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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

  • #18,261
  • Jan 11, 2009 7:10pm Jan 11, 2009 7:10pm
lol. the only thing i would change is "you may be" to "you are".

jim

Quoting jarroo
If your not able to fullfill the requirements, you may be in the wrong business.

Jim
  • #18,262
  • Jan 11, 2009 7:12pm Jan 11, 2009 7:12pm
a fellow recovering indicatorholic.

welcome sir,

jim

Quoting Tjpld
@jarroo

Even though I'm not of James16s students I printed it out
the time I came across the beauty of price action.
I too thought I could make more money on M5, M15 timeframes
and that I only had to trade 1-2 hours a day. Boy I was wrong.
Fact is:
1. With the small timeframe my demo was a bloody rollercoaster and
it was very stressful.
2. With daily timeframe 90% of the work is moving stops and locking in profit.
It almost gets boring being profitable.
  • #18,263
  • Edited 7:58pm Jan 11, 2009 7:20pm | Edited 7:58pm
J16 rox!!!

Well...my plan for GBP/USD!!!

Suggestion welcomed!!

Sonic
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  • #18,264
  • Jan 11, 2009 7:39pm Jan 11, 2009 7:39pm
if any of you have an opinion on what might be a good idea to put in post #1 of this thread please email me at -

[email protected] or PM me.

thanks,

jim
  • #18,265
  • Jan 11, 2009 8:10pm Jan 11, 2009 8:10pm
Not sure if someone posted this already, but pretty nice pin on the weekly CADJPY.
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  • #18,266
  • Jan 11, 2009 8:28pm Jan 11, 2009 8:28pm
Quoting libertao
Not sure if someone posted this already, but pretty nice pin on the weekly CADJPY.

It looks like there's a lot of traffic on the daily chart around the 74.50 area. I'm going to pass on it due to that.
  • #18,267
  • Jan 11, 2009 8:41pm Jan 11, 2009 8:41pm
Quoting Icehocey77
It looks like there's a lot of traffic on the daily chart around the 74.50 area. I'm going to pass on it due to that.
Or look for any clean entry points higher up in price using H4 to give at least a chance to get in and set for break even, then if it can penetrate daily traffic maybe it can be held.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #18,268
  • Edited 10:52pm Jan 11, 2009 8:47pm | Edited 10:52pm
Looking at the possibility of a trade on the USDCHF.....nothing as yet but worth keeping an eye on.
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  • #18,269
  • Jan 11, 2009 8:48pm Jan 11, 2009 8:48pm
Quoting mbqb11
Hey X

The body and the nose are nearly the same length, in my book that is not a pin. Wait for those big looking pins. They will jump out and smack you in the face

Mike
but will you keep the long orders on AU? Now that we are in the begnning of the week, will you move to BE as sooner it touch the previous double high?

thanks in advance.
  • #18,270
  • Edited Jan 12, 2009 5:29am Jan 11, 2009 8:51pm | Edited Jan 12, 2009 5:29am
Quoting Tjpld
@jarroo

Even though I'm not of James16s students I printed it out
the time I came across the beauty of price action.
I too thought I could make more money on M5, M15 timeframes
and that I only had to trade 1-2 hours a day. Boy I was wrong.
Fact is:
1. With the small timeframe my demo was a bloody rollercoaster and
it was very stressful.
2. With daily timeframe 90% of the work is moving stops and locking in profit.
It almost gets boring being profitable.
Its amazing what a little practise and a little more patience (ok alot more patience) can do to your account when applied.

Good for you Tj.
Indicators show the past. Price Action "Indicates" the future.
  • #18,271
  • Jan 11, 2009 9:12pm Jan 11, 2009 9:12pm
Quoting giraia_br
but will you keep the long orders on AU? Now that we are in the begnning of the week, will you move to BE as sooner it touch the previous double high?

thanks in advance.
Nope the high of the pin never broke so my order gets canceled that day


Mike
  • #18,272
  • Jan 11, 2009 9:13pm Jan 11, 2009 9:13pm
Quoting tehuringa
Looking at the possibility of a 1hr R-db trade on the USDCHF.....nothing as yet but worth keeping an eye on.
Yes i agree.
I like the higher blue box myself as its a daily/weekly/monthly ppz.
But i could definately see a reaction at the most recent spot, specialy during the Australaisia session..... (you like that dave )...

BTW how was the holliday. fishing down the Yorke..? I'm still envious
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  • #18,273
  • Jan 11, 2009 9:24pm Jan 11, 2009 9:24pm
Quoting rustyjeff
Yes i agree.
I like the higher blue box myself as its a daily/weekly/monthly ppz.
But i could definately see a reaction at the most recent spot, specialy during the Australaisia session..... (you like that dave )...

BTW how was the holliday. fishing down the Yorke..? I'm still envious
Hey RJ....Happy New Year


I prefer the are you've marked also.....1.1250 PPZ, 150 & 365 EMA's and a 32.8 fib all lining up in confluence....looks nice.

Yorke Peninsula was great....mainly shore based fishing....bagged some whiting and gars....cleaned up on squid from Wool Bay and Port Giles jetties....went snorkelling with a pod of 6 dolphins in Pondalowie Bay...campground is still closed there...not sure what they are doing to it??

Then went up to Melrose in the Southern Flinders ranges for a few days

Cheers

Dave
  • #18,274
  • Jan 11, 2009 9:42pm Jan 11, 2009 9:42pm
Quoting tehuringa
Hey RJ....Happy New Year


I prefer the are you've marked also.....1.1250 PPZ, 150 & 365 EMA's and a 32.8 fib all lining up in confluence....looks nice.

Yorke Peninsula was great....mainly shore based fishing....bagged some whiting and gars....cleaned up on squid from Wool Bay and Port Giles jetties....went snorkelling with a pod of 6 dolphins in Pondalowie Bay...campground is still closed there...not sure what they are doing to it??

Then went up to Melrose in the Southern Flinders ranges for a few days

Cheers

Dave
I'm still envious
I spent my whole childhood down there. Climbing all over rocks, up & down cliffs, doin the jetties, catchin 4-6lb squid off Marion bay jetty, swimming with dolphins,rays & sharks. (bronzies).
It really takes me back mate. If you have any photos I'd really like to see them. Either in the pf or pm me for my email. I would really love it.
Now I even more miss home..
Ps. I see your in the wine biz.. If you dont mind who?

PPs. you would be surprised how after sailing all over the world I still miss the southern ocean & those 2 peninsulars
  • #18,275
  • Jan 11, 2009 9:54pm Jan 11, 2009 9:54pm
and yes you can watch either one...
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  • #18,276
  • Edited 10:52pm Jan 11, 2009 9:58pm | Edited 10:52pm
Indeed RJ....I'll send you some photo's via the PF
I work for Teusner Wines in the Barossa....only a small place...there's only three of us working here.
  • #18,277
  • Jan 11, 2009 10:02pm Jan 11, 2009 10:02pm
Quoting tehuringa
Indeed RJ....I'll send you some photo's via the PF

1hr R-db setup just came up on the Swissy also.....I work for Teusner Wines in the Barossa....only a small place...there's only three of us working here.
Awesome, more wine for you.
I'll keep an eye in the pf. Thank you.
Jeff
  • #18,278
  • Jan 11, 2009 10:08pm Jan 11, 2009 10:08pm
Quoting tehuringa
Indeed RJ....I'll send you some photo's via the PF

1hr R-db setup just came up on the Swissy
Be carefull. I dont trust market open times for longer trades. Ok for gaps & scalps. Just dont trust those Austrlasians...
  • #18,279
  • Jan 11, 2009 10:17pm Jan 11, 2009 10:17pm
Quoting rustyjeff
Be carefull. I dont trust market open times for longer trades. Ok for gaps & scalps. Just dont trust those Austrlasians...
Yeah I know......1.1125-ish could put the brakes on it if it does move down....after that 1.1080....doesn't look like that strong of a signal...might sit out
  • #18,280
  • Jan 11, 2009 10:22pm Jan 11, 2009 10:22pm
mmmmmmmm,

maybe here it comes Dave..
I would like to see a bit higher push up.
If it reacts here. I still think only a small one. before going to the logical one.
If not oh well.
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