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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

  • #2,901
  • Mar 11, 2007 4:21pm Mar 11, 2007 4:21pm
Quoting mbqb11
George your entries are spot on! looks like you have done your reading so far.

Glad to have you in the PF hope to see you posting inside


Best,
Mike
Thanks Mike. This kind of confirmation from you makes me feel really good.
I'm already in PF. Now...wow, I have a lot of reading and info saving to do.
So I might be quite for some time.
Will write again soon.

Best!

George
  • #2,902
  • Mar 11, 2007 7:08pm Mar 11, 2007 7:08pm
hi mike
i appreciate ur answer
and i'll try to look for signals on heigher tf iwas trying to convence my self
that the colors of bar cd make difference like dblhc....dbhlc
it seems ib goes like pb color does't matter
thanks again and forgive a newone's qustion
regards
  • #2,903
  • Mar 11, 2007 10:31pm Mar 11, 2007 10:31pm
got my "eyes" on the four hr pound dollar some times you can just feel it.
  • #2,904
  • Mar 12, 2007 9:12am Mar 12, 2007 9:12am
Any takers on this one?? Did not get in on the break as the stop would have been huge but it has retraced nicely to the weekly pivot, have took a long from here.
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  • #2,905
  • Mar 12, 2007 11:17am Mar 12, 2007 11:17am
Quoting MIG
Any takers on this one?? Did not get in on the break as the stop would have been huge but it has retraced nicely to the weekly pivot, have took a long from here.
Some more aggressive traders bought bounce off of 55.
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  • #2,906
  • Mar 13, 2007 4:37am Mar 13, 2007 4:37am
where is everybody on vacation? no posts here in a bit?
  • #2,907
  • Mar 13, 2007 4:42am Mar 13, 2007 4:42am
Quoting Jimmywa
where is everybody on vacation? no posts here in a bit?
Been busy in the PF :

here is one though,
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  • #2,908
  • Mar 13, 2007 9:42am Mar 13, 2007 9:42am
Quoting mbqb11
Been busy in the PF :

here is one though,
so is this a sell setup?
  • #2,909
  • Mar 13, 2007 9:44am Mar 13, 2007 9:44am
Quoting Jimmywa
so is this a sell setup?
'was' a sell setup, pinbar off the 50 retrace and TL, ran about 50 pips, depending on how you played it, was a small loss the way I play them.

Best,
Mike
  • #2,910
  • Mar 13, 2007 9:47am Mar 13, 2007 9:47am
the 4hour bar ib trade to the upside would have sure made some pips
  • #2,911
  • Mar 13, 2007 9:52am Mar 13, 2007 9:52am
Quoting Jimmywa
the 4hour bar ib trade to the upside would have sure made some pips
Be careful with the 4hour IBs, You will see a lot of IBs on the 4hour due to the dead time. Just make sure you are moving stops quickly. I suggest sticking to IBs on the daily/weekly/monthly till you are comfortable.

Best of luck,
Mike
  • #2,912
  • Mar 13, 2007 1:26pm Mar 13, 2007 1:26pm
Quoting mbqb11
Be careful with the 4hour IBs, You will see a lot of IBs on the 4hour due to the dead time. Just make sure you are moving stops quickly. I suggest sticking to IBs on the daily/weekly/monthly till you are comfortable.

Best of luck,
Mike
Mike is right. IBs on the 4H are plentiful. But, they will eat your lunch as they tend to whipsaw to both sides before taking a real direction.

-fxm
  • #2,913
  • Mar 13, 2007 1:56pm Mar 13, 2007 1:56pm
hi all
should i consider sell even if 2lows have 1 pip difference
or
wait to see if left eye on weeky will be broken or not
the pb on weekly looks unreliable
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  • #2,914
  • Mar 13, 2007 1:59pm Mar 13, 2007 1:59pm
Quoting shamstec
hi all
should i consider sell even if 2lows have 1 pip difference
or
wait to see if left eye on weeky will be broken or not
the pb on weekly looks unreliable
A 1 pip difference on a TBL/TBH is ok IMO on the 4hr timeframes. But remember this isnt as strong as a TBL/TBH on the weekly. Soemtimes you gotta be nimble with these breaks, ast hey only give a few points. The pound weekly pin is not a good looking pin on your broker feed. If you check out InterbankFX data feed it is small but better looking then yours. Just play them how u see them. If something doesn't look right, wait for better signals.

Best,
Mike
  • #2,915
  • Mar 13, 2007 2:36pm Mar 13, 2007 2:36pm
Quoting mbqb11
Be careful with the 4hour IBs, You will see a lot of IBs on the 4hour due to the dead time. Just make sure you are moving stops quickly. I suggest sticking to IBs on the daily/weekly/monthly till you are comfortable.

Best of luck,
Mike
Mike thank you for your reply. what do you mean by "dead time"
  • #2,916
  • Mar 13, 2007 2:59pm Mar 13, 2007 2:59pm
is this a buy set up j16 style on the usd/cad?
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  • #2,917
  • Mar 13, 2007 3:50pm Mar 13, 2007 3:50pm
Quoting Jimmywa
Mike thank you for your reply. what do you mean by "dead time"
Most likely the time after london and new york close and there's just drifting before asia awakens.

USDCAD will make a BUOB if we close this high today, however it's always been a very disobedient sucker. The carry trade unwind has begun again as indices are crashing, beware.
Trust price. Know yourself.
  • #2,918
  • Mar 13, 2007 6:14pm Mar 13, 2007 6:14pm
Does anyone have any thoughts on the JPY pairs. Do you think that they are in a down trend for a while. Its amazing to think that GBP/JPY can go up and down 250 points and not even bat an eye lid...

Thanks

Bill
It's All About Attitude ...
  • #2,919
  • Mar 13, 2007 6:15pm Mar 13, 2007 6:15pm
Quoting billser
Does anyone have any thoughts on the JPY pairs. Do you think that they are in a down trend for a while. Its amazing to think that GBP/JPY can go up and down 250 points and not even bat an ey lid...

Thanks

Bill
I think were still in unloading phase of the carry trades. Check the monthly IB we are still working off.

Best,
Mike
  • #2,920
  • Mar 13, 2007 6:21pm Mar 13, 2007 6:21pm
Quoting mbqb11
I think were still in unloading phase of the carry trades. Check the monthly IB we are still working off.

Best,
Mike

Hi Mike,

Not sure what you just said could you explain some more about the " unload phase of the carry trades" means please.

Thanks

Bill
It's All About Attitude ...
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