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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

  • #59,661
  • Mar 31, 2010 5:26am Mar 31, 2010 5:26am
I know there's not much mention of indices on here and that hourlies are not recommended BUT there is a BEOB on the FTSE stradlling the 5,700 BRN.

Let's see how it plays out.

  • #59,662
  • Mar 31, 2010 5:43am Mar 31, 2010 5:43am
Quoting Cyrus
ED might be putting in a daily/weekly scale divergence at the bottom.
We'll see. Watching last week's high in particular. ...
Time will tell. Waiting game again.
Thanks for the reminder.
dont see a weekly divergence, though.
div on lower TF's earlier too + simultaneous BUOB on 3 TF's (M15, M30, H1, FXPro; H4 almost made a BUOB too) off 1.3400.
  • #59,663
  • Mar 31, 2010 5:44am Mar 31, 2010 5:44am
Mp1983,
charts would be appreciated next time
  • #59,664
  • Mar 31, 2010 5:50am Mar 31, 2010 5:50am
Sorry Surpreme but am at work so can't post charts, am only checking via my mobile platform.

I'll follow up with one later on but so far it's broken south and is running quite well.

  • #59,665
  • Mar 31, 2010 6:02am Mar 31, 2010 6:02am
Quoting Mp1983
Sorry Surpreme but am at work so can't post charts, am only checking via my mobile platform.

I'll follow up with one later on but so far it's broken south and is running quite well.

Here you go.
.
Btw it's Future's chart.
.
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  • #59,666
  • Edited 9:37am Mar 31, 2010 6:03am | Edited 9:37am
Quoting joelcf
You are using different brokers.
Thanks a lot, always learn something new here. Great thread!
  • #59,667
  • Mar 31, 2010 6:08am Mar 31, 2010 6:08am
Quoting ira
Thanks a lot, always study something new here. Great thread!
You need to spend more time here. You will see a huge improvement in your trading.

Believe me.
.
  • #59,668
  • Mar 31, 2010 6:11am Mar 31, 2010 6:11am
Thanks Nasir, your hourly chart shows precisely what I see on mine. Hopefully it will track into the 5,600 zone.

  • #59,669
  • Mar 31, 2010 6:16am Mar 31, 2010 6:16am
Quoting Mp1983
Sorry Surpreme but am at work so can't post charts, am only checking via my mobile platform. .
it's ok Sir. next time..

Quoting nasir.khan
Here you go.
. Btw it's Future's chart.
.
thanks Sir
i just wanna see different looking charts & platforms
  • #59,670
  • Mar 31, 2010 6:36am Mar 31, 2010 6:36am
Quoting benji533
Not sure if you are a full time trader, but..
Don't worry. I bet the time you have spent around the forums and charts goes nowhere close to 10 daily boring and frustrating hours of job like regular people. It becomes so usual for them they forget there is anything else. Day begins with work, ends with work. All week. Like robots.

One day, if you will have a big enough account to play only the dailies and weeklies and make enough+, then it was worth every tear and trip of sweat imo.
There are people out there wasting their life doing crap and struggling...
Nothing can be better, brother.

No, I'm not a full time trader. I'm getting there slowly.

As with any profession, you have to enjoy what your doing to be successful at it. That way it doesn't seem like work. To bad some people find themselves in a job that they hate or can stand to be in. But you have to pay the piper and the bills.

I love trading. I love the culture, the people , the verbiage, everything about it. What can I say. . . . its a whole alot of fun, especially when your winning.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #59,671
  • Mar 31, 2010 6:43am Mar 31, 2010 6:43am
Quoting jarroo
Nothing can be better, brother.

No, I'm not a full time trader. I'm getting there slowly.

As with any profession, you have to enjoy what your doing to be successful at it. That way it doesn't seem like work. To bad some people find themselves in a job that they hate or can stand to be in. But you have to pay the piper and the bills.

I love trading. I love the culture, the people , the verbiage, everything about it. What can I say. . . . its a whole alot of fun, especially when your winning.

Jim

.
.
  • #59,672
  • Mar 31, 2010 6:44am Mar 31, 2010 6:44am
Quoting jarroo
Nothing can be better, brother.
No, I'm not a full time trader. I'm getting there slowly.
As with any profession, you have to enjoy what your doing to be successful at it. That way it doesn't seem like work....
u are not full-time yet?
so what's your profession?

awesome Sir
  • #59,673
  • Mar 31, 2010 6:48am Mar 31, 2010 6:48am
This clear PPZ area and down TL was good confluence - had a 4HR BEOB off it on some feeds.
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  • #59,674
  • Mar 31, 2010 6:53am Mar 31, 2010 6:53am
Quoting supremeChaos
u are not full-time yet?
so what's your profession?

awesome Sir
Supervision/consultant in the automotive industries and insurance business. More so in the insurance arena these days. lol
Indicators show the past. Price Action "Indicates" the future.
  • #59,675
  • Mar 31, 2010 6:59am Mar 31, 2010 6:59am
Quoting jarroo
Supervision/consultant in the automotive industries and insurance business. More so in the insurance arena these days. lol
i understand
i dont get it... u spend a lot of time here (post & lurk mode: i pay attention, lol) while u have a job. u must be a high ranking employee with too much time in your hands.
  • #59,676
  • Mar 31, 2010 7:02am Mar 31, 2010 7:02am
Quoting supremeChaos
i understand
i dont get it... u spend a lot of time here (post & lurk mode: i pay attention, lol) while u have a job. u must be a high ranking employee with too much time in your hands.

Something like that. . . . . lol
Indicators show the past. Price Action "Indicates" the future.
  • #59,677
  • Mar 31, 2010 7:04am Mar 31, 2010 7:04am
Quoting lovejoy80
This clear PPZ area and down TL was good confluence - had a 4HR BEOB off it on some feeds.
lovejoy,

had a look at this one but did not take it as there was no BEOB on my feed. Seemed like a good location for a short, but as no clear PA passed it up. Good one for the touch traders though?
PA is where its at!!
  • #59,678
  • Edited 8:39am Mar 31, 2010 7:29am | Edited 8:39am
Quoting skinfx
BEOB setup on Daily
set sell stop (1.3376) at 10pip below small PPZ. (Demo)

Any comments welcome.... thanks....

Great buffer on this one skin. Very smart. James16's "This is Critical" all the way.

Would you believe this BEOB hit its 1st target? It sure did.

Although we would like these BEOBs at a swing high, I see your thoughts on this one as a continuation setup. You play it very well. No hard break on this one.


Notice the DBLHC at a swing low with divergence. Nice. Damn weekend. lol
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Indicators show the past. Price Action "Indicates" the future.
  • #59,679
  • Mar 31, 2010 7:29am Mar 31, 2010 7:29am
why the price didnt go to the first Trouble area?
1.good size pin(by proxi)
2.365 ema
3.BRN 125.0 with strong SR area
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Wellcome to the good life!
  • #59,680
  • Edited 8:00am Mar 31, 2010 7:39am | Edited 8:00am
Quoting yarin
why the price didnt go to the first Trouble area?
1.good size pin(by proxi)
2.365 ema
3.BRN 125.0 with strong SR area

Are you sure that it didn't hit its 1st target, yarin? I think it did, easily.

Your PB by proxy is nice in size, 365 and 125.00 confluence but just too much traffic. We need Space for it to move to the 1st target or previous lows. The traffic got in the way.

What does this counter trend setup tell you since it barely reach its
target(s) and the break wasn't very strong? The uptrend is strong.
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Indicators show the past. Price Action "Indicates" the future.
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