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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

  • #17,441
  • Dec 23, 2008 1:22am Dec 23, 2008 1:22am
Thinking where are the big dogs heading on EU.. from here 1.40, Any comments?

ALM
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  • #17,442
  • Dec 23, 2008 1:23am Dec 23, 2008 1:23am
Quoting jarroo
Nothing wrong with a little practise ghous.

Clockwork71 has given some sound advise which I will probably take.
LOL yeah that sure was a great advice!

II don't have Xmasso i have nothing to do in these 10 days not even school. So I am actually trading full time (with caution ofcaorse)

Regards,
Ghous.
I believe . . .
  • #17,443
  • Dec 23, 2008 1:24am Dec 23, 2008 1:24am
Quoting jarroo
Tough trade ghous. I like everything about it except the one important confluence that everyone talks about . . . . Location.

If this was at a Swing High/Low then we're talking about a higher probability trade.

Funny thing . . I thought Location, Location, Location was just in Real Estate. lol
Are you still in the EUR/CHF short?
I believe . . .
  • #17,444
  • Dec 23, 2008 1:32am Dec 23, 2008 1:32am
Quoting ghous
LOL yeah that sure was a great advice!

II don't have Xmasso i have nothing to do in these 10 days not even school. So I am actually trading full time (with caution ofcaorse)

Regards,
Ghous.
DUH! Just when i thought i could fulfill my desire of trading full time the big boys want to celebrate Xmas

Quote
Thinking where are the big dogs heading on EU.. from here 1.40, Any comments?

ALM

ALm the big boys are doing everything except trading...
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I believe . . .
  • #17,445
  • Dec 23, 2008 1:36am Dec 23, 2008 1:36am
Quoting ghous
Are you still in the EUR/CHF short?
No. 1st half went for 63 pips (1.5220) and the 2nd half stopped out at break even.

Big blue box is the Weekly BEOB.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #17,446
  • Dec 23, 2008 1:37am Dec 23, 2008 1:37am
Quoting ghous
DUH! Just when i thought i could fulfill my desire of trading full time the big boys want to celebrate Xmas



ALm the big boys are doing everything except trading...
Big Dogs, are they same as the Big Boys (Dogs=Boys?)
Xmas, is this the worst trading season of the year?

ALM
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  • #17,447
  • Dec 23, 2008 1:41am Dec 23, 2008 1:41am
Quoting Almfx
Big Dogs, are they same as the Big Boys (Dogs=Boys?)
Xmas, is this the worst trading season of the year?

ALM
If you are a woman I really want to meet you, All Boys here, wake up! somebody here thinks we resemble dogs

...

Abt the Xmas being the worst trading time of the year, I am not sure as this is my first experience of trading in December, last year today i was going through babypips
I believe . . .
  • #17,448
  • Dec 23, 2008 1:46am Dec 23, 2008 1:46am
Quoting ghous
Abt the Xmas being the worst trading time of the year, I am not sure as this is my first experience of trading in December, last year today i was going through babypips

This is my 2nd year in Christmas. Volume is low and expect the unexpected. Thats my experience.

The best is, no trade at all..
  • #17,449
  • Dec 23, 2008 2:01am Dec 23, 2008 2:01am
Quoting ghous
If you are a woman I really want to meet you, All Boys here, wake up! somebody here thinks we resemble dogs

...

Abt the Xmas being the worst trading time of the year, I am not sure as this is my first experience of trading in December, last year today i was going through babypips
Im Man, ofcourse bro!
This is my first Xmas too with J16 approach! Before this I lost 2k on software and trading for 2 X'mas(at that time I didn't know PA shows the future, and indicator lags behind Price). Iam still short on EU half position with S/L at BE.

Now with J16, Iam a profitable trader, ALM
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #17,450
  • Dec 23, 2008 2:03am Dec 23, 2008 2:03am
Quoting Almfx
Im Man, ofcourse bro!
This is my first Xmas too with J16 approach! Before this I lost 2k on software and trading for 2 X'mas(at that time I didn't know PA shows the future, and indicator lags behind Price). Iam still short on EU half position with S/L at BE.

Now with J16, Iam a profitable trader, ALM
Where did you short?
I believe . . .
  • #17,451
  • Dec 23, 2008 2:06am Dec 23, 2008 2:06am
Quoting ghous
Where did you short?
just on the break of Daily Pin on Friday 1.4173 (buffer 8 pip), Closed half at PPz 1.3907

ALM
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #17,452
  • Dec 23, 2008 2:22am Dec 23, 2008 2:22am
Here's an interesting point about checking higher time frame Price Action when playing on lower time frames, even on the Daily.

The Pin Bar on the Eur/Chf in blue (forget about the preceeding Price movement in purple).

Pin Bar looks good. Location is at a swing Low, at PPZ level, top of the PB is above a round number, etc. Price never broke the top of the Pin Bar so the trade would have never taken place. But what if Price did break the top? Let's look at the Weekly . .

The Weekly BEOB should have you thinking that the Daily Pin Bar may be going the other way and the strength of it would be weak.
Attached Images
Indicators show the past. Price Action "Indicates" the future.
  • #17,453
  • Dec 23, 2008 2:24am Dec 23, 2008 2:24am
Jaroo...

would like to see ur analysis in EUR/JPY,,,

thx
Sonic
  • #17,454
  • Dec 23, 2008 2:44am Dec 23, 2008 2:44am
Quoting sonicdeejay
Jaroo...

would like to see ur analysis in EUR/JPY,,,

thx
Sonic
I start with the Weekly/Daily charts and place obvious S/R levels and see where they are the tightest (PPZs). I then fine tune them to the neartest Round Numbers. Then look for Price Action at these levels.

Eur/Jpy looks to be consolidating. That PB in blue looks great yet the price move it generated was short lived. Maybe due to the time of the year and may continue down as things begin to get back to "normal".
Attached Images
Indicators show the past. Price Action "Indicates" the future.
  • #17,455
  • Dec 23, 2008 2:51am Dec 23, 2008 2:51am
Quoting sonicdeejay
My SELL limit on EJ...
Any advice?

I had my EJ long on 50% retracement yesterday..(see arow)

Sonic

http://www.forexfactory.com/attachme...1&d=1230004937
look like we have BEOB here...
TP::125

What u thinks guys///

Sonic
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  • #17,456
  • Dec 23, 2008 3:09am Dec 23, 2008 3:09am
Quoting sonicdeejay
look like we have BEOB here...
TP::125

What u thinks guys///

Sonic
Great view Sonic but Christmas is around the corner. Many big fish probably gonna be inside to make any speculation..
  • #17,457
  • Dec 23, 2008 3:21am Dec 23, 2008 3:21am
Quoting johnbaem
Great view Sonic but Christmas is around the corner. Many big fish probably gonna be inside to make any speculation..
Agree...i have closed my 'live' book too... I am on demo and testing this out...
I am trading demo as if I do live...

thx
Sonic
  • #17,458
  • Dec 23, 2008 3:23am Dec 23, 2008 3:23am
Quoting jarroo
.
.
The Weekly BEOB should have you thinking that the Daily Pin Bar may be going the other way and the strength of it would be weak.
A few reasons to not take that daily pin and actually look for an entry in line with the weekly signal... ( )

Gotta watch those trend lines people.

(I see these as one of the least risky of setups... Real decent PA confirmation after a trendline break. OK Pic says DBHLC but technically a BEOB. I trade them the same way anyway. lol)
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Bundy's status today: "Waiting..."
  • #17,459
  • Dec 23, 2008 8:39am Dec 23, 2008 8:39am
Quoting jarroo
Pin Bar looks good. Location is at a swing Low, at PPZ level, top of the PB is above a round number, etc. Price never broke the top of the Pin Bar so the trade would have never taken place. But what if Price did break the top? Let's look at the Weekly . .

The Weekly BEOB should have you thinking that the Daily Pin Bar may be going the other way and the strength of it would be weak.
we still have some room here... don't we...
who knows....
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  • #17,460
  • Dec 23, 2008 9:57am Dec 23, 2008 9:57am
Nice chart there Raczek and some neat trade management.
Could you explain step by step how did you plan , execute and manage this trade from the beginning?

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