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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

  • #47,281
  • Oct 30, 2009 9:21am Oct 30, 2009 9:21am
Quoting KissFan
New Traders- That Daily BEOB from Tuesday just bit the dust. Did anyone anticipate this trade short and get in before the break? We wait for the break of the bar to trade this BEOB at swing high. If we do not wait for that break, we are more likely to lose our money.

K.I.S.S.
That is a perfect example.
Was also looking at it but decided no to enter in the retrace because the BEOB was never triggered.
  • #47,282
  • Oct 30, 2009 9:21am Oct 30, 2009 9:21am
Still in this trade, but not sold it will work out. Testing 1.50 area, if it can break through and 1.50 can then act as resisitance it may have a chance to work out but it is early to tell one way or the other.

I have tightened my stop loss only marginally in case it does in fact head south.

Maybe I won't get neutered after all.......ha ha
  • #47,283
  • Oct 30, 2009 9:22am Oct 30, 2009 9:22am
Quoting KissFan
New Traders- That Daily BEOB from Tuesday just bit the dust. Did anyone anticipate this trade short and get in before the break? We wait for the break of the bar to trade this BEOB at swing high. If we do not wait for that break, we are more likely to lose our money.

K.I.S.S.



Waiting for the break has saved me so many times it's not even funny.
"and It always will." James16.
Indicators show the past. Price Action "Indicates" the future.
  • #47,284
  • Oct 30, 2009 9:23am Oct 30, 2009 9:23am
Quoting jarroo
I sure you noticed that the 1.4850 level is a Daily PPZ level. Right Ben?

Higher time frames RULE even on the 5min chart. I don't know how one trades these lower time frames without first mapping out the PPZ levels, PA if any, confluenced areas, etc., on the higher time frames.

Nice trade Ben.
Thanks Jim

Yep I was looking at this level from yesterday already, looking for a demo touch trade. It is even a fib level
  • #47,285
  • Oct 30, 2009 9:30am Oct 30, 2009 9:30am
Quoting benji533
Thanks Jim

Yep I was looking at this level from yesterday already, looking for a demo touch trade. It is even a fib level
Sweet! I just noticed that. (not at my regular charts.)

I bet Rac caught that one too. lol
Indicators show the past. Price Action "Indicates" the future.
  • #47,286
  • Oct 30, 2009 9:35am Oct 30, 2009 9:35am
Quoting KissFan
Haha! Goodtidings! I'm looking to sell the other way. Not in yet though.

K.I.S.S.
Same here. Pending order removed for the weekend though. Always another chance coming.
  • #47,287
  • Oct 30, 2009 9:36am Oct 30, 2009 9:36am
Quoting jarroo


Waiting for the break has saved me so many times it's not even funny.
"and It always will." James16.
I'm here full time now because of these nuggets. I have so many folks to thank that I don't know where to start. I'm no Jarroo, Rac, Fudd, James16, Bemac, Jacko, Bundyraider, Mike W, Mr. Trend, SeekingLight or Peter Crowns but I will share what I know willingly and cheerfully. I type this as tears of happiness and appreciation stream down my cheeks. I hope to meet all of you in person sometime. I just noticed that there is not a smilie for humbled and appreciative. Maybe just like me, the programmers figured that it just couldn't be expressed in it's most pure context. For what it's worth, and it just seems so inadequate..Thanks guys from the bottom of my heart.

Roger Courts Jr.
  • #47,288
  • Oct 30, 2009 9:43am Oct 30, 2009 9:43am
Quoting KissFan
I'm here full time now because of these nuggets. I have so many folks to thank that I don't know where to start. I'm no Jarroo, Rac, Fudd, James16, Bemac, Jacko, Bundyraider, Mike W, Mr. Trend, SeekingLight or Peter Crowns but I will share what I know willingly and cheerfully. I type this as tears of happiness and appreciation stream down my cheeks. I hope to meet all of you in person sometime. I just noticed that there is not a smilie for humbled and appreciative. Maybe just like me, the programmers figured that it just couldn't be expressed in...
HEY, I thought you only kept things 'slightly' serious!! Just kidding of course, I am very grateful for Jim's teachings and the others you mentioned as well. Glad to hear it!

GBP/USD
On a more serious note, first test of 1.65 failed......
  • #47,289
  • Oct 30, 2009 9:45am Oct 30, 2009 9:45am
Quoting o990l6mh
Same here. Pending order removed for the weekend though. Always another chance coming.
I'll be watching that 1.0819 level closely. If it is breached and the PA is ambiguous, I'll be uninterested in trading this pair next week. I do like the Weekly BEOB on Fiber though. Notice I said Fiber? I'm trying to be more like RAC and I gotta start somewhere.

K.I.S.S.
  • #47,290
  • Oct 30, 2009 9:45am Oct 30, 2009 9:45am
Thanks for everyone which had PMed me and tried to help.

Here is the thread with all the details.

http://www.forexfactory.com/showthre...=1#post3194533
  • #47,291
  • Edited 10:09am Oct 30, 2009 9:55am | Edited 10:09am
Quoting KissFan
I'm here full time now because of these nuggets. I have so many folks to thank that I don't know where to start. I'm no Jarroo, Rac, Fudd, James16, Bemac, Jacko, Bundyraider, Mike W, Mr. Trend, SeekingLight or Peter Crowns but I will share what I know willingly and cheerfully. I type this as tears of happiness and appreciation stream down my cheeks. I hope to meet all of you in person sometime. I just noticed that there is not a smilie for humbled and appreciative. Maybe just like me, the programmers figured that it just couldn't be expressed in...
You may not be any of those guys because your . . . . KISSFAN.
And many of your comments, charts and explainations have helped many people . . . much more then you realize. ( me included ). So right back at you, Roger: Thank you.


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #47,292
  • Oct 30, 2009 10:17am Oct 30, 2009 10:17am
Second test of 1.65 in progress.........anyone else in this pair?

Bark, Bark
  • #47,293
  • Oct 30, 2009 11:04am Oct 30, 2009 11:04am
Quoting KissFan
I'm here full time now because of these nuggets. I have so many folks to thank that I don't know where to start....
love ya kiss
  • #47,294
  • Oct 30, 2009 11:08am Oct 30, 2009 11:08am
Quoting dobe_r_man
Second test of 1.65 in progress.........anyone else in this pair?

Bark, Bark

I do not have a position here DMan but I am short biased. Do not trade short because I said that. I just cant pull the trigger long because of that weekly pin printed last friday. The pin is not valid until it breaks but it is what it is and makes me short biased. I may be speaking too soon as the bar is not finished forming, but I do like that we have a pin and then an inside bar printed afterwards next to it. I am not necessarily looking to trade this weekly pin but what I will do over the next week is look for daily and 4HR PA at resistance to sell the GBP. It needs room to move as well.

K.I.S.S.
  • #47,295
  • Oct 30, 2009 11:30am Oct 30, 2009 11:30am
Interesting, what is going on with the GBP? I normally at least know about announcements even though I don't play news, did I miss something?

Thanks - Nathan
  • #47,296
  • Oct 30, 2009 11:52am Oct 30, 2009 11:52am
Quoting KissFan
I'm here full time now because of these nuggets. I have so many folks to thank that I don't know where to start....
Love posts like this and love you too Roger. You're a big hearted guy and I've learnt a ton from you.

Aaron (aka RogerFan)

PS One of my dreams is to travel the world meeting the good people of this thread who have helped me so much
  • #47,297
  • Oct 30, 2009 12:08pm Oct 30, 2009 12:08pm
I am sure you have been asked this or already answered, but is that you in the picture?
  • #47,298
  • Oct 30, 2009 12:11pm Oct 30, 2009 12:11pm
Quoting jarroo
Thanks brother. These are always a treat.
This market has been a tease lately, but.... this week has been a real treat as you ride on people's fear and greed...

Enjoy the weekend.
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  • #47,299
  • Oct 30, 2009 12:11pm Oct 30, 2009 12:11pm
Quoting TiaForex
Love posts like this and love you too Roger. You're a big hearted guy and I've learnt a ton from you.

Aaron (aka RogerFan)

PS One of my dreams is to travel the world meeting the good people of this thread who have helped me so much
You are too kind Aaron. Thanks again guys! I'm so happy to be here to post regularly now. You know Aaron, I have read some pretty deep stuff here from you. You are one of those that I'm going back over to make sure that I have not missed anything and thanks to the voice file you posted a while back, I can actually hear you in my minds ear when I read your words. I'm in Texas. Please do not hesitate to contact me if you get out this way.

Roger
  • #47,300
  • Oct 30, 2009 12:16pm Oct 30, 2009 12:16pm
Quoting dobe_r_man
I am sure you have been asked this or already answered, but is that you in the picture?
That's me in the Avatar and in all of my profile pics. I have many passions in life but Keeping It Simple, Riding in the Dirt and listening to KISS are a daily regimen.

K.I.S.S.
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