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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

  • #121,961
  • Dec 27, 2012 6:50am Dec 27, 2012 6:50am
Hi MEshka.

Beautifully targeted but the minor swing points prove to be tricky , I think the way PINBAR look at swing points on the weekly prove to be more reliable I feel. Dont you?

I reckon your targets still in place given the weekly pin bar in place at a nice SP area yummy yum ))

Good luck
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  • #121,962
  • Edited Dec 28, 2012 12:25am Dec 27, 2012 3:40pm | Edited Dec 28, 2012 12:25am
Going down the time frames is interesting at these levels.
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  • #121,963
  • Dec 27, 2012 4:50pm Dec 27, 2012 4:50pm
Quoting Pinbar
Going down the time frames is interesting at these levels.
Hi Pinbar,

What broker feed do you have in those charts ? Thanks

V
  • #121,964
  • Dec 27, 2012 7:46pm Dec 27, 2012 7:46pm
EURAUD is approaching almost a perfect PPZ at 1.3000. Weekly chart shows confluence with the PPZ and 50% retracement (31.8% is valid from previous swing high as well). Previously weekly LCS and current Weekly HCR are there.


A few scenarios I'll be watching.....

 

  1. Daily PA at RN 1.2800 and current daily HCR....a close above this would be nice indicator that we'll see 1.3000 quickly.
  2. Macthing daily highs (w/in 2 pips anyway), at 1.2870....these will be nice targets/management areas,if we move above 1.2800.
  3. Most obvious will be watching the BRN 1.3000. Will be looking for bearish PA initially there it has been strong support in the past and most recently strong resstance. I count 4 prevouls daily LCS and a previous daily HCR at 1.3000ish...
  4. But....if the BRN doesn't hold, I like the look of reverse head and shoulders....could easily see a 1.4000 or higher if that area gives.

Looks like this may be my favorite pair for 2013.

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  • #121,965
  • Dec 27, 2012 11:59pm Dec 27, 2012 11:59pm
aud/chf on daily
arrived at an interesting area. will wait for the weekly close.
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meine augen sind die sterne
  • #121,966
  • Dec 28, 2012 12:25am Dec 28, 2012 12:25am
Quoting menomoo
Hi Pinbar,

What broker feed do you have in those charts ? Thanks

V
It is FXPRO
  • #121,967
  • Dec 28, 2012 2:43am Dec 28, 2012 2:43am
Hi everyone!

Pinbar, a question to you, did you watch this pair EUR/NZD ? There is a formed Pin bar.
It's unhealthy to step in market now, maybe, but I would like know your opinion.

Have a very happy holidays everyone!

Thanks in advance!
Nick
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  • #121,968
  • Dec 28, 2012 2:59am Dec 28, 2012 2:59am
Quoting Pinbar
It is FXPRO
Thanks S
  • #121,969
  • Dec 28, 2012 5:45am Dec 28, 2012 5:45am
Hello everyone.
I'd like to share a trading idea for next week on USDCAD. The pair is showing buyers' activity, dropping a good PB on yesterday's close, breaking previous fractal high at a pivot level+mean value+possible short term trendline.

I'd like to see price retrace to 50% of the PB for an entry, or exploiting today's PA for a tigher stop on a next week entry (ie. IB).

There is space for large profit, if the setup works: next critical R is at mid-figure 1.005 noted on the chart.

Lemme know your opinion about it
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  • #121,970
  • Dec 28, 2012 5:52am Dec 28, 2012 5:52am
Quoting Nick1
Hi everyone!

Pinbar, a question to you, did you watch this pair EUR/NZD ? There is a formed Pin bar.
It's unhealthy to step in market now, maybe, but I would like know your opinion.

Have a very happy holidays everyone!

Thanks in advance!
Nick
Ok
First, compare the size of that Possible PB in comparison to the previous bullish bar.

Secondly, look at the consolidation box and the HCR in that box.

Thirdly, we can see that price has broken out of this area with a bullish rally for the first time in many months.

Don't we look for these areas and watch for price to break through them and, pullback to it, then look for signatures of the area flipping from former resistance to support?
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  • #121,971
  • Dec 28, 2012 6:09am Dec 28, 2012 6:09am
[quote=Donkey;6325061]
Quote
EURAUD is .....
I like too...with a very fine H&S...1.30 BRN will be interesting to keep an eye on !

Thanks for your post !
Nothing personal,just business
  • #121,972
  • Dec 28, 2012 7:16am Dec 28, 2012 7:16am
Quoting CryAgony
Hello everyone.
I'd like to share a trading idea for next week on USDCAD. The pair is showing buyers' activity, dropping a good PB on yesterday's close, breaking previous fractal high at a pivot level+mean value+possible short term trendline.

I'd like to see price retrace to 50% of the PB for an entry, or exploiting today's PA for a tigher stop on a next week entry (ie. IB).

There is space for large profit, if the setup works: next critical R is at mid-figure 1.005 noted on the chart.

Lemme know your opinion about it
That is not a PB at all.
It is at best a BUEOB however, it is at a SH, where we do not want to see bullish PA.

This is a PB at a SL, where we want to see them.

Also, why would you want to trade into this trend line and the Very Big Round Number?

Might be an idea to read the thread and find out what PA is, and where you should look for it.
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  • #121,973
  • Dec 28, 2012 7:52am Dec 28, 2012 7:52am
Uhm. Thanks for your reply. To be honest I missed the main trendline :S
  • #121,974
  • Dec 28, 2012 7:59am Dec 28, 2012 7:59am
Quoting CryAgony
Uhm. Thanks for your reply. To be honest I missed the main trendline :S


Not to worry, read the thread.
That is what it is here for.
  • #121,975
  • Dec 28, 2012 1:17pm Dec 28, 2012 1:17pm
the sign on yen to go short hope it will not fade away and I will sell it after markets open next week... somewhere higher....
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all is eternal - this is good news for people who loves bad news
  • #121,976
  • Dec 28, 2012 1:23pm Dec 28, 2012 1:23pm
Quoting meshka
the sign on yen to go short hope it will not fade away and I will sell it after markets open next week... somewhere higher....

oh that could be juicy. I don't usually trade till next year but maybe I need to make an exception
  • #121,977
  • Dec 28, 2012 1:31pm Dec 28, 2012 1:31pm
[quote=menomoo;6323473]Hi MEshka.

Beautifully targeted but the minor swing points prove to be tricky , I think the way PINBAR look at swing points on the weekly prove to be more reliable I feel. Dont you?


I use Daily Weekly 4H charts... 4 hours charts I use for managing my entries... main workhorse of mine is Daily timeframe... when it aligns with weekly hotspots it becomes super explosive. Now we have beautiful pin on weekly at beautiful spot... so my bias is to sell cable untill we will see some strong opposite action...
all is eternal - this is good news for people who loves bad news
  • #121,978
  • Dec 28, 2012 1:47pm Dec 28, 2012 1:47pm
Quoting Pinbar
Ok
Don't we look for these areas and watch for price to break through them and, pullback to it, then look for signatures of the area flipping from former resistance to support?
Thanks P. Seems like an educational process will never end
And this is the best thing in this business I can imagine.

Thanks again
Nick
  • #121,979
  • Dec 28, 2012 5:57pm Dec 28, 2012 5:57pm
[quote=meshka;6326867]
Quoting menomoo
Hi MEshka.

Beautifully targeted but the minor swing points prove to be tricky , I think the way PINBAR look at swing points on the weekly prove to be more reliable I feel. Dont you?


I use Daily Weekly 4H charts... 4 hours charts I use for managing my entries... main workhorse of mine is Daily timeframe... when it aligns with weekly hotspots it becomes super explosive. Now we have beautiful pin on weekly at beautiful spot... so my bias is to sell cable untill we will see some strong opposite action...

Meshka

You know, I have been thinking about this and am mentioning it because you touched on it in this post.

I tend to look at the Monthly & Weekly TFs initially and try to find multiply TF levels.
However, doing it the way Meshka does is exactly the same because, he is looking at the daily levels then, checking to see if they line up with the weekly levels.

It is just like taking the first bite of a hotdog from the left or from the right, either way, you end up in the middle.
  • #121,980
  • Dec 28, 2012 8:51pm Dec 28, 2012 8:51pm
Quoting mbqb11
oh that could be juicy. I don't usually trade till next year but maybe I need to make an exception
I'm with Mike about no trading Period
but in my experience,GAP has to be filled
it could work
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