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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

  • #24,821
  • Mar 25, 2009 11:39am Mar 25, 2009 11:39am
Quoting raczekfx
yes, take opposite position on the same cross (instead of a SL) in a ranging market.
Interesting, thx. First time I heard of this
  • #24,822
  • Mar 25, 2009 11:39am Mar 25, 2009 11:39am
ok.. and the last one for today (have been watching screens way too long this morning )

We've got daily pin, which broke last night. Now we've got rac's favorite retrace..
I wonder how it will play out in asia...
tc
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  • #24,823
  • Mar 25, 2009 11:39am Mar 25, 2009 11:39am
Quoting Mr demark
Guys, check the EURGBP

I think it is forming a double low higher close (DBLHC)

There is resistance about 100 pip away though. What do u think?

(sorry, no chart)

Or a 2 day PB...

But, whatever PA this pair offers today I won't trade it because my "tradeable" areas are around 1.95 and 1.91.
Wish you a good trade if you enter.
regards
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  • #24,824
  • Mar 25, 2009 11:40am Mar 25, 2009 11:40am
Quoting Jlr
I'm way to careful I think.

I am hoping with more experience, I will gain more confidence.

Last few weeks have been so sad with the calls I've made, you'd think my account would be pretty healthy, but I'm to chicken to let it all play out. ...

Going to push myself even more ... Ty
1) Never can it be so. Period Exclamation etc. etc.

2) Don't chase it but allow it to come to you. This takes Time & Focus.

3) Mentally Chasing Pips you left on the table will do one of two things.
a} Drive you Nuts.
b} Give you a further education.
Make sure you know which track you are on.

4) As long as the "Push" is in the basement. Don't Push the Front, that has only one outcome. Push the Understanding.
  • #24,825
  • Mar 25, 2009 11:43am Mar 25, 2009 11:43am
Quoting Luso
Or a 2 day PB...

But, whatever PA this pair offers today I won't trade it because my "tradeable" areas are around 1.95 and 1.91.
Wish you a good trade if you enter.
regards

No i didn't enter. MY trading areas were right where yours are.

NOW, check out the USDCAD. I dont know if it was posted before but i like high probability that it might go to the upside (bullish)
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100% of traders are losers. Just that some win more than they lose!
  • #24,826
  • Mar 25, 2009 11:54am Mar 25, 2009 11:54am
Quoting Mr demark
No i didn't enter. MY trading areas were right where yours are.

NOW, check out the USDCAD. I dont know if it was posted before but i like high probability that it might go to the upside (bullish)
Yep, long from 1.2266
  • #24,827
  • Mar 25, 2009 11:54am Mar 25, 2009 11:54am
Quoting Mr demark
No i didn't enter. MY trading are was right where yours are.

NOW, check out the USDCAD. I dont know if it was posted before but i like high probability that it might go to the upside (bullish)

I agree with you... This is a much better set up in my opinion...off strong ppz, supported by the trendline... The shape of the bar could look better (longer) but I will be watching this one.
regards,
  • #24,828
  • Mar 25, 2009 11:55am Mar 25, 2009 11:55am
Had a come to Jesus moment. Realizing I still get in my own way to much. Time to go to the monistary and read the lessons from the good book again.
Patience + Humility + Study = Success
  • #24,829
  • Mar 25, 2009 11:57am Mar 25, 2009 11:57am
Quoting HipsterPipster
Yep, long from 1.2266

Hi,

Can you please clarify based on what PA did you enter?
Ty in advance HipsterPipster
regards
  • #24,830
  • Mar 25, 2009 11:58am Mar 25, 2009 11:58am
Quoting Mr demark
No i didn't enter. MY trading areas were right where yours are.

NOW, check out the USDCAD. I dont know if it was posted before but i like high probability that it might go to the upside (bullish)
Yep I am long in this puppy since last thursday....
  • #24,831
  • Mar 25, 2009 12:02pm Mar 25, 2009 12:02pm
Look like a close of the daily as is will give us a harami.

http://img14.imageshack.us/img14/4741/usdcad.gif

The risk reward isn't bad either. My first target would be 1.2500.
Bang.
  • #24,832
  • Mar 25, 2009 12:05pm Mar 25, 2009 12:05pm
Quoting ghous
Hey Artov,

i passed on this one for it's poor location and the lack of space. The 131 line ppz has been a very very strong source of resistance and can become equally good to serve as support, when there are so many setups available the wisest thing to do is to be as picky as you possibly can

Mike gave some more reasons to avoid this trade a few pages ago, here it is..

http://www.forexfactory.com/showpost...ostcount=24681

Regards,
Ghous.


Thanks for the info. I didn't see that before my trade was triggered last night.
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  • #24,833
  • Mar 25, 2009 12:05pm Mar 25, 2009 12:05pm
Quoting Luso
Hi,

Can you please clarify based on what PA did you enter?
Ty in advance HipsterPipster
regards
It is aggressive, but we have a swing with bar lows and a break of yesterdays IB "depending on your feed". It is a move I have developed by watching one of my fellow J16 flyers, as I entered on lower TF.
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  • #24,834
  • Mar 25, 2009 12:05pm Mar 25, 2009 12:05pm
Quoting Bemac
1) Never can it be so. Period Exclamation etc. etc.

2) Don't chase it but allow it to come to you. This takes Time & Focus.

3) Mentally Chasing Pips you left on the table will do one of two things.
a} Drive you Nuts.
b} Give you a further education.
Make sure you know which track you are on.

4) As long as the "Push" is in the basement. Don't Push the Front, that has only one outcome. Push the Understanding.
awesome B
  • #24,835
  • Mar 25, 2009 12:13pm Mar 25, 2009 12:13pm
Quoting BWise
It appears that a PB to the upside is forming on the Daily off a rejection of the 54.00 level. If this plays out and closes as a PB, would it cancel the initial PB you entered off?

I also took this trade and just checked up on it not too long ago to see it was in a deep retrace.


EDIT: I soon as I posted this, price starts heading back south. I guess I spoke too soon. Crazy charts ....
Lol! Honestly the best time you can post an update to your trade on the daily is after the daily bar has closed, it was a nice conflicting pin bar all day long and look how it's looking to finish off respecting the bearish pin bar before it...

Nothing abt what's happening is crazy, it's how it works

Regards,
Ghous.
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I believe . . .
  • #24,836
  • Mar 25, 2009 12:17pm Mar 25, 2009 12:17pm
Quoting layton
Thanks for the info. I didn't see that before my trade was triggered last night.
It may still work out Layton don't loose hope...

the trade wasn't a pathetic one ofcaorse aside from that ppz at 130 everything was A+ abt the trade.

Don't let your doldrums dominate you...

best of luck

Regards,
Ghous.
I believe . . .
  • #24,837
  • Mar 25, 2009 12:20pm Mar 25, 2009 12:20pm
Quoting layton
Thanks for the info. I didn't see that before my trade was triggered last night.
Hi Layton,

Really like the different timezones and spread at the bottom right of your chart. Where can I get it?

Cheers
MM
  • #24,838
  • Mar 25, 2009 12:25pm Mar 25, 2009 12:25pm
Can I steal this thought?

Quoting ghous
Don't let your doldrums dominate you...
Ghous.
Huge! Absaflogginlutely HUGE.

MM Included, The Biggest Hurdle in your path is Accepting The Fact that, on occasion, You Will Be Wrong.
Perhaps Numerous times in a row.

If your research is deep enough... Your turn Will come.

This then suggests that MM could also play a part in whether you are still happy with FX in the years to come.
  • #24,839
  • Edited 12:28pm Mar 25, 2009 12:27pm | Edited 12:28pm
Quoting Greenhaze
Im not ghous but double day pinbar is a pinbar you get from summing last two closed bars on daily timeframe. DJ is american stock index Dow Jones.
Thank you Greenhaze, I was actually asking what indication did ghous see that made him expect a 2-day pin bar since the previous bar was nowhere close to a pin bar. As for DJ, you said "It would be first test of this area on daily timeframe but DJ is just under the resistance and the move could be capped", I did not understand what that means.

Thanks for your help;

Seb
  • #24,840
  • Mar 25, 2009 12:34pm Mar 25, 2009 12:34pm
Quoting MinceMeat
Hi Layton,

Really like the different timezones and spread at the bottom right of your chart. Where can I get it?

Cheers
MM

I believe that I downloaded from this site. I'll take a look.
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