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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

  • #95,501
  • May 20, 2011 3:17am May 20, 2011 3:17am
Now that is a good brew,it's sold here in NZ as a premium beer.Western Australia?
  • #95,502
  • May 20, 2011 3:38am May 20, 2011 3:38am
Quoting joelcf
And, for my hottest Friday night tip:

Attachment
Bit of a fan the White Rabbit (Dark Ale) Joel. Happy weekend all.
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  • #95,503
  • May 20, 2011 5:24am May 20, 2011 5:24am
Quoting Donkey
This is a good one to watch...the 82 RN is a pretty strong level, but there's not enough space for my liking. I see a very tight FTA, not much space....would require very tight management. The PB could be a sign of a push down, but I wouldn't be surprised to see price bounce at the FTA and push through 82 either.
Hey Donkey

I was watching this one too but as you say there is not much space at all here and for this reason I will pass. Not the best looking pin either.

Kal
  • #95,504
  • May 20, 2011 12:05pm May 20, 2011 12:05pm
Touch trade EURCHF..

good historical support level. Also round number 2400.

Who's also in?
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  • #95,505
  • May 20, 2011 12:22pm May 20, 2011 12:22pm
Quoting arsa
Touch trade EURCHF..

good historical support level. Also round number 2400.

Who's also in?
Yeah,i was watching it..
i really like the location n the way previous low(marked in yellow) shows the strength of confluence..
but i ws js watching..not into taking TTs at first touch as of now..

Weekly chart
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  • #95,506
  • May 20, 2011 12:36pm May 20, 2011 12:36pm
NZD/CAD has broken out - would like to see a nice strong close inside the 0.7700 PPZ.

Just used my new fancy shmancy trade analyser spreadsheet and these are the comments and charts:

Quote
Breakout of ascending triangle formation and resistance at 0.7700. Successful 5th attempt at this level has now broken through. FTA is the area around 0.7770 which is a recent weekly PPZ and also lines up with the 23.6% fib. Ideally an entry would be on a retest of the breakout area at 0.7700. A safe stop should be about 80 pips based on the 38.2 Fib, recent daily lows and daily voaltitlity. Take full profits at 0.7770. Waiting for the daily and weekly close
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Anything can happen.
  • #95,507
  • May 20, 2011 3:22pm May 20, 2011 3:22pm
OK. Last time I post this, honest...

9 weeks in and full profit banked!!!
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  • #95,508
  • May 20, 2011 3:41pm May 20, 2011 3:41pm
This is the bar just before the nice move following the news


I wonder if this was planned or just a coincidence?


Did it respected the fibs!!!!!





Here is a nice beer from this brand made in Québec!!!! Mmmmmmm stong beer!


http://www.unibroue.com/en/beers/trois_pistoles/product
Happy week end!


By the way, Usually one bottle like that is enough!!
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  • #95,509
  • May 20, 2011 4:02pm May 20, 2011 4:02pm
Quoting 5.25
OK. Last time I post this, honest...

9 weeks in and full profit banked!!!
nice

jon
PATIENCE... DISCIPLINE
  • #95,510
  • May 20, 2011 4:05pm May 20, 2011 4:05pm
Quoting 5.25
OK. Last time I post this, honest...

9 weeks in and full profit banked!!!
Well thought out plan and execution Tomasz. I hope to see more of these
  • #95,511
  • May 20, 2011 4:29pm May 20, 2011 4:29pm
Quoting Donkey
This is a good one to watch...the 82 RN is a pretty strong level, but there's not enough space for my liking. I see a very tight FTA, not much space....would require very tight management. The PB could be a sign of a push down, but I wouldn't be surprised to see price bounce at the FTA and push through 82 either.
I just took full profit that was I went long last week here. I was actually considering a short on this one and I noticed the same FTA as you. Depending on how PA develops I may short on break below the FTA to be on the safe side.

Anyone looking to trade the BEOB on EUR/USD?
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  • #95,512
  • May 20, 2011 8:25pm May 20, 2011 8:25pm
Quadruple confluence!

How could I have miss that!!



http://www5.picturepush.com/photo/a/...mg/5692928.jpg
  • #95,513
  • Edited 9:12pm May 21, 2011 6:06am | Edited 9:12pm
Hi everyone

Attached is my trades for last week. Feel free to comment.

Till Date's Results:

May 2011
Profit: 55 pips
Loss: -

Cheers
NS
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  • #95,514
  • May 21, 2011 3:06pm May 21, 2011 3:06pm
Here is a trade I took last week. I am still in this trade currently up +51 pips. I closed out two other trades; +100 pips on usd/cad, +129 pips on gbp/usd. Ended the week with 229 pips banked and currently have my open position stop placed at break even. I LOVE PA confirmation!

I shorted the CAD/JPY because of:
1. BEOB at PPZ
2. Downtrend

I entered at 50% of the BEOB.

~Mav
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  • #95,515
  • May 21, 2011 4:33pm May 21, 2011 4:33pm
Quoting NSGoh
Hi everyone

Attached is my trades for last week. Feel free to comment.

Till Date's Results:

May 2011
Profit: 55 pips
Loss: -

Cheers
NS
where was ur stop bro? and ur target?
Hero calls followed by margin calls...
  • #95,516
  • May 21, 2011 9:07pm May 21, 2011 9:07pm
Quoting PhAnTi'
where was ur stop bro? and ur target?

This is not a PA setup I would take for the reasons on the chart.
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  • #95,517
  • May 21, 2011 9:20pm May 21, 2011 9:20pm
Quoting PhAnTi'
where was ur stop bro? and ur target?
Hi Phanti

Thanks for asking. After you raised the question and I re-looked, I realized I gave the wrong descriptions. Guess I was sleepy while writing the description. It was supposed to be a DBLHC on the 10 May bar, I have changed the attachment.

The SL is set to the low of the 09 May bar with TP set to two times that of the SL range of 91 pips at 82.898. But I had manually closed the trade due to considerations.

Regards
NS
  • #95,518
  • May 21, 2011 9:23pm May 21, 2011 9:23pm
Quoting Pinbar
This is not a PA setup I would take for the reasons on the chart.
Hi Pinbar

Thanks for the sharing. I had realized that I described my trade incorrectly. It was supposed to be a DBLHC instead of BUOB. I took it based on DBLHC.

I have also noted on your comments of why you would not have taken the trade. Thanks.

Regards
NS
  • #95,519
  • May 22, 2011 2:48am May 22, 2011 2:48am
Quoting biDc
Anyone looking to trade the BEOB on EUR/USD?
i quite like it. its a retest of the weekly BEOB which is always a good story to have for me. it could have had a deeper retrace from that swing down but as it hits the break of the weekly BEOB that could be excused imho.
A strong break on this would be important to me breaking through that 1.4100 RN as it has a few bar h/l at around 1.4120-1.4130.
i think 1.4050 has a good chance of getting hit though and then 1.4000.
That is a strong level so i wouldnt want to be messing around if price gets there
nice 4h BEOB/DBHLC on friday breaking a good TL

lets see what the week brings??

jon
PATIENCE... DISCIPLINE
  • #95,520
  • May 22, 2011 12:04pm May 22, 2011 12:04pm
Quiet here today..........has the world ended?
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