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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

  • #39,501
  • Jul 30, 2009 4:30pm Jul 30, 2009 4:30pm
Quoting jarroo
What were you looking at Tia? I'm a lifetime member. LOL
Oops :

THIS IS CRITICAL

Before typing information about Jarroo we MUST LEARN TO:

1. Do our research and establish the facts
2. If we do not do our research we must be prepared for Jarroo to "stop us out"

Once we have done our research and know the facts we have three choices:

1. Tell the truth
2. Make something up
3. Start a new group and take credit for everything, pausing only to call Jarroo a girl.

If we do not do this we have no chance in this business people. Period paragraph.
  • #39,502
  • Jul 30, 2009 4:40pm Jul 30, 2009 4:40pm
Approaching a significant area on Daily AUD/USD Chart. We are only about 250 pips away so I thought I would make you aware of it if you haven't made note of this level.

I am looking for PA to go short. The pink line is what I am anticipating price will do.

Ross
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  • #39,503
  • Jul 30, 2009 4:54pm Jul 30, 2009 4:54pm
LOL I had to respond, too funny!!!


Quoting TiaForex
Oops :

THIS IS CRITICAL

Before typing information about Jarroo we MUST LEARN TO:

1. Do our research and establish the facts
2. If we do not do our research we must be prepared for Jarroo to "stop us out"

Once we have done our research and know the facts we have three choices:

1. Tell the truth
2. Make something up
3. Start a new group and take credit for everything, pausing only to call Jarroo a girl.

If we do not do this we have no chance in this business people. Period paragraph.
  • #39,504
  • Jul 30, 2009 4:57pm Jul 30, 2009 4:57pm
50% FIB drawn from alltime highs to alltime lows on the weekly chart shows confluence with 81.30-82.00 PPZ Level. Looks like a good area for a nice PA setup

Ross
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  • #39,505
  • Jul 30, 2009 5:36pm Jul 30, 2009 5:36pm
Quoting TiaForex
Oops :

THIS IS CRITICAL

Before typing information about Jarroo we MUST LEARN TO:

1. Do our research and establish the facts
2. If we do not do our research we must be prepared for Jarroo to "stop us out"

Once we have done our research and know the facts we have three choices:

1. Tell the truth
2. Make something up
3. Start a new group and take credit for everything, pausing only to call Jarroo a girl.

If we do not do this we have no chance in this business people. Period paragraph.
LOL, Now I Know Why I Like You Very Much !! (I'm Not Joking, You're Lovable, At Least For Me. I Love Every Post You Send )

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #39,506
  • Jul 30, 2009 5:36pm Jul 30, 2009 5:36pm
Quoting TiaForex
Oops :

THIS IS CRITICAL

Before typing information about Jarroo we MUST LEARN TO:

1. Do our research and establish the facts
2. If we do not do our research we must be prepared for Jarroo to "stop us out"

Once we have done our research and know the facts we have three choices:

1. Tell the truth
2. Make something up
3. Start a new group and take credit for everything, pausing only to call Jarroo a girl.

If we do not do this we have no chance in this business people. Period paragraph.

That's freaking hilarious.
Indicators show the past. Price Action "Indicates" the future.
  • #39,507
  • Jul 30, 2009 5:44pm Jul 30, 2009 5:44pm
Hello,
want to inspire you. I like double tops with hammers
Suggestions welcomed.
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  • #39,508
  • Jul 30, 2009 5:51pm Jul 30, 2009 5:51pm
Quoting TiaForex

3. Start a new group and take credit for everything, pausing only to call Jarroo a girl.
I only wish that I could actually hear you say that with your British accent! That's the funniest thing I have read all week bro!

K.I.S.S.
  • #39,509
  • Jul 30, 2009 6:20pm Jul 30, 2009 6:20pm
Quoting StoragePro
Double top. With Divergence. 2 - 4 hr bar's forming the PB. On the 79.0.

Sorta the stuff we want to see?

Sorta - yep.
Once again I will take your other half. The "created PB" against a weekly/monthly push higher is too much to risk a short term ripple for me. I prefer the wave.
  • #39,510
  • Jul 30, 2009 6:32pm Jul 30, 2009 6:32pm
Quoting KissFan
I only wish that I could actually hear you say that with your British accent! That's the funniest thing I have read all week bro!

K.I.S.S.
This is the James16 Chart thread KISS. Where wishes come true.

Enjoy

Attached File(s)
File Type: zip critical.mp3.zip   514 KB | 681 downloads
  • #39,511
  • Jul 30, 2009 6:39pm Jul 30, 2009 6:39pm
Quoting TiaForex
This is the James16 Chart thread KISS. Where wishes come true.

Enjoy



Good one Tia....lol
Indicators show the past. Price Action "Indicates" the future.
  • #39,512
  • Jul 30, 2009 6:52pm Jul 30, 2009 6:52pm
lol. Like ya style.
Quoting TiaForex
Oops :

THIS IS CRITICAL

Before typing information about Jarroo we MUST LEARN TO:

1. Do our research and establish the facts
2. If we do not do our research we must be prepared for Jarroo to "stop us out"

Once we have done our research and know the facts we have three choices:

1. Tell the truth
2. Make something up
3. Start a new group and take credit for everything, pausing only to call Jarroo a girl.

If we do not do this we have no chance in this business people. Period paragraph.
Bundy's status today: "Waiting..."
  • #39,513
  • Jul 30, 2009 7:23pm Jul 30, 2009 7:23pm
Quoting TiaForex
This is the James16 Chart thread KISS. Where wishes come true.

Enjoy

Oh man! This is way too much! LOL!!! What a way to lighten things up this week. Good one my friend! Good one!

K.I.S.S.
  • #39,514
  • Jul 30, 2009 7:34pm Jul 30, 2009 7:34pm
Interesting series of interviews for everyone here. Especially those starting out.

(from a site someone here linked to today. Can't remember. Was already in the middle of this post. lol. StoragePro?)

Veteran currency trader Interview:- (It's short and sweet)

(When you're done with part 1 , it'll be easier to come back to these links. ...Trust me. )

Part 1

Part 2

Part 3
Bundy's status today: "Waiting..."
  • #39,515
  • Edited 8:08pm Jul 30, 2009 7:51pm | Edited 8:08pm
Hey guys,

So far I had only one trade this week (was too busy reading this thread from the beginning....currently at page 135 busy days).

The gj had a breakout on 4H of double heights, so I entered long 10 pips above the bars heights at 156.41 and got out at 157.43. At 156.80 I thought first to get out because of the crowded heights of the previous bars, but decided to move my stop to BE and continue with the trade.
Then moved my stop to the higher bars heights and price hit my stop before the reserve...so I made pretty 102 pips
Ohh and of curse the break of the bar heights was a break of a PPZ - resistance which became supports, so I enjoined a small SL as well.

Although it was a good trade IMO, can anyone here please share with me reasons why not entering such a trade? This time it was a winner...just want to improve my knowledge.
The reason of myself is the heavy traffic. That's also the reason I thought closing early. Umm...not swing highlow is another point...anything else?


Thank you guys...take care everyone.

Ben
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  • #39,516
  • Jul 30, 2009 7:52pm Jul 30, 2009 7:52pm
More fun and games with the swissie.

I know a chart was posted a few pages back, but what are the thoughts on the 4h GU pin?

Pro
Great location - almost a double top, pokes through one PPZ and just touches the next, then comes right back down
Nice looking bar - long nose, close at the base.. although it does have c > o, but I dont see that as a dealbreaker.

Con
Thats a pretty damn big bullish move on the daily it is fighting
Has stalled for a few girlish bars
Traffic below

Variance
Weekend coming up
(daily) divergence... The shape is weird, it looks divergent but technically we are making a lower high. I dont really use MACD that much, so dont really know. (although it is something I really want to do some work on learning, given the names around here who use it)

Tons of space below if it breaks on H4... could see more movement than a fat woman at a bake sale.

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When you have to shoot, shoot. Dont talk.
  • #39,517
  • Jul 30, 2009 7:59pm Jul 30, 2009 7:59pm
Quoting benji533
Although it was a good trade IMO, can anyone here please share with me reasons why not entering such a trade? This time it was a winner...just want to improve my knowledge.

The reason of myself is the heavy traffic. That's also the reason I thought closing early. Umm...not swing highlow is another point...anything else?
http://www.zix.co.il/images/591040501.jpg
Throw up a chart for everyone to look at
When you have to shoot, shoot. Dont talk.
  • #39,518
  • Jul 30, 2009 8:05pm Jul 30, 2009 8:05pm
Quoting joelcf
Throw up a chart for everyone to look at
Can't you see the chart? I have pasted it on the post.

ok I will attach it to this post (maybe some can't see images which are posted directly).

Thanks

Ben
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  • #39,519
  • Edited 9:59pm Jul 30, 2009 8:28pm | Edited 9:59pm
Quoting joelcf
More fun and games with the swissie.

I know a chart was posted a few pages back, but what are the thoughts on the 4h GU pin?
I took this short...I think it should be good for at least 40 pips before we see any ppz support around 1.7889, maybe even 1.7778 if the FX gods are good to us tonight.

GregB
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  • #39,520
  • Jul 30, 2009 8:47pm Jul 30, 2009 8:47pm
Quoting benji533
Can't you see the chart? I have pasted it on the post.
Sorry, it wasnt showing up - see it now though.

I think it is a nice breakout trade, but it isnt really a j16 type trade. You have a break of a strong PPZ, but nothing else to support it - no real PA (unless there was something on a lower TF?).

There are some guys here that do alot of touch trading/blind entries - but I dont see any of them here right now.

Breakout trades are kinda dicey, because they fail way more than they succeed.

Nice trade management though, your exit is textbook stuff.
When you have to shoot, shoot. Dont talk.
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