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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

  • #136,841
  • Sep 6, 2015 3:36pm Sep 6, 2015 3:36pm
I am thinking 42 as stop...
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  • #136,842
  • Sep 6, 2015 3:47pm Sep 6, 2015 3:47pm
Quoting minijup9615
{quote} I really like this one. I don't know about you). Thanks for the reply! @Erebus: Sorry! It's not a bearish outside bar. {image}
Well, I see a BEOVB there, you just missed it by 1 week

Why not play the Inside Bar on daily? IF price goes up first in Asian session, as it often does, that could end up being another BEOVB.

May the pips be with you
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It takes a lot for me to IGNORE you, but you can try.
  • #136,843
  • Sep 6, 2015 3:56pm Sep 6, 2015 3:56pm
Quoting Erebus
{quote} Well, I see a BEOVB there, you just missed it by 1 week Why not play the Inside Bar on daily? IF price goes up first in Asian session, as it often does, that could end up being another BEOVB. May the pips be with you {image} {image}
thanks for your post, I miss weekly beovb too..
  • #136,844
  • Sep 6, 2015 3:59pm Sep 6, 2015 3:59pm
Quoting Erebus
{quote} Well, I see a BEOVB there, you just missed it by 1 week Why not play the Inside Bar on daily? IF price goes up first in Asian session, as it often does, that could end up being another BEOVB. May the pips be with you {image} {image}
That's my plan. To sell on a retrace of the price and after that i will be protected by that PPZ. Hope it works. Take care!
  • #136,845
  • Sep 6, 2015 6:28pm Sep 6, 2015 6:28pm
Quoting SophieFX
{quote} Interesting. I am considering buying... I would consider the weekly BUOB closing back above 44.00 combined with some RSI divergence to have some sort of trend reversal potential. Or am I missing something? ...and monthly is a pin bar... {image}
We're looking @ different timeframes so both could be right.
You're looking @ weekly/monthly with SL near 42. I'm looking @ 4H/daily. I have FTA just above 43 & 2nd target near 42 so I could hit 1st & 2nd targets on the way down then price moves higher to agree with your bullish view.
Just looks a bit lower to me first but could be wrong.
Best to trade what YOU see.
  • #136,846
  • Sep 6, 2015 7:19pm Sep 6, 2015 7:19pm
XAU/USD Gold. H4 IB. BEOVB further confluence/with trend.

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OIL. H4 BEOVB.

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'Fail to plan, plan to fail'
  • #136,847
  • Sep 7, 2015 12:45am Sep 7, 2015 12:45am
Quoting SophieFX
{quote} Interesting. I am considering buying... I would consider the weekly BUOB closing back above 44.00 combined with some RSI divergence to have some sort of trend reversal potential. Or am I missing something? ...and monthly is a pin bar... {image}
Hi Sophie. Welcome to the thread. I think your analysis has much merit. Price has retraced to appx 50% of W1 BUOVB and monthly PB, so could well be ready to head north soon. I am short Oil for now, but watching closely for price to turn if/when it does. GB.
'Fail to plan, plan to fail'
  • #136,848
  • Sep 7, 2015 2:02am Sep 7, 2015 2:02am
Thank you Guitarbloke
Nice name btw :-)
I am long from 46 and will buy limit 45 with stop @ 42. We'll see how it plays out
  • #136,849
  • Sep 7, 2015 6:15am Sep 7, 2015 6:15am
Could be a bottom in Cable,
which is also indicated by higher lows in D1 MACD and the
fact that fridays high was broken after a bullish 4H outside bar.
No solid entry point narrowed down yet.
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  • #136,850
  • Sep 7, 2015 6:32am Sep 7, 2015 6:32am
Would anybody consider to play a fail of the pinbar in sugar after a break to the upside ?
The bar seems to sit above traffic and BRN of 0.1100.
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  • #136,851
  • Sep 7, 2015 7:02am Sep 7, 2015 7:02am
Quoting Kershey
Would anybody consider to play a fail of the pinbar in sugar after a break to the upside ? The bar seems to sit above traffic and BRN of 0.1100. {image}
Good spot to look for shorts for me, but if price broke above that trend line, it may be good for a few pips long to around 1250 area. All the best Kershey!
'Fail to plan, plan to fail'
  • #136,852
  • Sep 7, 2015 1:07pm Sep 7, 2015 1:07pm
EURSEK DAILY, an interesting chart to keep watching for now.

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  • #136,853
  • Sep 7, 2015 1:51pm Sep 7, 2015 1:51pm
Quoting Kershey
Would anybody consider to play a fail of the pinbar in sugar after a break to the upside ? The bar seems to sit above traffic and BRN of 0.1100. {image}
I'm watching this pair on the H4. The charts are diffrent from Oanda, however there is a BEOVB forming. It is in a very interesting spot, actually we reached supply area from 30/7/2015 - price level where people were willing to place a lot of sell orders (strong downmove followed). However, we are trading straight into S/R and EMA150. If we could manage to close below the S/R today, I'd be in.
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Only those who dare to fail greatly can ever achieve greatly. - R. Kennedy
  • #136,854
  • Sep 7, 2015 1:56pm Sep 7, 2015 1:56pm
Quoting alphac
EURSEK DAILY, an interesting chart to keep watching for now. {image}
Thanks man, i'm adding it on my watchlist. To me, it looks like a false breakout of the blue S/R rectangle you drew. Will look for signals to go long on a retrace.
Only those who dare to fail greatly can ever achieve greatly. - R. Kennedy
  • #136,855
  • Sep 7, 2015 7:12pm Sep 7, 2015 7:12pm
Quoting SophieFX
Wow, this thread is awe inspiring... been reading a couple of hours. Lots of hidden gems. I was aware of the pin bar setup, but the rest... just wow!
welcome sophie. We've been around a long time so people think all we do is "pinbars" for some reason, but glad to see you digging into the real meat of what we do

Mike
  • #136,856
  • Sep 8, 2015 1:40am Sep 8, 2015 1:40am
Hi,

Anybody looking this Entry, Trying the TT, Price rejected @ Previous support with BRN 122, Having enough space and room to move and the main thing dual fibo 61.8% retrace..

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Adhav
  • #136,857
  • Edited 2:06am Sep 8, 2015 1:49am | Edited 2:06am
GBP/CAD H4 IB.

All the best with it Adhav.

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USD/JPY H1 IB.

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'Fail to plan, plan to fail'
  • #136,858
  • Sep 8, 2015 2:10am Sep 8, 2015 2:10am
Quoting Guitarbloke
GBP/CAD H4 IB. All the best with it Adhav. {image} USD/JPY H1 IB. {image}
Thanks GB
  • #136,859
  • Sep 8, 2015 3:08am Sep 8, 2015 3:08am
Quoting Guitarbloke
GBP/CAD H4 IB. All the best with it Adhav. {image} USD/JPY H1 IB. {image}
Guitarbloke Hi, I've been watching your trading, i have the question of USD/JPY H1 IB pattern, why did you decide in that way, and not wait for the above to high of inside bar?
Sorry for my bad english
All in your hands
  • #136,860
  • Sep 8, 2015 4:43am Sep 8, 2015 4:43am
Quoting Kershey
I'm also keeping an eye on GBP/CHF. {image}
Finally traded the breakout in GBP/CHF.
Position from last week with suboptimal entry at the break,
but as it broke today it was a ballistic like reaction ,
which may be also attributed to the short squeeze in cable.


Also from last week Im short bonds from a breakout which made a new low but
eventually did not work out.
Preferable want to get out with a small loss below 50% of initial risk.
Will look how the first US session this week will show up.
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