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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

  • #31,601
  • May 30, 2009 2:34am May 30, 2009 2:34am
Thanks Jaroo
WARNING: Don't follow me as I'm just learning
  • #31,602
  • May 30, 2009 2:52am May 30, 2009 2:52am
Quoting NoBread
As far as i am concerned, that trade played out just like it should. I did not take it because it had no room to run.
Nice name and Nice stuff Nobread.

The location was as good as it can get, shape was great too. Space was the real worry and you seem to have recognized that.

You know in a flash you're doing well when you ignore a PA bar shouting out at you from one of the three quadrants...

1) Shape
2) Space
3) Location.

The smart trader won't ignore any of these no matter how good the setup looks in any 1 or for that matter even 2 given departments.

It was tradable though provided that one understood that this wasn't probably headed to the core of the earth, and just like Nobread mentioned it gave the few safe pips it should have been expected to give.

Well done mate!
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I believe . . .
  • #31,603
  • May 30, 2009 3:06am May 30, 2009 3:06am
hey ghous,iv been waiting for one of your charts.lol
keep seeing posts about this trade being spoken about as though its finished!! last weeks bar has hardly retraced let alone broke the top !
it may not work out but its not time to give up yet imo. i got stopped out the other day but i concider it my stupidity not good trading! if it sinks next week ill be gutted!!
just mo hehe
jon
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PATIENCE... DISCIPLINE
  • #31,604
  • May 30, 2009 3:12am May 30, 2009 3:12am
Quoting g_j_hook@yah
hey ghous,iv been waiting for one of your charts.lol
keep seeing posts about this trade being spoken about as though its finished!! last weeks bar has hardly retraced let alone broke the top !
it may not work out but its not time to give up yet imo. i got stopped out the other day but i concider it my stupidity not good trading! if it sinks next week ill be gutted!!
just mo hehe
jon
Won't you be kicking your own A$$ Jon if it fell Monday open and treated 8700 like an ant via a curious toddler.?

No seriously I've been there and DAMN! that's a bad place to be at.

This (the Aud/Cad weekly BEOB) is far from a failed setup...

I am wondering why you got stopped out John? following it on a lower tf?
I believe . . .
  • #31,605
  • May 30, 2009 3:24am May 30, 2009 3:24am
No one wants to discuss this pairs i posted , i thought it could be good opportunities we can catch together



anyway
The million dollar man Alkhatarey
  • #31,606
  • May 30, 2009 3:36am May 30, 2009 3:36am
Quote
ghous;]Won't you be kicking your own A$$ Jon if it fell Monday open and treated 8700 like an ant via a curious toddler.?

Quote
I am wondering why you got stopped out John? following it on a lower tf?
errrmmmmm....no??
i did expect a stronger break.... is the only excuse i can give myself
in fact ghous this is one of most recent sillynessess (bet you cant say that after a few beers!!)which has made me reavaluate my approach to trading.
hence the q. about stops etc. i dont know why i even ask, im quite aware were my stops SHOULD be.i just like imprinting those big numbers in my thick scull!hehe i suppose getting lucky a few times kept me pecking away?!? hell if i cant except the risk i should be doing something else!
funny thing is, give me the u/c chart on 15mins and i would have had no probs in the trade management!
i do feel im going forward though and concidering the stats and the fact that my fist acc. is still intact(intact not healthy) after 4-5 months gives me some confidence.couple that with the help and support from the good people on this thread i cant fail to be rich sooner or later! hehehe
(not really interested in being rich.interested in the freedom though!!)

sos....rant over
jon
PATIENCE... DISCIPLINE
  • #31,607
  • May 30, 2009 3:48am May 30, 2009 3:48am
Quote
No one wants to discuss this pairs i posted , i thought it could be good opportunities we can catch together


alkhatarey,
what's the matter? no need to sour grape my friend.

Profitable possible trades or not, it doesn't matter:
DO remember this is a public forum. U cannot force anyone to address all your posts. PLUS, it's the weekend, so most are probably relaxing & hence not inclined to post much. It's also possible your posts have been overlooked as many people sometimes posts almost at the same time.

& it happens to everyone. Be open-minded enough to realize that.

Maybe, if u asks/re-inquire kindly, instead of sour graping, people might be inclined to indulge you.

Check back tomorrow or monday onwards, maybe u will get replies.

Cheers
  • #31,608
  • May 30, 2009 3:55am May 30, 2009 3:55am
Quote
couple that with the help and support from the good people on this thread i cant fail to be rich sooner or later! hehehe
(not really interested in being rich.interested in the freedom though!!)

g_j_hook@yah,
make that sooner..... rich & free.
of course, granted u would continue on with what u do & be increasingly patient & disciplined forever.

That applies to all of us.
  • #31,609
  • Edited 4:18am May 30, 2009 4:07am | Edited 4:18am
Quoting alkhatarey
No one wants to discuss this pairs i posted , i thought it could be good opportunities we can catch together ..
anyway
hi alkhatarey, personally speaking there was too many pairs to coment on! im a bit lazy like that.hehe
but for what its worth..

Quote
GBP/CHF "Has probapility for long " made Dodji on the 150 ema daily chart and good ppz
fisrt thing i notice is that the set up you have outlined here should be a short setup?? the doji was made at a swing high (and on the weekly TF on my feed?.) (and at some serious res.)i have no bias for this pair right now.mabye a long bias after a retrace??

Quote
USD/CHF is on a trend line now we have to see if will break it or retrace from there looking for pattern
i feel price has broken the trend line since it has closed well below.and price is being propt up by the 61% fib and a PPz at around 1.0650. if this level breaks i dont see much in its way untill 1.04ish. i for 1 will looking to sell any raleighs.
i personally cant get an angle on the yen crosses,..im crap at japanese,my spanish is much better!
hope this helps.
jon
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PATIENCE... DISCIPLINE
  • #31,610
  • May 30, 2009 4:14am May 30, 2009 4:14am
[quote]
Quoting supremeChaos
g_j_hook@yah,
make that sooner..... rich & free.
hehe..seriously, i have no wish for more than i need. my goal is to make what i need with as short a working week as possible!! life is too short.
unfortunatly i happen to have chosen a carrea i love so im sure i will end up spending far more hours on my charts than i do at work!!

Quote
of course, granted u would continue on with what u do & be increasingly patient & disciplined forever.
unfortunatly i have little of both! lol
cheers
jon
PATIENCE... DISCIPLINE
  • #31,611
  • May 30, 2009 6:47am May 30, 2009 6:47am
Hy everyone,I'm new to this thread and olso to the Forex market.This is my first post ever on FF,and I want to thanks specially to james16 and the other people on this thred,I like jaroo analysys and mike's olso (aka mqpb).You can see me online on the backstage,evrey day because I'm learnig I have read about 600 pages on this thread,and I still have a long road to go.

For now I want to share with you,my story about Forex:

A friend of mine told me about this market at the beginner of this year, I was so excited when he told me,but after some weeks spending on reading about Forex I was so confused about so many things,there was so much information to dissect and this was so overwhelming.
After that I decided to have a plan of studying,and to stick to that plan,and I succeeded with that.I was spending in avarege 8 hour a day reding: books,a lot of information on diferent forum,a lot of free courses,and olso spending hours on analyzing the charts.I was having some succeed (on a demo account)with diferent methods that I used,for a while but after that I was in a down curve.In this moment I found james thread and his simply way of wiewing the market
I think that the most important think in this business is the studying curve.
I'm a stundet a the moment but this summer I will graduate, yupyy , after that I hope I will post here mor frequently.
For now wish my luck to pass all the exam,I'm studying engineering in telecommunication

I wish the best for you!!
  • #31,612
  • May 30, 2009 6:53am May 30, 2009 6:53am
Quoting triger88990
Hy everyone,I'm new to this thread and olso to the Forex market.This is my first post ever on FF,and I want to thanks specially to james16 and the other people on this thred,I like jaroo analysys and mike's olso (aka mqpb).You can see me online on the backstage,evrey day because I'm learnig I have read about 600 pages on this thread,and I still have a long road to go....
Hi Tiger,

Welcome to the thread.

You've proved yourself to be an assiduous learner and a person who knows what should be done. It's simple to state but it's a pity to see so many come across great threads when they're most panicked, bruised and hurt by the markets. Confidence levels low and just abt ready to give it up.

Mindsets clear like your's have a great edge over all others...

Let us know if we could assist you in any way.

Regards,
Ghous.
I believe . . .
  • #31,613
  • May 30, 2009 6:58am May 30, 2009 6:58am
Quoting g_j_hook@yah

errrmmmmm....no??
...
Take it easy Bud,

You've been doing everything right so far.

Love your charts and analysis!

I guess you tried a bit of jarroo play with that idea of holding on to only a momentum trade. Agree that it wasn't a momentum setup and you got out with a small loss, it could have been much worse with such setups and there nothing wrong in anticipating a hard break which never get's retested in some time. Jarroo does it all the time and he's good with it, not because it works for him but because he makes it work for him by believing in it.

You're throwing away a master theory for no legitmate reason...just follow proper MM because that in reality is Jarroo's main weapon. Smart Alec rarely talks abt that while we muse around imagining ourselves to be the great man.

Take care and trade well mate!

Regards,
Ghous.
I believe . . .
  • #31,614
  • May 30, 2009 7:31am May 30, 2009 7:31am
Hey Ghous!!

Really nice to see some posts from you again. Hope the studies are going well and not driving you "too" crazy!

Chris
Ghost Rider - WWTBMD?
  • #31,615
  • May 30, 2009 7:35am May 30, 2009 7:35am
Quoting albchr
Hey Ghous!!

Really nice to see some posts from you again. Hope the studies are going well and not driving you "too" crazy!

Chris
Hey albchr,

Sorry to disappoint you but they are driving me crazy.

Think abt this...I said I won't be posting till my exams are over and I am here posting...

I just simply need some time off to release some stress...

Thanks for the concerns anyways my friend,

How's your trading up late?
I believe . . .
  • #31,616
  • May 30, 2009 7:41am May 30, 2009 7:41am
Quoting ghous
Hey albchr,

Sorry to disappoint you but they are driving me crazy.

Think abt this...I said I won't be posting till my exams are over and I am here posting...

I just simply need some time off to release some stress...

Thanks for the concerns anyways my friend,

How's your trading up late?
Well release away my friend! Even with that it's good to see you here...

To answer your question about my trading? Here is my first live account trade...

http://www.forexfactory.com/showpost...ostcount=31498
Ghost Rider - WWTBMD?
  • #31,617
  • Edited 7:57am May 30, 2009 7:41am | Edited 7:57am
Here is my first analysis on the GBP/CHF weekly chart.
I spot an PB with a good confluence that suport it:
- it's on an area of PPZ
- we have a round number 1.7500
- we have confluence with 61.8 fib number
- if we look at the bigger picture we see that it in a down trend
So I say that this is an A tread.I will manage this tread on the weekley chart because here we spot the PB,but I'm concerned about this large time frame so I think that will see some ret. and to paly this PB on the ret not on the break of it.How do you guys play it on a ret do you switch on a lower TF,in this case daily TF,to see PA?

I have some reason that say to me,not take this one:
- I'm concerned about the lenght of the nose relative to the left eye (but relative to the body candel it seems to be good)
- other reason it's that it looks more like a doji
What do you guys think about this tread?

Hy jaroo I want to see your opinion about this one,and is my analysis corect or I'm in a rong direction?
Attached Image
  • #31,618
  • May 30, 2009 7:49am May 30, 2009 7:49am
Quoting ghous
Hi Tiger,

Welcome to the thread.

You've proved yourself to be an assiduous learner and a person who knows what should be done. It's simple to state but it's a pity to see so many come across great threads when they're most panicked, bruised and hurt by the markets. Confidence levels low and just abt ready to give it up.

Mindsets clear like your's have a great edge over all others...

Let us know if we could assist you in any way.

Regards,
Ghous.
Hey ghous

thanks for your welcoming and thank you for your appreciative compliments

wish you the best!!
  • #31,619
  • May 30, 2009 8:06am May 30, 2009 8:06am
Quoting albchr
Well release away my friend! Even with that it's good to see you here...

To answer your question about my trading? Here is my first live account trade...

http://www.forexfactory.com/showpost...ostcount=31498
Nice.
I believe . . .
  • #31,620
  • May 30, 2009 8:46am May 30, 2009 8:46am
Quoting ghous
Nice.
Thanks buddy....

Well I have to get to some wood carving now. Have a few orders for some custom carved signs and plaques.

Have a great weekend everyone and I sure hope to see some more of your stress relief Ghous...LOL
Ghost Rider - WWTBMD?
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