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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

  • #23,061
  • Mar 5, 2009 12:10am Mar 5, 2009 12:10am
just my 2ps worth on the nz/us,you can see how price has flipped the ppz at the .5000. nice pa.
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PATIENCE... DISCIPLINE
  • #23,062
  • Mar 5, 2009 12:12am Mar 5, 2009 12:12am
Quoting Facti
thanks for reply dude
for FX sakes do something! record some video if you have time! just kidding
but seriously you wouldnt believe me how much I gained from those video. Great job man, Great job.
so that's the all video that you put on the site, yeah? I thought there would be some more if I joined!

Facti
haha, oh sorry there are many more inside, I thought you meant inside the PF

Glad to hear you are getting something from them
  • #23,063
  • Mar 5, 2009 12:24am Mar 5, 2009 12:24am
Quoting mbqb11
haha, oh sorry there are many more inside, I thought you meant inside the PF

Glad to hear you are getting something from them
just a student, I dont think that I can afford $129 per month with a part time sucks job! maybe later...

thanks for everything that you learned me

Facti
You can't have everything... where would you put it?
  • #23,064
  • Mar 5, 2009 1:13am Mar 5, 2009 1:13am
Quoting mbqb11

No DVD set from james that i know of , although maybe he will do one on snake breeding

Best
Mike
LOL omg I can't resist! **imagining**

Facti: Welcome aboard, facti
  • #23,065
  • Mar 5, 2009 1:21am Mar 5, 2009 1:21am
Quoting g_j_hook@yah
just my 2ps worth on the nz/us,you can see how price has flipped the ppz at the .5000. nice pa.
This PPZ goes all the way back to 1986, then 1998, and again in 2002, so it is a pretty strong zone it would seem. Should see a bounce one would think.
  • #23,066
  • Edited 2:01am Mar 5, 2009 1:48am | Edited 2:01am
Quoting g_j_hook@yah
heres something to watch,dblhc on the gb/us daily tf
of course theres those interest rates,could always suprise us.
comments on this setup welcome.
I am bearish on cable for the moment. It looks to me to have broken through the PPZ to the downside and is in a retrace right now. I believe the PA in the box is as close to a bearish piercing line, or dark cloud cover, as we can get in forex and until it is broken I am bearish and looking to short on the break of the dark cloud cover. Bullish on UCAD due to same pattern at PPZ.
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  • #23,067
  • Mar 5, 2009 2:08am Mar 5, 2009 2:08am
Quoting johnnyonspot
I am bearish on cable for the moment. It looks to me to have broken through the PPZ to the downside and is in a retrace right now. I believe the PA in the box is bearish piercing line, or dark cloud cover, and until it is broken I am bearish and looking to short on the break of the dark cloud cover. Bullish on UCAD due to same pattern at PPZ.
hi johnny, i also have the ppz around 141.80,dont intend to look for a long until the break of 142.00. will look for a retrace if that happens.been watching the u/cad 4h ib also,not one ill bee takin though,good luck n
thanx for your input buddy
jon
PATIENCE... DISCIPLINE
  • #23,068
  • Mar 5, 2009 2:50am Mar 5, 2009 2:50am
Quoting mbqb11
Hey Facti

Thanks for the nice words, really glad you are enjoying them. The only ones are the ones that are available within the group and scattered around the forum.

No DVD set from james that i know of , although maybe he will do one on snake breeding

Best
Mike
That would be so DAMN COOOL!!! I can imagine replacing Bob with Jim in Bob's videos posted on his website. HAHA!
I believe . . .
  • #23,069
  • Mar 5, 2009 2:52am Mar 5, 2009 2:52am
Quoting g_j_hook@yah
heres something to watch,dblhc on the gb/us daily tf
of course theres those interest rates,could always suprise us.
comments on this setup welcome.
Caught this one a the pullback near the 1.41 level. +50 and looking good stop to BE.

Regards,
Ghous.
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I believe . . .
  • #23,070
  • Mar 5, 2009 2:54am Mar 5, 2009 2:54am
Quoting g_j_hook@yah
just my 2ps worth on the nz/us,you can see how price has flipped the ppz at the .5000. nice pa.
Spot on buddy

Great work.
I believe . . .
  • #23,071
  • Mar 5, 2009 3:02am Mar 5, 2009 3:02am
Thought this might be of help to some of you. I use it to help me recognise patterns that i might not have seen and give me an overall picture of what might be happening.

IBFX has a pattern recognition tool. http://www.ibfx.com/Tools/PRS/Default.aspx

I only have a demo account so i don't have the full functionality - but interesting none-the-less.


Realistically there is no substitute for learning to see these for yourself, however i think everyone needs a helping hand or guide in the beginning to see the possibilities.
  • #23,072
  • Mar 5, 2009 3:13am Mar 5, 2009 3:13am
Quoting simoncs
Thought this might be of help to some of you. I use it to help me recognise patterns that i might not have seen and give me an overall picture of what might be happening.

IBFX has a pattern recognition tool. http://www.ibfx.com/Tools/PRS/Default.aspx

I only have a demo account so i don't have the full functionality - but interesting none-the-less.


Realistically there is no substitute for learning to see these for yourself, however i think everyone needs a helping hand or guide in the beginning to see the possibilities.

Rethinking this - I don't want this to be a distraction to the PA that Jim has taught us all, but rather add to it.

Here's an example of what i mean. This AUDUSD trade - i was expecting price to get back to the 655 ppz and couldn't initially see why it didn't make it.
However it would seem that price is in this falling wedge pattern, and in fact we got a pin bar (not the best) off the top of this channel. Doesn't mean at this stage i would play these necessarily, but it is interesting to see why price reacted the way it did.
Further to this as it might be a falling wedge we can then wait for price to break north - perhaps a pullback and then some PA to go long.
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  • #23,073
  • Mar 5, 2009 3:16am Mar 5, 2009 3:16am
Quoting ghous
Caught this one a the pullback near the 1.41 level. +50 and looking good stop to BE.

Regards,
Ghous.
nice trade mate, i didnt dare buy a pullback untill it broke.got a few pips earlier with a pin on the 1h tf
had my order triggered at 4215, lookin for the same t1 as you have on your chart.Theres bearish div on the 1hour charts so mabye a pull back reversal is comin?? wats your veiw on the trade now??
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PATIENCE... DISCIPLINE
  • #23,074
  • Mar 5, 2009 3:42am Mar 5, 2009 3:42am
Quoting g_j_hook@yah
nice trade mate, i didnt dare buy a pullback untill it broke.got a few pips earlier with a pin on the 1h tf
had my order triggered at 4215, lookin for the same t1 as you have on your chart.Theres bearish div on the 1hour charts so mabye a pull back reversal is comin?? wats your veiw on the trade now??
A trade on the daily has to be treated EXACTLY like a trade on the daily nothing more and nothing else. 1H is insignificant by all means. Since I already have my stop to BE i am not too worried...
I believe . . .
  • #23,075
  • Mar 5, 2009 3:48am Mar 5, 2009 3:48am
hoping this might turn into a pin
rejection of 141, triple top and divergence
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  • #23,076
  • Mar 5, 2009 3:48am Mar 5, 2009 3:48am
Quoting ghous
A trade on the daily has to be treated EXACTLY like a trade on the daily nothing more and nothing else. 1H is insignificant by all means. Since I already have my stop to BE i am not too worried...
PATIENCE... DISCIPLINE
  • #23,077
  • Mar 5, 2009 3:50am Mar 5, 2009 3:50am
Quoting mbqb11
Hey Bakko

It is sort of a double edged sword....
It has lot of sense Maybe i'm in the beginning stage in which everyone is "hungry", and wants to learn and assimilate all you can see..!
But, passing the time, i hope i'll be able to sit and take only the A trade
  • #23,078
  • Mar 5, 2009 4:03am Mar 5, 2009 4:03am
Quoting simoncs
hoping this might turn into a pin
rejection of 141, triple top and divergence
Hi simon,
i'm looking at that too. If it will close as a pin bar i think it could be an interesting opportunity.
  • #23,079
  • Mar 5, 2009 4:28am Mar 5, 2009 4:28am
Quoting ghous
Caught this one a the pullback near the 1.41 level. +50 and looking good stop to BE.

Regards,
Ghous.
Hi Ghous,

I'm in on that but from the top, which means for now -50p drwadown.
see you entered on the retrace. can you please explain what made you place your order there.

Thanks
  • #23,080
  • Mar 5, 2009 4:38am Mar 5, 2009 4:38am
Quoting ady27
Hi Ghous,

I'm in on that but from the top, which means for now -50p drwadown.
see you entered on the retrace. can you please explain what made you place your order there.

Thanks
The BUOB yesterday closed beyond the ppz with a lot of authority, a pullback thus was almost certain...

Abt the trade...

Got stopped out at Breakeven but renetered at 14140

Regards,
Ghous.
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I believe . . .
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