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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

  • #21,241
  • Feb 12, 2009 12:38pm Feb 12, 2009 12:38pm
Quoting Jigsaw
Nothing you said was wrong in terms of analysis. And it was a good eye to spot the formation.

Take it easy / Chill a bit. People spend years flat broke in University to do something that provides an average enough standard of living.

You cannot expect to have it conquered in a few weeks. . .

EDIT: or even months . . even years probably . .
thnx jig,
i kno, once in a while one needs to pour out his frustration so dat guys like u cld giv me words of encouragement...
thnx
comments from u guys always make my day, and giv me hope for a better tomorrow
Simplicity is the key to success
  • #21,242
  • Feb 12, 2009 12:45pm Feb 12, 2009 12:45pm
Quoting squeezy
thnx jig,
i kno, once in a while one needs to pour out his frustration so dat guys like u cld giv me words of encouragement...
thnx
comments from u guys always make my day, and giv me hope for a better tomorrow
Doncha worry mate,

Periods like these are an essential part of every trader...

Take some time off clear your head and then come back you're doing good mate don't let your confidence drain away with a trade or 2

So howz ya girl friend doin'?
I believe . . .
  • #21,243
  • Feb 12, 2009 12:55pm Feb 12, 2009 12:55pm
Quoting ghous
Sorry missed the post in the Shermenator triumph

umm...as far as IBs go I really don't treat them in pairs just like a BEOB and it's cousin the BUOB, the bullish pin bar and the bearish pin bar...

An IB given that it has a proper shape (the smaller the Ib relative to the previous bar the better) get's traded upon location...

You can trade an IB which closes higher than the open (i assume this is what you're referring to as a bullish IB) on the long side and on the short side, it really depends upon where it occurs... (look at the...
thnx ghous
saved charts for future reference
Simplicity is the key to success
  • #21,244
  • Feb 12, 2009 12:59pm Feb 12, 2009 12:59pm
Just update from my previous trade. Currently still holding for my 2nd half.

Eur/Gbp:
Price stalled where expected. We had a inverted PB on the H4 off the minor H4 minor PPZ. I'm going to change my stoploss on the 2nd half to the low of the inverted PB.

Gbp/Chf:
Again. Price stalled where expected. We also have inverted PB on the H4 off minor PPZ. Would be interesting to price break the blue rectangle and retest. On the weekly chart, we are on down trend but currently on the pullback. If the market continues down, would be great. If not, that's where SL is for lol.

Comments pls.
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  • #21,245
  • Feb 12, 2009 12:59pm Feb 12, 2009 12:59pm
Quoting ghous
Doncha worry mate,

Periods like these are an essential part of every trader...

Take some time off clear your head and then come back you're doing good mate don't let your confidence drain away with a trade or 2

So howz ya girl friend doin'?
hehehe
nice one ghous
btw she is fine ,missing me as usual
planning smthing special for her for feb 14th
Simplicity is the key to success
  • #21,246
  • Feb 12, 2009 1:19pm Feb 12, 2009 1:19pm
Oh well, off to bed. If anyone stumbles across my post on the last page, and wants to comment, I will check it when I wake up... if not, no problem.

Hope everyone has a good day
  • #21,247
  • Feb 12, 2009 1:50pm Feb 12, 2009 1:50pm
Quoting Shermenator
Here is one of my current trades as well currently down a bitt but look at the structure as well as the rythem on the daily as well as the long wicks in about the past 12 hours...its saying a story ....

Attachment
hi Shermenator, would u mind sharing the grey box indicator.

thnx
  • #21,248
  • Feb 12, 2009 2:26pm Feb 12, 2009 2:26pm
Quoting james16
CHART
That was a classic J16 "A" trade in my book Jim. I made some solid pips off that one.

At what point did you realize that Price was going to reach that strong resistence level? Or was there a point after the break of the BUOB that told you that level of strong resistence would be reached?

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #21,249
  • Feb 12, 2009 2:53pm Feb 12, 2009 2:53pm
Quoting jarroo

That was a classic J16 "A" trade in my book Jim. I made some solid pips off that one. At what point did you realize that Price was going to reach that strong resistence level? Or was there a point after the break of the BUOB that told you that level of strong resistence would be reached?
& furthermore, now that price has reached such a strong level of resistance & confluence...how will it react now?
  • #21,250
  • Feb 12, 2009 2:55pm Feb 12, 2009 2:55pm
Quoting jarroo
That was a classic J16 "A" trade in my book Jim. I made some solid pips off that one.

At what point did you realize that Price was going to reach that strong resistence level? Or was there a point after the break of the BUOB that told you that level of strong resistence would be reached?

Jim

I think one answer could be once Price broke the 8950ish level (these Lows gold) or the 9000 level, Price had a chance to reach the next level of heavy resistence. (sorry not a current chart.)
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #21,251
  • Feb 12, 2009 2:58pm Feb 12, 2009 2:58pm
Quoting dkmb92
& furthermore, now that price has reached such a strong level of resistance & confluence...how will it react now?
Maybe the Weekly BEOB will now come into play.
Indicators show the past. Price Action "Indicates" the future.
  • #21,252
  • Feb 12, 2009 3:01pm Feb 12, 2009 3:01pm
what you guys think?If it closes as a pin of course.
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  • #21,253
  • Feb 12, 2009 3:06pm Feb 12, 2009 3:06pm
Quoting raczekfx


We now need some PA to reach limits..., PA tomorrow ? It would depend on DJ imho
.
.
e/j, dj - daily pins? we'll see.

It's worth waiting and saving your capital for days like today
Could it be reversal on dow and e/j? let's see.
If interested, here is a little doc with my today's trades (aggressive, yet planned very carefully).

Dow closed above ppz, so I will look forward for dozens PA entries from a daily perspective.

Happy trading.
.
Attached File(s)
File Type: pdf feb12.pdf   209 KB | 1,309 downloads
  • #21,254
  • Feb 12, 2009 3:06pm Feb 12, 2009 3:06pm
Quoting jlmac27
what you guys think?If it closes as a pin of course.
Looks real good. "A" quality in my book. Again if it closes as a pin.
Indicators show the past. Price Action "Indicates" the future.
  • #21,255
  • Feb 12, 2009 3:09pm Feb 12, 2009 3:09pm
Quoting raczekfx
e/j, dj - daily pins? we'll see.

It's worth waiting and saving your capital for days like today
Could it be reversal on dow and e/j? let's see.
If interested, here is a little doc with my today's trades (aggressive, yet planned very carefully).

Dow closed above ppz, so I will look forward for dozens PA entries from a daily perspective.

Happy trading.
.
Thanks raczek. Cool stuff.
Indicators show the past. Price Action "Indicates" the future.
  • #21,256
  • Feb 12, 2009 3:14pm Feb 12, 2009 3:14pm
Quoting jarroo
Thanks raczek. Cool stuff.
Glad you liked it Jim....
  • #21,257
  • Feb 12, 2009 3:27pm Feb 12, 2009 3:27pm
Just cause I know Mark is busy & he cant catch them all.

One that i managed to catch this arvo..
stop @ be.
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  • #21,258
  • Feb 12, 2009 3:30pm Feb 12, 2009 3:30pm
Also to go along with Mark's bias. If we can get a daily close on uj above 91 there could be a nice move ahead.. she's right there now trying.....
  • #21,259
  • Feb 12, 2009 3:34pm Feb 12, 2009 3:34pm
Quoting rustyjeff
Just cause I know Mark is busy & he cant catch them all.

One that i managed to catch this arvo..
stop @ be.
lol... funny you mentioned that Jeff, cause it was very tempting, but using 6% of my account would not be wise , so I had to prioritize and picked the runner instead ... (read: yen)
  • #21,260
  • Feb 12, 2009 3:37pm Feb 12, 2009 3:37pm
Quoting raczekfx
e/j, dj - daily pins? we'll see.

It's worth waiting and saving your capital for days like today
Could it be reversal on dow and e/j? let's see.
If interested, here is a little doc with my today's trades (aggressive, yet planned very carefully).

Dow closed above ppz, so I will look forward for dozens PA entries from a daily perspective.

Happy trading.
.
Thanks for sharing, Rac. I don't post much around here but I'm an avid J16 fan and your posts and always enlightening. I'm starting to think the way you and some others like RustyJeff do in taking trades as they fall into support/resistance, rather then waiting for a break of this trend line or that bar or whatever.

Once again, thanks for sharing. Really appreciate it.

-G550
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