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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

  • #99,861
  • Aug 4, 2011 4:27am Aug 4, 2011 4:27am
Quoting forex1962
I see we were in a strong downtrend but I thought the pa of the pin suggested a move back up?
It hit the FTA which for most would be a move to BE and some profit taken. So the pin did work out but didn't trigger a big reversal. As a rule it's good not to expect any more than the FTA.

That PIN could have been bigger, at a more significant level and with a stronger close - especially vs that previous down move.

Also I think at the moment fundamentals are making the market a bit crazy and upredictable. A great A+ PA setup can be totally whipsawed by some rumour or intervention or bombshell.

Quick in-and out trades only for me while it's like this..
Anything can happen.
  • #99,862
  • Aug 4, 2011 4:29am Aug 4, 2011 4:29am
Quoting james16
[indent]In the group i have a section called price predictions. I will share those here after a month or so.

Total predictions for june was 8 and all 8 were accomplished.

The question for you is can you do the same? Sure you can.

Total pips? I dont know you can go look and count them.

The purpose of the exercise is to make succesful calls.

This is about predicting price movement and building incredible confidence by demonstrating extremely high accuracy.

[b][u]If i can have an 80 plus percent hit rate on good set ups do you...
Awesome charts, Jim . . .and fantastic results . . .
Indicators show the past. Price Action "Indicates" the future.
  • #99,863
  • Aug 4, 2011 4:36am Aug 4, 2011 4:36am
Quoting james16
Why not spend time doing this whether your trading them or not?

I love doing this.

July was a slow month for me due to my surgery but i was 2 for 3.

I will post those in about a month.

Jim
nice charts James,

hope you'll recover soon.

all the best,

kindly,
Jonas
Hero calls followed by margin calls...
  • #99,864
  • Aug 4, 2011 4:48am Aug 4, 2011 4:48am
Quoting PhAnTi'
nice charts James,

hope you'll recover soon.

all the best,

kindly,
Jonas
+1
Anything can happen.
  • #99,865
  • Edited 5:02am Aug 4, 2011 4:49am | Edited 5:02am
Quoting ddinnov
It hit the FTA which for most would be a move to BE and some profit taken. So the pin did work out but didn't trigger a big reversal. As a rule it's good not to expect any more than the FTA.

That PIN could have been bigger, at a more significant level and with a stronger close - especially vs that previous down move.

Also I think at the moment fundamentals are making the market a bit crazy and upredictable. A great A+ PA setup can be totally whipsawed by some rumour or intervention or bombshell.

Quick in-and out trades only for me while...
I'm yet to hear of a successful central bank intervention.

That being said, short term, doesn't make much sense to put yourself in front of the train.
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  • #99,866
  • Aug 4, 2011 6:13am Aug 4, 2011 6:13am
Quoting piru16
Not A+ setup .Not a swing rather little congestion.but if it breaks up through it may be interesting
Looking on weekly chart i am more bearish atm and hope it will fall more
I agree. I looked at the BEOB yesterday, put passed quickly.

This is certainly a messy chart but I think it shows the current consolidation and a couple of different scenarios....IF price stays in current consolidation....it certainly is being squeezed at the moment...and it certainly looks like it's squeezing down to 1.4000 BRN.

I also see HCR and LCS at the BRN (hi Jarroo). Nicely confluenced area.
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  • #99,867
  • Aug 4, 2011 6:53am Aug 4, 2011 6:53am
James sir you are great
  • #99,868
  • Aug 4, 2011 7:15am Aug 4, 2011 7:15am
4hr EURJPY nice bearish pinbar forming.

close below 113 would be nice.

Same on USDJPY too
  • #99,869
  • Aug 4, 2011 7:17am Aug 4, 2011 7:17am
Quoting Donkey
I agree. I looked at the BEOB yesterday, put passed quickly.

This is certainly a messy chart but I think it shows the current consolidation and a couple of different scenarios....IF price stays in current consolidation....it certainly is being squeezed at the moment...and it certainly looks like it's squeezing down to 1.4000 BRN.

I also see HCR and LCS at the BRN (hi Jarroo). Nicely confluenced area.
wow lots of arrows ^^
Hero calls followed by margin calls...
  • #99,870
  • Aug 4, 2011 7:28am Aug 4, 2011 7:28am
Quoting deankenny21
4hr EURJPY nice bearish pinbar forming.

close below 113 would be nice.

Same on USDJPY too
Yup, and on my feed that would make it a BEOB, or a rather good-looking 8-hour pin. Some other nice 4hr pins shaping up too...
When the going gets weird, the weird turn pro.
  • #99,871
  • Aug 4, 2011 7:33am Aug 4, 2011 7:33am
Quoting stark1
Yup, and on my feed that would make it a BEOB, or a rather good-looking 8-hour pin. Some other nice 4hr pins shaping up too...
what others do u see
  • #99,872
  • Aug 4, 2011 7:37am Aug 4, 2011 7:37am
Carefully looking how this 4h EURJPY closes, in 30m.
If this double PB closes below 113.5, which is a monthly PPZ in my charts, would have a nice setup.
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Trading: the skill of avoiding trades
  • #99,873
  • Aug 4, 2011 7:42am Aug 4, 2011 7:42am
Quoting eswap0
Carefully looking how this 4h EURJPY closes, in 30m.
If this double PB closes below 113.5, which is a monthly PPZ in my charts, would have a nice setup.
well its below 113 now
  • #99,874
  • Aug 4, 2011 7:45am Aug 4, 2011 7:45am
Quoting deankenny21
well its below 113 now
Need to wait for the close of the 4h bar, as the first PB was already invalidated.
Trading: the skill of avoiding trades
  • #99,875
  • Aug 4, 2011 7:47am Aug 4, 2011 7:47am
Quoting deankenny21
what others do u see

An awful lot, but my 4hr doesn't close for another 15 minutes. Some good 8hr possibles too. No charts because bars aren't closed yet.

- EUR/CHF
- NZD/USD
- EUR/GBP
- GBP/JPY
- EUR/JPY
- EUR/AUD...

Most seem at pretty good S/R on daily charts.
When the going gets weird, the weird turn pro.
  • #99,876
  • Aug 4, 2011 7:48am Aug 4, 2011 7:48am
Quoting eswap0
Carefully looking how this 4h EURJPY closes, in 30m.
If this double PB closes below 113.5, which is a monthly PPZ in my charts, would have a nice setup.
ms Trichet is in the process of trashing the euro right now.

that being said, don't know if eur/jpy is the place to short. BoJ swore they'll keep on intervening(which can be bull, obviously, but another euro pair might be more interesting).

anyway, this time, bar close isn't very relevant; hel'll keep on speaking for more then 15 mins. which will provide plenty of volatility to screw any chart setup.
  • #99,877
  • Aug 4, 2011 7:53am Aug 4, 2011 7:53am
Quoting stark1
An awful lot, but my 4hr doesn't close for another 15 minutes. Some good 8hr possibles too. No charts because bars aren't closed yet.

- EUR/CHF
- NZD/USD
- EUR/GBP
- GBP/JPY
- EUR/JPY
- EUR/AUD...

Most seem at pretty good S/R on daily charts.
...and everything's changed. Trichet doing a sterling job...
When the going gets weird, the weird turn pro.
  • #99,878
  • Aug 4, 2011 7:56am Aug 4, 2011 7:56am
i like that 4hr pb in nzdusd if closes above 0.85
  • #99,879
  • Aug 4, 2011 8:01am Aug 4, 2011 8:01am
I'm well and truly flat until next week. Wish things would just calm down a bit..
Anything can happen.
  • #99,880
  • Aug 4, 2011 8:15am Aug 4, 2011 8:15am
Quoting deankenny21
i like that 4hr pb in nzdusd if closes above 0.85
at least a H1(H4 might miss the ship) close over .8545 would be nice.
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