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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

  • #29,981
  • May 14, 2009 1:31am May 14, 2009 1:31am
adam777,
let's see what aud wants to do.



rustyjeff,
Thanks, that was pretty fast.
very, very interesting answers.
I hope your answering of the questionnaire will really get the ball rolling. thanks to all who'll subsequently answer these same Q's.



EDIT:
jack.canadia,
just saw your post. thanks too.

Quote
Not learning to trade off the 4-hour and daily charts first before you decide to look at a 5 minute and think a doji star is a winner.
  • #29,982
  • May 14, 2009 1:39am May 14, 2009 1:39am
and the winner of the 1st post of the 2000th page is...............

edit: oops! thought i cld steal that from rustyjeff.....lol
Simplicity is the key to success
  • #29,983
  • May 14, 2009 1:46am May 14, 2009 1:46am
Quoting squeezy
and the winner of the 1st post of the 2000th page is...............

edit: oops! thought i cld steal that from rustyjeff.....lol
I think I did it... Now to add a sell stop order on that 7480 area of AUDUSD...

Edit: Nooo!! I failed to post #1 in page 2000
  • #29,984
  • May 14, 2009 1:52am May 14, 2009 1:52am
just as heads up....
4h IB on eu/us. previous bar a pinish bar. could be a nice break and retest setup??...or maybe thoses bearish daily bars will win out.the double top and divergence are as yet potential imo. if price goes through the roof today they wont be valid.?? something to think about
the trade is on demo.
jon
EDIT: darn!!! not 2000 yet!!?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 125 KB
Click to Enlarge Name: 4 hour.jpg Size: 127 KB
PATIENCE... DISCIPLINE
  • #29,985
  • May 14, 2009 1:59am May 14, 2009 1:59am
g_j_hook@yah,
what's your target for that trade? that looks like a PB followed by a doji a on your chart.

1st post on page 2000 it is. so, the default really is 15 posts per page. that was the giveaway i mentioned earlier.
Steve/mrsingha
  • #29,986
  • May 14, 2009 2:00am May 14, 2009 2:00am
2000 UP!!!!!!!
Congratulations James. You must be very proud.
A big Thank You to you and all the other main contributors ( you know who you are) who have helped make this thread what it is today.


Steve.


Did I win?
Edit: Doh!
"The more I practice, the luckier I get." (Gary Player)
  • #29,987
  • May 14, 2009 2:05am May 14, 2009 2:05am
Yeahhh...

thanks to jim & all who have made this thread what it is...




i'm going to sleep now..
cheers..
Jeff
  • #29,988
  • Edited 2:32am May 14, 2009 2:10am | Edited 2:32am
Quoting supremeChaos
g_j_hook@yah,
what's your target for that trade? that looks like a PB followed by a doji a on your chart.
i am lookin at those last bar highs with problem area at 135.50. This is one i would let run as long as poss. in the hope of the continuing uptrend if price does break those highs. (137.20ish )next stop 139.00???
cheers
jon
EDIT: hey supreme if you stalk price like you got that 2000 post you must be rich by now!!!
PATIENCE... DISCIPLINE
  • #29,989
  • May 14, 2009 2:13am May 14, 2009 2:13am
Thanks Jim et al.
This is where i was fortunate enough to start my learning curve, since then i have been across a few threads to broaden my knowledge, but none compare to the friendly and helpful nature of all who frequent this one. That is a tribute to the way you have engineered it Jim. You should be very proud.

The exponential growth of this thread has been amazing
1st 1000 pages = 3ys 5mths
2nd 1000 pages = 6mths!!!!

3000 by next week
  • #29,990
  • May 14, 2009 2:22am May 14, 2009 2:22am
Quoting simoncs
Thanks Jim et al.
This is where i was fortunate enough to start my learning curve, since then i have been across a few threads to broaden my knowledge, but none compare to the friendly and helpful nature of all who frequent this one. That is a tribute to the way you have engineered it Jim. You should be very proud.

The exponential growth of this thread has been amazing
1st 1000 pages = 3ys 5mths
2nd 1000 pages = 6mths!!!!

3000 by next week
Don't say that; i'm still working my way thru the pages either side of 1000!!
I'll never get it done if this thread speeds up much more.

Oops: happy 2000 pages!!!
  • #29,991
  • May 14, 2009 2:27am May 14, 2009 2:27am
Quoting fxprocessor
I love the location (check out the nice PPZ flips on the weekly chart) but the sideways action over the last three days is making me cautious.

Also the big bullish bar on the weekly (last weeks bar) puts me off a bit.
I have a sell order placed just under 7500. If it breaks today (London/NY sessions) I will take it. If it stays in the 7500 to 7700 range for another day I will pull the order.

Edit:

It broke as I was typing :-)
  • #29,992
  • May 14, 2009 2:27am May 14, 2009 2:27am
[quote=mrsingha;2733244]2000 UP!!!!!!!
Congratulations James. You must be very proud.
A big Thank You to you and all the other main contributors ( you know who you are) who have helped make this thread what it is today.


Steve.[quote]

... now all those newbies (more so than me) have to read 2000 pages just to catch up!! still it will do them a world of good im sure!!

just to keep things in perspective for the newbies who might feel daunted by this task....
when i first started to study trading i had no access to the net and had very little time to hang out in internet cafes.SO....i used to print out 5 YEARS of prices for a stock..open / h/ l /c plus volume.
i would then DRAW BY HAND my charts very precisley with coloured pens, and paper trade the daily bars i had drawn. i would hand draw the daily candle then calculate (without calc) 2 SMAs a macd WITH histogram and stochastics along with volume!!
after paper trading like this with a few different companies(i wasnt aware of fx at this time) reading the whole thread didnt seem so bad!!
so have faith all its well worth the read!!just ask jduester.
cheers and thanx to everyone in this thread. after tying to post on some other threads you see just how rare this one is!!!
jon
PATIENCE... DISCIPLINE
  • #29,993
  • May 14, 2009 2:31am May 14, 2009 2:31am
Jim, congrats with the 2K-page thread. But more importantly, THANK YOU (and all other "regulars" and "residents" ) for helping so many traders out and putting them (us) on the right track! Keep on keeping on!
One Chart is Worth Ten Thousand Words.
  • #29,994
  • Edited 4:16pm May 14, 2009 2:33am | Edited 4:16pm
This is how we roll.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #29,995
  • May 14, 2009 2:33am May 14, 2009 2:33am
Quoting supremeChaos
scott087,
i posted this late April. u must've overlooked it. or have u seen it already?
1 video regarding Mike's 2-bar stop, in the PF's guest area.
Thanks alot...I didn't even see it even though I read through all the posts. I will def. check it out. Thanks for the heads up.

Scott
  • #29,996
  • May 14, 2009 2:34am May 14, 2009 2:34am
Quoting fxprocessor
I have a sell order placed just under 7500. If it breaks today (London/NY sessions) I will take it. If it stays in the 7500 to 7700 range for another day I will pull the order.

Edit:

It broke as I was typing :-)

Now go the hard run down.

"A great setup is a high momentum setup"

Gov
  • #29,997
  • May 14, 2009 2:44am May 14, 2009 2:44am
Quote
i am lookin at those last bar highs with problem area at 135.50. This is one i would let run as long as poss. in the hope of the continuing uptrend if price does break those highs. (137.20ish )next stop 139.00???
cheers
jon
EDIT: hey supreme if you stalk price like you got that 2000 post you must be rich by now!!!
g_j_hook@yah,
the only 1 that i ever got correct.
1.3520-50 really seem to be the initial problem area for eur.

it's interesting aud broke down without eur. eur in fact went up when aud was going down. it seems aud is weaker than eur as i suspected earlier. is aud the leader now?
  • #29,998
  • May 14, 2009 2:49am May 14, 2009 2:49am
Quote
The exponential growth of this thread has been amazing
1st 1000 pages = 3ys 5mths
2nd 1000 pages = 6mths!!!!

simoncs,
Thanks, interesting trivia.
  • #29,999
  • May 14, 2009 2:51am May 14, 2009 2:51am
Quoting Gov
Now go the hard run down.

"A great setup is a high momentum setup"

Gov
.7500 could provide some strong initial support so my stop is above the BEOB high away from any small bounces off the round number. I sometimes play a smaller stop but my stop on this has been placed above the reason I entered the trade - the weekly PPZ.

http://www.forexfactory.com/showpost...ostcount=29919

cheers

fxp
  • #30,000
  • May 14, 2009 2:54am May 14, 2009 2:54am
Quoting supremeChaos
g_j_hook@yah,
the only 1 that i ever got correct.
1.3520-50 really seem to be the initial problem area for eur.

it's interesting aud broke down without eur. eur in fact went up when aud was going down. it seems aud is weaker than eur as i suspected earlier. is aud the leader now?
yeah, i was tempted to put an order in above 135 but there is a lot of traffic up there and that first problem area is a little too close and a little too strong looking.charts seem a bit undecided today...the eu/yen looks quite bullish also.....and the eu/aud... lets see what happens
cheers
jon
PATIENCE... DISCIPLINE
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