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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

  • #31,361
  • May 28, 2009 5:00am May 28, 2009 5:00am
Quote
I am at fault supremechaos, i have alot going on and am up and down from my computer and in and out of the forum these days. as a result i tend to miss pages from the forum and pick up the back end of discussion's. i will read back before i ask questions in the future. This way i know who to address if i have any questions.

No offence taken, lesson learned!
thanks

zimdonks/richard,
ok, so all is cool.

i forgot to mention that, for better results, & to avoid your Q's being overlooked, better to PM the respective person involved.

i definitely understand your situation.. i, too, sometimes miss out on a few pages. i still have several to get back & re-read. but i try to always catch up with the latest. yesterday/earlier, i only have about 3 hrs of sleep (something not abnoramal in my case, due to trading, studying, & even reading FF), so i have some issues too, just like many others.

Hope all is well
  • #31,362
  • May 28, 2009 5:05am May 28, 2009 5:05am
Quote
.........and then hit my SL by 2 pips and of course immediatly went the other way!!lol.....

g_j_hook@yah,
were u referring to my trade/s?

i had 1 like that yesterday, with a tight stop. i had several of those in the past years. so, we're on the same boat, i guess.



Interceptor,
what was the entry & exit?
next time, try not to pick up some negative vibes around the internet/forums.
Like i sometimes say, insulate (yourself) but never isolate (yourself) .
  • #31,363
  • May 28, 2009 5:12am May 28, 2009 5:12am
Quote
supremeChaos;]g_j_hook@yah,
were u referring to my trade/s?


i had 1 like that yesterday, with a tight stop. i had several of those in the past years. so, we're on the same boat, i guess.
hehe. i would like to think im finally getting over it? for me its a matter of risk exceptance and having confidence in the setup.i.e. only taking the good ones!! the boat still rocks alot though !!lol



.
Quote
Like i sometimes say, insulate (yourself) but never isolate (yourself) .
i like this quote.
jon
PATIENCE... DISCIPLINE
  • #31,364
  • May 28, 2009 5:36am May 28, 2009 5:36am
Quoting supremeChaos
g_j_hook@yah,
were u referring to my trade/s?

i had 1 like that yesterday, with a tight stop. i had several of those in the past years. so, we're on the same boat, i guess.

sChaos, you have many posts which can be very (how do you say?) . . animated . . at times.
No disrespect, friend, I don't see many charts from you. This is a Chart Thread after all. Maybe you can show that trade you had yesterday. Was it Price Action related?

Just curious,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #31,365
  • May 28, 2009 5:51am May 28, 2009 5:51am
hello jaroo, did you see my chart and post? what do u think about d trade.
  • #31,366
  • May 28, 2009 5:58am May 28, 2009 5:58am
Quoting ephisi
hello jaroo, did you see my chart and post? what do u think about d trade.
Yeah I saw that ephisi. Nice triple top breakout trade and/or Two Bar High.

I wasn't sure on how it related to auslanco method.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #31,367
  • May 28, 2009 6:05am May 28, 2009 6:05am
Here is one of the current trades I will be taking...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 39 KB
  • #31,368
  • May 28, 2009 6:12am May 28, 2009 6:12am
Quoting Shermenator
Here is one of the current trades I will be taking...
Looks good Shermen. Let's see how she breaks.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #31,369
  • May 28, 2009 6:26am May 28, 2009 6:26am
Quoting jarroo
Looks good Shermen. Let's see how she breaks.
Why is it a she haha?
  • #31,370
  • May 28, 2009 6:29am May 28, 2009 6:29am
Quoting Shermenator
Why is it a she haha?
They're all "she". lol

Because thay can be very sweet and satisfying or painful and expensive. lol
Indicators show the past. Price Action "Indicates" the future.
  • #31,371
  • May 28, 2009 6:31am May 28, 2009 6:31am
Quoting Shermenator
Why is it a she haha?
Probably because "she" is always a tough one to figure. "She" is mysterious. "She" needs to be studied to figure out her ways. "She" is gonna do what she is gonna do.....

K.I.S.S.
  • #31,372
  • May 28, 2009 6:32am May 28, 2009 6:32am
Quoting KissFan
Probably because "she" is always a tough one to figure. "She" is mysterious. "She" needs to be studied to figure out her ways. "She" is gonna do what she is gonna do.....

K.I.S.S.
I like that one better. lol.
Indicators show the past. Price Action "Indicates" the future.
  • #31,373
  • May 28, 2009 6:32am May 28, 2009 6:32am
Quoting jarroo
They're all "she". lol

Because thay can be very sweet and satisfying or painful and expensive. lol
....or both.

K.I.S.S.
  • #31,374
  • May 28, 2009 6:35am May 28, 2009 6:35am
Here is the other pair I am looking at ....I will only take one though since I dont like buying dollars all over the market and taking to much hgih risk . Or I can divide the risk into more then one trade but its just not my typical favorite thing to do . Take a look at how the last wave up hit its fibb targets and if we measure the entire move down from yesterday high to the low we are at the 61.8 area and have nice resistance to the left . We should at least get a got shot back down to the 7810 area.

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 42 KB
  • #31,375
  • May 28, 2009 6:38am May 28, 2009 6:38am
I completely agree with the gender . If the trade does not work out just get another one haha.
  • #31,376
  • May 28, 2009 6:38am May 28, 2009 6:38am
Quoting KissFan
Probably because "she" is always a tough one to figure. "She" is mysterious. "She" needs to be studied to figure out her ways. "She" is gonna do what she is gonna do.....

K.I.S.S.

And then JUST when you "think" you have HER figured out, SHE switches around on ya....LOL
Ghost Rider - WWTBMD?
  • #31,377
  • May 28, 2009 6:40am May 28, 2009 6:40am
Quoting albchr
And then JUST when you "think" you have HER figured out, SHE switches around on ya....LOL
LOL!!

K.I.S.S
  • #31,378
  • May 28, 2009 6:53am May 28, 2009 6:53am
Quoting jarroo
Yeah I saw that ephisi. Nice triple top breakout trade and/or Two Bar High.

I wasn't sure on how it related to auslanco method.
Yeah thats the only trade ill be taking for now, till i get a new signal. I trade just GJ.its enuf headache for me.


Concerning auslanco, i had a long signal at 146.44 closed it at 149.44. should have stayed in though but a profit is a profit. The trade was based on 4hr gann turning bullish, breaking above 4hr 50ema. i like to stay in a trade until i get a valid reverse signal.

I was awaiting the daily candle before the breakout would form an evening star but it didnt as i pointed out. 4hr gann was about to flip bearish but it didnt. so there was no short signal rather abounce of 4hr gann and some confluences.

The J16 setup was a confirmation for me to go long. So basically what i was saying is i now get a heads up using J16 and confirmation using Auslancos and viceversa.

See attached chart for graphic explanation. im not really good at detailing charts, but im sure u can get my points from the chart. Thanks for ur assistance
Attached Image (click to enlarge)
Click to Enlarge Name: aus.gif Size: 34 KB
  • #31,379
  • May 28, 2009 6:54am May 28, 2009 6:54am
Alright I am short in my eurusd...

seeking 3850 ...I will take 50 percent of profits at this point and use the profits as a stop loss..

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 39 KB
  • #31,380
  • May 28, 2009 6:59am May 28, 2009 6:59am
Alright I have taken 50 percent out of the market ...took 12 pips with a 30 pip stop ...so now I have a hard stop of 24 pip stop from my entry...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 39 KB
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