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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

  • #119,101
  • Sep 26, 2012 10:04am Sep 26, 2012 10:04am
Quoting bullzeye
uhhh...wicked ...but i missed an entry
stupid question sorry, but how do you enter this one? could not see any price action... do you enter on the break of the consolidation box?
Slow & steady
  • #119,102
  • Sep 26, 2012 10:19am Sep 26, 2012 10:19am
Quoting mrluckystar
hi benyo...

im personally would not any short trade on usdcad...
reason:
1. class A divergence on stoch at daily and class b divergence on rsi..
2. weekly chart almost show a bullish enfuelging pattern (need to wait until this friday)...
3. higher tf rules lower tf...

i could be wrong...

regards.
higher TF overules lower TF....
Peace Yo!
  • #119,103
  • Sep 26, 2012 10:36am Sep 26, 2012 10:36am
Quoting mrluckystar
higher TF overules lower TF....
Hi All,

Is this a general rule that I should be sticking to in my trading?
Any other views? Mike, would you agree with this?

Thanks
"Fail to prepare, prepare to fail."
  • #119,104
  • Sep 26, 2012 10:51am Sep 26, 2012 10:51am
Quoting packhorse
Hi All,

Is this a general rule that I should be sticking to in my trading?
Any other views? Mike, would you agree with this?

Thanks
Hey pack

For me each timeframe has its own rules. Or what I say is each timeframe has its own story or ebb and flow.

We say stick to the daily/weekly while learning as most people go to lower timeframe over trade, can't process information quick enough and next thing you know blown account(i bet 75% people reading this post are nodding their heads yes).

So it's not that PA over rules other PA, I like to think of everything relative to what I am looking at. For this reason I trade nearly all timeframes IDENTICAL. BUT that still doesn't mean I suggest new traders move to lower timeframes until they can accomplish the j16 minim req. So in that respect yes stick to the higher timeframes.

Sort of answered two different questions there

Best
Mike
  • #119,105
  • Sep 26, 2012 11:01am Sep 26, 2012 11:01am
Quoting packhorse
Hi All,

Is this a general rule that I should be sticking to in my trading?
Any other views? Mike, would you agree with this?

Thanks
I can only speak for myself, but switching to higher timeframes turned me from losing to winning
  • #119,106
  • Sep 26, 2012 11:04am Sep 26, 2012 11:04am
Quoting bullzeye
EUR/USD

would like to see new lows here...my target is 1.2000

Attachment
what an ugly sell stop
  • #119,107
  • Sep 26, 2012 11:54am Sep 26, 2012 11:54am
Quoting Brixton
I can only speak for myself, but switching to higher timeframes turned me from losing to winning
that's fantastic B


Mike
  • #119,108
  • Sep 26, 2012 12:09pm Sep 26, 2012 12:09pm
price is bouncing off the 200sma on the daily chart. There might be some significance here. Or not

Olu
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If you think you can or cannot do it you are correct
  • #119,109
  • Sep 26, 2012 12:12pm Sep 26, 2012 12:12pm
Quoting jarroo
How about this one at the .8308 HCR level . .does it remind you of the EurNzd at the 1.5627 LCS . .
Thanks for your help and useful information. I have a trade right there
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  • #119,110
  • Sep 26, 2012 12:41pm Sep 26, 2012 12:41pm
german ifx on daily.
close below the 5 euro.
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meine augen sind die sterne
  • #119,111
  • Sep 26, 2012 1:32pm Sep 26, 2012 1:32pm
Quoting tinkerbelle
what an ugly sell stop


do you know the story of the ugly duckling?
  • #119,112
  • Sep 26, 2012 1:42pm Sep 26, 2012 1:42pm
Quoting bullzeye
very good buddy, i think mike would be liking this one too. A nice PPZ area and good looking BEOB, Meshka mentioned this one already ...

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GBP/USD

this one has begun to run...a lot of space down there

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  • #119,113
  • Sep 26, 2012 1:52pm Sep 26, 2012 1:52pm
  •  sg_1988
  • | Joined Dec 2011 | Status: Cause I'm P*ssed Off For Greatness | 70 Posts
Hi,

What do you guys think of a potential touch trade back at the 0.81000 level if we can get a close above it.

Got potential PA with a BUOB off the 150ema.

I think we could maybe reach the 0.82000 level.

Kind Regards
Sanil
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  • #119,114
  • Sep 26, 2012 1:59pm Sep 26, 2012 1:59pm
Quoting patapouer
stupid question sorry, but how do you enter this one? could not see any price action... do you enter on the break of the consolidation box?
I'm watching GOLD close. Here is my view.
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If not up, then down, otherwise sideways :-)
  • #119,115
  • Sep 26, 2012 2:00pm Sep 26, 2012 2:00pm
Quoting bullzeye
GBP/USD

this one has begun to run...a lot of space down there

Attachment
I'm also in that one at 1.6166. Lets see.
If not up, then down, otherwise sideways :-)
  • #119,116
  • Sep 26, 2012 2:18pm Sep 26, 2012 2:18pm
Quoting Magestic
I'm watching GOLD close. Here is my view.
be careful buddy,trading metals can be very though and dangerous (especially gold)... i will wait for clear reversal signs: maybe just after the break of this beautiful BEOB on weekly?

wish you all the best on this one

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  • #119,117
  • Sep 26, 2012 2:31pm Sep 26, 2012 2:31pm
Hi Bullzeye
What are your thoughts on these 2 "setup" valid or not - cad.yen and eur.nzd?
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  • #119,118
  • Edited 3:14pm Sep 26, 2012 2:43pm | Edited 3:14pm
Quoting moneyrunner
Hi Bullzeye
What are your thoughts on these 2 "setup" valid or not - cad.yen and eur.nzd?
hey bro,

EUR/NZD is a good one...look on the weekly: nice downtrend and an BEOB, i have my self a sellstop order there

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  • #119,119
  • Sep 26, 2012 2:48pm Sep 26, 2012 2:48pm
Quoting moneyrunner
Hi Bullzeye
What are your thoughts on these 2 "setup" valid or not - cad.yen and eur.nzd?
CAD/JPY i think you coming a lil late...look on this BEOB, we should sold this one after the break...now i would wait for clear PA there and the break of the TL

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  • #119,120
  • Sep 26, 2012 3:09pm Sep 26, 2012 3:09pm
Thanks for the input much appreciated....second opinion always helps....
Later
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