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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

  • #41,141
  • Aug 16, 2009 6:45pm Aug 16, 2009 6:45pm
  •  2mas
  • | Joined Apr 2007 | Status: Thanks to James 16 family | 89 Posts
Quoting benji533
Glad to hear that.
Actually I got this kind of thinking and viewing the charts from Mike. I love his style
I love Jim's style as well, but it's different. I think mine will be a combination of them.

Lets see what we can get out of this pair

Ben
woow, James and Mike together, man that's a surefire, you are aiming very high.
I am more greedy though, I love both styles , both are very relaxing, and been trying to add The voodoo man's (Rac) style, the cheeky trading ....

Good luck
  • #41,142
  • Aug 16, 2009 6:46pm Aug 16, 2009 6:46pm
Quoting benji533
Glad to hear that.
Actually I got this kind of thinking and viewing the charts from Mike. I love his style

Lets see what we can get out of this pair

Ben

BTW I am looking tightly at the USDCHF. I think it can be very interesting when it will break.
In the meantime I am looking for trades off the tunnel edges with PA confirmation like James does.

Ben


http://img249.imageshack.us/img249/7153/99i.jpg
  • #41,143
  • Aug 16, 2009 6:50pm Aug 16, 2009 6:50pm
Quoting 2mas
woow, James and Mike together, man that's a surefire, you are aiming very high.
I am more greedy though, I love both styles , both are very relaxing, and been trying to add The voodoo man's (Rac) style, the cheeky trading ....

Good luck
LOL just edited that post for people that can get me wrong. I meant to say a combination of their styles.....but being a good trader like them will be quite hard I think lol

Thanks bro! take care

Ben
  • #41,144
  • Aug 16, 2009 7:54pm Aug 16, 2009 7:54pm
A lot great setups tonight.

I am in the Weekly DBHLC Gbp/Jpy the 155.00 is a key level to break, (meaning its where I move to breakeven.)

Some mixed feeling on the Aud/Usd Daily BEOB, but its a classic in my book.

There's a lot out there.
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Indicators show the past. Price Action "Indicates" the future.
  • #41,145
  • Aug 16, 2009 7:59pm Aug 16, 2009 7:59pm
nice break on aud/usd
  • #41,146
  • Aug 16, 2009 7:59pm Aug 16, 2009 7:59pm
Nzd/Usd Daily PB. Nice.
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Indicators show the past. Price Action "Indicates" the future.
  • #41,147
  • Aug 16, 2009 8:02pm Aug 16, 2009 8:02pm
Quoting datogio
nice break on aud/usd
Nice datogio. Nice break on the Gbp/Jpy as well.

I like when my orders are filled with a POP!
Indicators show the past. Price Action "Indicates" the future.
  • #41,148
  • Aug 16, 2009 8:05pm Aug 16, 2009 8:05pm
Quoting jarroo
Nice datogio. Nice break on the Gbp/Jpy as well.

I like when my orders are filled with a POP!
yep market is giving away a lot of gift today, lets see
  • #41,149
  • Aug 16, 2009 8:07pm Aug 16, 2009 8:07pm
Quoting datogio
yep market is giving away a lot of gift today, lets see
Trend setting Mondays . . .maybe.
Indicators show the past. Price Action "Indicates" the future.
  • #41,150
  • Aug 16, 2009 8:14pm Aug 16, 2009 8:14pm
Quoting mike w
And yet another daily IB on the eur/usd. This one is from 8-11-2009.

You'll notice this IB broke bottomside right? Go to the lower timeframe (4hr). That IS the lower timeframe.

The range from 8-11 is noted by the blue box. DID WE SEE A CLOSE BELOW? A Close, not a break. NO. Why trade it when it's going right back into the range? Then what happens? It breaks topside. Did we see a close after it broke topside ABOVE the range? Yup.

You could enter on a retracement back to the range or right there. Either way, it went right back to the resistance...
Hey mike w. Quick question on the IB "Close". Is it just the "Close" of a candle (blue) or is it what ghous had illustrated as the close of the entire candle (green), meaning the "Open and Close" of the candle? (purple are the false breaks).

Thanks,

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #41,151
  • Aug 16, 2009 8:27pm Aug 16, 2009 8:27pm
Quoting mike w
Daily IB's are just like MBQB11's breakouts on the 4 hour. Check that out if you never have. In fact, read all of his posts. Do it. do it now. do it.
lol. Was sooo about to post that same info.

I LOVE IBs. Have for a while. When I see one , I take notice. When they start to stack together my saliva glands go in to overdrive. To say they are like Mikes break outs . ...ahuh... yep.
Bundy's status today: "Waiting..."
  • #41,152
  • Edited 8:40pm Aug 16, 2009 8:28pm | Edited 8:40pm
Quoting ljr
This isn't a pair I have traded before but noticed this Pin bar on the daily. This is the 3rd time price has made an attempt at this level. 09/12/2005, 29/02/2008 and 14/08/2009. My data doesn't go back before 2005 so I cannot see any other confluence.
I'm liking your long also on GBPNZD (niether oanda or MBT or IBFX offer this pair...WTF?)

So, FxPro will have to do....

What I like about this GBPNZD long is that the PA bounced off of a low (support) from Feb/08 and is now sitting on a ppz (low from Jan/09)....nothing to stop it till ppz at 2.4824 (300 pip window of opp). PA has so far respected 2 ppz's....

GregB
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  • #41,153
  • Edited 8:57pm Aug 16, 2009 8:47pm | Edited 8:57pm
I am considering these tweezer tops (I'm a sucker for a nice set of tweezer tops) for a short UJ.......what do you guys think?

I'm very bullish on UJ for long term....once she breaks out of bullish flag....we could see some mega pips....but for now, till it breaks out, this is lookin like a half decent short.

Any comments?

GregB
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  • #41,154
  • Aug 16, 2009 9:05pm Aug 16, 2009 9:05pm
Quoting batesmotel
I am considering these tweezer tops (I'm a sucker for a nice set of tweezer tops) for a short UJ.......what do you guys think?
Not sure I've ever heard tweezer tops as J16 PA setup. I'd stick with the bars that are known to work.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #41,155
  • Aug 16, 2009 9:06pm Aug 16, 2009 9:06pm
Quoting LasVahGoose
Not sure I've ever heard tweezer tops as J16 PA setup. I'd stick with the bars that are known to work.
Tweezer tops = 2 bar pin in our lingo
  • #41,156
  • Aug 16, 2009 9:10pm Aug 16, 2009 9:10pm
isn't it similar to dbhlc? Apart from the uj example the close isn't lower than previous candle. Still imo tweezers are a decent reversal signal anyway. Im keeping a close on it I think 94.40 is a slight concern though?
  • #41,157
  • Aug 16, 2009 9:10pm Aug 16, 2009 9:10pm
Quoting LasVahGoose
Not sure I've ever heard tweezer tops as J16 PA setup. I'd stick with the bars that are known to work.
I think tweezer tops is just a Japanese way of describing a 2 bar reversal or 2 week Bearish PB....

GregB
  • #41,158
  • Aug 16, 2009 9:23pm Aug 16, 2009 9:23pm
Quoting scott087
Tweezer tops = 2 bar pin in our lingo
That's some pretty high speed low drag lingo you got there.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #41,159
  • Aug 16, 2009 9:26pm Aug 16, 2009 9:26pm
Her ya go GB. Good night all. I'll be back up in a few hrs to see if A/U showed me any love while I was asleep. There is a flicker of light for longs on the hourly right now. Maybe this is it?

K.I.S.S.
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  • #41,160
  • Aug 16, 2009 9:31pm Aug 16, 2009 9:31pm
Quoting KissFan
Her ya go GB. Good night all. I'll be back up in a few hrs to see if A/U showed me any love while I was asleep. There is a flicker of light for longs on the hourly right now. Maybe this is it?

K.I.S.S.
Ah! Someone that speaks my language. Thanks man.
Don't wish it were easier, wish you were better. ~ Jim Rohn
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