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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

  • #120,361
  • Nov 5, 2012 1:02pm Nov 5, 2012 1:02pm
Quoting bullzeye
yes, i am on your side Bones, i am waiting for a retest of that level...

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I'm with you guys
Slow & steady
  • #120,362
  • Nov 5, 2012 1:05pm Nov 5, 2012 1:05pm
B

Im waiting for tl first may have entered again bit early ,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #120,363
  • Nov 5, 2012 1:08pm Nov 5, 2012 1:08pm
Quoting TheLastCoke
GBP/AUD Here is my view:

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Hey LC,

but that`s the second touch of the support, seems a lil risky to me...
  • #120,364
  • Nov 5, 2012 1:22pm Nov 5, 2012 1:22pm
GOLD/SILVER

my precious metals day...

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  • #120,365
  • Nov 5, 2012 2:04pm Nov 5, 2012 2:04pm
USD/SGD

just like the H1 PA ...

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  • #120,366
  • Nov 5, 2012 2:17pm Nov 5, 2012 2:17pm
Quoting mbqb11
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
Thank you Mike!

I saw this great trendline+resistance, and i really wanted to find some PA to trade....lot of times i want to be in the market, even if i don't have a good opportunity to trade. So, I know that's a problem, I'll try to solve it.

You said, the best if the price closes above that channel, and we can long. That's what Jarroo teach, right? So, if it closes above, i should wait for a pullback and put a buy limit to the trendline (and i should put my SL under the PBT&CA candle) ? That's a bit different what James teach, right? I saw a document made by Chanya, that's all what i read about this trading style...
  • #120,367
  • Nov 5, 2012 2:37pm Nov 5, 2012 2:37pm
Hi everybody,

It looks like EURGBP is closing on PB. I shared some thoughts on the graph.

Could someone give his opinion on the way I draw the ascending TL : I have 2 and I don't know which one is valid.

Otherwise, with a break of the descending TL, this could be a trade ?

Thanks,
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  • #120,368
  • Nov 5, 2012 2:41pm Nov 5, 2012 2:41pm
gold d1
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #120,369
  • Nov 5, 2012 2:59pm Nov 5, 2012 2:59pm
eur/nzd
possible turn-around at brn, fib and former support.
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meine augen sind die sterne
  • #120,370
  • Nov 5, 2012 3:11pm Nov 5, 2012 3:11pm
Quoting aserbfx
eur/nzd
possible turn-around at brn, fib and former support.
Was just about to post about eurnzd. yeah watching the 1.55 area too. Its in a huge weekly triangle too.

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The Eyes Believe What They See And The Ears Believe What Others Say.
  • #120,371
  • Nov 5, 2012 3:17pm Nov 5, 2012 3:17pm
Quoting rolo1128
Was just about to post about eurnzd. yeah watching the 1.55 area too. Its in a huge weekly triangle too.

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i would definately wait for confirmation by a candlestick-setup; like the buob at the first touch of the support.
the last down-candles look very powerful.
meine augen sind die sterne
  • #120,372
  • Edited 4:30pm Nov 5, 2012 3:19pm | Edited 4:30pm
Quoting Rust
The last 2 swing highs on divergence make it even better i think
It could be a significant drop this one.
Thanks mighty Mike
Hey Rust,
A drop like this one?
http://img685.imageshack.us/img685/7...dtryweekly.jpg
  • #120,373
  • Nov 5, 2012 3:24pm Nov 5, 2012 3:24pm
Quoting aserbfx
i would definately wait for confirmation by a candlestick-setup; like the buob at the first touch of the support.
the last down-candles look very powerful.
Agree gotta be strong signal. I feel its going down more then a retrace back to 1.55. We will see.
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #120,374
  • Nov 5, 2012 4:05pm Nov 5, 2012 4:05pm
Quoting ForexFrog
Hi everybody,

It looks like EURGBP is closing on PB. I shared some thoughts on the graph.

Could someone give his opinion on the way I draw the ascending TL : I have 2 and I don't know which one is valid.

Otherwise, with a break of the descending TL, this could be a trade ?

Thanks,
I got a lot about this one in my inbox and just emailed the group

Here was my chart Frog

Best
Mike
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  • #120,375
  • Nov 5, 2012 4:06pm Nov 5, 2012 4:06pm
Quoting ForexFrog
Hi everybody,

It looks like EURGBP is closing on PB. I shared some thoughts on the graph.

Could someone give his opinion on the way I draw the ascending TL : I have 2 and I don't know which one is valid.

Otherwise, with a break of the descending TL, this could be a trade ?

Thanks,
Hi ,

I will share my opinion with you why I didn't take this Setup :

First There is much Traffic around Price can stop any where ,

Second The size of The Pin Bar didn't convince me to take trade and risk some money ,

Regards
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  • #120,376
  • Nov 5, 2012 4:08pm Nov 5, 2012 4:08pm
Hey Mike, thanks a lot for your explanation

@ ForexFrog: Merci bien! Tu es français ?.
  • #120,377
  • Nov 5, 2012 4:16pm Nov 5, 2012 4:16pm
Quoting mbqb11
I got a lot about this one in my inbox and just emailed the group

Here was my chart Frog

Best
Mike
Hi Mike

I saw this too and did not like it at all. I would rather wait to see if price bounces off the trendline and candle closes below the big round number which would be a break out pull back and continuation. Price would have a clear path to fall.

Would do you think mike.

John
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #120,378
  • Nov 5, 2012 4:55pm Nov 5, 2012 4:55pm
Quoting Seabreeze
Hi Mike

I saw this too and did not like it at all. I would rather wait to see if price bounces off the trendline and candle closes below the big round number which would be a break out pull back and continuation. Price would have a clear path to fall.

Would do you think mike.

John
Hey John

That is exactly the type of situation that I would be looking for

Doesn't mean we can't move higher. But the idea is to put our money in when we are most comfortable with the situation

Well done
Mike
  • #120,379
  • Nov 5, 2012 8:13pm Nov 5, 2012 8:13pm
Quoting bullzeye
GOLD/SILVER

my precious metals day...

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hi bullzeye, both of the metal is in a bearish trend, what made you take a decision to buy?

thank you
  • #120,380
  • Edited 9:51pm Nov 5, 2012 9:34pm | Edited 9:51pm
EURUSD H4

Sorry. 1.2705
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