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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

  • #57,181
  • Mar 4, 2010 9:14am Mar 4, 2010 9:14am
Wow this thread's been on some unbelievable steroids...

I know I am missing my growing family

g.
I believe . . .
  • #57,182
  • Mar 4, 2010 9:16am Mar 4, 2010 9:16am
USD/CHF

Love the price action on the lower timeframes, nice buy signals.
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lowest draw down possible please.
  • #57,183
  • Mar 4, 2010 9:17am Mar 4, 2010 9:17am
Quoting ehrek
^^

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.
I'm not that much in love with coffee bc it may damage your health and your sleep discomfort as well

Check out this 2 post it may help you:
http://www.forexfactory.com/showpost...ostcount=55141

http://www.forexfactory.com/showpost...ostcount=55152


all the best!!
  • #57,184
  • Mar 4, 2010 9:20am Mar 4, 2010 9:20am
Every time I think i got the metrial there is a trade that show me that im worng...
this is the CADJPY,why i got in:
-daily PN folloew by an IB.
-on a very strong PPZ and round number 86.0
-61.8 Fibo

yes i know this is not an A++ setup,but i though at lest an A.
i just wanted the price to get to the next PPZ at 85.0, I realy didnt see any other PPZ before that.
but as u can see the price almost eat my stop.
Im still in the trade but those kinde of trade should be more smooth.
am i worng here?
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Wellcome to the good life!
  • #57,185
  • Mar 4, 2010 9:24am Mar 4, 2010 9:24am
Quoting ghous
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)

  • #57,186
  • Mar 4, 2010 9:24am Mar 4, 2010 9:24am
Quoting triger88990
I'm not that much in love with coffee bc it may damage your health and your sleep discomfort as well

Check out this 2 post it may help you:
http://www.forexfactory.com/showpost...ostcount=55141

http://www.forexfactory.com/showpost...ostcount=55152


all the best!!

Mixed reports on coffee, Causes heart disease, prevents heart disease, who knows???? It sure wakes me up in the morning though - The effects wear off mid-afternoon, as I supplement with a lot of water drinking.

lowest draw down possible please.
  • #57,187
  • Mar 4, 2010 9:27am Mar 4, 2010 9:27am
Enjoyed reading those summaries

Hey Rac-attack, are you there??

I never knew you are into gliding - Every been to the Flamborough gliding club on HWY 8??
lowest draw down possible please.
  • #57,188
  • Mar 4, 2010 9:30am Mar 4, 2010 9:30am
Quoting yarin
Every time I think i got the metrial there is a trade that show me that im worng...
this is the CADJPY,why i got in:
-daily PN folloew by an IB.
-on a very strong PPZ and round number 86.0
-61.8 Fibo

yes i know this is not an A++ setup,but i though at lest an A.
i just wanted the price to get to the next PPZ at 85.0, I realy didnt see any other PPZ before that.
but as u can see the price almost eat my stop.
[size=3]Im still in...
You were not wrong in locating that the pin bar was right where we want it to be,

you were also right in realizing that it still wasn't an A+ setup.

Look to the left of that setup. we are trading in a huge mess. Now this "mess" is a true heaven for trading when you understand that your approach has to be slightly different in such market conditions as compared to strong trending markets.

The first thing that would light a bulb in my mind would be that the pin bar (small in size which is already a -ve) did not break on the next bar. Because a ranging market can shop you out real quick you must protect yourself whenever you can at times by passing on <A+ trades and other times watching even the greatest of setups very closely.

Stay at it buddy it takes time for all these puzzles to form a recognizable picture...

g.
I believe . . .
  • #57,189
  • Mar 4, 2010 9:32am Mar 4, 2010 9:32am
Quoting ehrek
Enjoyed reading those summaries

Hey Rac-attack, are you there??

I never knew you are into gliding - Every been to the Flamborough gliding club on HWY 8??
You knew the boring half of him then...

O he's a real fly O' maniac!!
I believe . . .
  • #57,190
  • Mar 4, 2010 9:34am Mar 4, 2010 9:34am
Quoting yarin
Every time I think i got the metrial there is a trade that show me that im worng...
this is the CADJPY,why i got in:
-daily PN folloew by an IB.
-on a very strong PPZ and round number 86.0
-61.8 Fibo

yes i know this is not an A++ setup,but i though at lest an A.
i just wanted the price to get to the next PPZ at 85.0, I realy didnt see any other PPZ before that.
but as u can see the price almost eat my stop.
[size=3]Im still in...

I have just check it on my platform this pair,although in my platform the close and the open aren't within the preview candel,lets suppose that she close like yours.And you are right she looks good but the only think that bother me is that she close above 85 I like it better that the close to be below the BRN that way I knew that that bears have more power.

As I said is looking good,just that from time to time it happen that an A setup to fail down.

all the best!!
  • #57,191
  • Mar 4, 2010 9:40am Mar 4, 2010 9:40am
cable is in a HP area
lowest draw down possible please.
  • #57,192
  • Mar 4, 2010 9:44am Mar 4, 2010 9:44am
Quoting ehrek
USD/CHF

Love the price action on the lower timeframes, nice buy signals.
That's some damn good stuff there...I was merely looking at the 4H and 1H and looking for confirmation of a rejection of the TL i.e. for a reason to short. I obviously did not get PA so didnt short, but it didnt occur to me to look at the 5min.
  • #57,193
  • Mar 4, 2010 9:46am Mar 4, 2010 9:46am
Quoting ehrek
cable is in a HP area
TL intersection on cabel

I beat you miss this one

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  • #57,194
  • Mar 4, 2010 9:49am Mar 4, 2010 9:49am
Quoting lovejoy80
That's some damn good stuff there...I was merely looking at the 4H and 1H and looking for confirmation of a rejection of the TL i.e. for a reason to short. I obviously did not get PA so didnt short, but it didnt occur to me to look at the 5min.
Hmmm Cable lower time frame PA with div at the 1h/4H rising TL...
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  • #57,195
  • Mar 4, 2010 9:53am Mar 4, 2010 9:53am
Quoting triger88990
TL intersection on cabel

I beat you miss this one

Attachment

Ahhh, very nice very nice...

Sure did miss that one, ZzZzzZZZZzZ.
lowest draw down possible please.
  • #57,196
  • Mar 4, 2010 10:00am Mar 4, 2010 10:00am
Love watching this PA on cable on the small TF.

Its the battle of BULLS vs BEARS.. look at all the confusion ! hahaha..

Will the mighty upperhand of MR.MARCH Trendzinsky win?
lowest draw down possible please.
  • #57,197
  • Mar 4, 2010 10:07am Mar 4, 2010 10:07am
same set up on EJ...4h/1H ppz in middle of the range and round number, scroll down to 5min and pin bar plus div.
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  • #57,198
  • Mar 4, 2010 10:11am Mar 4, 2010 10:11am
Quoting lovejoy80
same set up on EJ...4h/1H ppz in middle of the range and round number, scroll down to 5min and pin bar plus div.

Mmmm,

Just a bit too much sideway action for me on EJ. Just hasn't really 'screamed' anything to me.
lowest draw down possible please.
  • #57,199
  • Mar 4, 2010 10:16am Mar 4, 2010 10:16am
Quoting triger88990
I have just check it on my platform this pair,although in my platform the close and the open aren't within the preview candel,lets suppose that she close like yours.And you are right she looks good but the only think that bother me is that she close above 85 I like it better that the close to be below the BRN that way I knew that that bears have more power.

As I said is looking good,just that from time to time it happen that an A setup to fail down.

all the best!!
Thank you for your comments Triger, also the comments from Ghous too.
I would have taken the trade as Yarin did if I had followed this pair too.

All the best to you Yarin!
Dreams are hard to follow, but don't let anyone, tear them away...
  • #57,200
  • Mar 4, 2010 10:32am Mar 4, 2010 10:32am
Quoting yarin
Every time I think i got the metrial there is a trade that show me that im worng...
this is the CADJPY,why i got in:
-daily PN folloew by an IB.
-on a very strong PPZ and round number 86.0
-61.8 Fibo

yes i know this is not an A++ setup,but i though at lest an A.
i just wanted the price to get to the next PPZ at 85.0, I realy didnt see any other PPZ before that.
but as u can see the price almost eat my stop.
[size=3]Im still in...
Hey Yarin,

I realize that this thread is going into 1000 directions at once. Many would disagree with me on this, but IMHO that was hardly a B- bar, better C imo.
Here are some thoughts, going back 5 years all the way to James16 principals.

אגב, טוב לראות אותך פה אח שלי. מקווה שהכל טוב איתך, ובהצלחה

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