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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

  • #97,381
  • Jun 26, 2011 7:02pm Jun 26, 2011 7:02pm
Quoting AvanishDemo
AudUsd:1.05BRN..
lol,missed me..was waiting for this since few days..
(Touch Trade)
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  • #97,382
  • Jun 26, 2011 8:49pm Jun 26, 2011 8:49pm
Quoting jc.
what do you think about this h&s on eur/usd? i'm waiting for a break of the neckline for entering short on a pullback to this one or after breaking of 1.4

Why wait JC, this has clearly been a short since 1.4400

Find your support, wait until it becomes resistance and jump in, for example at 1.4150. This is going to be a rather large move. So watch for the next S/R area and move your stop to 200/250 pips above that once it crosses and becomes resistance to the short trend. In the EURUSD, the trend is very much your friend.

Enjoy the ride and move your stop the same way until it finally reverses on you. A good example is the previous long move between 1.44200 and 1.41400.

You could draw some trend S/R lines and you may find an exit before your stop gets hit.

In my opinion this move before it reverses is worth a substantial amount of pips. It will continue though, so watch for the reversal on the long trends and at the moment, if you can't see it take a quick look at cable as that is making it easier to spot what is going on with the EURUSD.

Matt
Just my opinion!
  • #97,383
  • Jun 26, 2011 8:50pm Jun 26, 2011 8:50pm
Looks like we have a PPZ, the 38 fibo and Parity quickly approaching.
I would like to see the 365 EMA combine in this mix.
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  • #97,384
  • Jun 26, 2011 8:50pm Jun 26, 2011 8:50pm
Anybody else looking at gbp/usd daily? I'm thinking maybe the break through the 365EMA we could look for a pullback and decent price action in the next few days to hop in. Thoughts?

-Shaun
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  • #97,385
  • Jun 26, 2011 9:17pm Jun 26, 2011 9:17pm
Quoting Pinbar
Looks like we have a PPZ, the 38 fibo and Parity quickly approaching.
I would like to see the 365 EMA combine in this mix.
I been watching this as well. I have a 52 EMA on my weekly chart which is sitting right on the line of parity and confluence...

Already looks like an A Trade to me...
  • #97,386
  • Edited 9:42pm Jun 26, 2011 9:30pm | Edited 9:42pm
Quoting Strick
I been watching this as well. I have a 52 EMA on my weekly chart which is sitting right on the line of parity and confluence...

Already looks like an A Trade to me...

Possibly if we see some decent PA.
Otherwise the 38 fibo is not one of my favorite retracements.

PS:

It also has Jarroo's HCR in this weekly consolidation box, working for it.
let's see what price does or does not show us.

I also think that on an IBFX feed, the 365 will be closer to parity than on my FXDD live feed show here.
Could any kind soul post a daily chart of an IBFX feed with the 365 EMA on it?
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  • #97,387
  • Jun 26, 2011 10:13pm Jun 26, 2011 10:13pm
Quoting shaun365
Anybody else looking at gbp/usd daily? I'm thinking maybe the break through the 365EMA we could look for a pullback and decent price action in the next few days to hop in. Thoughts?

-Shaun

This would be a nice area for a pullback.
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  • #97,388
  • Jun 26, 2011 10:22pm Jun 26, 2011 10:22pm
Anyone looking at this?
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  • #97,389
  • Jun 26, 2011 10:28pm Jun 26, 2011 10:28pm
Quoting AvanishDemo
isn't it small considering the huge downtrend..
as it is going thru consolidation now..

i would wait for price to CA 1.55 super strong PPZ to enter long for "quick" profit(lets say,to the next FTA 1.5670 or 1.58),thats bcos this pair has tendency to fall into consolidation trap very soon..
js my 2pips..

yes , your right
second target is 1.5450 240 pips isnt bad for me at least
and if it breaks maybe reenter on retrace ,but thats just different approaches and its OK
  • #97,390
  • Jun 26, 2011 10:32pm Jun 26, 2011 10:32pm
Quoting 5.25
Not really convinced by this Danielga, I like my IB tighter and cleaner.

See chart I posted x1 week ago.

Tomek
I think we have different broker
beacuse i cant find your example on my chart
what do you mean when u say cleaner IB?
  • #97,391
  • Jun 26, 2011 10:35pm Jun 26, 2011 10:35pm
Quoting gungriffin
ha ha had a long response typed out on this and then my internet dropped when I went to respond. Always find it interesting how oppinions can differ based on the same information. I like this pair at the moment and put it down as a pair to watch at the moment, but I am seeing it as a possible short. I am looking to see if the 81.50 area will turn from support to resistance. I have to go to work right now, but will be on to post more thoughts after work.

Ryan
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I agree , passed on that one ,short on retrace if it breaks lower and long only if PBT&CA above 82.75
  • #97,392
  • Jun 26, 2011 10:47pm Jun 26, 2011 10:47pm
Quoting Strick
Anyone looking at this?

Take a look at the close of all these bars in the box at this area confluencing with the RN.

That bar, is not at a true SL, the close is below the open & I wouldn't be tempted to take this going back into this area.
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  • #97,393
  • Jun 26, 2011 11:13pm Jun 26, 2011 11:13pm
Quoting Adilius07
Hi Scott, but on that chart I posted it looks like momentum is increasing!
Just a free fall (ended with PB), yet there is divergence?
yeah but momentum increased to the down side in an uptrend if i remember correctly, so it is easy to see that it was outside its average price...and therefore below the indicators price...
Remember that this just about averages so if price swings quickly (usually) out side of its average price (whatever the period counted) we will get div. as we wait for the indicator to catch up.

hope this makes sense??

jon
PATIENCE... DISCIPLINE
  • #97,394
  • Jun 26, 2011 11:17pm Jun 26, 2011 11:17pm
Quoting g_j_hook@yah
yeah but momentum increased to the down side in an uptrend if i remember correctly, so it is easy to see that it was outside its average price...and therefore below the indicators price...
Remember that this just about averages so if price swings quickly (usually) out side of its average price (whatever the period counted) we will get div. as we wait for the indicator to catch up.

hope this makes sense??

jon
Ahh yes! Makes perfect sense, this is like if there was an MA price just quickly jumped away from it.

Hmm.. but that is also means acceleration in price momentum.

I think it is much easier and sure just to look at the indicator itself
  • #97,395
  • Jun 26, 2011 11:45pm Jun 26, 2011 11:45pm
Quoting Adilius07
Ahh yes! Makes perfect sense, this is like if there was an MA price just quickly jumped away from it.

Hmm.. but that is also means acceleration in price momentum.

I think it is much easier and sure just to look at the indicator itself
yeah for sure. It is always good to get confirmation. i always check also.

happy hunting

jon
PATIENCE... DISCIPLINE
  • #97,396
  • Jun 27, 2011 1:48am Jun 27, 2011 1:48am
Hi Pinbar

Here is the D1 chart taken from IBFX

Cheers
Andreas

Quoting Pinbar
Possibly if we see some decent PA.
Otherwise the 38 fibo is not one of my favorite retracements.

I also think that on an IBFX feed, the 365 will be closer to parity than on my FXDD live feed show here.
Could any kind soul post a daily chart of an IBFX feed with the 365 EMA on it?
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  • #97,397
  • Jun 27, 2011 1:52am Jun 27, 2011 1:52am
Quoting AndreasF
Hi Pinbar

Here is the D1 chart taken from IBFX

Cheers
Andreas

Thanks

Yes, it is as I suspected about 70 pips closer to parity than the FXDD feed.
  • #97,398
  • Jun 27, 2011 3:03am Jun 27, 2011 3:03am
Quoting chartlaie
umph - could you explain?
sos for the late reply, jus seen ye post...

lol, that is a slang word that just means some energy or in this case some momentum.

jon
PATIENCE... DISCIPLINE
  • #97,399
  • Jun 27, 2011 3:16am Jun 27, 2011 3:16am
Quoting Pinbar
Take a look at the close of all these bars in the box at this area confluencing with the RN.

That bar, is not at a true SL, the close is below the open & I wouldn't be tempted to take this going back into this area.
Was watching this one develop but will stand on the sidelines and watch as I feel that your analysis is spot on here Pin. Lets see what happens!

Kal
  • #97,400
  • Jun 27, 2011 4:05am Jun 27, 2011 4:05am
Quoting Strick
Anyone looking at this?
I have 1.3608-1.362 on my graph as possible ress. So you're banging against the ceiling; plus 1.365. That being said, 1.361 was tested once and didn't retrace much, so it could break on retest. Also, aud is heavy atm.

Against - eur is also heavy atm.

my 2 cents; otherwise, amazing - a chart where I have absolutely no opinion
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