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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

  • #47,441
  • Nov 2, 2009 11:19pm Nov 2, 2009 11:19pm
Quoting arctos
Actually...
I'm no good with trendlines and fibs...hence I've removed everything from my charts except round numbers and their halfway points.
Were you referring to the orange trendline? And while we're on this topic, would the blue trendline be a better show of support-turned-potential-resistance?
yes, that orange TL.

that blue TL has been pierced several times, so it's an invalid TL. as much a possible, TL's should be clean, clear, no 'piercings'.

if u feel more comfortable without them (TL's etc), then u can do so. it's all about You, anyway. just be aware that u can use these other 'tools' if u want to
  • #47,442
  • Nov 3, 2009 12:00am Nov 3, 2009 12:00am
Quoting raczekfx
I just answered this with my charts above. No need to waste time on typing...
Thanks Rac. Confirmed some things I have been observing.
Picture is worth a thousand words =)
One Mind, Any Market
  • #47,443
  • Nov 3, 2009 12:03am Nov 3, 2009 12:03am
Quoting mbqb11
Hey Cyrus

I will technically take a trade at any time as long as I think it has potential. This is usually seen by the type of market and or bar. A big bar generally means something is taking place. So be it early sunday, or prime euro session. Clearly on sundays open price was moving and their was volatility. I simply want volatility as a trader.

Hope that makes sense

Mike
Makes plenty of sense, as always.
Thanks Mike.
Things are fitting together nicely in my head.
One Mind, Any Market
  • #47,444
  • Nov 3, 2009 12:04am Nov 3, 2009 12:04am
Quoting Cyrus
Makes plenty of sense, as always.
Thanks Mike.
Things are fitting together nicely in my head.
That's what I like to hear
  • #47,445
  • Nov 3, 2009 4:05am Nov 3, 2009 4:05am
It's the Big 77 for me today. Thank you.

If I can ever get this business down by the time I'm 87
I might be able to generate some serious walking around cash !!

Well,I'm off to vote now I'll be there all day as I am an inspector
at the polling place.

See you all later.Happy trading,and Sensible voting

Tom
Conquer the beast with disciplined determination and intellegent control.
  • #47,446
  • Nov 3, 2009 5:23am Nov 3, 2009 5:23am
Quoting Pipzilla
It's the Big 77 for me today. Thank you.

If I can ever get this business down by the time I'm 87
I might be able to generate some serious walking around cash !!

Well,I'm off to vote now I'll be there all day as I am an inspector
at the polling place.

See you all later.Happy trading,and Sensible voting

Tom
Thank you for your service to the public Pipzilla!

K.I.S.S.
  • #47,447
  • Nov 3, 2009 5:34am Nov 3, 2009 5:34am
hey you guys hope you are ok

after I missed my target yesterday when I was long on e/u and short on u/c by some few pips, price revers and was taking my out at BE on this trades,but this is not a problem at least I know that I was doing my task.

and today was time to change my trades.

hope everyone was paying attention when the master rac was speaking about the 4680

.......dji also looks good

targeting for 4480, but lets see how she close

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  • #47,448
  • Nov 3, 2009 5:46am Nov 3, 2009 5:46am
this one is from yesterday and I didn't move at BE asap, because I was looking on gold to see how would react at blue rectangule,wanted to give her more space b/c I knew she has more potential

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  • #47,449
  • Nov 3, 2009 6:19am Nov 3, 2009 6:19am
another one still from yesterday she finnaly decided to move up,can we get a BUOB or a close above 6860

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  • #47,450
  • Nov 3, 2009 7:08am Nov 3, 2009 7:08am
Quoting raczekfx
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..
Thanks for pushing guys. I added more after 4hr pin during its retrace

I also took some profit at this ppz (low 46s marked in blue).

BTW. I'm taking extended LOA from FF. Onto bigger and better things..
Be smart, trade well
.
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  • #47,451
  • Edited 7:26am Nov 3, 2009 7:09am | Edited 7:26am
couldn't resist to not post this one too,I was posting this yesterday I think, when mike was giving me some feedback, and I knew that is a crappy one setup b/c the traffic to the left, but switched on the daily and I was thinking to let it go.

edit: it's more than 2R

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  • #47,452
  • Nov 3, 2009 7:20am Nov 3, 2009 7:20am
Quoting raczekfx
Thanks for pushing guys. I added more after 4hr pin during its retrace

I also took some profit at this ppz (low 46s marked in blue).

BTW. I'm taking extended LOA from FF. Onto bigger and better things..
Be smart, trade well
.

I knew it!

guys haven't told you that he is doing this working
  • #47,453
  • Edited 8:42am Nov 3, 2009 8:27am | Edited 8:42am
I had to leave the house because my daughter got bit by my dog, but I had this fib placed and was waiting for price to retrace to the 50/61.8 area. I wanted to see some PA once it got there and what do you know? The green line is the trader price pivot too. I really hate that dog! I feel like the lightbulb has finally came on and I'm starting to "see the field" like a QB. Time will tell.
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"Whether you think you can or can't, you're right." Henry Ford
  • #47,454
  • Nov 3, 2009 8:27am Nov 3, 2009 8:27am
Quoting raczekfx

Someone here complained that he didn't see any j16PA on my charts and he's right.... so be it..
Sure! The thread is all about J16 PA, and your posts have confused me earlier. I was thinking I visited the wrong thread.
  • #47,455
  • Nov 3, 2009 8:58am Nov 3, 2009 8:58am
how do u guys deal with sunday bars?

i've been ignoring it since it's only a few hours...but:

saw the pin at a good location but ignored it since it's a sunday bar and previous bars dont even reach the pin at all...

and missed a good trade
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  • #47,456
  • Nov 3, 2009 9:03am Nov 3, 2009 9:03am
dont mean to double post...but left out something i wanted to ask

if there's something like a 2-day pin bar...is there a 2 day bullish/bearish bar??
and are 2 day bars less reliable?
  • #47,457
  • Nov 3, 2009 9:12am Nov 3, 2009 9:12am
Quoting raczekfx
...
BTW. I'm taking extended LOA from FF. Onto bigger and better things..
Be smart, trade well
.
bigger & better hobbies?
do enjoy.... will be waiting for your return
  • #47,458
  • Nov 3, 2009 9:22am Nov 3, 2009 9:22am
Quoting arthurwtm
how do u guys deal with sunday bars?
...
saw the pin at a good location but ignored it since it's a sunday bar and previous bars dont even reach the pin at all...
and missed a good trade
here is a recent post by Sir mike about the recent Sunday bars.
dont worry about missing good setups, it happens from time to time, u should get used to it.
  • #47,459
  • Nov 3, 2009 9:38am Nov 3, 2009 9:38am
I did exit eu short from the previous div.

A nice conv is developing on the 4h chart - waiting for a PA to develop!
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Plan The Trade - Trade The Plan
  • #47,460
  • Nov 3, 2009 9:40am Nov 3, 2009 9:40am
two screen screen shot - sorry! I need to get this down!
Plan The Trade - Trade The Plan
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