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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

  • #47,761
  • Nov 8, 2009 10:57pm Nov 8, 2009 10:57pm
Quoting jarroo
I like it Roger. Seeing Price Action before it even develops.

You know if this happens we will be asking you for your voodoo magic, my friend. lol
Here is my first prediction Jaroo. Price will move from the left of our charts to the right. Let's see how that plays out. I'm in sideways.

K.I.S.S.
  • #47,762
  • Nov 8, 2009 10:59pm Nov 8, 2009 10:59pm
Quoting mbqb11
Yeah looks like James got his bday present after all
6-2 bro! Hey Mike does MT4 have a drawing tool? I can't locate one.

K.I.S.S.
  • #47,763
  • Nov 8, 2009 11:00pm Nov 8, 2009 11:00pm
Quoting Dan Gilbert
what I mean is, if I took a long position at the top of the DBLHC, and the momentum stalled at the resistance trendline above, that is something I should see as a roadblock to a runner trade.



What I said above to answer your first question, is the reason I'm using this advice to wait for a higher probability play. I hope I make sense....

Yes, I see now Dan. The trendline and the 1.0800 strong area of resistence. That could stop momentum in its tracks.
Indicators show the past. Price Action "Indicates" the future.
  • #47,764
  • Nov 8, 2009 11:05pm Nov 8, 2009 11:05pm
Quoting KissFan
Here is how I entered. This is a trade that I'm in and posted on the PF. I see resistance again at 1.6745.

K.I.S.S.
Very nice. Yeah, I see 1.6745. But if the 1.6700 becomes support you could be in this trade for a long time.
Indicators show the past. Price Action "Indicates" the future.
  • #47,765
  • Nov 8, 2009 11:05pm Nov 8, 2009 11:05pm
Quoting KissFan
6-2 bro! Hey Mike does MT4 have a drawing tool? I can't locate one.

K.I.S.S.
Not bad, not quite my vikings but pretty good

Nope I just use the trendlines and then right click the properties and go to the parameters tab and uncheck the ray button

Mike
  • #47,766
  • Nov 8, 2009 11:10pm Nov 8, 2009 11:10pm
Quoting mbqb11
Not bad, not quite my vikings but pretty good

Nope I just use the trendlines and then right click the properties and go to the parameters tab and uncheck the ray button

Mike

Ok thx Mike.

K.I.S.S.
  • #47,767
  • Nov 8, 2009 11:10pm Nov 8, 2009 11:10pm
Can I get someone's viewpoint on the massive NZD/USD gap up? On such a bearish monthly pin bar, I am looking for short entries, and this 100 pip gap up that has not closed looks intriguing. of course I will need better, but what are your guys's thoughts?
Dr. C
  • #47,768
  • Nov 8, 2009 11:11pm Nov 8, 2009 11:11pm
Vikings?

K.I.S.S.
  • #47,769
  • Nov 8, 2009 11:15pm Nov 8, 2009 11:15pm
Quoting cvcamper
Can I get someone's viewpoint on the massive NZD/USD gap up? On such a bearish monthly pin bar, I am looking for short entries, and this 100 pip gap up that has not closed looks intriguing. of course I will need better, but what are your guys's thoughts?
I have started to nibble at it too I scale in slow on gaps, so I will look to add at the 61.8 and up to 7500 if we get there
  • #47,770
  • Nov 8, 2009 11:52pm Nov 8, 2009 11:52pm
Quoting mbqb11
Agreed, the bias of one who sees a support or resistance and expects price to automatically get rejected can be a dangerous one. This can be a perfect area for a play long as well, in fact that would be my bias if we can get above this and it turn to strong support

Mike
either that or a "touch" trade short
  • #47,771
  • Nov 9, 2009 1:36am Nov 9, 2009 1:36am
Quoting jarroo
Very nice. Yeah, I see 1.6745. But if the 1.6700 becomes support you could be in this trade for a long time.
I hope your right Jarroo
This was poetry in motion for me.
Its nice to get a runner, been struggling lately as im a newbie.

Cheers
Lee
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PASR student.
  • #47,772
  • Nov 9, 2009 1:38am Nov 9, 2009 1:38am
Speaking of the 1.67 level of GBPUSD, 30M pin bar off strong support was good for a few pips.

Edit: ha, looks like I was beaten to it.
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  • #47,773
  • Nov 9, 2009 1:40am Nov 9, 2009 1:40am
Quoting jarroo
....

And like I said, I'm sure Dale likes this one. (4 hour Double Inside Bar)
On that AUD/USD 4 hour, is that x your entry on the retrace?
  • #47,774
  • Nov 9, 2009 1:58am Nov 9, 2009 1:58am
Happy Birthday Jim and have a great birthday celebration
  • #47,775
  • Nov 9, 2009 2:17am Nov 9, 2009 2:17am
I was watchin this clear flag pattern but did not pull the trigger bcos i wasnt gonna hold a 4h bo+pb position over the weekend. but it worked out nicely.

Here is another bo+pb trade setting up nicely. I am sure Mike has this on his radar.

Hunri
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  • #47,776
  • Nov 9, 2009 2:40am Nov 9, 2009 2:40am
another potential, whether it works or not only tym wil tell
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  • #47,777
  • Nov 9, 2009 2:48am Nov 9, 2009 2:48am
Quoting kiwipom
I hope your right Jarroo
This was poetry in motion for me.
Its nice to get a runner, been struggling lately as im a newbie.

Cheers
Lee
Technically speaking you shouldn't be loitering around the 30min tf then...

g.
I believe . . .
  • #47,778
  • Edited 3:13am Nov 9, 2009 3:01am | Edited 3:13am
The results of the Commercial Forum policy from Twee. Posted yesterday.

http://www.forexfactory.com/showthread.php?t=205517

I am slightly confused as to whether this means Jim can no longer use private messaging. Anyway, this is not a debate for this thread but as it has been something of interest just wanted to link you guys. Looks like discussions regarding it can take place on the linked thread.
  • #47,779
  • Nov 9, 2009 3:12am Nov 9, 2009 3:12am
Quoting ghous
Technically speaking you shouldn't be loitering around the 30min tf then...

g.
Yes your right Ghous but i cant help but watch price action around strong support/ resistance areas, on all time frames. Particularly on a retracement.
PASR student.
  • #47,780
  • Nov 9, 2009 3:38am Nov 9, 2009 3:38am
Missed my TP for just a couple of pips.
Nice trade, anyway.
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