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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

  • #117,721
  • Sep 7, 2012 1:35am Sep 7, 2012 1:35am
Quoting HanSolo
Yes, right to the pip. Now all I need is a break through the resistance price is lingering at. I leave my stop at BE.

My trade for today is on the GBPJPY. Like Chanya said it may take off from the bar highs and not the HCRs. But it also may find some resistance at 126.00 and return back to my entry at 125.52 before getting higher.
Bamm!! .to the pip! . love it . .get use to it, my friend . .


Nice plan Hans . . I wonder it the News of the NFP came out early . .lol
Indicators show the past. Price Action "Indicates" the future.
  • #117,722
  • Sep 7, 2012 1:38am Sep 7, 2012 1:38am
Quoting brzvadeg
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I want to see the close near these levels.

We've been here before, we'll be watching, brzvadeg.
Indicators show the past. Price Action "Indicates" the future.
  • #117,723
  • Sep 7, 2012 1:44am Sep 7, 2012 1:44am
Quoting jarroo
We've been here before, we'll be watching, brzvadeg.
the same thing in these graphs. breaking through the important area and return to it for testing.
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  • #117,724
  • Sep 7, 2012 1:48am Sep 7, 2012 1:48am
Quoting jarroo
Strong Bullish Mike Bar DBLHC/BUOB . .at a Swing Low .. .looks good for more up movement . .for sure.

I could see a James16 chart on this one . .


Quoting Donkey
Alot of discussion on the AUD pairs today. My long on AUDUSD got triggered. Chart shows my major trouble areas, profit targets, and my likely first stop movement (red trendline).

Congrats to those that caught the 4H BEOB, it was a beautiful bar.

The Mighty Mo (momentum) that's inherent in a PA setup when its at its proper location (Bullish PA at a Swing Low) and a decent size (relative to current bars) can be awesome . .which is at the heart of this Thread.
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Indicators show the past. Price Action "Indicates" the future.
  • #117,725
  • Sep 7, 2012 1:53am Sep 7, 2012 1:53am
Quoting brzvadeg
the same thing in these graphs. breaking through the important area and return to it for testing.
Attachment

Attachment

Looks good, bro .. is this a minor retrace then back up or down we go ?. .these are good levels to gauge this . .and where it Closes at these levels can only give us more information.

Thanks brzvadeg .

Indicators show the past. Price Action "Indicates" the future.
  • #117,726
  • Sep 7, 2012 2:02am Sep 7, 2012 2:02am
Quoting jarroo
Looks good, bro .. is this a minor retrace then back up or down we go ?. .these are good levels to gauge this . .and where it Closes can only give us more information.

Thanks brzvadeg .

I agree that the closure of these levels will give more information. But as you said yourself that the trend in these pairs is very strong. so simple it does not change its motion. I personally will wait for a turn trend near trend line.
  • #117,727
  • Sep 7, 2012 2:06am Sep 7, 2012 2:06am
Quoting brzvadeg
I agree that the closure of these levels will give more information. But as you said yourself that the trend in these pairs is very strong. so simple it does not change its motion. I personally will wait for a turn trend near trend line.
It could very well do that, brzvadeg . .traders could be getting out of their longs due to the NFP today . .and then get back in for the trendline . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,728
  • Sep 7, 2012 2:09am Sep 7, 2012 2:09am
This morning, I saw the following Setup, any suggest?

Attached Image (click to enlarge)
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  • #117,729
  • Sep 7, 2012 2:11am Sep 7, 2012 2:11am
Quoting Activer
This morning, I saw the following Setup, any suggest?

Attachment

Attachment
You gotta like the confluences at that level with that PB . .nice one Activer . . . .stay with her. .manage with the targets.
Indicators show the past. Price Action "Indicates" the future.
  • #117,730
  • Sep 7, 2012 2:16am Sep 7, 2012 2:16am
Quoting jarroo
It could very well do that, brzvadeg . .traders could be getting out of their longs due to the NFP today . .and then get back in for the trendline . .
And you get in the number of these traders?
  • #117,731
  • Sep 7, 2012 2:17am Sep 7, 2012 2:17am
Quoting patapouer
Hi guys,

Here are few setup I am currently watching.

1. GBPUSD
Has it already been discussed here?? I doubt I would have drawn this setup by myself... or other charts posted by advanced members have feed my imagination
- Wedge, price squeezing (am I right,Mike?)
- PBTCA minor swing high AND RN 1.59.
- BUOB
Waiting for the current candle to close above 1.59 and the top TL, and to break the BUOB (best would be today's candle, I could wait for tomorrow's...)
Target: 1.6
Alternative scenario: no break of the TL, instead the 1.588 HCR...
Quoting patapouer
next...

5. EURSEK.
if closes now, as a pinbar (one can dream...), would enter short (8.55 RN + 38.2 Fib ret + minor LCS just gently touched).

6. USDTRY
A bit too much in traffic for me, but I'll give it a shot.
Bearish pinbar formed yesterday off HCR tested now for the 5th time.
Pending sell stop when pinbar broken.
FTA at RN 1.81.

7. Gold:
either PBTCA 1715 HCR (and H4 close confirmation tomorrow) -> long with small SL
or today's candle close as a pinbar off 1700 RN and touching HCR -> short on break, FTA 1680.
Or none of these....

Oh gosh it feels so good when you go to BE...

AUDUSD: entered on H4 close above 1.0288 LCS - without close confirmation, I shouldn't do that anymore. Will trail my SL on H4 according to PPZ.

NZDSGD: Practicing profit on ranging movement . So far so good, +51pips, and BE. Stop will also be trailed on H4 PPZs, currently waiting for 0.998 to be broken and act as support.

USDTRY: As for NZDSGD: "how to get profit in ranging market" lesson . +40pips, at BE, SL trailed on H4 (currently waiting for 1.8090 to act as a support).

I entered too rapidly in CHFJPY & AUDCAD (this one was taken for wrong reasons also...)


Thanks a lot to the senior members for your help, advice, and dedication.
I'm at the very beginning of the trading journey, and your kindness is of great help for deciphering the market's mysteries...
Slow & steady
  • #117,732
  • Sep 7, 2012 2:21am Sep 7, 2012 2:21am
Quoting brzvadeg
And you get in the number of these traders?
lol Yes I was one of the traders that got out of my EurAud and EurNzd long trade due to the NFP .. .you are getting to know me too well . .brzvadeg . .lol
Indicators show the past. Price Action "Indicates" the future.
  • #117,733
  • Sep 7, 2012 2:24am Sep 7, 2012 2:24am
Quoting patapouer
Oh gosh it feels so good when you go to BE...

AUDUSD: entered on H4 close above 1.0288 LCS - without close confirmation, I shouldn't do that anymore. Will trail my SL on H4 according to PPZ.

NZDSGD: Practicing profit on ranging movement . So far so good, +51pips, and BE. Stop will also be trailed on H4 PPZs, currently waiting for 0.998 to be broken and act as support.

USDTRY: As for NZDSGD: "how to get profit in ranging market" lesson . +40pips, at BE, SL trailed on H4 (currently waiting for 1.8090 to act as a support).

I entered too...
Great charts and posts, patapouer . .glad to see you back . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,734
  • Sep 7, 2012 2:27am Sep 7, 2012 2:27am
Quoting jarroo
Great charts and posts, patapouer . .glad to see you back . .
Thanks

Well, I'm quite happy to be back too

Still struggling with time constraints, even though currently unemployed... crazy life
Slow & steady
  • #117,735
  • Sep 7, 2012 2:28am Sep 7, 2012 2:28am
Quoting patapouer
Thanks

Well, I'm quite happy to be back too

Still struggling with time constraints, even though currently unemployed... crazy life

Yeah I read about that earlier . .hang tough brother . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,736
  • Sep 7, 2012 2:46am Sep 7, 2012 2:46am
Jarroo, Just wondering if you could give me your thoughts/opinion on this failed short setup that I was watching.


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Cheers
Dan
  • #117,737
  • Sep 7, 2012 2:48am Sep 7, 2012 2:48am
50% off the table and balance set at BE. Might have been over exposed to the Aud.
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  • #117,738
  • Sep 7, 2012 2:55am Sep 7, 2012 2:55am
Quoting Activer
This morning, I saw the following Setup, any suggest?

Attachment
GBP/AUD

look at the weekly chart also...i really like it

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  • #117,739
  • Sep 7, 2012 2:58am Sep 7, 2012 2:58am
hey guys whats up? i couldn't even trade because of reading the thousands of sides in this thread last days
  • #117,740
  • Sep 7, 2012 2:58am Sep 7, 2012 2:58am
Quoting dan89
Jarroo, Just wondering if you could give me your thoughts/opinion on this failed short setup that I was watching.


Attachment

Cheers
Dan
It wasn't a bad setup to take . . the S/L was pretty tight on this one, which was good. Daily Close Confirmation would have kept you out. It could have easily gone in your direction but it didn't . .that is also good information to take from this as well.
Indicators show the past. Price Action "Indicates" the future.
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