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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

  • #31,061
  • May 26, 2009 6:23am May 26, 2009 6:23am
Quoting bundyraider
I agree.

I don't get the 138.00 idea either. Maybe Daily 38.2% , But nothing else.
Ob derrrrr! ....I see it. Didn't go down to intra-day. lol

I'm not going to trade it there though. I'd rather something I can see on the higher time-frames. It just doesn't sit right for me to take that level.
Bundy's status today: "Waiting..."
  • #31,062
  • May 26, 2009 6:25am May 26, 2009 6:25am
Quoting g_j_hook@yah
can somebody explain the 138 level ??
i dont see the fascination?? i personally think that if price hit 138 it will hit 137-50 also.?
Its just a round number, no one is saying it will stop exactly at that level on the pip and reverse, no one can predict to the exact pip so we use round numbers as a ball park area.
Economists have forecast 9 out of the last 5 recessions
  • #31,063
  • May 26, 2009 6:25am May 26, 2009 6:25am
Quoting supremeChaos

jarroo,
seems bundy's observation explains it.

bundyraider,
thanks for sharing your observation.
Yeah I saw that. It flew over my head. lol

May have a retrace in the works.
Indicators show the past. Price Action "Indicates" the future.
  • #31,064
  • May 26, 2009 6:29am May 26, 2009 6:29am
jarroo,
what's your take on this:
some traders in FF avoid posting their trade entries/exits as they are wary about the trade failing due to "trade manipulation/copying or whatever" by those who get to see the post

U, on the other hand, seem to be cool with it (not to mention successful like several here). Why?

As always, i'm inquisitive. Thanks!
  • #31,065
  • May 26, 2009 6:35am May 26, 2009 6:35am
Quoting jarroo
Yeah I saw that. It flew over my head. lol
I was going to reply with "Jaroo knows better than to listen to the other voices everyone else tries to create in his head."

Bundy's status today: "Waiting..."
  • #31,066
  • May 26, 2009 6:38am May 26, 2009 6:38am
Quoting supremeChaos
jarroo,
what's your take on this:
some traders in FF avoid posting their trade entries/exits as they are wary about the trade failing due to "trade manipulation/copying or whatever" by those who get to see the post

U, on the other hand, seem to be cool with it (not to mention successful like several here). Why?

As always, i'm inquisitive. Thanks!
The market is to large for this to happen, "trade manipulation/ copying . ."

I like showing real time trades sometimes to show others that this stuff works. And that there is many ways to skin a cat when a quality setup is presented. The Weekly BEOB Aud/Cad may not be the best setup, but a good one to learn from.


Also, to draw out others for their input and comments, which is always helpful.
Indicators show the past. Price Action "Indicates" the future.
  • #31,067
  • May 26, 2009 6:39am May 26, 2009 6:39am
Quote
..UCad is heading strongly up, and A/U is heading strong down. Waiting for U/C to show it's hand on retrace.

bundyraider,
just checked the a/$ & $/cad charts. seems cad on H4 is forming a small PB (ahving problems @ 1.1350), while a/$ on H4 is very bearish too. looks like audcad downmove will push through.
Let's see....
  • #31,068
  • May 26, 2009 6:42am May 26, 2009 6:42am
Quoting bundyraider
I was going to reply with "Jaroo knows better than to listen to the other voices everyone else tries to create in his head."

lol. This true.

But your voice is one I listen to . . . when I understand it. lol
(which is most of the time. )
Indicators show the past. Price Action "Indicates" the future.
  • #31,069
  • May 26, 2009 6:47am May 26, 2009 6:47am
Quote
I was going to reply with "Jaroo knows better than to listen to the other voices everyone else tries to create in his head."

Quote
The market is to large for this to happen, "trade manipulation/ copying . ."
I like showing real time trades sometimes to show others that this stuff works. And that there is many ways to skin a cat when a quality setup is presented. The Weekly BEOB Aud/Cad may not be the best setup, but a good one to learn from.
Also, to draw out others for their input and comments, which is always helpful.


jarroo, bundyraider,
appreciate it.
you are two of the best (of those awake & online; the others are asleep or lurking )
  • #31,070
  • May 26, 2009 6:48am May 26, 2009 6:48am
Quoting jarroo
You mean the 8750?
indeed...
All that matters is winning the week
  • #31,071
  • May 26, 2009 6:50am May 26, 2009 6:50am
KK007,
Quote
Perhaps, .38 Fibo

bundy
Quote
I agree.I don't get the 138.00 idea either. Maybe Daily 38.2% , But nothing else.
ahha thanx.
Quote
in my case, 1.38 & 1.3850 were possible supports(based on my doodling). unfortunately, i was not in the trade (again? ). fortunately, my analysis was somehow correct.
that is where i was looking also but still i get 138.5 , this pair loves the .5s
cheers
jon
PATIENCE... DISCIPLINE
  • #31,072
  • May 26, 2009 6:51am May 26, 2009 6:51am
Quoting supremeChaos
jarroo,
what's your take on this:
some traders in FF avoid posting their trade entries/exits as they are wary about the trade failing due to "trade manipulation/copying or whatever" by those who get to see the post

U, on the other hand, seem to be cool with it (not to mention successful like several here). Why?

As always, i'm inquisitive. Thanks!
Some people are paranoid about brokers. lol

It's usually themselves getting in the way.

For the record, I can't handle posting anything but the best of my trades for a different reason. ...It changes how I approach the published trade. Doesn't work for me. Something to do with the need to be "right" is what I deduced.

Jaroo on the other hand does a great job of it.
Bundy's status today: "Waiting..."
  • #31,073
  • May 26, 2009 6:56am May 26, 2009 6:56am
Quoting markmm
Its just a round number, no one is saying it will stop exactly at that level on the pip and reverse, no one can predict to the exact pip so we use round numbers as a ball park area.
hi mark, "just a round number" to me is just the same as a guess!! should nt there be more of a reason than that!!??even round numbers will be ignored in favour of horizontal PPZs.Its just that in case ,to me,the round number seems to be hanging in mid air and holds no real significance.?
cheers
PATIENCE... DISCIPLINE
  • #31,074
  • May 26, 2009 6:59am May 26, 2009 6:59am
Quote
Some people are paranoid about brokers. lol
It's usually themselves getting in the way.
For the record, I can't handle posting anything but the best of my trades for a different reason. ...It changes how I approach the published trade. Doesn't work for me. Something to do with the need to be "right" is what I deduced.
Jaroo on the other hand does a great job of it.

very understandable...
it seems another similarity with my personality...... perfectionist musician?
  • #31,075
  • Edited 7:18am May 26, 2009 7:00am | Edited 7:18am
Quoting bundyraider
Some people are paranoid about brokers. lol

It's usually themselves getting in the way.

For the record, I can't handle posting anything but the best of my trades for a different reason. ...It changes how I approach the published trade. Doesn't work for me. Something to do with the need to be "right" is what I deduced.

Jaroo on the other hand does a great job of it.

Thanks bundy. You have had an instructive hand in getting me here.
There are many posts (way back when) where you have guided me in the right direction. And you still do. lol

Thanks brother.
Indicators show the past. Price Action "Indicates" the future.
  • #31,076
  • May 26, 2009 7:11am May 26, 2009 7:11am
Quoting supremeChaos
very understandable...
it seems another similarity with my personality...... perfectionist musician?
LOL. Very much so. Something that has to be smothered when it comes to trading though.
Bundy's status today: "Waiting..."
  • #31,077
  • May 26, 2009 7:11am May 26, 2009 7:11am
Quoting adam777
I need to print this out ... I keep referring to it as it usually answers all my questions.
I should show a picture of my computer. There it is in large bold print.
Indicators show the past. Price Action "Indicates" the future.
  • #31,078
  • May 26, 2009 7:11am May 26, 2009 7:11am
Quoting jarroo
I should show a picture of my computer. There it is in large bold print.
lol
WARNING: Don't follow me as I'm just learning
  • #31,079
  • May 26, 2009 7:19am May 26, 2009 7:19am
Quote
I should show a picture of my computer. There it is in large bold print.
jarroo,
now that u've mentioned it, Please do post a pic of your PC/workstation. Pretty please...
& bundyraider too

Special request
  • #31,080
  • May 26, 2009 7:25am May 26, 2009 7:25am
What do you folks think about this 4hr setup on oil?
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