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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

  • #104,121
  • Nov 7, 2011 1:47pm Nov 7, 2011 1:47pm
Just back in from work and taking a look at what's been going on since this morning. Not a lot from the looks of it. Price not at the locations I was looking at on the pairs I mentioned on Sunday night.

GBPNZD daily has caught my eye though. Nice little PB from Thursday that the would have triggered short today for 30 or 40 pips to the FTA. Didn't take it as I was at work though. But looking at it now, it looks more like a B or C trade. Don't see to much confluence if any. Price between teh 365 and 150 ema. Entry would have been at a RN. Got the BRN of 2.0 acting as resistance for sure.

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Would like to see something similar to what happened previously on the 365 ema.
  • #104,122
  • Nov 7, 2011 2:40pm Nov 7, 2011 2:40pm
dow future approaching the ppz 12k points once more. maybe we see a breakout in the next hours...
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meine augen sind die sterne
  • #104,123
  • Nov 7, 2011 3:55pm Nov 7, 2011 3:55pm
Quoting meshka
and I am looking one eye on USDCAD for breaking higher. would be nice to see some action
Was looking at the chart that you posted and just wanted to mention to be mindful of the 1.0250 number. This is one of them that I have had for S/R on this chart for a while now. It has not touched it in a few weeks, but look how it would be just above a potential buy order.

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  • #104,124
  • Nov 7, 2011 3:59pm Nov 7, 2011 3:59pm
Quoting aserbfx
dow future approaching the ppz 12k points once more. maybe we see a breakout in the next hours...

Interesting chart. It has broken through and retested the old highs and BRN almost to the pip. Did you trade this one Acerb? Just curious what your plan would be.

Ryan
  • #104,125
  • Nov 7, 2011 5:08pm Nov 7, 2011 5:08pm
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Hey guys, EURGBP does look like a very nice setup for LONG entry ,

Andru
  • #104,126
  • Nov 7, 2011 5:57pm Nov 7, 2011 5:57pm
Quoting andrugeno
Attachment

Hey guys, EURGBP does look like a very nice setup for LONG entry ,

Andru
If price hits your buy limit it will need to break below the recent daily range lows... some would consider this a bearish breakout. A pinbar in this area would be a different proposition though. Food for thought :-)
  • #104,127
  • Nov 7, 2011 6:36pm Nov 7, 2011 6:36pm
Quoting meshka
Possible break up arising on AUDCHF 4H TF - if so will buy on pullback to the 0.9300..
Hi Yogi

Something to be mindful of, price does tend to want to close the weekend gap (0.9211). I can't say it will, or that it will affect your trade... just throwing it out there
  • #104,128
  • Nov 7, 2011 6:47pm Nov 7, 2011 6:47pm
Quoting kruger
sold gold at FTB to broken daily LCS, divergence
Czesc kolego!

Ciesze sie ze ci sie udalo, ale:

1) I wouldn't be going against the current bullish trend
2) Switch charts to the unofficial "official" NY close, it'll tighten up your levels, (especially if you are going to trade Jarroo's take on things).
3) Not sure If I would go down to a 5m chart
4) 1778.52 would have been my level. Note how price broke through on the hourly, close above, and kept going. From what Jarroo has been teaching, I think that could have been a better entry/trade.
5) You're free to ignore the above, just how I see it.
  • #104,129
  • Nov 7, 2011 6:53pm Nov 7, 2011 6:53pm
Quoting jarroo
"It's usually better to find added confluence with these sort of trades e.g. fibs, big round numbers etc." and PA formations . .

Great post and charts . .T.
...oh yeah... and PA formations
  • #104,130
  • Nov 7, 2011 7:13pm Nov 7, 2011 7:13pm
A friend of mine has not mastered this exercise yet, but he HAS picked some nice tops and bottoms, he seems to get a big carried away. Stalking...
  • #104,131
  • Nov 7, 2011 7:30pm Nov 7, 2011 7:30pm
Is it at my end or is this thread failing to load the posts in a reasonably amount of time? I have no problems surfing anywhere else like the BBC or other sites but FF is not loading all the posts.
Probably need more server space.
  • #104,132
  • Nov 7, 2011 8:56pm Nov 7, 2011 8:56pm
Quoting Pinbar
Is it at my end or is this thread failing to load the posts in a reasonably amount of time? I have no problems surfing anywhere else like the BBC or other sites but FF is not loading all the posts.
Probably need more server space.
seems ok over here bud


Mike
  • #104,133
  • Edited 9:09pm Nov 7, 2011 8:58pm | Edited 9:09pm
Here's a scenario I wouldn't mind see playing out on USDCHF....

Will be watching for close above .9083 for long entry....preferred direction for this pair.

Rejection at that area and bias would be short for the near term.
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  • #104,134
  • Edited 9:21pm Nov 7, 2011 8:59pm | Edited 9:21pm
EG is looking mighty interesting.
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  • #104,135
  • Nov 7, 2011 9:09pm Nov 7, 2011 9:09pm
AUDNZD looking like it may approach a good level to watch....

RN 1.3200, PPZ, 61.8 fibo
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  • #104,136
  • Nov 7, 2011 9:10pm Nov 7, 2011 9:10pm
Quoting Donkey
Here's a scenario I wouldn't mind see playing out on USDCHF....

Will be watching for close above .9083 for long entry....preferred direction for this pair.

Rejection at that area and bias would be short for the near term.
I wouldn't mind that either
  • #104,137
  • Nov 7, 2011 9:20pm Nov 7, 2011 9:20pm
Quoting mbqb11
I wouldn't mind that either
Still long the weekly pin, eh?
  • #104,138
  • Nov 7, 2011 9:21pm Nov 7, 2011 9:21pm
Quoting Donkey
Still long the weekly pin, eh?
sometimes I forget I am, but yes lol


Mike
  • #104,139
  • Nov 7, 2011 9:24pm Nov 7, 2011 9:24pm
Will be watching the rising TL on NU for the next several weeks....wouldn't mind seeing it break down at the BRN eventually
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  • #104,140
  • Nov 7, 2011 9:25pm Nov 7, 2011 9:25pm
Quoting Donkey
Will be watching the rising TL on NU for the next several weeks....wouldn't mind seeing it break down at the BRN eventually
Man I would love this to squeeze down even more, I think you know why of course

Nice charts tonight D

Mike
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