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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

  • #52,221
  • Jan 20, 2010 7:12pm Jan 20, 2010 7:12pm
Quoting Dan Gilbert
I3B straddling 1.7000
to be more exact, that is actually an I7B (counting back towards the small bullish bar in the middle of your chart). if that small bull bar in the middle is still larger in range, then it could be an I13B (or more)
  • #52,222
  • Jan 20, 2010 7:42pm Jan 20, 2010 7:42pm
Quoting mbqb11
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The real way it stinks is for people who want to keep less funds in their trading account to safe guard themselves and have that extra money else where with the ability to transfer to their trading account(ie keeping 40% of your funds in your account trading it as 100% and the other 60% is in an FDIC or insured account where you can transfer as needed).
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That's what I'm peeved about.

I'd prefer to keep more cash in other places. Not leave it sitting in a broker account just to keep myself a safe buffer from margin calls.

I'd be happier with 25:1 than 10:1, to be honest.

I guess I'll be moving money back out of the U.S. soon. lol
Bundy's status today: "Waiting..."
  • #52,223
  • Jan 20, 2010 8:02pm Jan 20, 2010 8:02pm
Good old usd/chf still doing very nicely. Also I'm still for 50% on my cable trade which is looking good.
Learning to be rigid in my rules & flexible in my expectations
  • #52,224
  • Jan 20, 2010 8:08pm Jan 20, 2010 8:08pm
Oh man, just looked at the charts for the first time in weeks and just can't be bothered. LOL

I guess I'm just going to have to ease into it again.

Hope everyone has been playing nice.
Bundy's status today: "Waiting..."
  • #52,225
  • Jan 20, 2010 8:10pm Jan 20, 2010 8:10pm
Quoting bundyraider
Oh man, just looked at the charts for the first time in weeks and just can't be bothered. LOL

I guess I'm just going to have to ease into it again.

Hope everyone has been playing nice.
I missed you bro. I have been making great trades with your breakout technique...
Many choose unhappiness over uncertainty.
  • #52,226
  • Jan 20, 2010 8:17pm Jan 20, 2010 8:17pm
Quoting bundyraider
That's what I'm peeved about.

I'd prefer to keep more cash in other places. Not leave it sitting in a broker account just to keep myself a safe buffer from margin calls.

I'd be happier with 25:1 than 10:1, to be honest.

I guess I'll be moving money back out of the U.S. soon. lol
yes agreed this would be the only thing I can see as annoying. But alas we will adjust and move on

Hope your doing well "bunny"!
  • #52,227
  • Jan 20, 2010 8:17pm Jan 20, 2010 8:17pm
Quoting Dan Gilbert
I missed you bro. I have been making great trades with your breakout technique...
"MY" breakout technique?

lol.... It's as old as the hills that one, but it's a great way to trade for sure.
It adds a timing element that's easy to define and wait for. No worrying about whether you might not be "feelin' the charts today".
If there's a break out there's a break out, if it hasn't broke then just shut it off and head out to the beach for a while.
Bundy's status today: "Waiting..."
  • #52,228
  • Jan 20, 2010 8:30pm Jan 20, 2010 8:30pm
Quoting mbqb11
yes agreed this would be the only thing I can see as annoying. But alas we will adjust and move on

Hope your doing well "bunny"!
LOL. Yeah mate, doing great. Awesome summer over here, so having a great time.

Like you said we'll adjust. In fact I've already started mentally planning out what I'll do within half hour of reading it. LOL

Probably means splitting funds between a couple of brokers again to spread the eggs around. That's my primary concern. I don't necessarily object to having more money locked up.
Bundy's status today: "Waiting..."
  • #52,229
  • Jan 20, 2010 8:49pm Jan 20, 2010 8:49pm
Quoting bundyraider
LOL. Yeah mate, doing great. Awesome summer over here, so having a great time.

Like you said we'll adjust. In fact I've already started mentally planning out what I'll do within half hour of reading it. LOL

Probably means splitting funds between a couple of brokers again to spread the eggs around. That's my primary concern. I don't necessarily object to having more money locked up.

Nice to see you bundy !!

"awesome summer" you say.........love it, wish I where in your place

I'm looking through window and is snowing here, so it's quite opposite here the weather.

looking further for your posts!!

wish you the best!!
  • #52,230
  • Jan 20, 2010 8:54pm Jan 20, 2010 8:54pm
here is something that I'm looking like a hawk!!

when she will break she will never look back, past experience is telling me this

wish you the best!!

ps: mike favorite setup

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  • #52,231
  • Jan 20, 2010 9:12pm Jan 20, 2010 9:12pm
EURGBP weekly, I entered yesterday at 0.8765 exited today at 0.8660
115 pips on Demo..
I question the setup though ..
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  • #52,232
  • Jan 20, 2010 9:14pm Jan 20, 2010 9:14pm
Quoting triger88990
here is something that I'm looking like a hawk!!

when she will break she will never look back, past experience is telling me this

wish you the best!!

ps: mike favorite setup

Attachment
I would still wait for the pull back .... let me show you an example from the same pair..... when I saw the breakout area forming, I though there would be no retracement, but there was, it just took a few days. there was a BUOB on the 4hr where my arrow is...
Attached Image
Many choose unhappiness over uncertainty.
  • #52,233
  • Jan 20, 2010 9:15pm Jan 20, 2010 9:15pm
Quoting triger88990
here is something that I'm looking like a hawk!!

when she will break she will never look back, past experience is telling me this

wish you the best!!

ps: mike favorite setup

Attachment
I was watching that chart yesterday and I just had the same hopes right there

That should be a great trade, and yep thats mike's fav.
  • #52,234
  • Jan 20, 2010 9:26pm Jan 20, 2010 9:26pm
Quoting Dan Gilbert
I would still wait for the pull back .... let me show you an example from the same pair..... when I saw the breakout area forming, I though there would be no retracement, but there was, it just took a few days. there was a BUOB on the 4hr where my arrow is...
yep I know what you are saying but in curent market condition it will drop like an racket

and beside there are situation when you would never get a pullback

but it depends on everyone style, others are more aggresssively than those conservative that are waiting for pullback which is fine and more safer.

luck on equity markets for further clues, I think Mark have dropped a chart here last days, you should pay attention when mark is speaking

wish you the best!
  • #52,235
  • Jan 20, 2010 9:30pm Jan 20, 2010 9:30pm
Quoting Bee3a
I was watching that chart yesterday and I just had the same hopes right there

That should be a great trade, and yep thats mike's fav.
today it will be the big one

just have your stop lose in place and let the beast to do his job

wish you the best
  • #52,236
  • Jan 20, 2010 10:06pm Jan 20, 2010 10:06pm
Quoting bundyraider
Oh man, just looked at the charts for the first time in weeks and just can't be bothered. LOL

I guess I'm just going to have to ease into it again.

Hope everyone has been playing nice.

Hey bundy.

Good to see you mate.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #52,237
  • Jan 20, 2010 10:12pm Jan 20, 2010 10:12pm
Been really watching this pair really close , I think we might see a good PA in the upcoming sessions
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  • #52,238
  • Jan 20, 2010 10:16pm Jan 20, 2010 10:16pm
Quoting mike w
Yes sir! Next stop, IMO, is 1.0550. I'd be very surprised if price doesn't react in that general area.

BTW Jim, You didn't happen to notice the DD on the weekly gbp/jpy, did you? It's too much to risk for me so I'm definitely waiting for the pop and retrace.

Hey I see that 1.0550. Smack dap in the middle of a huge Weekly PPZ. Your right, probably a big reject there as well.
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Indicators show the past. Price Action "Indicates" the future.
  • #52,239
  • Jan 20, 2010 10:26pm Jan 20, 2010 10:26pm
Quoting mike w

BTW Jim, You didn't happen to notice the DD on the weekly gbp/jpy, did you? It's too much to risk for me so I'm definitely waiting for the pop and retrace.

No I didn't, until now Mike. Thanks.

Very nice, right at that 150.00. Which we can use to hide our stops no matter which way she may breaks.

Pop and retrace is sweet. Or we can look for some lower time frame PA and some of your 4 hour IBs to shows the way buddy.
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Indicators show the past. Price Action "Indicates" the future.
  • #52,240
  • Jan 20, 2010 10:31pm Jan 20, 2010 10:31pm
I lived here as a kid. Forests so dense you could get lost 3 feet from a trail.

these are everywhere and dont tell me its photo enhanced cause ive seen em with my own two eyes. lol.

they are blind as a bat but if one is pissed and gets a hold of you? well its not usually a pretty ending.

thanks to my old buddy quinn for this.

WOW!!!!!....what a pig!!!
Cute little Texas pig .......That was killed near the town of Cut-N-Shoot TX. We call them Piney Wood Rooter's.
Over 1800 lb. wild boar shot and killed in Conroe , Texas near the

County Airport , East of I-45 and near the community of Cut and Shoot.

Killed by a medical Radiology worker...What would you do if this beast

was coming at you? Run for dear life? Climb a tree , or simply get run over ?

Yep......only in Texas ! We were taught to stand still because their eye sight is poor. By standing still they probably would not see you

and walk right on by. And No you can't out run them!! Look at how tall the grass and weeds are. How fast do you think you would be


running thru that?
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