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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

  • #108,021
  • Feb 26, 2012 2:54pm Feb 26, 2012 2:54pm
Thanks Mike. I completely missed the possible bull flag. I struggle with patience waiting for trades, so I appreciate another perspective. Trading the daily and weekly charts have been a struggle for me because it. Thanks again.
  • #108,022
  • Feb 26, 2012 2:54pm Feb 26, 2012 2:54pm
Quoting mbqb11
hey badger welcome to the thread!

I would be careful here. This is a pinbar but very tiny and not at a good swing high. Because of that we are stuck in a very tight area. It looks like a bullish flag forming if anything to. This actually puts our FTA very close. We are also trading back into a bigger BUOB here too.

Here is my chart

Again welcome to this thread love to see new folks posting

Mike
Mikes spot on here as usual, the BUOB is more in play here and the red pinbar you point to is no more than a pullback to the new support the BUOB broke as resistence.

i could be wrong, and it may break back down, but how we do things here, this wouldnt be a sell for me.
  • #108,023
  • Feb 26, 2012 3:08pm Feb 26, 2012 3:08pm
Quoting gustavs
Hi, I am a newbie.
what do you think about this ? =)
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I would wait to see what price does at that level first
  • #108,024
  • Feb 26, 2012 4:24pm Feb 26, 2012 4:24pm
Just talking to myself here.
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  • #108,025
  • Feb 26, 2012 4:26pm Feb 26, 2012 4:26pm
is this a pin forming on usd/jpy near a ppz? maybe going back to retest 80?
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  • #108,026
  • Feb 26, 2012 6:06pm Feb 26, 2012 6:06pm
Interesting
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  • #108,027
  • Feb 26, 2012 6:07pm Feb 26, 2012 6:07pm
Quoting grooler
is this a pin forming on usd/jpy near a ppz? maybe going back to retest 80?
The open is outside the left eye, like a lot of the gaps on the JPY pairs, thus generally invalidating it, as well as it being currently rather small.
  • #108,028
  • Feb 26, 2012 6:18pm Feb 26, 2012 6:18pm
Quoting Pinbar
Interesting
hello,pinbar,forgive me as a newbie,what is the meaning of WCA?
thanx
  • #108,029
  • Feb 26, 2012 6:31pm Feb 26, 2012 6:31pm
Quoting payeasy
hello,pinbar,forgive me as a newbie,what is the meaning of WCA?
thanx

Nothing to forgive, we were all new once.

It just means a Weekly Close Above a certain area, a SH or SL.
  • #108,030
  • Feb 26, 2012 6:55pm Feb 26, 2012 6:55pm
Quoting deankenny21
This has always confused me, i have a few friends who also run windows copy on thier mac like this, why not just buy a PC and save all the hassle, that way you have alot more versatility with programs and hardware too.
I have a PC already. Mac's are allot faster and have much better programs than Windows. If they would just create a Metatrader for Mac we would not have to do this.
"Greed is good,greed is right,greed works"
  • #108,031
  • Feb 26, 2012 7:01pm Feb 26, 2012 7:01pm
Quoting Gekko78
I have a PC already. Mac's are allot faster and have much better programs than Windows. If they would just create a Metatrader for Mac we would not have to do this.
But macs are not faster at all, for the price of a mac, i could build a pc with the same price, that would run about 5x as fast. Thats what i mean with versatility you can pick and choose hardware.
  • #108,032
  • Feb 26, 2012 7:08pm Feb 26, 2012 7:08pm
Quoting deankenny21
But macs are not faster at all, for the price of a mac, i could build a pc with the same price, that would run about 5x as fast. Thats what i mean with versatility you can pick and choose hardware.
I hear you , Macs aren't for everyone
"Greed is good,greed is right,greed works"
  • #108,033
  • Feb 26, 2012 8:17pm Feb 26, 2012 8:17pm
Quoting gustavs
Hi, I am a newbie.
what do you think about this ? =)
Attachment
I'm a newbie as well, but I wanted to point something out. That peak that the EUR/USD pair is at currently is also right at the trendline from sept 3rd of last year to now. So, +1 more for confluence. Personally, I will be keeping an eye out for price action in this area for the next few days for a chance to go short. MACD is showing bullish divergence though.
Currency is a joke. And that's precisely why I trade it.
  • #108,034
  • Feb 26, 2012 8:37pm Feb 26, 2012 8:37pm
Pinbar,

Could you share with me how you get the BRN's on thre right side of your MT4 charts?

Thanks..
  • #108,035
  • Feb 26, 2012 9:11pm Feb 26, 2012 9:11pm
Euro goes to the trend line, the rebound buy. Pound returned to the previous trend line, if so, then buy on the rebound from 1.58000

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  • #108,036
  • Feb 26, 2012 9:48pm Feb 26, 2012 9:48pm
Quoting Rosco_P
Pinbar,

Could you share with me how you get the BRN's on thre right side of your MT4 charts?

Thanks..

Here is the post.
Including how to set it up.

http://www.forexfactory.com/showthre...66#post4972966
  • #108,037
  • Feb 26, 2012 10:28pm Feb 26, 2012 10:28pm
We could have a nice area for a pullback on EUR/CAD
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  • #108,038
  • Feb 26, 2012 11:35pm Feb 26, 2012 11:35pm
Jarroo

That daily PB bounced right where we thought it may.

In other words, this is critical told us, there was very little room to the FTA.
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  • #108,039
  • Feb 26, 2012 11:44pm Feb 26, 2012 11:44pm
Quoting Gekko78
Here is what my view looks like now on my Macbook Pro. As you can see I am operating Windows along side Mac OS , which is fine and what most others do to. Parallels does pretty much the same thing I just wanted to use the free program first before I purchased Parallels. The free program works fine though so no need to purchase Parallels.
I went through all this a year or so ago and it was a right pain. I hate Parallels and wont use it, in fact i bought a PC to trade on as i found it so annoying. I now just sit in work with 2 laptops open, much easier.

Will always prefer mac for fun/home use tho and if mt4 goes native mac, i'll look at it.
  • #108,040
  • Edited 12:54am Feb 27, 2012 12:29am | Edited 12:54am
Here is an interesting one in real time.
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