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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

  • #45,981
  • Oct 13, 2009 9:54pm Oct 13, 2009 9:54pm
the 9300 bar highs scare me on eg. i just feel there is to much traffic around. im not sure?
  • #45,982
  • Oct 13, 2009 9:55pm Oct 13, 2009 9:55pm
Quoting jarroo
A little bit of both. lol
using my acquired James16 'foresight' ....
i'll reconstruct the situation:
she was on your left side.... she was moving around...

u both were... in such a position... that.... u weren't able to reach....

???? (nyahahah)

the 'e' button...

on 2 instances... even though the 'e' button was just about 1 inch away from the 'v' button (so as to complete the word 'every')...


hmmmm.... need more finger &/or body flexibility, Sir.
  • #45,983
  • Oct 13, 2009 9:56pm Oct 13, 2009 9:56pm
Quoting supremeChaos
using my acquired James16 'foresight' ....
i'll reconstruct the situation:
she was on your left side.... she was moving around...

u both were... in such a position... that.... u weren't able to reach....

???? (nyahahah)

the 'e' button...

on 2 instances... even though the 'e' button was just about 1 inch away from the 'v' button (so as to complete the word 'every')...


hmmmm.... need more finger &/or body flexibility, Sir.

You got to get out more sChoas. lol
Indicators show the past. Price Action "Indicates" the future.
  • #45,984
  • Oct 13, 2009 9:57pm Oct 13, 2009 9:57pm
Quoting supermatt
the 9300 bar highs scare me on eg. i just feel there is to much traffic around. im not sure?
look for reasons to trade & more reasons not to trade. then,
if u (still) feel unsure.. it's best to let it pass.
  • #45,985
  • Oct 13, 2009 10:01pm Oct 13, 2009 10:01pm
Quoting jarroo
You got to get out more sChaos. lol
... how did u know? lol
Cant...
am heavily guarded already. I'll try & sneak out. Patience.. lol
  • #45,986
  • Oct 13, 2009 10:03pm Oct 13, 2009 10:03pm
Quoting supermatt
the 9300 bar highs scare me on eg. i just feel there is to much traffic around. im not sure?
That would be the 1st target if taken . . . . . "This is Critical".
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #45,987
  • Oct 13, 2009 10:07pm Oct 13, 2009 10:07pm
Quoting supremeChaos
Sir idol, currently 1.4885-ish.
you must've missed post # 45533

bad student...
  • #45,988
  • Oct 13, 2009 10:23pm Oct 13, 2009 10:23pm
Hey Rac . . what do think of my trendline? Close enough?
Attached Image(s) (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #45,989
  • Oct 13, 2009 10:26pm Oct 13, 2009 10:26pm
Quoting raczekfx
you must've missed post # 45533
bad student...
yes Sir, i have read that one.
are u implying 1.4840 top for that move only? i see.
nevertheless, 'it' ('eur$ topped out or not' just-in-my-mind, mini-challenge) is still on. whatever happens, i push my mind & learn either way.

btw, i love it when (i can invoke) u (to) post more. appreciate it
  • #45,990
  • Oct 13, 2009 10:30pm Oct 13, 2009 10:30pm
Quoting jarroo
Hey Rac . . what do think of my trendline? Close enough?
sometimes people get excited/impatient, get ahead of themselves, they sell even prior a TL gets touched.
seems like the case here. lol
  • #45,991
  • Oct 13, 2009 10:37pm Oct 13, 2009 10:37pm
Quoting supremeChaos
sometimes people get excited/impatient, get ahead of themselves, they sell even prior a TL gets touched.
seems like the case here. lol
Good answer sChaos. I believe your right.

The 4 hour (pin-ish) Inside Bar gave me a low risk, confluenced trade. I was at break even at the moment it touched the 133.00 and then it ran.
Attached Image (click to enlarge)
Click to Enlarge Name: ej44.gif Size: 27 KB
Indicators show the past. Price Action "Indicates" the future.
  • #45,992
  • Oct 13, 2009 10:37pm Oct 13, 2009 10:37pm
Quoting jarroo
I would like to see Price closer to those past highs and PPZ level, .9450-.9500. The counter trend setups: BIG BARs, Big PPZ, Big etc.
You are right, absolutely! If we can manage to get a third PIN, that will be super :-)

BTW, I don't have too much confidence trading counter trend. I would rather wait for the trendy one :-)
  • #45,993
  • Oct 13, 2009 10:42pm Oct 13, 2009 10:42pm
Quoting goodtiding5
You are right, absolutely! If we can manage to get a third PIN, that will be super :-)

BTW, I don't have too much confidence trading counter trend. I would rather wait for the trendy one :-)
I agree totally. Some people never take CT trades. Unless they are unbelievably obvious. There is much to be said about only taking PA with the trend. Just ask Ryanmcd.
Indicators show the past. Price Action "Indicates" the future.
  • #45,994
  • Oct 13, 2009 10:45pm Oct 13, 2009 10:45pm
Quoting jarroo
Good answer....
The 4 hour (pin-ish) Inside Bar gave me a low risk, confluenced trade. I was at break even at the moment it touched the 133.00 and then it ran.
Awesome, Sir.
DIBS does run through your veins.
  • #45,995
  • Oct 13, 2009 10:50pm Oct 13, 2009 10:50pm
Quoting supremeChaos
Awesome, Sir.
DIBS does run through your veins.
Yes, the concept of the "free trade", no matter how its derived (partial positions, break even, etc.), plays an important role in trading PA setups to me.
Indicators show the past. Price Action "Indicates" the future.
  • #45,996
  • Oct 13, 2009 11:24pm Oct 13, 2009 11:24pm
EUR/CAD weekly chart.

It looks as if the price has formed the apparent "Head and Shoulder" pattern. The neck line is around 1.5400.

Watch PA around 1.5400.
Attached Image
  • #45,997
  • Oct 13, 2009 11:42pm Oct 13, 2009 11:42pm
I managed to make a few pips on this g/u beob. anyone else take this?
i managed it tight with obvious levels looming nearby.
oh yeh also i tend to like the osma better than macd. i think it reacts faster with pricemovement.
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  • #45,998
  • Oct 13, 2009 11:55pm Oct 13, 2009 11:55pm
Quoting supermatt
I managed to make a few pips on this g/u beob. anyone else take this?
i managed it tight with obvious levels looming nearby.
oh yeh also i tend to like the osma better than macd. i think it reacts faster with pricemovement.
Hi SuperMatt,

2 things come to my mind:

1. Determine the reason for this trade.
2. See where the price might stop.

There is nothing wrong with this one. However, you will come up with resistance pretty soon so B/E asap may be a good choice here.

Ken
  • #45,999
  • Oct 13, 2009 11:58pm Oct 13, 2009 11:58pm
Quoting supermatt
I managed to make a few pips on this g/u beob. ...
managed tightly?
Nice trade...it's BUOB, btw.
  • #46,000
  • Oct 14, 2009 12:10am Oct 14, 2009 12:10am
yeh just took 20pips and left wasnt to convinced. lol oh yeh thanks for that. of course buob. bad typo there by me
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