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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

  • #16,141
  • Dec 4, 2008 9:14pm Dec 4, 2008 9:14pm
At first I was going to skip the EU because of news and it was getting late and needed to be up early. So at the last minute I decided, you know what I'll do a micro lot for fun and set entry @ 1.2625 (Blue Up Arrow) and TP @ 1.2700 and went to bed. Woke up and it it played out. It was more than just a 'gut feeling' it was a nice looking Pin Bar at strong demand and the rate cut got me thinking if it was positive would move pretty good...
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Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #16,142
  • Dec 4, 2008 9:29pm Dec 4, 2008 9:29pm
Quoting jarroo
Let's see . . at 500 dollar a pip that would be . . . .

Some day . . . .
Great GBP (GU) fall began on 9 Nov 2007 with a (semi)-PB followed by IB on H4 (there was an interesting 200-pips gap before that on H1) + RSI div.

SL with either PB or IB trade was around 50 pips. The price went down and only twice (in the same month) retraced to within 260 pips of that IB.

Then it was south all the way - 6000 pips in 12 months. At $500 per pip that would be...
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One Chart is Worth Ten Thousand Words.
  • #16,143
  • Edited Dec 5, 2008 3:10am Dec 4, 2008 9:38pm | Edited Dec 5, 2008 3:10am
Funny, I was sure I saw J16 post with a chart right after mine above, and then it was gone, like a ghost...
One Chart is Worth Ten Thousand Words.
  • #16,144
  • Dec 4, 2008 9:38pm Dec 4, 2008 9:38pm
chart
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  • #16,145
  • Dec 4, 2008 9:39pm Dec 4, 2008 9:39pm
lol. its back. noticed something i needed to add.

jim



Quoting Forex007
Funny, I was sure I saw J16 post with a chart right after mine above, and than it was gone, like a ghost...
  • #16,146
  • Dec 4, 2008 10:08pm Dec 4, 2008 10:08pm
Quoting james16
chart
Couldn't help but notice how the S/R lines you drew matched within 10 pips of the FIBO I've drawn in Blue. Fibs trip me out...
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Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #16,147
  • Dec 4, 2008 10:51pm Dec 4, 2008 10:51pm
chf/jpy.
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  • #16,148
  • Dec 4, 2008 10:59pm Dec 4, 2008 10:59pm
chf/jpy range trading while waiting for a break out...
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  • #16,149
  • Dec 4, 2008 11:02pm Dec 4, 2008 11:02pm
Quoting jarroo
Nicely done ghous.

I especially like the stop placement below the confluence zone.

Well done, sir.

Jim
Approaching 2TP ghous. Check out the Monthly PPZ. Strong level.

Nice trade plan.

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #16,150
  • Dec 4, 2008 11:11pm Dec 4, 2008 11:11pm
it isn't the nicest pb (on daily), but have a look at a monthly chart. How much lower can we go? If there is no reaction on futures after tomorrow's nonfarm report, I'll be looking for opportunity to buy.. with first tp around 1.52. If that trade works out, we should also see g/j hit 140.50 - 141. It's all speculations right now, but also part of planning phase of a trading plan for tomorrow.
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  • #16,151
  • Dec 4, 2008 11:14pm Dec 4, 2008 11:14pm
Yo raczek.

Would this Cad Monthly S/R Levels (PPZ) be something you would be looking at? (please say yes. )
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Indicators show the past. Price Action "Indicates" the future.
  • #16,152
  • Dec 4, 2008 11:18pm Dec 4, 2008 11:18pm
Quoting jarroo
Approaching 2TP ghous. Check out the Monthly PPZ. Strong level.

Nice trade plan.

Jim
I'd love to see 200ps pb off 2900 here...
triple top, all kind of divergence, confluence.
G... I wish I was more excited. Trading is boring..
  • #16,153
  • Dec 4, 2008 11:20pm Dec 4, 2008 11:20pm
Quoting jarroo
Yo raczek.

Would this Cad Monthly S/R Levels (PPZ) be something you would be looking at? (please say yes. )
Absolutely.
Just spelled out my thoughts in a post above.
This is when smart traders fill up their coffers.
time to hit the pillow...
  • #16,154
  • Dec 4, 2008 11:24pm Dec 4, 2008 11:24pm
Quoting raczekfx
Absolutely.
Just spelled out my thoughts in a post above.
This is when smart traders fill up their coffers.
time to hit the pillow...
Should be fun to see how it plays out. . . I mean boring how it plays out. lol
Indicators show the past. Price Action "Indicates" the future.
  • #16,155
  • Dec 4, 2008 11:26pm Dec 4, 2008 11:26pm
I absolutely love this chart....
How much one contract sold at the beginning of August would be worth now? anyone?
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  • #16,156
  • Dec 4, 2008 11:28pm Dec 4, 2008 11:28pm
Quoting jarroo
Should be fun to see how it plays out. . . I mean boring how it plays out. lol
lol.. it's going to be busy day tomorrow. Let's see some fireworks.
  • #16,157
  • Dec 4, 2008 11:37pm Dec 4, 2008 11:37pm
Quoting raczekfx
I absolutely love this chart....
How much one contract sold at the beginning of August would be worth now? anyone?
How many trades would you need to have during the year like that?

I've done the math and the number is: one.
Indicators show the past. Price Action "Indicates" the future.
  • #16,158
  • Dec 4, 2008 11:46pm Dec 4, 2008 11:46pm
Quoting raczekfx
I absolutely love this chart....
How much one contract sold at the beginning of August would be worth now? anyone?
BEVOB = Bearish Engulfing...? I suppose...
Kinda hard for me understand t terms...

Sonic
  • #16,159
  • Dec 4, 2008 11:47pm Dec 4, 2008 11:47pm
Quoting sonicdeejay
BEVOB = Bearish Engulfing...? I suppose...
Kinda hard for me understand t terms...

Sonic
Yes. BEarish Vertical Outside Bar
Indicators show the past. Price Action "Indicates" the future.
  • #16,160
  • Dec 5, 2008 12:19am Dec 5, 2008 12:19am
Upside ahead...???.....

Sonic
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