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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

  • #34,421
  • Jun 23, 2009 8:32am Jun 23, 2009 8:32am
Quoting raczekfx
bit too early, but I get the feeling we'll see 132 again..

Is ghous a girl trader...? , nuh... maybe is...nuh..., I talked to rusty..., Mike and his/her webinar voice changer......

Where is my C-ball?
i agree rac wit 132....didnt take it though, saw similar setups on gj, nu but still learning to spot them before pulling the trigger....lol
men! sup wit the girl trader mystery, james16(jim) started this, & i thnk its kind of funny....im a dude by the way (atleast the last time i checked)
Simplicity is the key to success
  • #34,422
  • Jun 23, 2009 8:33am Jun 23, 2009 8:33am
Quoting raczekfx
bit too early, but I get the feeling we'll see 132 again..

Is ghous a girl trader...? , nuh... maybe is...nuh..., I talked to rusty..., Mike and his/her webinar voice changer......

Where is my C-ball?
I won't keep you guessing...I am not a girl. I am a complete man/boy. lol!
I believe . . .
  • #34,423
  • Jun 23, 2009 8:36am Jun 23, 2009 8:36am
Quoting ghous
I won't keep you guessing...I am not a girl. I am a complete man/boy. lol!
Hm... Josh?..

Or da man him(her)self...
One Chart is Worth Ten Thousand Words.
  • #34,424
  • Jun 23, 2009 8:37am Jun 23, 2009 8:37am
Last chart for the day...

Gu...again no fancy indicators just a good understanding of horizontal supp/res levels...and...A PLAN,

Ghous.
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I believe . . .
  • #34,425
  • Jun 23, 2009 8:38am Jun 23, 2009 8:38am
Quoting Forex007
Hm... Josh?..

Or da man him(her)self...
I've been thinking that since he first made us think that way. lol!
I believe . . .
  • #34,426
  • Jun 23, 2009 8:41am Jun 23, 2009 8:41am
Not much of a pin but the move north stalled exactly where I expected (thin blue line). Would be trading down into some traffic (thick blue line) but it is with long term trend and has potential if it can get past the traffic. Any thoughts from the pros?
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  • #34,427
  • Jun 23, 2009 8:49am Jun 23, 2009 8:49am
Quoting TotalNewbie
Not much of a pin but the move north stalled exactly where I expected (thin blue line). Would be trading down into some traffic (thick blue line) but it is with long term trend and has potential if it can get past the traffic. Any thoughts from the pros?
At the moment EUR is on a big push up. It's fighting to break 1.4000 and I saw this comment in the EURUSD thread on FF. I keep an eye on these threads, not for trading advice as such, but to pick up bits and bobs like this. Not that it really means anything to me but sometimes it keeps me out of the market if I'm unsure.

Quote
In my opinion there are no shorts here...no longs either until one thing occurs roughly 3 hours and a half from now. That is the 2 year bond auction..yes another one...the motive in my opinion for the sharp Eur/Usd gain....and maybe after its all done with ..just maybe...shorts will come back into play.
  • #34,428
  • Jun 23, 2009 8:50am Jun 23, 2009 8:50am
Quoting TotalNewbie
Not much of a pin but the move north stalled exactly where I expected (thin blue line). Would be trading down into some traffic (thick blue line) but it is with long term trend and has potential if it can get past the traffic. Any thoughts from the pros?
not yet a pro but look at the size of that pin compared to the one to the left or the bullish pin below which started the initial move...not saying it wont work, its all about location and dats a good location for it to stall and maybe reverse...
by the way im still long on it, and tigthen my SL cos of the rxn to that area, hopefully it continues north....jst my opinion
Simplicity is the key to success
  • #34,429
  • Jun 23, 2009 8:51am Jun 23, 2009 8:51am
Quoting Forex007
Hm... Josh?..

Or da man him(her)self...

Not I . Hmmm...

All flat on positions now.

90 degrees (F) here today and much of this week... Heading to the library to get in some AC and possibly cool off in the Mississippi River later today. About 1/2 mile away.

Stay cool in every way everybody!

Josh
  • #34,430
  • Jun 23, 2009 8:55am Jun 23, 2009 8:55am
Quoting TotalNewbie
Not much of a pin but the move north stalled exactly where I expected (thin blue line). Would be trading down into some traffic (thick blue line) but it is with long term trend and has potential if it can get past the traffic. Any thoughts from the pros?
Just a quick observation. If you were expecting price to stall a bit there, I'd expect others to be thinking the same and take some profits off the table. So looks like profit taking to me, and would be cautious of a reversal after a run like that.
  • #34,431
  • Jun 23, 2009 8:59am Jun 23, 2009 8:59am
Quoting pmn100
Just a quick observation. If you were expecting price to stall a bit there, I'd expect others to be thinking the same and take some profits off the table. So looks like profit taking to me, and would be cautious of a reversal after a run like that.

Thanks. What you say makes perfect sense, especially as the bar is not much of a pin to start with. Just the kind of advice I was looking for . This thread is full of helpful people. A real goldmine for us newbies!
  • #34,432
  • Jun 23, 2009 9:21am Jun 23, 2009 9:21am
Some little scalp.

Quoting ikki
yeap!!. good trade ghous!!
right now, I'm waiting a retrace..... the same with yen crosses.
maybe tomorrow
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What does not kill me makes me stronger. Friedrich Nietzsche,
  • #34,433
  • Jun 23, 2009 9:39am Jun 23, 2009 9:39am
Quoting ikki
Some little scalp.
Hey, Ikki I have same trade G/J short at 156.74 I missed E/J when it blew by 61 fib I was going to watch at 134.50 o-well. Here is a pair I posted on a couple weeks back and will be lookin to get some long action seems toro juice is ready.
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  • #34,434
  • Jun 23, 2009 9:44am Jun 23, 2009 9:44am
stopped out of my au/us short @ 7916..
now she takes off!!??...it would f*$#@n do now!! hehe
only joking, i took 1/2 off at about +27 so not such a stinger.
trades on chart are demos.

ikki, snap!! i took the chf/jpy also becouse i thought it a great location with the PPZ and the 50% fib.all stops at BE.
jon
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PATIENCE... DISCIPLINE
  • #34,435
  • Jun 23, 2009 9:46am Jun 23, 2009 9:46am
hi guys:
I have been watching E/U and U/Chf for a few hours today on Day Timeframe.

it seems never moving at all for +-0.01,
so on Day-tf it seems nothing ever moving at all and stalled (1.40, 1.07)

how do you trade this kind of higher tf chart?
is it place an order and come back to see after 1 day? thanks...
  • #34,436
  • Jun 23, 2009 9:48am Jun 23, 2009 9:48am
Quoting ikki
Some little scalp.
Good stuff Ikki.
I believe . . .
  • #34,437
  • Jun 23, 2009 9:49am Jun 23, 2009 9:49am
Was really wanting to short this pair at check mark notice the 150ema there also.That damn test of the tl held I am not a giant tl guy but when there simple and obvious I do take note. Watchin this pair for short opprotunities
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  • #34,438
  • Jun 23, 2009 9:49am Jun 23, 2009 9:49am
Quoting ikki
Some little scalp.
quick question ikki & 4fun,
was dis a blind entry cos i also saw the same thing on gj,ej & nu but didnt see reasonable pa to short but still knew it wld still drop like a rock, did u set a sell limit or based on pa on a lower tf(didnt see anything on the daily apart from IB ...i think) ....thnx
Simplicity is the key to success
  • #34,439
  • Jun 23, 2009 9:51am Jun 23, 2009 9:51am
Quoting billye
hi guys:
I have been watching E/U and U/Chf for a few hours today on Day Timeframe.

it seems never moving at all for +-0.01,
so on Day-tf it seems nothing ever moving at all and stalled (1.40, 1.07)

how do you trade this kind of higher tf chart?
is it place an order and come back to see after 1 day? thanks...
We wait for the market to give direction...placing pending orders on such markets is the last thing you want to do unless you're an ultra aggressive trader and anticipating the consolidation break.

regards,
Ghous.
I believe . . .
  • #34,440
  • Jun 23, 2009 9:52am Jun 23, 2009 9:52am
was this a good pinbar and good trade ?
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