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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

  • #111,841
  • May 17, 2012 2:43am May 17, 2012 2:43am
pullback ?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,842
  • May 17, 2012 3:59am May 17, 2012 3:59am
Quoting Rust
...i will update if something interesting

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Breakeven for this one . I'll be happy to see a new retest of the base area and a decent rejection Pinbar on daily would be great .
  • #111,843
  • May 17, 2012 4:06am May 17, 2012 4:06am
Quoting bud_fox
Definitely interesting set up.

Triple Top with strong PPZ @ 0.9350-0.9400 and divergence. Also 50% Fib retracement from major swing high from February 2006. FTA is critical as heading straight into traffic.

FTA too close for me so I'll just sit this one out and watch and learn.

bud_fox
Just to note that something is not quite right or someone is lagging.

EUR is in fixed relation to CHF, so CADCHF and EURCAD should act pretty synchronized way - but just the opposite. So when EURCAD has broken the box down, the question is when CADCHF will do the same or will EURCAD close back inside the box.

Remember to make your trade decisions based on PA and based on what you see on your charts.
  • #111,844
  • May 17, 2012 4:09am May 17, 2012 4:09am
I have added to my position here
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,845
  • May 17, 2012 4:52am May 17, 2012 4:52am
Quoting rami_8
Just to note that something is not quite right or someone is lagging.

EUR is in fixed relation to CHF, so CADCHF and EURCAD should act pretty synchronized way - but just the opposite. So when EURCAD has broken the box down, the question is when CADCHF will do the same or will EURCAD close back inside the box.

Remember to make your trade decisions based on PA and based on what you see on your charts.
Hi Rami_8,

Thank you for your comments but you have lost me?

My observations are based on what I see on the chart.

Triple top with divergence. Strong PPZ and Fib retracement with a 2 day pinbar.

Regards
bud_fox
  • #111,846
  • May 17, 2012 6:06am May 17, 2012 6:06am
Quoting bud_fox
Hi Rami_8,

Thank you for your comments but you have lost me?

My observations are based on what I see on the chart.

Triple top with divergence. Strong PPZ and Fib retracement with a 2 day pinbar.

Regards
bud_fox
Hi Bud

I was a bit unclear. The latest comment of mine was not to you, but more to minimize the note that I made earlier. So although CADCHF might do the same thing as EURCAD, it is always best to do what chart tell us- which is just what you have done. Or if we let the expectation influence us it is best to wait for PA to confirm it.

Hopefully I did better now and you understood me.
  • #111,847
  • May 17, 2012 6:31am May 17, 2012 6:31am
Potential ?


Quoting Bones
I have added to my position here
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,848
  • May 17, 2012 7:42am May 17, 2012 7:42am
Quoting mbqb11
price rejected the bars highs and shot back up.

Gone ahead locked in more profit. We could see a stronger pullback now to those bar highs over the coming days where I could simply look for another entry off the BRN and bar highs, better to begin to lock in

Mike
locked in profit under the current low
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  • #111,849
  • May 17, 2012 7:43am May 17, 2012 7:43am
Quoting equivestor12
I don't see any confluence here Mike. Is this valid because it broke above the BRN when it triggered the pin?
Hey Equi

I agree with you such a tiny bar, I don't even blink twice on these. You could still trade it looking for 80 to hold(which it did on a break). But these scare me for traders learning this material. We want to look for those pitbull pinbars as James says

Best
Mike
  • #111,850
  • May 17, 2012 7:55am May 17, 2012 7:55am
Quoting Bones
I have added to my position here
I am in this too now..

I have opened a position in AJ.
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  • #111,851
  • May 17, 2012 8:11am May 17, 2012 8:11am
Quoting aserbfx
tribute to jarroo with his lcs/hcr-stuff....
to the pip... so far. waiting for a pbt&cb...
done
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meine augen sind die sterne
  • #111,852
  • May 17, 2012 8:31am May 17, 2012 8:31am
Quoting mbqb11
price has lost that momentum as we were speaking about and formed a new more clean pattern
http://www.forexfactory.com/showthre...97#post5665097

Now I am watching as we are outside the funneling pattern and around the BRN. Perfect area to watch

gbp/chf is the same right now
updated chart

former pattern and BRN held
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  • #111,853
  • May 17, 2012 8:35am May 17, 2012 8:35am
Cool careful of Jpy =strong

also watch weekly Aud ,been weak

I havnt looked at this chart

Eur holding up unfortunatly ,I have moved generally to Gbp short


Quoting goldfish3
I am in this too now..

I have opened a position in AJ.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,854
  • May 17, 2012 8:37am May 17, 2012 8:37am
Now change is clearer Jim ?



Quoting Bones
change in market ?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,855
  • May 17, 2012 8:38am May 17, 2012 8:38am
Yes yes ,


Quoting Bones
Cable = down without doubt to support ,tl
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,856
  • May 17, 2012 8:48am May 17, 2012 8:48am
Back in zone its time to wait ,but bullish ,I think so


Quoting Bones
Carefull of monthly ?

I feel bullish tl has been taken but early days
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,857
  • May 17, 2012 9:32am May 17, 2012 9:32am
Hi Mike , I have seen almost all your charts and not any anyone of them I saw you have MA's applied ....... You don't prefer MA's as a confluence >>>???
Human
  • #111,858
  • May 17, 2012 9:34am May 17, 2012 9:34am
Quoting Chanya
Hi Mike , I have seen almost all your charts and not any anyone of them I saw you have MA's applied ....... You don't prefer MA's as a confluence >>>???
Hey C

I don't use them anymore. After awhile you will just know where they are anyway. Just like fibs. i don't need to put the fib up to know where it is. Nothing wrong with using them I think they are a great way to begin to hone in and look for confluence as James shows us all

Best
Mike
  • #111,859
  • May 17, 2012 9:45am May 17, 2012 9:45am
Missed opportunity. I am starting to track these blunders very closely!
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Many choose unhappiness over uncertainty.
  • #111,860
  • May 17, 2012 10:36am May 17, 2012 10:36am
this one made my day

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