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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

  • #55,141
  • Feb 16, 2010 5:56am Feb 16, 2010 5:56am
Quoting chatzi
I want to ask a question about touch trades, (an advanced method that newbies should not start with, if you are new goto page 1 and follow from there).
hi chatzi
if you didnt read this thread earlier please take a look here (deadly accuracy method): http://www.forexfactory.com/showthread.php?t=206723
it's about breaking S/R and playing with them
regards
  • #55,142
  • Feb 16, 2010 5:57am Feb 16, 2010 5:57am
Quoting bartstop
10 minutes to go until close of this candle.
Against divergence , and those sideways bars up top being a bit close.

Just letting you know in case you missed the divergence.
Bundy's status today: "Waiting..."
  • #55,143
  • Feb 16, 2010 6:00am Feb 16, 2010 6:00am
Quoting chatzi
Lol the last 2 or three links I read last night thats when I got the light bulb moment and hit the charts. The first one has be scratching my head a bit, needs more thought.

Thanks.

Chatzi
Lol yea the first one got me scratching my head for several days.

I like your Bathroom reading idea, don't push anything let it come to you smooth and simple.
  • #55,144
  • Feb 16, 2010 6:02am Feb 16, 2010 6:02am
Quoting oromek
hi chatzi
if you didnt read this thread earlier please take a look here (deadly accuracy method): http://www.forexfactory.com/showthread.php?t=206723
it's about breaking S/R and playing with them
regards
Thanks,

But I have enough reading in this thread.

Regards
Chatzi
  • #55,145
  • Feb 16, 2010 6:02am Feb 16, 2010 6:02am
Quoting oromek
hi chatzi
if you didnt read this thread earlier please take a look here (deadly accuracy method): http://www.forexfactory.com/showthread.php?t=206723
it's about breaking S/R and playing with them
regards
Agree.
Nice thread.
  • #55,146
  • Feb 16, 2010 6:08am Feb 16, 2010 6:08am
Quoting nasir.khan
I like your Bathroom reading idea, don't push anything let it come to you smooth and simple.
Are you taking about trading or bathroom
  • #55,147
  • Feb 16, 2010 6:08am Feb 16, 2010 6:08am
I hope this is beneficial to some of the newer traders. I think the chart speaks for itsself. Now don't anyone get upset, I know there isn't price action yet (so I am not recommending a trade) but it highlights confluence and areas of interest.

Let price and setups come to you............

Nathan
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  • #55,148
  • Feb 16, 2010 6:11am Feb 16, 2010 6:11am
A question to all the guy's interested in Touch trading,

Should we go short just now or go long after break of 75.70????
.
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  • #55,149
  • Feb 16, 2010 6:11am Feb 16, 2010 6:11am
Quoting nasir.khan
Completely Agree SC,

Not directed to Jduester, SP or anyone else here.,

When these people arrive at a point where they get to know that the Degrees they have earned by studying their A$$ off for past 16-18 years, Have nothing to do with the trading skills they need to acquire, They need to make a decision, either to screw up and keep mixing the both, or to put down there ego and start learning from ZERO.

This decision would be Pivotal for there future in trading.

P.S: Het SC Long time Bro.
Totally agree Nasir. I'm in the process of realizing that now and it's make a big difference in my mindset and how I go about trading. My education and analytical background have much smaller significance here than originally thought. I'm starting to bring the 'art' into trading instead of treating it solely as 'science.'

Let the chart tell me it's 'story.'

Josh
  • #55,150
  • Feb 16, 2010 6:12am Feb 16, 2010 6:12am
Quoting bundyraider
Sleeping pattern info...

Anyone here heard of Polyphasic sleeping?? ....
thanks Sir.
your post made me remember Jduester last year mentioned this.

Jduester, how did it go?
  • #55,151
  • Feb 16, 2010 6:17am Feb 16, 2010 6:17am
Quoting bundyraider
Sleeping pattern info...

Anyone here heard of Polyphasic sleeping??

(Most of you would have heard of your circadian rhythm anyway. )

There are three types of sleeping...

Monophasic :-...
Hey Bundy,
I have some experience with this. Eager to read your link. I've been on a bi-phasic schedule for 9 months now, though I'm recently a little torn. I might be going back to a normal 7.5hr night (5 cycles) as I train for a marathon and while I'm only trading d/w charts anyway, so no big need to get up so early.

http://www.stevepavlina.com/forums/h...tml#post346094

Sorry for throwing thread slightly off track

Josh
  • #55,152
  • Feb 16, 2010 6:18am Feb 16, 2010 6:18am
Quoting dobe_r_man
I don't consider myself a senior member, though I lurked long before I posted and I was part of the private forum (so I am old if that counts for anything.......), but I would say this:

- If you are new to this thread you are doing a disservice to yourself
[b]...
You make us all proud Nathan.

g.
I believe . . .
  • #55,153
  • Feb 16, 2010 6:29am Feb 16, 2010 6:29am
Quoting Jduester
Hey Bundy,
I have some experience with this. Eager to read your link. I've been on a bi-phasic schedule for 9 months now, though I'm recently a little torn. I might be going back to a normal 7.5hr night (5 cycles) as I train for a marathon and while I'm only trading d/w charts anyway, so no big need to get up so early.

http://www.stevepavlina.com/forums/h...tml#post346094

Sorry for throwing thread slightly off track

Josh
Thanks Josh, I'm going to read more of that tomorrow. It's interesting reading.
Going through just the first few days of posts I can see that reading the link I gave in my post might have given you a few ahah! moments. lol

,B

Edit: When taking body repair into account, training for a marathon while also limiting your sleep I thought would not work very well at all!
Bundy's status today: "Waiting..."
  • #55,154
  • Feb 16, 2010 6:32am Feb 16, 2010 6:32am
Quoting AQs
Glad you remember who I am
Thr f12 button is ok to spot the patterns but you know, you can't trade... I could use vhands but I think forex tester is best
Here's a simulator that you can use in Mt4. Even has an installer.
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  • #55,155
  • Feb 16, 2010 6:38am Feb 16, 2010 6:38am
Quoting nasir.khan
A question to all the guy's interested in Touch trading,

Should we go short just now or go long after break of 75.70????
.
If you want to play it safe, wait for CL to have broken through 75.50-75.70 and is coming back for a retest of that level. Then go long with the trend. First area of trouble: 76.50
It's not about how much you make, it's about how much you don't lose.
  • #55,156
  • Feb 16, 2010 6:42am Feb 16, 2010 6:42am
Quoting Dhb
If you want to play it safe, wait for CL to have broken through 75.50-75.70 and is coming back for a retest of that level. Then go long with the trend. First area of trouble: 76.50
I already had my answer when i posted the chart Boy.

Just wanting to see how other would approach this.
.
  • #55,157
  • Feb 16, 2010 6:53am Feb 16, 2010 6:53am
Quoting nasir.khan
I already had my answer when i posted the chart Boy.

Just wanting to see how other would approach this.
.
Aren't I one of the "others" then, Nasir?
It's not about how much you make, it's about how much you don't lose.
  • #55,158
  • Feb 16, 2010 6:58am Feb 16, 2010 6:58am
Quoting Dhb
Aren't I one of the "others" then, Nasir?
Sorry my bad.

Ohhh yea you are, you certainly are.

But i thought you misunderstood me.

Thanks.
  • #55,159
  • Edited 9:09am Feb 16, 2010 8:58am | Edited 9:09am
Quoting nasir.khan
A question to all the guy's interested in Touch trading,
Should we go short just now or go long after break of 75.70????
.
at the time of your writing, candle/bar/line H4 chart is going up, so probably go "with the flow".
if so, price price may reach 76.50-80 area/minor PPZ & at that time possibly forming a (MACD) divergence which may let us go short (with/without PA).

EDIT: just noticed on daily chart.. the down-TL from January has been broken. i will see if this is a fake breakout to the upside. if it is not, then we may see a retest of (Feb3) lower swing high @ 78-ish or higher. if it is, then we may continue to go down.
  • #55,160
  • Feb 16, 2010 9:12am Feb 16, 2010 9:12am
Quoting goldtrader
There's always chances if you missed one... gonna make it free next week

Everybody, nice weekend!
Half out at first target...
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