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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

  • #20,101
  • Feb 1, 2009 8:34pm Feb 1, 2009 8:34pm
Quoting Shermenator
Here is my current long of the bounce of support

Attachment
Hey, what price action u using for ur trade?
  • #20,102
  • Feb 1, 2009 8:42pm Feb 1, 2009 8:42pm
Bertie

Thankyou for reply however can you explain " BPC " or give an example thanks.
Gerard
  • #20,103
  • Feb 1, 2009 8:42pm Feb 1, 2009 8:42pm
Quoting raczekfx
eg
.
Picture says thousand words. Thanks rac!
  • #20,104
  • Feb 1, 2009 8:50pm Feb 1, 2009 8:50pm
Quoting osyrius
Short at 0.5145, on the break of 0.5160 support line.

Currently +80pips and aiming for 0.5000, both previous support line and...

I got in with 2 lots, I'll TP1 at 0.5000 too, the rest 50% I will let it run...market will tell me when to go out.
  • #20,105
  • Feb 1, 2009 9:15pm Feb 1, 2009 9:15pm
Quoting Piproo
Hey, what price action u using for ur trade?

I just ask my sell if retail will sell at a certain area and I simply do the oppositte of 95 percent of the traders and vice versa lol
  • #20,106
  • Feb 1, 2009 10:05pm Feb 1, 2009 10:05pm
Quoting Shermenator
I just ask my sell if retail will sell at a certain area and I simply do the oppositte of 95 percent of the traders and vice versa lol
hmmm, ok, thx, but is your strategy covered by James16 PF or can we find it in this thread?
  • #20,107
  • Edited 10:35pm Feb 1, 2009 10:24pm | Edited 10:35pm
Quoting raczekfx
eg
.
I like the previous bar Low. A nice filp level (PPZ) from a few weeks ago. (.9000)
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #20,108
  • Edited Feb 2, 2009 12:25am Feb 1, 2009 11:20pm | Edited Feb 2, 2009 12:25am
Closed with 20 pips simply not getting the reaction I whanted to see....and price action is not helping me...

Attached Image (click to enlarge)
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  • #20,109
  • Feb 1, 2009 11:42pm Feb 1, 2009 11:42pm
Quoting Jigsaw
Here's a chart to show why it's not a good Pin Bar.

Trade well,
Jig

EDIT: I'm not even taking any PPZ stuff into account because the form of the bar and it's initial location is extremely poor relative to recent Price Action.
Nice Jig,

I was wondering when I'll be seeing some art from you

Nicely done...

Regards,
Ghous.
I believe . . .
  • #20,110
  • Feb 1, 2009 11:43pm Feb 1, 2009 11:43pm
Quoting jarroo
I like the previous bar Low. A nice filp level (PPZ) from a few weeks ago. (.9000)
A pullback to the yello line eh?
I believe . . .
  • #20,111
  • Feb 2, 2009 12:09am Feb 2, 2009 12:09am
Quoting ghous
A pullback to the yello line eh?
It may or may not pullback, but if it does not a bad place to look for PA at the yellow line or razcek's "?" . It may just fall like a rock.
Indicators show the past. Price Action "Indicates" the future.
  • #20,112
  • Feb 2, 2009 12:11am Feb 2, 2009 12:11am
...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gchf d.gif Size: 11 KB
I believe . . .
  • #20,113
  • Feb 2, 2009 12:18am Feb 2, 2009 12:18am
Quoting Shermenator
Closed with 20 pips simply not getting the reactiong I whanted to see....and price action is not helping me...

Attachment
Shermenator, sorry, im very confused of ur trade, r u using price action or not as u said price action is not helping u. and I dont see price action related entry for ur chart in james16.
  • #20,114
  • Feb 2, 2009 12:24am Feb 2, 2009 12:24am
I am still looking for shorts on this one since we still might have market makers trying to fill their orders...so based on the price action we get as we move up I will still consider to short...

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  • #20,115
  • Feb 2, 2009 12:28am Feb 2, 2009 12:28am
Quoting Piproo
Shermenator, sorry, im very confused of ur trade, r u using price action or not as u said price action is not helping u. and I dont see price action related entry for ur chart in james16.
Well what I meant in the example is that simply once in it price did not move as I whanted to and that is price action ...so I decided to cut the trade short and simply look for something else that offers a high probabilty setup....I trade how price reacts to support and resistance and thats price action ....
  • #20,116
  • Feb 2, 2009 12:35am Feb 2, 2009 12:35am
I advise anyone new to stick to the way james is teaching here, no offense shermenator, but we look for specific PA at key levels, not the way you are showing, nothing wrong what your doing, just not for newbs, thats for sure, a little to vague.
  • #20,117
  • Feb 2, 2009 12:47am Feb 2, 2009 12:47am
Quoting Mr Smith
I advise anyone new to stick to the way james is teaching here, no offense shermenator, but we look for specific PA at key levels, not the way you are showing, nothing wrong what your doing, just not for newbs, thats for sure, a little to vague.
thanks, smith
  • #20,118
  • Feb 2, 2009 1:01am Feb 2, 2009 1:01am
Quoting Piproo
Shermenator, sorry, im very confused of ur trade, r u using price action or not as u said price action is not helping u.
what i get... shermenator try to get easy pips playing at round number (i call it daily chart scalping http://www.forexfactory.com/images/icons/icon10.gif) <<< late reply... answer come out already
but then that pair not strong enough to pullback on reaction when the price touch that number....

p/s congrats to me... i just finish 100 page for 2nd time n will go to the third before move to 2nd hundred...
  • #20,119
  • Feb 2, 2009 1:08am Feb 2, 2009 1:08am
Quoting cappalz
what i get... shermenator try to get easy pips playing at round number (i call it daily chart scalping http://www.forexfactory.com/images/icons/icon10.gif) <<< late reply... answer come out already

but then that pair not strong enough to pullback on reaction when the price touch that number....

p/s congrats to me... i just finish 100 page for 2nd time n will go to the third before move to 2nd hundred...
Well I look at halve and full numbers as magnets to the market but primerly support and resistance is everything in the market and the 50, and whole whole numbers is simply a factor that passes thrue my head before taking the trade..I primerely trade support and resistance with very few fibbs since you can preety much see them without drawing them and just always ask yourself if the price you are selling or buying is considered a bargain to huge investors since that is more important then finding simple support and resistance on charts since everyone can do that but not the other part..and most important thing in trading is buy low sell high just like just about every buissness but not many people actually take this to the charts when trading.
  • #20,120
  • Feb 2, 2009 1:57am Feb 2, 2009 1:57am
Not really new but need some help with fibs.....Still doing a demo for about 6 mts...Like the James thread and have been making $$$ in the demo mode. Lost my ass in real trading, a while back.
I like to trade in the 15 min marget or the 1 hour area.
just want to learn how to do the fibs at which highs and lows.
j
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