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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

  • #95,681
  • May 25, 2011 10:39pm May 25, 2011 10:39pm
Quoting mbqb11
Hey TP

Welcome glad to see you come out of lurk mode

We talked about this one last night in my webinar so just gonna relay what I said then....
Yup! It helps a lot Mike. I'm sorry if you discuss this trade all over again. Before I'm just reading your responses to our fellow james16 follower, now I got a response from you, Nice! And now I'm one of those who's saying Thank you, Mike!!
  • #95,682
  • May 25, 2011 11:24pm May 25, 2011 11:24pm
Quoting biDc
What do you guys think of this? I'm eyeing for PA at the RN
Hi biDc. I'm also watching daily NZD/USD pair. As a newbie opinion, it has a nice confluence area, weekly PPZ, RN and daily bearish divergence, let's see if where going to have a nice bearish PA bar at this area. Or BO + pullback, yeah?!
  • #95,683
  • May 25, 2011 11:49pm May 25, 2011 11:49pm
Very interesting confluenced zone on EU. EU selloffs are very volatile and it would be nice to see next leg down from there..
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  • #95,684
  • May 26, 2011 1:16am May 26, 2011 1:16am
Quoting Greenhaze
Very interesting confluenced zone on EU. EU selloffs are very volatile and it would be nice to see next leg down from there..
you fib 61 matches very nice with my fib target 1.618. Don't have time to trade this one.. though looks good
  • #95,685
  • May 26, 2011 1:17am May 26, 2011 1:17am
forgot the att.
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  • #95,686
  • Edited 2:01am May 26, 2011 1:42am | Edited 2:01am
Hi all!
UC looks interesting
The way down is open.
0.85 could be next stop. IF.
Jarda
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EDIT:
UC may wait for EC to retest 1.243 before going down.
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Follow my trading on Twitter and FB: @pumlitch
  • #95,687
  • May 26, 2011 2:02am May 26, 2011 2:02am
Quoting Greenhaze
Very interesting confluenced zone on EU. EU selloffs are very volatile and it would be nice to see next leg down from there..
Watching this area closely myself so lets see what happens in next few hours. Having said that Euro seems to be bouncing back a bit today.
  • #95,688
  • Edited 3:13am May 26, 2011 2:10am | Edited 3:13am
Two more charts.
AJ and AU may show some good moves soon due to nice compression.
Is it all waiting for today's US Unemployment Claims? Will see.
Jarda
Attached Image (click to enlarge)
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Follow my trading on Twitter and FB: @pumlitch
  • #95,689
  • May 26, 2011 2:25am May 26, 2011 2:25am
Looks decent to me.

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pat
  • #95,690
  • May 26, 2011 2:43am May 26, 2011 2:43am
Quoting Pumlitch
Two more charts.
AJ and AU may show some good moves soon due to nice compression.
Is it all waiting for tomorow US Unemployment Claims? Will see.
Jarda
Attachment
Attachment
Nice charts Pumlitch - will be watching these two carefully in next 24 hours.
  • #95,691
  • May 26, 2011 2:51am May 26, 2011 2:51am
Quoting Pumlitch
Two more charts.
AJ and AU may show some good moves soon due to nice compression.
Is it all waiting for tomorow US Unemployment Claims? Will see.
Jarda
Attachment
Attachment
thats no compression

Hero calls followed by margin calls...
  • #95,692
  • May 26, 2011 3:13am May 26, 2011 3:13am
Quoting PhAnTi'
thats no compression
chill bro,
every body has different meanings for different words

in Pumlitch's case, referring to price compressing inside the triangle/wedge
  • #95,693
  • May 26, 2011 3:14am May 26, 2011 3:14am
Quoting PhAnTi'
thats no compression


OK, it is a bad idea to look for a compression in a compressed triangle.

Quoting Kalbar
Nice charts Pumlitch - will be watching these two carefully in next 24 hours.
Sorry, the news are today, not tomorrow
Edited the post.
J.
Follow my trading on Twitter and FB: @pumlitch
  • #95,694
  • May 26, 2011 3:15am May 26, 2011 3:15am
Quoting supremeChaos
chill bro,
every body has different meanings for different words

in Pumlitch's case, referring to price compressing inside the triangle/wedge
You were faster than me buddy.
You hit the point.
THX
J.
Follow my trading on Twitter and FB: @pumlitch
  • #95,695
  • May 26, 2011 3:24am May 26, 2011 3:24am
Quoting supremeChaos
chill bro,
every body has different meanings for different words

in Pumlitch's case, referring to price compressing inside the triangle/wedge
well nothing offensive here....

imho compression is if pa keep spiking north into a supply area while absorbing demand below. then whipsawing down from supply cause demand is even cleared.


anyway.....
Quote
every body has different meanings for different words
Hero calls followed by margin calls...
  • #95,696
  • May 26, 2011 3:50am May 26, 2011 3:50am
Quoting PhAnTi'
...
imho compression is ..
......
sure, im aware of that. precisely why i replied that way.
im familiar with that compression definition (red's).

in this thread, compression has a much 'simpler' meaning.
  • #95,697
  • May 26, 2011 3:53am May 26, 2011 3:53am
Quoting supremeChaos
sure, im aware of that. precisely why i replied that way.
im familiar with that compression definition (red's).

in this thread, compression has a much 'simpler' meaning.
Hero calls followed by margin calls...
  • #95,698
  • May 26, 2011 4:00am May 26, 2011 4:00am
Hi everyone,

elementary question my apologies in advance.

what is a ideal profit taking when position is taken off one solid pinbar on 4hr chart?? .. is there a set rules for it or best way of doing?

Thank you.
  • #95,699
  • May 26, 2011 5:02am May 26, 2011 5:02am
Quoting Greenhaze
Very interesting confluenced zone on EU. EU selloffs are very volatile and it would be nice to see next leg down from there..
If not that level maybe that 1.4250 level.

Attached Image (click to enlarge)
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pat
  • #95,700
  • May 26, 2011 5:07am May 26, 2011 5:07am
Quoting P.Dean
...
what is a ideal profit taking when position is taken off one solid pinbar on 4hr chart?? .. is there a set rules for it or best way of doing?...
hey P.Dean,
there's not set answer in terms of number of pips.
but we rely on Support & resistance for profit taking.

the answer would rely mainly on how YOU trade.
if u study charts posted here, u will see several ways of profit taking. use what's comfortable for u.
start posting charts so u'll get the feel of what's right for u.

Quoting TransPorter
Hi guys! Long time lurker, first time poster!...
hello Kabayan,
nice to see u unlurk
keep posting Sir!
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