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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

  • #137,481
  • Nov 3, 2015 1:59am Nov 3, 2015 1:59am
GBPNZD - on daily we have nice divergence. As you look back to march/april it worked nice. Looking for breaking strong resistance zone 2.3000-2.3050.
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  • #137,482
  • Nov 3, 2015 6:41am Nov 3, 2015 6:41am
Hi all,
I was waiting with stop sell but canceled it when the candle went up high. In my opinion it would be no so bad entry.
I am putting this post since I was waiting few days already for a entry - this is a new skill for me
I welcome your comments and critics.
Cheers.
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  • #137,483
  • Nov 3, 2015 6:42am Nov 3, 2015 6:42am
Quoting peyta
Nice BUOB on AUDCHF H4 TF, touching TL, in UP channel. Waiting for solid retracement at 0.7055 to buy. Â Â {image}
be careful of the resistance nearby. Maybe should buy when it breaks and wait for retest on resistance turns support
  • #137,484
  • Nov 3, 2015 6:43am Nov 3, 2015 6:43am
Quoting peyta
GBPNZD - on daily we have nice divergence. As you look back to march/april it worked nice. Looking for breaking strong resistance zone 2.3000-2.3050. {image}
Hi peyta,
I am not expert but you need price to make new low to call it divergence. If price does not make new h/l you'll always have this kind of divergence.
Cheers.
  • #137,485
  • Nov 3, 2015 7:15am Nov 3, 2015 7:15am
Quoting keziahpie
{quote} be careful of the resistance nearby. Maybe should buy when it breaks and wait for retest on resistance turns support
Thanks. I'm aware of resistance there. That's why I plan to enter low (0.7050/55) and will have potential for more than 2:1 (profit/risk) ratio even if it hits resistance and starts to come back.
  • #137,486
  • Nov 3, 2015 7:33am Nov 3, 2015 7:33am
Quoting vanilla.sky
{quote} Hi peyta, I am not expert but you need price to make new low to call it divergence. If price does not make new h/l you'll always have this kind of divergence. Cheers.
Hi vanilla.sky
I'm not an expert too, but I've seen some guys on trading courses showing that sometimes if there is consolidation (price ranges within rectangular) and RSI consistently indicates some direction rather than range too, we can use that. I'm aware this solely can't be the reason to trade because it's weak signal but together with few others confirmations I think it's worth a try.
  • #137,487
  • Nov 3, 2015 7:54am Nov 3, 2015 7:54am
Quoting peyta
{quote} Hi vanilla.sky I'm not an expert too, but I've seen some guys on trading courses showing that sometimes if there is consolidation (price ranges within rectangular) and RSI consistently indicates some direction rather than range too, we can use that. I'm aware this solely can't be the reason to trade because it's weak signal but together with few others confirmations I think it's worth a try.
Hi peyta,
I was not aware of it. Thanks for info.
Cheers.
  • #137,488
  • Nov 3, 2015 10:32am Nov 3, 2015 10:32am
Nice resistance line on the AUD/USD pair 4 hour chart.
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  • #137,489
  • Edited 2:10pm Nov 3, 2015 1:59pm | Edited 2:10pm
Audjpy
buob, r:r 1:1
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  • #137,490
  • Nov 4, 2015 4:56am Nov 4, 2015 4:56am
GBPAUD, this is looking good for a long position of 12-hr TF.
  • #137,491
  • Nov 4, 2015 4:58am Nov 4, 2015 4:58am
Anyone know what happen to the new website that come with live trade call? No more?
  • #137,492
  • Nov 4, 2015 7:22am Nov 4, 2015 7:22am
Quoting keziahpie
Anyone know what happen to the new website that come with live trade call? No more?
It's coming k
  • #137,493
  • Nov 4, 2015 8:49am Nov 4, 2015 8:49am
Hey guys. Want feedback and opinion on my 2 trades if you don't mind

1. EUR/CAD Daily Risk 3% now moved to BE (free trade now)
Reason for trade:
- Seen weakness in market
- close down beneath important level
- See a lot of signals going down and expecting continuation. Entry at break of an IB (the last red arrow).

2. EUR/JPY H4 Risk already reduced to 1.5 %
Reason for trade:
- Market closes below important level on daily, retrace but cannot past there (possible resistance). Expecting further downmove
- Move down to H4 and entry at IB (not perfect though) break there . IB on red circle

Is my thought process good? Or there's something I'm missing? Thanks.
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  • #137,494
  • Nov 4, 2015 12:43pm Nov 4, 2015 12:43pm
short cable after bearish outside bar and D1 pin.
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  • #137,495
  • Nov 5, 2015 2:07am Nov 5, 2015 2:07am
DAX
BeOB on Daily. Targeting the gap at 10555 area.
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Keeping it Simple
  • #137,496
  • Nov 5, 2015 11:54am Nov 5, 2015 11:54am
Hi,
I entered AUDUSD on breakout after BUEB then realized that I am in downtrend so closed @ BE.
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  • #137,497
  • Nov 5, 2015 11:57am Nov 5, 2015 11:57am
Anyone watching EURGBP? We have breakout, then pullback and BUEB with confluence with horizontal line.
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  • #137,498
  • Nov 5, 2015 12:30pm Nov 5, 2015 12:30pm
Nice divergence on USDCAD H1, in consolidation all day, possible break-out on low band of rectangle. Strong volume is in play.
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  • #137,499
  • Nov 5, 2015 12:39pm Nov 5, 2015 12:39pm
Quoting vanilla.sky
Anyone watching EURGBP? We have breakout, then pullback and BUEB with confluence with horizontal line. {image}
Looks promising. RSI trendline (momentum) broken. I would wait for 0.7100 testing on retrace, if it holds then it might be good level to buy. Still we will have a possibility of going to BRN at 0.7000 in near future, so that could be only short-time trade.
  • #137,500
  • Nov 5, 2015 1:12pm Nov 5, 2015 1:12pm
Quoting peyta
Nice divergence on USDCAD H1, in consolidation all day, possible break-out on low band of rectangle. Strong volume is in play. {image}
divergence doesn't exist in a range market.
could be a nice breakout though...
meine augen sind die sterne
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