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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

  • #111,201
  • May 3, 2012 4:26am May 3, 2012 4:26am
Quoting PhAnTi'


Attachment

pretty the same, aint it ?
Hero calls followed by margin calls...
  • #111,202
  • May 3, 2012 4:43am May 3, 2012 4:43am
Hi All,

Anyone see the Pin on USDJPY @ 80.60. The PPZ is there.

I am not able to find any confluence. Anybody see any kind of confluence?

Price has still not broken down the pin yet.

Sorry can't post chart, I m in office..images are blocked.
  • #111,203
  • May 3, 2012 4:47am May 3, 2012 4:47am
Quoting zamfir
Hi All,

Anyone see the Pin on USDJPY @ 80.60. The PPZ is there.

I am not able to find any confluence. Anybody see any kind of confluence?

Price has still not broken down the pin yet.

Sorry can't post chart, I m in office..images are blocked.
tf ?
Hero calls followed by margin calls...
  • #111,204
  • May 3, 2012 4:56am May 3, 2012 4:56am
Quoting zamfir
Hi All,

Anyone see the Pin on USDJPY @ 80.60. The PPZ is there.

I am not able to find any confluence. Anybody see any kind of confluence?

Price has still not broken down the pin yet.

Sorry can't post chart, I m in office..images are blocked.
You mean yesterdays pin?

Its not at a swing high and at a weekly support level. You were thinking about going short?
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Thoughts are things
  • #111,205
  • May 3, 2012 5:31am May 3, 2012 5:31am
Yes , the Pin on Daily.

I know its not the best of PPZ.

Now here is a good example i want to show , you can see there is a PPZ @ around 80.50 - 80.60 zone.

Can this be considered a good PPZ or a so so PPZ.? and we have Pin @ the PPZ.
  • #111,206
  • May 3, 2012 5:48am May 3, 2012 5:48am
Quoting goldfish3
Since the trend line topic is so hot.

Div,
Uptrend channel, Swing low.
4h Pin, Daily forming
Pin of the BRN 1.03 and Daily HCR
Playing it till the upper trend line ofcourse with proper MM along the way.

Apologies for the messy charts. I confuse myself sometimes with them

Best
-H

Got stopped out. BE trade.
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  • #111,207
  • May 3, 2012 5:58am May 3, 2012 5:58am
Quoting zamfir
Yes , the Pin on Daily.

I know its not the best of PPZ.

Now here is a good example i want to show , you can see there is a PPZ @ around 80.50 - 80.60 zone.

Can this be considered a good PPZ or a so so PPZ.? and we have Pin @ the PPZ.
Trouble is this pin is going right into the 80.00BRN and 50% fib from the most recent low/high. It may break through but that's a big round number to get past. Just my 2 cents
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  • #111,208
  • May 3, 2012 6:28am May 3, 2012 6:28am
Quoting willf
Trouble is this pin is going right into the 80.00BRN and 50% fib from the most recent low/high. It may break through but that's a big round number to get past. Just my 2 cents
Yes, i was thinking along the same lines.

Would a sell limit order under 80 would be good?
  • #111,209
  • May 3, 2012 6:34am May 3, 2012 6:34am
EN at an interesting area.

Thoughts??
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  • #111,210
  • May 3, 2012 6:38am May 3, 2012 6:38am
Quoting zamfir
Yes, i was thinking along the same lines.

Would a sell limit order under 80 would be good?
If I wanted to go short I would wait for a positive close under 80 then a retrace back and look for some price action to confirm a lower move.

My gut feeling is it's going to head back to the trendline before going lower again. But hey I could be wrong
  • #111,211
  • May 3, 2012 6:48am May 3, 2012 6:48am
Quoting willf
If I wanted to go short I would wait for a positive close under 80 then a retrace back and look for some price action to confirm a lower move.

My gut feeling is it's going to head back to the trendline before going lower again. But hey I could be wrong
Hmm good call.

If you look @ dollar index we have PPZ @ 79.50 and if we get a bearish PA and i think we have a good chance USDJPY will go well below 80.00

Let's wait and watch...
  • #111,212
  • May 3, 2012 7:22am May 3, 2012 7:22am
Quoting willf
If I wanted to go short I would wait for a positive close under 80 then a retrace back and look for some price action to confirm a lower move.

My gut feeling is it's going to head back to the trendline before going lower again. But hey I could be wrong
I also dont think it will go lower for now.
Thoughts are things
  • #111,213
  • May 3, 2012 8:03am May 3, 2012 8:03am
Pinocchio has been lying a lot about this one... Talk about a loooong pin bar.
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  • #111,214
  • May 3, 2012 8:08am May 3, 2012 8:08am
Quoting Rust
Hey Mike ,
tell me if i am wrong but this looks as a "Mike's textbook scenario"

Winding up , straddling the BRN Perfect information for entering and managing !
Hellyeah

Attachment

Never traded this pair before , may be a time to deflower it Spread is crazy good !
yep this is textbook. This will mimic usd/chf but when you can place a BRN and give yourself more information like that, it's awesome. Look how many times that midpoint is a PPZ, it will blow you away


Best
Mike
  • #111,215
  • May 3, 2012 8:20am May 3, 2012 8:20am
Quoting mbqb11
yep this is textbook. This will mimic usd/chf but when you can place a BRN and give yourself more information like that, it's awesome. Look how many times that midpoint is a PPZ, it will blow you away


Best
Mike
Super
  • #111,216
  • May 3, 2012 8:55am May 3, 2012 8:55am
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Hero calls followed by margin calls...
  • #111,217
  • May 3, 2012 9:00am May 3, 2012 9:00am
Quoting PhAnTi'
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I am entered because of almost 100 pip pin on my feed. well... if news will not spoil everything it should go north I am little late but let it be so...
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all is eternal - this is good news for people who loves bad news
  • #111,218
  • May 3, 2012 9:12am May 3, 2012 9:12am
Quoting PhAnTi'
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Showing a pin on fxpro
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Seek not to change the world; seek only to change your mind about the world
  • #111,219
  • May 3, 2012 9:17am May 3, 2012 9:17am
Quoting gez40
Showing a pin on fxpro
i love h4 time frame....everybody does have different data ^^
Hero calls followed by margin calls...
  • #111,220
  • May 3, 2012 9:30am May 3, 2012 9:30am
Quoting PhAnTi'
i love h4 time frame....everybody does have different data ^^
The pin shows on US day end brokers. The BUOB is showing on UK day end brokers.

I think it was news spike that caused the pin (Bad US data). And the train has already left for the 1.3 BRN. If the close is above that then theres somehting to think about.....
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