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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

  • #140,161
  • Jan 22, 2017 3:50pm Jan 22, 2017 3:50pm
EURAUD
Another weekly pinbar worth watching.
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Keeping it Simple
  • #140,162
  • Jan 22, 2017 4:49pm Jan 22, 2017 4:49pm
Quoting habeeb
{quote} Hi hendzwoter, I really can't say. I'm not so clued up with indicators and divergence. Maybe someone else is able to assist.
@hendzwoter, Divergence basically is price moving one way whilst your indicator is moving the opposite way, you use the tops or bottoms of price (not through price bars). Can be used as a confirmation tool, using divergence alone isn't recommended, after a while you will be able to see divergence without an indicator (price 'rolling over'). I think there's some free videos on the J16 site or the youtube channel which may help you.

This example is price highs getting higher and MACD highs getting lower.

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  • #140,163
  • Jan 22, 2017 4:55pm Jan 22, 2017 4:55pm
Quoting habeeb
EURAUD Another weekly pinbar worth watching. {image}
Was also watching this area, was hoping for a big green bar forming a 2 day BUOB on Friday to complete the rejection of that area but it never happened.

EURAUD Daily chart.

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  • #140,164
  • Jan 22, 2017 5:31pm Jan 22, 2017 5:31pm
Quoting habeeb
{quote} Hi hendzwoter, I really can't say. I'm not so clued up with indicators and divergence. Maybe someone else is able to assist.
Hehehe... It just.... Just forget it. I think Im just too newbie asking this question.
Just found the answer actually. And feeling stupid with my own question. LOL.
Â
Thanks to alphac.
Â
But this. There is a way that we can see divergence without indicator.
And sometimes it makes me confused. Hehe
RIP RTM
  • #140,165
  • Jan 22, 2017 11:58pm Jan 22, 2017 11:58pm
USDCHF Weekly approaching 0.9950 pivot zone, will be watching PA there for buy opp... will look in 4 hr chart for bullish PA bar...
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  • #140,166
  • Jan 23, 2017 1:40am Jan 23, 2017 1:40am
Day chart of GU , it may take more than 1 weeks
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  • #140,167
  • Jan 23, 2017 7:11am Jan 23, 2017 7:11am
NZDCHF
Retrace entry short from 0.7195
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  • #140,168
  • Jan 23, 2017 10:05am Jan 23, 2017 10:05am
USDJPY
Deep retrace of the weekly pinbar to 113 area. Long from here seems okay. There's a gap that needs filling.
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  • #140,169
  • Jan 23, 2017 10:23am Jan 23, 2017 10:23am
looks like a continuation pattern

Quoting habeeb
USDJPY Deep retrace of the weekly pinbar to 113 area. Long from here seems okay. There's a gap that needs filling. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #140,170
  • Jan 23, 2017 10:28am Jan 23, 2017 10:28am
Quoting Bones
looks like a continuation pattern {quote}
Like a cup-and-handle?
Keeping it Simple
  • #140,171
  • Jan 23, 2017 10:33am Jan 23, 2017 10:33am
EURAUD
I missed the earlier entry from the left eye's level. Hoping for a second chance from the BeOB that formed on the 4hr, to have a better price to go long.
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  • #140,172
  • Jan 23, 2017 10:38am Jan 23, 2017 10:38am
Hi Habeeb nice to see you back ,do you take over from Mike ?
no i mean its not trustworthy for bullish ,long red prior

Quoting habeeb
{quote} Like a cup-and-handle?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #140,173
  • Jan 23, 2017 4:17pm Jan 23, 2017 4:17pm
Quoting Bones
Hi Habeeb nice to see you back ,do you take over from Mike ? no i mean its not trustworthy for bullish ,long red prior {quote} {image}
No, not taking over. Just have some time to post now. I'll probably be missing again soon.

Thanx for the chart. Exited trade at -34

I've just seen a gap around the 106.60 area. There's a 61.8% fibo in that area as well. Seems like price wants to close that gap first.
Keeping it Simple
  • #140,174
  • Jan 23, 2017 4:58pm Jan 23, 2017 4:58pm
$ looks to be teetering on the edge
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #140,175
  • Jan 24, 2017 1:06am Jan 24, 2017 1:06am
Quoting Bones
$ looks to be teetering on the edge {image}
This pair seems confused
Back above 113 now.
Keeping it Simple
  • #140,176
  • Jan 24, 2017 1:09am Jan 24, 2017 1:09am
EURAUD
1hr pin off the 1.4150 area to go long. Same direction as the weekly pin.
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  • #140,177
  • Jan 24, 2017 1:13am Jan 24, 2017 1:13am
EURAUD
That 1hr pinbar turned into this 4hr BuOB. You'd be at breakeven by now if you caught the 1hr pin.
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Keeping it Simple
  • #140,178
  • Edited 7:58am Jan 24, 2017 2:21am | Edited 7:58am
People said that Im a scam which I do not know why. Anyway, thats it. Happy trading!
  • #140,179
  • Jan 24, 2017 2:56am Jan 24, 2017 2:56am
Quoting Ir1sh
It is sad to say , but Mike (mbqb11) has officially retired from the james16 group and is now working for stocktwits! Best of luck Mike and thanks a ton for all you've given across the years ! One of the Giants of this thread put to rest https://g.co/kgs/kt5YRP
What...! Why...!? I feel gutted. Goodbye dude, thanks for everything and all the best for the future.
  • #140,180
  • Jan 24, 2017 3:00am Jan 24, 2017 3:00am
Quoting habeeb
NZDCHF Retrace entry short from 0.7195 {image}
I shorted the H1 PPZ on the way up with an initial 30 point stop, let's see if it can hold and keep us below. Good luck.
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