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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

  • #119,981
  • Oct 24, 2012 1:48am Oct 24, 2012 1:48am
Quoting m00nchild
Hmm, few days of consolidation of NzdChf on an interesting level...
Maybe this breaks to the upside with room to develop? What do you think?

Attachment

As always just a thought, take care
looks for me rather we are about to break down

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  • #119,982
  • Oct 24, 2012 2:18am Oct 24, 2012 2:18am
Hey Bullzeye,

Yep thought the same, love the 50 Fib retracement to much though and like to play bounces instead of breakes. Maybe I see more that I want to see instead of what is really there? Will definitely be careful there, thanks for the headsup!
  • #119,983
  • Oct 24, 2012 3:21am Oct 24, 2012 3:21am
Quoting Mav13
Hi guys,
I took this BUOB on EURJPY as continuation bar but it ended as full bar loss. I saw pullback to 103 (first red line) and then we got this buob, I saw space all around and first FTA was 105.5. Also we were in uptrend for some time. Any comments what I did wrong?
Hello
try to add 365 EMA to your chart and you will see why I wouldn't have entered that long

mbqb11 , thx for your reply
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  • #119,984
  • Oct 24, 2012 3:35am Oct 24, 2012 3:35am
Quoting mbqb11
hey Mav

We have to be careful with continuation bars. i really get nervous seeing people play these at swing high points. I generally am a big believer in learning them only at the swing points James teaches till you get proficient at that. For me this is something that a few people asked me about yesterday and my responses were that I simply don't see enough confluence to be buying at these points. One comment I made today in my webinar is don't let being in a trend persuade you to take any continuation bar. I know this first hand and think...
great post Mike

Hey Mav, its all about confluence: look on the chart...MACD divergence, falling TL and 365ema (like swissforex mentioned already)... a 2 days BEOB is forming as well, so all in one a great short setup

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  • #119,985
  • Oct 24, 2012 3:48am Oct 24, 2012 3:48am
EUR/USD

just went down to H4 tf to find a perfect PPZ area. Thats the power of S/R

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  • #119,986
  • Oct 24, 2012 4:13am Oct 24, 2012 4:13am
Bullz, thats really a beauty! Simple and effective.

Btw look at what NZDCHF is doing, maybe my long is setting up
  • #119,987
  • Oct 24, 2012 4:28am Oct 24, 2012 4:28am
little risky touch trade
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all is eternal - this is good news for people who loves bad news
  • #119,988
  • Oct 24, 2012 4:29am Oct 24, 2012 4:29am
GU would have been a sweet TT entry.
Could not get back home in time to take it.
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  • #119,989
  • Oct 24, 2012 4:42am Oct 24, 2012 4:42am
cable short trade - tested 1.6000 to the pip, i am a shy boy and posted entry only at 1.5980
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all is eternal - this is good news for people who loves bad news
  • #119,990
  • Oct 24, 2012 4:42am Oct 24, 2012 4:42am
Hi everybody,

1st post here on FF.
I've been member of PF in June-July, however I did not have time to fully participate and use all the material there, but I deeply recommand it.

I've been studying Forex since march, but I am still a newbie.

Quoting Mav13
Hi guys,
I took this BUOB on EURJPY as continuation bar but it ended as full bar loss. I saw pullback to 103 (first red line) and then we got this buob, I saw space all around and first FTA was 105.5. Also we were in uptrend for some time. Any comments what I did wrong?
I was also wondering to take this bar however, I checked EURUSD and USDJPY ans I saw that this BUOB had no future : the BUOB on EURJPY was pulled by a big bullish bar on USDJPY but then closed under a resistance. In EURUSD there were no move, but a bearish pattern with divergence only waiting breaking the 1.30 (Which happened yesterday)

This is not standard James16 method but I think it can by useful to check similar crosses, to see possible S/R.
  • #119,991
  • Oct 24, 2012 4:47am Oct 24, 2012 4:47am
very nice cable trading guys!
  • #119,992
  • Oct 24, 2012 4:55am Oct 24, 2012 4:55am
short kiwi
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all is eternal - this is good news for people who loves bad news
  • #119,993
  • Oct 24, 2012 4:59am Oct 24, 2012 4:59am
Quoting laoshi
hi Meshka, where is your enter on this?
enter is blue line, stop red line. this is on my MT4 charts.
on MBTrading charts orange is entry, green stop.
all is eternal - this is good news for people who loves bad news
  • #119,994
  • Oct 24, 2012 6:28am Oct 24, 2012 6:28am
Could someone post a MACD with divergence indie??ty
  • #119,995
  • Oct 24, 2012 8:29am Oct 24, 2012 8:29am
Quoting Marozas
Could someone post a MACD with divergence indie??ty
Hey Marozas

MACD is simply an oscillator that will come with your platform. We then can use it to help spot divergence.

Let me know if you need some examples of what I mean. In MT4 to add it to your chart simply go to Insert- indicator - Oscillator - MACD


Best
Mike
  • #119,996
  • Oct 24, 2012 8:32am Oct 24, 2012 8:32am
Quoting bullzeye
looks for me rather we are about to break down

Attachment
7500 BRN just under us, perhaps a channel forming. Certainly consolidation though after the up move
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  • #119,997
  • Oct 24, 2012 9:02am Oct 24, 2012 9:02am
Quoting Marozas
Could someone post a MACD with divergence indie??ty
here we go
Attached File(s)
File Type: mq4 FX5_MACD_Divergence_V1.1.mq4   12 KB | 459 downloads
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  • #119,998
  • Oct 24, 2012 9:44am Oct 24, 2012 9:44am
Just Moved my stop to break even on this bearish outside bar break of a descending triangle in eur/aud.
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  • #119,999
  • Oct 24, 2012 10:53am Oct 24, 2012 10:53am
Quoting Sciurus
Just Moved my stop to break even on this bearish outside bar break of a descending triangle in eur/aud.
Very nice S, there was an identical entry on the 4hr as well
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  • #120,000
  • Oct 24, 2012 12:10pm Oct 24, 2012 12:10pm
Quoting mbqb11
Very nice S, there was an identical entry on the 4hr as well
Thanks Mike. It means a lot coming from you. It seems these triangles are a big part of your trading plan?

I didn't have a BEOB on my 4H feed. However, I've got a BEOB on my hourly that will hopefully push the trade down through my take profit.
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