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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

  • #123,581
  • Mar 5, 2013 2:03pm Mar 5, 2013 2:03pm
Did anyone here take any AUD trades? Which ones and why did you take them?
  • #123,582
  • Mar 5, 2013 2:14pm Mar 5, 2013 2:14pm
Quoting Flamegs23
Did anyone here take any AUD trades? Which ones and why did you take them?
I had projected the range for this week in the AUD as 1.0153 to 1.0302 or 149 pts. As we got as low as 1.0113 I added 149 pts to get a new potential high of 1.0262 as a reasonable level to be short for the rest of the week or into next week. I would stop out above 1.0300 and have a profit target of1.01 for next week maybe. Trading the projected weekly ranges is not my main style however.
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  • #123,583
  • Mar 5, 2013 3:18pm Mar 5, 2013 3:18pm
Quoting Flamegs23
Did anyone here take any AUD trades? Which ones and why did you take them?
ok I took and closed already right here @ 1.0250 FTA for ~50 pips or so... will watch what will happen next. entered because of the nice pin at nice support level and i think these 50 pips was almost guaranteed above is the range-box ... so if it will close above fta today... will not enter these fights there.
all is eternal - this is good news for people who loves bad news
  • #123,584
  • Mar 5, 2013 3:38pm Mar 5, 2013 3:38pm
DKK/THB.....exotic I know.

I took a trade at 5.2051 for long. Huge pin bar on daily. Lets see what happens. Sorry about the copyright notice on the picture.
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  • #123,585
  • Mar 5, 2013 3:54pm Mar 5, 2013 3:54pm
Quoting meshka
ok I took and closed already right here @ 1.0250 FTA for ~50 pips or so... will watch what will happen next. entered because of the nice pin at nice support level and i think these 50 pips was almost guaranteed above is the range-box ... so if it will close above fta today... will not enter these fights there.
awesome Meshka i did very similar too


Mike
  • #123,586
  • Mar 5, 2013 4:12pm Mar 5, 2013 4:12pm
watching this at the moment... maybe worth to try?
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all is eternal - this is good news for people who loves bad news
  • #123,587
  • Mar 5, 2013 4:19pm Mar 5, 2013 4:19pm
Quoting meshka
watching this at the moment... maybe worth to try?
Wouldn't the FTA be the closest swing on the left?
  • #123,588
  • Mar 5, 2013 4:26pm Mar 5, 2013 4:26pm
Quoting Flamegs23
Wouldn't the FTA be the closest swing on the left?
yes... 1.2675 area is where i would go to BE.
all is eternal - this is good news for people who loves bad news
  • #123,589
  • Mar 5, 2013 4:32pm Mar 5, 2013 4:32pm
Quoting meshka
ok I took and closed already right here @ 1.0250 FTA for ~50 pips or so... will watch what will happen next. entered because of the nice pin at nice support level and i think these 50 pips was almost guaranteed above is the range-box ... so if it will close above fta today... will not enter these fights there.
Hi Mesha

What do you think about this one?
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  • #123,590
  • Mar 5, 2013 4:37pm Mar 5, 2013 4:37pm
Quoting meshka
yes... 1.2675 area is where i would go to BE.
Awesome. Thanks Meshka
  • #123,591
  • Mar 5, 2013 4:47pm Mar 5, 2013 4:47pm
These are some trades I'm in currently. I'm in the AUD one too All stops at BE or greater.
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If you can't tell what the herd is doing...you probably are the herd.
  • #123,592
  • Mar 5, 2013 5:45pm Mar 5, 2013 5:45pm
Quoting long2339
Hi Mesha

What do you think about this one?
yes its a valid scenario and possible we can reach the ceiling of this box even...but i jumped out of this train. this was my plan and i stick to it. will watch how it will behave in box.
all is eternal - this is good news for people who loves bad news
  • #123,593
  • Mar 5, 2013 6:26pm Mar 5, 2013 6:26pm
Quoting LamerTrader
Hi 3013!

I can only +1 what Magestic said.
In my short trading carrier i noticed something: Never trade a bar that is not finished yet. Maybe you see a nice pin on daily in the middle of the day and at the end it turns out as a BEOB and you go down down down. Now I usually wait until my broker closes and then I analyse

Cheers,
Stephen
Thank you...
  • #123,594
  • Mar 5, 2013 11:12pm Mar 5, 2013 11:12pm
Quoting meshka
ok I took and closed already right here @ 1.0250 FTA for ~50 pips or so... will watch what will happen next. entered because of the nice pin at nice support level and i think these 50 pips was almost guaranteed above is the range-box ... so if it will close above fta today... will not enter these fights there.
i closed some 30ish pips higher because of the trouble area. nice!
meine augen sind die sterne
  • #123,595
  • Mar 6, 2013 12:20am Mar 6, 2013 12:20am
Nice felix
What is any ocean but a multitude of drops?
  • #123,596
  • Mar 6, 2013 2:49am Mar 6, 2013 2:49am
Eur/Jpy,

A week long of huge consolidation and consecutive longer lower wicks, holding on to mini trendline and then higher lows - For me, all these show a sign of breakout upper side.

A 4 hour close above 122.50 will interest me to go long.

I prefer shortside only below 119.70.

Love to hear from your end.

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Regards Inditrader
  • #123,597
  • Edited 12:27pm Mar 6, 2013 3:59am | Edited 12:27pm
NZD/CHF
We are near an interesting area, I suppose.
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If not up, then down, otherwise sideways :-)
  • #123,598
  • Mar 6, 2013 8:05am Mar 6, 2013 8:05am
Quoting inditrader
Eur/Jpy,

A week long of huge consolidation and consecutive longer lower wicks, holding on to mini trendline and then higher lows - For me, all these show a sign of breakout upper side.

A 4 hour close above 122.50 will interest me to go long.

I prefer shortside only below 119.70.

Love to hear from your end.

Attachment
The quiet before the storm

Lot of consolidation across the board, it's only a matter of time before we get some big moves out of this


Best
Mike
  • #123,599
  • Mar 6, 2013 8:15am Mar 6, 2013 8:15am
Quoting Magestic
NZD/CHF
We are near an interesting area, I suppose.
Just also be careful as price has proven to lose momentum at this area. THis is what happened last time we were here and a few people tried to buy breakouts. Make sure price tips its hand
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  • #123,600
  • Mar 6, 2013 11:02am Mar 6, 2013 11:02am
Quoting mbqb11
Just also be careful as price has proven to lose momentum at this area. THis is what happened last time we were here and a few people tried to buy breakouts. Make sure price tips its hand
see how once again those sellers pop in. You'll know when this area is cracked
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