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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

  • #131,861
  • Aug 19, 2014 1:19pm Aug 19, 2014 1:19pm
Anyone looking to aud/usd??

It is making higher lows and lower Heights.

And today it made an ugly bearish engulfing candle.

Sorry for this ugly chart. Made it on tablet.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20140819_191918.jpg Size: 117 KB
  • #131,862
  • Edited 1:30pm Aug 19, 2014 1:19pm | Edited 1:30pm
Quoting doerpn
{quote} Hi marbej, always have a look to the bigger picture, too!
Thanks a lot for advice. I will

PS: what is FTA on your chart?

--
Regards,
Marcin
  • #131,863
  • Aug 19, 2014 2:13pm Aug 19, 2014 2:13pm
yea i think aud is worth a look ,poss this may be pin in 4 hrs
Attached Image (click to enlarge)
Click to Enlarge Name: aud JPY d1 19 (DFB).png Size: 37 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #131,864
  • Aug 19, 2014 2:51pm Aug 19, 2014 2:51pm
Hi D ,theres a very good chance this is not a bullish scenario ,although great area to watch ,
as is I don't trust the D1


Quoting doerpn
Hi guys, maybe GBPCAD will get a valuable entry.... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp CAD d1 19 (DFB).png Size: 42 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #131,865
  • Aug 19, 2014 2:55pm Aug 19, 2014 2:55pm
Quoting nc_trader
Anyone looking to aud/usd?? It is making higher lows and lower Heights. And today it made an ugly bearish engulfing candle. Sorry for this ugly chart. Made it on tablet. {image}
Hi NC, im also in this trade. i think there are enough reasons to take it: rejection from R = 0.9330 + strong BEOB enclosing both parts of previous candle + space for at least 50 pips. moreover, seems USD is strengthening all over the markets, so lets see how this turns out.
Market can stay irrational longer than you can stay solvent.
  • #131,866
  • Aug 19, 2014 2:58pm Aug 19, 2014 2:58pm
Quoting mbqb11
{quote} Hey Bat It's a bit more of an advanced setup for multiple reasons. Firstly it starts with the BEOB being at a swing low. But it's a VERY large beob that has a lot going for it . If we trade a break of the bar(and for me only a break) you are trading a break under a major and minor PPZ. The major PPZ is the larger red area, and a minor ppz but larger box is the purple area. With such a strong beob it offers us a lot of protection and places where price is likely to turn into resistance. Now this trade had a lot of interesting advanced concepts...
wow, thanks a lot for the detailed explanation, Mike. its really an eye-opener. I wont trade such setups yet, but for sure i will observe next time price closes next to a PPZ how it reacts to it. And I also like the way you trail your stops behind logical spots.
Market can stay irrational longer than you can stay solvent.
  • #131,867
  • Aug 19, 2014 4:37pm Aug 19, 2014 4:37pm
Quoting marbej
{quote} Thanks a lot for advice. I will PS: what is FTA on your chart? -- Regards, Marcin
FTA means First Trouble Area....
Have a nice day
  • #131,868
  • Aug 19, 2014 4:52pm Aug 19, 2014 4:52pm
Quoting nc_trader
Anyone looking to aud/usd?? It is making higher lows and lower Heights. And today it made an ugly bearish engulfing candle. Sorry for this ugly chart. Made it on tablet. {image}
I agree:short trade down to RN 92....I`ll take it, thanks for advice.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD-short.png Size: 40 KB
Have a nice day
  • #131,869
  • Aug 19, 2014 5:12pm Aug 19, 2014 5:12pm
Quoting nc_trader
Anyone looking to aud/usd?? It is making higher lows and lower Heights. And today it made an ugly bearish engulfing candle. Sorry for this ugly chart. Made it on tablet. {image}
It may work out, but I think you need to watch the PPZ just below .9300 very closely. The BEOB is really right in the middle of a consolidation box to me, not the preferable place for this one. Good Luck!!


Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 45 KB
  • #131,870
  • Aug 19, 2014 5:16pm Aug 19, 2014 5:16pm
AUDJPY and the PPZ @ BRN 95.00 is a nice chart to watch.

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 60 KB
  • #131,871
  • Aug 20, 2014 1:27am Aug 20, 2014 1:27am
Quoting doerpn
{quote} FTA means First Trouble Area....
Thanks

--
Regards,
Marcin
  • #131,872
  • Aug 20, 2014 2:25am Aug 20, 2014 2:25am
Quoting mbqb11
{quote} Hey Bat It's a bit more of an advanced setup for multiple reasons. Firstly it starts with the BEOB being at a swing low. But it's a VERY large beob that has a lot going for it . If we trade a break of the bar(and for me only a break) you are trading a break under a major and minor PPZ. The major PPZ is the larger red area, and a minor ppz but larger box is the purple area. With such a strong beob it offers us a lot of protection and places where price is likely to turn into resistance. Now this trade had a lot of interesting advanced concepts...
Mike, I really enjoyed reading your very logical reasoning and clear explanation behind this one!
Follow me on twitter @FxLester
  • #131,873
  • Aug 20, 2014 4:50am Aug 20, 2014 4:50am
Another pair ready to drop is nzd usd.

Today it breaks another important support zone.

This is a daily chart but this is a weekly support level.

http://s2.postimg.org/wolb3tiq1/Pics...8527904579.jpg
screen shot on windows
  • #131,874
  • Edited 5:58am Aug 20, 2014 5:42am | Edited 5:58am
Quoting nc_trader
Another pair ready to drop is nzd usd. Today it breaks another important support zone.

Weekly charts:

Attached Image (click to enlarge)
Click to Enlarge Name: nzd_uzd_w.png Size: 144 KB


Attached Image (click to enlarge)
Click to Enlarge Name: nzd_uzd_w2.png Size: 135 KB


And still not break important support zone, because this day is not over yet. Maybe the last stick on yor chart will be a nice pinbar rejecting support zone you are talking about? We should wait to the end of the day.

On H6 chart we have a nice pinbar

--
Regards,
Marcin
  • #131,875
  • Aug 20, 2014 6:00am Aug 20, 2014 6:00am
Quoting marbej
{quote} Weekly charts: {image} {image} -- Regards, Marcin
I don't think that this is a valid support level.
I made my support and resistances looking to the last 2 or 3 touch in daily chart.
But this is my opinion.
Everybody made different support and resistances levels.
  • #131,876
  • Aug 20, 2014 7:04am Aug 20, 2014 7:04am
What do you think abut this:

Attached Image (click to enlarge)
Click to Enlarge Name: aud_usd_d1.png Size: 129 KB


--
Regards,
Marcin
  • #131,877
  • Aug 20, 2014 7:38am Aug 20, 2014 7:38am
Quoting nc_trader
Another pair ready to drop is nzd usd. Today it breaks another important support zone. This is a daily chart but this is a weekly support level. {image} screen shot on windows
I`m in....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusd.png Size: 45 KB
Click to Enlarge Name: nzdusd-weekly.png Size: 39 KB
Have a nice day
  • #131,878
  • Aug 20, 2014 8:15am Aug 20, 2014 8:15am
I have updated gbp cad ,

Quoting Bones
Hi D ,theres a very good chance this is not a bullish scenario ,although great area to watch , as is I don't trust the D1 {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp CAD 20 (DFB).png Size: 41 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #131,879
  • Aug 20, 2014 8:25am Aug 20, 2014 8:25am
not tradable yet ,
,but I'm waiting for failure if that happens ,
aud jpy sits RN 9600


Quoting Bones
yea i think aud is worth a look ,poss this may be pin in 4 hrs {image}
Attached Image (click to enlarge)
Click to Enlarge Name: usd JPY 20 (DFB).png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #131,880
  • Edited 11:31am Aug 20, 2014 11:07am | Edited 11:31am
EUR/NZD made a bearish Pin Bar on top of a descending channel!

Huge drop coming soon!!

http://s24.postimg.org/t2y9zrqnp/EURNZDWeekly.png
free image upload


Daily chart!
http://s30.postimg.org/3s2pngcqp/EURNZDDaily.png
image hosting 15mb
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