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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

  • #105,741
  • Edited 4:48pm Jan 10, 2012 6:18am | Edited 4:48pm
USD/CAD is getting into the zone.
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  • #105,742
  • Jan 10, 2012 6:23am Jan 10, 2012 6:23am
Quoting Lapin
Continuing in trying to assess how much I have learned reading the thread, here is EUR/GBP.

On the weekly TF, I can see there is the LCS which also coincide with the BRN 0.83. Is it a valid LCS?

If yes, then I would hope to see a bearish PA at this level on the daily to go bearish...

Is it a correct reasoning?

Hay Lapin

You are doing great and welcome.

I always like to take a look at the Monthly as well as the weekly to get the big picture.

On the monthly we can see that price is just about to test this minor swing point, but on the monthly even a minor SP can be strong.
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  • #105,743
  • Jan 10, 2012 7:39am Jan 10, 2012 7:39am
Quoting Pinbar
All roads lead to Rome, as they say.
Notice the weekly and monthly LCS are the same and that sucker still broke through it like butter.
Look how it turned... to the pip.... from your perspective and mine ;-)

I realise they are one and the same, i just find it fascinating that these things happen the way they do.
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  • #105,744
  • Jan 10, 2012 7:41am Jan 10, 2012 7:41am
Quoting Pinbar
AUD/CAD is getting into the zone.
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Hero calls followed by margin calls...
  • #105,745
  • Jan 10, 2012 7:53am Jan 10, 2012 7:53am
None of the gurus will like this post but hey...trade is still open by the way.
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  • #105,746
  • Jan 10, 2012 8:05am Jan 10, 2012 8:05am
Quoting sniper012
None of the gurus will like this post but hey...trade is still open by the way.
Why wouldn't anyone like it?
  • #105,747
  • Jan 10, 2012 8:16am Jan 10, 2012 8:16am
Quoting sniper012
None of the gurus will like this post but hey...trade is still open by the way.
Sniper we are glad to have you hang around here. I don't know where this chip on your shoulder came but many of us here help day in and out. This thread is focused on new traders and it will always be. If you had read a good amount of it you would see that many of us DO show trades and do go into more advanced topic. But this thread is about shedding some light on this business and will be a safe haven for new traders first and foremost as it has been for 7 years nearly.

Please feel free to hang out, but if you want to stir up trouble or have animosity towards those trying to learn from a free resource then there are plenty of other threads that would be better suited on FF for you. Let's keep it to trading only if you have stuff to share others will surely love to learn, if you feel like hanging out maybe there is stuff here for you to learn as well. Let's keep it a friendly environment

Thanks
Mike
  • #105,748
  • Jan 10, 2012 8:57am Jan 10, 2012 8:57am
Quoting mbqb11
Sniper we are glad to have you hang around here. I don't know where this chip on your shoulder came but many of us here help day in and out. This thread is focused on new traders and it will always be. If you had read a good amount of it you would see that many of us DO show trades and do go into more advanced topic. But this thread is about shedding some light on this business and will be a safe haven for new traders first and foremost as it has been for 7 years nearly.

Please feel free to hang out, but if you want to stir up trouble...
WOW to the humility u show!!
Total Respect for You !!!
  • #105,749
  • Jan 10, 2012 9:31am Jan 10, 2012 9:31am
Decided to take this CT pin with divergence. Risking 1% and going for 2%, will be moving stop to BE at FTA though
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  • #105,750
  • Jan 10, 2012 12:18pm Jan 10, 2012 12:18pm
Quoting beebolbod
Hi all,

I posted this a short while back and would appreciate any feedback as it's progressing a little more now.... it seems to be testing the BRN and the 50 fib again and has closed below the BRN for first time since Oct.

Is this something we'd be looking at taking?
Hello Beebolbod

Just my 0,02 contribution, like Ryan wrote a few posts back.

My comments are on the chart, but you can take it with a grain of salt like Donkey wrote too a few posts back, because i am kind of new too.

For me, results could have been better with a stronger close of the dbhlc, but with the weak close, price is still behaving kind of good.

Best wishes

Hector
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  • #105,751
  • Jan 10, 2012 12:43pm Jan 10, 2012 12:43pm
The Honorable Mike

What do you think about nzd/cad PB

Thank you very much
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  • #105,752
  • Jan 10, 2012 1:25pm Jan 10, 2012 1:25pm
Quoting mbqb11
Sniper we are glad to have you hang around here. I don't know where this chip on your shoulder came but many of us here help day in and out. This thread is focused on new traders and it will always be. If you had read a good amount of it you would see that many of us DO show trades and do go into more advanced topic. But this thread is about shedding some light on this business and will be a safe haven for new traders first and foremost as it has been for 7 years nearly.

Please feel free to hang out, but if you want to stir up trouble or have...
Well said Mike.
  • #105,753
  • Jan 10, 2012 2:04pm Jan 10, 2012 2:04pm
Quoting Pinbar
AUD/CAD is getting into the zone.
Hello PinBar

Waiting mode on this one too.

Best wishes

Hector
  • #105,754
  • Jan 10, 2012 2:05pm Jan 10, 2012 2:05pm
Quoting PhAnTi'
audx performing nice, but so does nzdx.....

technical wise daily demand + 1.3000 , but even crossed this brn....trickie one ..

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nah, i dont give it a shoot...1.3000 even turned resistance... will zap on

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Hero calls followed by margin calls...
  • #105,755
  • Jan 10, 2012 2:49pm Jan 10, 2012 2:49pm
Hi Mike (mbqb11),

can you please take a look at EURCAD 4HR box breakout continuation pattern in the attached chart. Is this a valid setup?

vyky
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  • #105,756
  • Jan 10, 2012 3:27pm Jan 10, 2012 3:27pm
Quoting Yehuda Sh
The Honorable Mike

What do you think about nzd/cad PB

Thank you very much
Hey Yehuda

I put some comments on a chart

Hope it helps
Mike
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  • #105,757
  • Jan 10, 2012 3:37pm Jan 10, 2012 3:37pm
Quoting vyky
Hi Mike (mbqb11),

can you please take a look at EURCAD 4HR box breakout continuation pattern in the attached chart. Is this a valid setup?

vyky
hey Vyky

I placed some comments on a chart and a scenario I would prefer to see play out myself

Hope it helps
Mike
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  • #105,758
  • Jan 10, 2012 3:42pm Jan 10, 2012 3:42pm
What do you guys think of this pinbar forming on the GBPAUD Daily?

http://img715.imageshack.us/img715/9416/gpbaud.jpg

Pros:

Swing low
Long Nose
Support Area

Con:

Counter trend
Strong resistance at the 1.51 area
  • #105,759
  • Jan 10, 2012 4:00pm Jan 10, 2012 4:00pm
Quoting mbqb11
hey Vyky

I placed some comments on a chart and a scenario I would prefer to see play out myself

Hope it helps
Mike
Thanks Mike. I will keep an eye on this pair.

vyky
  • #105,760
  • Jan 10, 2012 5:13pm Jan 10, 2012 5:13pm
Quoting mojo6911
What do you guys think of this pinbar forming on the GBPAUD Daily?

http://img715.imageshack.us/img715/9416/gpbaud.jpg

Pros:

Swing low
Long Nose
Support Area

Con:

Counter trend
Strong resistance at the 1.51 area
Hey mojo

I see you are using a midnight close, so my chart looks completely different but still based on your bar I would be very cautious with such a small bar back into such a mess. You can see we are pretty tightly range bound so something to be aware of. I'd prefer to see us get out of the range before messing too much on the higher timeframes. I'll be watching the 1.5 on some of the lower timeframes though

Best
Mike
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