2011 2:43am May 9, 2011 2:43am
im on my old laptop i sold to a friend and came accross this post book marked.
check out Jduester's summery,s.

http://www.forexfactory.com/showthread.php?p=2585699

might help any people new to the thread...

jon
PATIENCE... DISCIPLINE
  • #95,078
  • May 9, 2011 4:15am May 9, 2011 4:15am
There were a few weekly BEOB's at the end of last week, how would the experts play them?
Specifically:EUR/USD,NZD/USD,AUD/USD,EUR/GBP,CHF/JPY and EUR/CAD.
  • #95,079
  • May 9, 2011 4:20am May 9, 2011 4:20am
Apple flagging with a buob.

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pat
  • #95,080
  • May 9, 2011 8:47am May 9, 2011 8:47am
Quoting edge540
There were a few weekly BEOB's at the end of last week, how would the experts play them?
Specifically:EUR/USD,NZD/USD,AUD/USD,EUR/GBP,CHF/JPY and EUR/CAD.
Hey

I spotted these ones too but none jumped out as A+ IMHO. However if one of the generous seniors like Mike etc could advise then I would like to hear their opinion on these setups.

Kal
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