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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

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  • Post #95,981
  • Quote
  • Jun 3, 2011 9:10am Jun 3, 2011 9:10am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting AvanishDemo
Disliked
hey Jey,since u have Salman Khan pic on ur profile..i think Katrina Kaif suits u better..lol lol
Ignored
well not a bad idea
I have seen the enemy, and it is me.
  • Post #95,982
  • Quote
  • Jun 3, 2011 9:28am Jun 3, 2011 9:28am
  •  Panthera
  • | Joined Mar 2011 | Status: Member | 101 Posts
I checked the picture very carefully and found Avanish and Kathrina on the train too!!!!
They travelling like others....
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  • Post #95,983
  • Quote
  • Jun 3, 2011 9:36am Jun 3, 2011 9:36am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting Panthera
Disliked
I checked the picture very carefully and found Avanish and Kathrina on the train too!!!!
They travelling like others....
Ignored
it looks like a first class section to me, judging by the absence of a significant crowd around them both.
I have seen the enemy, and it is me.
  • Post #95,984
  • Quote
  • Jun 3, 2011 9:41am Jun 3, 2011 9:41am
  •  supremeChaos
  • Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Quoting AvanishDemo
Disliked
Hey SC..
i mostly try to go by such trains..these are Metro Rails..Mono Rails will be coming soon..
Ignored
wow, the old & the new...
i must try both

96000 posts has just past, guys & gals
happy weekend all!
  • Post #95,985
  • Quote
  • Jun 3, 2011 9:54am Jun 3, 2011 9:54am
  •  5.25
  • Joined Jan 2011 | Status: Eeny, meeny, miny, moe | 819 Posts
Quoting 5.25
Disliked
Inside bar on usdchf daily. A pause before another move down?
Ignored
Sell limit triggered just below the inside bar. Now for the 'fun' part, trade management!
  • Post #95,986
  • Quote
  • Jun 3, 2011 9:58am Jun 3, 2011 9:58am
  •  5.25
  • Joined Jan 2011 | Status: Eeny, meeny, miny, moe | 819 Posts
Quoting supremeChaos
Disliked
wow, the old & the new...
i must try both

96000 posts has just past, guys & gals
happy weekend all!
Ignored
With posts like those above, I'm not surprised!

Happy weekend all.

(Anyone in S.Korea? I'm flying out this Sunday)

Tomek
  • Post #95,987
  • Quote
  • Jun 3, 2011 10:09am Jun 3, 2011 10:09am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting supremeChaos
Disliked
wow, the old & the new...
i must try both
Ignored
lemme know when your trying out both, would like to join the fun too
then maybe visit Phillipines with you and watch Manny Pacquiao train live...
I have seen the enemy, and it is me.
  • Post #95,988
  • Quote
  • Jun 3, 2011 10:10am Jun 3, 2011 10:10am
  •  antgal23
  • | Joined Dec 2009 | Status: Member | 389 Posts
Hi folks

Entered the break of this reverse PB off the red box. Got in at 1.3535 with a 60 pip SL. Hit 1.3606 and retraced overnight (no surprise there) by which time I had my SL to BE. Had planned to take some off at 1.3620 ish.

Price static all day at 1.3580 before forming a nice little wedge on the 1 HR, had to pop out for a bit so closed half , came back for price to have shot up to 1.3670, closed another half and moved SL up to 1.3570.

Price now at 1.3650 (no surprise there as its a minor PPZ), todays range being 130 pips so far so I will wait to see.

If we close strong at 1.3650 I think itll be a good sign for Monday alternatively, if it retraces to 1.3600 then it could suggest a sideways market.

Cheers

Anthony
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  • Post #95,989
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  • Jun 3, 2011 10:18am Jun 3, 2011 10:18am
  •  supremeChaos
  • Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Quoting Jey
Disliked
lemme know when your trying out both, would like to join the fun too
then maybe visit Philippines with you and watch Manny Pacquiao train live...
Ignored
yeah, will do
Quoting 5.25
Disliked
With posts like those above, I'm not surprised!
...
Ignored
lol. we've never had such posts in quite a while
u caught a nice $chf trade there, Tomek. manage it well...

Quoting antgal23
Disliked
..
Entered the break of this reverse PB off the red box..
Ignored
woohoo, nice trade Anthony!
  • Post #95,990
  • Quote
  • Jun 3, 2011 10:32am Jun 3, 2011 10:32am
  •  antgal23
  • | Joined Dec 2009 | Status: Member | 389 Posts
Thanks Supreme

taking these trades arent the problem

its taking and holding the others which my head says get out but I hold

If I can act quicker on getting out Ill grow my account but if not ill sink

any advice so I can get my head right to close trades when they are not working?
  • Post #95,991
  • Quote
  • Jun 3, 2011 10:52am Jun 3, 2011 10:52am
  •  Walcott
  • | Joined Mar 2010 | Status: Member | 144 Posts
NZDUSD H4

Nice setup.


I'm not confortable to take trade on Friday..
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  • Post #95,992
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  • Jun 3, 2011 11:03am Jun 3, 2011 11:03am
  •  Greenhaze
  • | Joined Mar 2008 | Status: shoe shine boy | 1,146 Posts
I was waiting for price to hit this level for ages. Its free ride now and there is h1 pb aswell. This up momentum was rather scary
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  • Post #95,993
  • Quote
  • Jun 3, 2011 11:10am Jun 3, 2011 11:10am
  •  supremeChaos
  • Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Quoting antgal23
Disliked
..taking these trades arent the problem
its taking and holding the others which my head says get out but I hold
If I can act quicker on getting out Ill grow my account but if not ill sink
any advice so I can get my head right to close trades when they are not working?
Ignored
i emphatize.
just need firmness/discipline on your part.
killing bad trades early.... i've slowly been incorporating it too
  • Post #95,994
  • Quote
  • Jun 3, 2011 11:10am Jun 3, 2011 11:10am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting Greenhaze
Disliked
I was waiting for price to hit this level for ages. Its free ride now and there is h1 pb aswell. This up momentum was rather scary
Ignored
Sorry, but what was the trigger for your entry for this trade sell?
I have seen the enemy, and it is me.
  • Post #95,995
  • Quote
  • Jun 3, 2011 11:13am Jun 3, 2011 11:13am
  •  Greenhaze
  • | Joined Mar 2008 | Status: shoe shine boy | 1,146 Posts
Quoting Jey
Disliked
Sorry, but what was the trigger for your entry for this trade sell?
Ignored
Hey Jey

It was simple touch trade without bar confirmation. I identified 0.8920 as a strong resistance. You can see those last highs on H4.
  • Post #95,996
  • Quote
  • Jun 3, 2011 11:21am Jun 3, 2011 11:21am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting Greenhaze
Disliked
Hey Jey

It was simple touch trade without bar confirmation. I identified 0.8920 as a strong resistance. You can see those last highs on H4.
Ignored
Okay, great work green.
I have seen the enemy, and it is me.
  • Post #95,997
  • Quote
  • Jun 3, 2011 11:43am Jun 3, 2011 11:43am
  •  jc.
  • | Joined Oct 2010 | Status: Member | 82 Posts
Quoting 5.25
Disliked
Inside bar on usdchf daily. A pause before another move down?
Ignored
Quoting jc.
Disliked
thank you mike! helpful like always!

interesting ib forming on usdchf. it reminds me the one on gbpchf
Ignored

hey 5.25! i'm into that one too!
  • Post #95,998
  • Quote
  • Jun 3, 2011 1:20pm Jun 3, 2011 1:20pm
  •  yomex_y2
  • | Joined Mar 2011 | Status: Member | 62 Posts
took this trade based on BUOB on 4h and a divergence on weekly tf. Hope to breakeven today and looking forward to a medium term runner nextweek. Happy weekend all

yomi
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  • Post #95,999
  • Quote
  • Jun 3, 2011 1:48pm Jun 3, 2011 1:48pm
  •  yomex_y2
  • | Joined Mar 2011 | Status: Member | 62 Posts
on another note, my prayer goes out to people in war torn countries that peace will prevail.
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  • Post #96,000
  • Quote
  • Jun 3, 2011 2:05pm Jun 3, 2011 2:05pm
  •  5.25
  • Joined Jan 2011 | Status: Eeny, meeny, miny, moe | 819 Posts
Quoting jc.
Disliked
hey 5.25! i'm into that one too!
Ignored
Nice! I'm curious to see how we'll both manage the same trade. My stop loss is already at break even.
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