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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

  • #139,301
  • Jun 21, 2016 3:18pm Jun 21, 2016 3:18pm
Quoting Bill618
So, what are y'all doing about Brexit... holding your trades, getting out the day before regardless of where they are at, looking to play the news, playing it by ear, inviting your friends around for a Brexit BBQ?? Finally some movement in Eur/Cad. {image}
Man I hope people play it safe I will be flat going into it and really don't intend to get involved till next week. Liquidity will be low, margin requirements increased, spreads(who knows how big). Be very careful folks.

i've been dabbling in some gap trades this week with tiny positions but do intend to be flat and take off thurs/fri and re-evaluate monday

Whatever you choose be cautious!

Mike
  • #139,302
  • Jun 21, 2016 6:00pm Jun 21, 2016 6:00pm
Daily pinbar on supply and now beob on supply. I'm entry on break of pin.+ BRN & STRONG DIVERGENCE
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  • #139,303
  • Edited 7:59pm Jun 21, 2016 7:33pm | Edited 7:59pm
Quoting Bill618
So, what are y'all doing about Brexit... holding your trades, getting out the day before regardless of where they are at, looking to play the news, playing it by ear, inviting your friends around for a Brexit BBQ?? Finally some movement in Eur/Cad. {image}
Barby sounds the go Bill! Loving your weekly charts.

Nice one Mak.

No PM's please folks unless the talk is motorbike engine rebuilds, strategies on BBQing peppers, or i know you. Post a chart here if you want to yap, and re-read page 1 post 1 and all it's links. Get the info first hand, not through me. That's all you need to know.

OIL/USD D1 PB/BUOVB. Small bar but like the location. Closing above 50.00. Looking to get in on a dip.

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USD/JPY H1 2 hr PB.

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'Fail to plan, plan to fail'
  • #139,304
  • Jun 21, 2016 7:58pm Jun 21, 2016 7:58pm
Quoting Guitarbloke
{quote} Barby sounds the go Bill! Loving your weekly charts. Nice one Mak. No PM's please folks unless the talk is motorbike engine rebuilds, strategies on BBQing peppers, or i know you. Post a chart here if you want to yap, and re-read page 1 post 1 and all it's links. Get the info first hand, not through me. That's all you need to know.
Knew you'd go for the barby mate. Here's you at the last one...
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  • #139,305
  • Jun 21, 2016 8:07pm Jun 21, 2016 8:07pm
Quoting Bill618
{quote} Knew you'd go for the barby mate. Here's you at the last one... {image}
Many might say the resemblance is uncanny!
'Fail to plan, plan to fail'
  • #139,306
  • Jun 22, 2016 2:38am Jun 22, 2016 2:38am
OIL/USD D1 PB/BUOVB. Small bar but like the location. Closing above 50.00. Looking to get in on a dip.

Why would you even consider this? has nothing really going for it, it's just another bar, not even a pin bar. Wait for great setups with confluence and PA like the Aud Usd 1 hr Incognito posted yesterday, otherwise you're just gambling with the odds against you.
  • #139,307
  • Edited 12:49pm Jun 22, 2016 3:04am | Edited 12:49pm
Quoting alphac
OIL/USD D1 PB/BUOVB. Small bar but like the location. Closing above 50.00. Looking to get in on a dip. Why would you even consider this? has nothing really going for it, it's just another bar, not even a pin bar. Wait for great setups with confluence and PA like the Aud Usd 1 hr Incognito posted yesterday, otherwise you're just gambling with the odds against you.
Because it's going up. Trend is up and some other secret sauce lol. Worth it for me. (AUD/USD H1 BEOVB entry posted earlier). Thanks, GB.
'Fail to plan, plan to fail'
  • #139,308
  • Edited 9:12am Jun 22, 2016 5:38am | Edited 9:12am
AUD/USD D1. Wonder if this is ready to move higher soon? Keeping an eye on it. Hope not for now as a few of us are short.

Edit: stopped out. If price closes and trades above 0.75000 will be looking to buy. And take this sucker to around 0.77000

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'Fail to plan, plan to fail'
  • #139,309
  • Jun 22, 2016 9:41am Jun 22, 2016 9:41am
Quoting Guitarbloke
AUD/USD D1. Wonder if this is ready to move higher soon? Keeping an eye on it. Hope not for now as a few of us are short. Edit: stopped out. If price closes and trades above 0.75000 will be looking to buy. And take this sucker to around 0.77000 {image}
I also got stopped out, GB. Not full bar though.
A nice rally and pullback to 0.75 would be nice to get long. I’ll be taking a little break until the Brexit storm has passed.

Quoting Bill618
{quote} Knew you'd go for the barby mate. Here's you at the last one... {image}
Good golly, at first glance of that picture I saw something completely different. What a perverted mind I have
  • #139,310
  • Jun 22, 2016 9:48am Jun 22, 2016 9:48am
Quoting incognito517
{quote} I also got stopped out, GB. Not full bar though. A nice rally and pullback to 0.75 would be nice to get long. Ill be taking a little break until the Brexit storm has passed. {quote} Good golly, at first glance of that picture I saw something completely different. What a perverted mind I have
Spot on on both counts. A/U Still could go south.
'Fail to plan, plan to fail'
  • #139,311
  • Jun 22, 2016 10:03am Jun 22, 2016 10:03am
Quoting Guitarbloke
A/U Still could go south.
Indeed. Another large h1 BEOB. Hmmm what to do...
  • #139,312
  • Jun 22, 2016 10:06am Jun 22, 2016 10:06am
Do we trade off the hourly time frame too?
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #139,313
  • Jun 22, 2016 10:12am Jun 22, 2016 10:12am
Quoting dustbin
Do we trade off the hourly time frame too?
All time frames
  • #139,314
  • Jun 22, 2016 10:29am Jun 22, 2016 10:29am
Quoting dustbin
Do we trade off the hourly time frame too?
Yes, but no. Daily and weekly TF are a good place to start. But it is up to you. Demo and find out.
'Fail to plan, plan to fail'
  • #139,315
  • Edited 11:45am Jun 22, 2016 11:24am | Edited 11:45am
Quoting incognito517
{quote} Indeed. Another large h1 BEOB. Hmmm what to do...
I am suspicious of current market activity...... Could be a ploy, on a/u to soak up sellers and go north to supply area? Of course, trade what u see. lol.... patience i think. Or don't trade till brexis is over.
'Fail to plan, plan to fail'
  • #139,316
  • Jun 22, 2016 12:49pm Jun 22, 2016 12:49pm
Quoting Guitarbloke
{quote} Because it's going up. Trend is up and some other secret sauce lol. Worth it for me. (AUD/USD H1 BEOVB entry posted earlier). Thanks, GB.

Wrong GB. Oil going down for now. Stopped out. What's the lesson? Don't buy or sell in the middle.
'Fail to plan, plan to fail'
  • #139,317
  • Jun 22, 2016 1:59pm Jun 22, 2016 1:59pm
I still watching that nzd
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  • #139,318
  • Jun 22, 2016 2:27pm Jun 22, 2016 2:27pm
Quoting Maklla
I still watching that nzd {image}
There is no MACD divergence, if price is rising you need MACD going down and vice versa.

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  • #139,319
  • Jun 23, 2016 4:55am Jun 23, 2016 4:55am
Wow, I definitely got on the wrong side of that!

Talk about a full bar loss... I haven't had that happen for a while.
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  • #139,320
  • Jun 23, 2016 5:16am Jun 23, 2016 5:16am
NzdUsd Daily

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NzdJpy Daily, don't need a MACD to see the divergence

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