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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

  • #108,781
  • Mar 14, 2012 6:35am Mar 14, 2012 6:35am
Mr Wonka explains what happens when you start out trading and jump into lower TF trading using bollinger and all that stuff.

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  • #108,782
  • Mar 14, 2012 6:44am Mar 14, 2012 6:44am
Morning.

I have my eye on EUR/USD. Testing the 50 fib. Looking for today to close as a pinbar and a break above tomorrow will see me enter long.
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  • #108,783
  • Mar 14, 2012 6:56am Mar 14, 2012 6:56am
Quoting Brixton
Morning.

I have my eye on EUR/USD. Testing the 50 fib. Looking for today to close as a pinbar and a break above tomorrow will see me enter long.
Lots of trouble spots up, i prefer break of neckline and down down down. Not invalid at all though providing FTA's (previous bar lows) are taken into account. Tiny tail.
  • #108,784
  • Mar 14, 2012 7:20am Mar 14, 2012 7:20am
What do you think? Nice pin and bounce from resistance on H4, but looks like testing support on weekly. As far as my thinking goes, go short with small stop, and see how support plays out. Am I being too agressive here?

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  • #108,785
  • Mar 14, 2012 7:27am Mar 14, 2012 7:27am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting Brixton
Morning.

I have my eye on EUR/USD. Testing the 50 fib. Looking for today to close as a pinbar and a break above tomorrow will see me enter long.
Whoa!! I could spot a pinbar on that neckline... what a beaut!
I have seen the enemy, and it is me.
  • #108,786
  • Mar 14, 2012 7:55am Mar 14, 2012 7:55am
Quoting Jey
Whoa!! I could spot a pinbar on that neckline... what a beaut!
Lets not forget that we have a downtrend, a BEOUB from yesterday, an H&S pattern all pointing south. Add to that the pin needs a lot longer tail, would be best closing bullish and is currently not really a pin, we have a long way to go before we go long.
  • #108,787
  • Mar 14, 2012 8:11am Mar 14, 2012 8:11am
Quoting Rust
Interested if 1.0400 acts as resistance and give me some nice PA for short play

EDIT update : and it did ! pinbar shape inside bar double low wow what a combination hahaha
Running nice so far
  • #108,788
  • Mar 14, 2012 8:19am Mar 14, 2012 8:19am
Quoting mrv
What do you think? Nice pin and bounce from resistance on H4, but looks like testing support on weekly. As far as my thinking goes, go short with small stop, and see how support plays out. Am I being too agressive here?

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H8 may print a southerly (continuation) pin which could be quite nice looking.... as you've mentioned, there are areas to watch and if its the H&S playing out (Euro showing them on quite a few pairs now) you could get a nice trade here. If the H&S is playing out then we are already into it a short way but projection is around 300 pips from neck, making around 1.26.

All theory and speculation of course.
  • #108,789
  • Mar 14, 2012 8:27am Mar 14, 2012 8:27am
Quoting james16
CHART
In terms of this trade, was the justification for entry the fact that PBT & CA an obvious pivot and RN and then a touch trade played on the return to that level. The steeper trendline would not have existed at this point for further confirmation (if it had existed then I would have been all in). Obviously the few bars after provided confirmation that this level was going to act as support so maybe this would justify taking the TT of that level. The safer approach would be to wait for PA on the retest.
  • #108,790
  • Mar 14, 2012 8:47am Mar 14, 2012 8:47am
Quoting james16
CHART
hi james,

where do you get your pivots from ?

regards,
Jonas
Hero calls followed by margin calls...
  • #108,791
  • Mar 14, 2012 9:07am Mar 14, 2012 9:07am
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Hero calls followed by margin calls...
  • #108,792
  • Mar 14, 2012 9:13am Mar 14, 2012 9:13am
Quoting Rust
Running nice so far
Final update ..... beautiful doesn't get easier than that
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  • #108,793
  • Mar 14, 2012 9:38am Mar 14, 2012 9:38am
Quoting mrv
What do you think? Nice pin and bounce from resistance on H4, but looks like testing support on weekly. As far as my thinking goes, go short with small stop, and see how support plays out. Am I being too agressive here?

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H8 closed nicely. I have 2 demand zones just under 1.29 marked (by an indi coz i'm lazy) so watching how price behaves under 1.29 is key. I'd get involved with this one if 1.29 will hold as resistance.
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  • #108,794
  • Mar 14, 2012 9:43am Mar 14, 2012 9:43am
Quoting dan89
Update:

Could take a few days for something to set up still

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other pairs im keeping an eye on. looking for breaks and pullbacks (+pa and some confluence may be)

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another pair im keeping an eye on. Would like to see a pullback to the trendline and xx50 level with some kind of PA for a short. Will wait and see ...

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  • #108,795
  • Mar 14, 2012 9:58am Mar 14, 2012 9:58am
hmmmh...

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Hero calls followed by margin calls...
  • #108,796
  • Mar 14, 2012 10:39am Mar 14, 2012 10:39am
Quoting Jey
Thanks Q, but not this one. I have seen one where there are lists of PA in 3 different columns i.e Weekly, Daily and 4H where the PA is listed out in text format, not in chart form. The whole list is in text format. I just couldn't find it now.
Maybe this one?
http://www.forexfactory.com/showthre...02#post3953502
  • #108,797
  • Mar 14, 2012 10:49am Mar 14, 2012 10:49am
Quoting Donkey
Happy to....been out of pocket a few weeks.

I normally trade combination bars, but I sold the USDCAD yesterday 8H yesterday....couldn't help it with the strong close and parity there.

2% to the account in 12 hours . Thanks to mike, jarroo and J16. Trade progression below (moved stop slightly right after entry).
2 % with 60 pips ? whoo whats your MM line ?
Hero calls followed by margin calls...
  • #108,798
  • Mar 14, 2012 11:01am Mar 14, 2012 11:01am
Quoting beebolbod
Playing out wonderfully today. I love gold at the moment.
2 short trades from 1700. 1st one closed out for full profit when short reached demand zone at 1682.xx. 2nd one on retest of 1700 short still open with SL@BE. Might hold this one....
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Whoop de doo.... biggest ever trade for me... 500 pips+ so far. SL at 400p. closed out some, left a little on the table.

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  • #108,799
  • Mar 14, 2012 11:53am Mar 14, 2012 11:53am
Quoting Rust
Final update ..... beautiful doesn't get easier than that
very cool rust, nice and simple I like it


Mike
  • #108,800
  • Mar 14, 2012 11:53am Mar 14, 2012 11:53am
Quoting beebolbod
Whoop de doo.... biggest ever trade for me... 500 pips+ so far. SL at 400p. closed out some, left a little on the table.

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sweet dude
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