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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

  • #113,821
  • Jun 29, 2012 7:09am Jun 29, 2012 7:09am
EURSGD DBL Bottom pattern + BUOB retrace entry.

Lets see if this thing wants to go higher.

Plan your trade , trade your plan
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  • #113,822
  • Edited 8:10am Jun 29, 2012 7:47am | Edited 8:10am
Quoting Greenhaze
EURSGD DBL Bottom pattern + BUOB retrace entry.

Lets see if this thing wants to go higher.

Plan your trade , trade your plan
DAMN! That was fast... about half an hour later my 1st target have been reached. I L O V E this stuff

No need to expect much more today = ALL OUT. Have a great weekend guys!
Attached Image
  • #113,823
  • Jun 29, 2012 8:26am Jun 29, 2012 8:26am
Quoting sg_1988
Hi,

Took this trade after 3 bar lows lined up on the 25ema and the 3rd bar closed higher through resistance (TBLHC) @ 1.03000, looked to take the retrace at that level hoping resistance would turn support...maybe the 3 bar lows will hold? I wasn't going to wait to find out due to the manner in which price fell, got out for 1.9% loss

Critical views on the trade are welcome

Kind Regards
Sanil
It droped because of Eurozone news.
This aside, I still would not have taken this long, there is resistance pretty close by, if you look to the left.
Thoughts are things
  • #113,824
  • Jun 29, 2012 8:27am Jun 29, 2012 8:27am
Quoting mbqb11
another Chart, where I will be watching
updated chart
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  • #113,825
  • Edited 9:17am Jun 29, 2012 8:38am | Edited 9:17am
Got out of EUR USD after trailing the stops behind the blue zone With 130 pip green ... This huge daily bullish bar up was totally predictable as I told few days back that price also broke through and closed below a weekly LCS , its retest was due ... Entered short again here at the retest of that weekly level with very tight stops ... Lets see ...
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Human
  • #113,826
  • Jun 29, 2012 9:35am Jun 29, 2012 9:35am
Quoting Greenhaze
DAMN! That was fast... about half an hour later my 1st target have been reached. I L O V E this stuff

No need to expect much more today = ALL OUT. Have a great weekend guys!
Great! I'M watching this too, but u got in the first vagon . I'm especially interested in 1.6150 area
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If not up, then down, otherwise sideways :-)
  • #113,827
  • Jun 29, 2012 9:36am Jun 29, 2012 9:36am
Quoting mbqb11
updated chart
Thanks for sharing this one.
If not up, then down, otherwise sideways :-)
  • #113,828
  • Jun 29, 2012 9:44am Jun 29, 2012 9:44am
Entered this a few days ago. Still new here. 1.03 looked great for a PPZ/support. BUOB also with 150ema and 23 fib. FTA was 1.04. Stop currently at BE.

I know this trade is working out but the question I have is, am i looking at the right locations? and with enough confluence? I know a touch trade would have been even better, after hindsight.

Attached Image (click to enlarge)
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The Eyes Believe What They See And The Ears Believe What Others Say.
  • #113,829
  • Jun 29, 2012 9:52am Jun 29, 2012 9:52am
Quoting rolo1128
Entered this a few days ago. Still new here. 1.03 looked great for a PPZ/support. BUOB also with 150ema and 23 fib. FTA was 1.04. Stop currently at BE.

I know this trade is working out but the question I have is, am i looking at the right locations? and with enough confluence? I know a touch trade would have been even better, after hindsight.

Attachment
Hey Rolo

Your chart looks real good to me. It looks like it could have been screenshotted from J16 charts. A little bar conifrmation but strong confluence with your MA. Your dashed blue lines(especially the first one) are VERY important and really the key. 1.0400 good chance to hold as support and then move to the next level

Nice trade
Mike
  • #113,830
  • Jun 29, 2012 10:15am Jun 29, 2012 10:15am
Quoting mbqb11
Hey Rolo

Your chart looks real good to me. It looks like it could have been screenshotted from J16 charts. A little bar conifrmation but strong confluence with your MA. Your dashed blue lines(especially the first one) are VERY important and really the key. 1.0400 good chance to hold as support and then move to the next level

Nice trade
Mike
Thanks Mike.
haha yeah I have been studying James16 charts for weeks. Months really. Kinda copied his chart template for now, you know maybe to help get a better view at what he's seeing and also to compare.
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #113,831
  • Jun 29, 2012 10:22am Jun 29, 2012 10:22am
Quoting rolo1128
Entered this a few days ago. Still new here. 1.03 looked great for a PPZ/support. BUOB also with 150ema and 23 fib. FTA was 1.04. Stop currently at BE.

I know this trade is working out but the question I have is, am i looking at the right locations? and with enough confluence? I know a touch trade would have been even better, after hindsight.

Attachment
Hey rolo ! I have the same trade as you have, i just saw that the price is not go below after the beob... 1.03 and 150 ema is solid support
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  • #113,832
  • Jun 29, 2012 10:31am Jun 29, 2012 10:31am
Quoting fafarafa
Hey rolo ! I have the same trade as you have, i just saw that the price is not go below after the beob... 1.03 and 150 ema is solid support
Attachment
hahah look a that, same one

Nice job FAfa

Mike
  • #113,833
  • Jun 29, 2012 10:46am Jun 29, 2012 10:46am
Quoting fafarafa
Hey rolo ! I have the same trade as you have, i just saw that the price is not go below after the beob... 1.03 and 150 ema is solid support
Nice. Yeah i noticed that too. At first that BEOB made me question entering the current trade.
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #113,834
  • Jun 29, 2012 10:50am Jun 29, 2012 10:50am
Quoting Greenhaze
EURSGD DBL Bottom pattern + BUOB retrace entry.

Lets see if this thing wants to go higher.

Plan your trade , trade your plan
Don't know what I like more, the setup, the analysis or the new graphic?

The chart is not based on NYC close is it? Do you follow both? Do you find it delivers the same expectations??? Based on this trade I guess it does.

Good to see you posting again bracie.

T
  • #113,835
  • Jun 29, 2012 11:08am Jun 29, 2012 11:08am
Quoting mbqb11
hahah look a that, same one

Nice job FAfa

Mike
Hi Mike!
Thank you!
I learned a lot from you. I always read your posts in this thread and watch your charts. You are an amazing person and very honest man. Thank you for sharing your knowledge and experience here. It is a pity that people like you very little in this world.
  • #113,836
  • Jun 29, 2012 11:09am Jun 29, 2012 11:09am
  •  sg_1988
  • | Joined Dec 2011 | Status: Cause I'm P*ssed Off For Greatness | 70 Posts
Quoting Quezoy
It droped because of Eurozone news.
This aside, I still would not have taken this long, there is resistance pretty close by, if you look to the left.
Thanks for the reply.

Kind Regards
Sanil
  • #113,837
  • Jun 29, 2012 11:36am Jun 29, 2012 11:36am
Quoting fafarafa
Hey rolo ! I have the same trade as you have, i just saw that the price is not go below after the beob... 1.03 and 150 ema is solid support
Attachment
This one looks very similar! Missed this one.
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  • #113,838
  • Jun 29, 2012 12:19pm Jun 29, 2012 12:19pm
Quoting C-12
This one looks very similar! Missed this one.
Yes and NZD JPY of similar situation now we se a nice BUob
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  • #113,839
  • Jun 29, 2012 1:45pm Jun 29, 2012 1:45pm
Quoting 5.25
Don't know what I like more, the setup, the analysis or the new graphic?

The chart is not based on NYC close is it? Do you follow both? Do you find it delivers the same expectations??? Based on this trade I guess it does.

Good to see you posting again bracie.

T
Yo T!

In 90% of the time daily bars look the same on both feeds but occasionally major changes in sentiment occur during asian session. Sometimes these so so setups on fxpro end up as A+ bars on Oanda 7 hours later.

FXPRO D1: ASIA, EUROPE , US
OANDA D1: EUROPE, US, ASIA


Pozdro Mistrzu
  • #113,840
  • Jun 29, 2012 2:10pm Jun 29, 2012 2:10pm
According to Central Bank of India their currency is massively oversold and they are ready to intervene at any time. It looks like in contrast to verbal intervention of BOJ, market might actually care here
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