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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

Quoting ddinnov
2 setups I've got my eye on for this week.

1. GBP/NZD - weekly is this a BEOB or a TBHLC off of 1.9500? Could be nice if it breaks the first blue box and heads down to the second/trendline on the daily.
Your charts look very very different from mine. So much in fact that I had to come back and double check it was the same chart. Here are mine from fxpro for a reference point.

Weekly
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daily
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Quoting Selecta3000
What an epic thread!
Thanks for sharing.
  • #101,903
  • Quote
  • Edited 10:03pm Sep 18, 2011 9:18pm | Edited 10:03pm
Quoting Adilius07
Can someone suggest some effective way please?

There were some recent changes into Nasdaq 100 Index components. Now, I know that GENZ and MICC were removed. Then who those two who replaced them? How to pinpoint the two???

I know with Nasdaq 100 I could just go through the list and notice two new names (maybe). But I even afraid to think that I will have to do the same with Sp600 where I have about 60 stocks that were moved out (((( who replaced them, how to get this info?
http://www.nasdaq.com/Newsroom/news/...nes.aspx?year=

http://press.djindexes.com/index.php...ponent-change/

http://www.standardandpoors.com/indi...p-500&type=All

RSS: it's like a ghetto Reuters feed!

Quoting Selecta3000
I've downloaded all 380 charts posted by James16 since 2005, and made one archive of it...
A shout in the street?
When you have to shoot, shoot. Dont talk.
Quoting ddinnov
2 setups I've got my eye on for this week.

1. GBP/NZD - weekly is this a BEOB or a TBHLC off of 1.9500? Could be nice if it breaks the first blue box and heads down to the second/trendline on the daily.
Yeah, it is a TBHLC.

Trouble is, look where it closed, right on the 1.9000 BRN which is also a daily PPZ & is acting as support. Would have been nice if it closed below this area.

Mikes, RN's sure help simplify things.
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4HTf Chart for Crude oil. USD90 per bbl seems to be a resistance. Nice pressure building up. Price can go either way and hopefully take me along with it.

Cheers
Novice198
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Quoting joelcf
http://www.nasdaq.com/Newsroom/news/...nes.aspx?year=

http://press.djindexes.com/index.php...ponent-change/

http://www.standardandpoors.com/indi...p-500&type=All
Hi Joel! Thank you very much! That looks exactly as what I need!
Now I will be really up to the minute with my stocks! Cool.

And I now know how to keep an eye on the stocks I trade!

I just wish I knew which other stocks can I add. I have 1850 equity instruments to follow each weekend and it is really not enough! I can easily add 1000 more, but which ones... I was thinking european stocks but not sure which and also will they be tradable with my TOS?
Quoting Adilius07
I just wish I knew which other stocks can I add. I have 1850 equity instruments to follow each weekend and it is really not enough! I can easily add 1000 more, but which ones... I was thinking european stocks but not sure which and also will they be tradable with my TOS?
You could add the FTSE100, CAC40, DAX30, SMI20, ASX20, TSX60, TOPIX100/Core30, HSI45 and perhaps the AEX30 or the FTSE/JSE40 (if you are getting bored) without running into too many issues. Just check that any individual equity you look at has sufficient liquidity - mostly not a concern until you get into the smaller constituents of the smaller exchanges (ie, the ASX/AEX/JSE/etc).

Although, I have to say, if you look at 1800 charts and *still* don't feel like it is enough...
When you have to shoot, shoot. Dont talk.
Quoting joelcf
You could add the FTSE100, CAC40, DAX30, SMI20, ASX20, TSX60, TOPIX100/Core30, HSI45 and perhaps the AEX30 or the FTSE/JSE40 (if you are getting bored) without running into too many issues. Just check that any individual equity you look at has sufficient liquidity - mostly not a concern until you get into the smaller constituents of the smaller exchanges (ie, the ASX/AEX/JSE/etc).

Although, I have to say, if you look at 1800 charts and *still* don't feel like it is enough...
Thank you! I was thinking about those major european names too, but it appears as my TOS doesn't support some (or most of them) or it has a chart comepletely opposite to those on Stockcharts.com... or some other problem that makes me nervous.

Anyway I just demoing stocks at the moment, maybe I should find a good demo broker for european stocks first and then follow those most liquid ones you mention.

Quote
Although, I have to say, if you look at 1800 charts and *still* don't feel like it is enough...
I want as many instruments as possible just for one reason. I made my rule book so strict that I now almost don't trade.... like for september there were no Forex trades yet... the Setups were just not good enough to take

So I thought the more instruments I have the better chance to choose just a perfect A+++. Another huge problem I have is that lot's of them look like SP500 Index so I thought maybe european one's will not correlate that much, hence giving me my buobs, pb's when general US market is sideways etc...
Quoting joelcf
You could add the FTSE100, CAC40, DAX30, SMI20, ASX20, TSX60, TOPIX100/Core30, HSI45 ...
Joel,
now that i have you here.
i sent you a PM, could you assist with that?

thanks,
  • #101,910
  • Quote
  • Edited 4:14am Sep 19, 2011 3:41am | Edited 4:14am
Quoting Adilius07
Thank you! I was thinking about those major european names too, but it appears as my TOS doesn't support some (or most of them) or it has a chart comepletely opposite to those on Stockcharts.com... or some other problem that makes me nervous.

Anyway I just demoing stocks at the moment, maybe I should find a good demo broker for european stocks first and then follow those most liquid ones you mention.
Sorry, missed the TOS bit. Pretty sure they just whitelabel TD Ameritrade, so you will probably be limited to the NYSE/NASDAQ, and maybe AMEX and the pinks - both of which you should avoid.

I use http://individuals.interactivebroker...hp?f=exchanges , who cover the majority of those I listed.


Quoting Adilius07
I want as many instruments as possible just for one reason. I made my rule book so strict that I now almost don't trade.... like for september there were no Forex trades yet... the Setups were just not good enough to take

So I thought the more instruments I have the better chance to choose just a perfect A+++. Another huge problem I have is that lot's of them look like SP500 Index so I thought maybe european one's will not correlated that much, hence giving me my buobs, pb's when general US market is sideways etc...
That's definitely a factor.

If you want to look for equities with lower correlation so you see some differing chart patterns, filter on their beta (assuming TOS support that, which I imagine they should). That should at least save some time.

Even better would be looking at subindexes and then filtering on the constituent betas to said subindex (ie, look at the transportation index and then look at the correlation of all the transportation stocks), but that's just going to a bunch of effort to be lazy.
When you have to shoot, shoot. Dont talk.
Quoting joelcf
Sorry, missed the TOS bit. Pretty sure they just whitelabel TD Ameritrade, so you will probably be limited to the NYSE/NASDAQ, and maybe AMEX and the pinks - both of which you should avoid.

I use http://individuals.interactivebroker...hp?f=exchanges , who cover the majority of those I listed.




That's definitely a factor.

If you want to look for equities with lower correlation so you see some differing chart patterns, filter on their beta (assuming TOS support that, which I imagine they should). That should at least save...

Thank you very much Joel, great advice in regards to filter!

Yes, IB looks fantastic, I will move there once I am confident and ready to trade stocks with live account.

Thank you!
Adi
Quoting Selecta3000
I've downloaded all 380 charts posted by James16 since 2005, and made one archive of it. The archive can be found here. It's good to have it all in one place.

Hope this saves another newbie!
Thanks Selecta, very nice!

dkc
Who likes exotics?
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W Szczebrzeszynie chrząszcz brzmi w trzcinie
Quoting novice198
4HTf Chart for Crude oil. USD90 per bbl seems to be a resistance. Nice pressure building up. Price can go either way and hopefully take me along with it.

Cheers
Novice198
Hi Novice

Been watching this one building for a while. If it breaks out and comes back for a retest this could be an excellent long trade. Waiting patiently......lets see what happens. It has been a slow burner.

Kal
Agreed Kal, because of the time of year I am looking for a breakout long, but it appears to be testing Short just now.

Also looking at Yen crosses, all of which are currently range bound, but may be looking to break Short and may give some entries in the coming days.
Quoting HiArt
Agreed Kal, because of the time of year I am looking for a breakout long, but it appears to be testing Short just now.

Also looking at Yen crosses, all of which are currently range bound, but may be looking to break Short and may give some entries in the coming days.
If it stays within ascending triangle then still biased towards a long trade here so will watch it closely this week for some good PA to get in if it sets up.
usd/cad

very simple play off the retracement to the box it broke out of!
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Quoting novice198
4HTf Chart for Crude oil. USD90 per bbl seems to be a resistance. Nice pressure building up. Price can go either way and hopefully take me along with it.

Cheers
Novice198
Wow... That is really nice. Thanks for tossing that up. Really makes me wish that I had a commodities account right now.

I need to get done with my paperwork to trade commodities with TOS...

Ryan
nice eur usd pinbar formed on my 4hr off the 76 retracement of last major move also into some demand, lets see how it goes
and theres a gap to fill, however the trend is still strong south, and the target from the rising wedge is way way south, but of course it wont be in a straight line .
mike
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