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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

  • #101,461
  • Sep 12, 2011 1:21am Sep 12, 2011 1:21am
Quoting The7
Short entered at 1.2050. Let's see how this turns out. Anyone else caught this?

Watch out for the BRN & the 150 EMA
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  • #101,462
  • Sep 12, 2011 1:22am Sep 12, 2011 1:22am
Quoting The7
Short entered at 1.2050. Let's see how this turns out. Anyone else caught this?
Might want to be careful on this one. The Swiss central bank has promised to intervene if the currency drops below 1.2000. I don't know if they have the ability to keep it up, but I wouldn't want to bet against them.

Ryan
  • #101,463
  • Sep 12, 2011 1:49am Sep 12, 2011 1:49am
Like the look of this PB on EG, if it can close above the 61.8
I shall keep an eye on the H4 BUEOB.
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  • #101,464
  • Sep 12, 2011 3:41am Sep 12, 2011 3:41am
Kinda tempting if it end up as a pinbar, lots of space, but I don't know if it's wise to go against these monster bearish moves?
Any thoughts?
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  • #101,465
  • Sep 12, 2011 4:31am Sep 12, 2011 4:31am
Quoting Pinbar
Watch out for the BRN & the 150 EMA
Spot on there Pin - also worth considering that Swiss CB say they will not let currency fall below a certain level so this one is very tricky at the moment and bst left alone for now IMHO.
  • #101,466
  • Sep 12, 2011 4:51am Sep 12, 2011 4:51am
Quoting Kalbar
Spot on there Pin - also worth considering that Swiss CB say they will not let currency fall below a certain level so this one is very tricky at the moment and bst left alone for now IMHO.

Yeah, that is exactly what I am thinking and decided to watch it and see how the daily closes.

Thanks
  • #101,467
  • Sep 12, 2011 4:54am Sep 12, 2011 4:54am
i think always after week ends. we should wait for a daily close to take a decision. coz at the opening the market is a bit filthy..
  • #101,468
  • Sep 12, 2011 5:02am Sep 12, 2011 5:02am
Quoting extremerrage
i think always after week ends. we should wait for a daily close to take a decision. coz at the opening the market is a bit filthy..
Yes ext that is a sensible policy! As people keep stating 'we wait and we get paid'!! If you can exercise patience then you are on your way my friend. Easier said than done of course but true.
  • #101,469
  • Sep 12, 2011 5:07am Sep 12, 2011 5:07am
Nice setup on eurusd on 4hr bullish engulfing pattern (or a pinbar/doji if we add both candles) after testing the 1.35. u can see that the fibo of the last move showed a confluence on the 1.39 level with the 61.8 could be a long term setup specially with the daily pinbar forming. this is my analysis any tips or advices?
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Plan your Trade, Trade your Plan
  • #101,470
  • Sep 12, 2011 5:23am Sep 12, 2011 5:23am
Quoting BigJay
Nice setup on eurusd on 4hr bullish engulfing pattern (or a pinbar/doji if we add both candles) after testing the 1.35. u can see that the fibo of the last move showed a confluence on the 1.39 level with the 61.8 could be a long term setup specially with the daily pinbar forming. this is my analysis any tips or advices?

Hi Bigjay,
Just share with u my opinion.....
I saw there is the down side gap .... waiting close above the gap .... then the bullish candle be on free way .... that what i see....

cheers
  • #101,471
  • Sep 12, 2011 5:24am Sep 12, 2011 5:24am
Regarding AUD/NZD

http://www.forexfactory.com/showthre...69#post4944169

Please understand the significance of poles, flags, compression, and spikes,

Without this knowledge, you'll be handing back so much of your profits to the market

Happy trading to all

If
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  • #101,472
  • Sep 12, 2011 5:27am Sep 12, 2011 5:27am
Quoting BigJay
Nice setup on eurusd on 4hr bullish engulfing pattern (or a pinbar/doji if we add both candles) after testing the 1.35. u can see that the fibo of the last move showed a confluence on the 1.39 level with the 61.8 could be a long term setup specially with the daily pinbar forming. this is my analysis any tips or advices?

The PB on the daily is not valid, nor is the H4 bar a BUEOB.
I have written the explanation on the chart.

Hope this helps
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  • #101,473
  • Sep 12, 2011 5:41am Sep 12, 2011 5:41am
Seems to have slightly different price data? On my EURUSD chart there was clearly a pinbar in the making..
Anyway.. think it might be better to wait for a bearish setup on the fiber.
  • #101,474
  • Sep 12, 2011 6:00am Sep 12, 2011 6:00am
Quoting Pinbar
The PB on the daily is not valid, nor is the H4 bar a BUEOB.
I have written the explanation on the chart.

Hope this helps
great explanation pin,,, that is actually logic
  • #101,475
  • Sep 12, 2011 6:17am Sep 12, 2011 6:17am
Quoting extremerrage
great explanation pin,,, that is actually logic
If anyone else is interested & not yet seen this, here is a chart of the main PA setups.

They can print it out and take it with them to work to memorize these patterns.

Hope this helps.
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  • #101,476
  • Sep 12, 2011 6:25am Sep 12, 2011 6:25am
Quoting Pinbar
If anyone else is interested & not yet seen this, here is a chart of the main PA setups.

They can print it out and take it with them to work to memorize these patterns.

Hope this helps.
yep pin its been already hijacked.. it is in my arsenal already.. thx mate
  • #101,477
  • Sep 12, 2011 6:54am Sep 12, 2011 6:54am
Looking at the weekly chart we can see it came of the LCS.

Let's see if we get a good close on it in the next 6 mins.
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  • #101,478
  • Sep 12, 2011 8:14am Sep 12, 2011 8:14am
USDCAD h4 doesn't get any better
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  • #101,479
  • Sep 12, 2011 9:15am Sep 12, 2011 9:15am
Quoting vasmiza
USDCAD h4 doesn't get any better
Yup! I played it as a touch trade just above parity and it created a pin so either way a great trading opportunity. Whats your initial TP? Call my biased ( I am canadian) but I might be looking for 0.95 (0.98 as minimum) unless a price action buy signal pops up.
  • #101,480
  • Sep 12, 2011 9:45am Sep 12, 2011 9:45am
Quoting thermobee
Yup! I played it as a touch trade just above parity and it created a pin so either way a great trading opportunity. Whats your initial TP? Call my biased ( I am canadian) but I might be looking for 0.95 (0.98 as minimum) unless a price action buy signal pops up.
Its funny how it works as soon as I typed this it started retracing off of that support lol
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