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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

  • #27,521
  • Apr 20, 2009 4:32pm Apr 20, 2009 4:32pm
Chart!
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  • #27,522
  • Apr 20, 2009 4:32pm Apr 20, 2009 4:32pm
off course not and below is just an artist interpretation, but it sure would be very nice....
... plus there is 300ps ppzone ahead (138-141). It will be tough, but who knows, who knows...
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  • #27,523
  • Apr 20, 2009 4:35pm Apr 20, 2009 4:35pm
Quoting Rainmaker
Looks like a pin by proxy to me. But will do the job..

RM
Nice RM. I 'll have to check them out.
Indicators show the past. Price Action "Indicates" the future.
  • #27,524
  • Apr 20, 2009 4:38pm Apr 20, 2009 4:38pm
Quoting mseaz9
Ne one on USD/CHF PIN i have a Sell pending at 1615 ...N e guidance will be appreciated?
Dear mseaz,
we should trust our more experienced friends, If they say it is not worth doing
we should deeply consider their advice,

Peter
Jesus Christ is my only Lord !
  • #27,525
  • Apr 20, 2009 4:43pm Apr 20, 2009 4:43pm
Quoting Denarii
How do you guys set it to display periods of 2 days or 3 days? I saw one that was 8 hours as well. That is MT4 you are using right?

This should do it: (read post 20179 too for the instructions)

http://www.forexfactory.com/showpost...ostcount=20178
  • #27,526
  • Apr 20, 2009 4:47pm Apr 20, 2009 4:47pm
Quoting hipcio
Dear mseaz,
we should trust our more experienced friends, If they say it is not worth doing
we should deeply consider their advice,

Peter

For sure Peter. I am new here as well. Yet to find a perfect setup ... Missed yesterday move of GBP/usD....
  • #27,527
  • Apr 20, 2009 4:51pm Apr 20, 2009 4:51pm
Quoting mseaz9
For sure Peter. I am new here as well. Yet to find a perfect setup ... Missed yesterday move of GBP/usD....

me too
but there is another trade around the corner as usually,

Peter
Jesus Christ is my only Lord !
  • #27,528
  • Apr 20, 2009 5:49pm Apr 20, 2009 5:49pm
how about this one? location: swing-low, ascending tl, off of round# weekly ppz's, & looks like apple wanting to be picked. pa: good looking pb, long-nose, closed higher than open. space: next resistance on daily tf ~100-200 pips away. gbp did take a beating across the board today & uk economic data coming out on wed is not going to be good, but maybe good enough to bully the looney around?
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  • #27,529
  • Apr 20, 2009 6:19pm Apr 20, 2009 6:19pm
Quoting dkmb92
how about this one? location: swing-low, ascending tl, off of round# weekly ppz's, & looks like apple wanting to be picked. pa: good looking pb, long-nose, closed higher than open. space: next resistance on daily tf ~100-200 pips away. gbp did take a beating across the board today & uk economic data coming out on wed is not going to be good, but maybe good enough to bully the looney around?
Hey dk

I never try to tell people straight out what they can or can't trade, simply because a lot of that is going to be up to the type of trader. But as long as you recognize the fact of how much this pair is consolidating, and ranging which means that stops should get moved asap, otherwise you can get chopped up on pairs moving like this

Mike

edit* these are situations I like to avoid though personally as a more conservative trader
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  • #27,530
  • Apr 20, 2009 6:31pm Apr 20, 2009 6:31pm
Quoting mbqb11
Hey dk. . .
Were you awake for this Mike ?

I was asleep at the time
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  • #27,531
  • Apr 20, 2009 6:31pm Apr 20, 2009 6:31pm
Quoting dkmb92
how about this one? location: swing-low, ascending tl, off of round# weekly ppz's, & looks like apple wanting to be picked. pa: good looking pb, long-nose, closed higher than open. space: next resistance on daily tf ~100-200 pips away. gbp did take a beating across the board today & uk economic data coming out on wed is not going to be good, but maybe good enough to bully the looney around?
I made a deduction to check this pair out because of the moves on Cad and Gbp based pairs the past day. I think you've done ok identifying a trade possibility,but I decided to pass for the same reasons Mike has mentioned. It's just one of situations where I know I'm risking a good straight run of winners if I took it. ...'A trade that's screwing with the gene pool' I suppose is a good way to put it! ...So not good enough for me either.
Bundy's status today: "Waiting..."
  • #27,532
  • Apr 20, 2009 6:35pm Apr 20, 2009 6:35pm
Quoting hipcio
Yes, and usually I watch two platforms one clear as You suggest and the other with lines, becuse I like the knife,...
Hi ;-)
Where can I find some info about knife system ? I've heard there is only PF on it ? I would be grateful for an answer. Thx in advance.
Dziekuje bardzo
  • #27,533
  • Apr 20, 2009 6:39pm Apr 20, 2009 6:39pm
Quoting pakiestra
Hi ;-)
Where can I find some info about knife system ? I've heard there is only PF on it ? I would be grateful for an answer. Thx in advance.
Dziekuje bardzo
Hi Pakiestra,

It's based on the Vegas Tunnel Trading methods if you do a search for that.
I wouldn't want to devulge the Knife's additions, not my place, but if you check out the Vegas one you will be most of the way there, without the PF.

,Bundy
Bundy's status today: "Waiting..."
  • #27,534
  • Apr 20, 2009 6:40pm Apr 20, 2009 6:40pm
Quoting bakko85
Chart!
As I put myself on a low trade regime, this chart for sure is an attractive one, I agree on the location and space is B+.
I'm still thinking take it or not, shape is great indeed, location B+ ???
Ok let's do it.
I will nimble 1% risk (split the lots into half) one entered on the break of the pin and one on the retracement 38.2 of the bar with a strict MM and booking profits early, see what happens.
  • #27,535
  • Apr 20, 2009 6:42pm Apr 20, 2009 6:42pm
Quoting raczekfx
I doubt we'll see uj past that level, but who knows.
If they prove obama wasn't born in US, things might get really, really ugly....
I wouldn't be surprised to see Yellowstone super volcano eruption....
Gotta wait for the magnetic pole shift and the return of the shape shifting lizards from Planet X in 2012, then uj below 80

Evidence seems to show Obama does not Constitutionally qualify to be President. Problem is that the Constitution is no longer the law of the land so that is the wrong tree to be barking up.
  • #27,536
  • Apr 20, 2009 6:45pm Apr 20, 2009 6:45pm
Quoting bundyraider
Hi Pakiestra,

It's based on the Vegas Tunnel Trading methods if you do a search for that.
I wouldn't want to devulge the Knife's additions, not my place, but if you check out the Vegas one you will be most of the way there, without the PF.

,Bundy
... I will do a search and see what's that stuff is about.
  • #27,537
  • Apr 20, 2009 6:46pm Apr 20, 2009 6:46pm
What do you guys think about the PB on EUR/JPY on 4H, nzd/usd 4h and USD/chf 4h and daily?
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  • #27,538
  • Apr 20, 2009 6:49pm Apr 20, 2009 6:49pm
Quoting pakiestra
... I will do a search and see what's that stuff is about.
Was about to edit my post, but now that you've read it... There are .PDF documents attatched to the original threads somewhere. They'll be the right threads to check out.

Look up Dialist. He started the original threads I think. Pretty sure. ...And it was he who came up with the knife system additions anyway.
Bundy's status today: "Waiting..."
  • #27,539
  • Apr 20, 2009 6:50pm Apr 20, 2009 6:50pm
Quoting mbqb11
these are situations I like to avoid though personally as a more conservative trader
Quoting bundyraider
...So not good enough for me either.
congestion keeps this one from being an a+ trade & i only want to take those. even if it does work it still wasnt an a+ trade & i dont want to risk my money on anything that isnt. i have personally seen that there are plenty of them to go around and worth waiting for. if the both of you are passing on this, then so am i. thx guys.
  • #27,540
  • Apr 20, 2009 7:05pm Apr 20, 2009 7:05pm
Quoting dkmb92
congestion keeps this one from being an a+ trade & i only want to take those. even if it does work it still wasnt an a+ trade & i dont want to risk my money on anything that isnt. i have personally seen that there are plenty of them to go around and worth waiting for. if the both of you are passing on this, then so am i. thx guys.
Nothing wrong with marking out where you think it may go, where it'll pause along the way etc. You'll learn from observing still. I've marked out 1.8180

...but at the same time, when I went down to the lower time frames to check things out there, I just kept getting 8015, 8025, 8050, 8080 and so on. All these little PPZ flips that made it look too rough.
Bundy's status today: "Waiting..."
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