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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

  • #44,921
  • Sep 30, 2009 1:02am Sep 30, 2009 1:02am
Posted this chart in the PF. Too many confluences for me to not take this trade. There are a few road blocks along the way and she may not get down to break the previous low but risk will be reduced along the way and hopefully some green locked in too. Lets see if anybody turns up to my party.

Letitride

p.s don't mind my fibs yes they are upside down in reagards to traditional standards
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  • #44,922
  • Edited 1:21am Sep 30, 2009 1:09am | Edited 1:21am
Quoting Dale
Any one else in this one?

I didn't catch this one (I'm in too many positions lol) but was watching it.

I was smiling like the butcher's dog.

Beautiful retest on the 1.6000.
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Indicators show the past. Price Action "Indicates" the future.
  • #44,923
  • Sep 30, 2009 1:09am Sep 30, 2009 1:09am
This is almost looking good for a sell Jarroo, what do you see?
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  • #44,924
  • Sep 30, 2009 1:13am Sep 30, 2009 1:13am
Quoting Dale
Any one else in this one?
Was. Kind of because of the IB. Only rode it to 6030 area though.

Thought we'd get a better pullback after that target was hit. (38.2% since sept. 23 high and recent history at level)
Bundy's status today: "Waiting..."
  • #44,925
  • Sep 30, 2009 1:17am Sep 30, 2009 1:17am
Quoting letitride
p.s don't mind my fibs yes they are upside down in reagards to traditional standards
I wouldnt worry too much... fib levels are alot less mystical when you look at what (100 - 61.8) or (100 - 38.2) equal...
When you have to shoot, shoot. Dont talk.
  • #44,926
  • Sep 30, 2009 1:18am Sep 30, 2009 1:18am
Quoting jarroo
I didn't catch this one (I'm in too many position lol) but was watching it.

I was smiling like the butcher's dog.

Beautiful retest on the 1.6000.
Didn't it ever! lol

Too quick for me to catch . (Too busy ironing my jeans. lol)

Like I said, was wanting a deeper pullback. Oh well, back to waiting.
Bundy's status today: "Waiting..."
  • #44,927
  • Sep 30, 2009 1:18am Sep 30, 2009 1:18am
Quote
Was. Kind of because of the IB. Only rode it to 6030 area though


Works for me, I'm glad you got some of it.


Dale
  • #44,928
  • Sep 30, 2009 1:20am Sep 30, 2009 1:20am
Quoting Dale
This is almost looking good for a sell Jarroo, what do you see?
I think we are going to test the strength of that 0.9080ish level. And then PA may tell us where we're going from there.
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Indicators show the past. Price Action "Indicates" the future.
  • #44,929
  • Sep 30, 2009 1:24am Sep 30, 2009 1:24am
I may join you on this on if I can get a low risk entry.


Thanks Jarroo


Dale
  • #44,930
  • Sep 30, 2009 1:29am Sep 30, 2009 1:29am
Quoting Dale
I may join you on this on if I can get a low risk entry.


Thanks Jarroo

Dale
That 0.9080ish level looks very strong on the Daily. Should be fun to watch when (if) it gets there.
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Indicators show the past. Price Action "Indicates" the future.
  • #44,931
  • Sep 30, 2009 1:43am Sep 30, 2009 1:43am
I cannot tell you guys how helpful this thread is!!!

I am currently on the PB break on GBp/JPY at 143.17 and the EUR/GBP PIn bar break... I have had the guts to hold onto these trades for larger wins then I am used to at the moment, because I turned off my brokers broadcast of my wins/losses. Now I am just looking at the chart. It is SOOO freeing...

....Hello New World, Here I come!


-Thank You-
Dr. C
  • #44,932
  • Sep 30, 2009 1:57am Sep 30, 2009 1:57am
Quote
Now I am just looking at the chart. It is SOOO freeing...

Awsome CVCamper.


Dale
  • #44,933
  • Sep 30, 2009 1:59am Sep 30, 2009 1:59am
Quoting jarroo
I think we are going to test the strength of that 0.9080ish level. And then PA may tell us where we're going from there.
you beat me to it!! lol, was gonna post the new low. i love moves like this one, a nice drop...bank some profits, then some retrace, then a drop...move stop to above the retrace highs.....makes it easy enough to manage even for me!!!
i agree, i also think that is the level to watch.
jon
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PATIENCE... DISCIPLINE
  • #44,934
  • Sep 30, 2009 2:03am Sep 30, 2009 2:03am
Quoting g_j_hook@yah
you beat me to it!! lol, was gonna post the new low. i love moves like this one, a nice drop...bank some profits, then some retrace, then a drop...move stop to above the retrace highs.....makes it easy enough to manage even for me!!!
i agree, i also think that is the level to watch.
jon
Nice jon.

The level is probably more the 0.9100 level then the 0.9080ish. The 0.9080 level seemed to have more touches in the past. But we all know about those wonderful round numbers.
Indicators show the past. Price Action "Indicates" the future.
  • #44,935
  • Sep 30, 2009 2:20am Sep 30, 2009 2:20am
Quoting jarroo
Price Action Rules!

I love when Price fullfills itself right where we knew it would. (Daily chart)

Initial stop loss below the left eye (near the bar that breaks). Half off for 32 pips, 2nd half stop loss unmoved from the left eye, -30.

Price currently retesting (respecting) the PB break. (30min chart)
To those that asked, Yes I'm still in this trade on the U/J.
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Indicators show the past. Price Action "Indicates" the future.
  • #44,936
  • Sep 30, 2009 2:29am Sep 30, 2009 2:29am
Wow, its been a while...........great to see the pro's are still around (G J Hook@yah, Jaroo, mike etc) not too mention all the new names.

im short EG along with a fair few of you in this thread here i imagine. Its optimistic but if we break 0.9080, i might keep an eye out for a H&S on the 4H.

enjoy
rich
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  • #44,937
  • Edited 3:37am Sep 30, 2009 2:44am | Edited 3:37am
for those of you who trade 1H TF.

UC has some nice confluence, candle closes in 20mins, watching for a pin on my feed.
confluence of 50, 61.8 fibs, TL, whole number and slight divergence

lets see

edit: blind entry on close. micro lot. target 1.0832
stopped out - reason : blind entry, no great confirming price action.

i deserved it.
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  • #44,938
  • Sep 30, 2009 2:49am Sep 30, 2009 2:49am
Quoting cvcamper
I cannot tell you guys how helpful this thread is!!!
....
....Hello New World, Here I come!
Good to hear that!




On another positive note:
James16 thread is approaching the 3000-page Round Number (based on default page count)
  • #44,939
  • Sep 30, 2009 3:09am Sep 30, 2009 3:09am
James16 thread is approaching the 3000-page Round Number (based on default page count) [/quote]

impressive.....3000 pages of the most useful trading information ever!

applause!!! standing ovation even
  • #44,940
  • Sep 30, 2009 3:09am Sep 30, 2009 3:09am
Quoting jarroo
Nice jon.

The level is probably more the 0.9100 level then the 0.9080ish. The 0.9080 level seemed to have more touches in the past. But we all know about those wonderful round numbers.
lets hope so!! that it means it could already be on its way down!!!
Actually i have support marked at around .9050 - .9080,and am considering making that my target, or at least i will be tightening my stops right up at that point??(.9050)
jon

p.s. just hit the + 3 figures for a second or two then!!! i love that!! hehe
PATIENCE... DISCIPLINE
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