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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

  • #42,101
  • Aug 25, 2009 11:33pm Aug 25, 2009 11:33pm
Quoting supremeChaos
eurgbp long has been in order. check out eurgbp H4 & up charts.
yes, im waiting for the time that gbp & all its crosses will tank. they have been prolonging the tanking too much.
Well it (eurgpb) could be in order for a long term Long....but there is lots of time to get in....There is one HUGE Honking Bullish Penant forming on the weekly TF....If techs are correct with targets, and IF the EurGbp breaks that penant, techs tell us that it should launch to target .9800 (1000 pips)....But I wouldn't be completely bullish until it hard breaks .8800

GregB
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  • #42,102
  • Aug 25, 2009 11:33pm Aug 25, 2009 11:33pm
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
really, I picked the wrong pair? thanks for telling. when you say year 2, meaning 2 years of data on most of the pairs, only fiber and cable would do the job ( I don't trade miniS&P,neither miniDJI for the moment? )

Quoting Icehocey77
yeah spread being what it is, the only ones you can really play effectively are the fiber and cable. On year 2 of backtesting the M5 fiber, live demoing the M5 fiber, cable, miniS&P, and miniDJI.
  • #42,103
  • Aug 25, 2009 11:36pm Aug 25, 2009 11:36pm
Quoting krue
really, I picked the wrong pair? thanks for telling. when you say year 2, meaning 2 years of data on most of the pairs, only fiber and cable would do the job ( I don't trade miniS&P,neither miniDJI for the moment? )
yeah, I believe ryan only trades the fiber. I have forex tester and have data from 2001-2009, right in the middle of 2002 up about 13% to date.
  • #42,104
  • Aug 25, 2009 11:52pm Aug 25, 2009 11:52pm
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
that's amazing, one can concentrate on specialty, very good

Quoting Icehocey77
yeah, I believe ryan only trades the fiber. I have forex tester and have data from 2001-2009, right in the middle of 2002 up about 13% to date.
  • #42,105
  • Aug 25, 2009 11:55pm Aug 25, 2009 11:55pm
Quoting krue
really, I picked the wrong pair? thanks for telling. when you say year 2, meaning 2 years of data on most of the pairs, only fiber and cable would do the job ( I don't trade miniS&P,neither miniDJI for the moment? )
I TRADE GU,EU,EJ,AND UJ ON 5M. AT THE MOMENT UJ SPREAD IS 1.5 ON FxPro...
GRAHAM
  • #42,106
  • Aug 26, 2009 12:01am Aug 26, 2009 12:01am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
my mistake, when I said spread big, it was referred to visual reading in M5 tf, checked out the pips later, it seems about right, I am using FXCM.

Quoting Janegra
I TRADE GU,EU,EJ,AND UJ ON 5M. AT THE MOMENT UJ SPREAD IS 1.5 ON FxPro...
GRAHAM
  • #42,107
  • Aug 26, 2009 12:37am Aug 26, 2009 12:37am
Quoting krue
usually i don't do this, very skill demanding system, just for a little adventure while feel boring. didn't expect the spread is so big, first time doing this. not sure if Ryanmcd would agree on my entry point.
Are u playing a 2-bar PB here?
I hope u are trading demo when u are bored.

btw, u are better off posting this kind of trades on Jankone's thread. it specifically caters to scalping + Ryanmcd + J16 PA.




diggsnoob: caught u online again. lol
  • #42,108
  • Aug 26, 2009 1:22am Aug 26, 2009 1:22am
45 easy pips? why not?
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  • #42,109
  • Aug 26, 2009 1:24am Aug 26, 2009 1:24am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
I only post here, SupremeChaos, if catchya online, it will be only here.

Quoting supremeChaos
Are u playing a 2-bar PB here?
I hope u are trading demo when u are bored.

btw, u are better off posting this kind of trades on Jankone's thread. it specifically caters to scalping + Ryanmcd + J16 PA.




diggsnoob: caught u online again. lol
  • #42,110
  • Aug 26, 2009 1:39am Aug 26, 2009 1:39am
krue,
Oh, i see.
that must mean u seldom get bored. that's great.
  • #42,111
  • Aug 26, 2009 1:48am Aug 26, 2009 1:48am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
not exactly, I feel bored often, but, very disciplined not to post the un-necessity, I guess you didn't see many of these from me ??? liked the colors you put on my screen, I guess welcomed by many other screens too.

Quoting supremeChaos
krue,
Oh, i see.
that must mean u seldom get bored. that's great.
  • #42,112
  • Aug 26, 2009 3:14am Aug 26, 2009 3:14am
Quoting benji533
Hey thanks for the comment bro!

By the way, I am saving a log of all my trades.
As long as I have a plan, reasons, knowledge of support, resistance and price action, I am never wrong.

I save a log of all my trades in separate folders, with my thought process, conditions, pictures size of bar, etc.....and at the end of every trade I go and write my results plus comments and what I have learned.

That trade is on my demo, so it's ok whatever will be the result, I'll learn from it.

My plan is to save enough money so when I'm ready, I will be able...
Don't they like tie you up by not allowing you to withdraw all the money till "0" account balance?

sheesh!
I believe . . .
  • #42,113
  • Aug 26, 2009 3:22am Aug 26, 2009 3:22am
Quoting joelcf
Erm, I meant... something about a second elliot wave retracement to an astropivot EMA on the RSI divergence cross!
Can you post astropivot EMA indicator with settings please. Thanks.
  • #42,114
  • Aug 26, 2009 3:55am Aug 26, 2009 3:55am
Quoting ghous
I have it 30 pips away
Understanding the role of ppzs is an important step towards a good long friendly relationship with them,

What price did and why it did what it did shouldn't surprise you,

I would be extremely sorry for anybody who blames a "friend" for a loss on this one.

g
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I believe . . .
  • #42,115
  • Aug 26, 2009 4:39am Aug 26, 2009 4:39am
Hi all,

I'm short in this pair, PB on the daily, confirmed on the 4H & 1H, PB's from a significant resistance area.

Against a steep trend but retraced significantly so very tight stop.

Any commets appreciated as I'm pretty new to this.

Cheers
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  • #42,116
  • Aug 26, 2009 4:51am Aug 26, 2009 4:51am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
buovb at the bottom of channel
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  • #42,117
  • Aug 26, 2009 5:27am Aug 26, 2009 5:27am
Quoting krue
buovb at the bottom of channel
Good one krue.. My orders were triggered as well on this pair.
hope it could hold for long
  • #42,118
  • Aug 26, 2009 5:34am Aug 26, 2009 5:34am
Quoting krue
buovb at the bottom of channel
Me too, slightly tighter stop (1.0775) with a way shorter profit target for first half though (Just under 1.10). Watch out for the bar highs and lows at 1.10.
May all your fits be loose.
  • #42,119
  • Aug 26, 2009 5:39am Aug 26, 2009 5:39am
Caught a nice breakout on USDCAD 4H. Went straight to where I expected too, which is always nice



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Only other thing that interests me so far tonight is the 4H AUDJPY outside bar. Obvious PPZ below.

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Quoting TiaForex
Can you post astropivot EMA indicator with settings please. Thanks.
Shouldnt you be demanding backtest data and account statements, otherwise you will refuse to use my free method/indicator?
When you have to shoot, shoot. Dont talk.
  • #42,120
  • Aug 26, 2009 6:18am Aug 26, 2009 6:18am
Hello every one,

GU is breaking its PPZ, 365 EMA (4H) and Trend line.

GJ is breaking its PPZ, 89 SMA (Daily), Breaking IB (4H+Daily) and tested Trend Line several times and broke it.But its also sitting at 61.8% retracment level.
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