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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

  • #19,361
  • Jan 22, 2009 12:50pm Jan 22, 2009 12:50pm
Quoting matalons
Thank you very much, Do you know if I can actually learn from the beginning? The reason I'm asking is just because I want to understand what they discuss in their forum and be on the same page with them.

Thanks again

Rebecca
Hi Rebecca

welcome to the thread. I just joined the PF this week. There is a huge amount of info inside, and i would definitely recommend it - but at the same time i would also recommend reading the public forum first. Yes there are videos and webinars on the inside, which can be a benefit to those who like more visual ways to learn. But the good thing about this thread is that it is all concise, by which i mean all the info is in this one thread. When you get to the PF there is so much info and another forum with many more threads.
I read the whole thread first based on others recommendations, and i have to say that i think this was the best course of action. There are no real shortcuts in this business even though we all try to find them

hope that helps

Simon
  • #19,362
  • Jan 22, 2009 12:53pm Jan 22, 2009 12:53pm
Quoting ghous
Here is an area on the usd/chf worth some price action
its great to see yur progress through time bro, keep it up!..fantastic chart
  • #19,363
  • Edited 1:06pm Jan 22, 2009 12:55pm | Edited 1:06pm
Quoting unlv_tj
Ghous, good eye.

It appears that the bottom of the current daily bar (at least on my feed) is close to 1.5000.

I have a PPZ drawn at 1.5000, and it appears to be a decent PPZ line (would love your feed back on this).

If I was to take a break of the daily IB, I would trade well below the 1.5000 level (1.4975), or maybe wait for a break, then pull back to 1.5000, and then go short.

What do you think of this level?
Did you mean the 1.15?

On my feed too the daily bar's low touches the 1.15, this means that if i take this trade it will have to be below 1.15 which indirectly does mean I'll be waiting for it to break.

However...

I had the 1.16 drawn off the weekly (see the attatched chart), higher the tf stronger is the ppz, although i do see some bar highs and lows on the daily around 1.15 i won't consider this anything more than a minor ppz and i am not too worried abt it, for me the next station for this could be 1.13 if the IB plays out or 1.19 as HP said if we break through the resistance.

EDIT: forgot the chart

Regards,
Ghous.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 12 KB
I believe . . .
  • #19,364
  • Jan 22, 2009 12:57pm Jan 22, 2009 12:57pm
Quoting matalons
Thank You so much, you guys very helpful, glad I found you !
Was that directed at me?? Are you a girl

Hope Mikey is'nt around...

I believe . . .
  • #19,365
  • Jan 22, 2009 1:00pm Jan 22, 2009 1:00pm
Quoting ghous
Was that directed at me?? Are you a girl
Yes... but not a girl (I wish..).. a women.....
  • #19,366
  • Jan 22, 2009 1:01pm Jan 22, 2009 1:01pm
Quoting nAVIN2007
its great to see yur progress through time bro, keep it up!..fantastic chart
Thnx for the kind words buddy, i'm tryin' my best
I believe . . .
  • #19,367
  • Jan 22, 2009 1:02pm Jan 22, 2009 1:02pm
Quoting matalons
Yes... but not a girl (I wish..).. a women.....
hehe...was just kidding, ofcaorse it's not abt who you are in terms of umm...size

LOL!

Cheers

Regards,
Ghous.
I believe . . .
  • #19,368
  • Jan 22, 2009 1:04pm Jan 22, 2009 1:04pm
Quoting matalons
Yes... but not a girl (I wish..).. a women.....
I just wanted to thank everyone for helping.
  • #19,369
  • Jan 22, 2009 1:05pm Jan 22, 2009 1:05pm
Quoting ghous
Hi Rebecca,

Just as Mincemeat suggested the Jim's Personal forum is the thing for you.

However I would still recommend that before you venture into the PF you should spend some time here at the FF thread as most of the ppl that are on the PF are here too and just as helpful, and it's basically the additional tolols and utilities that are available on the PF that make it so special.

My advice to you is that for a month or two you should undergo your education here only on this thread by going through the entire thread and then asking anything...

Hi Ghous,

Thanks for the advice, I think I'm going to follow that approach aswell. Learn as much as I can from this thread and then move onto the PF.

Cheers
MM
  • #19,370
  • Jan 22, 2009 1:12pm Jan 22, 2009 1:12pm
Ghous, yes, I meant 1.1500, my bad, and good call on the weekly PPZ of 1.1600 (I had both drawn, but forgot 1.1600 was stronger on the weekly).

Thank you for your help.

Now another question. I put in long orders to expire at the end of today on the GBPUSD, GPBJPY, EURJPY. It appears none of them will activate, and I know that we normally wait for the next bar to activate, if not we cancel our orders.

I am tempted to keep my orders for another day, because today's bars are forming what appears to be an inside bar, that is in the shape of a pin bar (showing further selling resistence).

What are the thoughts of keeping these orders alive for one more day?

Thanks!
  • #19,371
  • Jan 22, 2009 1:17pm Jan 22, 2009 1:17pm
Quoting unlv_tj
Ghous, yes, I meant 1.1500, my bad, and good call on the weekly PPZ of 1.1600 (I had both drawn, but forgot 1.1600 was stronger on the weekly).

Thank you for your help.

Now another question. I put in long orders to expire at the end of today on the GBPUSD, GPBJPY, EURJPY. It appears none of them will activate, and I know that we normally wait for the next bar to activate, if not we cancel our orders.

I am tempted to keep my orders for another day, because today's bars are forming what appears to be an inside bar, that is in the shape of a...
I put pending orders on each of the three you mentioned Unlv and personally I am holding them another day, we did'nt see the Pb break but nor did we see it fail (i.e the break of the low) plus given that today's bar might close as an IB like you mentioned with a tail down south I am further convinced of holding them.

But I am not obviously against anybody who wants to pull their orders off here

Regards,
Ghous.
I believe . . .
  • #19,372
  • Jan 22, 2009 1:26pm Jan 22, 2009 1:26pm
What do you guys think.. time to go long?
Attached Image (click to enlarge)
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  • #19,373
  • Jan 22, 2009 1:32pm Jan 22, 2009 1:32pm
First post here, still reading the thread. Love what I see so far. Found this on FXDD feed. it's almost end of the day. Looks like PB high tested 61.8% fibo level. I would like to know what you guys think. should I wait for next daily bar for confirmation or short at the 50% ret of PB?

thank you!
Attached Image
  • #19,374
  • Jan 22, 2009 1:42pm Jan 22, 2009 1:42pm
Quoting ALThau
What do you guys think.. time to go long?
Hello ALThau,
in my opinion there is no confirmation to go long .
Everything is still bearish.
Look at the close above these boxes to go long for small pips of 1 to 2 hundreds.
Main trend is bearish.
Wait for daily close first and then tomorrows close confirming weekly close is also important potential space till 1.33 still there.
Attaching here H4 and daily scenario.

Just my 2 cents.

Regards
Pipshower
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu daily.gif Size: 10 KB
  • #19,375
  • Jan 22, 2009 1:55pm Jan 22, 2009 1:55pm
Quoting ALThau
What do you guys think.. time to go long?
ALThau,
Check out Jarroo's posts numbers 19291 and 19301. He explains what to look for in a very clear manner as always. Also Pipshower's post above.
Good trading,
Dave
  • #19,376
  • Jan 22, 2009 1:56pm Jan 22, 2009 1:56pm
Also reason for looking for weekly close is as follows :
Just look at chart and i dont think you would need any explaination..
Regards
Pipshower
Attached Image (click to enlarge)
Click to Enlarge Name: gu weekly.gif Size: 9 KB
  • #19,377
  • Jan 22, 2009 1:57pm Jan 22, 2009 1:57pm
Just my 2 cents.


Makes sense. Every cent is appreciated.
  • #19,378
  • Jan 22, 2009 2:40pm Jan 22, 2009 2:40pm
Quoting fxsheep
First post here, still reading the thread. Love what I see so far. Found this on FXDD feed. it's almost end of the day. Looks like PB high tested 61.8% fibo level. I would like to know what you guys think. should I wait for next daily bar for confirmation or short at the 50% ret of PB?

thank you!
Hey Sheep

This is actually a neutral bar. When the open and close are near the middle of the bar it is neutral. This indicates indecision and wouldn't surprise me if the BUOB from yesterday kicks in after that. When you see and open and the close in the middle and wicks that are about equal from both ends you know it is a neutral day.

Take care
Mike
  • #19,379
  • Jan 22, 2009 3:04pm Jan 22, 2009 3:04pm
Quoting jarroo
I know some platforms don't show the PB on the Gbp/Usd, but Fx Pro/InterBank does.

Some confirmations of breaks need to be meet before I trigger: Break of the 1.4000 (RD) and Pum line at 1.4050 line (2000/2001 Lows)

Maybe we'll get a PB like in June 2001.

Jim
Hi Jim, doyou still considering enter in this trade? since price went south almost all day.

If we don't have a brake of the PB today, is still the PB considered a valid setup?

Thanks in advance....

Osiris...
  • #19,380
  • Jan 22, 2009 3:11pm Jan 22, 2009 3:11pm
my first chart n 2nd post anyway...

really dun have talent to explain everything... i just can show the chart...

just before i sleep coz it 5am already here man http://www.forexfactory.com/images/icons/icon10.gif

http://i107.photobucket.com/albums/m...forex/uchf.jpg
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