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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

  • #35,961
  • Jul 2, 2009 6:20pm Jul 2, 2009 6:20pm
Quoting Gerard212
Bob

Hello to you and here is the dumb ? of the day.How do you determine the trend direction.i can see for example i see often that Daily is clearly up but 4Hr is down using 50sma so please assist this paddy.

Thanks Gerard
The trend is always on the time frame you are looking at / trading at. So, in your example, if you trade the daily the trend is up, if you trade the 4hr the trend is down.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #35,962
  • Jul 2, 2009 6:26pm Jul 2, 2009 6:26pm
Quoting Jduester
Yes, I understand, lol. But you found those words of wisdom to be applied to what we were talking about now. Not an easy task in 35K of posts...

Great movie btw. Might have a dance off in a wedding I'm in this weekend.

Josh
Niceee, weddings are awesome. Everybody's in such a good mood so you can't go wrong there! My sister is getting married in October and I can't wait. All of her single gorgeous friends will be there and they love me for some odd reason?! lol. I hope you have a great time my man.

BTW, the only reason I found that is that I was researching Ryanmcd. That sounds kinda odd? lol I was looking through his older posts as I was looking into the 5 minute stuff. I just took two trades tonight based on it and made 50 pips respectively on the eur/usd and gbp/usd so my interest is piqued. The risk on those two trades were an all of 9 pips on the gbp and 7 on the euro. I like the fact of basically no risk.
I dream, therefore I become.
  • #35,963
  • Jul 2, 2009 6:54pm Jul 2, 2009 6:54pm
Quoting raczekfx
S&P, dow and crude, all gave me signal to sell fiber and cable.
I don't really give much attention to dblhc at trend high. If my system tells me sell, I will do so, regardless of what everyone is saying. I have faded quite a few news guys yesterday. These guys never quit....lol





This trade was based on what Bob added here today...
Nice work. I am ready to buy some back I believe in here. Early PA is supportive.
  • #35,964
  • Jul 2, 2009 7:12pm Jul 2, 2009 7:12pm
Quoting mike w
My sister is getting married in October and I can't wait. All of her single gorgeous friends will be there and they love me for some odd reason?! lol.
.
Lucky bastard!!!

Can u bring a friend? it's Mike plus one the invitation?? LOL

Mat
  • #35,965
  • Jul 2, 2009 7:31pm Jul 2, 2009 7:31pm
AUDUSD looking quite promising for any long term bulls. One does have to note the daily failure at 8120 though that tipped off the current selloff. That needs to be overcome.

The monthly support is actually a reasonable level underneath as a stop or S/R
  • #35,966
  • Jul 2, 2009 7:32pm Jul 2, 2009 7:32pm
NEWSFLASH:

Tax time sucks!

(...for that one person out there hasn't realised yet. lol)

When you know how compounding effects your account growth, taking a chunk out of your account !!BLOWS!!
Bundy's status today: "Waiting..."
  • #35,967
  • Jul 2, 2009 7:34pm Jul 2, 2009 7:34pm
Quoting bundyraider
NEWSFLASH:

Tax time sucks!

(...for that one person out there hasn't realised yet. lol)

When you know how compounding effects your account growth, taking a chunk out of your account !!BLOWS!!
YES
  • #35,968
  • Jul 2, 2009 7:35pm Jul 2, 2009 7:35pm
Quoting Alexandra
Nice work. I am ready to buy some back I believe in here. Early PA is supportive.
Interesting thoughts.

I have a friend, who has a subscription to jacko's service and every time he gets signals, he would call or sms me asking for advice...lol
He called me an hour ago and and asked if he should place a buy order at 3960..... It might be coincidence, but you guys have very similar thoughts...

We'll probably get a pullback to 40, but looking at 4hr, I wouldn't really count on fiber shooting right back to 42. We'll see.
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  • #35,969
  • Jul 2, 2009 7:50pm Jul 2, 2009 7:50pm
Quoting raczekfx
Interesting thoughts.

I have a friend, who has a subscription to jacko's service and every time he gets signals, he would call or sms me asking for advice...lol
He called me an hour ago and and asked if he should place a buy order at 3960..... It might be coincidence, but you guys have very similar thoughts...

We'll probably get a pullback to 40, but looking at 4hr, I wouldn't really count on fiber shooting right back to 42. We'll see.

Interesting - no I don't get his signals. The 4 hour Aussie is a bit more promising, but I did buy back some E/USD in here. Maybe Jacko will push things higher with his monster lots!
  • #35,970
  • Jul 2, 2009 7:52pm Jul 2, 2009 7:52pm
LOL - Indeed...apparently he has bought some...LOL. Enough to move to BE in case you start selling. You won't do that yet though!
  • #35,971
  • Jul 2, 2009 8:03pm Jul 2, 2009 8:03pm
Looking at it closer, that 60 area is about at the 50 Fibo of the recent upswing - I believe that is his M.O. I was looking more directly at PA off of the support, along with the intermarket analysis.
  • #35,972
  • Jul 2, 2009 8:13pm Jul 2, 2009 8:13pm
Quoting Ryanmcd
My new deal, so far 0 losses in the last 6 trades
I just caught up with this. What's the new approach Ryan?
  • #35,973
  • Jul 2, 2009 8:37pm Jul 2, 2009 8:37pm
Quoting Alexandra
Looking at it closer, that 60 area is about at the 50 Fibo of the recent upswing - I believe that is his M.O. I was looking more directly at PA off of the support, along with the intermarket analysis.
I know it looks like rac's favorite, but since we closed below daily ppz and below TL, I will be a net seller not a buyer. Waiting for a bar off ppz and 1hr TL to confirm.
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  • #35,974
  • Jul 2, 2009 8:46pm Jul 2, 2009 8:46pm
Quoting raczekfx

This trade was based on what Bob added here today...
i also took this trade. i must be learning something!! it was the DBHLC on the next 2 bars what did it for me. iv got my stop @ the original 1.6430, gonna see what happens next.
jon
PATIENCE... DISCIPLINE
  • #35,975
  • Jul 2, 2009 8:49pm Jul 2, 2009 8:49pm
Indeed...it makes a market....I'm still relegated by an intact D/W trendline (under the lows) and weekly support. We will clash at some point, but for now, there is room for us both.
  • #35,976
  • Edited 9:23pm Jul 2, 2009 8:52pm | Edited 9:23pm
Aussie at minor resistance; EUR a bit better defined below 1.40 as you show above.

LOL - Now it's my turn to tell the market it was off base!

Perhaps USDCHF has a better view, failing 1.09 again.

Anyway, 1.4 should be a battleground.
  • #35,977
  • Jul 2, 2009 10:07pm Jul 2, 2009 10:07pm
Quoting TiaForex
I just caught up with this. What's the new approach Ryan?

Taking CT's in a flat market lol The past week or two is all sideways, the BB are flat. I used to kill it when they went flat on the 5min and any hit of the BB was money in the bank.. Same deal here.

It's funny becase the more I do the 4hr the more I tie the old 5min crap to it, one nice thing about the 4hr is I now have a life
Keep taking CT trades, I need more money
  • #35,978
  • Jul 2, 2009 10:42pm Jul 2, 2009 10:42pm
Quoting mike w
Post 13579. Read it. do it. do it now. do it.
how do you go directly to an individual post like 13579? from the URL

i tried http://www.forexfactory.com/showpost...ostcount=13579
but that doesn't work
i also played around with the other variables.. what does the p mean in the URL?
i cant just enter postcount=blah and goto that post unfortunately
  • #35,979
  • Jul 2, 2009 10:45pm Jul 2, 2009 10:45pm
Quoting bakko85
Hi Ghous,
i'm with you in this trade.



Did you remember that i talked also about an IPB on EurAud? I didn't take it but if you look at the chart it finally worked out..!
Hy Bakko,

Yeah it has kind of responded, 176 should now be a real test...

Regards,
Ghous.
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I believe . . .
  • #35,980
  • Jul 2, 2009 10:49pm Jul 2, 2009 10:49pm
Rac? Enough PA for you in here?
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