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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

  • #48,001
  • Nov 12, 2009 2:53pm Nov 12, 2009 2:53pm
remember this post, nice to see that when you trade your plan,everything it's more easy

Quoting triger88990
just saw this psychologica level .9300

price is making a beautiful double top with nice divergence

price have run,from 0.89, to this area without any sort of retracement, a nice PA would be nice.

lets see if she give some signs of exhaustion, a look at gold for more clues would give us more bias.

just make plan for the upcoming day

wish you the best!

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  • #48,002
  • Nov 12, 2009 2:58pm Nov 12, 2009 2:58pm
few more charts, on the e/u just ignore the last 3 sell line

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  • #48,003
  • Nov 12, 2009 3:07pm Nov 12, 2009 3:07pm
Missed that fabulous engulfing BEOB due no time for watching charts!
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  • #48,004
  • Nov 12, 2009 3:10pm Nov 12, 2009 3:10pm
Quoting triger88990
few more charts, on the e/u just ignore the last 3 sell line

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I love your charts bud



I have the feeling we are looking at the same things
  • #48,005
  • Nov 12, 2009 3:19pm Nov 12, 2009 3:19pm
Quoting benji533
and thanks rac for all your posts in this thread.
Mission completed
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  • #48,006
  • Nov 12, 2009 3:32pm Nov 12, 2009 3:32pm
Quoting benji533
I love your charts bud



I have the feeling we are looking at the same things
yours are the same,love them a lot

keep them as simple as possible,and not forget about the space

I'm like you here learning from this thread from my early beginning in forex.

credits belong to those who make this thread like my second home,like james,mike,rac,buny,tiaforex,joel,benji (kid inside the house).....and to all who post here.

many thanks!!

wish you the best!!
  • #48,007
  • Nov 12, 2009 3:35pm Nov 12, 2009 3:35pm
man it is hard to sit here and see all you guys in winning trades. I havnt seen a decent trade in weekss lol.
  • #48,008
  • Nov 12, 2009 3:49pm Nov 12, 2009 3:49pm
Quoting supermatt
man it is hard to sit here and see all you guys in winning trades. I havnt seen a decent trade in weekss lol.

hey supermatt let me give you an advice

I was like you in my beginning learning stage,I remember like yesterday thouse post made by mike when he always had to say somethigk rong about some trades.......hey the size of the bar isn't good.....about the close and open.....space........ohh you trade against a PPZ......all his comments made my had going crazy.

now I only can say: thank you mike!!

only after spending and putting all my strength and give the best I can do to achive my goals,I have been able to understand his word.

what can I say,read the hole trade as I did and after that read james mike rac bundy post 1 more time,and after that if you want some extra tools read 3 time rac's posts.

anyway I still learning!!

wish you the best!!
  • #48,009
  • Nov 12, 2009 3:50pm Nov 12, 2009 3:50pm
Quoting supermatt
man it is hard to sit here and see all you guys in winning trades. I havnt seen a decent trade in weekss lol.
Speaking of which, I had a sell stop at the bottom of the PB on E/U this morning at 1.4941. It hit, and I had the J16Manager EA running, setup to move my stoploss to B/E at +30pips, which it soon did. What do you know, the market pulls back, just barely takes me out then proceeds to take off to the downside for 100pips, which is where my 50% TP was set.

I keep reminding myself that James says a B/E trade is a winner - it would definitely feel more like it if I had those 100pips, but I will stick to the plan anyway. There will always be more opportunities in the future.
  • #48,010
  • Nov 12, 2009 4:01pm Nov 12, 2009 4:01pm
Quoting Wamo
Speaking of which, I had a sell stop at the bottom of the PB on E/U this morning at 1.4941....


Great to hear it's working for you!

(Imagine if it went the other way a hundred pips...)
  • #48,011
  • Nov 12, 2009 4:03pm Nov 12, 2009 4:03pm
Quoting benji533
Missed that fabulous engulfing BEOB due no time for watching charts!
Don't kick yourself too hard. There are much stronger ones than that anyway. Divergence made it 'ok' to take if you liked, but that's all. I seen that one real time and skipped it.

Quoting benji533
Mission completed

(I entered a little lower) The break-out/pullback of that H/S on the 1 hour is the only trade I've taken all week. Good easy money. How it should be.
Bundy's status today: "Waiting..."
  • #48,012
  • Nov 12, 2009 4:07pm Nov 12, 2009 4:07pm
Quoting supermatt
man it is hard to sit here and see all you guys in winning trades. I havnt seen a decent trade in weekss lol.
Don't know about everyone else, but I've taken f' all trades the past couple of months. So don't feel alone.
Bundy's status today: "Waiting..."
  • #48,013
  • Nov 12, 2009 4:26pm Nov 12, 2009 4:26pm
Quoting bundyraider
Don't know about everyone else, but I've taken f' all trades the past couple of months. So don't feel alone.

I'm in the same boat as Matt. Once you have solid rules and stick to em, it makes it mighty hard to take the lesser trades... as hard as it is to resist.
  • #48,014
  • Nov 12, 2009 4:38pm Nov 12, 2009 4:38pm
Quoting atclarkson
I'm in the same boat as Matt. Once you have solid rules and stick to em, it makes it mighty hard to take the lesser trades... as hard as it is to resist.
That's me. I've gotten pretty picky.

I'd have to watch the charts 24/7 to get any more to my standard. We know that aint gonna work. lol
Bundy's status today: "Waiting..."
  • #48,015
  • Nov 12, 2009 4:46pm Nov 12, 2009 4:46pm
Hi All

Anybody watching Gold. BEOB on Daily. Looks like a retrace to around the 1065 area could be possible.

No other confluence due to all time highs so probably best to wait for the retrace then look for long opportunities due to the strong uptrend.

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  • #48,016
  • Nov 12, 2009 5:22pm Nov 12, 2009 5:22pm
Quoting bundyraider
Don't know about everyone else, but I've taken f' all trades the past couple of months. So don't feel alone.
Hasn't been a world class daily trade in a looooong time IMO. Happens sometimes I guess.
  • #48,017
  • Nov 12, 2009 5:58pm Nov 12, 2009 5:58pm
Hi Guys,

Pin at 150 on H4 TF EUR /USD - First time back to 150 - Comments please...
  • #48,018
  • Nov 12, 2009 6:04pm Nov 12, 2009 6:04pm
e/u 4hr nice pin forming?

basically on daily candles trend is up.

I put S+R about 1.918

Entry about 1.4873

My second - Popped out at me - so I consider this A+ - please let me know if I am missing something.
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  • #48,019
  • Nov 12, 2009 6:07pm Nov 12, 2009 6:07pm
well hello there........
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Many choose unhappiness over uncertainty.
  • #48,020
  • Nov 12, 2009 6:13pm Nov 12, 2009 6:13pm
OMG!
another one?
This time Usd/Can
again on 4 hr

Trend has been down albeit not steeply down -

I am seeing tail at 1.0575 - not really a big round number - but sort of?
First - weak resistance is 1.0501 - but maybe doesn't really count? free to go below 1.0500
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