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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

  • #140,461
  • Mar 29, 2017 1:51pm Mar 29, 2017 1:51pm
First Trouble Area
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RIP RTM
  • #140,462
  • Mar 29, 2017 2:12pm Mar 29, 2017 2:12pm
I'd want to see a BUOB engulfing those bars and closing above those highs before I'd consider it. It may break back down then you can look to sell, but if you've already bought you're in a world of pain, that's why I'd also wait for a retrace entry. The BUOB's really need to be at the bottom of a move down of price to buy on the close.


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  • #140,463
  • Mar 29, 2017 2:25pm Mar 29, 2017 2:25pm
Here's the 4 Hour chart

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  • #140,464
  • Mar 29, 2017 2:36pm Mar 29, 2017 2:36pm
The 4 Hour chart again

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  • #140,465
  • Mar 29, 2017 4:07pm Mar 29, 2017 4:07pm
Yeah alphac, I will not buy it. Or may be next time when it already near to trendline.
RIP RTM
  • #140,466
  • Mar 29, 2017 6:54pm Mar 29, 2017 6:54pm
asking for other traders opinion on this trade.....trying to discipline myself for quality trades not quantity. Guilty of jumping into trades without doing due diligence ( you know you've been there, that glazed look in the eyes) I've marked my entry level, SL and TP1 and 2. What I liked about this setup was the BEOB off a PPZ
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  • #140,467
  • Edited 8:51am Mar 30, 2017 1:12am | Edited 8:51am
Quoting crowie
asking for other traders opinion on this trade.....trying to discipline myself for quality trades not quantity. Guilty of jumping into trades without doing due diligence ( you know you've been there, that glazed look in the eyes) I've marked my entry level, SL and TP1 and 2. What I liked about this setup was the BEOB off a PPZ{image}
IMHO
Nothing bad about it.
RIP RTM
  • #140,468
  • Mar 30, 2017 8:57am Mar 30, 2017 8:57am
GBPCHF now breaks out, could well pullback before reaching upper area, two areas now to look for trades.

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  • #140,469
  • Mar 30, 2017 9:03am Mar 30, 2017 9:03am
-_-
If taking pop thru on GBPCHF will be not safe alphac.

I didnt take my Outside Bar T_T
RIP RTM
  • #140,470
  • Mar 30, 2017 9:17am Mar 30, 2017 9:17am
It depends on your atitude to risk, you could have placed a buy order above that large 'resistance' area I marked and hoped for the best, but the number of times breaks like that instantly reverse means I prefer to wait for confirmation like a pullback then look for an entry. Saying that, often after an area holds for quite a while you do get rapid moves through it, as I say it depends on your atitude to risk. Now we'll see if that area holds as support, if you look at the smaller time frames you'll see it has some already.

The outside bar you mention wasn't really an outside bar, it closed as a neutral bar like the one before it.
  • #140,471
  • Mar 30, 2017 10:01pm Mar 30, 2017 10:01pm
Quoting alphac
It depends on your atitude to risk, you could have placed a buy order above that large 'resistance' area I marked and hoped for the best, but the number of times breaks like that instantly reverse means I prefer to wait for confirmation like a pullback then look for an entry. Saying that, often after an area holds for quite a while you do get rapid moves through it, as I say it depends on your atitude to risk. Now we'll see if that area holds as support, if you look at the smaller time frames you'll see it has some already. The outside bar you mention...
Yes, alphac.
If it comes to my attitude about risk. Yes I just go away.
Im not sure about pop thru after break off of outside bar.
But if that pop thru fail. It will be good to buy on trendline.

Hei, do u look on GBPJPY?
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RIP RTM
  • #140,472
  • Mar 31, 2017 2:29am Mar 31, 2017 2:29am
GBPCHF continued, price reacts to next level.

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  • #140,473
  • Mar 31, 2017 7:14am Mar 31, 2017 7:14am
Tough pair to trade but making steady progress with the GBP strength and NZD weakness

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It takes a lot for me to IGNORE you, but you can try.
  • #140,474
  • Mar 31, 2017 8:05am Mar 31, 2017 8:05am
Quoting Erebus
Tough pair to trade but making steady progress with the GBP strength and NZD weakness {image}
Do you intend to close at the resistance area?

GBPNZD Daily chart

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  • #140,475
  • Mar 31, 2017 10:58am Mar 31, 2017 10:58am
Quoting alphac
GBPCHF continued, price reacts to next level. {image}
Wow, great then. You really made it.
RIP RTM
  • #140,476
  • Mar 31, 2017 12:51pm Mar 31, 2017 12:51pm
Quoting hendzwoter
{quote} Wow, great then. You really made it.
It just shows how helpful and powerful these simple areas can be. Plot them at the start of the week and half the work is done, set your alerts and wait for PA.

GBPCHF, price was held between the two levels and has now broken out again. If you go to the 1 hour and below charts you'll see again it retraced before a rapid move off the PPZ.

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  • #140,477
  • Apr 1, 2017 4:55am Apr 1, 2017 4:55am
GOLD
What do you think about selling gold?
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  • #140,478
  • Apr 1, 2017 6:03am Apr 1, 2017 6:03am
Quoting Alex80
GOLD What do you think about selling gold? {image}
I think it's a great area to watch, buying or selling, there is no divergence there.

Gold 4 Hour chart.

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  • #140,479
  • Apr 1, 2017 8:54am Apr 1, 2017 8:54am
NZD/CAD D1
Watch this pin bar, buy from the level of 0.9300
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  • #140,480
  • Apr 1, 2017 1:14pm Apr 1, 2017 1:14pm
Quoting Alex80
NZD/CAD D1 Watch this pin bar, buy from the level of 0.9300 {image}
Examples of MACD divergence on EURUSD 1 hour
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