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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

  • #55,841
  • Feb 23, 2010 11:23am Feb 23, 2010 11:23am
Quoting triger88990
thak you Sir

much appreciated

On the usdchf we're both on the same page,I did expected after the break to retrace at .0800 -.0825, where I would like to see a rejection, but I have change my mind after I saw how she bahave at that level, from where I would expected to go a little more down befor she takes off till 1.000-1.100....

all the best!!
Those where my thoughts as well. . . a retrace to the 1.0800.

But once it did not break hard (momentum), like your 4 hour euro PB, it told me that something else was happening. This up trend is strong and the quality of the setup needed more qualty (lol), MORE SPACE, too much traffic.

Yes, Mike's voice does enter my head alot on these type of trades. lol
Indicators show the past. Price Action "Indicates" the future.
  • #55,842
  • Feb 23, 2010 11:23am Feb 23, 2010 11:23am
Quoting Ryanmcd
Good trade and I still do CT trades, the key now is when I am playing with the trend I can SEE the CT trades setup so I know what everyone else is thinking lol. It's a damn nice edge and most of the time I just close out my position wait and see if the CT players get raped and if they do I get back in on a new low / high when all the CT trades are getting the stops ran
Smart guys,allways plays with noobs patience

do not do this again

and be quiet you never know who is reading this thread

all the best!!
  • #55,843
  • Feb 23, 2010 11:24am Feb 23, 2010 11:24am
Quoting jarroo
Your getting good datogio.

Your going to have to post more of these charts.
Thanks buddy, ill do my best.

I'd be glad if I could help someone with my charts.
  • #55,844
  • Feb 23, 2010 11:28am Feb 23, 2010 11:28am
Quoting benji533
If that bars closes below support, it's likely to act as resistance and you would be rewarded.
This market can be easily predicted by our simple knowledge of side to side support and resistance provided in this thread.

By having this knowledge of what is likely to happen next IF....it's completely fine to gamble that the statement above will occur and keep a full position, as long as your risk is zero. Free risk gambling if you wish.

Look what happened. Price breaks through support, pulls back....where it is likely to be rejected?....old bar lows of course.

Ben
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  • #55,845
  • Feb 23, 2010 11:33am Feb 23, 2010 11:33am
Quoting datogio
Thanks buddy, ill do my best.

I'd be glad if I could help someone with my charts.
The Rac approach is very popular and well it should be. The location finding factor alone is worth is weight in Gold.

Just be aware of the inquiries you may recieve. There may be many. lol

Great chart btw.

Thanks d

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #55,846
  • Feb 23, 2010 11:34am Feb 23, 2010 11:34am
Quoting nasir.khan
See Nathan why i am convinced about 1082,

1100 is tested 2 times before.

I would have been worried if the third test which is just happened touched the 1100 but it did not which means we will have another revisit.

So every time price hit's a support, odds of breaking it get higher and higher. Like hammering a wall.

Just my thoughts.......... .
.
I agree, and even at 1081 we are almost dead on when comparing our analysis. Like I said, I am watching 1100 with much interest........

Nathan
  • #55,847
  • Feb 23, 2010 11:41am Feb 23, 2010 11:41am
You could call it gambel, I say it is another approach of trading

and is time to make a decision

0.8835 was tested for the second time, and I did what I know it works for me

-0 drawdown are you getting excited if you do I'm aware of your trader career,this situation are rare

-usually here I will liquidate my position and revers but this time .......

all the best!!

PS: my yens crosess are better and better as times goes

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  • #55,848
  • Feb 23, 2010 11:46am Feb 23, 2010 11:46am
Quoting jarroo
The Rac approach is very popular and well it should be. The location finding factor alone is worth is weight in Gold.

Just be aware of the inquiries you may recieve. There may be many. lol

Great chart btw.

Thanks d

Jim
Talking about location finding and zooming the location to the PIP.



Yeah i know the TL sucks.
.
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  • #55,849
  • Feb 23, 2010 11:46am Feb 23, 2010 11:46am
Quoting dobe_r_man
I agree, and even at 1081 we are almost dead on when comparing our analysis. Like I said, I am watching 1100 with much interest........

Nathan
And here we are Nasir...........
  • #55,850
  • Feb 23, 2010 11:48am Feb 23, 2010 11:48am
Quoting jarroo
The Rac approach is very popular and well it should be. The location finding factor alone is worth is weight in Gold.

Just be aware of the inquiries you may recieve. There may be many. lol

Great chart btw.

Thanks d

Jim
Got it sir

Poor Rac lol
  • #55,851
  • Feb 23, 2010 12:02pm Feb 23, 2010 12:02pm
Quoting nasir.khan
Talking about location finding and zooming the location to the PIP.



Yeah i know the TL sucks.
.
And this is for Ryan.
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  • #55,852
  • Feb 23, 2010 12:07pm Feb 23, 2010 12:07pm
I trade this one only with divergence
If you want to trade without div againts the trend without div, you will get burned in the long term.
no trade for me usd cad m15 now

Quoting nasir.khan
And this is for Ryan.
  • #55,853
  • Feb 23, 2010 12:07pm Feb 23, 2010 12:07pm
Quoting nasir.khan
And this is for Ryan.
Ryan wouldn't like that sucker . .against that move up . . . on that time frame, No way. . . . now watch it fall like a rock. lol
Indicators show the past. Price Action "Indicates" the future.
  • #55,854
  • Feb 23, 2010 12:08pm Feb 23, 2010 12:08pm
hi can anyone tell me if you can get 4 hour charts on the oanda fx demo account. At the moment i can only get 3 hour. thanks
  • #55,855
  • Feb 23, 2010 12:11pm Feb 23, 2010 12:11pm
Quoting jarroo
Ryan wouldn't like that sucker . .against that move up . . . on that time frame, No way. . . . now watch it fall like a rock. lol


why to jump in front of such a strong move

if you do want to enter a position against that trend, let the price to rest a little bit befor it takes off

so is a pass for me

like the way you call it "sucker", KILL HIM, KILL IT
  • #55,856
  • Feb 23, 2010 12:11pm Feb 23, 2010 12:11pm
people see "super great pin bar , wow" like this countertrend suicide, they are happy and trade, with luck you make some pips and lost them for next 5 same setups trades so stupid againts the trend without div...

Quoting jarroo
Ryan wouldn't like that sucker . .against that move up . . . on that time frame, No way. . . . now watch it fall like a rock. lol
  • #55,857
  • Feb 23, 2010 12:13pm Feb 23, 2010 12:13pm
Hey guys,

as I see I was not the only one triggered at that time .

My view was based on: top TL, touched area 61.8-76.4 fibo, round number S/R zone and of course very nice bodied PIN.

But would like to ask you about your opinion on my S/R (PPZ) zones as charted (TPs@violet). I took profits@3545, because 3590 was hammered instantly and BE was locking me against loss. How would you trail it more? or better? (and yes I have already read J16 PF ) Just curious on this situation.

Thanks...
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  • #55,858
  • Feb 23, 2010 12:14pm Feb 23, 2010 12:14pm
Quoting mike w
To say that I understand why Jarroo's stop was above 1.0830 on the usd/chf trade is an understatement. The fib level shown on this hourly chart is the level based on the daily bearish bar. Wait for the fave 50%, and we're in.

This has everything to do with price action, btw. Bars often retain after they get a retracement into themselves in order to build up more steam for a move. Think about it....if one guy trys to run through a brick wall, it's not going to happen and he'll get busted, but if he goes back and get a tank?
I like your metaphor Mike. "We're going to need a bigger boat". lol

I'm looking at Usd/Chf may be starting to consolidate as it did in the past. we shall see.
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Indicators show the past. Price Action "Indicates" the future.
  • #55,859
  • Feb 23, 2010 12:21pm Feb 23, 2010 12:21pm
Quoting datogio
left a lot on the table
  • #55,860
  • Feb 23, 2010 12:21pm Feb 23, 2010 12:21pm
Quoting jarroo
Ryan wouldn't like that sucker . .against that move up . . . on that time frame, No way. . . . now watch it fall like a rock. lol
I entered with a 10 pip SL at 1.0574.

And Ryan is in the Gym.
.
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