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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

  • #124,161
  • Mar 26, 2013 8:48pm Mar 26, 2013 8:48pm
Quoting LamerTrader
Great question - mine is the same:
In these cases do we wait for a retrace and then enter, or just enter like Martin did?
Mike, Jarroo?
For me this one didn't contain enough information to comfortably play a continuation entry. These are ones that can be very tricky as a substantial retrace can occur and without a better story it made me reluctant. With other outside bars occurring that day that had easier mgmt options like nzd/chf and aud/chf this becomes an easy pass for me. The key is the BRN of 1.55 if it does retrace but this one I told people in the forum that wasn't enough information for me to feel comfortable to game plan around myself

Best
Mike
  • #124,162
  • Mar 26, 2013 8:49pm Mar 26, 2013 8:49pm
Quoting Pinbar
Parity just means 1AUD=1CHF
Thanks Steve
  • #124,163
  • Mar 26, 2013 9:23pm Mar 26, 2013 9:23pm
Quoting Pinbar
Parity just means 1AUD=1CHF
Thanks Pinbar.

I appreciate Mike's and your help.

Kenny
  • #124,164
  • Mar 26, 2013 10:03pm Mar 26, 2013 10:03pm
Quoting fxkaka
Price is making higher highs but now it is on HCR, I think it is weekly level.
I am hesitating to short it here... but I will take a chance and if one hour closes above it, I will be out.
Edit: I was able to exit at break-even on my short trade (as 1 hour candle) closes above the level.

Now I have buy limit order at 0.83517
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  • #124,165
  • Mar 26, 2013 11:13pm Mar 26, 2013 11:13pm
Waiting for PA at 1.2700 level on EURO. Confluence, RN, well-defined ppz, 61.8 retracement.
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  • #124,166
  • Mar 27, 2013 4:45am Mar 27, 2013 4:45am
Quoting Donkey
Waiting for PA at 1.2700 level on EURO. Confluence, RN, well-defined ppz, 61.8 retracement.Attachment

That is Long Way Down Mate.. 100 pips more ..

Sonic
  • #124,167
  • Mar 27, 2013 5:32am Mar 27, 2013 5:32am
Quoting Donkey
Waiting for PA at 1.2700 level on EURO. Confluence, RN, well-defined ppz, 61.8 retracement.Attachment
I make a wish :-D
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  • #124,168
  • Mar 27, 2013 6:04am Mar 27, 2013 6:04am
Quoting dipie
I make a wish :-D
Attachment
Hi dipie, it would be nice, it would be also H&S so you could try TP projection

Mav
  • #124,169
  • Mar 27, 2013 6:13am Mar 27, 2013 6:13am
Quoting Mav13
Hi dipie, it would be nice, it would be also H&S so you could try TP projection

Mav
hi mate, i would go from the right shoulder and wanna take it to 1,2040 LOLOLOLOL :-)
  • #124,170
  • Mar 27, 2013 6:15am Mar 27, 2013 6:15am
any thoughts here :-)

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  • #124,171
  • Mar 27, 2013 6:18am Mar 27, 2013 6:18am
Quoting sonicdeejay
That is Long Way Down Mate.. 100 pips more ..

Sonic
Agreed...I don't look at charts but one or 2x a day so the wait "could" be short in my trading time frame.
  • #124,172
  • Mar 27, 2013 7:44am Mar 27, 2013 7:44am
GBPUSD

Great price level/area! Took a short at this level and trendline.

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Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #124,173
  • Mar 27, 2013 7:51am Mar 27, 2013 7:51am
Don't know much about jaroo's style but usd/cad d1 chart look like lcs around 0190 broke with a retest h4 shows lcs around 0190. 0200 and a previous minor hcr in the 0190 . On my phone so I can't post a pic or see the exact location of these levels just caught my eye wondering if any jarooers would taken it. And reasoning y or y not. Thanks
  • #124,174
  • Mar 27, 2013 8:33am Mar 27, 2013 8:33am
Quoting 4xjoema
Thank you sir! So because the Tl was tested and held so many times your were expecting this to be a fast move up to the brn ? Is this why you preferred the close?
take profit hit.


Nice area to begin to watch at the BRN of 8000 for more clues(see previous chart)
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  • #124,175
  • Mar 27, 2013 8:34am Mar 27, 2013 8:34am
Quoting dipie
any thoughts here :-)

Attachment
how about urs first ?
Hero calls followed by margin calls...
  • #124,176
  • Mar 27, 2013 8:59am Mar 27, 2013 8:59am
Quoting PhAnTi'
how about urs first ?
well, good point I am not here to ask for confirmations :-) just wanted to discuss,
anyway I was expecting the false break thru the TL and close below the S/R line, then I noticed a really small pin on M30, which was a really nice pullback,so I jumped in, I was gonna close the half of my position on 1,01613 and set BE. But the CPI took me out, because before I could do it, it hit my TP... I hope that my english is understandable
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  • #124,177
  • Mar 27, 2013 9:12am Mar 27, 2013 9:12am
Quoting dipie
well, good point I am not here to ask for confirmations :-) just wanted to discuss,
anyway I was expecting the false break thru the TL and close below the S/R line, then I noticed a really small pin on M30, which was a really nice pullback,so I jumped in, I was gonna close the half of my position on 1,01613 and set BE. But the CPI took me out, because before I could do it, it hit my TP... I hope that my english is understandable
Attachment

anyway as long as ur inital tp got hit everything should be fine ...

your english is well ...

best,
jonas
Hero calls followed by margin calls...
  • #124,178
  • Mar 27, 2013 10:40am Mar 27, 2013 10:40am
Quoting mbqb11
take profit hit.


Nice area to begin to watch at the BRN of 8000 for more clues(see previous chart)
Hi Mike, thank you. Definately keeping my eye on this one. Off subject I know but I think today was the first time I ever seen the temp here in s.Fla. colder than up there. Weird.
  • #124,179
  • Mar 27, 2013 10:44am Mar 27, 2013 10:44am
Quoting 4xjoema
Hi Mike, thank you. Definately keeping my eye on this one. Off subject I know but I think today was the first time I ever seen the temp here in s.Fla. colder than up there. Weird.
we are due for some nice weather here! Beautiful here in NYC today
  • #124,180
  • Mar 27, 2013 11:03am Mar 27, 2013 11:03am
Quick profit on Dax, second half at BE.

I've blown my January profit in February, at least March will be positive... 3 consecutive months in profit said Sir Jim... well, still need the next two ones
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Slow & steady
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