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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

  • #39,101
  • Jul 28, 2009 7:51am Jul 28, 2009 7:51am
Quoting supremeChaos
Jduester,
apart from what Jigsaw & ghous have said, u can try & PM ikki. i believe he has made several PM's with rac in the past.
alternatively, PM rac directly as your question may/may not involve raczekfx's undisclosed proprietary system/method & other "voodoo".
I intend to frequent-PM him in the near future as i idolize him too.
LONG LIVE rac/Mark


***---***
...ps how could I forget ikki.
I believe . . .
  • #39,102
  • Jul 28, 2009 7:53am Jul 28, 2009 7:53am
Quoting batesmotel
If you or Peter could explain this VSA to us, that would be great...I'm unfamiliar with this....

Also, Giotto, please explain the tick volume in more detail...sounds very interesting....I have the ability to make tick charts with my trading software, but I'm unsure of it's importance....I think your insights on this could really enlighten the rest of us...

Thanks in advance!

GregB
hey Greg,

we have a VSA thread here at FF

VSA.

(or you could google the stuff or pm peter or something)

Let's refrain from going off topic here shall we.

Ghous.
I believe . . .
  • #39,103
  • Jul 28, 2009 7:56am Jul 28, 2009 7:56am
ghous,
lol....

FXOpen is GMT + 3 right (like FxPro, liteForex/SIG, FXDD, etc)? GMT + 2 MT4 brokers (XTB, Alpari, Mig, Broco etc) also showed an almost similar PA setup.
Nice for u to post an eur$ chart. i was about to mention it earlier (along with gbp$ H4) but flinched as i was worried jarroo would come out & ask for a chart again. (i was busy reading posts, so i was not ready to post charts today) lol


joelcf,
GMT + 2 brokers (XTB, Alpari, Mig, Broco etc) had a H4 PB/doji closed 2-3hrs ago with a low of 78.61. just additional fyi.


batesmotel,
refer to my previous post above about a VSA thread.
  • #39,104
  • Jul 28, 2009 8:19am Jul 28, 2009 8:19am
Quoting ghous
hey Greg,

we have a VSA thread here at FF

VSA.

(or you could google the stuff or pm peter or something)

Let's refrain from going off topic here shall we.

Ghous.
Right, ok, sorry...thanks for info....GregB
  • #39,105
  • Jul 28, 2009 8:56am Jul 28, 2009 8:56am
Quoting supremeChaos
ghous,
lol....

FXOpen is GMT + 3 right (like FxPro, liteForex/SIG, FXDD, etc)? GMT + 2 MT4 brokers (XTB, Alpari, Mig, Broco etc) also showed an almost similar PA setup.
Nice for u to post an eur$ chart. i was about to mention it earlier (along with gbp$ H4) but flinched as i was worried jarroo would come out & ask for a chart again. (i was busy reading posts, so i was not ready to post charts today) lol
lol yeah Fxopen is gmt+3 i guess, cuz it's in line with fxpro...
Quoting batesmotel
Right, ok, sorry...thanks for info....GregB
No worries Greg, all of us can get carried away at times.

happy trading.

Ghous.
I believe . . .
  • #39,106
  • Jul 28, 2009 9:14am Jul 28, 2009 9:14am
Quoting ghous
Swing high, divergence,

resistance from the protruding tail from a previous bar which marked the swing high (a concept I also use with my blind trades)



Ghous.
Target 1 hit.
Attached Images
I believe . . .
  • #39,107
  • Jul 28, 2009 9:59am Jul 28, 2009 9:59am
july been nice and slow for me

Anyone catch this, not a market I trade but man that is a BEAUTY!
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  • #39,108
  • Jul 28, 2009 10:13am Jul 28, 2009 10:13am
Quoting mbqb11
july been nice and slow for me

Anyone catch this, not a market I trade but man that is a BEAUTY!
Explains why you're married to round numbers.

G.
I believe . . .
  • #39,109
  • Jul 28, 2009 10:14am Jul 28, 2009 10:14am
Quoting giotto
At first thanks for nice welcome, I appreciate your approach to newcomers.


Back to trading. I know you guys hold position even for few days, but in bigger sizes I need to cover some of my profits and let rest run @BE. Watching PBs on 30min-4hr. Sometimes I got good entry on 30min which develops into PB in bigger TF. I think that idea behind all this is almost the same - PIN on S/R rounded lvls or nice retr via fibonacci. I am using fibo enter/close system as in Jacko's thread. Pure TL, and PA. Have to admit I locked that short EURUSD trade too...
You use bloomberg for charting and you're a 'newcomer'???
  • #39,110
  • Jul 28, 2009 10:22am Jul 28, 2009 10:22am
Quoting ghous
Target 1 hit.
Nice, I'm still kicking my self for get out at 1.4230. Now I'm just looking for PA around the 1.41 level for a move back up, MAYBE.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #39,111
  • Jul 28, 2009 10:56am Jul 28, 2009 10:56am
hey josh,

With uj. I like the round numbers right now. 95,94,93,92...
they line up nicely with s/r & fibs.

look at how uj reacted to 94 just now.. 94.03- 94.22 .
will it turn into longer term pa????
but if your quick you will get 20-30 pips from these on the 1st approach.
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  • #39,112
  • Jul 28, 2009 11:00am Jul 28, 2009 11:00am
I missed these this morning, but I bet Ryan was all over them.
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  • #39,113
  • Jul 28, 2009 11:06am Jul 28, 2009 11:06am
nice...
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  • #39,114
  • Jul 28, 2009 11:11am Jul 28, 2009 11:11am
Quoting rustyjeff
I missed these this morning, but I bet Ryan was all over them.
Do you trade these normally rusty? Doing well with it? Still can't decide if I like this particular trade or not
  • #39,115
  • Jul 28, 2009 11:15am Jul 28, 2009 11:15am
Quoting panos69
nice...
Was thinking the same myself...

Tom
  • #39,116
  • Jul 28, 2009 11:20am Jul 28, 2009 11:20am
Quoting Jlr
Do you trade these normally rusty? Doing well with it? Still can't decide if I like this particular trade or not
not all the time. & only when they are dead obvious..like these were. What if the same look was on the daily...

I do prefer 4hr & daily tf's.
  • #39,117
  • Jul 28, 2009 11:24am Jul 28, 2009 11:24am
A close below todays open & those bar highs to the left will be nice

wait to see how price reacts at the blue area
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  • #39,118
  • Jul 28, 2009 11:26am Jul 28, 2009 11:26am
Quoting rustyjeff
not all the time. & only when they are dead obvious..like these were. What if the same look was on the daily...

I do prefer 4hr & daily tf's.
Thanks, and good point.
Nice to see you back by the way, always enjoy your charts
  • #39,119
  • Jul 28, 2009 11:30am Jul 28, 2009 11:30am


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  • #39,120
  • Jul 28, 2009 11:31am Jul 28, 2009 11:31am
There have been some major moves today but I sat out on a few 8hr pins that were CT, I am liking trading with the trend more and more, I may never trade CT again ( that will be tough).

I havent taken a trade since July 14th, thats two weeks, the first two weeks of the month I took 4 trades all for profit. I am up 1.5% for the month with risking 1%. This makes me happy because soon I am going to start risking 3% on a slightly larger account ( I would be up around 4-4.5% if this was the case). I am fine tuning my rules so much better and being much more patient these days. My entries are based on price action and intuition(trading towards least line of resistance) but I am making my stop moving and exits more mechanical which I think is working well. "Reading Trading in the zone" right now. It is speaking volumes to me about my emotions.

Any thoughts on Trading in the Zone? or emotions in general lol.. I dont know I am just bored. Even though I am at work. Shush :nerd:
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