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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

  • #121,581
  • Dec 7, 2012 1:36pm Dec 7, 2012 1:36pm
Quoting bullzeye
USD/DKK

i say it already: i love fibs

Attachment

uncanny...

Olu
If you think you can or cannot do it you are correct
  • #121,582
  • Dec 7, 2012 2:56pm Dec 7, 2012 2:56pm
Quoting aserbfx
been there, done that...
keep it simple...
another 10% +
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meine augen sind die sterne
  • #121,583
  • Dec 7, 2012 5:01pm Dec 7, 2012 5:01pm
http://www.forexfactory.com/C:UsersE...FXxauusd 1.gif

XauUsd
Trendline bounce
Closed above 1700

Any thoughts?
  • #121,584
  • Dec 7, 2012 5:09pm Dec 7, 2012 5:09pm
Sorry... First try to upload an image...

XAU USD
Close above 1700
Outside bar
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  • #121,585
  • Dec 7, 2012 11:35pm Dec 7, 2012 11:35pm
Hi Mike,

I would like to know your thoughts on PA bars formed late on Fridays on the 4 hour charts. Would you consider taking a trade the next week or would you just ignore it as profit taking at the end of the week?
  • #121,586
  • Dec 8, 2012 3:07am Dec 8, 2012 3:07am
hey elway, although it has chances to work as you put it too, i see it this way. it's better and safer to put in a buystop order above the high of the highlighted PPZ, with a 50% closeout and a move to BE at first FTA @ 1730. the FTA is a preety big pivot and could cause a little trouble imo.
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  • #121,587
  • Dec 8, 2012 3:34am Dec 8, 2012 3:34am
Quoting hopamitica
hey elway, although it has chances to work as you put it too, i see it this way. it's better and safer to put in a buystop order above the high of the highlighted PPZ, with a 50% closeout and a move to BE at first FTA @ 1730. the FTA is a preety big pivot and could cause a little trouble imo.
My views...
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If you think you can or cannot do it you are correct
  • #121,588
  • Edited 5:58am Dec 8, 2012 5:40am | Edited 5:58am
What do you think about eur/usd's and eur/gbp's friday candles? Would you consider them as a possible long setup as they confluence nicely with daily levels and have some sort of a pinbar'ish appearance?
  • #121,589
  • Dec 8, 2012 7:38am Dec 8, 2012 7:38am
~Hi Mike, thanks for the chart. I always look forward to your chart posts...

When I draw TL's I use the 'top points', I notice yours seem fitted to encompass more touches (like your latest chart post). Do you have any tips/advice on this?

What do you think of this AUDUSD Daily Wedge?

Cheers, Munk.

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  • #121,590
  • Dec 8, 2012 8:10am Dec 8, 2012 8:10am
Quoting daveone
What do you think about eur/usd's and eur/gbp's friday candles? Would you consider them as a possible long setup as they confluence nicely with daily levels and have some sort of a pinbar'ish appearance?

on weekly, both e/u and e/g are giving bearish signals. e/u is posting a DBLLC (3 pips error i know) and e/g is a BEOB showing the price is likely to stay longer in the range. in e/g D1 you even have a daily close beneath the daily PPZ zone. that's a preety good signal to short it for some 55 pips into the 0.8 VBRN. likewise in e/u i would watch intraday PA to short it at a breakout of the 1.2875 level into 1.28 which is a weekly PPZ.
hope it helps!
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  • #121,591
  • Dec 8, 2012 10:50am Dec 8, 2012 10:50am
Quoting hopamitica
on weekly, both e/u and e/g are giving bearish signals. e/u is posting a DBLLC (3 pips error i know) and e/g is a BEOB showing the price is likely to stay longer in the range. in e/g D1 you even have a daily close beneath the daily PPZ zone. that's a preety good signal to short it for some 55 pips into the 0.8 VBRN. likewise in e/u i would watch intraday PA to short it at a breakout of the 1.2875 level into 1.28 which is a weekly PPZ.
hope it helps!

Thank you very much, everything sounds very reasonable . Any other opinions?
  • #121,592
  • Dec 8, 2012 12:17pm Dec 8, 2012 12:17pm
Hey Hopamitica,
We have a BEOB in PPZ weekly chart on EURCAD as well.
  • #121,593
  • Dec 8, 2012 1:20pm Dec 8, 2012 1:20pm
Quoting iuliu00
Hey Hopamitica,
We have a BEOB in PPZ weekly chart on EURCAD as well.
that's a bit trickier...although the BEOB is nicely positioned, (rejection from a previous resistance area and BRN) the daily shows a rejection in a pretty strong support zone @ 1.2722 in confluence with a TL. The FTA is fairly close too imo (50-60pips), should the bears break the 2722 level.
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  • #121,594
  • Dec 8, 2012 4:51pm Dec 8, 2012 4:51pm
Hi Mike

You said: 'Price gapped here so TL makes sense from the previous high before the gap'

Why does it make sense?

Thanks for your help.

Here is the reference: http://www.forexfactory.com/attachme...3&d=1354900855
  • #121,595
  • Dec 8, 2012 5:49pm Dec 8, 2012 5:49pm
Hi there

This is my checklist at the present time:

 

  1. EURCAD Weekly BUOB
  2. GBPCHF Daily ,watch out 1.50 level
  3. NZDCHF Daily approaching a key level
  4. EURUSD retracement at a Fibo level,this could be tricky
  5. CADJPY BEOB forming at a key level



Broker GMT +1

By the way,after a week like that (+377 pips for me ) ,I need Monday opening to make my full analysis and take my trading decisions.

Have a nice weekend

Account deleted
  • #121,596
  • Dec 9, 2012 8:30am Dec 9, 2012 8:30am
Hi everybody,

I am now reading the full thread. I have a question to those who may know :

Quoting james16
NUMBER 3000. ITS A PROUD DAY FOR ME. I LOVE THIS PLACE. TOOK ME ALMOST TWO YEARS BUT I MADE IT.
James16 is here writing about his 3000 post, but technically it is the 1406. Does that means that half of posts has been suppressed after some time ? (For example to move them to the PF...)

Thanks
  • #121,597
  • Dec 9, 2012 9:15am Dec 9, 2012 9:15am
Quoting ForexFrog
Hi everybody,

I am now reading the full thread. I have a question to those who may know :



James16 is here writing about his 3000 post, but technically it is the 1406. Does that means that half of posts has been suppressed after some time ? (For example to move them to the PF...)

Thanks
Hey there,

I do remember Mike saying somewhere that his post count has been stripped off some posts from earlier. Back then I think some technical glitch with FF made it happen. Of course those who experienced it would be able to answer your question better.

g.
I believe . . .
  • #121,598
  • Dec 9, 2012 11:40am Dec 9, 2012 11:40am
Quoting ghous
Hey there,

I do remember Mike saying somewhere that his post count has been stripped off some posts from earlier. Back then I think some technical glitch with FF made it happen. Of course those who experienced it would be able to answer your question better.

g.
Hi Ghous,

Thanks for answering... When reading in detail first pages, I am just a bit surprised that there are so many posts praising the material posted by James after he posted 3 charts. This is why I would find it logical that some posts were erased, whatever the reasons.
  • #121,599
  • Dec 9, 2012 12:04pm Dec 9, 2012 12:04pm
Quoting ghous
Hey there,

I do remember Mike saying somewhere that his post count has been stripped off some posts from earlier. Back then I think some technical glitch with FF made it happen. Of course those who experienced it would be able to answer your question better.

g.
yep at some point everyone's posts were basically cut in half. THe posts were not lost just not counted in the post numbers now. No idea why

Mike
  • #121,600
  • Dec 9, 2012 12:13pm Dec 9, 2012 12:13pm
Mike
Hello

What is your opinion
Gold
A .PPZ
BRN
BUOB DAILY
PB 4 HR

We would be glad to receive your feedback

Sorry for my bad English
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