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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

  • #50,641
  • Jan 4, 2010 8:55am Jan 4, 2010 8:55am
Quoting nasir.khan
PA.
why anticipate...?
What if it keeps going and going..?

When in doubt, I make things even easier for myself.
I plot the line chart and go with the flow. try it one day.
You WILL leave the crowd behind much faster, than you think...

already said too much.... I .
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  • #50,642
  • Jan 4, 2010 8:58am Jan 4, 2010 8:58am
Quoting supremeChaos
Happy New Year rac (cant get through your PM, as usual )
Same to you SuperChaos...
I know you can't. I'm still enjoying my time off...sort of...

see you in... several weeks...
  • #50,643
  • Jan 4, 2010 9:05am Jan 4, 2010 9:05am
Quoting raczekfx
Same to you...
see you in... several weeks...
arent u enjoying too much?
ok, see u after your extended vacation Sir
  • #50,644
  • Jan 4, 2010 9:05am Jan 4, 2010 9:05am
Quoting raczekfx
1hr pin, 4hr IB.... test of the previous 7 day low (almost).
What else you want for the confirmation, before diving in....

Now, are we going to hit 1.45 or reverse from 1.4450..?

If you already moved your stops to BE +++, you might as well tell me
"Who cares rac...."
.
Nice previous 1h PB + test of the 7day high , i'm short to 1.42.
Happy new year
  • #50,645
  • Jan 4, 2010 9:11am Jan 4, 2010 9:11am
Quoting raczekfx
why anticipate...?
What if it keeps going and going..?

When in doubt, I make things even easier for myself.
I plot the line chart and go with the flow. try it one day.
You WILL leave the crowd behind much faster, than you think...

already said too much.... I .

Happy new year rac!!

Seems that you have already begin the new year .

I'm looking to be back to trade starting from this week, after the pause from the holidays which was a great one.

have a question for you, 99.00 is reassonable for you in next months as we have already close above 38.2

thanks, and wish you the best

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  • #50,646
  • Jan 4, 2010 9:12am Jan 4, 2010 9:12am
Quoting Dan Gilbert
I don't like using any trendline or PPZ to the exact pip if there's no round number confluenced to it. so if price "breaks" the trendline by a few pips, it doesn't matter. You need a valid, strong break. I wouldn't jump into a sell stop order on a break of this support trendline. Personally, If I'm awake and alert when the line breaks, I would anticipate a speedy retracement back to the .8855 price area, and then look for PA on the lower time frames to catch the fall. In the mean time I'm thinking it will continue to consolidate tighter as the...

Not to mention a damn close monthly DBHLC and weekly BEOB on pivots and fib.
  • #50,647
  • Jan 4, 2010 9:26am Jan 4, 2010 9:26am
Quoting triger88990
...
have a question for you, 99.00 is reassonable for you in next months as we have already close above 38.2..
i think he's in & out quickly, as always

Crude oil??? @ 99.00?!
if i may..
i hope u didnt disregard the traffic/range (85.50ish - 99) on the left side of your chart. the low is around 85.50. hopefully we get a TON of resistance there (ideally much earlier, around 81/82 area, the recent weekly highs) & we drop down to the max, for our sake...
  • #50,648
  • Jan 4, 2010 9:29am Jan 4, 2010 9:29am
Quoting triger88990
...
have a question for you, 99.00 is reassonable for you in next months as we have already close above 38.2

I'm looking for a demise of european union (yes you heard me right) within next ....(), so oil wont be sold in 'Euros' for sure.....

Let's see....

86-88 looks 'toppish' for me atm. We might get that price when euro hits 1.4620-80 within next few (), and then..... oh boy...
I see bloodshed.....

Don't bet your house on oil and fiber if you're long... too long.
  • #50,649
  • Jan 4, 2010 9:37am Jan 4, 2010 9:37am
Quoting Punter
Hello Guys
Happy New Year to all!
Its great place to be in. Been lurking and learning for past couple of months and looks like things are getting inside my brain.

H4-GCf short:
1. 8 hour reversal pattern at Strong PPZ.
2. Round No.
3. 50% fib
4. 365 EMA.
5. With Trend.

Cheers
Punter
Hi Punter,

So you've been delaying your first post here at this thread for all the right reasons.

"The good setups will usually always make it to the first trouble area" (Mike i.e mbqb11)

...and looks like this one of yours is well on its way...

Welcome to the group.

g.
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I believe . . .
  • #50,650
  • Jan 4, 2010 9:44am Jan 4, 2010 9:44am
Quoting raczekfx
I'm looking for...
ooops... so he's still in...
now on lurk mode

i dont feel good about what u said (sounds scary ), but thanks for your insight Sir.
  • #50,651
  • Jan 4, 2010 9:49am Jan 4, 2010 9:49am
Quoting supremeChaos
i think he's in & out quickly, as always

Crude oil??? @ 99.00?!
if i may..
i hope u didnt disregard the traffic/range (85.50ish - 99) on the left side of your chart. the low is around 85.50. hopefully we get a TON of resistance there (ideally much earlier, around 81/82 area, the recent weekly highs) & we drop down to the max, for our sake...

Yes I was aware of that area and I'm expecting some retrace for sure when we will get there. this scenario it's for a long term move

Pust experience is telling me that when we have a close above the 38.2 (in a perfect world)we will get the price around 50 and 61.8 ( only if you using major swing high/low),supporting by a PPZ witch I found nearly in that zone to be at 99.

some further details in picture below, it is a possible scenario

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  • #50,652
  • Jan 4, 2010 10:00am Jan 4, 2010 10:00am
Quoting raczekfx
I'm looking for a demise of european union (yes you heard me right) within next ....(), so oil wont be sold in 'Euros' for sure.....

Let's see....

86-88 looks 'toppish' for me atm. We might get that price when euro hits 1.4620-80 within next few (), and then..... oh boy...
I see bloodshed.....

Don't bet your house on oil and fiber if you're long... too long.

ok I see what you are saying, anyway for the moment I'm off the market
but just planning out my next moves.

wish you the best!!
  • #50,653
  • Jan 4, 2010 10:41am Jan 4, 2010 10:41am
Quoting ghous
Hi Punter,

So you've been delaying your first post here at this thread for all the right reasons.

"The good setups will usually always make it to the first trouble area" (Mike i.e mbqb11)

...and looks like this one of yours is well on its way...

Welcome to the group.

g.
Thank you Ghous! I try to learn as much as possible from masters here..
I think this puppy is going to run longer..as usual closed half at 90 pips.. SL moved to BE and watching the free run.

I was also watching H1 GU: Double Top+Div but didn't take it coz it didn't give strong PB on top. Didn't like the shape and size, location was great though! Well next one...

Cheers
Punter
  • #50,654
  • Jan 4, 2010 10:42am Jan 4, 2010 10:42am
Quoting raczekfx
why anticipate...?
What if it keeps going and going..?

When in doubt, I make things even easier for myself.
I plot the line chart and go with the flow. try it one day.
You WILL leave the crowd behind much faster, than you think...

already said too much.... I .
Hi,

Can I please ask what s&r indicator you use on your charts and whether you find it reliable?
"Fail to prepare, prepare to fail."
  • #50,655
  • Jan 4, 2010 10:49am Jan 4, 2010 10:49am
Quoting ghous
Quick 1% in the bag when you know what you're doing. Quick 1% in the bin when you don't.

.
That's just beautiful G. :thumbsup
  • #50,656
  • Jan 4, 2010 10:50am Jan 4, 2010 10:50am
Quoting packhorse
Hi,
Can I please ask what s&r indicator you use on your charts..
if i may...
i believe he put those lines manually; they are not from an indicator.
S/R plotting is mainly taught in this thread.
  • #50,657
  • Jan 4, 2010 10:56am Jan 4, 2010 10:56am
Quoting raczekfx
1hr pin, 4hr IB.... test of the previous 7 day low (almost).
What else you want for the confirmation, before diving in....

Now, are we going to hit 1.45 or reverse from 1.4450..?

If you already moved your stops to BE +++, you might as well tell me
"Who cares rac...."
.
He's been using Dark Magic! I've known that since a long time ago!! blasphemy to the Trading Gods!!

PS : I'm looking forward to be able to go back to the PF and read your whole journal and senior section :thumbsup
  • #50,658
  • Jan 4, 2010 11:58am Jan 4, 2010 11:58am
Quoting ninreznor
Is there a preferred time of when to open/close the daily bars? As of now mine open/close at Midnight CST. I would prefer not having to be up so late to have to enter a trade.

Would the bars o/c at say 6:00 am CST affect James' trading methods?
Hey Nin

Most of us tend to use what we are comfortable with. So generally speaking from 5pm-8pm est is where most of us land. I like to have an earlier close, close to NY close, so I use a 5pm one.

Best
Mike
  • #50,659
  • Jan 4, 2010 12:01pm Jan 4, 2010 12:01pm
1st trade of 2010

im anticipating 2 scenarios here, 1st might allow me to add to my position while the 2nd closes me out @ be+1 and i enter the waiting mode.
uchf seems to be ranging, as well as eurusd on the hrly tf
waiting to see how it plays out
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Simplicity is the key to success
  • #50,660
  • Jan 4, 2010 12:01pm Jan 4, 2010 12:01pm
I think I'm picking up on this faster than I was before. I see so many opportunities to make good trades almost everyday now.

If AUDUSD retraces back down the .9000, I think bullish PA would be a very good indication to go long. Just my $0.02
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Many choose unhappiness over uncertainty.
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