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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

  • #16,881
  • Dec 15, 2008 10:42am Dec 15, 2008 10:42am
Quoting ghous
I am wondering where you got that entry from I know it is'nt pure James16 stuff but then what exactly is this?

I also know Rac does'nt like to talk abt it much given that it's James thread but a hint would be really appreciated i am dying to know the logic behind the great trade Jeff

Ghous,
All the pieces for the reasoning behind the trade are contained in the 3 charts I posted.
It is still all based on what James teaches so its a method not some system.
Your young, you got plenty of time to figure it out. You will..
  • #16,882
  • Dec 15, 2008 10:43am Dec 15, 2008 10:43am
Quoting raczekfx
V.nice Jeff, you started trading like me...
I'm back in at .8990 (limit order)
You think you can hold it till .86?
Thats the plan.
so far so good.
  • #16,883
  • Dec 15, 2008 10:51am Dec 15, 2008 10:51am
Quoting HipsterPipster
Here are a couple of areas I would keep in mind. Especially that double low in October, the center bar is Sunday. I would pay less attention to the TL. Take care, HP
Thank you for pointing that out, I doubt I would have see that.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #16,884
  • Dec 15, 2008 11:00am Dec 15, 2008 11:00am
Quoting raczekfx
No, I'm actually bearish on u/chf...from 1.1950.. till about 1.12..
not sure if anyone was in that trade, but I just took some profit and moving stop on the rest to 1.1875... (you never know).
Attached Image
  • #16,885
  • Dec 15, 2008 11:11am Dec 15, 2008 11:11am
Quoting raczekfx
This is what I'm 'eying' right now...
Where is PA here, anyone?
when do you exactly enter on this one?
thx
  • #16,886
  • Dec 15, 2008 11:20am Dec 15, 2008 11:20am
Quoting treuzelen
when do you exactly enter on this one?
thx
I'm not in that trade, please check post #16880
If I was..., by my rules, I'd be most likely in around 1.7490.

If you're asking how to enter according to PA rules..?

1. from 1hr tf. you'd be in on the break of a pb around 1.7580
2. from 4h tf, you'd be in on a break of buovb around 1.7667
3. from daily tf, bar hasn't closed yet. We need to wait and see what we get.
  • #16,887
  • Dec 15, 2008 11:41am Dec 15, 2008 11:41am
Quoting raczekfx
I'm not in that trade, please check post #16880
If I was..., by my rules, I'd be most likely in around 1.7490.

If you're asking how to enter according to PA rules..?

1. from 1hr tf. you'd be in on the break of a pb around 1.7580
2. from 4h tf, you'd be in on a break of buovb around 1.7667
3. from daily tf, bar hasn't closed yet. We need to wait and see what we get.

Thx for your explanation, thats what I thought. But I have some difficulties with the desicion whether it will bounce or break. Sometimes it shoots a bit further and sometimes Price doesn't touch . How do you take this decision.
  • #16,888
  • Dec 15, 2008 11:49am Dec 15, 2008 11:49am
Quoting raczekfx
I'm not in that trade, please check post #16880
If I was..., by my rules, I'd be most likely in around 1.7490.

If you're asking how to enter according to PA rules..?

1. from 1hr tf. you'd be in on the break of a pb around 1.7580
2. from 4h tf, you'd be in on a break of buovb around 1.7667
3. from daily tf, bar hasn't closed yet. We need to wait and see what we get.
BTW, do you ever trade bars lower than H1?

Thank you
Time goes you say? Ah, no! Time stays. We go...
  • #16,889
  • Dec 15, 2008 11:51am Dec 15, 2008 11:51am
Quoting treuzelen
Thx for your explanation, thats what I thought. But I have some difficulties with the desicion whether it will bounce or break. Sometimes it shoots a bit further and sometimes Price doesn't touch . How do you take this decision.
If your setup doesn't work out, you move on to the next trade. It's ok to miss a trade. I don't really want to talk about my way of trading here unless it's related to PA. I honestly don't know what will hold and what will break. The secret is contained in MM and TM, the rest is only probability and nothing else.
  • #16,890
  • Dec 15, 2008 11:57am Dec 15, 2008 11:57am
Quoting andrius
BTW, do you ever trade bars lower than H1?

Thank you
Yes, but all my big runners come from higher TFs
  • #16,891
  • Dec 15, 2008 12:51pm Dec 15, 2008 12:51pm
Quoting raczekfx
Yes, but all my big runners come from higher TFs
Thank you, that's what I thought. And that's exactly what I noticed looking back into my trades. 1-2 trades a day make account grow. >10-20 trades a day make account shrink.

thanks
Time goes you say? Ah, no! Time stays. We go...
  • #16,892
  • Dec 15, 2008 2:45pm Dec 15, 2008 2:45pm
Taking this short. Immediate area of support is ~2.2700. I closed my GBP/USD long, still holding my EUR/USD long.
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  • #16,893
  • Dec 15, 2008 2:47pm Dec 15, 2008 2:47pm
Quoting HipsterPipster
Taking this short. Immediate area of support is ~2.2700. I closed my GBP/USD long, still holding my EUR/USD long.
Good one particularly with RBA minutes on the way.
Patience + Humility + Study = Success
  • #16,894
  • Dec 15, 2008 2:52pm Dec 15, 2008 2:52pm
Quoting raczekfx
I'm about to close my scalp on fiber....
.
Yep, fib 38 of this entire drop from July and we have some prior bar highs, however I would love to see 1.3800, but have my stop just under this recent consolidation.
  • #16,895
  • Dec 15, 2008 2:59pm Dec 15, 2008 2:59pm
Quoting DutchTrader
Good one particularly with RBA minutes on the way.
Hmm, we will see what the traders say. I do see some bulls currently.
  • #16,896
  • Dec 15, 2008 3:00pm Dec 15, 2008 3:00pm
Quoting raczekfx
not sure if anyone was in that trade, but I just took some profit and moving stop on the rest to 1.1875... (you never know).

yup I'm still in aiming for 11490
  • #16,897
  • Edited 9:29pm Dec 15, 2008 7:55pm | Edited 9:29pm
Gold is at a Long Term PPZ

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I am watching for PA and IB according to the DIBS method.

Any thoughts?
  • #16,898
  • Dec 15, 2008 8:14pm Dec 15, 2008 8:14pm
Quoting chr5648
Gold is at a Long Term PPZ

Attachment Attachment

I am watching for PA and IB according to the DIBS method.

Any thoughts?
Gold 3000 by the end of Dec 09 before going to 6000. Also, you may want to edit your attachments so they are within the boarders.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #16,899
  • Dec 15, 2008 8:20pm Dec 15, 2008 8:20pm
Quoting chr5648
Gold is at a Long Term PPZ

Attachment Attachment

I am watching for PA and IB according to the DIBS method.

Any thoughts?
Watching like an eagle at this level like you. This and Oil ( which gave a nice trade last night.)

Would be nice to see a solid signal here. So far it's only given me short signals above my level. Or Long signals into it from below. Either way will be fine if I like the placement. Just not sure if it will give me something I like.
Bundy's status today: "Waiting..."
  • #16,900
  • Dec 15, 2008 9:32pm Dec 15, 2008 9:32pm
Quoting HipsterPipster
Here are a couple of areas I would keep in mind. Especially that double low in October, the center bar is Sunday. I would pay less attention to the TL. Take care, HP
Well, it looks like there was a break of the Pin off the daily. Looking at the hourly price seems to be in consolitation above the previous resistance (now support) is that a good sign or bad?

Previous Charts:
http://www.forexfactory.com/showpost...ostcount=16827
http://www.forexfactory.com/showpost...ostcount=16850
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Don't wish it were easier, wish you were better. ~ Jim Rohn
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