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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

  • #21,361
  • Feb 13, 2009 7:07am Feb 13, 2009 7:07am
Quoting jarroo
Gbp/Jpy:

http://www.youtube.com/watch?v=7t3yj...eature=related
  • #21,362
  • Feb 13, 2009 7:11am Feb 13, 2009 7:11am
Quoting Almfx
The bar is not a pin, this bar is more of neutral bar(indecision meaning the price haven't decided where to go).

ALM
agree wit u dat its more of a neutral bar / spinning top
was looking at it cos of the confluence of fib & ppz
also read somewhere dat spinning tops found at swing high / low could often lead to reversal, not going to trade it cos im not sure but will definately watch to see how it plays out
thnx
Simplicity is the key to success
  • #21,363
  • Feb 13, 2009 7:12am Feb 13, 2009 7:12am
Quoting jlmac27
The more I am looking at this the less I am interested in it.I think I am just too anxiuos to get in a trade.Sticking with daily and weekly pin bars (good pins) will really help a guys patience factor lately.I must say I have been patient.gbp to me looks weak across the board.Any comments from the older guys is welcomed!!!!!
Letting my newbieness show with this post,that setup shot away for a would of been great profit,While I was asleep of courseO'well you live and you learn.Will wait for the next one!!
  • #21,364
  • Feb 13, 2009 7:19am Feb 13, 2009 7:19am
Quoting Jduester
Good idea Pip. I have been doing that lately too and have found it's beneficial to see what the experienced traders see that I miss...whether it's a different FIB location, or trendline, etc.

Josh

What I noticed is most folks here see same PPZ, S/R, FIb, Confluence, ect.
But the challange start after you enter the trade, is where MONEY MANAGEMENT rules come in to play...It's one of the thing I must work on and other one is PATIENT to get only the good trades....

regards...
  • #21,365
  • Feb 13, 2009 8:14am Feb 13, 2009 8:14am
Quoting jarroo
So you see a retrace coming, fair enough. So where are you shorting?
From the area where price was sitting, when I said "time to take profit..." in my previous post.
I could've said "and reverse.." but it would sound, I'm running signals here..
  • #21,366
  • Feb 13, 2009 8:17am Feb 13, 2009 8:17am
Quoting raczekfx
From the area where price was sitting, when I said "time to take profit..." in my previous post.
I could've said "and reverse.." but it would sound, I'm running signals here..
Dude, Like I pretty much alluded to.... ...I'm loving this pair today.
Bundy's status today: "Waiting..."
  • #21,367
  • Feb 13, 2009 8:17am Feb 13, 2009 8:17am
Quoting raczekfx
I ain't pip, but how about 131?
Here we go

.
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  • #21,368
  • Feb 13, 2009 8:23am Feb 13, 2009 8:23am
Quoting bundyraider
Dude, Like I pretty much alluded to.... ...I'm loving this pair today.
What about cable B-raider..?
don't you like my 50/61 & ppz setups?
.
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  • #21,369
  • Feb 13, 2009 8:29am Feb 13, 2009 8:29am
Quoting raczekfx
Here we go

.
To the pip, and blastoff
Patience + Humility + Study = Success
  • #21,370
  • Feb 13, 2009 8:33am Feb 13, 2009 8:33am
..back to support and lift off again. pretty simple,.. if it works...

ok. enough of the good stuff for this week...

maybe one more: I'm keeping eye on dow futures. 7820 is my magic number...
.
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  • #21,371
  • Feb 13, 2009 8:38am Feb 13, 2009 8:38am
Excellent posts raczekfx . I learn from your charts

Quoting raczekfx
..back to support and lift off again. pretty simple,.. if it works...

ok. enough of the good stuff for this week...
.
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #21,372
  • Feb 13, 2009 8:41am Feb 13, 2009 8:41am
Quoting ikki
Excellent posts raczekfx . I learn from your charts
Glad you said that, cause I'm tired of posting them..
It's a continuous repetition after repetition after repetition.... nothing has changed..
  • #21,373
  • Feb 13, 2009 8:41am Feb 13, 2009 8:41am
Quoting raczekfx
What about cable B-raider..?
don't you like my 50/61 & ppz setups?
.
Haven't changed from GJ chart all day. lol

I just set level alerts, then did other things.

....Chillaxin'
Bundy's status today: "Waiting..."
  • #21,374
  • Feb 13, 2009 8:43am Feb 13, 2009 8:43am
Quoting trujillo1980
PATIENT=REWARD
Price hit my TP @131.96. closed remaining 50%...
  • #21,375
  • Feb 13, 2009 8:58am Feb 13, 2009 8:58am
Quoting raczekfx
Glad you said that, cause I'm tired of posting them..
It's a continuous repetition after repetition after repetition.... nothing has changed..
No, I'm definitely learning from them too, both on this page, and on page 752, where you also posted last June! You seem to have mastered S/R regions, which allows you to 'jump' the PA entry.

Can I assume you first learned to trade using strictly the PA entries? Meaning you would wait for a PB on the daily to break, or wait for the break of a BUOB on a daily? It would seem logical that starting with these entries would be more conservative and hence, recommended to newbies. But seeing your entries provides confidence to us in this method of trading as well as opens our eyes to chart reading - seeing stuff that we have missed.

Thanks for your posts Rac and keep posting (as monotonous as it may be!)

Great weekend to all... US on holiday Monday.

Josh
  • #21,376
  • Feb 13, 2009 8:58am Feb 13, 2009 8:58am
Quoting squeezy
hey guys,
cld u pls comment on dis
seems to hav good confluence at 50fib & 1.4550 ppz
not sure whether its a good pin though
seems to hav space to run
no traffic to the left
wat do u guys think
That is not a pinbar. The open and the close are at the center of the bar. Signals indecision.
  • #21,377
  • Feb 13, 2009 8:59am Feb 13, 2009 8:59am
Quoting raczekfx
..back to support and lift off again. pretty simple,.. if it works...

ok. enough of the good stuff for this week...

maybe one more: I'm keeping eye on dow futures. 7820 is my magic number...
.

What broker are you going threw to get your futures chart?
  • #21,378
  • Feb 13, 2009 8:59am Feb 13, 2009 8:59am
Quoting gaia
know its short term for you fellers! but gbp/usd 1hr possible pin bar. nice position free space, 61fib retrace overbought position long bar prior to pin.
sorry cant post charts yet waiting for my mt4 platform. Yor remarks would be most welcome for a relative newbie to thsi great thread
Good for 100 pips quick trade! took 2 lots off at 50 and have now close final lot.

Would have liked some opinions just to qualify my belief!!!!
  • #21,379
  • Feb 13, 2009 9:04am Feb 13, 2009 9:04am
Hey guys, I know it's out of topic but it's importan...How you calculate pip value of crosses pairs let say GBPJPY?

Please give example...

thank you...
  • #21,380
  • Feb 13, 2009 9:06am Feb 13, 2009 9:06am
Hey Rac, how it feels when you are "in the zone"??

Quoting raczekfx
Glad you said that, cause I'm tired of posting them..
It's a continuous repetition after repetition after repetition.... nothing has changed..
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