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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

  • #45,021
  • Oct 1, 2009 5:50am Oct 1, 2009 5:50am
Quoting fxprocessor
I am not involved in this pin as it did not break 90.00 with any conviction. The pin is nice though and a retrace entry would interest me possibly with lower time frame PA as a signal to go long.

If it does break 90 it will be nice moving stop below this round number and letting it run potentially.

Nobody can tell you what to do though. It depends on your rules.
Cheers

fxp
Well, normally I would kill the trade couse momentum is lost, and I don't like waiting days to price make up its mind which way to move. Got a filling this can nicelly go up in next days, so I'm leaving it running with pulling S/L little closer.

Tnx
  • #45,022
  • Oct 1, 2009 6:09am Oct 1, 2009 6:09am
Quoting bundyraider
Nice Josh.

I'd have taken it if I'd seen as per your chart.
...Bit late saying that now , I know. lol

Super low close in the bar. Breaking and closing below the low that was set by those two previous bars before it (love that). Nice location.
I should clarify... I'm in from the daily pin. My stop was moved up to 0.9180 and the overnight action nearly took me out. I did Not add on at the BEOB, as I was snoozing.

Would love to see it invalidate yesterday's bullish pinbar (daily)... which would nearly coincide with my 2R exit. In any case, my work is done with this trade... just have to let it work now (to either hit my stop at b/e or my 2R profit)...

Josh


Josh
  • #45,023
  • Oct 1, 2009 7:21am Oct 1, 2009 7:21am
Quoting suunto
gays what do you think about that?

(Not that there's anything wrong with that)


EJ......Daily BEOB.....lookin nize
  • #45,024
  • Oct 1, 2009 8:36am Oct 1, 2009 8:36am
Quoting Cyrus
Hey guys,

Posts from the seniors and the other frequent dudes here.

From pages 2500 to 3000

My little tribute to the J16 thread =)

I hope to get up to speed faster and contribute some proper content soon.

All credit to Michael once again. This wouldn't be remotely possible without him.

PS:
Have included the legendary Darkstar. Awesome man. Just awesome.
Gotta read it
hey cyrus
thanks for your tribute. it helps to organise the learning process. good luck
  • #45,025
  • Oct 1, 2009 8:36am Oct 1, 2009 8:36am
Afternoon all.... this may be one to watch?

nice looking pin forming on the 4h @ a good sup lvl

regards
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  • #45,026
  • Edited 9:14am Oct 1, 2009 9:04am | Edited 9:14am
Quoting icarusfx
Afternoon all.... this may be one to watch?

nice looking pin forming on the 4h @ a good sup lvl

regards
Hello icarus!

A couple of weeks ago I would have certainly taken that, but not anymore after watching several Mike's golden videos. There are some previous low's right above. Could go through them, however. Just my thought, I'm a newbie.
  • #45,027
  • Oct 1, 2009 9:10am Oct 1, 2009 9:10am
Quoting FinnTrader
Hello icarus!

A couple of weeks ago I would have certainly taken that, but not anymore after watching several Mike's golden videos. There are some previous low's right above. Could go through them, however. I'm just a newbie.
no your quite right finntrader I'd be looking for a good break to enter.
  • #45,028
  • Oct 1, 2009 9:12am Oct 1, 2009 9:12am
Quoting suunto
gays what do you think about that?
If you're also soliciting opinions from heterosexuals, I'd say it looks pretty good, and that you are already managing it well...
  • #45,029
  • Edited 9:45am Oct 1, 2009 9:44am | Edited 9:45am
Quoting TC East
If you're also soliciting opinions from heterosexuals, I'd say it looks pretty good, and that you are already managing it well...
my apology i hope i dont offend anybody. that is one reson i dont right here, becouse it takes like two hours to right one line and steel make mestakes
  • #45,030
  • Oct 1, 2009 9:52am Oct 1, 2009 9:52am
Quoting suunto
my apology i hope i dont offend anybody. that is one reson i dont right here, becouse it takes like two hours to right one line and steel make mestakes
Just joking with you...
  • #45,031
  • Oct 1, 2009 10:18am Oct 1, 2009 10:18am
I took a CADCHF short, and am hoping for the best.

What I love about price action, is that it CAN be somewhat reinforcing if you look at multiple timeframes.

In the charts posted below, I see that there is a BEOB being developped. I also see that if things don't drastically change, a very nice daily pinbar will be formed. If we take the 4h BEOB now, and the pinbar will actually form, this increases the likelyhood of a bearish move even more.

There is also MACD and RSI divergence on the 1h timeframe, the chart of which i haven't added.
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The nail that sticks out gets hammered back in
  • #45,032
  • Oct 1, 2009 10:24am Oct 1, 2009 10:24am
Quoting suunto
gays what do you think about that?
ROFL
  • #45,033
  • Oct 1, 2009 11:05am Oct 1, 2009 11:05am
Kakyn I am sure he didnt mean that
  • #45,034
  • Oct 1, 2009 11:15am Oct 1, 2009 11:15am
hi guys i really would like to share my thoughts of with the seniors here
hope they can guide me

i have been referencing my trades to a trade i took which was OK by my standarads actually

what was great about this setup was the amount of "space"(blue rectangle) below the PB (which wasnt the greatest PB)

the space was enuff for me to move the Stop to BE without worrying about an unexplained reversal

what i want to ask is this kind of space (i mean its big size) normal or usually there is a S/r just around the corner like many others?
  • #45,035
  • Oct 1, 2009 11:16am Oct 1, 2009 11:16am
the charts
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  • #45,036
  • Oct 1, 2009 11:18am Oct 1, 2009 11:18am
  •  2mas
  • | Joined Apr 2007 | Status: Thanks to James 16 family | 89 Posts
Just trying to Decode Rac's vodoo entry's.
They worked great today on the PB of GBP/CHF, GBP/USD & EUR/GBP.
The first two are doing great, the last is still fighting although in green. It's much better to see your trade sailing/fighting whatever while in green.
Good luck everyone
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  • #45,037
  • Oct 1, 2009 11:25am Oct 1, 2009 11:25am
  •  2mas
  • | Joined Apr 2007 | Status: Thanks to James 16 family | 89 Posts
GU& EG
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  • #45,038
  • Oct 1, 2009 11:26am Oct 1, 2009 11:26am
Quoting ezz
the charts
Hey Ezz

Notice on the eur/cad how choppy and messy things have been overall not only for a long time but also in the recent(orange line area). All that choppy mess means tough trading into, because price has shown over and over again a reason to chop around it. Now we had a big BEOB off the 1.6 big ppz. Which for some would be enough to trade through . Not for me on a pair like this. Space basically shows you how far to the trouble zones, or the likely zones. I marked the space area off in blue. Notice everytime space runs out we hit a bigger trouble area. This doesn't mean other things within that space can't give our trades trouble or should be overlooked. But it helps put things in perspective.

Best
Mike
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  • #45,039
  • Oct 1, 2009 11:27am Oct 1, 2009 11:27am
Quoting pavulon2007
hey cyrus
thanks for your tribute. it helps to organise the learning process. good luck
hey pavlulon, (and e rest of e guys who said thanks previously too)

your welcome. =)

This is an awesome awesome community. Just trying to do my part.

Glad it's coming in handy to you guys

Cyrus

PS:
LUCK = Laboring Under Correct Knowledge
The results of the seniors here prove that it's "correct"
Labor! =)
One Mind, Any Market
  • #45,040
  • Oct 1, 2009 11:32am Oct 1, 2009 11:32am
Quoting suunto
my apology i hope i dont offend anybody. that is one reson i dont right here, becouse it takes like two hours to right one line and steel make mestakes
Suunto -

Welcome - I can tell you that if any of us had to post in your language, we never would! I find it refreshing to see someone like you try to communicate in a foreign language.

My son and I are learning Spanish - and we speak it as best as we can to others. It is not easy, but time and practice will help us.

Very happy to see you post, and we will understand them well. Please post charts anytime you wish. Many people here will talk with you. And if you would like it, even help you with English.

mike
I'm pretty much done with all this ...
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