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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

  • #109,681
  • Apr 1, 2012 12:27pm Apr 1, 2012 12:27pm
Quoting aslam
Yes Mbqb.....I have seen your posts. thanks for pointing them again. tying to get some idea from them how to develop a potential BOX.
connect all highs and all lows with a line each...if they line up in a horizontal line you will get a box
Hero calls followed by margin calls...
  • #109,682
  • Apr 1, 2012 12:38pm Apr 1, 2012 12:38pm
Quoting PhAnTi'
connect all highs and all lows with a line each...if they line up in a horizontal line you will get a box
Thanks u very much Phanti. That is the point I was looking for.
  • #109,683
  • Apr 1, 2012 12:44pm Apr 1, 2012 12:44pm
Quoting aslam
Thanks u very much Phanti. That is the point I was looking for.
also scroll through mikes attachement page, he has got a lot of box examples as well in his repetoire

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Hero calls followed by margin calls...
  • #109,684
  • Apr 1, 2012 1:02pm Apr 1, 2012 1:02pm
Hey guys,


I am wondering about this chart, euraud, and something I am doing a lot of research to.

We are approaching a BRN level that is very significant horizontally. We have a nice DBLHC on friday, and my question is do you seniors take these trades, as there is a high chance price will reach 1.3000?

I will note this, just was looking for any insights you guys have.
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  • #109,685
  • Apr 1, 2012 2:05pm Apr 1, 2012 2:05pm
Quoting habeeb
I've also closed all except AU. Gonna let it carry for a while.

Hey Habeeb,

You will be happy to see the monday open then
  • #109,686
  • Apr 1, 2012 3:40pm Apr 1, 2012 3:40pm
Quoting heebbyjeeby
Hey guys,


I am wondering about this chart, euraud, and something I am doing a lot of research to.

We are approaching a BRN level that is very significant horizontally. We have a nice DBLHC on friday, and my question is do you seniors take these trades, as there is a high chance price will reach 1.3000?

I will note this, just was looking for any insights you guys have.
(i'm not a senior but as i've just read this, here's my piece)

I'll be waiting to short it from 1.30 ish

Which implies i think it'll get there. but i'm not too keen to take the PA you mention tbh. it's into a RN, deep into the up move and really where i want to be selling from rather than buying into.

Doesn't mean it wont work, just not my cup of tea.
  • #109,687
  • Apr 1, 2012 3:50pm Apr 1, 2012 3:50pm
wow ... i look at Oanda quotes and it shows 100 gap up in Aussie? 1.4450 or so.
all is eternal - this is good news for people who loves bad news
  • #109,688
  • Apr 1, 2012 4:10pm Apr 1, 2012 4:10pm
Quoting heebbyjeeby
Hey guys,


I am wondering about this chart, euraud, and something I am doing a lot of research to.

We are approaching a BRN level that is very significant horizontally. We have a nice DBLHC on friday, and my question is do you seniors take these trades, as there is a high chance price will reach 1.3000?

I will note this, just was looking for any insights you guys have.
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Hero calls followed by margin calls...
  • #109,689
  • Apr 1, 2012 4:33pm Apr 1, 2012 4:33pm
yes that level on EURAUD has been on my radar for a while now ever since it closed below, price certainly is attracted to that level, big boys will move it up so they can get thier sells filled, and i will join them
  • #109,690
  • Apr 1, 2012 5:47pm Apr 1, 2012 5:47pm
Quoting PhAnTi'
Attachment

Attachment
yep this is a great area to watch. Be we bounce or get above it, should provide resistance or support. Some of my favorite areas are just this simple and clean


Mike
  • #109,691
  • Apr 1, 2012 11:47pm Apr 1, 2012 11:47pm
Q2 has begun happy trading.
Many choose unhappiness over uncertainty.
  • #109,692
  • Apr 1, 2012 11:50pm Apr 1, 2012 11:50pm
Quoting haircut
Hi Guys I took this trade this morning ( on demo )

I marked on the daily chart the HCR level of 1663 which the market closed below yesterday and then I took a touch trade from this level. I have shown the 4 hour chart to show how price has moved in my favour I did not use it for entry in anyway or though there are pin bars bouncing of the level.

I know the trade has gone well for me in my direction but Jarroo or pin bar or anyone else trading like this can I have your thoughts on the levels I have chosen and the positives and negatives of the...
Good eye on this HC . .

I had the 1664.10 as the HCR level your feed looked fine too . .

Once PBT&CA this HCR level we would be looking for this level to act as Support ..bullish PA would be a good confirmation of that. Another confirmation is if the Daily can't close below the 1664.10. . .that would confirm Support too. So that was a good eye or good patience on your part.

Since Price failed as Support . .because Price Closed below this level . .there was a good chance that this level had now flip to Resistance . .which it did . .nice trade . . . .targets in blue . .no surprice that Price bounced . .BAM! . .from the two Lowest Close of Support levels great target and a level to keep your good eye on . .
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Indicators show the past. Price Action "Indicates" the future.
  • #109,693
  • Edited Apr 2, 2012 12:08am Apr 1, 2012 11:53pm | Edited Apr 2, 2012 12:08am
Quoting jarroo
Good eye on this HC . .

I had the 1664.10 as the HCR level your feed looked fine too . .

Once PBT&CA this HCR level we would be looking for this level to act as Support ..bullish PA would be a good confirmation of that. Another confirmation is if the Daily can't close below the 1664.10. . .that would confirm Support too. So that was a good eye or good patience on your part.

Since Price failed as Support . .because Price Closed below this level . .there was a good chance that this level had now flip to Resistance . .which it...
Your level wasn't bad, HC . .but look for these stronger levels with some Space and the move can be more rewarding ..
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Indicators show the past. Price Action "Indicates" the future.
  • #109,694
  • Apr 1, 2012 11:58pm Apr 1, 2012 11:58pm
Quoting jarroo
Good eye on this HC . .

I had the 1664.10 as the HCR level your feed looked fine too . .

Once PBT&CA this HCR level we would be looking for this level to act as Support ..bullish PA would be a good confirmation of that. Another confirmation is if the Daily can't close below the 1664.10. . .that would confirm Support too. So that was a good eye or good patience on your part.

Since Price failed as Support . .because Price Closed below this level . .there was a good chance that this level had now flip to Resistance . .which it...
Let's see where the Daily closes today and see if the 1664.10 level has flipped back to Support . .by not closing below it at day's end. . .
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Indicators show the past. Price Action "Indicates" the future.
  • #109,695
  • Apr 2, 2012 1:11am Apr 2, 2012 1:11am
Quoting Dan Gilbert
Q2 has begun happy trading.
Yup, starting a new chapter of my journal.
Nice week to all!
Follow my trading on Twitter and FB: @pumlitch
  • #109,696
  • Apr 2, 2012 3:37am Apr 2, 2012 3:37am
After I took a half bar loss on that breakout BEOB , I nailed this touch trade right from the support 8.8500 created .
Just 0.05% risk on it , and reward more than half of the loss (if hits TP) .
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  • #109,697
  • Apr 2, 2012 5:16am Apr 2, 2012 5:16am
Quoting Greenhaze
Hey Habeeb,

You will be happy to see the monday open then
Hi Greenhaze,
yup, that was a nice welcome to the new month.
Seeing that it was a gap, I've taken profit on that trade and will re-enter long when the gap closes. My targets are 1.0500, 1.0750 and eventually a re-test of the 1.1000 area. It's a carry trade, so I'll most likely be stopped out at entry.
Keeping it Simple
  • #109,698
  • Apr 2, 2012 7:46am Apr 2, 2012 7:46am
you bet i'll be watching this pair this week


Now to take it a step further. Remember my posts on gbp/usd and "boxing"


Look at this chart, and see if you can see what price did? Pretty cool No? Thanks J16
http://www.forexfactory.com/showthre...09#post5462909

Mike
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  • #109,699
  • Apr 2, 2012 8:07am Apr 2, 2012 8:07am
First trade for Q2
Here I am :

- fading momentum - divergence !
- broken trendline
- DBHLC
- enough information to manage our trade and reduce stop

Wish me a good start for the month
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  • #109,700
  • Edited 8:29am Apr 2, 2012 8:16am | Edited 8:29am
hi Mike,

USDNOK - D1 looks like find the support reversal at 61.% fibo.., 4hr tf Inside PB.....

what is your opinion mike.... BRN 5.6 area....

cheers
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