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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

  • #23,081
  • Mar 5, 2009 5:09am Mar 5, 2009 5:09am
Quoting ghous
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.
Thanks for that.
Nasty looking bearish PB on 4H... hoping daily BUOB is stronger
  • #23,082
  • Mar 5, 2009 5:17am Mar 5, 2009 5:17am
Quoting ady27
Thanks for that.
Nasty looking bearish PB on 4H... hoping daily BUOB is stronger
Is'nt really that nasty if you ask me, unless it can help price break 1413.
I believe . . .
  • #23,083
  • Mar 5, 2009 6:11am Mar 5, 2009 6:11am
Quoting raczekfx
Every time I post live trades before my stop gets moved to be, it works against me....
oh well.... what the heck....
.
Scary, scary...
it worked nicely as well as all the other trades, but it sure has effect on psychology as Bundy said.... so no more live signals...
.
Quoting raczekfx
imho, we'll get a pullback to about 1.1760/80 first, as fiber will probably retraces to 1.2570 as well.
Regardless, I will play fiber short on another 2670 failure and swissy long on either 1 or 4hr pin break..
Now I'm being told this is not the end of it... interesting....
  • #23,084
  • Mar 5, 2009 6:13am Mar 5, 2009 6:13am
Quoting simoncs
hoping this might turn into a pin
rejection of 141, triple top and divergence
became a pin by proxy - but again all about the loaction - tp around 138.70 as aware of rising TL
  • #23,085
  • Mar 5, 2009 6:16am Mar 5, 2009 6:16am
Trade just in the break, that pinbar with divergence.

Now, possible go long,
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What does not kill me makes me stronger. Friedrich Nietzsche,
  • #23,086
  • Mar 5, 2009 6:20am Mar 5, 2009 6:20am
Quoting simoncs
but will probably pass on this.
has excellent divergence and double top - but i have no PA(even on lower tf) and even though it is close to my PPZ I am unsure. Had it been closer or tested the 85 then i would have been more interested.

boy it's hard to make pips these days - i bet we have another mad friday and i have to go out again.
now i know i said i would pass on this chfjpy - but things changed and i got a better signal on the 1 hour after did test the 85. Turned out to close as a doji in the end, but i liked the location.

sorry pc melt down - can't post charts - need to reboot
  • #23,087
  • Mar 5, 2009 6:21am Mar 5, 2009 6:21am
here are s/r levels as I see them... expect bounces..
(red dotted lines were my initial stops if someone's curious)
.
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  • #23,088
  • Mar 5, 2009 6:34am Mar 5, 2009 6:34am
This another of my trades.
S/R+EMA60+FIBO 50%
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What does not kill me makes me stronger. Friedrich Nietzsche,
  • #23,089
  • Mar 5, 2009 6:41am Mar 5, 2009 6:41am
Ok. I took this,
I bank some profits, rest BE
will see
This trades are S/R,+ some stuffs.
BTW: DEMO,
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What does not kill me makes me stronger. Friedrich Nietzsche,
  • #23,090
  • Mar 5, 2009 7:06am Mar 5, 2009 7:06am
Anyone's thoughts on this? 4hr BEOB

Pros: swing high, triple top, divergence and off 140 round number

It is only one hour into the bar but I don't like that it looks like a pin is forming the other way. anyone think I set my TP too far away or are there some PPZ's i am not aware of?
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Click to Enlarge Name: gbpjpy.gif Size: 19 KB
  • #23,091
  • Mar 5, 2009 7:12am Mar 5, 2009 7:12am
hey dmc, as a J16 follower i dont usually follow news, but i think that China, ECB and BOE really messed up charts today.
  • #23,092
  • Mar 5, 2009 7:36am Mar 5, 2009 7:36am
Quoting sertio
hey dmc, as a J16 follower i dont usually follow news, but i think that China, ECB and BOE really messed up charts today.
Thats upsetting...I completely forgot fundamentals exsisted ahah maybe it will work out
  • #23,093
  • Mar 5, 2009 7:43am Mar 5, 2009 7:43am
Quoting dmc
Anyone's thoughts on this? 4hr BEOB

Pros: swing high, triple top, divergence and off 140 round number

It is only one hour into the bar but I don't like that it looks like a pin is forming the other way. anyone think I set my TP too far away or are there some PPZ's i am not aware of?
I didn't take this one. But it looks like a very successful trade dmc for 30-40 pips.

I like your confluences. 139.00 looks like a better 1st target (round number, and past points of S/R). Also, a hard break at the trigger would also confirm the entry for me.

Is 30-40 pips to little amount? Are you expecting more then this?
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Indicators show the past. Price Action "Indicates" the future.
  • #23,094
  • Mar 5, 2009 7:45am Mar 5, 2009 7:45am
I closed my trades e/j,g/j,a/u = 80 pips, Before go down
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #23,095
  • Mar 5, 2009 7:47am Mar 5, 2009 7:47am
Quoting jarroo
I didn't take this one. But it looks like a very successful trade dmc for 30-40 pips.

I like your confluences. 139.00 looks like a better 1st target (round number, and past points of S/R). Also, a hard break at the trigger would also confirm the entry for me.

Is 30-40 pips to little amount? Are you expecting more then this?

I guess I just looked down a little too far I was looking at 138.85..some bar highs there. I think what I usually forget is that these are areas and not specific points. 30-40 pips is great don't get me wrong I have had much more success by setting my tp's then trying to let my trades run, guess I just sized this one up wrong.
  • #23,096
  • Edited 8:24am Mar 5, 2009 7:56am | Edited 8:24am
Quoting dmc
I guess I just looked down a little too far I was looking at 138.85..some bar highs there. I think what I usually forget is that these are areas and not specific points. 30-40 pips is great don't get me wrong I have had much more success by setting my tp's then trying to let my trades run, guess I just sized this one up wrong.
I thought you sized it up great dmc. Your not off base, just need to fine tune a little more. Once you have some positive pips (like 30 pips), put some in the bank and let the other half run at break even. If you get stopped out at break even on the second half . . or the full position . . . so what. There will be a time where it will run to the moon.
Indicators show the past. Price Action "Indicates" the future.
  • #23,097
  • Mar 5, 2009 8:04am Mar 5, 2009 8:04am
Quoting jarroo
I thought you sized it up great dmc. Your not off base, just need to fine tune a little more. Once you have some positive pips (like 30 pips), put some in the bank and let the other half run at break even. If you get stopped out at break even on the second half . . or the full position . . . so what. There will be a time where it will run to the moon.
Thanks jaroo, yea I usually put 2 orders in, but I woke up a little late for this one and wanted to get it in before it broke so I only put 1 order with full position size. As you said it broke extremely quickly.
  • #23,098
  • Mar 5, 2009 8:20am Mar 5, 2009 8:20am
Quoting dmc
Thanks jaroo, yea I usually put 2 orders in, but I woke up a little late for this one and wanted to get it in before it broke so I only put 1 order with full position size. As you said it broke extremely quickly.
The one thing about a good PA setup is the momentum of Price at the break. Think of momentum like your driving a boat on a lake and you want to make a complete and sudden stop. It just isn't going to happen in a boat. lol
PA setup, the good ones, then to act in this way. imo.

Well look at that (Gbp/Jpy) looks like it hit your 138.85. Good momentum on that setup dmc.
Indicators show the past. Price Action "Indicates" the future.
  • #23,099
  • Mar 5, 2009 8:30am Mar 5, 2009 8:30am
Facti: Welcome aboard, facti [/quote]

thanks dude
You can't have everything... where would you put it?
  • #23,100
  • Mar 5, 2009 8:34am Mar 5, 2009 8:34am
Quoting jarroo
The one thing about a good PA setup is the momentum of Price at the break. Think of momentum like your driving a boat on a lake and you want to make a complete and sudden stop. It just isn't going to happen in a boat. lol
PA setup, the good ones, then to act in this way. imo.

Well look at that (Gbp/Jpy) looks like it hit your 138.85. Good momentum on that setup dmc.
Looks like it did ... Thanks for the compliment Jaroo, and your help, it is always appreciated.
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