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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

  • #132,901
  • Nov 7, 2014 5:09am Nov 7, 2014 5:09am
Anyone using Jame's system on the lower TF like the 15m?
  • #132,902
  • Nov 7, 2014 6:37am Nov 7, 2014 6:37am
I think, our thread's old member Jakone using the same method with lower time frame and he started a separate thread also..

Adhav
  • #132,903
  • Nov 7, 2014 6:45am Nov 7, 2014 6:45am
Quoting jr241
{quote} Cancelled my pending sell limit at .865 earlier (as it appeared price wouldn't retrace high enough to test the previous support level) and entered a short trade just below yesterday's close. As mentioned I'm looking at the weekly TF for those trouble areas and will be looking for price to push down to .85. If it does I'll close half the trade and move my SL to B/E. Next area I'm looking at beyond that is .81 - more bar highs and bar lows from 2009-10. That's where I'll look to close the rest of my trade if price goes far enough. All shown...
NFP will drive the dollar, lets c in which direction


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Best,
J
Hero calls followed by margin calls...
  • #132,904
  • Nov 7, 2014 9:44am Nov 7, 2014 9:44am
Not much movement since yesterday...

3 new setups. All BE for now..

GBP/CAD
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EUR/NZD

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NZD/CHF

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  • #132,905
  • Nov 7, 2014 11:34am Nov 7, 2014 11:34am
Quoting Verbal
{quote} You can read all about it here: http://www.babypips.com/school/high-...e-trading.html
Thanks verbal for the info.
  • #132,906
  • Nov 7, 2014 12:36pm Nov 7, 2014 12:36pm
Quoting PhAnTi'
{quote} NFP will drive the dollar, lets c in which direction {image} Best, J
Hi PhAnTi, that`s my thought too- but I`m looking for a cheaper entry....
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Have a nice day
  • #132,907
  • Nov 7, 2014 5:47pm Nov 7, 2014 5:47pm
Quoting PhAnTi'
{quote} NFP will drive the dollar, lets c in which direction {image} Best, J
Yeah bad day for this trade today with the NFP release worse than expected. However, one crucial thing in my opinion is that price re-tested the support level it broke through earlier this week but bounced back off and ended up another 18 or so pips below. I'm hoping this will now prove to be a good resistance line, but we'll have to wait until next week to see.
  • #132,908
  • Nov 8, 2014 5:48am Nov 8, 2014 5:48am
example of a retest trade:


Overall trend is bearish. Price broke major demand and retested it yesterday after NFP. Now price is currently at pole level. Im short for 0.8315.
Sold 0.8612, gonna reload at 0.8750. Stop is 0.8805

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Best,
J
Hero calls followed by margin calls...
  • #132,909
  • Nov 8, 2014 11:23am Nov 8, 2014 11:23am
Hi PHANTI- imo- AU
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  • #132,910
  • Nov 8, 2014 11:47am Nov 8, 2014 11:47am
imo

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  • #132,911
  • Nov 8, 2014 12:37pm Nov 8, 2014 12:37pm
Quoting jasakreatif
imo {image}
Good area to watch out for...
I love ur drawing tool. its DOOOPE well this one is free if you want a proper one
http://www.techsmith.com/jing.html
  • #132,912
  • Nov 9, 2014 3:52am Nov 9, 2014 3:52am
Quoting PhAnTi'
example of a retest trade: Overall trend is bearish. Price broke major demand and retested it yesterday after NFP. Now price is currently at pole level. Im short for 0.8315. Sold 0.8612, gonna reload at 0.8750. Stop is 0.8805 {image} {image} {image} Best, J
Excellent PhAnti'...
  • #132,913
  • Nov 9, 2014 1:45pm Nov 9, 2014 1:45pm
Has anyone seen the weekly pin bar form on the EURNOK pair? It would be great to see some discussion!

Thanks!
  • #132,914
  • Nov 9, 2014 4:28pm Nov 9, 2014 4:28pm
USDSGD Big BEOB on D1 from 1.2950 (level on weekly) FTA on 1.28. I'll trail my SL on 2bar low.
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  • #132,915
  • Nov 9, 2014 5:04pm Nov 9, 2014 5:04pm
Quoting Friend1975
Hi PHANTI- imo- AU {image}

The pin bar we see there may not have enough strength to break through the major PPZ in the chart in my humble opinion.
  • #132,916
  • Edited 7:26pm Nov 9, 2014 6:50pm | Edited 7:26pm
Quoting jasakreatif
imo {image}
I would wait for break of slopped support.

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Quoting lmccormick
Has anyone seen the weekly pin bar form on the EURNOK pair? It would be great to see some discussion! Thanks!
Looks nice to me... Pinbar is really big on very important resistance with about ~1700 pips to slopped support or 3600 pips to flat one.

On monthly looks nice too but this is just 10.11 so it still can change.

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Quoting protuberanec
USDSGD Big BEOB on D1 from 1.2950 (level on weekly) FTA on 1.28. I'll trail my SL on 2bar low. {image} {image}
Looks nice too. Seems like early emerging H&S formation to me but we will see.

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Still I don't trade exotic pairs, they behave too differently from normal pairs.
  • #132,917
  • Nov 9, 2014 7:03pm Nov 9, 2014 7:03pm
I love how EURNOK monthly chart looks. "Standard" price for EURNOK is something near 8.1, deviation ~0.4 to the up and down. All bursts above 8.5 or below 7.7 are corrected as soon as possible by central bank of Norway. Big bursts are rare and are closely related to the big economic news and changes. Something to think about.

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  • #132,918
  • Nov 9, 2014 8:41pm Nov 9, 2014 8:41pm
Quoting PhAnTi'
example of a retest trade: Overall trend is bearish. Price broke major demand and retested it yesterday after NFP. Now price is currently at pole level. Im short for 0.8315. Sold 0.8612, gonna reload at 0.8750. Stop is 0.8805 {image} {image} {image} Best, J
Price has encountered strong demand area. If you look at the area on daily and H4 the demand is impressive.

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  • #132,919
  • Nov 10, 2014 10:34am Nov 10, 2014 10:34am
cant see any bullish price action here, Ill keep to my shorts for 0.8315-50

Lets c how daily will close

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Cheers,
J
Hero calls followed by margin calls...
  • #132,920
  • Nov 10, 2014 3:00pm Nov 10, 2014 3:00pm
Anyone look at CHFJPY D1 chart ?
think is pretty interest at least as swing high
cheers
xam
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