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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

  • #47,401
  • Nov 2, 2009 11:54am Nov 2, 2009 11:54am
Brilliant stuff...I really am in awe at how quickly you spot trades and how easily you pick winners! When monitoring many pairs over different time frames how do you find trades like this so quickly...as obviously you need to move fast?
  • #47,402
  • Nov 2, 2009 11:55am Nov 2, 2009 11:55am
Quoting raczekfx
Good, good...

I only showed trades that looked like PA. In fact, these were just addons....
News about Cit, was a blessing to yen traders last night in very illiquid market.
Someone here complained that he didn't see any j16PA on my charts and he's right.... so be it..

p.s. Is that a PA...?
If so let's break that damn daily tl @ 4680 and reverse the trend, shall we?

heee ...see what you mean by .4680 looks good but I was long on this from 4750(could get a better price on this,but was at bad) aiming for .4850(missed by 6 pips)but if turns around i'll out at be ,wait for the next one
  • #47,403
  • Nov 2, 2009 12:03pm Nov 2, 2009 12:03pm
Quoting lovejoy80
Brilliant stuff...I really am in awe at how quickly you spot trades and how easily you pick winners! When monitoring many pairs over different time frames how do you find trades like this so quickly...as obviously you need to move fast?
why quickly....? This has been my bread and butter for some time now and I intend to close this trade at 1.4420.

last week euro was kicked in the nuts; so why worried about a little retrace? who cares what it will do, you have to have a plan. Resistance at 4850, so you know where my stop is. My bias is down and as fiber is bending forward, all we really need is to push it a little and it will fall.
Ok. Enough for now, I said more than I wanted..
  • #47,404
  • Nov 2, 2009 12:23pm Nov 2, 2009 12:23pm
Quoting KissFan
Thanks Jon. I missed some this morning also and I was sitting right here! I also took this Aussie trade as well. I am hoping that it runs but since it was a blind entry at 9103 my stop is already at b-e. Maybe the news today was one of those "gimmie" trades. I'll take those sometimes.

K.I.S.S.
here's my last trade, very similar.
i also took a similar pin on chf/yen and am gonna try hang on to a piece of it to see what happens??
jon
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PATIENCE... DISCIPLINE
  • #47,405
  • Nov 2, 2009 12:34pm Nov 2, 2009 12:34pm
here is rac favorite style:

-daily ppz
-61/50fib
-TL

and kaboom

if you where more aggresive trader like rac you could take a touch trade around the blue rectangule and TL,but i like a differently approach wiating for PA,or scrolling down to lower tf,finding there PA
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  • #47,406
  • Nov 2, 2009 12:41pm Nov 2, 2009 12:41pm
Quoting triger88990
here is rac favorite style:

-daily ppz
-61/50fib
-TL

and kaboom

if you where more aggresive trader like rac you could take a touch trade around the blue rectangule and TL,but i like a differently approach wiating for PA,or scrolling down to lower tf,finding there PA
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  • #47,407
  • Nov 2, 2009 12:44pm Nov 2, 2009 12:44pm
Quoting raczekfx
.
feel so good when I know that you are on my side trade

but mine are on a demo account

edit: i see some suport off .7080 let see how she behave there, I'm targeting for .7000
  • #47,408
  • Nov 2, 2009 2:16pm Nov 2, 2009 2:16pm
Quoting triger88990
feel so good when I know that you are on my side trade

but mine are on a demo account

edit: i see some suport off .7080 let see how she behave there, I'm targeting for .7000
You two are doing great job eh? Here is one of mine
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  • #47,409
  • Nov 2, 2009 2:43pm Nov 2, 2009 2:43pm
I have to admit I feel fortunate to get the pips I did on these trades.

I was long the E/A from a daily buovb retracement entry and was stopped out at 1.6389 after the gap Sunday opening.

On Cable I did the same thing for entry (retrace of the beovb), then m0ved my stop behind the 1 hour pin at around the 1.6350 area earlier today. I typically dont drop down to lower timeframes but the sideways action on the daily and lack of momentum near 1.635 was my rationale.

No current trades on; however, I am watching daily and the 4 hour on the Nzd/Usd for a reason to go short.

Nathan
  • #47,410
  • Nov 2, 2009 2:48pm Nov 2, 2009 2:48pm
Hitting a pivot area as we speak.........looking for price action to prove it wants to fall.

Patience.......
  • #47,411
  • Nov 2, 2009 3:00pm Nov 2, 2009 3:00pm
Hourly pivot zone.......
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  • #47,412
  • Nov 2, 2009 3:04pm Nov 2, 2009 3:04pm
being new... does anyone have any daily trades. im not really keen on all these lower tf trades. Looks pretty quiet on the daily tf in terms of pa signals?
  • #47,413
  • Nov 2, 2009 3:09pm Nov 2, 2009 3:09pm
Quoting supermatt
being new... does anyone have any daily trades. im not really keen on all these lower tf trades. Looks pretty quiet on the daily tf in terms of pa signals?
I'm fairly new as well so take it with a grain of salt: I'm short NZDJPY since the asian session monday. Price is actually almost to the pip back where I entered right now.

I took it on a weekly basis so I'm holding.
  • #47,414
  • Nov 2, 2009 3:12pm Nov 2, 2009 3:12pm
Matt:

I don't see much for daily, hence no trades for me right now
  • #47,415
  • Edited 4:49pm Nov 2, 2009 4:05pm | Edited 4:49pm
I like this daily Buob on Aud/Nzd......it's more a break out trade than swing trade......

Reason to take the trade:

1) Boub

2)PPZ

3)TL broken

4) 1.25 round number.

Any comments??
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Patience is essential
  • #47,416
  • Nov 2, 2009 4:10pm Nov 2, 2009 4:10pm
AUDUSD
Huge 4hr (1pm central) beob straddling the 60 and 150 ma's. Not triggered yet.
Trend change in the making?
  • #47,417
  • Nov 2, 2009 4:21pm Nov 2, 2009 4:21pm
im just not feelin those a/nz , au trades
but thats just me
  • #47,418
  • Nov 2, 2009 4:46pm Nov 2, 2009 4:46pm
Quoting Bryan
AUDUSD
Huge 4hr (1pm central) beob straddling the 60 and 150 ma's. Not triggered yet.
Trend change in the making?
not even close to being a beob on mine !
  • #47,419
  • Nov 2, 2009 5:19pm Nov 2, 2009 5:19pm
I come home today to this.... what do you guys do in a situation like this???? Give up on target profit take lines and permanently stick to trailing stops??
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Many choose unhappiness over uncertainty.
  • #47,420
  • Nov 2, 2009 5:29pm Nov 2, 2009 5:29pm
Quoting Dan Gilbert
I come home today to this.... what do you guys do in a situation like this???? Give up on target profit take lines and permanently stick to trailing stops??
Hey Dan

This won't be the last time this happens, trust me. Usually when I am within a few pips I try to trail down. Because we always must remember our areas are zones, nothing is to the pip really. If it is at all possible try to set an alarm if you can. If you don't have the ability to check your trade like that during the day it makes it tough. A couple pips, I would prob be out for b/e or at worst b/e. It just isn't worth potentially taking a loss over a few pips.

Frustrating, but believe me it won't be the last so best to deal with it for the future like you are

Best
Mike
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