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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

  • #136,101
  • Edited 11:38pm Jul 26, 2015 8:16pm | Edited 11:38pm
EUR/NZD H4 PB rejecting weekly s/r BRN 1.67000 zone. 1st target hit. BE. Looking for 3R.

Update; stopped out at BE. Happy with a quick 30 pips at a logical TA. Will watch for another entry short if PA presents.

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'Fail to plan, plan to fail'
  • #136,102
  • Jul 27, 2015 1:28am Jul 27, 2015 1:28am
NZDJPY / NZDUSD
Thera are PB with good noses & so on, but there is also strong divergence on stoch & macd.
How should this PA setups be played when they conflict with divergence? Don't mind indicators or is it better to stay away?
  • #136,103
  • Jul 27, 2015 1:54am Jul 27, 2015 1:54am
Quoting antisystem
NZDJPY / NZDUSD Thera are PB with good noses & so on, but there is also strong divergence on stoch & macd. How should this PA setups be played when they conflict with divergence? Don't mind indicators or is it better to stay away?
Hey AS. Here's the monthly chart for NZD/USD. Price looks to be at a significant support zone around 0.66000. proceed with caution if going short.

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'Fail to plan, plan to fail'
  • #136,104
  • Jul 27, 2015 3:37am Jul 27, 2015 3:37am
Quoting Guitarbloke
{quote} Hey AS. Here's the monthly chart for NZD/USD. Price looks to be at a significant support zone around 0.66000. proceed with caution if going short. {image}
Thanks for reply. Decided to exit this trade and watch from the outside. Besides there are some more attractive and less trouble setups)
  • #136,105
  • Jul 27, 2015 3:39am Jul 27, 2015 3:39am
Quoting mbqb11
Because i've seen this before i'm gonna jump in here to slow things down Guys we are ALL here trying to do the same things. In this thread we are about helping and especially trying to save people from losing their shirt. Go to post 1 for you new folks. Take to heart Jim's words. They aren't to hurt but to help. I know at the end of the day each person is going to go on their own journey. Our hope is to help you...
Thank you Mike for cooling things down. I think some people here take things too personally sometimes, and they forget this wonderful thread is only about getting better at trading, by listening to others cheers and trade wisely.
Market can stay irrational longer than you can stay solvent.
  • #136,106
  • Edited 4:06pm Jul 27, 2015 4:10am | Edited 4:06pm
EUR/USD H1. PB. Heading into some support, but looking to break through. Nice space to the left. 2R. Let's see.

P.S. Trade Daily time frames. Don't listen to me.

Update: stopped out as price went higher.

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'Fail to plan, plan to fail'
  • #136,107
  • Jul 27, 2015 5:23am Jul 27, 2015 5:23am
Quoting antisystem
{quote} Thanks for reply. Decided to exit this trade and watch from the outside. Besides there are some more attractive and less trouble setups)
'Fail to plan, plan to fail'
  • #136,108
  • Jul 27, 2015 6:00am Jul 27, 2015 6:00am
Hello traders,

anyone into this one ?
For me its a nice setup but the spread is large,
maybe i will enter on a retrace.

K
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  • #136,109
  • Jul 27, 2015 6:27am Jul 27, 2015 6:27am
Quoting Kershey
Hello traders, anyone into this one ? For me its a nice setup but the spread is large, maybe i will enter on a retrace. K {image}
Not exactly at a swing low Kershey. But bottom of a range PB so will probably go up to next logical resistance which is close. You would be trading into a lot of chaos. All the best.
'Fail to plan, plan to fail'
  • #136,110
  • Jul 27, 2015 6:48am Jul 27, 2015 6:48am
Quoting Guitarbloke
{quote} Not exactly at a swing low Kershey. But bottom of a range PB so will probably go up to next logical resistance which is close. You would be trading into a lot of chaos. All the best.

Hey GB, thanks for your input.
Unfortunately I just realized now that this is an
old chart from friday and the market ist closed at my broker.
  • #136,111
  • Jul 27, 2015 6:53am Jul 27, 2015 6:53am
Quoting Kershey
{quote} Hey GB, thanks for your input. Unfortunately I just realized now that this is an old chart from friday and the market ist closed at my broker.
Thank Christ for that.
'Fail to plan, plan to fail'
  • #136,112
  • Jul 27, 2015 7:43am Jul 27, 2015 7:43am
Quoting Guitarbloke
{quote} Welcome back Blade. I agree with some other observations. You would be trading back into some serious selling with that BEOVB closing strongly. There's also some resistance above. Not a lot of space and a small PB with bearish close on my feed. It may well go north, but I reckon there are better trades around the corner. At an area of interest though, so I would wait. I'm already short on this trade from last week (profit locked) so I'm liking the look of that BEOVB! On a side note as I was scanning the weekly thinking of your question,...
I avoided this one GB, it didn't have the right feel to it so like you will keep an eye on it to see what occurs.

Thanks man.
  • #136,113
  • Jul 27, 2015 7:47am Jul 27, 2015 7:47am
EUR GBP could be worth keeping an eye on, pin forming on H1 after a retrace to previous resistance now support.
  • #136,114
  • Jul 27, 2015 8:27am Jul 27, 2015 8:27am
Quoting Bladerunn3r
EUR GBP could be worth keeping an eye on, pin forming on H1 after a retrace to previous resistance now support.
Not sure I see any decent pin bars on H1 on my feed. This is where I see daily support zone. Also s/r around 0.7100 as you know. Are you looking to trade with the downtrend?

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'Fail to plan, plan to fail'
  • #136,115
  • Jul 27, 2015 8:56am Jul 27, 2015 8:56am
Quoting Bladerunn3r
{quote} Hey there. nice to see you again too, sorry to hear that you are getting grief though. Stay positive, I can vouch for the fact that you are a good positive influence in this thread not just in a trading sense but as someone who adds colour to this two tone forex world. Hopefully it can be worked out .
Thank you for the kind words Blade
  • #136,116
  • Jul 27, 2015 9:00am Jul 27, 2015 9:00am
Quoting jscathey11
If you really think this whole thing was about you then I'm sorry. But do your self a favor and look back 30 posts from my first post and tell me how many people were breaking these so called "commandants". {image} So as an technical trader what can we learn from this chart????? Thomas Jordan just randomly picked a spot for the Eur and Chf to become unpegged?? Yup he sure did!! This comes from a trader that lived James 16 commandants! If anyone would like to start a thread on lower time frames then sure I'm interested in swapping ideas. BUT this...
Ek gee nie 'n moer om nie Jy pis my af. Voetsek!
  • #136,117
  • Jul 27, 2015 10:19am Jul 27, 2015 10:19am
Quoting Guitarbloke
{quote} Not sure I see any decent pin bars on H1 on my feed. This is where I see daily support zone. Also s/r around 0.7100 as you know. Are you looking to trade with the downtrend? {image}
Hey GB, didn't take it, it didn't end up the right colour on my feed and I did as you did and looked at the bigger picture and saw the longer trend.
  • #136,118
  • Jul 27, 2015 11:42am Jul 27, 2015 11:42am
Please sign this petition

http://www.forexfactory.com/showthread.php?t=550891
Team Trader
  • #136,119
  • Edited Jul 28, 2015 4:12am Jul 27, 2015 2:00pm | Edited Jul 28, 2015 4:12am
Okay, here I go with the first lower TF trade (2H). Bearish PB/Dark cloud cover or whatever you want to call it. From swing high?

Edit: Stopped out at BE. Should have just taken 1R when I had the chance.
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Came mighty close to getting stopped out on this one today but it has fired up again. C'mon USD!
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  • #136,120
  • Jul 27, 2015 2:44pm Jul 27, 2015 2:44pm
GBPAUD 4hr

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