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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

  • #111,781
  • May 15, 2012 1:43pm May 15, 2012 1:43pm
Quoting Rust
Hey Quezoy ,
talking about divergence , i think you have to measure the highs in an uptrend . Lows for a downtrend
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Hi Rust,

Just Fyi if you are interested.

Yep, thats hidden divergence. Shows the continuation of a trend. some information can be found on this tread as well as these folks trade only divergence/hidden divergence combined with PA.
http://www.forexfactory.com/showthre...ce#post5651344

Best
-H
  • #111,782
  • May 15, 2012 1:50pm May 15, 2012 1:50pm
Hi,

My first entry in this excellent thread.

I wonder what you experts have to say about the setup that now is building up in gold?

/Micke
  • #111,783
  • May 15, 2012 2:38pm May 15, 2012 2:38pm
Quoting mbqb11
I'm at breakeven now on the usd/cad if anyone is interested, since we are retesting the highs.
I've locked in profit under the BUOB that is forming. At this point if price comes back into the consolidation area it negates the story that I have been forming so I may as well lock in some profit
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  • #111,784
  • May 15, 2012 2:42pm May 15, 2012 2:42pm
Quoting kanonmicke
Hi,

My first entry in this excellent thread.

I wonder what you experts have to say about the setup that now is building up in gold?

/Micke
Hey Micke

Welcome to the thread

Anything in particular you were looking at? I see us near the bottom of the weekly wedge and price is looking like its trying to make a move for the 1500 BRN. Right now I would be in wait mode around this area and see if it holds this week


Best
Mike
  • #111,785
  • May 15, 2012 3:58pm May 15, 2012 3:58pm
Quoting mbqb11
Hey Micke

Welcome to the thread

Anything in particular you were looking at? I see us near the bottom of the weekly wedge and price is looking like its trying to make a move for the 1500 BRN. Right now I would be in wait mode around this area and see if it holds this week


Best
Mike
Hey mike,

Your expert opinion on these touch trades will be greatly appreciated.. These have become my specialty over the last couple of months after watching numerous posts from james..
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  • #111,786
  • May 15, 2012 4:08pm May 15, 2012 4:08pm
Quoting FxEuphoria
Hey mike,

Your expert opinion on these touch trades will be greatly appreciated.. These have become my specialty over the last couple of months after watching numerous posts from james..
Hey Euphoria

Looks like you nailed those entries pretty cool! I don't touch trade as much some here, few times a month. So I tend to be super super picky when I do. They look good to me though, the jpy using the BEOB on a retrace to all those bar lows. That's right up James16 alley and the usd/chf using the previous swing high(bit trickier without PA confirmation but strong move through the high).

Looks good to me, some nice moves you caught there

Mike
  • #111,787
  • May 15, 2012 4:19pm May 15, 2012 4:19pm
Quoting mbqb11
Hey Euphoria

Looks like you nailed those entries pretty cool! I don't touch trade as much some here, few times a month. So I tend to be super super picky when I do. They look good to me though, the jpy using the BEOB on a retrace to all those bar lows. That's right up James16 alley and the usd/chf using the previous swing high(bit trickier without PA confirmation but strong move through the high).

Looks good to me, some nice moves you caught there

Mike
Thanks a lot for the feedback Mike, one has to be very picky with these and look for a number of clues like the bar lows you mentioned and the strong move through the high, trend lines, ppz etc. But these are golden due to risk reward ratios..

Once again thanks for the feedback..

regards,

fx
  • #111,788
  • May 15, 2012 4:30pm May 15, 2012 4:30pm
Quoting Quezoy
According to babypips thats hidden bullish divergence:
http://www.babypips.com/school/diver...eat-sheet.html
Quoting goldfish3
Hi Rust,

Just Fyi if you are interested.

Yep, thats hidden divergence. Shows the continuation of a trend. some information can be found on this tread as well as these folks trade only divergence/hidden divergence combined with PA.
http://www.forexfactory.com/showthre...ce#post5651344

Best
-H
Thanks guys , you are right I admit i have never heard of hidden divergence before

Regards
  • #111,789
  • May 15, 2012 4:55pm May 15, 2012 4:55pm
Quoting Magestic
im sorry. What means preemptive? Pure break?
Hey man ,
I heard the term preemptive from Mike . It means that the break has not occurred yet .
Hope this charts make possible scenarios clearer :

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Regards
  • #111,790
  • May 15, 2012 5:03pm May 15, 2012 5:03pm
Quoting Donkey
Very nice. I had (still have for that matter) a pending order on the pull back to the daily LCS that didn't get triggered. Price went within 10 pips and has dropped like a rock. Keep us in the loop on how you manage the trade.
Hey Donkey man
Of course , i will update if something interesting
I already reduced my stop earlier , above the minor swing high .
I am watching how price moves for now . May go to BE soon ... can't tell when right now

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Regards

p.s. enough posting for today good night
  • #111,791
  • May 15, 2012 11:55pm May 15, 2012 11:55pm
Quoting mbqb11
I've locked in profit under the BUOB that is forming. At this point if price comes back into the consolidation area it negates the story that I have been forming so I may as well lock in some profit
That daily BUOB is a nice "excuse for entry" IMO... pretty easy to spot where to place the S/L.
Many choose unhappiness over uncertainty.
  • #111,792
  • May 16, 2012 1:08am May 16, 2012 1:08am
Quoting Rust
Hey man ,
I heard the term preemptive from Mike . It means that the break has not occurred yet .
Hope this charts make possible scenarios clearer :

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Regards
Everything is clear, Thanks Rust. In that case we had no exact retrace to previous support so I missed that break.
If not up, then down, otherwise sideways :-)
  • #111,793
  • Edited 3:26am May 16, 2012 3:14am | Edited 3:26am
Quoting Magestic
Everything is clear, Thanks Rust. In that case we had no exact retrace to previous support so I missed that break.
A retest is still on the map . Look at the daily . I will be even more happy if we could see a scenario like the 3rd chart i post for you . It will let me to unleash my full position on this setup
  • #111,794
  • May 16, 2012 3:30am May 16, 2012 3:30am
Hi guys, took short this morning on EURGBP H4 after DBHLC formed and moved from resistance. I also checked higher timeframe and saw that yesterday price retested this resistance line, but closed strongly below it (forming something like inverted pinbar), I thought bears got strength (this pretty much supported my idea to take this short). I suppose this was just one of those trades that just donīt work out. Was my analysis correct?
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  • #111,795
  • May 16, 2012 5:14am May 16, 2012 5:14am
Weekly TL bottom
RN 9900
D1 LCS
DIV
H4 PB

Im in!

First stop, just under parity

Best,
-H
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  • #111,796
  • May 16, 2012 5:30am May 16, 2012 5:30am
It does to me Rust ,very nice, I agree , even if wrong


Quoting Rust
One more trade to share . I've been watching this one for a lot of time
Here i am :

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I hope it makes sense

EDIT : that should say Lower highs , on the upper chart , not lower lows .... oops .
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,797
  • May 16, 2012 5:36am May 16, 2012 5:36am
Heres my take
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,798
  • May 16, 2012 6:12am May 16, 2012 6:12am
Hi guys. what do you think about GBPAUD ?
  • #111,799
  • May 16, 2012 6:38am May 16, 2012 6:38am
Quoting goldfish3
Weekly TL bottom
RN 9900
D1 LCS
DIV
H4 PB

Im in!

First stop, just under parity

Best,
-H
Hey Goldfish,

i am also in this one, like the setup
  • #111,800
  • May 16, 2012 6:52am May 16, 2012 6:52am
Quoting utiq
Hi guys. what do you think about GBPAUD ?
Give us the chart - always - we can not know, what you mean exactly. Strong bullish move - i would be looking for long (unless I see a veeeery strong signals short). But for long i want:
1. Break (close above ppz)
2. Some move up
3. Pullback
4. Entry signals on important lvl

Either way for me - this very large ppz - 1.6 to 1.638...and their can be messy (for me i mean)
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