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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

  • #20,961
  • Feb 10, 2009 7:44pm Feb 10, 2009 7:44pm
Quoting raczekfx
I was waiting for someone to comment on g/chf since we hit Tp1 yesterday.
Wonder if anyone caught a PA off that weekly G line...?
SRs are GOLD, especially on the first approach...
...
.
I did noticed the PB on the hourly chart. But did not take it cause I thought the size of the PB was too small but who knows the PB gave 600ps for those who take it. So, you would take the PB even the size considered small (might be OK for you) given the location of the PB is superb (Weekly PPZ, that's why superb lol)? Thanks rac.
  • #20,962
  • Edited 8:07pm Feb 10, 2009 7:45pm | Edited 8:07pm
Quoting raczekfx
I was waiting for someone to comment on g/chf since we hit Tp1 yesterday.
Wonder if anyone caught a PA off that weekly G line...?
SRs are GOLD, especially on the first approach...
I know at least a couple of you here trade at $100/ps. Congrats on your 600 free fall.. :-)

I'd be in a celebration mood, if it wasn't for $9.7 trillion rescue package, our children and their grandchildren have to live with.... Scary, very scary times....Time to move to NZ?
.
I got a piece of the gbchf touch short, but set a tp at the first blue, & went to bed with a tight stop. I was thinking it might push up a bit over 1.7 so didn't worry about it.
I got some profit but missed a lot. so thats the way it goes.

Mark, my wife (American), just the other day asked that que.. Do you think we should move back to Oz.. I would love to but she will miss her family too much I think. Still to be considered...

it was late for me... I still dont know why I set a tp, especially at that zone...
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  • #20,963
  • Feb 10, 2009 7:49pm Feb 10, 2009 7:49pm
Quoting raczekfx
I was waiting for someone to comment on g/chf since we hit Tp1 yesterday.
Wonder if anyone caught a PA off that weekly G line...?
SRs are GOLD, especially on the first approach...
I know at least a couple of you here trade at $100/ps. Congrats on your 600 free fall.. :-)

I'd be in a celebration mood, if it wasn't for $9.7 trillion rescue package, our children and their grandchildren have to live with.... Scary, very scary times....Time to move to NZ?
.
I actually did get quite a few pips!!!! First trade I took with the James 16 group, w00t!
Dr. C
  • #20,964
  • Feb 10, 2009 7:51pm Feb 10, 2009 7:51pm
Quoting raczekfx
]$9.7 trillion rescue package, our children and their grandchildren have to live with.... Scary, very scary times....Time to move to NZ?
.
Madness, America spending what . . All that money to go to war and then more money to re-build the country when they should be looking after their own country . . Three Trillion . . .

I hope for the sake of us all Mr. Hope and Hysteria knows what he is doing . .


Quoting mrsingha
Mike,
Have a look at SIGtrader4. Its got the largest selection of charts I've seen from any MT4 platform.

Steve.
I posted the link to it earlier, it's the same one as I was talking about
Broxo trader is another good one for demoing stuff in general, as is FxPro.
  • #20,965
  • Feb 10, 2009 7:54pm Feb 10, 2009 7:54pm
Quoting arcus
.... So, you would take the PB even the size considered small (might be OK for you) given the location of the PB is superb (Weekly PPZ, that's why superb lol)? ....
Absolutely!!! Location, location!!!
I live and breathe SRs....

Quoting rustyjeff
Mark, my wife (American), just the other day asked that que.. Do you think we should move back to Oz.. I would love to but she will miss her family too much I think.
If it wasn't for the snakes (I hate snakes... must've been swallowed by a python in my previous life....), I would.
  • #20,966
  • Feb 10, 2009 7:59pm Feb 10, 2009 7:59pm
Quoting rustyjeff
I got a piece of the gbchf touch short, but set a tp at the first blue, & went to bed with a tight stop. I was thinking it might push up a bit over 1.7 so didn't worry about it.
I got some profit but missed a lot. so thats the way it goes.
...
Hi rusty,

I've been wondering whether you might take the PB marked (on the hourly chart) if you are awake at that time and your reasoning for not taking/taking the PB.
Quoting raczekfx
Absolutely!!! Location, location!!!
I live and breathe SRs....
You mentioned about the SRs are gold especially on the first touch. Do you mean that they usually fail to break the resistance (based on the weekly chart) on first try? . Thanks rac!
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  • #20,967
  • Feb 10, 2009 8:11pm Feb 10, 2009 8:11pm
Quoting raczekfx
Absolutely!!! Location, location!!!
I live and breathe SRs....



If it wasn't for the snakes (I hate snakes... must've been swallowed by a python in my previous life....), I would.
I was there till I was 30, & i'm still alive... Sharks, snakes, spiders, jellyfish & all..
dont worry about any of it. they will see you first anyway..
  • #20,968
  • Feb 10, 2009 8:14pm Feb 10, 2009 8:14pm
Quoting arcus
Hi rusty,

I've been wondering whether you might take the PB marked (on the hourly chart) if you are awake at that time and your reasoning for not taking/taking the PB.

You mentioned about the SRs are gold especially on the first touch. Do you mean that they usually fail to break the resistance (based on the weekly chart) on first try? . Thanks rac!
Look at the chrt on the weekly. mark your ppz's, now go down in tf's & see what happens there. On first hit, 2nd & so on.. Just have a look. & see what you think happens..
  • #20,969
  • Feb 10, 2009 8:27pm Feb 10, 2009 8:27pm
gbp/chf
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  • #20,970
  • Feb 10, 2009 8:49pm Feb 10, 2009 8:49pm
Quoting arcus

You mentioned about the SRs are gold especially on the first touch. Do you mean that they usually fail to break the resistance (based on the weekly chart) on first try? .
I don't want to generalize them, since I'm very picky when it comes to what I trade, but from my experience they hold 9 times out of 10. The better homework you do, the better chances you will have.... the rest is in your head, regardless of what people will tell you...
There is lots of garbage floating around on the net. If you stick to long term SRs (plus pa), in about year or two, you won't have anything to talk about on FF... That's how simple it is...

It's the people, who tend to complicate things beyond simplicity...
  • #20,971
  • Feb 10, 2009 9:17pm Feb 10, 2009 9:17pm
Quoting raczekfx
I don't want to generalize them, since I'm very picky when it comes to what I trade, but from my experience they hold 9 times out of 10. The better homework you do, the better chances you will have.... the rest is in your head, regardless of what people will tell you...
There is lots of garbage floating around on the net. If you stick to long term SRs (plus pa), in about year or two, you won't have anything to talk about on FF... That's how simple it is...

It's the people, who tend to complicate things beyond simplicity...
He's right on this one. I cannot believe how easy this trading can be. It's OURSELVES that make it difficult.
  • #20,972
  • Feb 10, 2009 9:56pm Feb 10, 2009 9:56pm
Quoting AlexWong76
gbp/chf
Alex,
Just a thought here (and I'd be interested to hear what the big guys think),
but if you are entering on a retrace at .7025, you'd be running straight into a big number 0.7 which could act as support AND a PPZ directly below it.
Maybe better to wait for a break below.
As I say, just a thought.

Steve.
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"The more I practice, the luckier I get." (Gary Player)
  • #20,973
  • Feb 10, 2009 10:07pm Feb 10, 2009 10:07pm
I am wanting to take a short on the GBP/CHF on a retrace to the 1.71 level, it bounced off lots of resistance and I am targeting The next fib at 1.6320. What are your guys thoughts????
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Dr. C
  • #20,974
  • Feb 10, 2009 10:17pm Feb 10, 2009 10:17pm
we are on the same camp buddy. our thought is confluence. no retracement no trade.

Quoting cvcamper
I am wanting to take a short on the GBP/CHF on a retrace to the 1.71 level, it bounced off lots of resistance and I am targeting The next fib at 1.6320. What are your guys thoughts????
  • #20,975
  • Feb 10, 2009 11:26pm Feb 10, 2009 11:26pm
Quoting clockwork71
He's right on this one. I cannot believe how easy this trading can be. It's OURSELVES that make it difficult.

oh yeah....
  • #20,976
  • Feb 10, 2009 11:54pm Feb 10, 2009 11:54pm
Quoting arcus
Hi guys,

What do you think about this one? Maybe some of us had already had their order in. Though it's still early to decide, but if it ends as BUOB and close above the PPZ, would make a good trade IMO. So, comment pls.

Pro: Swing low, bounce off daily PPZ.
How we doing arcus.
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Indicators show the past. Price Action "Indicates" the future.
  • #20,977
  • Edited 12:13am Feb 11, 2009 12:02am | Edited 12:13am
Target:

I like to see .9000 hit, but first the High (plum) and these Lows (gold)
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Indicators show the past. Price Action "Indicates" the future.
  • #20,978
  • Feb 11, 2009 1:12am Feb 11, 2009 1:12am
Taking half off for 67 pips. That was worth the wait. It always is.
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Indicators show the past. Price Action "Indicates" the future.
  • #20,979
  • Feb 11, 2009 2:31am Feb 11, 2009 2:31am
Quoting jarroo
Taking half off for 67 pips. That was worth the wait. It always is.
Nice mate

I am waiting for 0.9 as my first tp the remainder enjoys the fresh esance of a free trade

Regards,
Ghous.
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I believe . . .
  • #20,980
  • Feb 11, 2009 2:41am Feb 11, 2009 2:41am
Hello CVCAMPER,

I'm thinking to open a spread-betting account with GFT UK because of the tax free.

1) Is GFT a good broker (no prices manipulation, NO stop hunting, tight spreads....etc.) ?

2) Is DealBook@360 a friendly plateform (speed of execution, tight spreads, good charting capabilities....) ?

Sorry guys to be off topic ,

Happy trading,

Cheers

Angel
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