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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

  • #50,061
  • Dec 18, 2009 5:52am Dec 18, 2009 5:52am
Just finished reading the last couple of post and see you guys not only are still trading but with good results, do you never get a break, the christmas is coming soon and you should get relax.

hope that on christams market will be close otherwise some people will miss the joy of christams

I'm already in vacantion and I'm calling the year for me in trading, will be back for trading next year with new strength.


wish you the best!!
  • #50,062
  • Dec 18, 2009 7:16am Dec 18, 2009 7:16am
Quoting ekling
I decided to keep my short trade open and let it run for a while because i think it has potential to drop more. This pullback to the trendline and forming of a pinbar was exactly what i wanted to see. I will move my stop to above that pinbar for now with a guarantee +1% trade.
I am short this pair also off the 4 hr pin. Initial target 1.61 then maybe leave some on.
  • #50,063
  • Dec 18, 2009 7:26am Dec 18, 2009 7:26am
Quoting triger88990
Just finished reading the last couple of post and see you guys not only are still trading but with good results, do you never get a break, the christmas is coming soon and you should get relax.

hope that on christams market will be close otherwise some people will miss the joy of christams

I'm already in vacantion and I'm calling the year for me in trading, will be back for trading next year with new strength.


wish you the best!!
Some people are just addicted.. For me this is the best time to read and do other stuffs like helping other people.
  • #50,064
  • Dec 18, 2009 7:44am Dec 18, 2009 7:44am
Quoting Dan Gilbert
winning touch. S/L moved to even. manually monitoring for exit strategy.
Dan, what determined that specific level for your touch trade? I.e. why not 3-5pips above or below it, where there were some strong prior Highs/Lows too?
One Chart is Worth Ten Thousand Words.
  • #50,065
  • Dec 18, 2009 7:50am Dec 18, 2009 7:50am
Quoting ekling
I decided to keep my short trade open and let it run for a while because i think it has potential to drop more. This pullback to the trendline and forming of a pinbar was exactly what i wanted to see...
Awesome.... very nice!
try to manage the trade well.... & Kill gbp
  • #50,066
  • Dec 18, 2009 7:54am Dec 18, 2009 7:54am
Quoting supremeChaos
Awesome.... very nice!
try to manage the trade well.... & Kill gbp
Very nice but too many trendlines for my taste
  • #50,067
  • Dec 18, 2009 8:02am Dec 18, 2009 8:02am
Quoting Forex007
Dan, what determined that specific level for your touch trade? I.e. why not 3-5pips above or below it, where there were some strong prior Highs/Lows too?
if i may...
probably it's just arbitrary/discretionary on his part.
based on those prior lows/highs.

"OFF-answer": if u plot a Fib from 1.7015 to 1.6860ish (right-hand side of chart), probably there's a Fib confluence too.

Hope this helps


EDIT: Looks like Dan is now online... =)
  • #50,068
  • Dec 18, 2009 8:07am Dec 18, 2009 8:07am
Quoting djmanu
Very nice but too many trendlines for my taste
It's ok, it's normal.
we all have different taste buds
  • #50,069
  • Dec 18, 2009 8:21am Dec 18, 2009 8:21am
Quoting triger88990
Just finished reading...
hope that on christmas market will be close otherwise some people will miss the joy of christmas ...
no trades for me this december.
on vacation, but i continue reading posts as much as my current-choppy internet connection allows me

I enjoy reading & learning amidst this joyous season...
Absolutely no regret.
in fact, a few days from now i plan to re-read posts & review the free videos. doing this helps to cement in my mind the things that we learn here. Repetition is vital to our success.


Happy Holidays & see u next year
  • #50,070
  • Dec 18, 2009 8:40am Dec 18, 2009 8:40am
Possible Bounce to 1.45x level..

Sonic
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  • #50,071
  • Dec 18, 2009 8:59am Dec 18, 2009 8:59am
I think daily MA200 is very possible
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ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #50,072
  • Dec 18, 2009 9:00am Dec 18, 2009 9:00am
2 Things

Does anyone know if forex tester have gaps in there data?

Does anyone want to try and coordinate buying multiple licenses so we can get it at a cheaper price?

Thanks!
  • #50,073
  • Dec 18, 2009 9:07am Dec 18, 2009 9:07am
so many different ways to view the mkt ...
would like to see an inside bar on the daily and then continuation shorts
bop wont be bad on the hrly
goodluck guys
trade safe
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Simplicity is the key to success
  • #50,074
  • Dec 18, 2009 9:16am Dec 18, 2009 9:16am
On Dec 14, 2009, I said

Quoting Dan Gilbert
draw me a big ass 4hr pinbar/BEOB please

shortly after that post, I posted this (same day)

Quoting Dan Gilbert
Oh no... this is not what I wanted to happen (weak pin), but I feel almost like I must trade this... what do you guys think?

the yellow trendlines represent the divergence, the red trendline is the daily trendline, and you can also see the .7500 round number.....

result:

(what used to be the the red daily trendline is now turquoise, and I took out the yellow divergence lines, but you could draw them in yourself between the swing highs if you don't believe me )
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Many choose unhappiness over uncertainty.
  • #50,075
  • Dec 18, 2009 9:31am Dec 18, 2009 9:31am
Quoting supremeChaos
no trades for me this december.
on vacation, but i continue reading posts as much as my current-choppy internet connection allows me

I enjoy reading & learning amidst this joyous season...
Absolutely no regret.
in fact, a few days from now i plan to re-read posts & review the free videos. doing this helps to cement in my mind the things that we learn here. Repetition is vital to our success.


Happy Holidays & see u next year

glad to hear that from you and I'm like you at every end weekend I read through james chart, rac and mike to refresh my view it's have an huge benefits doing this every weekend, and about the free viodeo forgot them after watching them for 4-5 times, but planning to watch them again soon.

hope you'll fix the crappy internet connection because this could be annoying when you trade.

wish you the best!!
  • #50,076
  • Edited Dec 19, 2009 5:46am Dec 18, 2009 9:42am | Edited Dec 19, 2009 5:46am
Quoting sonicdeejay
Possible Bounce to 1.45x level..

Sonic
Maybe this is if you are looking for some scalp,but if you think you could fight with such a strong trend

here in europe things are not going to settle soon, we whould have some real economic problems, as rac mentioned befor after what happened in Greece,next one are Spain and Portugal and I'll mention even Ireland

all this things will sustain the fiber dips and I think till jan-feb we will have some big moves.

So I think we will not see 1.45xx soon

thouse are only my views

wish you the best!!
  • #50,077
  • Dec 18, 2009 9:46am Dec 18, 2009 9:46am
Quoting Dan Gilbert
On Dec 14, 2009, I said




shortly after that post, I posted this (same day)




result:

(what used to be the the red daily trendline is now turquoise, and I took out the yellow divergence lines, but you could draw them in yourself between the swing highs if you don't believe me )
hey Dan

nice job bro, really like your charts, and how you mange them, by the way what software are you using?

Keep the good work up, and you would never imagine how far you will go

wish you the best
  • #50,078
  • Dec 18, 2009 9:57am Dec 18, 2009 9:57am
Quoting triger88990
hey Dan

nice job bro, really like your charts, and how you mange them, by the way what software are you using?

Keep the good work up, and you would never imagine how far you will go

wish you the best
Thanks man.

what do you mean software? For my picture editing? I just use microsoft paint.
Many choose unhappiness over uncertainty.
  • #50,079
  • Dec 18, 2009 10:04am Dec 18, 2009 10:04am
Quoting Dan Gilbert
Thanks man.

what do you mean software? For my picture editing? I just use microsoft paint.
yes I was referring with what you are editing your picture, Now I know

anyway I'm looking for something else bc I'm not that much in love with paint,and was trying to figure out others software.

thanks
  • #50,080
  • Dec 18, 2009 10:14am Dec 18, 2009 10:14am
Quoting supremeChaos
if i may...
probably it's just arbitrary/discretionary on his part.
based on those prior lows/highs.
"OFF-answer": if u plot a Fib from 1.7015 to 1.6860ish (right-hand side of chart), probably there's a Fib confluence too.
Thank you, Supreme!
One Chart is Worth Ten Thousand Words.
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