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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

  • #112,001
  • May 21, 2012 1:24pm May 21, 2012 1:24pm
Quoting mbqb11
looks like the minor pivot/bar highs are holding for now. If I was in this buob and started with my stop under the low I would be moving it up under todays low and reducing half+ risk on the trade. That's one way I love to manage things
Thanks Mike. Just curious. This retrace between 50 and 61.8 fib was not accident. Buyers on a retrace came into play. Am I right?
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If not up, then down, otherwise sideways :-)
  • #112,002
  • May 21, 2012 1:30pm May 21, 2012 1:30pm
Quoting Magestic
Thanks Mike. Just curious. This retrace between 50 and 61.8 fib was not accident. Buyers on a retrace came into play. Am I right?
yes absolutely. This is why a lot of people take retrace entries. Now do we know for sure it will hold? Like everything of course not. But it's a good logical place and we can see on the daily those bar lows and super minor PPZ flip. A good place to look to move stops or take entries on bars. I am always watching these areas when managing my trades as well. Often they give us great places to hide our stops our know when to cut out

Best
Mike
  • #112,003
  • May 21, 2012 2:59pm May 21, 2012 2:59pm
Hi everyone, do you think this weekly pin bar on Silver looks good to trade?

From what I can see, the price over the last 8 months has been moving up and down between those 2 red horizontal lines, it seems the pin bar indicates that its gonna start going up again?
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  • #112,004
  • May 21, 2012 4:25pm May 21, 2012 4:25pm
Quoting Silver-
Hi everyone, do you think this weekly pin bar on Silver looks good to trade?

From what I can see, the price over the last 8 months has been moving up and down between those 2 red horizontal lines, it seems the pin bar indicates that its gonna start going up again?
To me it looks good. A nice size and at the lower end of the range, as you say.
You think about trading the weekly chart or going on the daily?

p.s. What a silent day today, just one page of posts?
Anywayz, after a long time a good day for me. In 2 trades taken half of the table and the other half at BE.
Thoughts are things
  • #112,005
  • May 21, 2012 4:46pm May 21, 2012 4:46pm
Mike
Hello

What's your opinion

ib
e/ cad
1. brn
2. ppz

Sorry for my bad English
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  • #112,006
  • May 21, 2012 4:51pm May 21, 2012 4:51pm
Quoting Yehuda Sh
Mike
Hello

What's your opinion

ib
e/ cad
1. brn
2. ppz

Sorry for my bad English
Hey Yehuda

We are still in a very tight range on eur/cad so that has to play a role. I think a break long takes us to that descending Trendline though

Best
Mike
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  • #112,007
  • May 21, 2012 5:21pm May 21, 2012 5:21pm
Quoting Quezoy
To me it looks good. A nice size and at the lower end of the range, as you say.
You think about trading the weekly chart or going on the daily?
Yeah I think I would trade that weekly chart, the daily isnt showing anything too clear at the moment.
  • #112,008
  • May 22, 2012 1:17am May 22, 2012 1:17am
Mike, not for trading but for educational purposes can we examine this one?
This one I noticed after your usd/cad trade with loss of momentum in price. Of course, its not just as good, but. There is no beautiful round number near (I prefer this interpretation of BRN :-). But Price is moving in a pattern how u like and bounced back to it the second time quickly after leaving it. So is it good to think that now we can expect a move higher and breaking the upper line. Or unless this is a descending wedge this statement is wrong... I'm talking too much, I know u have already understood what i mean. Thanks for your education, Mike.
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If not up, then down, otherwise sideways :-)
  • #112,009
  • May 22, 2012 2:30am May 22, 2012 2:30am
Hello guys, has anyone of you .rar .zip .pdf of jaroo´s charts please ? Or know way how to download them un bulk ? thank you
  • #112,010
  • May 22, 2012 2:42am May 22, 2012 2:42am
Quoting tinkerbelle
Hello guys, has anyone of you .rar .zip .pdf of jaroo´s charts please ? Or know way how to download them un bulk ? thank you
here u go
Attached File(s)
File Type: zip J16; Jarroo; Tiaforex; StoragePro; Ryanmcd; SeekingLight; gjhookyah; Matiasfx.zip   2.0 MB | 1,667 downloads
Thoughts are things
  • #112,011
  • May 22, 2012 3:07am May 22, 2012 3:07am
Quoting Quezoy
here u go
thank you, very appreciate it
  • #112,012
  • May 22, 2012 3:10am May 22, 2012 3:10am
Quote:
Originally Posted by tinkerbelle http://www.forexfactory.com/images/buttons/viewpost.gif
Hello guys, has anyone of you .rar .zip .pdf of jaroo´s charts please ? Or know way how to download them un bulk ? thank you




Quoting Quezoy
here u go
Ohh nice

so I have a same question about Mike's and Jame's charts...

Regards,
fxstarter
  • #112,013
  • May 22, 2012 4:09am May 22, 2012 4:09am
some more
Attached File(s)
File Type: zip J16; p 1 to 2500; james16, mbqb11, raczekfx.zip   1.6 MB | 646 downloads
Thoughts are things
  • #112,014
  • May 22, 2012 5:38am May 22, 2012 5:38am
Quoting Quezoy
some more
excuse me
need password.
Enter Signature
  • #112,015
  • May 22, 2012 5:53am May 22, 2012 5:53am
Quoting Quezoy
some more
some extra more:

check this post:
http://www.forexfactory.com/showthre...42#post3489242

As well as this one, though not in off-line format..http://www.forexfactory.com/showthre...99#post2585699

Always good to go back to the big guys
Slow & steady
  • #112,016
  • May 22, 2012 6:29am May 22, 2012 6:29am
NZD/USD, hit SL....
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  • #112,017
  • May 22, 2012 6:30am May 22, 2012 6:30am
GBP/USD, work nicely...
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  • #112,018
  • Edited 7:32am May 22, 2012 7:05am | Edited 7:32am
Like the look of the monthly and weekly, lower level.
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  • #112,019
  • May 22, 2012 7:09am May 22, 2012 7:09am
gadogado, i thought it was a pin for buy at GBP/USD... well, i need more practice and teaching
  • #112,020
  • May 22, 2012 8:00am May 22, 2012 8:00am
Quoting Magestic
Mike, not for trading but for educational purposes can we examine this one?
This one I noticed after your usd/cad trade with loss of momentum in price. Of course, its not just as good, but. There is no beautiful round number near (I prefer this interpretation of BRN :-). But Price is moving in a pattern how u like and bounced back to it the second time quickly after leaving it. So is it good to think that now we can expect a move higher and breaking the upper line. Or unless this is a descending wedge this statement is wrong... I'm talking too...
Hey Magestic

Yes you are starting to think about things in the right way. This one is starting to show fading momentum, but I would really like to see price try to make one more new low and shoot quickly higher. Then we would want to really see price close back above the box and by that point above the lows around 9300. 9300 is a fantastic pivot so it's not surprising to see price consolidate here. I have had this area on my watch list since march(see chart)

Also I attached an example chart of what I mean. I t's a crude drawing but to give you an idea what would give me more strength of a loss of momentum as well as a strong confluenced area for price to be able to work higher.

Best
Mike
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