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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

  • #49,581
  • Dec 11, 2009 4:10am Dec 11, 2009 4:10am
Quoting triger88990
hmmm I don't know what to say but at me looks like see will go higher, I could be wrong on this but this is just what I see for now

Maybe this is just because it's 4:46 AM my local time

all we can do is wait to see in which direction she will go

wish you the best!

PS: trade wisely
on fiber I didn't wait for the break of IB over the daily chart, entered on breakout pullback at an important resistance level

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  • #49,582
  • Dec 11, 2009 4:15am Dec 11, 2009 4:15am
Quoting triger88990
on fiber I didn't wait for the break of IB over the daily chart, entered on breakout pullback at an important resistance level
Bear in mind that we are still inside the box and price may well turn at the top - manage it tightly for now.
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  • #49,583
  • Dec 11, 2009 4:22am Dec 11, 2009 4:22am
Quoting triger88990
on fiber I didn't wait for the break of IB over the daily chart, entered on breakout pullback at an important resistance level

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Hey Trig,

Not scalpin the JPY's.

Btw Mattw is right here anything could happen until 780.

Hope i am not messing with your trade plans.
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  • #49,584
  • Edited 4:40am Dec 11, 2009 4:24am | Edited 4:40am
Quoting triger88990
..........
Anyway I do expected to go lower(some few pips) and hope to reloaded for my long,if it goes there where i'm looking for the moment, but it could not go there and continue raising without me but this is not a problem,I'll wait for the next opportunities.
........
on my yens crosess I did what market was telling me to do, it was yelling me to take it, didn't wanted to miss the train. And not to mention that publi dept are exploding in japan and not to mention that Mr Yukio Hatoyama could not face this situation.
Anyway even without knowing those information this move it was very "predictable"

wish you the best!!

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  • #49,585
  • Dec 11, 2009 4:26am Dec 11, 2009 4:26am
Quoting nasir.khan
Hey Trig,

Not scalpin the JPY's.
on my yen I'm not kidding with them so not scalping, aiming for much more then just a scalp

trade wisely

wish you the best!!
  • #49,586
  • Dec 11, 2009 4:55am Dec 11, 2009 4:55am
Quoting triger88990
on my yen I'm not kidding with them so not scalping, aiming for much more then just a scalp

trade wisely

wish you the best!!
Well they are touching 50% Retraces.
  • #49,587
  • Dec 11, 2009 5:04am Dec 11, 2009 5:04am
Quoting mike w
Have I ever mentioned that I love I4Bs in solid spots; like the eur/usd right now?
Mike (or anyone else), just wanted to check something on this, are you looking for it to break the green lines I have drawn or is the IB to the right of the green lines I have drawn?

Thanks
Verno
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  • #49,588
  • Dec 11, 2009 5:13am Dec 11, 2009 5:13am
Quoting nasir.khan
Well they are touching 50% Retraces.
Well you are right, and we could have some retrace(I'm not expecting that much to be...),we are on higher tf so look at the big picture,but as I said I could be all wrong in my assumption.

Do not forget something simple 50% won't mean nothing if we are not in a heavy PZZ with confluence,anyway this is just what I see for now.

well you must know that sometime they will fail,I think we are in this case here,but I'm predicting price which is bad so let the market to tell us what to do, and do not forget that we are on a higher TF.

I could be all wrong,so caution

wish you the best!!
  • #49,589
  • Dec 11, 2009 5:13am Dec 11, 2009 5:13am
Quoting verno
Mike (or anyone else), just wanted to check something on this, are you looking for it to break the green lines I have drawn or is the IB to the right of the green lines I have drawn?

Thanks
Verno
Yes there's two ways to play this breakout. Either take the break of your green lines, which encompasses the sideways movement of the last three days, or wait for a breakout and then play PA on a touch of the green line when price retraces after the breakout.
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  • #49,590
  • Dec 11, 2009 5:45am Dec 11, 2009 5:45am
Quoting MattW
Yes there's two ways to play this breakout. Either take the break of your green lines, which encompasses the sideways movement of the last three days, or wait for a breakout and then play PA on a touch of the green line when price retraces after the breakout.
Thanks Matt
  • #49,591
  • Dec 11, 2009 6:54am Dec 11, 2009 6:54am
Quoting pipmyride
How does this actually work - does it work on any line u place on there ? Do you have to do anything other than add it to chart ?
Hi,

Check your PM I sent you details on how to use Indi or visit this thread for more info.

http://www.forexfactory.com/showthread.php?t=15197
Tesla's Fancy Shmancy Alerting EA / Indicator
Attached File(s)
File Type: mq4 Alerter.mq4   3 KB | 404 downloads
File Type: ex4 Alerter4U.ex4   8 KB | 400 downloads
The purpose of knowledge is action, not knowledge
  • #49,592
  • Dec 11, 2009 8:28am Dec 11, 2009 8:28am
Looks like EUR/USD might be about to break south...
  • #49,593
  • Dec 11, 2009 8:35am Dec 11, 2009 8:35am
Sorry again for not posting a chart, the charts I use at work I cannot paste or save - only the MT4 charts on my personal computer.

Today (WAY EARLY to tell yet) we could be posting a double IB on this pair, which has been hovering just under the 1.6800 area. Mike has referenced this before, but I can assure you there is heavy order flow at both 1.6500 and 1.7000 on this pair. This consolidation will not go on much longer before it will be drawn like a magnet to one of these areas.

My bias is long and I have my order entry in place just above 1.6800. If price breaks through this area it will have built up momentum and I expect a sharp move. It could just as easily break down to the 1.6500 area (where I will be a buyer as well) before returning to 1.6800.

In essence I am stalking this trade and it is very important to be patient in your trading. I would not be taking any trades within this consolidation and despite my confidence on a big move coming I will still only risk 1% of my account.

Happy Friday trading everyone!!!

Nathan
  • #49,594
  • Dec 11, 2009 8:44am Dec 11, 2009 8:44am
Friends we are getting really close to the big round number of 1.60, which is a major pivot for this pair. I am looking for a reversal at this level or a break-through and retracement back 1.60 on the daily.

Notice the level brings the interest before price action..........this helps keep me patient and wait for the right moment to strike.

Nathan
  • #49,595
  • Dec 11, 2009 8:52am Dec 11, 2009 8:52am
Quoting dobe_r_man
Sorry again for not posting a chart, the charts I use at work I cannot paste or save - only the MT4 charts on my personal computer.
Sorry if this sounds obvious but have you tried just pressing Alt-PrintScrn. This should save the active window of any application to the clipboard and then paste it to MSPaint or whatever to save it as .jpg or .bmp
  • #49,596
  • Dec 11, 2009 9:01am Dec 11, 2009 9:01am
Quoting benji533
ok closed that short yesterday for 8R and went long as planed in my above post.

wow...I LOVE dailies. Really. No stress, time for everything, and still good money.

Trade well everyone!...and congrats trigger
Do we have more room to move...?
Took half position off for another 6R profit, and letting the rest run.
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  • #49,597
  • Dec 11, 2009 9:02am Dec 11, 2009 9:02am
lol, I hope I have one more chance on this EURUSD buy limit.... missed my order by just a few pips....
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Many choose unhappiness over uncertainty.
  • #49,598
  • Dec 11, 2009 9:10am Dec 11, 2009 9:10am
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  • #49,599
  • Dec 11, 2009 9:14am Dec 11, 2009 9:14am
Quoting benji533
.
Benji

You have become a master at this! Have you figured this out just from Racs posts?
  • #49,600
  • Dec 11, 2009 9:23am Dec 11, 2009 9:23am
Quoting MattW
Benji

You have become a master at this! Have you figured this out just from Racs posts?
No, not a master yet. Gone through only 420 of rac's posts so far, very slowly. Long way ahead of me....

Anyway, I thank god for finding this thread with James, Mike and Mark included.

Trade well mate...
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