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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

  • #11,921
  • Jul 23, 2008 3:56am Jul 23, 2008 3:56am
Quote
p.s. there was a dozen j16 signal bars on various pairs on the daily charts today ... i am proud to say i decided (after reviewing the pro's and con's) only to paper-trade 2 and demo one w/ small lot. and i do confess ... i was tempted to go crazy ...

you know the fx markets have a very fine mesh filter that they keep to ensure nobody dumb and non-serious tries to mess with them, it will do this by kicking silly ppl's ass that try to hit the buy/sell button on whatever moves 2 pips (qouting Jacko's wise words), these temptations will haunt you till you finally decide to leave the forex world and hand the winning trophy to this evil beast or you can fight and fight hard! punch the grinning horrid face so no teeth remain and then you'll see how cool it is to have the Alladin's Geniue in the face of your mt4...

hope you get what i am trying to inform you off
I believe . . .
  • #11,922
  • Jul 23, 2008 5:01am Jul 23, 2008 5:01am
Quoting razldazl
That cracked me up...you want pips plus excitement?
yes it is the perfect combo, and with J16 one can learn how to do it... i have also closed the NZD short for 60 pips at 0.7550 but it is still going south together with aussie, im such a chicken sometimes but better safe than sorry (greedy)

pipsja i hope you shorted the aussie
  • #11,923
  • Jul 23, 2008 6:41am Jul 23, 2008 6:41am
Quoting Flem26
A method I'm going to try tomorrow morning . . . wish me luck Bundy.
Careful!!!

Double bottoms, flags, scallops, wedges, head and shoulder patterns, dead catters, ....and a lot more... a fair list these days.

There's quite a few little tell-tale patterns, and methods of trading them, I've got in my head besides the bar setups we talk about here. Not to mention all those little situations you bank up and recognise as helping or hindering your chances depending on the instrument time of month or whatever. You got to be fully aware of your resistance support factors at the time before taking a trade. Know your chances.

You scared me when I read that!

Demo only for now,man!! PLEASE!!!
Bundy's status today: "Waiting..."
  • #11,924
  • Jul 23, 2008 7:46am Jul 23, 2008 7:46am
Quoting bundyraider
Careful!!!

Double bottoms, flags, scallops, wedges, head and shoulder patterns, dead catters, ....and a lot more... a fair list these days.

There's quite a few little tell-tale patterns, and methods of trading them, I've got in my head besides the bar setups we talk about here. Not to mention all those little situations you bank up and recognise as helping or hindering your chances depending on the instrument time of month or whatever. You got to be fully aware of your resistance support factors at the time before taking a trade. Know your chances.

You scared me when I read that!

Demo only for now,man!! PLEASE!!!
No sweat Bundy. I've day traded these daily bars in the past and have gotten away from it for a bit and was looking at starting it again. I'll proceed with mucho caution. Thanks.
"Don't trade to trade . . . trade to win." - James16
  • #11,925
  • Jul 23, 2008 9:38am Jul 23, 2008 9:38am
Quoting Flem26
No sweat Bundy. I've day traded these daily bars in the past and have gotten away from it for a bit and was looking at starting it again. I'll proceed with mucho caution. Thanks.
try to kick start it off with that inverse head SHS on Gj weekly chart...
I believe . . .
  • #11,926
  • Jul 23, 2008 11:06am Jul 23, 2008 11:06am
have these areas of resistance now become my support for purposes of placing a s/l? if so, is it best to place the s/l at the top of the region or below the bottom of the region? is this conservative? :nerd:

thanks for your help.
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"Believe nothing you hear and half of what you see." Proverb
  • #11,927
  • Edited 12:42pm Jul 23, 2008 12:31pm | Edited 12:42pm
Quoting fxgrinder
have these areas of resistance now become my support for purposes of placing a s/l? if so, is it best to place the s/l at the top of the region or below the bottom of the region? is this conservative? :nerd:

thanks for your help.
Hi,

yeah areas of resistance will often turn into sipport when and if the price decided to restest the level. as for yuor second question, yeah for long you need to have your stop just a few pips below the ppz just to be safe if the price tests the level, and again if it breakes it it's better to get stopped out, and you place your stops above the ppzs if you are going short.

BTW you looking for Gj long??

Best of luck,

Regards,
Ghous.
I believe . . .
  • #11,928
  • Jul 23, 2008 1:40pm Jul 23, 2008 1:40pm
use divergence and it makes this stuff easy.
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Keep taking CT trades, I need more money
  • #11,929
  • Jul 23, 2008 3:06pm Jul 23, 2008 3:06pm
Quoting ghous
BTW you looking for Gj long??
i'm long from the PB ...
"Believe nothing you hear and half of what you see." Proverb
  • #11,930
  • Jul 23, 2008 3:13pm Jul 23, 2008 3:13pm
Quoting Ryanmcd
use divergence and it makes this stuff easy.
good stuff ryan.

however, i think i'm years from trading on minute charts using divergence ... i mean, i can barely find the PPZ!!
"Believe nothing you hear and half of what you see." Proverb
  • #11,931
  • Jul 23, 2008 3:54pm Jul 23, 2008 3:54pm
Hi guys/gals...

I would like to post a good PA picture can someone please help me and tell me how to post an attachment picture?

69
  • #11,932
  • Jul 23, 2008 4:20pm Jul 23, 2008 4:20pm
Quoting soeasy69
Hi guys/gals...

I would like to post a good PA picture can someone please help me and tell me how to post an attachment picture?

69
scroll down from where you type your post and you will find a "manage attachment" option.
"Believe nothing you hear and half of what you see." Proverb
  • #11,933
  • Jul 23, 2008 4:27pm Jul 23, 2008 4:27pm
soeasy,

check out jarroo's instructions:

Quoting jarroo
To post a chart:

If you’re a meta trader user just right click on the meta trader chart and go to “Save As Picture”.
Then “Select the image you would like to save:” Pick “Active chart” at “600 x 600 pixels” the click “OK”
Save anywhere you want i.e. Desktop.
Then when you enter to post comments go down to “Manage Attachments” click that.
Then click “Browse” to find your pic you want to attach, i.e. Desktop.
Click the pic you want and hit “Open”, Then hit “Upload”.
Wait for it to upload then close the “Manage Attachments” window. Then make sure you hit the “Submit Reply” button that is under the “Manage Attachments” button.
Done.
"Believe nothing you hear and half of what you see." Proverb
  • #11,934
  • Edited 5:15pm Jul 23, 2008 4:51pm | Edited 5:15pm
Looks like the loonie wants to tag the 200 EMA (green) on this TBH (difference of 1 pip). Plus, cable looks like it wants to tag the 200 and 150 EMAs (green and red respectively). There is also some pretty good Fib confluence. Bars close in 10 minutes. Should I play a straight break or a break and retrace? A straight break is tempting; we'll see . . .

I'm definitely not suggesting that these are A trade setups by any means. Just making some simple observations.
Attached Image(s) (click to enlarge)
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"Don't trade to trade . . . trade to win." - James16
  • #11,935
  • Jul 23, 2008 5:30pm Jul 23, 2008 5:30pm
I still cannot find this when I scroll down to the bottom of this text area... i wonder what i am doing wrong?
  • #11,936
  • Jul 23, 2008 5:34pm Jul 23, 2008 5:34pm
Quoting soeasy69
I still cannot find this when I scroll down to the bottom of this text area... i wonder what i am doing wrong?
There should be a manage attachments button at the bottom of the reply page ("Additional Options" section) or you can get to the manage attachments popup by clicking on the little paper clip in the toolbar above the text where you type your message.

Hope that helps.
  • #11,937
  • Jul 23, 2008 6:03pm Jul 23, 2008 6:03pm
EURAUD Daily Bullish Outside Bar... Yes/No/Maybe/Maybe not ?
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Trax Tibidax Tibidox...
  • #11,938
  • Jul 23, 2008 6:54pm Jul 23, 2008 6:54pm
Hey guys and gals, here is the simplest way to trade ever! Just follow the colorful lines...
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  • #11,939
  • Jul 23, 2008 7:00pm Jul 23, 2008 7:00pm
Thanks boyrfx I finally figured it out.... daaaaaaaaaaaa.... I thought they meant to scroll down in this very chat box... down below this box I got it... thanks... Now I can post some good ones... this one was for a laugh... lol... hahaha!!!

69

Good luck and good trading!
  • #11,940
  • Jul 23, 2008 9:07pm Jul 23, 2008 9:07pm
Quoting masterpiecefx
EURAUD Daily Bullish Outside Bar... Yes/No/Maybe/Maybe not ?
I saw this as well but will pass. Look to the immediate left... sideways market. I would've taken this BUOB only if the bar broke out of the range.

Scott
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