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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

  • #18,761
  • Jan 15, 2009 8:28pm Jan 15, 2009 8:28pm
Quoting james16
lol. the only thing i would change is "you may be" to "you are".

jim

You made my statement more powerful. I thought I'd be cute. lol.
Indicators show the past. Price Action "Indicates" the future.
  • #18,762
  • Jan 15, 2009 8:42pm Jan 15, 2009 8:42pm
Quoting osyrius
Hey Raczek,

...
About this GY trade, would you mind clarifying to me why did you bet on a
I created short video describing my thought process behind that trade, but only sent it to few close friends. Trading that way can do more harm than good to new traders hence my hesitation about making it public.

But here are some things to think about while looking at this g/j trade.

Earlier this morning I posted dow's future chart showing very important (imo) resistance level. No one asked about it, so I never bothered explaining , what I was going to do about it...

Have you caught my pb on ucad, I posted yesterday ? I also hinted Dow's daily pinbar today .

If someone can read between the lines, he/she would've seen me betting on $ weakness starting today.
Simply saying, cable gets stronger, dow stops bleeding, geppy goes up.

Guys trading is an art, but it's also fun. I haven't met many poeple on my path, who would appreaciate things, they received on a golden plate. If you watch a good chef and then you prepare your own meals, don't they taste better than TVdinners...?

"...Chasing Livermore..." reminiscences... is a great book full of tips
Appologies for being too cryptic for some..

r
  • #18,763
  • Jan 15, 2009 8:43pm Jan 15, 2009 8:43pm
Quoting jarroo
Raczek uses PA as confirmation of his entry, instead of how we use PA to confirm an entry. lol (Did I say that right . . lol)
you're so right Jim..
I always do everything backwards...

just like here:
.
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  • #18,764
  • Jan 15, 2009 8:50pm Jan 15, 2009 8:50pm
Quoting james16
i must be getting old. it took me about 2 minutes of intense concentration to get what you were saying here. lol
LOLOL
  • #18,765
  • Jan 15, 2009 9:16pm Jan 15, 2009 9:16pm
Quoting raczekfx
you're so right Jim..
I always do everything backwards...

just like here:
.
I am not sure what that red face is doing there Rac
I believe . . .
  • #18,766
  • Jan 15, 2009 9:23pm Jan 15, 2009 9:23pm
TP 1 hit successfully. Back to the waiting game...

Regards,
Ghous.
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I believe . . .
  • #18,767
  • Jan 15, 2009 9:59pm Jan 15, 2009 9:59pm
chart
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  • #18,768
  • Jan 15, 2009 10:34pm Jan 15, 2009 10:34pm
hi all...

i just follow u all since last year n this my first post...

just to show my name here as welcome b4 i involve with "stupid" question http://www.forexfactory.com/images/icons/icon10.gif

p/s JIM, RAC,GHOUS, MBQB N JARROO... i always read ur post twice even more.... nice work
  • #18,769
  • Jan 15, 2009 10:48pm Jan 15, 2009 10:48pm
welcome cap,

jim

Quoting cappalz
hi all...

i just follow u all since last year n this my first post...

just to show my name here as welcome b4 i involve with "stupid" question http://www.forexfactory.com/images/icons/icon10.gif

p/s JIM, RAC,GHOUS, MBQB N JARROO... i always read ur post twice even more.... nice work
  • #18,770
  • Jan 15, 2009 10:53pm Jan 15, 2009 10:53pm
Quoting raczekfx
300 more to go;
134.50 looks like a better tp for euro session

That is a really good entry at the exactly bottom.
I just wondering how you play the buy at bottom sell at top?
Any clue to trigger the trade, like pa?
  • #18,771
  • Edited 11:19pm Jan 15, 2009 11:03pm | Edited 11:19pm
Quoting RedA
That is a really good entry at the exactly bottom.
I just wondering how you play the buy at bottom sell at top?
Any clue to trigger the trade, like pa?
Yes Price Action is best way to find the top/bottom of the market.
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Indicators show the past. Price Action "Indicates" the future.
  • #18,772
  • Jan 15, 2009 11:04pm Jan 15, 2009 11:04pm
For those that took NZD/USD pin on the daily or anyone else who has any advice...

Where are you taking profits? Price just touched .5500 and retraced back down and I have my first target at .5550
  • #18,773
  • Jan 15, 2009 11:04pm Jan 15, 2009 11:04pm
Quoting raczekfx
300 more to go;
134.50 looks like a better tp for euro session
Now you're getting really spooky!
Attached Image (click to enlarge)
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He has the right to criticize who has the heart to help. Abraham Lincoln
  • #18,774
  • Jan 15, 2009 11:22pm Jan 15, 2009 11:22pm
Quoting scott087
For those that took NZD/USD pin on the daily or anyone else who has any advice...

Where are you taking profits? Price just touched .5500 and retraced back down and I have my first target at .5550
James may have taken profit already?

...Don't know, but if I was in trade I'd be still waiting for it to hit that same area you specified earlier. Don't freak out yet. ...You're probably keeping too close an eye on it.
Bundy's status today: "Waiting..."
  • #18,775
  • Jan 15, 2009 11:47pm Jan 15, 2009 11:47pm
Quoting Jim4x
Now you're getting really spooky!
Do get me wrong, I'll be the first one to tell you that razcek possesses some special voodoo powers. But its just a 50% retrace from the last down move.
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Indicators show the past. Price Action "Indicates" the future.
  • #18,776
  • Jan 15, 2009 11:52pm Jan 15, 2009 11:52pm
Quoting jarroo
Do get me wrong, I'll be the first one to tell you that razcek possesses some special voodoo powers. But its just a 50% retrace from the last down move.
agree..his entries are amazing..nevers seen before..I feel shocked
I don't know how he picks the right countertrend levels
  • #18,777
  • Jan 15, 2009 11:55pm Jan 15, 2009 11:55pm
Quoting canados
agree..his entries are amazing..nevers seen before..I feel shocked
I don't know how he picks the right countertrend levels
lol
Bundy's status today: "Waiting..."
  • #18,778
  • Jan 15, 2009 11:57pm Jan 15, 2009 11:57pm
Quoting Mr Smith
Hey fxproc,
You beat me to it, was exporting and about to post, and saw u already spotted it.

REgards Mr Smith

Nice one Mr Smith
  • #18,779
  • Jan 16, 2009 12:01am Jan 16, 2009 12:01am
Quoting jarroo
Do get me wrong, I'll be the first one to tell you that razcek possesses some special voodoo powers. But its just a 50% retrace from the last down move.
His entries are in the stars....

Bad trading Rac, you should play it fair
I believe . . .
  • #18,780
  • Jan 16, 2009 12:02am Jan 16, 2009 12:02am
Quoting bundyraider
James may have taken profit already?

...Don't know, but if I was in trade I'd be still waiting for it to hit that same area you specified earlier. Don't freak out yet. ...You're probably keeping too close an eye on it.
I have this very serious problem too, sometimes when you have nothing to do and you can't help staring your monitor higher time frame trades can suffer...
I believe . . .
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