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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

  • #32,581
  • Jun 7, 2009 11:04pm Jun 7, 2009 11:04pm
Quoting datogio
I'm in break even and even took some profit.
That's how we roll brother.
Indicators show the past. Price Action "Indicates" the future.
  • #32,582
  • Jun 7, 2009 11:05pm Jun 7, 2009 11:05pm
Quoting jarroo
That's how we brother.
  • #32,583
  • Jun 7, 2009 11:06pm Jun 7, 2009 11:06pm
Quoting datogio
Roll. lol
Indicators show the past. Price Action "Indicates" the future.
  • #32,584
  • Jun 7, 2009 11:08pm Jun 7, 2009 11:08pm
Quoting jarroo
Roll. lol
go cable go, lol
  • #32,585
  • Jun 7, 2009 11:10pm Jun 7, 2009 11:10pm
If we manage to get this deep today I will be seeking longs...

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  • #32,586
  • Jun 7, 2009 11:13pm Jun 7, 2009 11:13pm
It was luck!
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  • #32,587
  • Jun 7, 2009 11:27pm Jun 7, 2009 11:27pm
Quoting jarroo
Weekly Gbp/Usd PB looking for a strong break at 1.5928
Nice one Jarroo, right on target.
non si dimentichi mai
  • #32,588
  • Jun 7, 2009 11:30pm Jun 7, 2009 11:30pm
Quoting plus50
Nice one Jarroo, right on target.
This mess in green (traffic) will be a good test on the strength of the move.
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Indicators show the past. Price Action "Indicates" the future.
  • #32,589
  • Jun 7, 2009 11:37pm Jun 7, 2009 11:37pm
Jarroo, that mess in green was 5 days consolidation on the way up, lets hope way down is smoother.
non si dimentichi mai
  • #32,590
  • Jun 7, 2009 11:53pm Jun 7, 2009 11:53pm
Quoting plus50
Jarroo, that mess in green was 5 days consolidation on the way up, lets hope way down is smoother.
It may cause a retest of the entry, which would provide a conformation of the setup.
Indicators show the past. Price Action "Indicates" the future.
  • #32,591
  • Jun 7, 2009 11:56pm Jun 7, 2009 11:56pm
I've closed half of my short position (+126 pips) and I've locked another 90 pips for the other half.
  • #32,592
  • Jun 7, 2009 11:58pm Jun 7, 2009 11:58pm
Quoting oltciter
I've closed half of my short position (+126 pips) and I've locked another 90 pips for the other half.
From Friday's 4 hour PB? Very nice.
Indicators show the past. Price Action "Indicates" the future.
  • #32,593
  • Jun 8, 2009 12:00am Jun 8, 2009 12:00am
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This is all very fishy because the dollar should be crashing. But I guess technicals are always stronger
  • #32,594
  • Jun 8, 2009 12:00am Jun 8, 2009 12:00am
Thank You!
  • #32,595
  • Jun 8, 2009 12:08am Jun 8, 2009 12:08am
Would be great if aud/usd make another gift today
  • #32,596
  • Jun 8, 2009 12:14am Jun 8, 2009 12:14am
Quoting jarroo
It may cause a retest of the entry, which would provide a conformation of the setup.
Hey Jaroo if I missed the entry,and this will be retested,is in this case another opportunity to enter in this setup,because you say that if will act like that it will be a confirmation of the setup.
I'm in the learning curve so I want to know all the possibility to enter a trade
Many thanks
  • #32,597
  • Edited 12:38am Jun 8, 2009 12:23am | Edited 12:38am
Quoting triger88990
Hey Jaroo if I missed the entry,and this will be retested,is in this case another opportunity to enter in this setup,because you say that if will act like that it will be a confirmation of the setup.
I'm in the learning curve so I want to know all the possibility to enter a trade
Many thanks
Yes, this is a possibility on many high quality setups. Price tends to retest the entry (break) or a S/R level near the break. But the momentum maybe so strong, which is inherit in high quality PA setups, it may just run to the moon. But on some (not all).

Also this retest may happen over days on higher time frames (like the Daily/Weekly). Check some past Daily/Weely PA (A+) trades and you can see this happening.
Indicators show the past. Price Action "Indicates" the future.
  • #32,598
  • Jun 8, 2009 12:30am Jun 8, 2009 12:30am
Anyone take the Euro BEOB on the Daily?
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Indicators show the past. Price Action "Indicates" the future.
  • #32,599
  • Jun 8, 2009 12:31am Jun 8, 2009 12:31am
EUR/USD another good guy

Quote
Anyone take the Euro BEOB on the Daily?
suppose I did
  • #32,600
  • Jun 8, 2009 12:37am Jun 8, 2009 12:37am
Quoting jarroo
Anyone take the Euro BEOB on the Daily?
I'm in, too!
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