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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

  • #105,301
  • Edited 4:49am Dec 20, 2011 3:54am | Edited 4:49am
Just talking to myself to get grounded after losing my mind in Japan.

Actually, I am also kicking myself for missing this setup.
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  • #105,302
  • Dec 20, 2011 4:03am Dec 20, 2011 4:03am
Quoting Pinbar
Just talking to myself to get grounded after losing my mind in Japan.

Actually, I am also kicking myself for missing this setup.
Very interesting seeing your thinking pattern from monthly all the way down to M30. Thank's for the post.

On daily it does also seem to be forming a bit of a flag with higher lows and lowers high coming through... it would be very interesting to see what happens when the pinch comes in...


Dave
  • #105,303
  • Dec 20, 2011 4:51am Dec 20, 2011 4:51am
Quoting Mpondondo
Very interesting seeing your thinking pattern from monthly all the way down to M30. Thank's for the post.

On daily it does also seem to be forming a bit of a flag with higher lows and lowers high coming through... it would be very interesting to see what happens when the pinch comes in...


Dave
More like Jarroo's thinking.
Glad it may have been of interest.

Yes, it is probably going back to the 1.0300 to test it.

Steve
  • #105,304
  • Dec 20, 2011 4:53am Dec 20, 2011 4:53am
Quoting Mpondondo
Good day all

A question for the pro's on the site here. The attached USD/CHF.... is the MACD divergence shown correct, or am I cheating by not taking into account the little hump in the middle of my divergence sketch?

thanks a lot and a Merry Christmas to all.

regards,
Dave
Hey Dave

That is correct application of divergence there

A happy holidays to you and yours as well

Best
Mike
  • #105,305
  • Dec 20, 2011 5:00am Dec 20, 2011 5:00am
Quoting mbqb11
Hey Dave

That is correct application of divergence there

A happy holidays to you and yours as well

Best
Mike
Thank you Mike.
  • #105,306
  • Dec 20, 2011 6:26am Dec 20, 2011 6:26am
Am sorry for dumb question, but what kind of cross pairs do you trade guys?Mabie some exotics? And i just want to quickly thank Jamie for creating this tread and enchanting my knowledge of forex
  • #105,307
  • Dec 20, 2011 7:42am Dec 20, 2011 7:42am
Looks like everyone has closed down for the holidays.

Just looking at this out of interest.
We have parity and a fully charged 50 EMA after it broke through the 150 EMA from above. Is this going to push price down. Let's see.
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  • #105,308
  • Dec 20, 2011 8:21am Dec 20, 2011 8:21am
Quoting Marozas
Am sorry for dumb question, but what kind of cross pairs do you trade guys?Mabie some exotics? And i just want to quickly thank Jamie for creating this tread and enchanting my knowledge of forex
Hey Marozas

I trade anything that looks ok to trade. So that means many different crosses. A lot of people have a fear of them because it seems un natural or the spreads seem high. In most cases with a decent broker most crosses are tradeable and the spreads relative to the types of moves that occur.

Check out fxpro feed and click show all in the market watch. I trade most everything listed there(with other brokers)

Hope that helps
Mike
  • #105,309
  • Dec 20, 2011 8:22am Dec 20, 2011 8:22am
Guess, the 50 is just not strong enough, we are now waiting for the touch of the 150. Which, should be a much stronger reaction as it has also been charged by the 50 breaking below it.

If this does not show a reaction, I am just about done with the faster EMAs and the base system as, I can never seem to catch one when it works, in real time.
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  • #105,310
  • Dec 20, 2011 9:27am Dec 20, 2011 9:27am
Happy Holidays everyone.

Hope all of you have some time off to enjoy your friends and family.

Stay safe and enjoy.

Looks like a windy and chilly Christmas here in Costa Rica.
  • #105,311
  • Edited 7:47pm Dec 20, 2011 6:56pm | Edited 7:47pm
AUD/CAD broke out as I thought it would.
I was actually watching this on M15 before I crashed out.

After the M15 BUEOB breakout of the channel, I like the look of this M30 pullback with the BUEOB PB Hybrid.

How interesting
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  • #105,312
  • Dec 20, 2011 9:41pm Dec 20, 2011 9:41pm
Quoting Greenhaze
I have an opposite view to that....With current market conditions i would rather wait and prepare myself for the breakout to the downside but thats just me
nice one, Sir GH. & very valid.
i failed to see your post early, as usual too bad for me
seriously, the bearish trend is still exerting itself... so prepare for the possible downside breakout u've been expecting

Happy Holidays again to all!
  • #105,313
  • Dec 21, 2011 3:09am Dec 21, 2011 3:09am
Hi All,
Just to say thanks to all for the great times over the last 4- 5 mths, I have really enjoyed learning and trading James way, and am oh so happy with the dailey weekly and mthly time frames. I used to trade 1 , 5 , and 15m
I hope to be able to contribute a bit next year.
I have finished trading for this year and leave for a holliday and a complete break , at a " smallish" coastal village called "Hermanus" about 150 KM east of Cape Town,, Thats close to the most southern tip of africa,, and its mid summer here with temperatures in the mid / late 20's and early 30's
Hope you all can relax over the hols, and that next year all your dreams come true.
Warm regards to all
Mike
  • #105,314
  • Edited 3:55am Dec 21, 2011 3:24am | Edited 3:55am
Did anyone see this on the NZD/USD? I obviously didn't when I looked away for a second. It looks like some big money decided to just DUMP all their position. I was up +6.5% on this with a 20pip TP left.

Triangle is original position. Red dot is me getting stopped out. I swear they're hunting for me! Tell me this isn't normal.

Edit: Hoping price would come crashing down and stay down, forming a pinbar on a wedge that's pointing down. Then I'd short and jump for joy. Anyone hoping with me? Though I do see a divergence. That I won't be happy about if price shoots up even more.
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  • #105,315
  • Dec 21, 2011 4:06am Dec 21, 2011 4:06am
Quoting Izzy
Triangle is original position. Red dot is me getting stopped out. I swear they're hunting for me! Tell me this isn't normal..
i got that spike on my live feed too.
no, it isn't 'normal'. & no, they are not hunting your stop.
post this on the Oanda thread &/or contact Oanda via email. ask if this is a bad tick/bad feed.
on the bright side, u came out positive, which doesn't always happen when such thing occurs.
  • #105,316
  • Edited 5:35am Dec 21, 2011 5:28am | Edited 5:35am
Hi SC need your opinion here.
AUDSGD: PPZ, 50% fib & RN 1.3000 , BUOB encompass previous three bars.
Passed this setup this morning due to the BUOB didn't close above PPZ in green. And looking from the weekly chart,price is still in a box. Now i wonder why the green PPZ didn't give trouble at all. Price moved through it very easily.What do you make of that, SC? Is there a situation where you would take a trade when the PA bar is right on PPZ like this?
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  • #105,317
  • Dec 21, 2011 5:45am Dec 21, 2011 5:45am
Greetings. I'm short from the break of this pinbar. There's a round number off the tail, bearish close, room to move, a bit of fib confluence and obviously the nice pivot zone that I was watching. Just thought I'd share a trade I'm quite comfortable with taking, and happy to hear any contrary or supporting opinions about the trade.

Regards.


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  • #105,318
  • Dec 21, 2011 6:34am Dec 21, 2011 6:34am
Quoting Be Cool
Hi SC need your opinion here.
AUDSGD: PPZ, 50% fib & RN 1.3000 , BUOB encompass previous three bars. ...What do you make of that, SC? Is there a situation where you would take a trade when the PA bar is right on PPZ like this?
u shouldn't be surprised if/when a ppz doesnt hold.
a PPZ doesnt hold price every time. specially in this case, price is sort of in consolidation (your weekly chart). price can & will move through PPZs in such market condition.

also, i think it's another "flexibility issue" when u want a PA bar to close above/below a certain PPZ --- it wont always do. this is quite a typical scenario wherein the ppz is breached in the next or succeeding bars (bar/s after your PA setup).
on the brigther side, this is part of your rule (not taking a PA bar that has not closed above/below a certain PPZ) so i guess it is best that u follow it always (until u come up with new rules)
personally, i would take such trade as im quite flexible with my entries. the good thing is i am able to monitor my trades, so i can watch what happens around such PPZs.

the last thing i can add is that AUD has been strong recently. this might be part of the reason why your green ppz has been easily breached.

Quoting FocusedonFX
Greetings. I'm short from the break of this pinbar. .
Hello FocusedonFX,
this trade may or may not work.
my main concerns are:
-thinner liquidity due to the holiday season
-strength of aud. so price may stall anywhere before your target gets hit

Looking forward to more posts from u, Sir!
  • #105,319
  • Dec 21, 2011 6:48am Dec 21, 2011 6:48am
Hey Izzi ,
this spike on ibfx goes down to 0.7724 , which is a lot higher than on your chart . And almost doesn't exist on FXpro .
  • #105,320
  • Dec 21, 2011 7:05am Dec 21, 2011 7:05am
I wasn't watching much charts lately , but this was a zone I'm stalking for some time . Half risk on the table with upcoming holidays .

- 0.9300 zone is heavy respected
- higher lows building pressure to the upside
- first time back to ppz
- nice beob
- 150 ema

half position opened on the H1 buob , second pending on the break of the H4 buob
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