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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

  • #38,121
  • Jul 20, 2009 4:55pm Jul 20, 2009 4:55pm
Hey buddies,
Is it the nice pb to play? it locates at 61.8% fibo, and good ppz and reject MA365.
Hope that this boy play well
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  • #38,122
  • Jul 20, 2009 5:02pm Jul 20, 2009 5:02pm
Quoting tac
Yeah its interesting, however I think I would prefer to find PPZ my self tbh, I think its a useful skill specially if you ever move down tf and need to spot them quickly. Thanks for that though.
yeah i agree with you,its a skill that imho is more than just usefull but imperitive! it one of the basis of this method and learning to regocognize PPz by eye will be well worth the effort.
once the major PPZs are drawn in it doesnt take long to update anything or add in the more minor levels.. after all a PPZ drawn from the weeklys is good for....well...almost forever!! lol
just my 2 pips worth
jon
PATIENCE... DISCIPLINE
  • #38,123
  • Jul 20, 2009 5:03pm Jul 20, 2009 5:03pm
Quoting forexngo
Hey buddies,
Is it the nice pb to play? it locates at 61.8% fibo, and good ppz and reject MA365.
Hope that this boy play well
.96 support, FIB 50 and round number is too close for me to worth the R:R
Trading: the skill of avoiding trades
  • #38,124
  • Jul 20, 2009 5:10pm Jul 20, 2009 5:10pm
Quoting eswap0
.96 support and round number is too close for me to worth the R:R
Thats not the reason I wouldn't take it there is always a round number close, the nose is not protruding enough and the bar size in general is smaller than the previous 4-5.
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I hear and I forget. I see and I remember. I do and I understand.
  • #38,125
  • Jul 20, 2009 5:14pm Jul 20, 2009 5:14pm
Quoting eswap0
.96 support, FIB 50 and round number is too close for me to worth the R:R
Minor support & round number is important, i know....but if it is as important as Weekly ppz & if it can be ignored for this case...since strong confluence with MA365, Fibo 61.8%, weekly ppz. good pb....i am confusing
Thanks for your warning
  • #38,126
  • Jul 20, 2009 5:15pm Jul 20, 2009 5:15pm
Quoting forexngo
Hey buddies,
Is it the nice pb to play? it locates at 61.8% fibo, and good ppz and reject MA365.
Hope that this boy play well
It might be worth watching the areas I've marked on this chart if this PB fails.

I have marked a Weekly Resistance line (Red) and a previous Daily close (Yellow) which creates a 30 pip PPZ for potential trades to develop.

I don't trade this pair but if I did I'd be waiting just a little longer for price to exhaust itself somewhere near those higher barriers. But you must trade it as you see it not how others do. Who's to say I'm right and you're wrong.

-----------
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  • #38,127
  • Jul 20, 2009 5:16pm Jul 20, 2009 5:16pm
Quoting forexngo
Hey buddies,
Is it the nice pb to play? it locates at 61.8% fibo, and good ppz and reject MA365.
Hope that this boy play well
for wot its worth i like the look of this also at first glance.although i longer bar would have been nice
the problem i see is the 9600 level which seems to be a major PPZ on the weekly/daily charts. as the bar breaks on my feed at 9629 i think i will be watching this for a possible break and retest of that level. but i think that once below that level it has a chance to run nicley
cheers
jon
EDIT: wow this thread moves fast!!
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PATIENCE... DISCIPLINE
  • #38,128
  • Jul 20, 2009 5:19pm Jul 20, 2009 5:19pm
Quoting mbqb11
let's see if we get a pullback to our PPZ and former breakout area for any good PA here

Hey Mike the same game on AUD/USD, seem´s to be a copy.

I´m in this trade since the Daily PB on the 07.13. (not an A+, i know) with +243 points at the moment SL set on +90.

But forgot to entry NZD/USD too, maybee now get a chance.
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Trade well and many pips to all. Martin
  • #38,129
  • Jul 20, 2009 5:20pm Jul 20, 2009 5:20pm
Quoting forexngo
Minor support & round number is important, i know....but if it is as important as Weekly ppz & if it can be ignored for this case...since strong confluence with MA365, Fibo 61.8%, weekly ppz. good pb....i am confusing
Thanks for your warning
I had .96 marked as a weekly PPZ in my chart...
Wouln't go short above this line
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Trading: the skill of avoiding trades
  • #38,130
  • Jul 20, 2009 5:23pm Jul 20, 2009 5:23pm
I would say 97 is the weekly pivot it has 4 lows touching it within 4-5 pips in one month, seems clear.
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I hear and I forget. I see and I remember. I do and I understand.
  • #38,131
  • Jul 20, 2009 5:23pm Jul 20, 2009 5:23pm
Quoting g_j_hook@yah
cheers
jon
EDIT: wow this thread moves fast!!
If you're a fussy old bugger like me who proof-reads every thing he types before posting.

My replies end up about 50 posts away from the one I was responding to :nerd:.
  • #38,132
  • Jul 20, 2009 5:38pm Jul 20, 2009 5:38pm
Quoting PeterFM
If you're a fussy old bugger like me who proof-reads every thing he types before posting.

My replies end up about 50 posts away from the one I was responding to :nerd:.
LOL peter, I need to take lessons from you and proof-read my typing. I have scanned back on some old posts and I wonder how people can make it out sometimes
  • #38,133
  • Jul 20, 2009 5:40pm Jul 20, 2009 5:40pm
Quoting PeterFM
If you're a fussy old bugger like me who proof-reads every thing he types before posting.

My replies end up about 50 posts away from the one I was responding to :nerd:.
lol ye, and if you type as badly as i do it takes thirty proof-reads just to get the typos out!! haha
some days before i have decided wether or not to chime in it is way too late to add anything relevant or my questions have been answered!! lol

cheers
jon
EDIT: now Mike getting there so fast doesnt suprise me! lol
PATIENCE... DISCIPLINE
  • #38,134
  • Jul 20, 2009 5:45pm Jul 20, 2009 5:45pm
Quoting PeterFM
It might be worth watching the areas I've marked on this chart if this PB fails.

I have marked a Weekly Resistance line (Red) and a previous Daily close (Yellow) which creates a 30 pip PPZ for potential trades to develop.

I don't trade this pair but if I did I'd be waiting just a little longer for price to exhaust itself somewhere near those higher barriers. But you must trade it as you see it not how others do. Who's to say I'm right and you're wrong.

-----------
Thank you for you all Peter FM, Eswap0, Tac, GJ_H....for your great advice & clear instruction. It really makes sense to me and also makes me in a mess.
Woh....honestly...sometimes i forgot the round number
regards,
fxngo
  • #38,135
  • Jul 20, 2009 5:46pm Jul 20, 2009 5:46pm
Quoting mbqb11
LOL peter, I need to take lessons from you and proof-read my typing. I have scanned back on some old posts and I wonder how people can make it out sometimes
added to the faster-than-a-speeding-bullet cursor on your videos I decided to teach myself how to trade.

I'm sure if I could understand what you're saying half the time and could watch your vids without getting hypnotised I'd be better than I am now.

Still, you're nowhere near as bad as Bemac - now that's like trying to decipher Egyptian Tomb Writing .

You know I love you really
  • #38,136
  • Jul 20, 2009 5:48pm Jul 20, 2009 5:48pm
Cant believe Clockworks been banned and his thread binned! WTF! Need to read more on why!
I hear and I forget. I see and I remember. I do and I understand.
  • #38,137
  • Jul 20, 2009 5:48pm Jul 20, 2009 5:48pm
Quoting PeterFM
added to the faster-than-a-speeding-bullet cursor on your videos I decided to teach myself how to trade.

I'm sure if I could understand what you're saying half the time and could watch your vids without getting hypnotised I'd be better than I am now.

Still, you're nowhere near as bad as Bemac - now that's like trying to decipher Egyptian Tomb Writing .

You know I love you really
LOL I tried Peter, but my hand just moves at the speed my brain is actually going. I am lucky I can even form sentences when I open my mouth
  • #38,138
  • Jul 20, 2009 5:51pm Jul 20, 2009 5:51pm
Quoting mbqb11
LOL I tried Peter, but my hand just moves at the speed my brain is actually going. I am lucky I can even form sentences when I open my mouth
Apart from missing the period at the end of the last sentence that paragraph was faultless.
  • #38,139
  • Jul 20, 2009 5:51pm Jul 20, 2009 5:51pm
Quoting PeterFM
Apart from missing the period at the end of the last sentence that paragraph was faultless.

.
  • #38,140
  • Jul 20, 2009 5:53pm Jul 20, 2009 5:53pm
Back to trading. I'll shut the f**k up now.
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