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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

  • #57,161
  • Mar 4, 2010 4:00am Mar 4, 2010 4:00am
i just saw your sig.

i was actually proud of that cause it was profered over there in the wild wild west and actually taken very well.

it was a risky move. lol.

im glad someone i actually like saw it and got something out of it.

im honoured sir,

jim



Quoting TiaForex
I ate a cookie
  • #57,162
  • Mar 4, 2010 6:12am Mar 4, 2010 6:12am
Like most of us I have been looking to re-short the cable, no good signals on the daily so switch down to the 4 hour, knowing how to sit on ones hands actually pays dividends, the patients required is GOLD, that four hour candle was tempting, yet when you look very, very closely you will see more reasons not to short, than to to short, until a better signal comes along...I hope my chart can sum up the analysis ?
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Without women, money would have no meaning - Aristotle Onassis
  • #57,163
  • Mar 4, 2010 6:45am Mar 4, 2010 6:45am
Bye the way notice how we are shy the 50 fib cable, other fibs worth noting on the way up are 61.8 naturally , 78.6 is also a real fibonacci number and 86 is also the very very last stand, which I figure is around 5450 notice the congestion at 5400 also coincident with the 150 ema
Just a thought ! plenty of opportunities to seek shorts from above....
Without women, money would have no meaning - Aristotle Onassis
  • #57,164
  • Mar 4, 2010 6:52am Mar 4, 2010 6:52am
Quoting james16
i just saw your sig.

i was actually proud of that cause it was profered over there in the wild wild west and actually taken very well.

it was a risky move. lol.

im glad someone i actually like saw it and got something out of it.

im honoured sir,

jim
Yep, that was one of your better ones. Liked it enough to want to stare at it every day when I post. And whenever you venture "out there" I'm always reading lol.

And next to your bit of wisdom you quote my bit of goofing around with SP...lol....from the sublime to the ridiculous.
  • #57,165
  • Mar 4, 2010 7:31am Mar 4, 2010 7:31am
Wow nice PB guys.
.
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  • #57,166
  • Mar 4, 2010 7:46am Mar 4, 2010 7:46am
Quoting nasir.khan
Wow nice PB guys.
.
Now what we will get here PB or BEOB.
.
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  • #57,167
  • Mar 4, 2010 8:06am Mar 4, 2010 8:06am
Nice break from the downward trend.

Broke out nicely, retraced .. Kiss goodbye.
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lowest draw down possible please.
  • #57,168
  • Mar 4, 2010 8:29am Mar 4, 2010 8:29am
Quoting ehrek
Nice break from the downward trend.

Broke out nicely, retraced .. Kiss goodbye.
great minds think alike ehrek... ok great may be pushing it abit for me lol

my first tp (closed half) was at my res 1 line...free trade

also into a free trade usd/cad 1h pin at lows with div etc

regrads
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  • #57,169
  • Mar 4, 2010 8:37am Mar 4, 2010 8:37am
Quoting ehrek
Nice break from the downward trend.

Broke out nicely, retraced .. Kiss goodbye.
Nicely done ehrek

you did it again man not surprise by this move knowing how big is your position

all the best!!
  • #57,170
  • Mar 4, 2010 8:42am Mar 4, 2010 8:42am
quick update

look how price reacted at the first taking profit area,she retrace good enough to teast the break of the BEOB from where it start this move.now the TP1 may act as a pivot point but if you look closely you will see the clasical 123 patern and you should expect that it will break through it,which it did.
Look where price is today.

Ps:can't find the original post from where this chart comes

all the best!!

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  • #57,171
  • Mar 4, 2010 8:46am Mar 4, 2010 8:46am
lowest draw down possible please.
  • #57,172
  • Mar 4, 2010 8:52am Mar 4, 2010 8:52am
I have a few open positions on usd/chf aswell,

Nice touch trades from 0694 - Buy orders triggered.. The price action was awesome.. just screamed, REJECTION! REJECTION! w00t!


Makes up for the cable trade i missed this london session.. @5020
lowest draw down possible please.
  • #57,173
  • Mar 4, 2010 8:53am Mar 4, 2010 8:53am
Here's an IB trade I took on the GBP/NZD this week.

formed at an absolute swing low for the pair, and was authoritative in nature...

Was there any doubt where price was going once it broke the IB and very early in the day? I am lucky as hell to have none for the setups I know are mine.

g.
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I believe . . .
  • #57,174
  • Mar 4, 2010 8:54am Mar 4, 2010 8:54am
Quoting triger88990
quick update

look how price reacted at the first taking profit area,she retrace good enough to teast the break of the BEOB from where it start this move.now the TP1 may act as a pivot point but if you look closely you will see the clasical 123 patern and you should expect that it will break through it,which it did.
Look where price is today.

Ps:can't find the original post from where this chart comes

all the best!!

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Your progress has been a treat to watch and follow Trig,

Nicely done

g.
I believe . . .
  • #57,175
  • Mar 4, 2010 8:58am Mar 4, 2010 8:58am
Quoting ghous
Here's an IB trade I took on the GBP/NZD this week.

formed at an absolute swing low for the pair, and was authoritative in nature...

Was there any doubt where price was going once it broke the IB and very early in the day? I am lucky as hell to have none for the setups I know are mine.

g.
hey ghous nice to see you haven't heard about you from some time and this thread is moving faster than you think

if you will look at both setups you will se that they are almost identical + this is off BRN 1.5

all the best!!

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  • #57,176
  • Mar 4, 2010 9:01am Mar 4, 2010 9:01am
Not every day is a Sunday...

This ripe cherry gave me nothing after giving off a pleasant aroma when price was 0.5R my way...wasn't prepared to let this hurt me from that stage onwards,

The setup eventually worked out and is the best sight of the day for me today.

g.
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I believe . . .
  • #57,177
  • Mar 4, 2010 9:05am Mar 4, 2010 9:05am
Quoting triger88990
hey ghous nice to see you haven't heard about you from some time and this thread is moving faster than you think

if you will look at both setups you will se that they are almost identical + this is off BRN 1.5

all the best!!

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Don't know why but I have always liked to take my IBs which are mostly occupied by the open and the close only...can't even decipher any logic behind such a feeling, maybe a personal thingie...

but obviously for the reasons you mentioned it wasn't one to be thrown in the bin...

Like I have mentioned I LOVE to watch setups which I don't take, play out and this was amongst them,

g.
I believe . . .
  • #57,178
  • Mar 4, 2010 9:05am Mar 4, 2010 9:05am
Quoting ghous
Your progress has been a treat to watch and follow Trig,

Nicely done

g.

thanks ghous

All you need is perseveration,chart addiction,studying +practicing, a LOT of time + A LOT of coffe+ A THREAD LIKE THIS

all the best!!
  • #57,179
  • Mar 4, 2010 9:10am Mar 4, 2010 9:10am
^^

Ahhh, morning coffee.. nothing like some mental clarity and focus in the morning, huh?

I'm half asleep if I don't have a coffee, especially since I go to bed really late 12pm - 1am - and wake up @ 7:00am EST.
lowest draw down possible please.
  • #57,180
  • Mar 4, 2010 9:10am Mar 4, 2010 9:10am
Quoting triger88990
thanks ghous

All you need is perseveration,chart addiction,studying +practicing, a LOT of time + A LOT of coffe+ A THREAD LIKE THIS

all the best!!
perseveration (check)

chart addiction (umm...maybe)

studying (check)

practicing (check)

LOT of time (lot of screen time actually spread over several months/years)

LOT of coffee (check)

A thread like this (double check)

I believe . . .
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