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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

  • #28,481
  • Apr 28, 2009 8:02pm Apr 28, 2009 8:02pm
Quoting bundyraider
If so, then it is you grass hopper, that has become the master.
Yes, and still learning and improving.
Indicators show the past. Price Action "Indicates" the future.
  • #28,482
  • Apr 28, 2009 8:04pm Apr 28, 2009 8:04pm
For me, a good place to take profit on A/J daily. Rest at break even. Too easy! NEXT!!

( I can use Ticks too. )

.
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Bundy's status today: "Waiting..."
  • #28,483
  • Apr 28, 2009 8:05pm Apr 28, 2009 8:05pm
Thanks for the feedback Mike, I did not see that potential resistance at the 97.00 level. I like the idea of finding reasons to stay out of trades. And I think K.I.S.S makes a good point about the psychological effects of staying out of the trade. Yup it's heading the way we thought it would but that doesn't change the correctness of the call in staying out and looking for a higher probability setup.
Meum
  • #28,484
  • Apr 28, 2009 8:11pm Apr 28, 2009 8:11pm
Quoting jarroo
Yes, and still learning and improving.
The learning and improving never stops eh?
Bundy's status today: "Waiting..."
  • #28,485
  • Edited 8:24pm Apr 28, 2009 8:12pm | Edited 8:24pm
Hi,

Eur/jpy has broken pretty hard. I have 12880 ish as an area for my first TP. The more I read this thread the more it opens my eyes. great stuff.
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  • #28,486
  • Apr 28, 2009 8:23pm Apr 28, 2009 8:23pm
Quoting supremeChaos
............
Looking at H4 - Monthly charts, here are my thoughts:
(NOTE: again i'm using KVB Kunlun/Forexstar MT4 for this)
--i think a large part of the major move has past (starting @ around 864, April20 Daily BUOB/double bottom); possible latest chance to enter was from the huge H4 BUOB @ higher swing hi, late April23
--possible minor resistance @ 915 area; then resistance/ppz @ 920-930, & 950-960, then open skies until 990-1000 area

If i were to trade this, & given a chance, i'd wait for these areas &watch price action:
-PB/BUOB...
this was my previous post regarding Gold. jarroo & PipGator, seems u both are online, we tackled this last Friday/Saturday, remember?

price had a problem around the 920 area. jarroo's detailed analysis also made it's way on the chart, with price currently staying below $900
Updated chart (KVB Kunlun/ForexStar MT4) below..
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  • #28,487
  • Apr 28, 2009 8:28pm Apr 28, 2009 8:28pm
Wondering if anyone can help me get the periodcon indicator working, I put it on my chart but no settings I try do anything, any ideas guys?

Thanks
Mr Smith
  • #28,488
  • Apr 28, 2009 8:38pm Apr 28, 2009 8:38pm
Quoting supremeChaos
this was my previous post regarding Gold. jarroo & PipGator, seems u both are online, we tackled this last Friday/Saturday, remember?

price had a problem around the 920 area. jarroo's detailed analysis also made it's way on the chart, with price currently staying below $900
Updated chart (KVB Kunlun/ForexStar MT4) below..
I remember that discussion well. Price has pretty much reacted as you guys expected and that does not surprise me because of your detailed explanations. I think of it as one more learning experience that I hope will be another tool in the toolbox I use to reach my goals.
  • #28,489
  • Apr 28, 2009 8:42pm Apr 28, 2009 8:42pm
Watching pa in this area with interest
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  • #28,490
  • Apr 28, 2009 8:43pm Apr 28, 2009 8:43pm
Quoting Mr Smith
Wondering if anyone can help me get the periodcon indicator working, I put it on my chart but no settings I try do anything, any ideas guys?

Thanks
Mr Smith
Hai there

Have you try this link. Guided by Jarroo

http://www.forexfactory.com/showpost...ostcount=20178

http://www.forexfactory.com/showpost...ostcount=20179
  • #28,491
  • Apr 28, 2009 8:47pm Apr 28, 2009 8:47pm
Quoting gorubin
Thanks Jaroo. That's great Risk Management...Giving me some food for thought

I guess the other part of it is that I think you watch your trades very closely so you'll probably always have a chance to move to B/E very quickly.

Your quess is correct. But once a Target is hit, and the first half is banked, I'll set to breakeven or not ( again depending on the setup) and forget.
Indicators show the past. Price Action "Indicates" the future.
  • #28,492
  • Apr 28, 2009 8:50pm Apr 28, 2009 8:50pm
Quoting nazeri1111
Hai there

Have you try this link. Guided by Jarroo

http://www.forexfactory.com/showpost...ostcount=20178

http://www.forexfactory.com/showpost...ostcount=20179

Thanks so much nazeri, that did the trick
  • #28,493
  • Apr 28, 2009 8:50pm Apr 28, 2009 8:50pm
Quoting 4fun
Watching pa in this area with interest
Interesting 4fun.

Can I ask where your Daily/Weekly PPZ levels are in relation to your Hourly chart?
Indicators show the past. Price Action "Indicates" the future.
  • #28,494
  • Apr 28, 2009 8:57pm Apr 28, 2009 8:57pm
Hey Jarro just some weekly s/r @1.3300 , 1.3050 dont usually put too much daily s/r due to clutter but am aware of it that gold line on my chart is that color because its been golden for my account hehe!!
  • #28,495
  • Apr 28, 2009 9:21pm Apr 28, 2009 9:21pm
Quoting 4fun
Hey Jarro just some weekly s/r @1.3300 , 1.3050 dont usually put too much daily s/r due to clutter but am aware of it that gold line on my chart is that color because its been golden for my account hehe!!
Ok, nice. 131.00-130.50 looks strong.
Indicators show the past. Price Action "Indicates" the future.
  • #28,496
  • Apr 28, 2009 9:28pm Apr 28, 2009 9:28pm
I know it may seem awkard or funny but I trade 1hr from wk s/r with some obvious zones highlighted I am comfortable with that approach.Short @1.3156
  • #28,497
  • Edited 10:01pm Apr 28, 2009 9:34pm | Edited 10:01pm
All the EMA´s are inside the consolidation. Waiting for a good PA that breaks that box. A BUOB or BEOB would be great. today or tomorry, will see.....
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What does not kill me makes me stronger. Friedrich Nietzsche,
  • #28,498
  • Apr 28, 2009 10:07pm Apr 28, 2009 10:07pm
Quoting ikki
All the EMA´s are inside the consolidation. Waiting for a good PA that breaks that box. A BUOB or BEOB would be great. today or tomorry, will see.....
I might be a buyer @ 4710
  • #28,499
  • Apr 28, 2009 10:20pm Apr 28, 2009 10:20pm
Quoting 4fun
I know it may seem awkard or funny but I trade 1hr from wk s/r with some obvious zones highlighted I am comfortable with that approach.Short @1.3156
Sorry I had to be away from my computer.

If it works for you sir, more power to you. As long as you know where the higher time frame S/R levels are located, that's all I was asking.

It is all about the location of Price.

Good for you, 4fun.
Indicators show the past. Price Action "Indicates" the future.
  • #28,500
  • Apr 28, 2009 10:22pm Apr 28, 2009 10:22pm
Daily pin on E/J broke hard.

50% retrace of the last major swing
Defined swing low
Nice amount of space to move
Long nose off of round number 124.00 ppz

I took 1/3 off at +50 pips and stops moved up to break even. I'm in a free trade and looking for 128.50 as the next target and maybe a retest of the 130.00 ppz.
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