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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

  • #126,501
  • Jun 29, 2013 9:28pm Jun 29, 2013 9:28pm
Interesting charts I'm watching.
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  • #126,502
  • Jun 30, 2013 1:59am Jun 30, 2013 1:59am
Hi Jon,

thanks for your reply



Quoting g_j_hook@yah
Also the BUOB isnt so convincing after the size of those previous down bars, and it formed on a frid so a lot of it could just be profit taken

What a BUOB are you talking about? At what TF?

Thanks
Don't give up
  • #126,503
  • Jun 30, 2013 3:52am Jun 30, 2013 3:52am
Quoting geomink
Hi Jon, thanks for your reply {quote} What a BUOB are you talking about? At what TF? Thanks
The daily bar you mentioned.


jon
PATIENCE... DISCIPLINE
  • #126,504
  • Jun 30, 2013 4:56am Jun 30, 2013 4:56am
Quoting g_j_hook@yah
{quote} The daily bar you mentioned. jon
Sorry, I was not clear.
I thought a daily BEOB
Don't give up
  • #126,505
  • Jun 30, 2013 11:40am Jun 30, 2013 11:40am
ulta on weekly
watching this for a breakout about ~103 usd.
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meine augen sind die sterne
  • #126,506
  • Jun 30, 2013 1:48pm Jun 30, 2013 1:48pm
chart to watch

beautiful trendline. That's the kind of stuff I wait for. Anyone can curve fit a trendline to the chart. Waiting for the clear obvious ones in my view makes such a huge difference for consistency

the obvious stuff is always the easiest to trade. Be it an obvious big pinbar, or an obvious TL. That's something I wish I figured out ten years ago
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  • #126,507
  • Jun 30, 2013 2:39pm Jun 30, 2013 2:39pm
Quoting mbqb11
chart to watch beautiful trendline. That's the kind of stuff I wait for. Anyone can curve fit a trendline to the chart. Waiting for the clear obvious ones in my view makes such a huge difference for consistency the obvious stuff is always the easiest to trade. Be it an obvious big pinbar, or an obvious TL. That's something I wish I figured out ten years ago {image}


Nice, thank you.

What do you think about aud/jpy?

Many thanks
Don't give up
  • #126,508
  • Jun 30, 2013 3:16pm Jun 30, 2013 3:16pm
Quoting geomink
{quote} Nice, thank you. What do you think about aud/jpy? Many thanks
Hey G

Price is stuck in a real tight range to me. Not a whole lot I would be looking to do till we get out of it


I think other yen pairs are more clear like the gbp/jpy chf/jpy in terms of the pattern of consolidation

Best
Mike
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  • #126,509
  • Jun 30, 2013 4:32pm Jun 30, 2013 4:32pm
Quoting mbqb11
{quote} Hey G Price is stuck in a real tight range to me. Not a whole lot I would be looking to do till we get out of it I think other yen pairs are more clear like the gbp/jpy chf/jpy in terms of the pattern of consolidation Best Mike {image}

thank you very much
Don't give up
  • #126,510
  • Jun 30, 2013 6:12pm Jun 30, 2013 6:12pm
Quoting geomink
{quote} Sorry, I was not clear. I thought a daily BEOB
this one mate...tha BEOB you talked about

jon
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PATIENCE... DISCIPLINE
  • #126,511
  • Jun 30, 2013 6:19pm Jun 30, 2013 6:19pm
jeeeez.....im gonna be gettin PMI pains all week by the looks of it!! lol.
theres a lot on the calender to be aware of this week, just thought id give the heads up.


jon
PATIENCE... DISCIPLINE
  • #126,512
  • Jun 30, 2013 6:40pm Jun 30, 2013 6:40pm
Quoting g_j_hook@yah
jeeeez.....im gonna be gettin PMI pains all week by the looks of it!! lol. theres a lot on the calender to be aware of this week, just thought id give the heads up. jon
what calendar
  • #126,513
  • Jun 30, 2013 7:07pm Jun 30, 2013 7:07pm
classic breakout formation
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  • #126,514
  • Jun 30, 2013 8:57pm Jun 30, 2013 8:57pm
USD/CHF Looks promising.
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  • #126,515
  • Jun 30, 2013 9:16pm Jun 30, 2013 9:16pm
Quoting mbqb11
classic breakout formation {image}

I like this !!

Another one that was on my watch list was BRCD. Thought we would go long 2 weeks ago but stayed within this wedge.

Running out of room, should pop soon but not sure which way. Time will tell.
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  • #126,516
  • Jun 30, 2013 9:52pm Jun 30, 2013 9:52pm
thank you for starting this thread and sharing.
Money never sleeps
  • #126,517
  • Edited 9:41am Jul 1, 2013 9:22am | Edited 9:41am
EG was really educational.
I took the touch trade off of the SFP once it failed to close above the upper weekly level. just took TP.

EDIT: This was an H1 setup but, it was based on the weekly levels.
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  • #126,518
  • Jul 1, 2013 9:28am Jul 1, 2013 9:28am
Similar scenario on USD/CHF.
Although, it is weaker I feel as, it does not have the double top that EG had.
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  • #126,519
  • Jul 1, 2013 1:48pm Jul 1, 2013 1:48pm
strong potential area, even a potential H&S. We have massive resistance then a huge move up followed my equal move down back through that previous resistance that is now holding as resistance at the BRN. Could be a good area to watch for a breakout of the neckline with the BRN. Or even a big buob

will watch close into the next session
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  • #126,520
  • Jul 1, 2013 2:16pm Jul 1, 2013 2:16pm
Hi everyone, I am a newbie, I have been reading different threads on FF, and study this one for a while, this thread is the one that make more sense to me about what is trading and price action. I love the simplicity of the naked charts, still I am studying this thread and learning a lot, just want to say thanks to everyone who make part of this, reading the last posts, a big thanks to mike, Jon, pinbar and winston, you inspired me and I hope one day I can read the charts like you do, thank you so much for sharing you charts.
All the best.
Rcubic
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