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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

  • #35,601
  • Edited 6:30pm Jun 30, 2009 4:36pm | Edited 6:30pm
Quoting StoragePro
Having some pre dinner cocktails in the bar.

The good times continue, and with luck, the GU will wait till thursday at the earliest for a move to start ... ;-)

Yesterday started off fun with coffee and an apple fritter the size of my fricken' head. Cool deli across the street - yum.

Then a short walk to the courthouse to heckle Bernie Madoff as he headed in for his just sentence. Man, those people outside were a lot more vindictive that what the news reports gave them credit for.

More coffee after that. I needed to top off the energy....
I'm just loving these posts SP. And for anyone who thinks they are off topic.... this is exactly the kind of freedom I want my forex trading to buy. Simple effortless and allowing me to travel and have fun.

GU looks like it'll wait a day or two yet....
  • #35,602
  • Jun 30, 2009 4:39pm Jun 30, 2009 4:39pm
Quoting raczekfx
Watch your back and front....
So on a scale of A to Z what would you rate it?
The customer is always right!
  • #35,603
  • Jun 30, 2009 4:40pm Jun 30, 2009 4:40pm
Quoting kean
Anyone on this...any views?

Hi all, my name is Headless and this is my first post here - great thread!

Regarding the GBPCAD Pin, if you look at the big picture it is at a fairly major level going back a few years.

There is confluence of both 61 & 38 Fib levels going back to 2006, plus a significant PPZ.

BUT I am also well aware of the PPZ / Round Number below at 1.1900

Would be interested to hear other views.
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Click to Enlarge Name: gbpcad 2.gif Size: 30 KB
  • #35,604
  • Jun 30, 2009 4:55pm Jun 30, 2009 4:55pm
Quoting Pipfox
So on a scale of A to Z what would you rate it?
My scale runs from A to D only

if you traded 4hr, I'd considered that an A+
daily setup sits on daily ppz and in the middle of a trading range. I'd give it a C...
If I was not already in, I'd waited for price to retrace to 6540/6580 area..
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  • #35,605
  • Jun 30, 2009 5:04pm Jun 30, 2009 5:04pm
Thanks raczekfx. I'll be taking the trade, i'm looking long term so just a conservative 0.5% will hopefull bring a nice R/R.
The customer is always right!
  • #35,606
  • Jun 30, 2009 5:10pm Jun 30, 2009 5:10pm
im always amazed by these 1st time posters that obviously understand what we are doing.

you have to be at least a medium term lurker h.

welcome,

jim

Quoting Headless
Hi all, my name is Headless and this is my first post here - great thread!

Regarding the GBPCAD Pin, if you look at the big picture it is at a fairly major level going back a few years.

There is confluence of both 61 & 38 Fib levels going back to 2006, plus a significant PPZ.

BUT I am also well aware of the PPZ / Round Number below at 1.1900

Would be interested to hear other views.
  • #35,607
  • Jun 30, 2009 5:20pm Jun 30, 2009 5:20pm
Quoting james16
im always amazed by these 1st time posters that obviously understand what we are doing.

you have to be at least a medium term lurker h.

welcome,

jim
Ditto that. Especially in recent times.

I think it also shows how great the established followers have gotten at getting the techniques accross. So many members here now that help pull the wait of this thread along. It works so well. Everyone is doing a fantastic job.

Pity we don't all live near the same bar for a congratulatory drink! (And we also need a "raise glass" smiley. )

And welcome to the thread Headless.
.
Bundy's status today: "Waiting..."
  • #35,608
  • Jun 30, 2009 5:25pm Jun 30, 2009 5:25pm
Quoting bundyraider

Pity we don't all live near the same bar for a congratulatory drink! (And we also need a "raise glass" smiley. )

And welcome to the thread Headless.
.
if that was the case nothing would get done, cause we'd all be wasted all the time LOL
  • #35,609
  • Jun 30, 2009 5:25pm Jun 30, 2009 5:25pm
Quoting james16
im always amazed by these 1st time posters that obviously understand what we are doing.

you have to be at least a medium term lurker h.

welcome,

jim

Thanks Jim and you are correct. I have been lurking for a while, and am actually also a member of the PF.

Just my circumstances haven't been conducive to posting as I’ve been on the go for a while – Eastern Europe, Middle East, NZ, SE Asia etc…. But just settling into a new place in London now and finally have more time on my hands.

Thanks to all the regulars here – I almost feel like I know some of you!
  • #35,610
  • Jun 30, 2009 5:27pm Jun 30, 2009 5:27pm
Quoting raczekfx
My scale runs from A to D only

if you traded 4hr, I'd considered that an A+
daily setup sits on daily ppz and in the middle of a trading range. I'd give it a C...
If I was not already in, I'd waited for price to retrace to 6540/6580 area..

Attached Image (click to enlarge)
Click to Enlarge Name: gu21.gif Size: 12 KB
  • #35,611
  • Edited 5:51pm Jun 30, 2009 5:35pm | Edited 5:51pm
Quoting Pipfox
Thanks raczekfx. I'll be taking the trade, i'm looking long term so just a conservative 0.5% will hopefull bring a nice R/R.
Don't take me wrong... It may break and break hard in the next 24hrs, but just that it's sitting on daily ppz makes it look less attractive. This is the reason why I always look for opportunity on smaller tf. Besides, I posted my mid term TP for cable back few posts ago..

Quoting rustyjeff
... You sleep at all Jeff..
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  • #35,612
  • Jun 30, 2009 5:40pm Jun 30, 2009 5:40pm
You quite often see things differently when others explain it. Thanks for your viewpoint, that does look like a mighty solid trendline.
The customer is always right!
  • #35,613
  • Jun 30, 2009 5:46pm Jun 30, 2009 5:46pm
lol. well that explains a lot.

you world travelers blow my mind.

jim
Quoting Headless
Thanks Jim and you are correct. I have been lurking for a while, and am actually also a member of the PF.

Just my circumstances haven't been conducive to posting as I’ve been on the go for a while – Eastern Europe, Middle East, NZ, SE Asia etc…. But just settling into a new place in London now and finally have more time on my hands.

Thanks to all the regulars here – I almost feel like I know some of you!
  • #35,614
  • Jun 30, 2009 5:50pm Jun 30, 2009 5:50pm
Quoting raczekfx
Don't take me wrong... It may break and break hard in the next 24hrs, but just that it's sitting on daily ppz makes it look less attractive. This is the reason why I always look for opportunity on smaller tf. Besides, I posted my mid term TP for cable back few posts ago..


... You sleep at all Jeff..
had to get up early & had a quick look at the majors before running out, & saw a nice big pin in good location......
had a sell limit in too but missed by 6 pips.

been doing some sailing in newport & yard work for friends. no trading for a while but that gu one was tooooo obvious.. sail for booth bay, Maine tomorrow..
I got to tell you guys, when you dont read this thread for a while then refresh it, its like trying to read the whole thing again.. omg another 200 pages to go...
  • #35,615
  • Jun 30, 2009 6:02pm Jun 30, 2009 6:02pm
Quoting james16
lol. well that explains a lot.

you world travelers blow my mind.

jim
Your videos have been downloaded / watched in a few odd places, and have helped me pass countless hours waiting in airport lounges etc

I recently flew from Prague to Auckland and that involved 28 hours FLYING time plus 6 airports. I get through a few books too.....
  • #35,616
  • Jun 30, 2009 6:08pm Jun 30, 2009 6:08pm
Quoting Headless
Thanks Jim and you are correct. I have been lurking for a while, and am actually also a member of the PF.

Just my circumstances haven't been conducive to posting as I’ve been on the go for a while – Eastern Europe, Middle East, NZ, SE Asia etc…. But just settling into a new place in London now and finally have more time on my hands.

Thanks to all the regulars here – I almost feel like I know some of you!
sounds like a nice job!
  • #35,617
  • Jun 30, 2009 6:16pm Jun 30, 2009 6:16pm
Quoting mbqb11
if that was the case nothing would get done, cause we'd all be wasted all the time LOL
lol ... Yeah. We'd all check the charts every few hours and bring about all sorts of great ideas about where the dollar is heading the next 10 years.

...Nahh that's talking shop.

I'm mostly sure, but I suspect there are a few of us here now that have reached the point where trading is like checking your shoe laces and re-tying them every few hours.

I could imagine we'd be all yapping and carrying on, beers etc in hand, when all of a sudden the 4hr chart alrms all go off... ....everyone goes quickly silent and shuffles to their blackberries/iphones etc for a few minutes. ...Then back to it like nothing had happened, the topless bar maids all confused and thinking something from the twighlight zone just popped into their lives. ....ahhhh.... goood times.
.
Bundy's status today: "Waiting..."
  • #35,618
  • Jun 30, 2009 6:26pm Jun 30, 2009 6:26pm
Quoting bundyraider

I could imagine we'd be all yapping and carrying on, beers etc in hand, when all of a sudden the 4hr chart alrms all go off... ....everyone goes quickly silent and shuffles to their blackberries/iphones etc for a few minutes. ...Then back to it like nothing had happened, the topless bar maids all confused and thinking something from the twighlight zone just popped into their lives. ....ahhhh.... goood times.
.
When??? Where????
  • #35,619
  • Jun 30, 2009 6:31pm Jun 30, 2009 6:31pm
Quoting james16
lol. well that explains a lot.

you world travelers blow my mind.

jim
I wish biz travel was not so tiring. I'd do more of it. This planet is simply fascinating.
I'm pretty much done with all this ...
  • #35,620
  • Jun 30, 2009 6:32pm Jun 30, 2009 6:32pm
Quoting Headless
When??? Where????
Oh wow.... Did I actually type that topless barmaids bit in??? ...Talk about a Freudian slip.
Bundy's status today: "Waiting..."
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