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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

  • #48,521
  • Nov 23, 2009 4:45am Nov 23, 2009 4:45am
PA+S/R lets see.........
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  • #48,522
  • Edited 6:04am Nov 23, 2009 5:52am | Edited 6:04am
Hadn't taken any J16 trades in at least a week, (or maybe even 2!), then felt confident with this H4 Pin on the AUD/USD.

1. Strong uptrend.
2. Good Pin.
3. At swing low with lots of space
4. Off 61.8 Fib level

Took half off at around 20 pips and placed a trailing stop on the remainder. At the moment, have around 50 pips locked in on that. Will just let it ride.

Had a couple of other trades that didn't work out, will post them next.



...
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  • #48,523
  • Nov 23, 2009 5:56am Nov 23, 2009 5:56am
This was almost identical to the AUD/USD, but I killed the trade as price was stalling at strong PPZ. I combined the 2 x 4 hourly bars to make an 8 hour pin.

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  • #48,524
  • Nov 23, 2009 6:03am Nov 23, 2009 6:03am
Same setup as the AUD/CHF but in reverse. (Maybe correlation?). 8 hour pin stalled a little so I got out for a couple of pips profit.

...
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  • #48,525
  • Edited 8:14am Nov 23, 2009 7:41am | Edited 8:14am
anyone who took audusd is on their way.... my euraud is not engaged yet!


EURAUD daily chart:
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Many choose unhappiness over uncertainty.
  • #48,526
  • Edited 8:14am Nov 23, 2009 7:48am | Edited 8:14am
Here is my trade management plan. (daily chart) EURAUD
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Many choose unhappiness over uncertainty.
  • #48,527
  • Nov 23, 2009 8:10am Nov 23, 2009 8:10am
Quoting Dan Gilbert
Here is my trade management plan.
I jumped in last night on EUR/AUD on 4 hour chart, however if you trade daily chart that nice looking pin has just broke for another entry opportunity.
  • #48,528
  • Nov 23, 2009 8:15am Nov 23, 2009 8:15am
Quoting el_duende
I jumped in last night on EUR/AUD on 4 hour chart, however if you trade daily chart that nice looking pin has just broke for another entry opportunity.
yeah the picture I posted is the daily chart. Forgot to add that. sell stop engaged.....
Many choose unhappiness over uncertainty.
  • #48,529
  • Nov 23, 2009 8:40am Nov 23, 2009 8:40am
Quoting Dan Gilbert
yeah the picture I posted is the daily chart. Forgot to add that. sell stop engaged.....
Nice trade....that is what I love about price action trading. You guys should pick up pips on the lower timeframes and I am waiting for my retracement entry to go long off of the weekly Buob.

Please push it down to 1.6105 area if you don't mind.....

Nathan
  • #48,530
  • Nov 23, 2009 8:44am Nov 23, 2009 8:44am
Quoting dobe_r_man

Please push it down to 1.6105 area if you don't mind.....

Nathan

Now wait a minute.... 1.6105 is only my first target...

Please push down to 1.6000 area!!!!
Many choose unhappiness over uncertainty.
  • #48,531
  • Nov 23, 2009 8:47am Nov 23, 2009 8:47am
Quoting Dan Gilbert
Now wait a minute.... 1.6105 is only my first target...

Please push down to 1.6000 area!!!!
Ha ha........that is fine as well, my stop will below that area.

Nathan
  • #48,532
  • Nov 23, 2009 9:23am Nov 23, 2009 9:23am
Quoting g_j_hook@yah
gb/us I3B on the 4h chart looks like its about to break to the down side?? maybe a chance to get in on the down swing, or extend your short if your already in?? its lying on a PPZ so iv set my order to trigger just under that

jon

EDIT: added chart,excuse the mess its my working chart,( im off to bed..lol)
well it broke to the upside after all!! (and stopped out my daily ib trade) hope some yone caught a few pips??
i will be looking for some bearish PA around now??
jon

p.s. i just noticed the typo...it should have read I2B not I3B...
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PATIENCE... DISCIPLINE
  • #48,533
  • Nov 23, 2009 9:27am Nov 23, 2009 9:27am
I loved the way you displayed this! I'm such a simpleton, but isn't that the way we are being taught to trade?
thank you!!!!!!! For me starting off this format really helped me visually.
  • #48,534
  • Nov 23, 2009 9:33am Nov 23, 2009 9:33am
Print me a red PB here.

K.I.S.S.
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  • #48,535
  • Nov 23, 2009 9:38am Nov 23, 2009 9:38am
Quoting KissFan
Print me a red PB here.

K.I.S.S.
sounds good to me....hows a hanging man sound??!! or even a doji??
jon
PATIENCE... DISCIPLINE
  • #48,536
  • Nov 23, 2009 9:43am Nov 23, 2009 9:43am
just hitting and reversing lets see if could get 30 pips for BE.
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  • #48,537
  • Nov 23, 2009 9:44am Nov 23, 2009 9:44am
Quoting g_j_hook@yah
sounds good to me....hows a hanging man sound??!! or even a doji??
jon
I'm fine with that too. It could give me a better entry. Maybe an IB just under the trendline. I'm watching the Dow right now and it is still looking strong. My candle closes in 17 minutes. Maybe after lunch we will get some good PA.

K.I.S.S.
  • #48,538
  • Nov 23, 2009 10:04am Nov 23, 2009 10:04am
Quoting KissFan
Print me a red PB here.

K.I.S.S.
No dice but the Dow is off it's highs. Looking for a plan B to short. Waiting.

K.I.S.S.
  • #48,539
  • Nov 23, 2009 11:05am Nov 23, 2009 11:05am
Quoting KissFan
I'm fine with that too. It could give me a better entry. Maybe an IB just under the trendline. I'm watching the Dow right now and it is still looking strong. My candle closes in 17 minutes. Maybe after lunch we will get some good PA.

K.I.S.S.
Well i got somthing for a start.

1-Weekly resistanse break.

2-BEOB break in 1H and 30M with DIV (IB also).

3-Touching 1.5 and coming down.
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  • #48,540
  • Nov 23, 2009 11:12am Nov 23, 2009 11:12am
Quoting nasir.khan
Well i got somthing for a start.

1-Weekly resistanse break.

2-BEOB break in 1H and 30M with DIV (IB also).

3-Touching 1.5 and coming down.
Hi Nasir! AUDUSD looks similar on the 1hr. No trades for me yet. I'm still waiting.

K.I.S.S.
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