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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

  • #95,181
  • May 11, 2011 2:08pm May 11, 2011 2:08pm
Quoting Adilius07
Out of this trade with 0.7R profit...
hi Adi, glad to see you got ut of this trade in profit. was afraid you might give it all back!!
wheres that story we talked about here?? you traded a retrace so glad you did what you did. looking for a runner here is pretty much a pure gamble imho..
still in my short. looking for it t make new lows?? you almost traded right into my stop!!...lol

theres been a few setups against that big sell off we have seen and your a brave bunch to be taking longs there !! i have not seen a sell off so strong since 2008. i m definatly trying find some shorts at the retraces over the next few days/weeks??

jon
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PATIENCE... DISCIPLINE
  • #95,182
  • May 11, 2011 2:12pm May 11, 2011 2:12pm
gold...?????

would be nice eh!??
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PATIENCE... DISCIPLINE
  • #95,183
  • May 11, 2011 2:12pm May 11, 2011 2:12pm
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Kind Regards zol
  • #95,184
  • May 11, 2011 2:17pm May 11, 2011 2:17pm
Quoting g_j_hook@yah
gold...?????

would be nice eh!??
Even nicer like this

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Kind Regards zol
  • #95,185
  • May 11, 2011 2:20pm May 11, 2011 2:20pm
Quoting zoli
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hey zoli, beat me to it! i like the aussie setup also...but in light of its recent break north i tyhink its a quick in and out at the FTA for me...

jon
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PATIENCE... DISCIPLINE
  • #95,186
  • May 11, 2011 2:21pm May 11, 2011 2:21pm
Quoting zoli
Even nicer like this

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lol...thats my dream for silver also...

jon
PATIENCE... DISCIPLINE
  • #95,187
  • May 11, 2011 2:26pm May 11, 2011 2:26pm
Quoting g_j_hook@yah
hi Adi, glad to see you got ut of this trade in profit. was afraid you might give it all back!!
wheres that story we talked about here?? you traded a retrace so glad you did what you did. looking for a runner here is pretty much a pure gamble imho..
still in my short. looking for it t make new lows?? you almost traded right into my stop!!...lol

theres been a few setups against that big sell off we have seen and your a brave bunch to be taking longs there !! i have not seen a sell off so strong since 2008. i m definatly trying...
Hi Jon,

Lol, I had your stop level marked by the yellow line as you can see, so I could quickly exit before it.

I agree, not much story there, and I am pretty much satisfied with what I got. Also I am thinking that maybe I again have chosen the wrong TM for that trade. I knew it was not with a trend, against strong momentum, I saw those Res levels as well, but still tried to trail it as if I was with a trend...

Next time I will try to note these little things.
  • #95,188
  • May 11, 2011 2:27pm May 11, 2011 2:27pm
Quoting g_j_hook@yah
lol...thats my dream for silver also...

jon
Yeah. I do not trade silver though. I am an idiot that I did it. I am not experienced and capitalised enough for that stuff.

Wild beast. Jumping up and down in a matter of minutes like hell. Good luck with it though. Meet you there when I am ready - I am only doing my second year in the uni of trading....
Kind Regards zol
  • #95,189
  • May 11, 2011 2:42pm May 11, 2011 2:42pm
Quoting zoli
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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If you add a FIBS on the EJ Daily chart, you will notice that 61.8 coincides with RN 113. 113 does not seem to me as a clear PPZ though on the Daily. But I would be looking for some bullish PA on H1 at this area.

0908

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  • #95,190
  • May 11, 2011 2:50pm May 11, 2011 2:50pm
eur usd at major support area. 23.6% fib and s/r-zone.
let's see if this one here holds...
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meine augen sind die sterne
  • #95,191
  • May 11, 2011 3:03pm May 11, 2011 3:03pm
same goes for eur/nzd. s/r zone and rn 1.8000. macd-divergence on H4.
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meine augen sind die sterne
  • #95,192
  • May 11, 2011 3:09pm May 11, 2011 3:09pm
Quoting Dan-FX
I was also looking at this...

https://lh3.googleusercontent.com/_T...pchf-daily.png
This is quite possibly the longest trade I've held, finally exited today on trailing stop. After taking half off near 1.46 kept my stop behind prev. weeks high for the remainder. Tightened stop up after reaching all time lows, leaving what I thought was enough for possible continuation.

Result 1.58R

7 trades this year so far all on daily time frame. 3 winners and account is at 0% gain. My God I'm learning patience

https://lh6.googleusercontent.com/_T...8public%29.png
  • #95,193
  • May 11, 2011 3:10pm May 11, 2011 3:10pm
AUD/USD looks to be a potential short soon!
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  • #95,194
  • May 11, 2011 3:23pm May 11, 2011 3:23pm
In line with weekly & daily BEOB.
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  • #95,195
  • May 11, 2011 3:26pm May 11, 2011 3:26pm
Quoting aserbfx
eur usd at major support area. 23.6% fib and s/r-zone.
let's see if this one here holds...
I'd like to see it hold and pull back to 1.4500 (red line on your chart). Would be a nice right shoulder for a H-N-S.
  • #95,196
  • May 11, 2011 3:35pm May 11, 2011 3:35pm
Quoting zoli

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]
"We can expect struggling at these purple and red zones... I hope you are not colour blind"

Great analysis here Zol both on the chart and on the humour level.
  • #95,197
  • May 11, 2011 4:03pm May 11, 2011 4:03pm
Quoting mbqb11
we may even have an opportunity to short it too
not "feeling" the close
Many choose unhappiness over uncertainty.
  • #95,198
  • May 11, 2011 6:02pm May 11, 2011 6:02pm
Quoting Thierry
biDc,

Every broker has a different bar close time, that means also a different EMA.
I'm assuming a lot of the charts posted are from MT4 which is the same I had which is why I was wondering why the EMA's were different.
  • #95,199
  • May 11, 2011 6:39pm May 11, 2011 6:39pm
Hello fellow pipers

Any thoughts on this close today??

PB not at a swing high, but it shows some pretty clear price rejection...

Soave
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How bad do you want it? That's the attitude!
  • #95,200
  • May 11, 2011 6:59pm May 11, 2011 6:59pm
Soave,
I am not a pro but I remember that Mike trades those pinbars that are not in consolidation. In this case there is no room for your trade to run, you basically sell into PPZ right away.
It is better to play breakout I think...or leave it.
PP


Quoting soavesoave
Hello fellow pipers

Any thoughts on this close today??

PB not at a swing high, but it shows some pretty clear price rejection...

Soave
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