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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

  • #135,381
  • Jun 15, 2015 2:24pm Jun 15, 2015 2:24pm
Quoting Kershey
{quote} Nice trade zamfir, took that one also. May I ask were you placed the SL initially ?
initial SL was just below the left eye.
  • #135,382
  • Jun 15, 2015 3:39pm Jun 15, 2015 3:39pm
Hi all,
Eur/zar weekly chart, pin with fib, BRN, and trend line confluence. 13.8 BRN is under it so have to be very quick to Be or play the retrace. any Idea everyone? happy trading
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  • #135,383
  • Jun 15, 2015 9:30pm Jun 15, 2015 9:30pm
Quoting mbqb11
here is a gap play i'm in on eur/cad. Price gapped right into the previous support(which was where my trade from the 8hr pinbar was last week - http://www.forexfactory.com/showthre...13#post8324013 ) which is also a long term daily PPZ too. Initial target is that gap close which lines up with the descending TL, i'm at b/e just seeing how we can breakout of this area now {image}
Hi Mike,

I am new to the term gap play which you mentioned above, can you explain bit more. .if the topicdiscussed already, can you provide link . So that I will read and understand it. .

Because couldn't find a specific topic in such long thread.

Adhav
  • #135,384
  • Jun 16, 2015 2:48am Jun 16, 2015 2:48am
EUR/CAD D1. PB off support. Nice move up. Locked in profit. Letting it run.

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'Fail to plan, plan to fail'
  • #135,385
  • Jun 16, 2015 7:15am Jun 16, 2015 7:15am
classic J16 here. Fake out of the box, nice close under neath, sold on a slight retrace, just targeting the box low

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  • #135,386
  • Jun 16, 2015 7:34am Jun 16, 2015 7:34am
yday's and today's intraday trade for GBP/USD.

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  • #135,387
  • Jun 16, 2015 10:14am Jun 16, 2015 10:14am
Quoting zamfir
yday's and today's intraday trade for GBP/USD. {image}

HI Zamfir, i suppose you were stopped out at BE on the previous trade and re-entered as a touch trade at 1.5550 resistance level?

thanks,
Market can stay irrational longer than you can stay solvent.
  • #135,388
  • Jun 16, 2015 11:37am Jun 16, 2015 11:37am
I am also long at GBPUSD but I am a little bit worry about this formation. What do you think?
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  • #135,389
  • Jun 16, 2015 12:33pm Jun 16, 2015 12:33pm
Quoting FXBat
{quote} HI Zamfir, i suppose you were stopped out at BE on the previous trade and re-entered as a touch trade at 1.5550 resistance level? thanks,
No, i was not. I made 90 pips profit on that. That's whats marked on the chart.
  • #135,390
  • Jun 17, 2015 2:12am Jun 17, 2015 2:12am
Quoting zamfir
{quote} No, i was not. I made 90 pips profit on that. That's whats marked on the chart.
Hi Zam, how did you mark it this way on the chart?
  • #135,391
  • Jun 17, 2015 2:13am Jun 17, 2015 2:13am
Quoting Poinson
{quote} Hi Zam, how did you mark it this way on the chart?
Drag and drop your CLOSED trade on to the chart.
  • #135,392
  • Jun 17, 2015 11:57am Jun 17, 2015 11:57am
stopped out in Dax
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  • #135,393
  • Edited Jun 18, 2015 4:29am Jun 17, 2015 5:19pm | Edited Jun 18, 2015 4:29am
USD/CAD DI Sell. Moving down nicely. Has formed a BEOVB rejecting BRN 1.23000. Not exactly formed at a swing high, but may move lower. 1st target hit. profit locked in and letting it run.

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GBP/USD H4. BUOVB/Breakout. orders set for retrace to new support. tight SL. see how she goes. G

EDIT: Trade triggered.

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GBP/JPY H1 DBHLC.

1st target hit. stopped out at BE.

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'Fail to plan, plan to fail'
  • #135,394
  • Jun 17, 2015 5:55pm Jun 17, 2015 5:55pm
Quoting Adhavan
{quote} Hi Mike, I am new to the term gap play which you mentioned above, can you explain bit more. .if the topicdiscussed already, can you provide link . So that I will read and understand it. . Because couldn't find a specific topic in such long thread. Adhav
Hey Ad

Gap plays are pretty simple from the basics. Gaps tend to close in the FX markets. Eventually that is. That doesn't mean for all gaps we want to just assume they will close. I like to look for gaps that gap into a very strong area. so if you look at my eur/cad price gapped into significant support.

I ended up with a b/e on that trade though

Another gap I took that actually ended in profit was my mini dow trade.

Here was my before and after chart from the PF
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Hope that helps
Mike
  • #135,395
  • Jun 17, 2015 9:40pm Jun 17, 2015 9:40pm
Quoting mbqb11
{quote} Hey Ad Gap plays are pretty simple from the basics. Gaps tend to close in the FX markets. Eventually that is. That doesn't mean for all gaps we want to just assume they will close. I like to look for gaps that gap into a very strong area. so if you look at my eur/cad price gapped into significant support. I ended up with a b/e on that trade though Another gap I took that actually ended in profit was my mini dow trade. Here was my before and after chart from the PF {image} {image} Hope that helps Mike
Thanks Mike for your response. .
The term gap mean, space between previous bar close and yesterday bar open, my understanding is right. .

Adhav
  • #135,396
  • Jun 17, 2015 10:17pm Jun 17, 2015 10:17pm
GBP and EUR getting a boost after fed news...

GBP/USD 200 pips locked.

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  • #135,397
  • Jun 18, 2015 4:16am Jun 18, 2015 4:16am
Gold BE.

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  • #135,398
  • Jun 18, 2015 4:22am Jun 18, 2015 4:22am
GBP/USD H4 BUOVB. Profit taken. Closed trade at 1.59170. 130 pips +

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'Fail to plan, plan to fail'
  • #135,399
  • Edited 6:41am Jun 18, 2015 4:35am | Edited 6:41am
USD/CHF D1. IB Breakout. Late entry as I waited for price to break and close below 0.92000 level before taking trade. Bearish PA story to me, so all good enough confluence for me to take the trade.

EDIT: 1st target hit. BE. Free trade.

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USD/CAD D1. Pips locked. Letting trade run.

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'Fail to plan, plan to fail'
  • #135,400
  • Jun 18, 2015 7:52am Jun 18, 2015 7:52am
took the 4hr breakout on the aud/usd

At b/e now


Before and current snaps from PF
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