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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

  • #131,121
  • Jun 3, 2014 10:45am Jun 3, 2014 10:45am
Hi all,

Here's a usd.chf chart I think holds promise. For a long.

- Appears to be stabilising over a PPZ
- Double bottom chart pattern that has broken out (wrong thread for that I know) in favour of a long targeting 0.9125 or higher
- Trendline break appears supportive of move up

Interested in other interpretations, please.

thanks all for a great thread
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  • #131,122
  • Jun 3, 2014 12:19pm Jun 3, 2014 12:19pm
Quoting dog4
Hi all, Here's a usd.chf chart I think holds promise. For a long. - Appears to be stabilising over a PPZ - Double bottom chart pattern that has broken out (wrong thread for that I know) in favour of a long targeting 0.9125 or higher - Trendline break appears supportive of move up Interested in other interpretations, please. thanks all for a great thread {image}
Hello dog4,
I really feel amateur and rather frozen to take any trade but here is my view.
There is BRN just above the price which needs to be considered as potential target for price.
And we have box where price is chopping now, if price approach to bottom nicely we could wait for PA with min target BRN.
My only idea how to play this is on PA after pullback if we have eventually break out from this BRN.

Regards.
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  • #131,123
  • Jun 3, 2014 2:10pm Jun 3, 2014 2:10pm
Quoting vanilla.sky
{quote} Hello dog4, I really feel amateur and rather frozen to take any trade but here is my view. There is BRN just above the price which needs to be considered as potential target for price. And we have box where price is chopping now, if price approach to bottom nicely we could wait for PA with min target BRN. My only idea how to play this is on PA after pullback if we have eventually break out from this BRN. Regards. {image}
Thank you for your insight
  • #131,124
  • Jun 3, 2014 10:08pm Jun 3, 2014 10:08pm
GBPAUD H4 entry, but stopped out.

Yellow lines mark the daily S/R.

Price did give a bull confirmation , but soon failed as no follow through came.

Was there any way to avoid this?.

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but GBPUSD is another story, going fine so far.

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EURJPY also doing fine...at BE now

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  • #131,125
  • Jun 3, 2014 10:09pm Jun 3, 2014 10:09pm
Dear all,
I was looking on some good posts that describe concept of boxes and how to deal with them. Please drop me few links if you have any.
Thanks.
  • #131,126
  • Jun 4, 2014 6:03am Jun 4, 2014 6:03am
hey guys,

Here's a setup that's close to breaking out.
Chart is a bit crowded with lines & colours, but I couldn't really delete any of them without 'missing' something.
Anyone else looking at this?

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It's a sport, an artform and a science.
  • #131,127
  • Jun 4, 2014 6:22am Jun 4, 2014 6:22am
EUR/CHF is becoming increasingly interesting as well.

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It's a sport, an artform and a science.
  • #131,128
  • Jun 4, 2014 7:22am Jun 4, 2014 7:22am
USD/CAD is in the process of painting a BUOB around a major PPZ + 365 EMA.
BRN 1.1 is close tho.

I'm watching this closely on the H4 chart, to see if it closes as a BUOB.

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It's a sport, an artform and a science.
  • #131,129
  • Jun 4, 2014 8:16am Jun 4, 2014 8:16am
Quoting Donaciello
USD/CAD is in the process of painting a BUOB around a major PPZ + 365 EMA. BRN 1.1 is close tho. I'm watching this closely on the H4 chart, to see if it closes as a BUOB. {image} {image}
Donaciello,

These charts are beautiful. Thank you for sharing.

Best,
EG
I'm a dog chasing cars.
  • #131,130
  • Jun 4, 2014 8:28am Jun 4, 2014 8:28am
Quoting ElectroGypsy
{quote} Donaciello, These charts are beautiful. Thank you for sharing. Best, EG
Thanks a million!
It's a sport, an artform and a science.
  • #131,131
  • Jun 4, 2014 8:59am Jun 4, 2014 8:59am
Here's the 1 trade I'm currently in: (Long AUD/NZD)

NB: A pyramid formed just after the gigantic box was broken on the upside.

BOX: (Mike posted about this since there were just 3 boxes within a bigger box)
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Sideways pyramid gets broken with a BUOB, BRN 1.1000 hasn't got any spectacularly pivotal history, hence the entry close below it.
Entry picked up (break of the BUOB).
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1.1000 may not have much history, it's still a considerable trouble area, so I wanted a clean break and I got it.
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I'm trailing the SL up, until the TP @ 1.1190 (Major PPZ) is touched.
It's a sport, an artform and a science.
  • #131,132
  • Jun 4, 2014 10:09am Jun 4, 2014 10:09am
Quoting Donaciello
USD/CAD is in the process of painting a BUOB around a major PPZ + 365 EMA. BRN 1.1 is close tho. I'm watching this closely on the H4 chart, to see if it closes as a BUOB.
It didn't, so my plan for a long is off the table.
It's a sport, an artform and a science.
  • #131,133
  • Jun 4, 2014 12:46pm Jun 4, 2014 12:46pm
What about selling some oil tonight? :

http://www.mql5.com/en/charts/195927...hf-markets-ltd

BEOB crossing EMA150 and EMA 365 also.

Maybe this can be a good point to break through the ppz around 108,3
  • #131,134
  • Jun 5, 2014 1:47am Jun 5, 2014 1:47am
Hi everybody!
I'm turn to write in this TD because i want to share with all of you the happiness to have found Jim and the all of group!!
I'm watching the videos in the guest section of james16 site, and i wanted to immediately put into practice what i'm wathcing and listening.... and all of this is AMAZING!!
Take a look this chart! U/C The red line are s\r drawn in the past and are still current!! Fantastic!!
Sorry for this entusiasm but this means a lot for me, it looks like go throught the door of trading forex!!
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  • #131,135
  • Jun 5, 2014 3:52am Jun 5, 2014 3:52am
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  • #131,136
  • Jun 5, 2014 8:34am Jun 5, 2014 8:34am
AUDCAD bounce from 0150 Area...Entry on H4, Has moved 1:1 in my favor - BE for now.

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Finally some move on NZDJPY....BE for now.

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  • #131,137
  • Jun 5, 2014 11:22am Jun 5, 2014 11:22am
Quoting alegargano
Hi everybody! I'm turn to write in this TD because i want to share with all of you the happiness to have found Jim and the all of group!! I'm watching the videos in the guest section of james16 site, and i wanted to immediately put into practice what i'm wathcing and listening.... and all of this is AMAZING!! Take a look this chart! U/C The red line are s\r drawn in the past and are still current!! Fantastic!! Sorry for this entusiasm but this means a lot for me, it looks like go throught the door of trading forex!! {image}
Hey Alegargano

Don't be sorry we love enthusiasm

Welcome

Mike
  • #131,138
  • Jun 5, 2014 11:23am Jun 5, 2014 11:23am
although still a choppy market this is shaping up nice if we can maintain a strong close
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  • #131,139
  • Jun 5, 2014 12:09pm Jun 5, 2014 12:09pm
Quoting mbqb11
although still a choppy market this is shaping up nice if we can maintain a strong close {image}
Hey Mike,

If you don't mind me asking; what do you think about the FTA for this one?
Would you say this is a quick hitter, or does it have a longer hold-potential?

I wonder, because I hadn't yet looked at GBP/CHF when you posted a chart, but when I did, I figured these to be the TA's (PPZ & TL):
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Thanks in advance!
W
It's a sport, an artform and a science.
  • #131,140
  • Jun 5, 2014 12:17pm Jun 5, 2014 12:17pm
How about this one?

Very similar to the EUR/SGD chart Mike posted recently.

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It's a sport, an artform and a science.
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