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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

  • #18,321
  • Jan 12, 2009 7:35am Jan 12, 2009 7:35am
Quoting jicjoc
Mmmm...
I saw that one earlier. 25 more minutes until it sets.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #18,322
  • Jan 12, 2009 8:35am Jan 12, 2009 8:35am
well both JPY pins failed. think I will stay clear of the houries - too many losers
  • #18,323
  • Jan 12, 2009 8:39am Jan 12, 2009 8:39am
man, the cable inside bar said the heck with 150. Wonder if it finds support at 148?
Attached Image (click to enlarge)
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"Don't trade to trade . . . trade to win." - James16
  • #18,324
  • Jan 12, 2009 8:56am Jan 12, 2009 8:56am
Quoting rustyjeff
AHH c'mon. down there are allways sharks. They dont all attack. If your good enough to see them just swim at them. It works with Bronzies, Hammerheads, Black & White tips, & Whites. IF your lucky enough to see them first.
Not so effective with Tigers. ie smaller escape time before they come back for dinner. I did this for years & now i'm 40. Still not been eaten. Stung, sliced & bitten yes but I'm still here.

obviously Tgers are only up north in NSW, QLD, northern WA & NT. I have never seen one in SA.
Hm, these guys (http://marinexperiences.com/diving-with-tiger-sharks/) say: "Tiger Sharks can be found worldwide in the temperate and tropical seas of the world, and with the assistance of the right dive operator make for fantastic subjects and willing models. With their famous ‘tiger’ stripes, beautiful big eyes and slow swimming natures, they are arguably the most lovable of sharks, and a prolonged encounter with a Tiger Shark will invariably turn you into a Shark Conservationist for life. " Perhaps they feed them first
One Chart is Worth Ten Thousand Words.
  • #18,325
  • Jan 12, 2009 9:05am Jan 12, 2009 9:05am
Attached Image (click to enlarge)
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  • #18,326
  • Jan 12, 2009 9:13am Jan 12, 2009 9:13am
Quoting jicjoc
Mmmm...
You wouldn't take that, even as a pin. A good close above the purple box would have been important. ...Meaning a Bullish Outside Bar would be much much better and a pretty nice trade to take too. ...Just pointing this out so you can learn to see "challenges" like that little consolidation area in the purple box. Watch out for them every time.
Attached Image
Bundy's status today: "Waiting..."
  • #18,327
  • Jan 12, 2009 9:42am Jan 12, 2009 9:42am
I have noticed that the Yen is showing strength against other currencies today - is there any particular reason for this happening today? I have taken the weekly pin entry on CAD/JPY and am currently up some 100pts.
PA is where its at!!
  • #18,328
  • Jan 12, 2009 9:59am Jan 12, 2009 9:59am
Quoting bertie123
I have noticed that the Yen is showing strength against other currencies today - is there any particular reason for this happening today? I have taken the weekly pin entry on CAD/JPY and am currently up some 100pts.
yep. took that one on demo too. had a feeling it would pan out. wouldn't be surprised if it hit 73. the daily pin for dollar yen must still be working its downside magic, bringing down other respective crosses too.
"Don't trade to trade . . . trade to win." - James16
  • #18,329
  • Jan 12, 2009 10:04am Jan 12, 2009 10:04am
I am now long in the gbpusd I am up about 10 pips nice support

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  • #18,330
  • Jan 12, 2009 10:04am Jan 12, 2009 10:04am
[quote]well both JPY pins failed. think I will stay clear of the houries - too many losers[quote]

So far, it has given me 8 wins in a row just taking pins that are hi probability trades.

i will never take pin around traffic
i will alwayz consider the size of the pin

currently, am in UJ pin with +350pips

Pin works if the rules are adhere to..........

Thanks all
  • #18,331
  • Jan 12, 2009 10:07am Jan 12, 2009 10:07am
Quoting bundyraider
You wouldn't take that, even as a pin. A good close above the purple box would have been important. ...Meaning a Bullish Outside Bar would be much much better and a pretty nice trade to take too. ...Just pointing this out so you can learn to see "challenges" like that little consolidation area in the purple box. Watch out for them every time.

Hey, Thanks very much for the advice...
I suppose i was just posting it as a heads up.
I dont think i would have taken it, as it closed below 90. Even if it did break up
Maybe a close above 90.10....

Thanks again
John
  • #18,332
  • Jan 12, 2009 10:08am Jan 12, 2009 10:08am
There is a BUOB in 4h EUR/USD. It's correct?
Entry after break 1.33 and stop when touch EMA 365? Pliss correct If I wrong.
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What does not kill me makes me stronger. Friedrich Nietzsche,
  • #18,333
  • Jan 12, 2009 10:15am Jan 12, 2009 10:15am
Just won my long lol easy pips
  • #18,334
  • Jan 12, 2009 10:49am Jan 12, 2009 10:49am
Quoting Flem26
yep. took that one on demo too. had a feeling it would pan out. wouldn't be surprised if it hit 73. the daily pin for dollar yen must still be working its downside magic, bringing down other respective crosses too.
also in this - i have a PPZ on the 4hr aroun 7320 - if it hits this i will take half off and look for 7230 - already at BE on this one
  • #18,335
  • Jan 12, 2009 10:51am Jan 12, 2009 10:51am
[quote=Naijafx;2463453][quote]well both JPY pins failed. think I will stay clear of the houries - too many losers
Quote

So far, it has given me 8 wins in a row just taking pins that are hi probability trades.

i will never take pin around traffic
i will alwayz consider the size of the pin

currently, am in UJ pin with +350pips

Pin works if the rules are adhere to..........

Thanks all

well held sir!!!

wish i had
  • #18,336
  • Jan 12, 2009 10:51am Jan 12, 2009 10:51am
Quoting tehuringa
Here's a photo of a nice Great white that gave me a tow around Pondalowie
You guys take care..http://www.reuters.com/news/video?vi...=lifestyleMolt
  • #18,337
  • Jan 12, 2009 11:21am Jan 12, 2009 11:21am
Ahh Australia, one of my favorite countries. Went shark fishing up in Darwin. Visited Perth, Freemantle, Sydney and had a blast. Reminds me a lot of my homestate of California, great outdoors activities. Plus the beer will knock you on your behind if you're used to that weak US water. Good times indeed. Did some driving up the West Coast with hardcore Cali surfing buddies.
Patience + Humility + Study = Success
  • #18,338
  • Jan 12, 2009 11:32am Jan 12, 2009 11:32am
Quoting simoncs
also in this - i have a PPZ on the 4hr aroun 7320 - if it hits this i will take half off and look for 7230 - already at BE on this one
"Don't trade to trade . . . trade to win." - James16
  • #18,339
  • Jan 12, 2009 11:41am Jan 12, 2009 11:41am
[quote=Naijafx;2463453]
Quote
well both JPY pins failed. think I will stay

currently, am in UJ pin with +350pips

Thanks all

Hey Naijafx-

I took the same pin but closed my trade around the 91.00 level which is where all the congestion was. What prompted you to continue to hold on and what is your target?

Thanks!
  • #18,340
  • Jan 12, 2009 12:06pm Jan 12, 2009 12:06pm
Any interest?
There could be a descending TL in its way...
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