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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

  • #15,021
  • Nov 5, 2008 3:12pm Nov 5, 2008 3:12pm
god that sounds like a load of fun. made me wanna do it just reading it.

jim

Quoting tehuringa
Bugger!!....I've been away on a trading/internet-free sojourn in tropical Queensland and missed the 1000 page party

Congrats Jim, Mike and the crew here....I'll make it to the 2000 post party I promise.

Good trading all.
  • #15,022
  • Nov 5, 2008 3:20pm Nov 5, 2008 3:20pm
Quoting james16
god that sounds like a load of fun. made me wanna do it just reading it.

jim
im very happy it had this effect on u..only goes to show that doing great deeds only gives blessings in return..
  • #15,023
  • Nov 5, 2008 3:31pm Nov 5, 2008 3:31pm
The James16 Chart Thread ....

Stay tuned everyday on your favourite Fx forum on the net ...!!!
What a beautiful telenovela !!!

  • #15,024
  • Nov 5, 2008 3:47pm Nov 5, 2008 3:47pm
Speaking of price action across a whole range of tradable instruments...I'm waiting for something to occur at this important chart point in Soybeans...

Jim, hope you are well...it's Christmas soon...might have to rustle up some of those shortbreads again...lol
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  • #15,025
  • Nov 5, 2008 3:55pm Nov 5, 2008 3:55pm
Will a breakout of this flag continuation pattern take us through the double top in the European bond market (Bunds)?
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  • #15,026
  • Nov 5, 2008 4:03pm Nov 5, 2008 4:03pm
hello wiz,

i always enjoy seeing you post in the thread. this gives me a segway.

i like to watch the weekly chart on quite a few commodity markets. especially those that must still be traded thru the pit. many are going electronic like soybeans which makes things much much easier.

waiting 10 minutes on a fill while basing your trading on a daily chart can be really tough. stay on weekly in a pit traded market. pit traded markets would include meats/some energies/softs like coffee/cocoa etc..
even some current electronic markets still have liquidity problems compared to there pit counterpart. you have to be careful.

you just gotta dig in and spend some time learning just like anything else.







Quoting the_wizard
Speaking of price action across a whole range of tradable instruments...I'm waiting for something to occur at this important chart point in Soybeans...

Jim, hope you are well...it's Christmas soon...might have to rustle up some of those shortbreads again...lol
  • #15,027
  • Nov 5, 2008 4:07pm Nov 5, 2008 4:07pm
Quoting james16
you have made me a better trader, a better person, a better husband, a better father and a better world citizen.
You are a Good man Jim. Thanks for sharing this hard earned knowledge with us and Congrats for crossing the 1000 mark.
Find an Edge. Only way to succeed in this business.
  • #15,028
  • Nov 5, 2008 4:10pm Nov 5, 2008 4:10pm
i dont know but that sure is a nice pivot zone at 11600. i also noticed the pin bar at a double top at 11700 that was an easy trade to the 11600 level. real nice pivot zone at 11300 as well.

jim

Quoting the_wizard
Will a breakout of this flag continuation pattern take us through the double top in the European bond market (Bunds)?
  • #15,029
  • Nov 5, 2008 4:10pm Nov 5, 2008 4:10pm
i also took that hum trade. it was perfect.

Quoting james16
chart
  • #15,030
  • Nov 5, 2008 4:13pm Nov 5, 2008 4:13pm
great raz,

how are you guys screening for these set ups?

jim

Quoting Razorman
i also took that hum trade. it was perfect.
  • #15,031
  • Nov 5, 2008 4:14pm Nov 5, 2008 4:14pm
thats very kind of you jatt. i appreciate it.

jim

Quoting jattputt
You are a Good man Jim. Thanks for sharing this hard earned knowledge with us and Congrats for crossing the 1000 mark.
  • #15,032
  • Nov 5, 2008 4:35pm Nov 5, 2008 4:35pm
Quoting james16
i dont know but that sure is a nice pivot zone at 11600. i also noticed the pin bar at a double top at 11700 that was an easy trade to the 11600 level. real nice pivot zone at 11300 as well.

jim
Hey Jim,

I took the hourly pin at the double top too although for some reason I only got a scratch out of it...can't remember what mistake I made now...probably getting my stop to BE too quick....got a nice trade off though when it came back into the resistance, broke out the hourly flag and then failed, forming an inside bar...that was a nice trade...I love these Bunds...no one trades them at my firm anymore. The last guy who was in them for a couple of years left for the Eurostoxx saying that the price action was unreadable in the Bunds...guess they spend too long looking at the size on the bids and offers and not on the bars themselves lol
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  • #15,033
  • Nov 5, 2008 4:38pm Nov 5, 2008 4:38pm
Actually quick question Jim from one fellow Bund trader to another

What do you think of this setup circled?

Price was in the middle of a range i.e. the large hourly flag but it rallied into an hourly pivot and the 61 fib of the swing and then formed a nice pin. I got short at the bottom, stayed in it for 36 hours before being stopped out.

I thought I was onto something....

In your opinion, was it a good trade that was just unlucky or should I have stayed away while it was in the middle of the big range like that?
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  • #15,034
  • Nov 5, 2008 5:13pm Nov 5, 2008 5:13pm
well i started to say a lot and then noticed something about your set up. before i say does anyone else see what i see?

jim

Quoting the_wizard
Actually quick question Jim from one fellow Bund trader to another

What do you think of this setup circled?

Price was in the middle of a range i.e. the large hourly flag but it rallied into an hourly pivot and the 61 fib of the swing and then formed a nice pin. I got short at the bottom, stayed in it for 36 hours before being stopped out.

I thought I was onto something....

In your opinion, was it a good trade that was just unlucky or should I have stayed away while it was in the middle of the big range like that?
  • #15,035
  • Nov 5, 2008 5:17pm Nov 5, 2008 5:17pm
some of you come by the guest area from time to time. i just posted a 10 minute video there under guest material and under my name dated for today.

anytime something new goes up on the guest side i will try and remember to let you guys/gals know.

jim
  • #15,036
  • Nov 5, 2008 5:19pm Nov 5, 2008 5:19pm
Quoting james16
well i started to say a lot and then noticed something about your set up. before i say does anyone else see what i see?

jim
I think I know what you see. Personally I'd have been looking around the time frames anyway where it would be a little more obvious.
Bundy's status today: "Waiting..."
  • #15,037
  • Nov 5, 2008 5:27pm Nov 5, 2008 5:27pm
Quoting bundyraider
I think I know what you see. Personally I'd have been looking around the time frames anyway where it would be a little more obvious.
...now I'm wondering what's coming?!
  • #15,038
  • Nov 5, 2008 5:30pm Nov 5, 2008 5:30pm
its not a pin bar wiz. see why?

jim

Quoting the_wizard
...now I'm wondering what's coming?!
  • #15,039
  • Nov 5, 2008 5:52pm Nov 5, 2008 5:52pm
Quoting the_wizard
Hey Jim,

I took the hourly pin at the double top too although for some reason I only got a scratch out of it...can't remember what mistake I made now...probably getting my stop to BE too quick....got a nice trade off though when it came back into the resistance, broke out the hourly flag and then failed, forming an inside bar...that was a nice trade...I love these Bunds...no one trades them at my firm anymore. The last guy who was in them for a couple of years left for the Eurostoxx saying that the price action was unreadable in the Bunds...guess they spend too long looking at the size on the bids and offers and not on the bars themselves lol
I've never looked at the Bund before. I think I'm in love. lol
Bundy's status today: "Waiting..."
  • #15,040
  • Edited 6:49pm Nov 5, 2008 5:55pm | Edited 6:49pm
Quoting sonicdeejay
BTW..we are seeing a bullish PN in EJ H4??

Sonic

http://www.forexfactory.com/attachme...1&d=1225885960
My LONG was taken I TP when 130 hit...mkt is snake...
We are needing more paitence and wait for the best set up..

I believe Euro is in collective uptrend as the Lows are getting higher...but needa break 130 lvl strongly

Sonic
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