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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

  • #111,661
  • May 11, 2012 9:01am May 11, 2012 9:01am
Quoting mbqb11
sorry guys, this is a bit more advanced so I won't go crazy into details here

It was playing the fading momentum(divergence) and massive box from the parity to 9900 level. Once price false broke to the downside couple with all the other false breaks we were seeing around/Price at a tipping point like the euro was at the top of the wedge. Then once price strongly pushed through the 9900 box it was a pretty safe bet to at least the highs we are at now(and this is a good sign we need to breakout long too so a lot of potential). The entry was not...
Oh man , i have worked on this kind of play of a half-circle round thing touch trade , too! I can say that you caught it pretty early ! I didn't even notice it shaping like the thingy

Thanks for the clarification ! Many pips for you !
  • #111,662
  • May 11, 2012 9:04am May 11, 2012 9:04am
Quoting Rust
CAD is exploding This BEOB is engulfing the WHOLE box ! If this isn't strong PA ....
And I am in the game !
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nice catch Rust crazy movements on CAD
  • #111,663
  • May 11, 2012 9:07am May 11, 2012 9:07am
Quoting bullzeye
EUR/GBP

nice reaction around the BRN 0.8000 with a nice pinbar...maybe beginning a break of a strong down trend

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EUR/GBP

the 0.8000 is seems hard to break. I am in for a few pips

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  • #111,664
  • May 11, 2012 9:12am May 11, 2012 9:12am
Quoting Rust
Oh man , i have worked on this kind of play of a half-circle round thing touch trade , too! I can say that you caught it pretty early ! I didn't even notice it shaping like the thingy

Thanks for the clarification ! Many pips for you !
yes I don't touch trade much(maybe a few times a month) but it's often involved in a play like this

I caught a huge huge runner on gbp/aud in early march that I held for a huge move(not all the way where we are now although I wish!).

Again it's always about the story, PA is our trigger no matter how we use it(bars/touch trades etc)

Mike
  • #111,665
  • May 11, 2012 9:13am May 11, 2012 9:13am
Quoting bullzeye
EUR/GBP

the 0.8000 is seems hard to break. I am in for a few pips

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  • #111,666
  • May 11, 2012 9:18am May 11, 2012 9:18am
Mike

Hello

Do you know your u/c repair long?
  • #111,667
  • May 11, 2012 9:33am May 11, 2012 9:33am
Took this one. Pivot level and BRN 1.29. Strong level. Hanging man on the daily, not J16 PA but still PA. I suppose could be looked at as IPB? MACD Div on H4. Multiple IB's on H1, took the break short at the retrace to D1 HCR. Half position closed on FTA. SL to BE..

-H

edit: 1.5r to 1risk with half position still open ( 0risk)
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  • #111,668
  • May 11, 2012 9:42am May 11, 2012 9:42am
Quoting bullzeye
nice catch Rust crazy movements on CAD
Hey bullzeye ,
this is just the hors d'oeuvre The real gem i am watching is EURCAD daily .
If this push happens to be the breakout through 1.2900 , there i will plunge

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  • #111,669
  • May 11, 2012 10:33am May 11, 2012 10:33am
Thanks Jim ,really big complimant coming from you ,also nice to know we were looking at the same ,


Quoting jarroo
Yes, the trendline was nice . .but I was looking at the 1.3028 as Resistance not the 1.3018. .Nice charts Tony . . . (charts)
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,670
  • May 11, 2012 10:35am May 11, 2012 10:35am
I looked at big RN pivot and tl (W1 already bearish on that )
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,671
  • May 11, 2012 10:46am May 11, 2012 10:46am
Hi,

On the USD/JPY weekly barchart :

- could well be a bullish pinbar
- at a swing low
- near VBRN 80.00

Have a nice weekend everyone.
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  • #111,672
  • May 11, 2012 11:22am May 11, 2012 11:22am
Quoting ts63
Hi,

On the USD/JPY weekly barchart :

- could well be a bullish pinbar
- at a swing low
- near VBRN 80.00

Have a nice weekend everyone.
Hey, I do consider myself very new at this, but would like to share my thoughts. The cad/jpy pinbar looks a bit better, but I am not convinced of the sizes
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  • #111,673
  • May 11, 2012 11:23am May 11, 2012 11:23am
Quoting ts63
Hi,

On the USD/JPY weekly barchart :

- could well be a bullish pinbar
- at a swing low
- near VBRN 80.00

Have a nice weekend everyone.
- could well be a bullish pinbar
NO! we need a loooong nose to have a good setup. this is at least an indecision bar. hth
meine augen sind die sterne
  • #111,674
  • May 11, 2012 11:29am May 11, 2012 11:29am
Quoting ts63
Hi,

On the USD/JPY weekly barchart :

- could well be a bullish pinbar
- at a swing low
- near VBRN 80.00

Have a nice weekend everyone.
Hey TS ,
If it looked like this , it would be a good pinbar . That one on your chart is something you should completely ignore ! It's so small , that it shows absolutely nothing . Look to a pinbar or outside bar as a reaction . As something happened . It has to be significant . Ask yourself "does the bar on your chart look like anythings has changed ?" .... no ....
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  • #111,675
  • May 11, 2012 11:43am May 11, 2012 11:43am
Possible setup for next week ?

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  • #111,676
  • May 11, 2012 4:04pm May 11, 2012 4:04pm
GBP/CAD

Weekly pin (not a bearish one ) and BEOB on daily

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  • #111,677
  • May 11, 2012 4:13pm May 11, 2012 4:13pm
GBP/CHF

Would you take this BEOB?

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  • #111,678
  • Edited 5:09pm May 11, 2012 4:55pm | Edited 5:09pm
Well without going outside the theme of thread ,the location here is very important ,so one should watch closely I feel

It is a very sensitive area also long term tl has been taken these things could take time to resolve ,




Quoting Rust
Hey TS ,
If it looked like this , it would be a good pinbar . That one on your chart is something you should completely ignore ! It's so small , that it shows absolutely nothing . Look to a pinbar or outside bar as a reaction . As something happened . It has to be significant . Ask yourself "does the bar on your chart look like anythings has changed ?" .... no ....
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,679
  • May 11, 2012 6:21pm May 11, 2012 6:21pm
Quoting bullzeye
GBP/CHF

Would you take this BEOB?

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BEOB at swing high bouncing off BRN @1.5000 indicating that price may reserve and fill GAP.

I will personally sit this one out and just watch and learn.

bud_fox
  • #111,680
  • May 11, 2012 8:59pm May 11, 2012 8:59pm
Quoting me_nabeel1
I hope a lot of you guys have / are enjoying this ride ! .Ghous, although I have played a simple resistance retest failure ,entry on a pull back with fib ret as a confirmation, but I think it is also validating your HCR, and HHR principle , is it ?
Hey Nabeel bhai,

I agree it was a valid trade even when looked at as a fake out trade. I passed on it though because of the immense traffic (multiple major former HCR levels) and the big round parity level of 1.000 underneath. It was almost given that this was not going to be a smooth ride, and realizing the crazy choppy mess we're in these days I really didn't want to take up all the stress of managing such a tough trade...there are always easier ones around.

Despite all the choppiness it pays to understand that price still finds a way to be "normal" and react nicely to our former HCR levels, right Jarroo?

g.
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I believe . . .
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