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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

  • #120,081
  • Oct 26, 2012 2:28pm Oct 26, 2012 2:28pm
USD/JPY

on the first sight a nice BEOB, or? But this one is really tricky, look on this lovely PPZ area and beautiful S/R flip...could shoot up on Monday

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  • #120,082
  • Oct 26, 2012 2:52pm Oct 26, 2012 2:52pm
GBP/CHF

nice pin (i hear Mike already:" Too small nose!... ) , nice TL, nice PPZ...but not sexy enough something missing ???

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  • #120,083
  • Oct 26, 2012 3:17pm Oct 26, 2012 3:17pm
Quoting meshka
my sell on EURAUD BRN 1.2500
nice one meshka are you still in? also short on this one...
  • #120,084
  • Oct 26, 2012 3:27pm Oct 26, 2012 3:27pm
I would like you to read my story (more of a cartoon really), about the Eur/Gbp, weekly.

Did you enjoy it?
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  • #120,085
  • Oct 26, 2012 4:20pm Oct 26, 2012 4:20pm
Quoting mbqb11
Hey COT

This one is tricky, not a ton of confluence but a nice size bar

Notice this pinbar sits down lower into the previous range of bars. This puts us in a bit of a sideways market which can give price trouble as you are trading into the bottom range of that market.

We really want that pin up higher at a nicer swing high. I drew an edited version as well to show what I mean

Hope this helps
Mike
cheers Mike, yeah that makes sense...I got all excited by the pinbar which did look good to me....need to work on being more picky...much more picky
  • #120,086
  • Oct 26, 2012 5:23pm Oct 26, 2012 5:23pm
Quoting AdamB
I would like you to read my story (more of a cartoon really), about the Eur/Gbp, weekly.

Did you enjoy it?
mmmm

I'm sitting on my profits for this month
and I don't trade weekly that often
but we have some confluence there
Fibos,BEOB,and recent divergence on Daily TF(retracing at the moment)
if it could break 0.80..tempting..

http://img546.imageshack.us/img546/7448/egw.gif
Account deleted
  • #120,087
  • Oct 26, 2012 6:30pm Oct 26, 2012 6:30pm
Quoting bullzeye
nice one meshka are you still in? also short on this one...
Yes, I'll leave it till the monday..
all is eternal - this is good news for people who loves bad news
  • #120,088
  • Oct 26, 2012 7:32pm Oct 26, 2012 7:32pm
Nice area of parity on USD/CAD
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  • #120,089
  • Oct 26, 2012 9:34pm Oct 26, 2012 9:34pm
Quoting Pinbar
Nice area of parity on USD/CAD
I love me some parity you know that Steve

Can't wait till we get out of this area
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  • #120,090
  • Oct 26, 2012 10:17pm Oct 26, 2012 10:17pm
Quoting mbqb11
I love me some parity you know that Steve

Can't wait till we get out of this area

Yeah, we ALL know that Mike.

My god, its full of boxes.

Great movie, at the time. LOL
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  • #120,091
  • Oct 27, 2012 2:36am Oct 27, 2012 2:36am
Quoting geniusztc
how about this daily pin bar ?
AGAIN
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A chart helps those who can read it.
  • #120,092
  • Oct 27, 2012 3:08am Oct 27, 2012 3:08am
USDSEK Daily

I am thinking about going short here on monday (if price breaks the pin).
I am aware of the traffic below so I will watch out for that.
The pin looks good and the location at the top is nice.
Any thoughts on this trade?
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  • #120,093
  • Oct 27, 2012 6:42am Oct 27, 2012 6:42am
Quoting Johan N
USDSEK Daily

I am thinking about going short here on monday (if price breaks the pin).
I am aware of the traffic below so I will watch out for that.
The pin looks good and the location at the top is nice.
Any thoughts on this trade?
Hey Johan

I was looking at this also..

I like the way the pin closed below 6.7000 and has bounced off the 360 and 180 ma

Would love to hear what anyone else thinks would be good to hear what mbqb11 and bullzeye think too>

By the way this is my first post on james16 so hello everyone and thanks for the best thread in the world

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Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #120,094
  • Oct 27, 2012 10:35am Oct 27, 2012 10:35am
Quoting Seabreeze
Hey Johan

I was looking at this also..

I like the way the pin closed below 6.7000 and has bounced off the 360 and 180 ma

Would love to hear what anyone else thinks would be good to hear what mbqb11 and bullzeye think too>

By the way this is my first post on james16 so hello everyone and thanks for the best thread in the world

Attachment
Hey SB

Firstly welcome to this huge thread

I think it's an interesting pin but I am a bit weary on it. Coming off friday it could be that price just didn't have enough momentum to break this area. Now as you guys said there is not a lot of space here . For me just fighting back into that BUOB makes it tricky and one should get their stops to b/e quick. I think the descending TL and the left eye should hold or this will not work. So this is also the area I would watch to the upside to cut out if I had to take it. That's just as important as if it moves in our favor

Hope that helps and again welcome to the thread

Mike
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  • #120,095
  • Oct 27, 2012 10:43am Oct 27, 2012 10:43am
Hi mbqb11

Thank you for your time with this its most welcome..Im going over and over the information on here and doing lots of study with this..

Thank you
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #120,096
  • Edited 12:02pm Oct 27, 2012 11:59am | Edited 12:02pm
Quoting Johan N
USDSEK Daily

I am thinking about going short here on monday (if price breaks the pin).
I am aware of the traffic below so I will watch out for that.
The pin looks good and the location at the top is nice.
Any thoughts on this trade?
I think we are in for some early us$ weakness next week. Reversal (or at least holding support) in the stock market (daily) and also in the euro (daily as well)

I dont trade this pair as the spread on my platform is huge but I think it might be viable

Olu
If you think you can or cannot do it you are correct
  • #120,097
  • Oct 28, 2012 3:23am Oct 28, 2012 3:23am
Hi

I love this thread, I have been a PA trader for so long and really believe I found a great community here. Awesome support provided by senior members which is so good. Reminds me of what FF is really all about.

I do have a question and due to the size of the thread I am having trouble sourcing the right answer.

How are the 180 and 365 moving averages used? Also, why where these time frames selected? I have seen lots of references to them, and I have never seen those time frames used.

Congratulations to all the contribute here. This is such a valuable resource to traders of all levels. For me it is so refreshing to see pure PA discussion in FF, away from the endless indicator systems. I love the fact that your focus is also away from low time frames (I find it so hard to make them work, but I have been tempted buy them so often - such an expensive lesson).

The fact that this thread is so massive says how well it works. I never knew about it because it lived in the commercial forum.

John
  • #120,098
  • Oct 28, 2012 7:56am Oct 28, 2012 7:56am
Guys

Do you have any issues with FXPro?

I'm using demo account for charting and right now i can't find majors and some other pairs. Also my price alerts are missing or messed up... Damn
  • #120,099
  • Oct 28, 2012 8:46am Oct 28, 2012 8:46am
Quoting mbqb11
Hey SB

Firstly welcome to this huge thread

I think it's an interesting pin but I am a bit weary on it. Coming off friday it could be that price just didn't have enough momentum to break this area. Now as you guys said there is not a lot of space here . For me just fighting back into that BUOB makes it tricky and one should get their stops to b/e quick. I think the descending TL and the left eye should hold or this will not work. So this is also the area I would watch to the upside to cut out if I had to take it. That's just as important...
Ok thanks Mike. Ill better keep this SL tight then.
Welcome to the thread Seabreeze.
  • #120,100
  • Oct 28, 2012 9:27am Oct 28, 2012 9:27am
Quoting Audioslave
Guys

Do you have any issues with FXPro?

I'm using demo account for charting and right now i can't find majors and some other pairs. Also my price alerts are missing or messed up... Damn
Oh, I cannot find Fx majors either.
What's up?
No idea.
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