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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

  • #44,541
  • Sep 24, 2009 6:01pm Sep 24, 2009 6:01pm
Quoting jarroo
Excellent SP as always.
This is a great way to manage a profitable trade and keep it profiable with room to grow.

If I could add one more stop loss placement when an opposing PA setup presents itself against your trade. Look for the 1st target that the crappy, good or great PA (PB in this case) would reach and hide your stop loss there.

Sorry I can't post charts right now. Maybe dmc (or someone else) could show us if that PB broke, where is the 1st trouble area it would reach? (4 hour Cad)
There you go Jaroo.
No break here. Price holding strong!
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  • #44,542
  • Sep 24, 2009 6:02pm Sep 24, 2009 6:02pm
Quoting pavulon2007
I'm not going to say anything revolutionary if I join the crowd and thank j16 and everybody else for this thread and enormous amount of valuable info. I've been learning here for several months and improved a lot. I was a member of PF for a while too and since then it's all about location- confluence- PA- corellation. I think i saved myself a lot of money thanks too an honest approach of j16 and the gang.
Anyways I've got a question. What is going on with oil chart on Fxpro mt4 ? I mean CLV expired yesterday but why the new one isn't available?...
Ok I got it. Right mouse click on Market Watch window and Show All. This refreshes all contracts. In case anybody was wondering...
  • #44,543
  • Sep 24, 2009 6:06pm Sep 24, 2009 6:06pm
Quoting Rocket!
There you go Jaroo.
No break here. Price holding strong!
That yellow PPZ is going to be troublesome... IMHO of course. Check it out on the daily - I say, there are better places to place a bet - if you are looking at the table.

RAC might just get his wish and and the UC will float up a bit - but not like he wants - not yet... December perhaps.
I'm pretty much done with all this ...
  • #44,544
  • Sep 24, 2009 6:18pm Sep 24, 2009 6:18pm
Quoting StoragePro
That yellow PPZ is going to be troublesome... IMHO of course. Check it out on the daily - I say, there are better places to place a bet - if you are looking at the table.

RAC might just get his wish and and the UC will float up a bit - but not like he wants - not yet... December perhaps.
yeah this one looks more like a pause pin / little profit taking then anything worth trading into those highs right under it
  • #44,545
  • Sep 24, 2009 6:21pm Sep 24, 2009 6:21pm
Quoting StoragePro
That yellow PPZ is going to be troublesome... IMHO of course. Check it out on the daily - I say, there are better places to place a bet - if you are looking at the table.

RAC might just get his wish and and the UC will float up a bit - but not like he wants - not yet... December perhaps.
Totally agree SP - wouldn't touch UC with a bargepoll at the minute. No big PA. Loads of traffic. No brainer. Just posting up the chart Jaroo wanted. At least I think thats what he wanted...
  • #44,546
  • Sep 24, 2009 6:34pm Sep 24, 2009 6:34pm
"Let's say, I just took advantage of people locking profit on certain crosses.
When every one wants out, you get a snowball rolling and there is no mercy for greed.."

I think there were some clues that those oil lovers are going bye bye and uc will travel north. Besides rac mentioned sth few times before and I am personally convinced that these rumors moved the market ... next to the cristal ball ofcourse
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  • #44,547
  • Sep 24, 2009 6:48pm Sep 24, 2009 6:48pm
Quoting mbqb11
yeah this one looks more like a pause pin / little profit taking then anything worth trading into those highs right under it
D'oh! I must be up the creek without a paddle if the whole gang is indifferent on that usd/cad. I see it as prime time down to 1.0850 to be honest. Big pin at a high and if I wait for the retracement, I'll normally know by that point whether it's still good or not, so I can jump in for a very small risk. It looks like that point is coming up soon so I'll jump down to the lowers and see how price is reacting in the "bucket area".

Right now, I'm looking to feel out all the WHYS of why you don't think it's too hot, but I'm really not seeing it. lol

EDIT: So far so good in the bucket based on the 15 minute timeframe. We'll see how it closes and whether or not I get in at a solid price.
I dream, therefore I become.
  • #44,548
  • Sep 24, 2009 6:53pm Sep 24, 2009 6:53pm
Quoting mike w
D'oh! I must be up the creek without a paddle if the whole gang is indifferent on that usd/cad. I see it as prime time down to 1.0850 to be honest. Big pin at a high and if I wait for the retracement, I'll normally know by that point whether it's still good or not, so I can jump in for a very small risk. It looks like that point is coming up soon so I'll jump down to the lowers and see how price is reacting in the "bucket area".
Don't be persuaded by me though

I just see a huge bullish move small pin, with a lot of support at 1.0850(we both agree on that which is probably the msot important point). I could see a small retrace before a resumption. Still hasn't broke the low on mine. There is a high from sept 15 if that can hold it down it would happen around now, if not up up and away it looks like.

Mike W has been at this awhile, so he knows the forums are where we share ideas not where we trade off others. One trade doesn't make a method.
  • #44,549
  • Sep 24, 2009 7:06pm Sep 24, 2009 7:06pm
Quoting mbqb11
Don't be persuaded by me though

I just see a huge bullish move small pin, with a lot of support at 1.0850(we both agree on that which is probably the msot important point). I could see a small retrace before a resumption. Still hasn't broke the low on mine. There is a high from sept 15 if that can hold it down it would happen around now, if not up up and away it looks like.

Mike W has been at this awhile, so he knows the forums are where we share ideas not where we trade off others. One trade doesn't make a method.
No worries brother, I don't let any other trades persuade my decisions- I've done that in the past and been screwed for it lol

I hear ya on that, and I see the same as well. If this does well off the 1.0915 area, I'll be in it for sure.

I also agree on the retrace before PRESUMPTION. Based on the dailies, that is a no brainer in this situation. I've taken this trade a LOT and from my experience after a run up like that, quite a large amount of the time we will see that retracement. I've made money on it before and so I'm going to trade it again tonight.

I'm also basing a large spot of this on that september 15th high AND other highs/lows throughout history at this level. To me, they are there and clear.

And agreed on the last part my man as well. If I lose this trade and see another identical to it in the future, I'll most likely trade that one as well. One trade means nothing, it's the thousands of trades over time that mean something.

BTW, on the chart, the first arrow denotes the bucket area and the second shows the rejection off of it. I'm in at 1.0905 with a stop at 1.0922. If it trumps that area, for me that says there is too much momentum.
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I dream, therefore I become.
  • #44,550
  • Sep 24, 2009 7:12pm Sep 24, 2009 7:12pm
Quoting mike w
No worries brother, I don't let any other trades persuade my decisions- I've done that in the past and been screwed for it lol

I hear ya on that, and I see the same as well....

awesome Mike

I think this has more potential on a retrace then on a break

Mike
  • #44,551
  • Sep 24, 2009 7:41pm Sep 24, 2009 7:41pm
Quoting mike w
D'oh! I must be up the creek without a paddle if the whole gang is indifferent on that usd/cad. I see it as prime time down to 1.0850 to be honest. Big pin at a high and if I wait for the retracement, I'll normally know by that point whether it's still good or not, so I can jump in for a very small risk. It looks like that point is coming up soon so I'll jump down to the lowers and see how price is reacting in the "bucket area".

Right now, I'm looking to feel out all the WHYS of why you don't think it's too hot, but I'm really not seeing it....
I have an order sitting at the bottom of the pin, 1.0855. Right now price is right under my trendline so I am waiting to see if it breaks it or not or if it gets past my stop at 1.0920. If it doesn't then I am going to leave my order in and see how it goes. It's demo anyway.
  • #44,552
  • Edited 8:38pm Sep 24, 2009 8:09pm | Edited 8:38pm
Quoting pavulon2007
I think there were some clues that those oil lovers are going bye bye and uc will travel north. Besides rac mentioned sth few times before and I am personally convinced that these rumors moved the market ... next to the cristal ball ofcourse
Those moves has alot less to do with arbitary trendlines, and alot more to do with the FOMC announcement and existing homes releases last night.

Quoting mbqb11
Mike W has been at this awhile, so he knows the forums are where we share ideas not where we trade off others. One trade doesn't make a method.
I used to read mike_w's posts back in here, the DIBs and AUSLANCO threads what seems like forever ago. Good stuff. Real good stuff.

Quoting mike w
Your trying to do the same thing I did man....listen to me on this. Get the knowledge first. You will completely screw yourself if you don't. You'll end up in a bad trade and then, trying to get out of it or trying to make it ride, lose your equity. There is no fast way to money without empowering yourself with the knowledge of how to make the money in the first place. If I want to play the guitar, I can't just pick it up and play some Hendrix or Grateful Dead without learning the basics first. If you want the knowledge, go to the place where...
(had this one taped up for a while... cant seem to find the others, it wont let me search that far back lol)

Add this to smjones, DarkStar and tehuringa all making comeback appearances recently... there must be some kind of oldschool conspiracy in the works...
When you have to shoot, shoot. Dont talk.
  • #44,553
  • Sep 24, 2009 8:58pm Sep 24, 2009 8:58pm
Quoting joelcf
Those moves has alot less to do with arbitary trendlines..........
Add this to smjones, DarkStar and tehuringa all making comeback appearances recently... there must be some kind of oldschool conspiracy in the works...
Sir,
I LOVE IT!!!!!!!!!!!! Can u tell that i really love it?
i will never forget the days back in June, see my post here (& the 3 links within it).


Quoting supremeChaos
Rainmaker,
.... i have a good, eagle eye on the good people on FF, specially those found on this thread......
Yesterday/the other day , baddison & Antra were online too.
The attendance sheet is getting better & more interesting if u ask me. Hopefully this 'phenomenon' continues on...
& to my surprise, it DOES.... much like an expected PPZ/S&R, lol
(Rare for me to be) 200% sure, that Sir james16 is part of the reason for this 'phenomenon'.
i hope this is the beginning of FF's "resurrection", rather than a beginning to the end of FF.

Quoting supremeChaos
LOL. this post seem to have "back-fired" in a good way. As i now see Rainmaker online.
Positive snowball effect. the two good guys i've mentioned are attracting more good people.
  • #44,554
  • Sep 24, 2009 9:28pm Sep 24, 2009 9:28pm
Quoting supremeChaos
i hope this is the beginning of FF's "resurrection", rather than a beginning to the end of FF.
After browsing through some of the other popular threads on FF, closing it would probably be the best trading system ever released.

The average return of the overall userbase would shoot through the roof once people stopped gambing on most of what I saw...
When you have to shoot, shoot. Dont talk.
  • #44,555
  • Sep 24, 2009 9:30pm Sep 24, 2009 9:30pm
What was up on the GBPAUD?? 120 pips in 15 minutes and NO bar to get in!!! WTF Joel - help a brother out?

and the AUDJPY this evening moved 64 pips in a hour - headed by a BEOB (Thanks man!) (3R... )

Then the AUDUSD threw a hard fake - moved a bit, and stopped and is ranging - I got out at BE, but sheesh. What is up with all the fireworks (except the AU - could have used some money flow man...)

Heh heh... just having some fun... Nice evening tonight. That AU could have been better though....
I'm pretty much done with all this ...
  • #44,556
  • Sep 24, 2009 9:31pm Sep 24, 2009 9:31pm
Quoting joelcf
After browsing through some of the other popular threads on FF, closing it would probably be the best trading system ever released.

The average return of the overall userbase would shoot through the roof once people stopped gambing on most of what I saw...
Stop messin' with the liquidity Joel...

I'm having a brewski!
I'm pretty much done with all this ...
  • #44,557
  • Sep 24, 2009 9:36pm Sep 24, 2009 9:36pm
Quoting StoragePro
What was up on the GBPAUD?? 120 pips in 15 minutes and NO bar to get in!!! WTF Joel - help a brother out?

and the AUDJPY this evening moved 64 pips in a hour - headed by a BEOB (Thanks man!) (3R... )

Then the AUDUSD threw a hard fake - moved a bit, and stopped and is ranging - I got out at BE, but sheesh. What is up with all the fireworks (except the AU - could have used some money flow man...)
I see you have been hanging out with my old drinking buddy, Risk Aversion Play Explosion.

The acronym describes what happens to your account if you are long the aussie on bad economic news
When you have to shoot, shoot. Dont talk.
  • #44,558
  • Sep 24, 2009 9:37pm Sep 24, 2009 9:37pm
Quoting joelcf
I see you have been hanging out with my old drinking buddy, Risk Aversion Play Explosion.

The acronym describes what happens to your account if you are long the aussie on bad economic news
I stopped hanging with that dude.... I just plays the bars baby - that is where the wimmen hang out.
I'm pretty much done with all this ...
  • #44,559
  • Sep 24, 2009 9:39pm Sep 24, 2009 9:39pm
Quoting StoragePro
Stop messin' with the liquidity Joel...
haha. Maybe that is Jim/Merlin/etc's plan:

1. Start forum
2. Trade against whatever is posted outside this thread
3. $$
When you have to shoot, shoot. Dont talk.
  • #44,560
  • Sep 24, 2009 9:47pm Sep 24, 2009 9:47pm
Quoting joelcf
haha. Maybe that is Jim/Merlin/etc's plan:

1. Start forum
2. Trade against whatever is posted outside this thread
3. $$
You might be on to something. There was a time where you could take the opposite of my entries - with a 20 pip SL and win 80% of the time.
I'm pretty much done with all this ...
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