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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

  • #100,341
  • Aug 12, 2011 10:20pm Aug 12, 2011 10:20pm
Quoting jarroo
So let's see how the Weekly Usd/Cad Nov. 2007 behaved when it broke . .

We have our immediate targets (previous bar Highs and Lows) Price broke through them and closed above them on the Weekly . .nice.

On the Daily, Price broke and close above and the 1st Weekly target . .Price then retraced a bit but still managed to close above the 1st Weekly target and then did the same with the 2nd target . .
So the Weekly PB Usd/Chf targets would look like this . ..
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Indicators show the past. Price Action "Indicates" the future.
  • #100,342
  • Aug 12, 2011 10:27pm Aug 12, 2011 10:27pm
So what would the Eur/Chf and Gbp/Chf immediate 1st targets look like . .anyone?? . . .
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Indicators show the past. Price Action "Indicates" the future.
  • #100,343
  • Aug 12, 2011 10:33pm Aug 12, 2011 10:33pm
I like the Lowest Close of Support as the 1st immediate target on the Nzd/Chf Weekly PB.
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Indicators show the past. Price Action "Indicates" the future.
  • #100,344
  • Aug 12, 2011 10:42pm Aug 12, 2011 10:42pm
I'm sure Mike likes this one, Aud/Chf . .SPACE . .SIZE . .close above the BRN (80.00) . . . .
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Indicators show the past. Price Action "Indicates" the future.
  • #100,345
  • Aug 12, 2011 10:44pm Aug 12, 2011 10:44pm
Should be an interesting week . .
Indicators show the past. Price Action "Indicates" the future.
  • #100,346
  • Aug 12, 2011 11:50pm Aug 12, 2011 11:50pm
Quoting jarroo
I like the Lowest Close of Support as the 1st immediate target on the Nzd/Chf Weekly PB.
AudChf,NzdChf looks promising..

i will like a retrace entry @ 0.64 on NzdChf..1 trade at a time

others i will watch..EurChf(Parity level),GbpChf..the co-relation shall work..

Thanks for ur posts.its refreshing u dropping by.i mean it.
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  • #100,347
  • Aug 12, 2011 11:50pm Aug 12, 2011 11:50pm
hey guys, i think this would be a legit pin set up too..

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  • #100,348
  • Aug 13, 2011 12:56am Aug 13, 2011 12:56am
Anyone looking at cable? TRHLC ... with last week being an IPB and this week BEOB. Price managed to close below 1.63, 150EMA, and PPZ at a swing top.
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  • #100,349
  • Aug 13, 2011 1:36am Aug 13, 2011 1:36am
Quoting jarroo
I'm sure Mike likes this one, Aud/Chf . .SPACE . .SIZE . .close above the BRN (80.00) . . . .
so many beauties.. The thing is it is the same situiaton for me as the previous one(which I am still in the gbp/nzd).

I like a few of these like Jarroo said. Usd/chf, no brainer for me. Let's see who is going to hold this one for 2.5 years
  • #100,350
  • Aug 13, 2011 1:38am Aug 13, 2011 1:38am
Quoting jarroo
So the Weekly PB Usd/Chf targets would look like this . ..
I like the 1.1 as a target
  • #100,351
  • Aug 13, 2011 2:11am Aug 13, 2011 2:11am
Quoting AvanishDemo
AudChf,NzdChf looks promising..

i will like a retrace entry @ 0.64 on NzdChf..1 trade at a time

others i will watch..EurChf(Parity level),GbpChf..the co-relation shall work..

Thanks for ur posts.its refreshing u dropping by.i mean it.
Agree with ur thoughts i think the weekly huuuge pins are good , have good close also but i think we shud be looking for bullish patterns on smaller tf's daily,h4 ,h1 ...

Directly taking the weekly bar's already looks like a trauma to me huge stops hugee bars

regards,
kunal
  • #100,352
  • Aug 13, 2011 3:22am Aug 13, 2011 3:22am
Quoting fascist
hey guys, i think this would be a legit pin set up too..

Attachment
where was the stop of this buy? : /
Hero calls followed by margin calls...
  • #100,353
  • Aug 13, 2011 4:00am Aug 13, 2011 4:00am
Quoting PhAnTi'
where was the stop of this buy? : /
i havent bought yet..look at the pin bar.
  • #100,354
  • Aug 13, 2011 4:31am Aug 13, 2011 4:31am
Quoting jarroo
So what would the Eur/Chf and Gbp/Chf immediate 1st targets look like . .anyone?? . . .
hello jarroo, on my chart ,the 1.1150 is the resistance for up trend . and ,the pin bar on weekly chart is too LONG ,i do not know where to set up the SL position .
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A chart helps those who can read it.
  • #100,355
  • Aug 13, 2011 4:48am Aug 13, 2011 4:48am
Quoting jarroo
So what would the Eur/Chf and Gbp/Chf immediate 1st targets look like . .anyone?? . . .
Hi Jim.

Great to see so many posts of yours here again

Sentiment on this pair has been bearish for so long it's counterintuitive to consider buying it.
I believe we'll need some strong fundies to allow the techs to work
But, from a purely technical viewpoint, here's what I see on ECHF


Best

If
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  • #100,356
  • Aug 13, 2011 5:14am Aug 13, 2011 5:14am
Quoting geniusztc
hello jarroo, on my chart ,the 1.1150 is the resistance for up trend . and ,the pin bar on weekly chart is too LONG ,i do not know where to set up the SL position .
the question is where to enter this pinbar.
for example the eur/chf: if you enter at the break of the pinbar at put your sl below the low of the weekly bar, you will face a 800ish pip loss. with the fta being away about 350 and 700 pips, this doesn't look good.
think about the following:
put a buy stop of 1/3 of your original positions at the break of the weekly pinbar. put two buy limits with each 1/3 of the position at the 38% and 62% fib of the weekly bar.
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meine augen sind die sterne
  • #100,357
  • Aug 13, 2011 6:25am Aug 13, 2011 6:25am
Quoting aserbfx
the question is where to enter this pinbar.
for example the eur/chf: if you enter at the break of the pinbar at put your sl below the low of the weekly bar, you will face a 800ish pip loss. with the fta being away about 350 and 700 pips, this doesn't look good.
think about the following:
put a buy stop of 1/3 of your original positions at the break of the weekly pinbar. put two buy limits with each 1/3 of the position at the 38% and 62% fib of the weekly bar.
if you put at the 62, there is very little likelihood of it getting filled..they hardly retrace that largely. i've always seen prices retrace to 23 and 38 fib at the most. thats according to my experience.
  • #100,358
  • Aug 13, 2011 6:52am Aug 13, 2011 6:52am
Quoting mbqb11
...I am still in the gbp/nzd...
Ditto Mike. Seems that price can't break and close above and below 1.945 & 1.9889 (roughly speaking). How would you interpret the current PB on the daily. Does it add anything to your story or is it just a candle like any other?

There was a nice 4h PB that sent price against the BEOB, all be it relatively small.

Not an easy ride

Tomek
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  • #100,359
  • Edited 10:47am Aug 13, 2011 8:34am | Edited 10:47am
  •  Atom
  • | Joined Jul 2010 | Status: An atom..no more..probably less! | 44 Posts
Quoting jarroo
I like the Lowest Close of Support as the 1st immediate target on the Nzd/Chf Weekly PB.
Jarroo, where will be your entry and SL?
Thank you
  • #100,360
  • Aug 13, 2011 8:47am Aug 13, 2011 8:47am
Quoting aserbfx
the question is where to enter this pinbar.
for example the eur/chf: if you enter at the break of the pinbar at put your sl below the low of the weekly bar, you will face a 800ish pip loss. with the fta being away about 350 and 700 pips, this doesn't look good.
think about the following:
put a buy stop of 1/3 of your original positions at the break of the weekly pinbar. put two buy limits with each 1/3 of the position at the 38% and 62% fib of the weekly bar.
it is a good way .
A chart helps those who can read it.
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