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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

  • #46,281
  • Oct 18, 2009 8:17pm Oct 18, 2009 8:17pm
Awesome Que. Food for thought to start the week. Thanks~

Would you mind posting your entries for Cable & Geppy pse?

I checked out the 5min and am wondering where you got in.

Appreciate it Que.
One Mind, Any Market
  • #46,282
  • Oct 18, 2009 8:45pm Oct 18, 2009 8:45pm
GU:

Entry: 1.6321 Start of the M5 22:35 bar
Exit: BE due to testing of a theory. But would have been aprox 1.6363

GJ:
Entry:148.40 Beginning of M5 22:10 bar
Exit: 148.99 Beginning of M5 23.10 bar

Both had 15 pip stops with a 1% trade. Almost made 4% on GJ, and ended up BE on GU. Hope this helps.

Que

Quoting Cyrus
Awesome Que. Food for thought to start the week. Thanks~

Would you mind posting your entries for Cable & Geppy pse?

I checked out the 5min and am wondering where you got in.

Appreciate it Que.
Que
  • #46,283
  • Oct 18, 2009 9:25pm Oct 18, 2009 9:25pm
Thanks Que. Will check it out.

Would you care to share what theory you are testing?
Just curious as usual. No worries if you wanna keep it hush hush
One Mind, Any Market
  • #46,284
  • Oct 18, 2009 9:31pm Oct 18, 2009 9:31pm
Originally Posted by Cyrus http://cdn.forexfactory.com/images/buttons/viewpost.gif
Heya Rac,

Ain't askin' to be spoonfed. Been seeking diligently and studying my ass off.
Would appreciate 1min of your time to feedback if I'm "getting it".

Would your long/short decisions you just posted be based on the PA of something else as well?

Just need a Yes/No?

Thank you =)

quote= rustyjeff ;3154088]
i am guessing yes & no... /quote

(ok. this quote thingy here is being a biatch. wth?)

Incidentally rusty, that exact same "yes/no" thought crossed my mind as I was posting the question. LOL
One Mind, Any Market
  • #46,285
  • Oct 18, 2009 11:30pm Oct 18, 2009 11:30pm
Euro sinking i guess
Euro Trader
  • #46,286
  • Oct 19, 2009 1:52am Oct 19, 2009 1:52am
charts
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  • #46,287
  • Oct 19, 2009 1:56am Oct 19, 2009 1:56am
chart
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  • #46,288
  • Oct 19, 2009 2:22am Oct 19, 2009 2:22am
Quoting james16
chart
AMAZING
  • #46,289
  • Oct 19, 2009 2:34am Oct 19, 2009 2:34am


Quoting mbqb11
Mikey likes it.
  • #46,290
  • Oct 19, 2009 2:42am Oct 19, 2009 2:42am


i guess ive said this a thousand times but i will say it again.

its the crap on your charts that is killing most of you.

you win at this game by understanding price.

you understand price by playing the game until you know what its going to do.

once you know what its going to do you can accept small losses knowing that they dont have a snowballs chance in hell of stopping the upward curve of your account balance.



Quoting suunto
AMAZING
  • #46,291
  • Oct 19, 2009 2:56am Oct 19, 2009 2:56am
Quoting james16
chart
So why do we all wonder why this guy called Jim gets all the accolades? well, look at these posts


http://www.forexfactory.com/showpost...ostcount=45776
http://www.forexfactory.com/showpost...ostcount=45777

from 45777 this trade has locked in a good 12K in cash for 35lots. Much more that some us will make on a single trade perhaps in a year . While risk is indeed proportionate to reward and assuming Jim that you used only 2% of your account on this one some things come to mind

1. I would never trade against any of your suggestions.
2. You are already very wealthy and have a kind heart to be sharing with everyone all this info FOC
3. We pray for your continued participation here clearly most of us have made a few pips/change from your trade suggestions.


By the way would you like some bodyguards FOC?

FOC=Free of Charge?

Finally for everyone, looking at S/R 89.60 seems to be a strong R for this pair within a range. Any shorting possibilities on PA as and when they might occur?
  • #46,292
  • Oct 19, 2009 3:33am Oct 19, 2009 3:33am
i do ok but all of you would be shocked at how modestly i live.

thats about to change soon as my wife has finally after 20 years found somewhere she wants to live thats not cheap, relativly speaking.

a hint would be the jonas brothers. why do i shudder at that?

honestly though the govmt gets close to half so i actually trade until may for them.





Quoting pipsdaily
So why do we all wonder why this guy called Jim gets all the accolades? well, look at these posts


http://www.forexfactory.com/showpost...ostcount=45776
http://www.forexfactory.com/showpost...ostcount=45777

from 45777 this trade has locked in a good 12K in cash for 35lots. Much more that some us will make on a single trade perhaps in a year . While risk is indeed proportionate to reward and assuming Jim that you used only 2% of your account on this one some things come to mind

1. I would...
  • #46,293
  • Oct 19, 2009 4:03am Oct 19, 2009 4:03am
Quoting james16
i do ok but all of you would be shocked at how modestly i live.....
living below your means...
highly exemplary, Sir.
another reason u are a good role model in my eyes.
  • #46,294
  • Oct 19, 2009 4:05am Oct 19, 2009 4:05am
Quoting saskgui
Hey Que

Do you normally risk 3% on a gap trade or did you really like setups today?

edit... ahh i see the standard 1% in the above post...

ARE ANY GAP TRADERS STILL WAITING FOR THE GAP TO FILL ON YM FROM OCTOBER 5 2008....SEE FxPro WEEKLY CHART.....
  • #46,295
  • Oct 19, 2009 4:08am Oct 19, 2009 4:08am
Quoting james16
i do ok but all of you would be shocked at how modestly i live.

thats about to change soon as my wife has finally after 20 years found somewhere she wants to live thats not cheap, relativly speaking.

a hint would be the jonas brothers. why do i shudder at that?

honestly though the govmt gets close to half so i actually trade until may for them.
Heya Bossman

(1) These touch trade things are hardcore.
Aspire to get to your level some day. 20pips risk on daily -->

(2) The govt gets almost HALF????
One Mind, Any Market
  • #46,296
  • Oct 19, 2009 4:14am Oct 19, 2009 4:14am
Quoting jarroo
Thanks jon.

Also, nice work on the Eur/Gbp. This is also a 2 Week PB which has a nice size.

A little trick I do is look at the Monthly chart at the end of each week to see 2 or 3 week combo PAs. And on the weekly charts on Tues., Wed. and Thurs to see Daily combos.
thank you!!
nice one for that little trick of the trade there, i had never thought of that!
cheers
jon

well played on those gaps everyone!! this thread is getting pretty advanced these days eh!!? like it!
PATIENCE... DISCIPLINE
  • #46,297
  • Oct 19, 2009 4:21am Oct 19, 2009 4:21am
Hi Guys, any comment on this DBHLC?
The location is good with RN at 0.75 as the weekly pivot. But I understand that we should take DBHLC / DBLHC only as a trend continuation trade. This is a counter trend trade, so it is not a valid DBHLC?

Instead we should take the long trade as it breaks 0.75?
Thanks
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  • #46,298
  • Oct 19, 2009 4:44am Oct 19, 2009 4:44am
hi guys, i have two sweet crude futures in my list of instruments?? one for november and one for december...CLX9 and CLZ9 why!!?? which one is valid atm and why is there two?? i know nothing of futures so this may be a silly question?
cheers
jon
PATIENCE... DISCIPLINE
  • #46,299
  • Oct 19, 2009 4:56am Oct 19, 2009 4:56am
Quoting g_j_hook@yah
hi guys, i have two sweet crude futures in my list of instruments?? one for november and one for december...CLX9 and CLZ9 why!!?? which one is valid atm and why is there two?? i know nothing of futures so this may be a silly question?
cheers
jon
These contracts price the future value of sweet crude in November and in December. These prices are going to be different due to the different valuation periods. Remember that the prime use for commodities futures was their phisical delivery.

At the beginning for speculation I'd strongly recommend to trade futures contracts with the closest expiration date due to their highest liquidity.

In this case for now that would be CLX9.

Hope that helps.

Cheers,
Pr1mer
  • #46,300
  • Oct 19, 2009 5:06am Oct 19, 2009 5:06am
Quoting Pr1mer
These contracts price the future value of sweet crude in November and in December. These prices are going to be different due to the different valuation periods. Remember that the prime use for commodities futures was their phisical delivery.

At the beginning for speculation I'd strongly recommend to trade futures contracts with the closest expiration date due to their highest liquidity.

In this case for now that would be CLX9.

Hope that helps.

Cheers,
Pr1mer
ahha.. i think i get it, they are both valid contracts with different expiry dates!!??thanx for the tip.
i dont intend to trade futures at any time soon but its good to know. i am starting to use some comods and indices as confluence factors for some currencies pairs,i think that is as far it will go for me
thanx for the response mate

cheers
jon
PATIENCE... DISCIPLINE
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