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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

  • #120,341
  • Nov 5, 2012 10:10am Nov 5, 2012 10:10am
Quoting stockEX
Hey Mike glad to see that you´ve overcome those little adversities in your area,your a machine.

What happened to James BTW, not to sound entiteled but didn´t he say he wanted to do some stuff in the Guest Section of the PF.
Hey Stock

James is getting the new site together. He has been quite busy with outside FX stuff. But the entire site is getting an overhaul that I think will please the members as well as the guests as well. It's coming that I can promise

It's still bad here, just got a heater and felt less comfortable walking down the street with that then I would have waving a $100 bill

Mike
  • #120,342
  • Nov 5, 2012 10:18am Nov 5, 2012 10:18am
Another great setup i want to call for you to watch guys Before the fact as I like to do it, so you will be able to create you management as it unfolds in real time.
I am still struggling to figure out how i could enter here, because my broker is widening the spread enormously on this pair through the night and that makes it pretty uncomfortable to manage.
I hope you enjoy it

Attached Image (click to enlarge)
Click to Enlarge Name: 123.gif Size: 38 KB
  • #120,343
  • Nov 5, 2012 10:18am Nov 5, 2012 10:18am
Quoting mbqb11
Hey Demi

Bars like this look good at first sight but when we break it down we can see we have a lot of trouble too.

Here is a chart on what I mean
Hi Mike,

Nice graph, I did not see it like that. Then do you think that a break-out of this channel could be a nice short to the bottom of the box ?

Thanks
  • #120,344
  • Nov 5, 2012 10:26am Nov 5, 2012 10:26am
Quoting Rust
Another great setup i want to call for you to watch guys Before the fact as I like to do it, so you will be able to create you management as it unfolds in real time.
I am still struggling to figure out how i could enter here, because my broker is widening the spread enormously on this pair through the night and that makes it pretty uncomfortable to manage.
I hope you enjoy it

Attachment
don't forget the bigger picture too

http://www.forexfactory.com/showthre...30#post6119230
  • #120,345
  • Nov 5, 2012 10:27am Nov 5, 2012 10:27am
Quoting ForexFrog
Hi Mike,

Nice graph, I did not see it like that. Then do you think that a break-out of this channel could be a nice short to the bottom of the box ?

Thanks
Hey Frog

It could be. Certainly here a break of the bar is much more appealing then a retrace. At least if you play a break you know that former channel should hold or it shouldn't and you should cut out. For me this is still not worth it. Too much overall consolidation that I don't find it worth my risk. But as I always say we can take any bar/chart and develop a logical trade plan. It's just a matter of what one finds WORTH that risk

Let me know if that makes sense
mIke
  • #120,346
  • Nov 5, 2012 10:37am Nov 5, 2012 10:37am
Quoting mbqb11
don't forget the bigger picture too

http://www.forexfactory.com/showthre...30#post6119230
The last 2 swing highs on divergence make it even better i think
It could be a significant drop this one.
Thanks mighty Mike
  • #120,347
  • Nov 5, 2012 10:50am Nov 5, 2012 10:50am
Quoting mbqb11
Hey Frog

It could be. Certainly here a break of the bar is much more appealing then a retrace. At least if you play a break you know that former channel should hold or it shouldn't and you should cut out. For me this is still not worth it. Too much overall consolidation that I don't find it worth my risk. But as I always say we can take any bar/chart and develop a logical trade plan. It's just a matter of what one finds WORTH that risk

Let me know if that makes sense
mIke
I think yes... Even if there is break of this channel with a pull-back to support, we are still in a box and in a sideway market without space. In this case there are less probability that the price will go where we would like : at the bottom of the box. Is that it ?
  • #120,348
  • Edited 11:11am Nov 5, 2012 10:58am | Edited 11:11am
Well I now nothing about try ,but I do think we will see a bullish $
def looks bearish ,but im not sure id take ,personally wouldnt sell into 1.7730 ,be on toes
chart is consolidating on w1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd try 5-11-12 w1.png Size: 29 KB
Click to Enlarge Name: usd try d1 5-11-12.png Size: 30 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #120,349
  • Nov 5, 2012 11:07am Nov 5, 2012 11:07am
Quoting KarlfromHU
Hi Everyone!

I would be happy, if you share your opinion about this 3 trade.

Thank you!
Karl
followed you lets c whr it takes ... took the risk on my 1st demo account
  • #120,350
  • Nov 5, 2012 11:14am Nov 5, 2012 11:14am
Gbp Aud looks clearer to me



Quoting Bones
Well I now nothing about try ,but I do think we will see a bullish $
def looks bearish ,but im not sure id take ,personally wouldnt sell into 1.7730 ,be on toes
chart is consolidating on w1
Attached Image (click to enlarge)
Click to Enlarge Name: gbp aud d1 5-11-12 trade h4.gif Size: 15 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #120,351
  • Nov 5, 2012 11:24am Nov 5, 2012 11:24am
usdx ,I think is bullish
Attached Image (click to enlarge)
Click to Enlarge Name: usd lf h4 05-11-12.gif Size: 14 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #120,352
  • Nov 5, 2012 11:40am Nov 5, 2012 11:40am
Quoting Bones
Gbp Aud looks clearer to me
GBP/AUD Here is my view:

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  • #120,353
  • Nov 5, 2012 11:43am Nov 5, 2012 11:43am
cool ,cool chart TLC ,yea but what about round number 1.5 lol well im following on daily



Quoting TheLastCoke
GBP/AUD Here is my view:

Attachment
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #120,354
  • Nov 5, 2012 11:43am Nov 5, 2012 11:43am
Hi Everyone!

I attached this two trade before, but I think this pictures are clearer. If anyone have some remark, i would be happy.

Thanks!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20121105gbpchf.jpg Size: 323 KB
Click to Enlarge Name: 20121105nzdjpy.jpg Size: 330 KB
  • #120,355
  • Nov 5, 2012 11:49am Nov 5, 2012 11:49am
Is that H&S ?


Quoting TheLastCoke
GBP/AUD Here is my view:

Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: gbp aud 25-11-15 d1.png Size: 32 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #120,356
  • Nov 5, 2012 11:52am Nov 5, 2012 11:52am
Quoting KarlfromHU
Hi Everyone!

I attached this two trade before, but I think this pictures are clearer. If anyone have some remark, i would be happy.

Thanks!
Hey Karl

Be careful on your gbp/chf. That is a very weakly formed pinbar. Notice the body of the bar closes bullish and is a big size. You want a much stronger close. Price also has the BRN of 1.5 just under us so there is a lot going against it. The easier way in my mind is waiting for price to get back under the BRN or even better if price closes above that channel and look for longs

Here was my view on nzd/jpy

http://www.forexfactory.com/showthre...37#post6161037

Best
Mike
  • #120,357
  • Nov 5, 2012 11:54am Nov 5, 2012 11:54am
Quoting ForexFrog
I think yes... Even if there is break of this channel with a pull-back to support, we are still in a box and in a sideway market without space. In this case there are less probability that the price will go where we would like : at the bottom of the box. Is that it ?
Yes exactly, it makes it trickier. I prefer to watch the tops and bottoms of that bigger box, and especially when we get outside that bigger box

Best
Mike
  • #120,358
  • Nov 5, 2012 11:58am Nov 5, 2012 11:58am
Thanks for your help Mike!
  • #120,359
  • Nov 5, 2012 12:07pm Nov 5, 2012 12:07pm
eu has broke free I think 1.26 to 1.25 is possible
Attached Image (click to enlarge)
Click to Enlarge Name: eu d1 5-11-12 break.png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #120,360
  • Nov 5, 2012 12:56pm Nov 5, 2012 12:56pm
Quoting Bones
eu has broke free I think 1.26 to 1.25 is possible
yes, i am on your side Bones, i am waiting for a retest of that level...

Attached Image (click to enlarge)
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