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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

  • #134,481
  • Apr 20, 2015 10:18am Apr 20, 2015 10:18am
Cheers Guitarbloke

Closed EUR/AUD - half off for 60 pips and the other half off for 110 pips, banked (indicated roughly by the dotted lines on the chart). Might look to pick up some on the retrace for target around 1.40 - my chart is showing a nice strong candle on the 4hr.

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  • #134,482
  • Apr 20, 2015 10:49am Apr 20, 2015 10:49am
Quoting Guitarbloke
NZD/USD H4. 1st. target hit. taken profit. moved to BE. Free trade from here to next target. {image}
Hey mate I took the same trade, good to see i wasnt wrong with that call. Im still in moved my SL to BE.
  • #134,483
  • Apr 20, 2015 11:54am Apr 20, 2015 11:54am
Quoting TraderrSG
Hello all. This is Jai, I'm not new to ff or forex, I have had some very bad experiences sometime back and since then I was away from forex and was busy with personal issues. I was away but my interest for trading was always within me, was a silent lurker in here, it is first time I'm posting in here. Hope to learn a lot and very excited about the new website comping up. Am glad to be here. Hope to learn a lot. Regards.
welcome Jai, glad to have you
  • #134,484
  • Apr 20, 2015 3:05pm Apr 20, 2015 3:05pm
Hi All.

I did not read the whole thread yet, as I saw recommended. it will take me a while

Can I post a thought here and get your opinion on it?
would you short this pin bar?
my stop is exactly on 0.5 fib level that runs from the top you see on the pasted chart to the bottom. (doesn't show in the image)
would you say this is A+ setup?
please share from your experience.

thanks

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  • #134,485
  • Apr 20, 2015 3:25pm Apr 20, 2015 3:25pm
Quoting xmzhang
{quote} Imho better to close trade and sell for a retrace ............. {image}
retrace trade reached my target while I was at work, on the 4H-TF this move is the pullback after a strong BUOB, reason of the pullback is a nice PPZ on the 1H-TF, I could've bought the pullback to the BUOB if i was in front of my screen. In this way one may profit twice form a single BUOB
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Pipcrawler
  • #134,486
  • Apr 20, 2015 5:20pm Apr 20, 2015 5:20pm
Quoting Motish
Hi All. I did not read the whole thread yet, as I saw recommended. it will take me a while Can I post a thought here and get your opinion on it? would you short this pin bar? my stop is exactly on 0.5 fib level that runs from the top you see on the pasted chart to the bottom. (doesn't show in the image) would you say this is A+ setup? please share from your experience. thanks {image}
Hey Motish,

I would've looked at that PB as a serious possibility to trade, but i am still in anyway on 4H PB from the 17th April. But don't listen to me. I'm just a beginner who gets lucky from time to time. P.S. Most of what you need is all on page 1.

All the best, G.
'Fail to plan, plan to fail'
  • #134,487
  • Apr 20, 2015 6:07pm Apr 20, 2015 6:07pm
Quoting yorkshirelad
{quote} Hey mate I took the same trade, good to see i wasnt wrong with that call. Im still in moved my SL to BE.
Well spotted mate. All the best, G.
'Fail to plan, plan to fail'
  • #134,488
  • Edited 7:13pm Apr 20, 2015 6:28pm | Edited 7:13pm
Morning,

Anyone watching this one? Thoughts?

Appears it could go either way.More to the downside..

Thanks
John
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  • #134,489
  • Apr 20, 2015 7:51pm Apr 20, 2015 7:51pm
Quoting fxin
Morning, Anyone watching this one? Thoughts? Appears it could go either way.More to the downside.. Thanks John {image}
Hey John. I'm just out of this pair after TP at that level. I see it could go either way. Price is at a significant support level, but could well push lower. On the weekly there is a bullish PB from last week that may also have some influence. As always, i will wait for price action to tell me where it wants to go. G
'Fail to plan, plan to fail'
  • #134,490
  • Apr 20, 2015 8:13pm Apr 20, 2015 8:13pm
Quoting fxin
Morning, Anyone watching this one? Thoughts? Appears it could go either way.More to the downside.. Thanks John {image}
Hi FXIN, it has just broke downwards out that small range, I would now watch the retest and price action, if it gets rejected going back into the range, then time to think about making a move. It's testing as we speak, so let's see what price action tells us.
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  • #134,491
  • Apr 20, 2015 8:56pm Apr 20, 2015 8:56pm
[/quote]
Quoting deankenny21
{quote} Hi FXIN, it has just broke downwards out that small range, I would now watch the retest and price action, if it gets rejected going back into the range, then time to think about making a move. It's testing as we speak, so let's see what price action tells us. {image}
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i really think its will continue ranging, right now i would just wait till bottom of range reached and form some signal to buy
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im more interested in that one, nice setup buy, price chilling on bottom after fake pin and mother bar break right at support level. so interested too see what will happen here
  • #134,492
  • Apr 20, 2015 8:58pm Apr 20, 2015 8:58pm
{quote} {image} i really think its will continue ranging, right now i would just wait till bottom of range reached and form some signal to buy{image} im more interested in that one, nice setup buy, price chilling on bottom after fake pin and mother bar break right at support level. so interested too see what will happen here[/quote]

On the daily, yes, agreed, but what fxin was eyeing up was an intra-day trade on the 1hr chart I believe, to get in on a move to the bottom of that daily range.
  • #134,493
  • Apr 20, 2015 9:01pm Apr 20, 2015 9:01pm
Quoting deankenny21
{quote} {image} i really think its will continue ranging, right now i would just wait till bottom of range reached and form some signal to buy{image} im more interested in that one, nice setup buy, price chilling on bottom after fake pin and mother bar break right at support level. so interested too see what will happen here
On the daily, yes, agreed, but what fxin was eyeing up was an intra-day trade on the 1hr chart I believe, to get in on a move to the bottom of that daily range.[/quote]

well, i just hope it can help
  • #134,494
  • Apr 20, 2015 9:06pm Apr 20, 2015 9:06pm
Of course it helps The bottom of the range would be a perfect target if one were to fire the trigger
  • #134,495
  • Apr 21, 2015 1:52am Apr 21, 2015 1:52am
EUR/JPY H1. Out of original trade at BE, but got in higher at a better price on a rally. Profit locked in. Letting trade run.

EUR/GBP Closed trade at BE as it was a P.I.T.A. bobbing around a BRN the last 12 hrs. breaking out low now though. Todays lesson for me: be prepared for a pair to be a P.I.T.A. if your entry is in no mans land rather than a swing high/low.

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'Fail to plan, plan to fail'
  • #134,496
  • Apr 21, 2015 2:21am Apr 21, 2015 2:21am
EUR/USD H1. Move aside for the euro freight train.

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'Fail to plan, plan to fail'
  • #134,497
  • Apr 21, 2015 3:03am Apr 21, 2015 3:03am
Quoting xmzhang
{quote} Imho better to close trade and sell for a retrace ............. {image}
I see where you're coming from friend, thanks. Yes, that's an option. G
'Fail to plan, plan to fail'
  • #134,498
  • Edited 4:34am Apr 21, 2015 3:41am | Edited 4:34am
AUD/JPY H1. Missed the breakout. Buy limit order set if/when this retraces. My beginner analysis see's bullish sentiment on the H4 and weekly at a key level.

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USD/CHF H4 out for 100 + pips.

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EUR/USD H1. Out for 100 + pips. I'm not greedy. Can always get in again later.

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'Fail to plan, plan to fail'
  • #134,499
  • Apr 21, 2015 4:47am Apr 21, 2015 4:47am
USD/CHF M30. Surely it can't be this simple?! PB rejecting BRN 0.9600 level and 365 ema. See how she goes.

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'Fail to plan, plan to fail'
  • #134,500
  • Apr 21, 2015 5:34am Apr 21, 2015 5:34am
Looking at weakness in the PA on NZDUSD around 0.7700. Its made a return to this level but I'm seeing a kind of daily pin formation at a (possibly inexistant) PPZ

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