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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

  • #96,181
  • Jun 8, 2011 11:46am Jun 8, 2011 11:46am
Quoting goldfish3
Hi All,

Is this first chart of any interest to anyone. Apologies of I missed this on any previous post. I'm thinking that if it breaks this PPZ, possibility of a trend change perhaps?

In the second chart, I entered with the close of the second eye (1 unit) of the swing high PB (not a protruding nose but I took it as indication of a failed buy attempt when the IB failed to form at that level). Then at the "double low, lower close", I entered Unit 2. I took profit on the first at 38.2 ret. and stop to BE. I closed the second just before the 50...
Hi Goldfish,

I like the location but the bar could have been better imho.
This one I think stands out a little better
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  • #96,182
  • Jun 8, 2011 11:50am Jun 8, 2011 11:50am
Quoting Adilius07
Hi Goldfish,

I like the location but the bar could have been better imho.
This one I think stands out a little better
oops no div there, by bad..
  • #96,183
  • Jun 8, 2011 12:04pm Jun 8, 2011 12:04pm
EUR/CAD is teasing me - can someone go and punch it for me please..
Anything can happen.
  • #96,184
  • Jun 8, 2011 12:08pm Jun 8, 2011 12:08pm
I have a buy stop on top of this inside bar that closed above the RN 1.46 with FTA @ 1.4638. We also in range of the box from previous swing low.
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  • #96,185
  • Jun 8, 2011 1:00pm Jun 8, 2011 1:00pm
Quoting goldfish3
Hi All,

Is this first chart of any interest to anyone. Apologies of I missed this on any previous post. I'm thinking that if it breaks this PPZ, possibility of a trend change perhaps?

In the second chart, I entered with the close of the second eye (1 unit) of the swing high PB (not a protruding nose but I took it as indication of a failed buy attempt when the IB failed to form at that level). Then at the "double low, lower close", I entered Unit 2. I took profit on the first at 38.2 ret. and stop to BE. I closed the second just before the...
hi goldfish, im liking the first chart but price has retraced since and looks a weak close right now. if it closes below 1.4275 it will be on my list. FTA for me is 1.4200-1.4230 but i see this as pretty mild, then of course 1.4150 and 1.4100. I also like the exhaustion bar just before it taking the sting out of that strong move up.

As for your eu/au trade only you can say if iy was flike or not. did you have solid reasons to enter (at least to you) did have a plan or areas marked readyu to respond to PA...
i actually went short on this also from 1.3782 and closed all at 1.3707. i had (for me) good reasons to enter, good PPZ, RN number, strong divergence and an area where i felt price was going down if it passed it (second red line). i took an early entry with a 30 min BEOB wwhich was risky but paid off, i had hoped it would close below this line but took it anyway as i had divergence from that last weak attempt to break above 1.3800( see black line).I also has clear levels to watch out for. THis was an area i was looking to get short (i posted this earlier) so i was willing to be a bit risky on it.

hope this helps

jon
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  • #96,186
  • Jun 8, 2011 1:11pm Jun 8, 2011 1:11pm
Quoting Adilius07
Hi Goldfish,

I like the location but the bar could have been better imho.
This one I think stands out a little better
hey Adi, hows the job going??
i like this also. this pair is good at ranging and wouldnt supprise me if we see .8850 by this time tomorro?? i do have divergence on my RSI 9 period, and it looks a good bar. i would want a close below .8900 though. My FTA would be .8870ish with a target of .8750

jon
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  • #96,187
  • Jun 8, 2011 1:17pm Jun 8, 2011 1:17pm
Quoting g_j_hook@yah
hey Adi, hows the job going??
i like this also. this pair is good at ranging and wouldnt supprise me if we see .8850 by this time tomorro?? i do have divergence on my RSI 9 period, and it looks a good bar. i would want a close below .8900 though. My FTA would be .8870ish with a target of .8750

jon
Hi Jon, job is ok, trying to get used to accept and implement other people's orders (that sucks)... need to make money fast so I can quit, lol.

I will trade that bar only if it close as is and yes my TP will be 0.8851 (RN + Support). I just hope it close as is, will be my first trade this month
  • #96,188
  • Jun 8, 2011 1:19pm Jun 8, 2011 1:19pm
Quoting Adilius07
Hi Goldfish,

I like the location but the bar could have been better imho.
This one I think stands out a little better


actually this is interesting cos of the divergence from those two swing highs preceding this last one. something i have noticed and use as confirmation for divergence is the fact that a third swing high fails to get higher that the 2 preceding it. it is as if it is a last failed attempt to continue the trend..
this seems to happen in all TFs


jon
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  • #96,189
  • Jun 8, 2011 1:28pm Jun 8, 2011 1:28pm
Quoting Adilius07
Hi Jon, job is ok, trying to get used to accept and implement other people's orders (that sucks)... need to make money fast so I can quit, lol.

I will trade that bar only if it close as is and yes my TP will be 0.8851 (RN + Support). I just hope it close as is, will be my first trade this month
gald hear things are well

i hope your gonna PM me with any tips you learn!!! lol

happy hunting

jon
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  • #96,190
  • Jun 8, 2011 1:29pm Jun 8, 2011 1:29pm
anyone know an mt4 broker with a daily close about 5pm GMT ??

cheers


jon
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  • #96,191
  • Jun 8, 2011 3:17pm Jun 8, 2011 3:17pm
Hi guys

Keeping an eye on this one on EUROCAD - BEOB at swing high engulfing previous 3 bars. Also at double top with price unable to close above 1.4340. A ouple of hours before bar close but watching closely.
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  • #96,192
  • Jun 8, 2011 3:55pm Jun 8, 2011 3:55pm
Quoting Kalbar
Hi guys

Keeping an eye on this one on EUROCAD - BEOB at swing high engulfing previous 3 bars. Also at double top with price unable to close above 1.4340. A ouple of hours before bar close but watching closely.
Been watching this one for a few hours now and it does look interesting. For me it will be all about the close fully engulfing the previous 2 bars (close at approx 1.4272) on my chart (FXPro). Seems like it could make for a decent trade though. Like the fact that there is some space to work with & the bar bouncing off of previous highs, but I wish that the bar were just a touch larger.
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  • #96,193
  • Edited 4:19pm Jun 8, 2011 4:01pm | Edited 4:19pm
Quoting g_j_hook@yah
hey Adi, hows the job going??
i like this also. this pair is good at ranging and wouldnt supprise me if we see .8850 by this time tomorro?? i do have divergence on my RSI 9 period, and it looks a good bar. i would want a close below .8900 though. My FTA would be .8870ish with a target of .8750

jon
eur/cad may have some potential too??? OK, it may not be the strongest close but I do like the location.

Edit: Ooops didn't see the above.
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  • #96,194
  • Jun 8, 2011 4:23pm Jun 8, 2011 4:23pm
Quoting 5.25
eur/cad may have some potential too??? OK, it may not be the strongest close but I do like the location.

Edit: Ooops didn't see the above.
its that weak close that bothers me...price doesnt seem to have made its mind up yet..?? certainly no momentum but at this time of day....imho right now it looks more likely to break that 1.4300 level soon than drop any significant distance...??
this is an easy pass for me if it does close as is (20 mins on my feed)

if it breaks we might get a chance on a retest..? if not no problem...next!!


jon
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  • #96,195
  • Jun 8, 2011 4:26pm Jun 8, 2011 4:26pm
Two nice setups here (eur/cad and eur/gbp) which is which?! I'll go for eur/cad coz imo we have ample of space before we hit the FTA.
  • #96,196
  • Jun 8, 2011 4:45pm Jun 8, 2011 4:45pm
my take on the 2....


jon
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  • #96,197
  • Jun 8, 2011 4:46pm Jun 8, 2011 4:46pm
Quoting g_j_hook@yah
its that weak close that bothers me...price doesnt seem to have made its mind up yet..?? certainly no momentum but at this time of day....imho right now it looks more likely to break that 1.4300 level soon than drop any significant distance...??
this is an easy pass for me if it does close as is (20 mins on my feed)

if it breaks we might get a chance on a retest..? if not no problem...next!!


jon
Hey hook

Tempted with this one but does not seem to want a strong close and would have preferred to see one. Looked like it was going to form a BEOB but now looks like a pinbar......in which case would like a longer nose..................will stand aside and see what happens!!

Also a BEOB on EURGBP but FTA only 40 pips away so pass on that one.

Kal
  • #96,198
  • Jun 8, 2011 4:52pm Jun 8, 2011 4:52pm
Quoting Kalbar
Hey hook

Tempted with this one but does not seem to want a strong close and would have preferred to see one. Looked like it was going to form a BEOB but now looks like a pinbar......in which case would like a longer nose..................will stand aside and see what happens!!

Also a BEOB on EURGBP but FTA only 40 pips away so pass on that one.

Kal
agreed, i like the eu/gb but it is a close FTA for this time of night. still not decided on this one
trying to stop drinking my beer too fast till the bar closes lol

jon
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  • #96,199
  • Jun 8, 2011 4:58pm Jun 8, 2011 4:58pm
If you guys don't mind me asking a very silly question, which of course is not silly to me, what does FTA refer to?

Also H4 USDCAD has a BEOB with the nose through PPZ .9800+. Divergence as well.

-HW
  • #96,200
  • Jun 8, 2011 5:00pm Jun 8, 2011 5:00pm
Quoting goldfish3
If you guys don't mind me asking a very silly question, which of course is not silly to me, what does FTA refer to?

Also H4 USDCAD has a BEOB with the nose through PPZ .9800+. Divergence as well.

-HW
First Trouble Area

the only stupid questions are the ones we dont ask....

jon
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