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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

  • #96,781
  • Jun 16, 2011 10:49am Jun 16, 2011 10:49am
Quoting Mebius
Failure to close above the .8030 level is a concern. A strong break of that and you've got a bit space to the next TA but it would definitely be one to keep a close eye on.
Great - thanks for your comments, still have 10mins till close on my feed so will watch and see what we get.
Free speech is an oxymoron
  • #96,782
  • Jun 16, 2011 10:52am Jun 16, 2011 10:52am
Quoting PhAnTi'
audjpy

84.30 is a level i pay attention to, we got a heavy demand and an additional descending TL there.

daily trend down, anyway looking for a long if PA reaches there, good for a high r:r trade imo

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otherwise if break ill sell the retest. very significant level here.
similar structure on chfjpy

94 BRN level looks very interesting. might get into fight with the ascending TL as well in 1-2 days.

more detail n levels c chart

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Hero calls followed by margin calls...
  • #96,783
  • Edited 11:06am Jun 16, 2011 10:55am | Edited 11:06am
Quoting james16
chart

. .I think I stated that phase on the PB Usd/Cad back in April 2009 . .I don't know how original it is . .I've had a couple of guys influence me a great deal over the years . . I wasn't born with this stuff in my head . .


The GU PB sure is a great example . . and throw in Mike's Break Out / Pull Back with PA of the wedge pattern and you have a great confluencing story to tell . .


Confluence is good right? . . .
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Indicators show the past. Price Action "Indicates" the future.
  • #96,784
  • Jun 16, 2011 12:13pm Jun 16, 2011 12:13pm
Has this been discussed yet? If it closes above 1.42 after 61.8 rejection....
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Anything can happen.
  • #96,785
  • Jun 16, 2011 1:09pm Jun 16, 2011 1:09pm
thanks Jonas.

Quoting PhAnTi'
just wanna say that im very glad to see ya steppin in time by time quoting some charts and helping others James,

thanks for your work n efforts,

best,
Jonas
  • #96,786
  • Jun 16, 2011 1:10pm Jun 16, 2011 1:10pm
great pex.

nothing wrong with demo on any time frame.

jim

Quoting pex
hi james
i just watch H4 tf,only trade daily...for now
just want to know your opinion about that pinbar?
thnx for everything
  • #96,787
  • Jun 16, 2011 2:36pm Jun 16, 2011 2:36pm
Daily Pin (forming), 8 hour PIN, 4H DBLHC all above the 4150 61.8% fibo...
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Anything can happen.
  • #96,788
  • Jun 16, 2011 3:27pm Jun 16, 2011 3:27pm
YUM!!! .... (If this thing closes above 1.4200)

Are we going cherry picking?
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  • #96,789
  • Jun 16, 2011 3:35pm Jun 16, 2011 3:35pm
Haven't closed yet but looking sweet so far no?
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  • #96,790
  • Jun 16, 2011 3:38pm Jun 16, 2011 3:38pm
Quoting biDc
Haven't closed yet but looking sweet so far no?
my chart on this one just posted for someone
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  • #96,791
  • Jun 16, 2011 4:20pm Jun 16, 2011 4:20pm
Quoting mbqb11
my chart on this one just posted for someone
Hey Mike

Keeping an eye on this one but as you say we must look for a stron g close and confluencing factors. The previous bar is a huge bearish bar so the question is can a relatively smallish pin stop this? Currently above 1.42 so lets first of all see where the close is.

Kal
  • #96,792
  • Jun 16, 2011 4:22pm Jun 16, 2011 4:22pm
Quoting mbqb11
my chart on this one just posted for someone
hey mike, you really make my day sometimes when i see that some of the stuff i notice runs in line with what you see too. Had this pinbar closed, I would've gone long above it while taking partial profit at the FTA and moving the rest to BE. Good one on the size of the engulfing as opposed to the pin though, it's something that I always seem to overlook!
  • #96,793
  • Jun 16, 2011 4:26pm Jun 16, 2011 4:26pm
This Pin is supported by the 150ema and is still in the direction of the overall trend although recent countertrend is down. Could achieve FTA but would need tight management.
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  • #96,794
  • Jun 16, 2011 4:38pm Jun 16, 2011 4:38pm
It's also off the 61.8 fib which is pretty much where the downmove stopped.
Anything can happen.
  • #96,795
  • Jun 16, 2011 4:39pm Jun 16, 2011 4:39pm
what about this one?
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  • #96,796
  • Edited 5:06pm Jun 16, 2011 4:54pm | Edited 5:06pm
vox populi, vox dei

though it surely gonna be bumpy and I intend to keep a tight stop on that eur/usd...


it's getting boring on this one, but it lasts already for 2 days, so it could end anytime.
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  • #96,797
  • Jun 16, 2011 4:55pm Jun 16, 2011 4:55pm
Quoting pex
what about this one?
NZD/USD. I am looking at this one too, I like the rejection from the .8000. I still have several hours until my daily bar closes however.
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  • #96,798
  • Jun 16, 2011 5:00pm Jun 16, 2011 5:00pm
Quoting ddinnov
It's also off the 61.8 fib which is pretty much where the downmove stopped.
I see the current price above the 50 fib and above the 1.42 RN so if it closes such a high probability it will achieve FTA around 4270 area. The market will decide so lets see what happens.
  • #96,799
  • Jun 16, 2011 5:48pm Jun 16, 2011 5:48pm
For me I'd like to see N/U close above the black line
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  • #96,800
  • Jun 16, 2011 5:53pm Jun 16, 2011 5:53pm
Quoting biDc
For me I'd like to see N/U close above the black line
left at .8062 so I can sleep properly
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