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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

  • #9,381
  • Mar 4, 2008 6:01am Mar 4, 2008 6:01am
Quoting Swami S
Tempted to move stop to just above .9905
  • #9,382
  • Mar 4, 2008 6:08am Mar 4, 2008 6:08am
Closed for now 15 min pin against.
capital presevation 101
Something was niggling that the signal was not a bit higher
May reshort if it breaks .9855
GOD IS NOT SHORT OF CASH
  • #9,383
  • Mar 4, 2008 6:29am Mar 4, 2008 6:29am
Quoting Swami S
Closed for now 15 min pin against.
capital presevation 101
Something was niggling that the signal was not a bit higher
May reshort if it breaks .9855
Bounced right off the gap.
  • #9,384
  • Mar 4, 2008 6:31am Mar 4, 2008 6:31am
Hi guys,

I'm new to this thread and am sure that you guys get this question a lot, but please bear with me. Do you recommend me reading this thread from the start or was everything summarised in one of the posts?

Regards

Werner
Phil419
  • #9,385
  • Mar 4, 2008 6:36am Mar 4, 2008 6:36am
Quoting wernbrenk
Hi guys,

I'm new to this thread and am sure that you guys get this question a lot, but please bear with me. Do you recommend me reading this thread from the start or was everything summarised in one of the posts?

Regards

Werner
Werner,

yes, I recommed to read this thread. You cannot summarise this konwledge in one post. I have read this thread twice so far, it takes time but its worth it. Take you time, not only for reading but also for the progress in trading. It takes some time to see the patterns.

Kpt
  • #9,386
  • Mar 4, 2008 6:39am Mar 4, 2008 6:39am
Quoting wernbrenk
Hi guys,

I'm new to this thread and am sure that you guys get this question a lot, but please bear with me. Do you recommend me reading this thread from the start or was everything summarised in one of the posts?

Regards

Werner
I wish it were that easy. I would suggest reading some of the beginning pages and then you will get a good idea as how to skim over conversation, but not miss the important discussions. Did that make sense?
  • #9,387
  • Mar 4, 2008 6:53am Mar 4, 2008 6:53am
The reason I'm asking is so that I only eat the meat and skip all the conversation. What about only checking the different images etc. attached to this thread?

Again, I'm not lazy. I'm just not interested in the casual conversation.

Regards

Werner
Phil419
  • #9,388
  • Mar 4, 2008 6:56am Mar 4, 2008 6:56am
hey Hipster seen usd sgn?
I'm going to see if i can get a retracement back into beob although given the trend ......

Lonnie is gonna get it too if I get a sign off .9900 then .9950- 1.000
GOD IS NOT SHORT OF CASH
  • #9,389
  • Mar 4, 2008 6:58am Mar 4, 2008 6:58am
Ideal pin zone IMHO
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GOD IS NOT SHORT OF CASH
  • #9,390
  • Mar 4, 2008 7:53am Mar 4, 2008 7:53am
Quoting bundyraider
Hi Shay,

That pin is too buried in the action around it. Looks more like a part of consolidation. Heading sideways.

Also check out the daily chart. We've just had a strong day heading down.

The pin bar itself looks great. Just really badly positioned.
thanks....i took it....tr achived quikly....
  • #9,391
  • Mar 4, 2008 10:42am Mar 4, 2008 10:42am
Quoting wernbrenk
The reason I'm asking is so that I only eat the meat and skip all the conversation. What about only checking the different images etc. attached to this thread?

Again, I'm not lazy. I'm just not interested in the casual conversation.

Regards

Werner
Hey Werner,
just checking the images will not work, as there are as many nuggets in between. I second Hipster´s advice: Go read the first 20-30 pages and you have a basic knowledge and know which posts (especially by whom) to stop by for a careful read when striving on. Unfortunately there is no shortcut to the ton of info within this thread. But your time won´t be wasted I promise.

take care
RM
  • #9,392
  • Mar 4, 2008 11:24am Mar 4, 2008 11:24am
Quoting Swami S
Ideal pin zone IMHO
Well she's there curtesy of a double interest drop making the need for strong pa even more essential........
GOD IS NOT SHORT OF CASH
  • #9,393
  • Mar 4, 2008 11:29am Mar 4, 2008 11:29am
All,
Just wanted to post an update on my post 9329.
Thanks for all advice so far.
Cheers
Colin.
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  • #9,394
  • Mar 4, 2008 11:33am Mar 4, 2008 11:33am
Quoting bundyraider
Don't stress Shay, we are waiting for a retracement anyway on this pair. I played an Outside bar or Inside bar (can't remember!) and I'm out, waiting for a good re-entry. Wasn't expecting to have a trade at the point. It just showed up in front of me.

You missed the pin retrace here. So did I. (And I don't care. Neither should you. )

The last thing you want to do is get upset at missing an oppurtunity. They happen all the time. We just need to wait.
Getting toey is the road to ruin.
Hi Bundyraider,

I Think short..... the ret is here...what you think....?

Thanks
Shay
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  • #9,395
  • Mar 4, 2008 12:09pm Mar 4, 2008 12:09pm
check out PA on gold and oil... this isn't just a profit taking...

are we going to get stronger $ in days to come, central bankers intervention?
...perhaps.. let's see...
I'm sure those, who know will make a killing... follow the big footsteps
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  • #9,396
  • Mar 4, 2008 12:42pm Mar 4, 2008 12:42pm
Quoting shayb
I Think short..... the ret is here...what you think....?
What do I think? ...I think I should tidy up my chart.

Looked alright until I zoomed out to the daily. LOL

Anyway, still waiting.

You want to wait for confirming price action. As always.

For example:

Maybe we will get a pin bar or good bearish outside bar off of the thick orange line. Maybe an inside bar play.

Or maybe it will keep going up!

We'll see when we get there.
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Bundy's status today: "Waiting..."
  • #9,397
  • Mar 4, 2008 12:54pm Mar 4, 2008 12:54pm
Quoting Swami S
hey Hipster seen usd sgn?
I'm going to see if i can get a retracement back into beob although given the trend ......

Lonnie is gonna get it too if I get a sign off .9900 then .9950- 1.000
Hey Swami, I had meetings today. Cad out at BE.
Yeah, the snail as usual is trending on. Not sure what it takes to change its mind...
Is a weak dollar in anyone's favor?
  • #9,398
  • Mar 4, 2008 1:23pm Mar 4, 2008 1:23pm
Quoting raczekfx
check out PA on gold and oil... this isn't just a profit taking...
Good!

I'd have hated to have been out when it hit $1000 (gold, not oil. ...yet. LOL) . I got out at $971 a few days ago. lol

It needs a breather at least.

Expansions...
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Bundy's status today: "Waiting..."
  • #9,399
  • Edited 2:35pm Mar 4, 2008 2:23pm | Edited 2:35pm
Quoting bundyraider
What do I think? ...I think I should tidy up my chart.

Looked alright until I zoomed out to the daily. LOL

Anyway, still waiting.

You want to wait for confirming price action. As always.

For example:

Maybe we will get a pin bar or good bearish outside bar off of the thick orange line. Maybe an inside bar play.

Or maybe it will keep going up!

We'll see when we get there.
I am waiting too , i am thinking short (it may go up)....but not sure in which TF to look for PA...?

Thanks
Shay
  • #9,400
  • Edited 5:01pm Mar 4, 2008 3:46pm | Edited 5:01pm
First post...., but Daily on the Eur/GBP looking heavy?? Nearly a PB on 2/29, two doji's since (ignoring Sunday bar) and a a few pips from a triple high... About 2 hours to close.... Worth watching for some PA the other way?? Of course Eur/Usd (daily) looks very similar and G/U is forming a triangle... Somethings gotta give?
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