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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

  • #105,341
  • Dec 21, 2011 9:12pm Dec 21, 2011 9:12pm
Hi Mike,
Wld this engulfing bar at USDCHF strong support area be considered a gd qty bar?

AudUSD printed PB on daily, but it closed weak and AUDUSD is winding up in a triangular pattern. HOw wld u rate this setup if the PB breaks?


I have also attached the AUDUSD in H4 with a bearish engulfing bar. WLd u consider this an OK qty engulfing bar?

Merry X'mas to All & a very Happy New Year!
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  • #105,342
  • Dec 22, 2011 12:14am Dec 22, 2011 12:14am
Quoting Fx7877
Hi Mike,
Wld this engulfing bar at USDCHF strong support area be considered a gd qty bar?

AudUSD printed PB on daily, but it closed weak and AUDUSD is winding up in a triangular pattern. HOw wld u rate this setup if the PB breaks?


I have also attached the AUDUSD in H4 with a bearish engulfing bar. WLd u consider this an OK qty engulfing bar?

Merry X'mas to All & a very Happy New Year!
Hey FX

It's a so-so area for me because we would be trading right back to the last selling point which is also a round number. The bar also didn't close very strong, add in the holidays and it quickly loses quality for me.

It's a pretty good bar, but you really nailed the location down. It's a winding up sideways market so we need to respect and expect that to continue and prepare ourselves. This is the story part that is so very important

Best
Mike
  • #105,343
  • Dec 22, 2011 12:19am Dec 22, 2011 12:19am
Mike

Thank you for your great help

What is your opinion on the PB of snap G/U

Sorry for my English road
  • #105,344
  • Dec 22, 2011 12:34am Dec 22, 2011 12:34am
hello Sir Yehuda,
kindly show us your G/U chart.
  • #105,345
  • Dec 22, 2011 12:36am Dec 22, 2011 12:36am
EURGBP buy - GBPUSD-sell pin (day) ?
See PA
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_______________________________ ""Amat victoria curam""
  • #105,346
  • Dec 22, 2011 12:38am Dec 22, 2011 12:38am
pin bar g/u
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  • #105,347
  • Dec 22, 2011 12:44am Dec 22, 2011 12:44am
Quoting Yehuda Sh
pin bar g/u
- the pinbar is relatively small/average (compare it to previous candle)
- it didnt have a bearish close
- it sits right on top of a PPZ 1.5650. if price breaks through this area, u might see mid-1.5500
- overall, this looks like a pause rather than a strong bearish signal.

just my view.

Quoting master_profi
EURGBP buy - GBPUSD-sell pin (day) ?
See PA
why is eurgbp a buy?
as far as your chart's concerned, i dont see any PA setup to go long with?
  • #105,348
  • Dec 22, 2011 12:52am Dec 22, 2011 12:52am
Quoting supremeChaos
-
why is eurgbp a buy?
as far as your chart's concerned, i dont see any PA setup to go long with?
for buy EURGBP wait setup H4

Sorry for my bad English
_______________________________ ""Amat victoria curam""
  • #105,349
  • Dec 22, 2011 1:02am Dec 22, 2011 1:02am
Quoting master_profi
for buy EURGBP wait setup H4
Sorry for my bad English
i understand.
no problem Sir. your English is fine.
  • #105,350
  • Dec 22, 2011 1:09am Dec 22, 2011 1:09am
SupremeChaos

What setap
You take today?

Sorry for my bad English
  • #105,351
  • Dec 22, 2011 1:17am Dec 22, 2011 1:17am
Quoting Yehuda Sh
What setup
You take today?
no setup yet.
i have been trading less this December.

i understand your post well, so no problem Sir..


if any of you have not read most of this thread, December/January is probably the right time to continue studying this thread.
Start with Post #1.
  • #105,352
  • Dec 22, 2011 1:35am Dec 22, 2011 1:35am
I see the situation tak.Kak soon it will remain zagakoy.
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_______________________________ ""Amat victoria curam""
  • #105,353
  • Dec 22, 2011 1:41am Dec 22, 2011 1:41am
Quoting mbqb11
Hey FX

It's a so-so area for me because we would be trading right back to the last selling point which is also a round number. The bar also didn't close very strong, add in the holidays and it quickly loses quality for me.

It's a pretty good bar, but you really nailed the location down. It's a winding up sideways market so we need to respect and expect that to continue and prepare ourselves. This is the story part that is so very important

Best
Mike
Mike, thks for your reply. Pls see my comments in blue.

"It's a so-so area for me because we would be trading right back to the last selling point which is also a round number. The bar also didn't close very strong, add in the holidays and it quickly loses quality for me. " Mike, this is referring to USDCHF? Abit confused here cos don't see any selling point nearby

"It's a pretty good bar, but you really nailed the location down. It's a winding up sideways market so we need to respect and expect that to continue and prepare ourselves. This is the story part that is so very important" Mike, when u said this is pretty gd bar, u referring to the daily PB or the H4 BEOB becos I attached charts on both TF here. Just to clarify...
  • #105,354
  • Dec 22, 2011 4:36am Dec 22, 2011 4:36am
Hi guys,
I would like to share and of course would hear some comments on this one.
I entered after retracement to 50%. I see support at 1.30 so I moved my SL to BE and closed half at +50 pips. So this is free ride now.
Looks like my first month on demo will be +20%.
THIS IS REALLY AWESOME. THANK YOU GUYS FOR OPENING MY EYES.
I still have to read more than 6000 pages ...

Attached Image (click to enlarge)
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  • #105,355
  • Dec 22, 2011 5:25am Dec 22, 2011 5:25am
Quoting Rust
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
update :
stopped at 0.9320 for a small loss (1/5th of initial risk)

Seems we're going higher again , but this one is over for me ...
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  • #105,356
  • Dec 22, 2011 7:02am Dec 22, 2011 7:02am
Quoting supremeChaos
price is sort of in consolidation (your weekly chart). price can & will move through PPZs in such market condition.
Thanks for your prompt reply, SC
Do you mean in sideways market PPZs don't have much strength compared to trending market?

Quote
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.
If you take such trade, knowing the PPZ could give trouble - at what point would you exit if price couldn't move easily through the PPZ?

Thanks in advance
  • #105,357
  • Edited 7:45am Dec 22, 2011 7:30am | Edited 7:45am
Quoting Be Cool
Do you mean in sideways market PPZs don't have much strength compared to trending market?
what do u mean by 'strength'?
in sideways market, price tend to move through PPZs, sometimes/often several times.

if less times price moves through a PPZ = 'strength', then yes, such PPZs that get pierced thru by price several times may be deemed 'weak', in a sense. usually such PPZs are minor PPZs. generally, PPZs on higher TFs maintain their 'strength'/still exert strong influence.

Quote
If you take such trade, knowing the PPZ could give trouble - at what point would you exit if price couldn't move easily through the PPZ?
it's just instinct, i guess. of course, i'll monitor PA at the PPZ..
to be honest, i still have the tendency to exit good/great trades quickly.

Quoting trc
I entered after retracement to 50%.
I still have to read more than 6000 pages ...
Hello trc,
did u take a 50% retracement of the prior candle, a 'pinbar'?
if so, that is a non-traditional entry. but if it works for u , & u are aware of price action, then keep it up. (it wont hurt if u study the 'basic setups')

to speed up your learning, read post #1, check out the free videos, study all of james16's posts... & include posts of a few seniors too, if u want.

Quoting Rust
Seems we're going higher again , but this one is over for me ...
based on PA, im quite sure u'll come out correct, specially when 0.9380 area gives way.
why not demo it, at the least?
  • #105,358
  • Dec 22, 2011 8:09am Dec 22, 2011 8:09am
Quoting supremeChaos
what do u mean by 'strength'?
in sideways market, price tend to move through PPZs, sometimes/often several times.

if less times price moves through a PPZ = 'strength', then yes, such PPZs that get pierced thru by price several times may be deemed 'weak', in a sense. usually such PPZs are minor PPZs. generally, PPZs on higher TFs maintain their 'strength'/still exert strong influence
I see.So in sideways market price is more likely to move through PPZ. I'll keep that in mind. I notice that you follow several other threads -your dedication to trading should be an inspiration to other traders, Sir
  • #105,359
  • Dec 22, 2011 8:23am Dec 22, 2011 8:23am
head shoulders
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_______________________________ ""Amat victoria curam""
  • #105,360
  • Dec 22, 2011 8:33am Dec 22, 2011 8:33am
coming...

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Hero calls followed by margin calls...
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