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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

  • #108,941
  • Mar 18, 2012 1:14pm Mar 18, 2012 1:14pm
again other opinions / views are likely seen...

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Hero calls followed by margin calls...
  • #108,942
  • Mar 18, 2012 1:28pm Mar 18, 2012 1:28pm
~Very small pb granted, but you guys should know by now i like my box plays, and the location at the top of this box is good for me 150ema too
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  • #108,943
  • Mar 18, 2012 1:40pm Mar 18, 2012 1:40pm
Quoting PhAnTi'
again other opinions / views are likely seen...

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Hero calls followed by margin calls...
  • #108,944
  • Mar 18, 2012 2:05pm Mar 18, 2012 2:05pm
more stuff..

comments likely seen.... off for some tv relaxing

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Hero calls followed by margin calls...
  • #108,945
  • Mar 18, 2012 3:55pm Mar 18, 2012 3:55pm
Quoting PhAnTi'
thanks for your reply Ify,

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and what would your line be here ?

regards,
Jonas
Hi Jonas

at a glance, here's the chart

Watch your correlations for this one

Best

If
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  • #108,946
  • Mar 18, 2012 4:00pm Mar 18, 2012 4:00pm
Quoting Ifmyante
Hi Jonas

at a glance, here's the chart

Watch your correlations for this one

Best

If
thanks you for the chart,

very helpful.

regards,
Jonas
Hero calls followed by margin calls...
  • #108,947
  • Mar 18, 2012 4:46pm Mar 18, 2012 4:46pm
Quoting beebolbod
Wow. someone spilt confluence all over this pair.
Good 2 Day pinbar here off a decent level. 4H TF can give us a range of entry options if we want to get in on this. My preference is to wait for retrace to .81 and get a very cheap long entry if it plays out as i command.
Reasons to go long....
1. 2 day pinbar at pivot zone. Bullish intention.
2. C&B formation on 4H with 365EMA & 38.2 fib as pantline (entry at .81 gives this as 1st major FTA in my view). Could/(should?) play break of line which is break of pin.
3. Weekly bullish pin forming.

I...
Took off without me.... order not triggered. Thought it might come back and give the weekly pin... oh well.... nothing ventured etc.
  • #108,948
  • Mar 18, 2012 5:02pm Mar 18, 2012 5:02pm
Quoting beebolbod
Another 2 day pin from good level. Might get in on this. BRN as target. Maybe. 365EMA is choke point right now. Break of that is break of bars which is potential signal. It's trading into traffic and 150EMA is not far below so this is high-ish risk. Dunno. Bit mixed on this one (which means i stay out until i find enough reasons to get in).... anyone else want to comment?

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I took this short for quick theft - before the market noticed what i'd done i was out for 30+ pips. Nothing major. But this broke hard past 365EMA so i entered and set small SL which i babysat to BE within minutes, watched it drop a little and left before weekend close.

All the 2 day pins worked as anticipated last week. Maybe not runners (that remains to be seen) but all would have given a little. Many were not A+ setups by my standards but we can see that they are indicators of price direction at least in the short term.
  • #108,949
  • Mar 18, 2012 5:13pm Mar 18, 2012 5:13pm
Nice looking PB on the AUDCAD. Can't quite find a clear story on this one, I won't be surprised if it hit's 1.061's before a move to the downside. Currently at 1.0500 RN so something to keep an eye on me thinks.
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  • #108,950
  • Mar 18, 2012 5:38pm Mar 18, 2012 5:38pm
yeah, i got the headache on this UCA...
bit . ly/fantestimonials
  • #108,951
  • Mar 18, 2012 7:24pm Mar 18, 2012 7:24pm
Quoting deankenny21
~Very small pb granted, but you guys should know by now i like my box plays, and the location at the top of this box is good for me 150ema too
Plenty of confluence here- clear box, top of box, 150 ema, 1.94 ppz and pa (although small to confirm). 61.8 fib from high in June 2010 is tucked in behind 1.95 brn. Where would u place your sl on this?

In terms of targets, recent bar lows around 9120 are about 100 pips away, these line up with 50 fib retracement from above. Would this be a target or would you be targeting 1.9000 bottom of box?

Many thanks
Millions
  • #108,952
  • Mar 18, 2012 7:28pm Mar 18, 2012 7:28pm
Started seriously reading this thread back in late January this year from post #1, just passed #5000 today, man a lot of reading! Even though I trade a different style than most here, I have applied the info here to improve my trading system dramatically, especially the trade and money management. Thanks for all the great info here...now I gotta get back to reading......
  • #108,953
  • Mar 18, 2012 7:57pm Mar 18, 2012 7:57pm
Quoting geniusztc
why waiting for the 50% fib level ?in my eyes,the 91.40 level is more important than the fib line. we can just see if it will break the S@R level,then choose to open orders . NOW it is the good time to make a decision.

just my opinion.
Because of the weekly PB off off both the 150 & 365 EMAs, combined with the fact that all the Yen pairs are bullish.
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  • #108,954
  • Mar 18, 2012 8:26pm Mar 18, 2012 8:26pm
Quoting Salestrainer
Started seriously reading this thread back in late January this year from post #1, just passed #5000 today, man a lot of reading! Even though I trade a different style than most here, I have applied the info here to improve my trading system dramatically, especially the trade and money management. Thanks for all the great info here...now I gotta get back to reading......
awesome! And quite a task!




Mike
  • #108,955
  • Mar 18, 2012 9:41pm Mar 18, 2012 9:41pm
Quoting 5.25
Hi there

I'm neither Mike or Jarroo but happy to chip in.

I would leave your trades to the seniors, only I will say that your feed maybe hindering you.

I've attached a chart based on your EURUSD 4h example and how different your trade plan could have been if using a NYC close:

- White chart, NYC close
- Black chart (yours) not NYC close
- The levels in red are what I currently have on my chart and are not drawn in hindsight. If you are using the close of a bar on a different feed, they will be in different locations.
- Highlighted...
Hello 5

Just my opinion/experience on this

You can use different closes (other than NY) looking for reasons to enter on a trade with a strong story/pattern behind.

Learned the hard way this on the last eur usd trade i posted here. I was buying on a counter trend trade, no story, just some poor signs showing a retrace, on a heavy traded zone, with all the technical-fundamentals showing down.

Just my 2 cents on this 1

Best regards

Hector
  • #108,956
  • Mar 18, 2012 10:05pm Mar 18, 2012 10:05pm
Hi all,
Noted a few wkly bullish PB setups:
AUDUSD
EURUSD
AUDCAD
NZDCAD

Some have better quality setup than others. Not able to post attachment now. Anyone looking at these pls comment. Thks!
  • #108,957
  • Mar 18, 2012 11:56pm Mar 18, 2012 11:56pm
Quoting Fx7877
Hi all,
Noted a few wkly bullish PB setups:
AUDUSD
EURUSD
AUDCAD
NZDCAD

Some have better quality setup than others. Not able to post attachment now. Anyone looking at these pls comment. Thks!
I like the NZD/CAD.

1.) Trend is up
2.) Bar size and location is good.
3.)In my feed(FxPro) it breached the 0.8000BRN and retraced violently closing strongly(10pips btw high & close) for a weekly bar.

I like to trade retracements of bars like this. So I'll be drilling down to the lower TFs at supply points to look for PA....my 2 cents

Cheers
Ralph
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SNR with Price Action...
BitCrossNG Return Today: na
  • #108,958
  • Mar 19, 2012 1:39am Mar 19, 2012 1:39am
Quoting 5.25
Nice looking PB on the AUDCAD. Can't quite find a clear story on this one, I won't be surprised if it hit's 1.061's before a move to the downside. Currently at 1.0500 RN so something to keep an eye on me thinks.
5.25,

That is a nice weekly pin, but I'm seeing some strong resistance too. It seems like the 1.0500-1.0550 zone should have held as support when price dropped back to it, but after a few days it broke down strongly.

I'm watching this level now to see if it can break back through or get rejected. Either way, it may offer a good trade.

Dave
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  • #108,959
  • Mar 19, 2012 3:16am Mar 19, 2012 3:16am
Quoting PistolDave
5.25,

That is a nice weekly pin, but I'm seeing some strong resistance too. It seems like the 1.0500-1.0550 zone should have held as support when price dropped back to it, but after a few days it broke down strongly.

I'm watching this level now to see if it can break back through or get rejected. Either way, it may offer a good trade.

Dave
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Thanks for the reply Dave.

1.0520 def looks like a key level. Interesting goings on the 1H, possibly a FTB trade to gain a better entry position on the weekly pin or for a short term bounce.
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  • #108,960
  • Mar 19, 2012 3:41am Mar 19, 2012 3:41am
Quoting 5.25
Nice looking PB on the AUDCAD. Can't quite find a clear story on this one, I won't be surprised if it hit's 1.061's before a move to the downside. Currently at 1.0500 RN so something to keep an eye on me thinks.
Hey man ,
this is on my radar also . But what i want to see is a breakout of this trendline , involving a role for 1.0500 RN See how much divergence is out there on weekly chart .

Regards
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