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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

  • #95,161
  • May 11, 2011 6:54am May 11, 2011 6:54am
This H8 BEOB doesn't look good to my long position. (which closes in 5 min)

My last line of defence is those bar highs at 37.90 if price will break it I think I should exit with some profit left...

what do you think?
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  • #95,162
  • May 11, 2011 7:15am May 11, 2011 7:15am
Quoting Adilius07
This H8 BEOB doesn't look good to my long position. (which closes in 5 min)

My last line of defence is those bar highs at 37.90 if price will break it I think I should exit with some profit left...

what do you think?
Out of this trade with 0.7R profit...
  • #95,163
  • May 11, 2011 7:31am May 11, 2011 7:31am
I shorted on break of BEOB at the swing high,
hope that this setup qualifies for a valid J16 trade

Cheers
Andreas
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  • #95,164
  • May 11, 2011 8:39am May 11, 2011 8:39am
Quoting AndreasF
I shorted on break of BEOB at the swing high,
hope that this setup qualifies for a valid J16 trade

Cheers
Andreas

Might be an idea to watch out for this consolidation area.
Also, note how the H4 BEOB could not close below the 61.8 fibo.
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  • #95,165
  • May 11, 2011 8:49am May 11, 2011 8:49am
Thanks a lot for the chart and your thoughts, Pinbar.
I missed the 61.8 part and already closed the position at 1.0795.


Cheers
Andreas


Quoting Pinbar
Might be an idea to watch out for this consolidation area.
Also, note how the H4 BEOB could not close below the 61.8 fibo.
  • #95,166
  • May 11, 2011 9:37am May 11, 2011 9:37am
Quoting aserbfx
took a long time to get this done. already crossed the 55 usd and approaching the upper triangle and 365 ema. if it breaks to the upside, there is a trouble area right above at about 58 usd.
comments appreciated...
had a fairly big position on amgn, but sold most on the way up. stock performed good in realtion to the market. will hold the remaining position till 65 usd. next trouble area is the brn 60 usd.
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meine augen sind die sterne
  • #95,167
  • May 11, 2011 9:47am May 11, 2011 9:47am
Nice looking P/B forming on daily.

Pros- confl. with PPZ, RN and 61.8 fib.

Cons - would need to close above previous bar lows and buying straight into 0.9600 RN. Against long term trade.

Verdict - Think I'll leave this one alone.

Comments very much appreciated
Thanks
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  • #95,168
  • May 11, 2011 10:18am May 11, 2011 10:18am
Quoting john225
Thanks to the one who pointed HWCC out here

Opinions welcome ;-)
Don´t like these moments :-D

Any comments on my management are welcome
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  • #95,169
  • May 11, 2011 10:41am May 11, 2011 10:41am
Looking for PA around 33/34
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  • #95,170
  • May 11, 2011 10:50am May 11, 2011 10:50am
Quoting aserbfx
i took profit with 2/3 of my position here at 45.29 usd. nearly +3% in one trading session.

everybody dance now...

http://www.youtube.com/watch?v=RbUpz...eature=related
lol good old bollywood.

I am sure Avanish would agree.

g.
I believe . . .
  • #95,171
  • May 11, 2011 11:03am May 11, 2011 11:03am
Quoting Pumlitch
Hi,
here you go. It's for MT4.
Jarda
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thanks
  • #95,172
  • May 11, 2011 11:24am May 11, 2011 11:24am
Just close as is....
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  • #95,173
  • May 11, 2011 11:44am May 11, 2011 11:44am
Almost getting Failed.
This is gonna go straight into the heart...

well letme guess...is this bcos all EURO pairs are in bearish mode?the correlation thing?
bcos we do have some strong BEOBs on some Euro pairs...

All i could wait is to expect something miracle from 115...
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  • #95,174
  • May 11, 2011 11:47am May 11, 2011 11:47am
Quoting ghous
lol good old bollywood.

I am sure Avanish would agree.

g.
yeah,good old SRK movies..his recent movies are boring..but yeah good ol' 90 times
  • #95,175
  • May 11, 2011 11:51am May 11, 2011 11:51am
Quoting AvanishDemo
Almost getting Failed.
This is gonna go straight into the heart...

well letme guess...is this bcos all EURO pairs are in bearish mode?the correlation thing?
bcos we do have some strong BEOBs on some Euro pairs...

All i could wait is to expect something miracle from 115...
It got me too Avanish. The bearish outside bar on the Euro is making its presence felt. And looking at that daily bar in hindsight, it should have been bigger for me. I was itching to trade and got sucked in. Still gotta work on that. *sigh*.
"Don't trade to trade . . . trade to win." - James16
  • #95,176
  • May 11, 2011 12:20pm May 11, 2011 12:20pm
Quoting Flem26
It got me too Avanish. The bearish outside bar on the Euro is making its presence felt. And looking at that daily bar in hindsight, it should have been bigger for me. I was itching to trade and got sucked in. Still gotta work on that. *sigh*.
if incase we are right that the bearish mode on EURO pairs put us off on this one then i think here wat pysche comes into play...
lets not worry...
there is always a TOMORROW
  • #95,177
  • May 11, 2011 12:29pm May 11, 2011 12:29pm
Quoting AvanishDemo
Almost getting Failed.
This is gonna go straight into the heart...

well letme guess...is this bcos all EURO pairs are in bearish mode?the correlation thing?
bcos we do have some strong BEOBs on some Euro pairs...

All i could wait is to expect something miracle from 115...
I took a half bar loss on this one myself. Love the 115 still do, and we may even have an opportunity to short it too

Best
Mike
  • #95,178
  • May 11, 2011 1:11pm May 11, 2011 1:11pm
Quoting Flem26
It got me too Avanish. The bearish outside bar on the Euro is making its presence felt. And looking at that daily bar in hindsight, it should have been bigger for me. I was itching to trade and got sucked in. Still gotta work on that. *sigh*.

-0.64R for me... shut it down manually this morning when I saw it did nothing positive overnight... OH well. Weekly E/G makes me care less
Many choose unhappiness over uncertainty.
  • #95,179
  • May 11, 2011 1:44pm May 11, 2011 1:44pm
Hi,

I did a prin screen yesterday with some thinking on EU. I did it today so I can follow up on the progress. It is interresting.
What I find weird is that I did not cover todays scenario yesterday. It is clear that I only was looking to one direction not to both.

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Kind Regards zol
  • #95,180
  • May 11, 2011 2:07pm May 11, 2011 2:07pm
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Kind Regards zol
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