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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

  • #99,881
  • Aug 4, 2011 8:22am Aug 4, 2011 8:22am
A nice looking pinbar and in a good area + in a trend. Hope it worked 70 pips my tp1
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  • #99,882
  • Aug 4, 2011 8:25am Aug 4, 2011 8:25am
Quoting featurelion
A nice looking pinbar and in a good area + in a trend. Hope it worked 70 pips my tp1
yep im right there with you.
  • #99,883
  • Aug 4, 2011 8:27am Aug 4, 2011 8:27am
Could pull the trigger on NZD/USD for some reason. Just didn't like the look of the preceding bar.

Only things remaining of interest to me are EUR/AUD 4hr pin and GBP/NZD 4hr BEOB.

Can't post charts because my TSII keeps crashing, dammit. Anyone else got this problem?
When the going gets weird, the weird turn pro.
  • #99,884
  • Aug 4, 2011 8:36am Aug 4, 2011 8:36am
I am interested in watching this would be PB.

The location is good, FTB to the 365 EMA, 50 fibo & former PPZ but, it is going right into traffic and a stronger PPZ than it came off.

Watching is the operative word here as the FTA is way too close.
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  • #99,885
  • Aug 4, 2011 8:36am Aug 4, 2011 8:36am
Quoting stark1
Could pull the trigger on NZD/USD for some reason. Just didn't like the look of the preceding bar.

Only things remaining of interest to me are EUR/AUD 4hr pin and GBP/NZD 4hr BEOB.

Can't post charts because my TSII keeps crashing, dammit. Anyone else got this problem?
Well i was also looking EURAUD 4h pinbar. IF it formed then it was be high profitable trade. But unlucky not formed in our way
  • #99,886
  • Aug 4, 2011 8:41am Aug 4, 2011 8:41am
Didn't take EURJPY, because bottom wick was too long, althought it did its work as expected!
Instead, I choosed GBPJPY because it looked cleaner and with more space: it looks like it is working nicely. Already reduced my risk.
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Trading: the skill of avoiding trades
  • #99,887
  • Aug 4, 2011 8:43am Aug 4, 2011 8:43am
Quoting snowly
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.
Thanks s.
I never trade the news, but shouldn't forget that they happen.
Trading: the skill of avoiding trades
  • #99,888
  • Aug 4, 2011 8:45am Aug 4, 2011 8:45am
i traded the eurjpy and already pulled 45 pips and took profits, lovely! stop to BE now

on the otherhand nzdusd trade is stalling a bit. Ive got to go dentist now, would rather babysit the nzdusd, but such is life.
  • #99,889
  • Aug 4, 2011 8:46am Aug 4, 2011 8:46am
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
Looking at your charts is always educational, thanks for taking the time.
Wishing you a speedy recovery (for partially selfish reasons - so you're back in the game 100% faster).
non si dimentichi mai
  • #99,890
  • Aug 4, 2011 8:48am Aug 4, 2011 8:48am
Quoting deankenny21
i traded the eurjpy and already pulled 45 pips and took profits, lovely! stop to BE now

on the otherhand nzdusd trade is stalling a bit. Ive got to go dentist now, would rather babysit the nzdusd, but such is life.

When the going gets weird, the weird turn pro.
  • #99,891
  • Aug 4, 2011 8:49am Aug 4, 2011 8:49am
i was watching this Monthly area since few days..
n i think it was fine place for TT..
its has already made 60+ pip move...nice to see such stuffs working out..
tons of pivot..
365EMA..
i see James taking such kind of TTs..Pivots+365 ema..
previous month bar "abruptly" broke this 0.82 PPZ..

nice to see the magic of S-R...its amazing.

J16 thread is cool!!
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  • #99,892
  • Aug 4, 2011 9:25am Aug 4, 2011 9:25am
Target Hit.
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Trading: the skill of avoiding trades
  • #99,893
  • Aug 4, 2011 9:43am Aug 4, 2011 9:43am
yesterday, AUDUSD had a very nice pin bar, bouncing off my moving averages and trendlines, i was tempted to get on the trade with a market order, but instead I used a buy stop order that set the buy at the top of the pin bar.

and it saved me a lot of money, discipline paid off : )
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  • #99,894
  • Aug 4, 2011 9:58am Aug 4, 2011 9:58am
Quoting AvanishDemo
i was watching this Monthly area since few days..
n i think it was fine place for TT..
its has already made 60+ pip move...nice to see such stuffs working out..
tons of pivot..
365EMA..
i see James taking such kind of TTs..Pivots+365 ema..
previous month bar "abruptly" broke this 0.82 PPZ..

nice to see the magic of S-R...its amazing.

J16 thread is cool!!
I had my eye on this one as well and got taken out for +1R yesterday. I love those massive weekly/monthly levels. They're pretty much the only levels I look at now.
Anything can happen.
  • #99,895
  • Aug 4, 2011 11:01am Aug 4, 2011 11:01am
i got burnt on that nzdusd
  • #99,896
  • Aug 4, 2011 11:03am Aug 4, 2011 11:03am
Quoting deankenny21
i got burnt on that nzdusd
same here buddy even me very badly hope we get some good trades ahead .

regards,
kunal
  • #99,897
  • Aug 4, 2011 11:09am Aug 4, 2011 11:09am
Quoting fx trader-
same here buddy even me very badly hope we get some good trades ahead .

regards,
kunal
only reason i can see is there was a small consolidation zone above, which it did hit and then reverse. Im still open on the eurjpy making a bit back
  • #99,898
  • Aug 4, 2011 12:08pm Aug 4, 2011 12:08pm
Quoting deankenny21
only reason i can see is there was a small consolidation zone above, which it did hit and then reverse. Im still open on the eurjpy making a bit back

I got nervous on that one and got out at BE.

The Eur/Aud stung me a little though. And did it go exactly where Jim teaches us that it will? Oh yes...
When the going gets weird, the weird turn pro.
  • #99,899
  • Aug 4, 2011 12:15pm Aug 4, 2011 12:15pm
Also it was very bearish on the daily?


Quoting deankenny21
only reason i can see is there was a small consolidation zone above, which it did hit and then reverse. Im still open on the eurjpy making a bit back
  • #99,900
  • Aug 4, 2011 12:38pm Aug 4, 2011 12:38pm
ym need to find support here. otherwise it is in the ass.
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meine augen sind die sterne
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