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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

Quoting Guitarbloke
USD/CHF M30. Surely it can't be this simple?! PB rejecting BRN 0.9600 level and 365 ema. See how she goes. {image}
Be carefull price has engulfed a major PPZ around the 9600, also on the 20m-TF there a nice minor PPZ around the 9581 which you're selling into, for a safe sell I would prefer this minor PPZ to be engulfed south 1st. My take is that price wants to go higher if that minor PPZ holds
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Pipcrawler
Quoting FrenchPips
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 {image}
My sell trade has almost retraced to BE, luckily banked a few pips at least earlier. Either way i'll be watching this area around 0.77000 ish for bearish PA to get in again short.
'Fail to plan, plan to fail'
Also seeing a bit of a struggle between 97.30 - 97.80 on CADJPY - unfortunately the location isn't great but we have a pin bar on the 4 hr and daily, and the 1 hr is winding up tight for what looks like a break out with momentum either side.

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Ignore the red lines - just my alerts and not a PPZ I've drawn in or anything.
Quoting xmzhang
{quote} Be carefull price has engulfed a major PPZ around the 9600, also on the 20m-TF there a nice minor PPZ around the 9581 which you're selling into, for a safe sell I would prefer this minor PPZ to be engulfed south 1st. My take is that price wants to go higher if that minor PPZ holds {image}
Hey Zhang. Thanks for going to the trouble to post your chart. Much appreciated mate. I see what you mean about that level. I note that price has stalled there also on the H1. I'm not too worried, but will keep an eye on it though. See how we go! Thanks again. G
'Fail to plan, plan to fail'
Quoting FrenchPips
Also seeing a bit of a struggle between 97.30 - 97.80 on CADJPY - unfortunately the location isn't great but we have a pin bar on the 4 hr and daily, and the 1 hr is winding up tight for what looks like a break out with momentum either side. {image} Ignore the red lines - just my alerts and not a PPZ I've drawn in or anything.
FP. This is my CAD/JPY H4 chart below. It's very different to yours. No pin bar on mine, although if i were to blend that bearish engulfing bar with the bar before it, we have a bearish pin bar which leads me to ask, is there some kind of blended candle software enabled on your chart? My charts are 'New york close' i.e. last candle/bar closes 5.00p.m. NY time, which is what Mike and Jim use i'm sure, for a more complete picture. I'm just trying to work out why our charts are different. Anybody else seeing a different chart? Mike?

Anyway, no trade for me at the moment on this pair. But I will wait like a crocodile in the shallows.

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'Fail to plan, plan to fail'
USD/CHF. (1 hour chart) 1st. target hit. profit taken. free trade from here.

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'Fail to plan, plan to fail'
Quoting Guitarbloke
{quote} FP. This is my CAD/JPY H4 chart below. It's very different to yours. No pin bar on mine, although if i were to blend that bearish engulfing bar with the bar before it, we have a bearish pin bar which leads me to ask, is there some kind of blended candle software enabled on your chart? My charts are 'New york close' i.e. last candle/bar closes 5.00p.m. NY time, which is what Mike and Jim use i'm sure, for a more complete picture. I'm just trying to work out why our charts are different. Anybody else seeing a different chart? Mike? Anyway,...
Oh yeah, that's normal. Some of us use different brokers and chart packages which have different times - guess its all down to the data feed and my daily closes at midnight London GMT. The 4 hr bar would start then too and it all flows from there. At least the hourlies are the same !

I've come to the conclusion that its all good and overall we get to see the same price action in a different way - I guess a 4hr pin on yours might look like a BEOB or BUOB on mine.
Sold EU Stocks 50 at 3730. I'm probably way too soon for a big move down in stock indices but on the weekly we have a BEOB, on the daily, a lot of red bars, and on the 4hr, this little pin with perhaps too big of a body.

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Quoting FrenchPips
{quote} Oh yeah, that's normal. Some of us use different brokers and chart packages which have different times - guess its all down to the data feed and my daily closes at midnight London GMT. The 4 hr bar would start then too and it all flows from there. At least the hourlies are the same ! I've come to the conclusion that its all good and overall we get to see the same price action in a different way - I guess a 4hr pin on yours might look like a BEOB or BUOB on mine.
Ah, ok. Thanks for that explanation FP. The EU stocks chart looks to have plenty of movement and opportunities.
'Fail to plan, plan to fail'
anyone watching this pair?
appears to be a nice wedge breakout.
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USD/CHF Stopped out at BE. Bagged 30 pips at least.

NZD/USD H4. Sell.

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'Fail to plan, plan to fail'
Quoting fxin
anyone watching this pair? appears to be a nice wedge breakout. {image}
I've got enough on my plate at the mo Fxin. Just scrolling through a few pairs to get to this one i see a few more opportunities, but how would you play this one? Looks like it might move back up too? All the best with it.
'Fail to plan, plan to fail'
Quoting fxin
anyone watching this pair? appears to be a nice wedge breakout. {image}
Daily Chart may make you think twice
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Quoting deankenny21
{quote} Daily Chart may make you think twice
I was just coming in to post the same chart. If anything, I think it is tempting as a buy, and looks like the 4hr chart could post a nice pin (plus I feel NZD is running in to some congestion after a strong run)
Been watching NU all day, got most of that move, seems to have slowed.
Sold NZDUSD at 0.77 as I missed it last time.
  • #134,517
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  • Edited 6:47pm Apr 21, 2015 6:04pm | Edited 6:47pm
Thanks guys, No doubt GB, you sure can fill a plate Will watch more carefully next time on the daily charts, but always learning as I go for a demo newbie. The twheels are on for now
Cheers
John
NZD/USD H4. 1st target hit 30pips banked. BE. 2nd order free trade and running.

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'Fail to plan, plan to fail'
Quoting Guitarbloke
NZD/USD H4. 1st target hit 30pips banked. BE. 2nd order free trade and running. {image}
Hi GB,

Would you mind explaining a little bit of your analysis behind this trade please?

Many thanks
John
EUR/USD H1. Jumping back in short on this PB. Bearish close and bearish PA in the area. a bit late and not at the best price, but i think it's worth a crack.

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'Fail to plan, plan to fail'
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