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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

  • #45,361
  • Oct 6, 2009 8:23pm Oct 6, 2009 8:23pm
Quoting bundyraider
For sure.

And I suppose I should ask when UK DST ends too. Just assumed they'd be close. lol
I have no idea...

How about this, I'll let you know when it happens.

We are usually out of sync with NY by about one or two weeks and then we line up again. And it's not made easier by the fact that I think London traders adjust their start times in a weird way around the change too.

I'll keep you posted. It always throws me for a loop. I end up using the FF session start indicator on the front page a lot.
  • #45,362
  • Oct 6, 2009 8:26pm Oct 6, 2009 8:26pm
Quoting TiaForex
I have no idea...

How about this, I'll let you know when it happens.

We are usually out of sync with NY by about one or two weeks and then we line up again. And it's not made easier by the fact that I think London traders adjust their start times in a weird way around the change too.

I'll keep you posted. It always throws me for a loop. I end up using the FF session start indicator on the front page a lot.
I had the Oanda session widget going at some point, but tend to not like too much being open at once. (Doesn't stop it though . lol)
Bundy's status today: "Waiting..."
  • #45,363
  • Oct 6, 2009 8:28pm Oct 6, 2009 8:28pm
Cable might break here soon.

I've got a 1-min chart entry happening at BE already from those 4-hr IB4s. lol
Bundy's status today: "Waiting..."
  • #45,364
  • Oct 6, 2009 8:41pm Oct 6, 2009 8:41pm
Hi,

Nice 2PB on GBPUSD daily. I think there is a potential short, 50-75 pips down to the green line. All comments are welcome.
Attached Image (click to enlarge)
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  • #45,365
  • Oct 6, 2009 8:47pm Oct 6, 2009 8:47pm
Quoting bundyraider
Cable might break here soon.

I've got a 1-min chart entry happening at BE already from those 4-hr IB4s. lol
You trade I4Bs on the 4 hour?
I dream, therefore I become.
  • #45,366
  • Oct 6, 2009 9:08pm Oct 6, 2009 9:08pm
Quoting mike w
You trade I4Bs on the 4 hour?
Hell yeah! Those real nice 'winding-up' ones, for sure.

As break out trades. The Ib's have to look nice and create a wedge or something. You'd have done this before.

You'll see what I'm doing here... (my actual working chart)
Attached Images
Bundy's status today: "Waiting..."
  • #45,367
  • Oct 6, 2009 9:23pm Oct 6, 2009 9:23pm
Quoting b612
Hi,

Nice 2PB on GBPUSD daily. I think there is a potential short, 50-75 pips down to the green line. All comments are welcome.
Hey B

While I do agree gbp/usd looks to be making moves down we have to be careful taking pinbars at swing lows b/c you are trading right into that first low and trouble are. The place James teaches is to have them at swing high points. Let me know if you need help understanding swing points I would be glad to help

Mike
  • #45,368
  • Oct 6, 2009 9:30pm Oct 6, 2009 9:30pm
Nice Head&Shoulders on Cable by the way.
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Trax Tibidax Tibidox...
  • #45,369
  • Oct 6, 2009 9:37pm Oct 6, 2009 9:37pm
Quoting bundyraider
Slow day??
Hey , can anyone please tell me when daylight savings ends in the U.S.?
Quoting flyer415
01 Nov
Quoting TiaForex
Me too bundy....
Here, this will probably help
DST 2009
  • #45,370
  • Oct 6, 2009 9:42pm Oct 6, 2009 9:42pm
Quoting mbqb11
Hey B
...The place James teaches is to have them at swing high points. Let me know if you need help understanding swing points I would be glad to help
swing high/low?
No need to repeat, Sir.
u just had a recent post about this, on Oct.2.
  • #45,371
  • Oct 6, 2009 9:44pm Oct 6, 2009 9:44pm
Quoting supremeChaos
swing high/low?
No need to repeat, Sir.
u just had a recent post about this, on Oct.2.
O NICE!

Thanks supreme I forgot my own posts
  • #45,372
  • Oct 6, 2009 9:56pm Oct 6, 2009 9:56pm
Quoting masterpiecefx
Nice Head&Shoulders on Cable by the way.
That's why I've wanted it to retrace up a bit further, but oh well.

A daily Close below 5800 at some point would be nice, to get a decent move again.


Quoting supremeChaos
Here, this will probably help
DST 2009
You legend!

So it's a week earlier than our friends in NYC.
Bundy's status today: "Waiting..."
  • #45,373
  • Oct 6, 2009 10:04pm Oct 6, 2009 10:04pm
Da ja vue. Don't these PBs on the Gbp/Usd look similar? (light blue boxes) Could we be ready for a similar move but this time down?

Just an observation.

Jim

(thanks for the use of your chart b612)


http://i35.tinypic.com/24l1lk7.gif
Indicators show the past. Price Action "Indicates" the future.
  • #45,374
  • Oct 6, 2009 10:18pm Oct 6, 2009 10:18pm
Quoting bundyraider
...
You legend!
So it's a week earlier than our friends in NYC..
Quoting mbqb11
O NICE!
Thanks supreme I forgot my own posts
u are way too busy..
i am your recently acquired sexytary, remember?
from time to time, when u are offline, i'll try to substitute & help facilitate here.
  • #45,375
  • Oct 6, 2009 10:19pm Oct 6, 2009 10:19pm
Quoting jarroo
Da ja vue. Don't these PBs on the Gbp/Usd look similar? (light blue boxes) Could we be ready for a similar move but this time down?

Just an observation.

Jim

(thanks for the use of your chart b612)

Great observation Jim! Yes, it looks like a reverse déjà vu. I didn't notice it. Still have a lot to learn! Thanks.

Valérie
  • #45,376
  • Oct 6, 2009 10:27pm Oct 6, 2009 10:27pm
Quoting supremeChaos
u are way too busy..
i am your recently acquired sexytary, remember?
from time to time, when u are offline, i'll try to substitute & help facilitate here.
From time to time when Mike's offline = Waiting from Blue Moon to the next Blue moon for when Mike's offline and not helping others.

He needs a sexytary.
Bundy's status today: "Waiting..."
  • #45,377
  • Oct 6, 2009 10:43pm Oct 6, 2009 10:43pm
Quoting b612
Great observation Jim! Yes, it looks like a reverse déjà vu. I didn't notice it. Still have a lot to learn! Thanks.

Valérie

This is not a strong setup to go down, that's not what I'm stating as you should know. We still need to see strong PA at a strong PPZ level (preferably confluenced) to give us a clear, definable reason to go short.
Indicators show the past. Price Action "Indicates" the future.
  • #45,378
  • Oct 6, 2009 10:45pm Oct 6, 2009 10:45pm
Quoting jarroo
Da ja vue. Don't these PBs on the Gbp/Usd look similar? (light blue boxes) Could we be ready for a similar move but this time down?
....
interesting observation Sir, i almost missed that one.

is it moving down? u bet. i said so before. i am a clairvoyant. lol
kidding aside, let's watch what happens.


Quoting supremeChaos
....
another alternative view is that this "range breakout" above 1.66 could possibly be a false one, & may take price immediately back in the range (to +/- 1.65) or perhaps even (break) below the range.
i have been learning further & further...
  • #45,379
  • Oct 6, 2009 10:52pm Oct 6, 2009 10:52pm
Good morning all (as it's 11am on my side here). Would like to know if this is how we're supposed to setup charts for waiting?

I tried drawing price levels in different colours - red (monthly), green (weekly), blue (daily). I noticed the AUDUSD approaching a monthly level and checked the line chart for divergence. (This was mentioned by someone else, can't remember who though, that it's better to check for divergence on line charts instead of bars/candlesticks.)

Considering that it's 1) at a high, 2) around a monthly pivot level and 3) there's divergence on the chart, I would like to know if I'm right in saying that we short it if a pin, OVBEB or DHLC develops?
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  • #45,380
  • Oct 6, 2009 10:55pm Oct 6, 2009 10:55pm
Quoting supermatt
swiss yen? anyone interested in this? broke 87 then came back to retest forming 2 pins?
probably not worth the risk once you enter 10 pips below break of pins and with 86 looming 10 or so pips away
i think this needs a move through 86.00-30 with momentum, so be careful here.


**********************
First reference to James16 THIS IS CRITICAL since this thread breached the 3000-page mark:
(i'll probably do this every 500 or 1000 pages. )

THIS IS CRITICAL.
WE MUST LEARN TO:
1. notice a strong s/r area just beyond our pa if it exists.
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared.

if we know its there we have several choices.

1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken.
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