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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

  • #113,621
  • Jun 24, 2012 5:20pm Jun 24, 2012 5:20pm
Quoting mbqb11
spent a long weekend out of state with friends and family.

Have to catch up on all your posts and PMs


Mike

Lol I was wondering where you were at!!!

It's our last week of Q2, good luck to all!
Many choose unhappiness over uncertainty.
  • #113,622
  • Jun 24, 2012 5:45pm Jun 24, 2012 5:45pm
Quoting sg_1988
Thanks Mike,

It's what I meant but I just call any form of divergence, divergence lol, maybe I wasn't clear I guess. My bad.

Didn't take the NZD/CAD trade in the end, FTA too close for me

Hope everyone has a good trading session

Sanil

Hey sg, where would be your FTA?? Just wondering.
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #113,623
  • Jun 24, 2012 6:00pm Jun 24, 2012 6:00pm
  •  sg_1988
  • | Joined Dec 2011 | Status: Cause I'm P*ssed Off For Greatness | 70 Posts
Quoting rolo1128
Hey sg, where would be your FTA?? Just wondering.
Hi R,

If you refer over to the previous page of the thread I have posted up a chart showing where I believe the FTA is, it seems to me its around the 0.80500 area, I have pointed out what seems to me to be bar high/lows where we could see minor support at that level. Although the trade could work out and reach the 0.80000 area, I would need to move my stop to b/e pretty quickly, I prefer to day trade the daily TF but its just the way I trade I guess.

However I am still a newbie and any posts I make are there to be looked at, and if necessary constructively criticised I have followed this thread for a while now and feel comfortable enough to start contributing a little what I have learnt from these great instructors.

Sanil
  • #113,624
  • Jun 24, 2012 6:10pm Jun 24, 2012 6:10pm
Quoting sg_1988
Hi R,

If you refer over to the previous page of the thread I have posted up a chart showing where I believe the FTA is, it seems to me its around the 0.80500 area, I have pointed out what seems to me to be bar high/lows where we could see minor support at that level. Although the trade could work out and reach the 0.80000 area, I would need to move my stop to b/e pretty quickly, I prefer to day trade the daily TF but its just the way I trade I guess.

However I am still a newbie and any posts I make are there to be looked at, and if necessary...
Opps! Sorry about missing your chart. I see where your looking at now. Thanks for explaining.
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #113,625
  • Jun 24, 2012 6:14pm Jun 24, 2012 6:14pm
  •  sg_1988
  • | Joined Dec 2011 | Status: Cause I'm P*ssed Off For Greatness | 70 Posts
Quoting rolo1128
Opps! Sorry about missing your chart. I see where your looking at now. Thanks for explaining.
Haha that's ok, this thread moves pretty quickly!
  • #113,626
  • Jun 24, 2012 6:37pm Jun 24, 2012 6:37pm
Quoting Chanya
Very Lame Pin Bar forming at a heavily Confluence area ( BEOB at H4 which also just broke ) ... But I doubt It will take us further down then the yellow area .... Will enter when it breaks after close and will move to BE as soon as I can ...
here was my chart on this one


Mike
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  • #113,627
  • Jun 24, 2012 8:43pm Jun 24, 2012 8:43pm
Quoting sonicdeejay
PB...

u r looking for long??

Sonic
No sonic.
I was just commenting on the short from the level Jarroo posted and where it bounced back at the fibo.

I was using the fibo to show that it found support there and could not break below it.
  • #113,628
  • Edited 3:19am Jun 25, 2012 2:51am | Edited 3:19am
This is 4-hour view of the NZD/CAD. The trend line has been broken downward. A BEOB is also confirming the down trend. What is your say?
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  • #113,629
  • Jun 25, 2012 4:24am Jun 25, 2012 4:24am
Quoting C-12
Anyone looking at AUDCAD?
Well this one is progressing nicely. 50% profits taken and stops at BE. Overall a very stress free trade! Cheers guys.
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  • #113,630
  • Jun 25, 2012 4:30am Jun 25, 2012 4:30am
Quoting C-12
Well this one is progressing nicely. 50% profits taken and stops at BE. Overall a very stress free trade! Cheers guys.
Im also in this one.
Looking to add positions ATM.
Thoughts are things
  • #113,631
  • Jun 25, 2012 4:33am Jun 25, 2012 4:33am
Quoting Quezoy
Im also in this one.
Looking to add positions ATM.
Yeah sounds like a plan. Looks a nice weekly pin formed as well. Dropping down to the H4 to see if we get any price action around the 1.03 level to add shorts.
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  • #113,632
  • Jun 25, 2012 4:36am Jun 25, 2012 4:36am
Quoting C-12
Yeah sounds like a plan. Looks a nice weekly pin formed as well. Dropping down to the H4 to see if we get any price action around the 1.03 level to add shorts.
If you drop to H1 you'll see a nice break&pullback to previous support.
Thoughts are things
  • #113,633
  • Jun 25, 2012 4:46am Jun 25, 2012 4:46am
Strong support level on D1. USDJPY
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  • #113,634
  • Jun 25, 2012 4:48am Jun 25, 2012 4:48am
Quoting Quezoy
If you drop to H1 you'll see a nice break&pullback to previous support.
Good spot. Looks like an inside bar formed straight after it. Could be a sharp breakdown later.
  • #113,635
  • Jun 25, 2012 5:01am Jun 25, 2012 5:01am
Quoting Greenhaze
Strong support level on D1. USDJPY
Took a short on friday here.
1/2 just closed for +48, rest at BE. Now I can watch what happens.
Thoughts are things
  • #113,636
  • Jun 25, 2012 5:26am Jun 25, 2012 5:26am
Hey Mike. Would be very happy to see your view of CAD/JPY. I think this is a loss of momentum setup, and its pretty much the same that took place in MAY on USD/CAD u shared with us. What do u think about that one?
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If not up, then down, otherwise sideways :-)
  • #113,637
  • Jun 25, 2012 5:32am Jun 25, 2012 5:32am
Quoting C-12
Well this one is progressing nicely. 50% profits taken and stops at BE. Overall a very stress free trade! Cheers guys.
cool
  • #113,638
  • Jun 25, 2012 5:41am Jun 25, 2012 5:41am
Quoting meshka
I think there should be nice trade from 1.5600 RN on cable. BEOB, not so big 50-70 pips stp, etc.

Looks similar to my EURUSD i posted few days ago.

Quoting Rust
Pitka

Attachment
Attachment

btw i see GBPAUD as a very good breakout too.
I chose the euro, cause it looks heavier.
Little update :
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  • #113,639
  • Jun 25, 2012 7:21am Jun 25, 2012 7:21am
Quoting Greenhaze
Strong support level on D1. USDJPY
Yes, the 79.656 area looks interesting.
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  • #113,640
  • Jun 25, 2012 7:51am Jun 25, 2012 7:51am
Quoting Pinbar
Yes, the 79.656 area looks interesting.
I took long there but on H1 tf. It did not workout and i've closed the position with tiny loss. Its still might work on D1 tf.
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