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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

  • #62,161
  • Apr 28, 2010 2:08pm Apr 28, 2010 2:08pm
Quoting ghous
I'd love to have you chase me around if it really is you in your profile pic.
LOL

let here alone she own me

have you look lately on your profile message
  • #62,162
  • Apr 28, 2010 2:10pm Apr 28, 2010 2:10pm
Quoting mbqb11
I know NOTHING about IPBs, its funny cause people hop into this thread late and assume it is a J16 bar. Not that it isn't an effective one, I have been trying to keep an eye out. These days I just don't seem to have time to test things to add. I wish I did still.

I did see this one yesterday and thought of our G man


Mike
I remember in a webinar of yours you were asked a question about a bullish IPB on the euro weekly...despite the fact that you're not into them you provided the best explanation possible.

I tried to search through the members at the pf who this guy/gal was so I could talk the setup out with him/her, was his user name "spider" or what?
I believe . . .
  • #62,163
  • Apr 28, 2010 2:11pm Apr 28, 2010 2:11pm
Quoting triger88990
LOL

let here alone she own me

have you look lately on your profile message
I did. But an inner urge tells me that's really you staring at us from that profile of yours.
I believe . . .
  • #62,164
  • Apr 28, 2010 2:11pm Apr 28, 2010 2:11pm
Quoting ghous
I remember in a webinar of yours you were asked a question about a bullish IPB on the euro weekly...despite the fact that you're not into them you provided the best explanation possible.

I tried to search through the members at the pf who this guy/gal was so I could talk the setup out with him/her, was his user name "spider" or what?
What date webinar I will go back to it ?
  • #62,165
  • Apr 28, 2010 2:17pm Apr 28, 2010 2:17pm
Quoting mbqb11
What date webinar I will go back to it ?
I don't precisely remember but I guess it was the 2-15-10 webinar...perhaps.

Here's the IPB that the query was referred to...

Funny thing is you still don't know how to pronounce my name
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I believe . . .
  • #62,166
  • Apr 28, 2010 2:20pm Apr 28, 2010 2:20pm
Quoting Dan Gilbert
speaking of I4Bs, that USDCAD one is already retracing, but I closed the whole thing out at 1.0100 round number, so I guess Mikes method of being realistic and closing out your trade quickly is legit. (surprise!)
speaking about retracing.

here is the reason a very big BEOB, on this kind of huge bars I wait for a retracement entry near 50 -61.8 fib. I was impaciente and pulled the terriger at 38.2.

Some hints from crude confirm my thoughts also.

expect to come back to 1000 and from there a hint for continuation lower to .9750

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  • #62,167
  • Apr 28, 2010 2:22pm Apr 28, 2010 2:22pm
Quoting ghous
I don't precisely remember but I guess it was the 2-15-10 webinar...perhaps.

Here's the IPB that the query was referred to...

Funny thing is you still don't know how to pronounce my name
GOSS like BOSS I know now

Yes it was spyder
  • #62,168
  • Apr 28, 2010 2:23pm Apr 28, 2010 2:23pm
Quoting ghous
I did. But an inner urge tells me that's really you staring at us from that profile of yours.
I never thought that I look like jessica alba .........

I really begin questioning my sexuality
  • #62,169
  • Apr 28, 2010 2:29pm Apr 28, 2010 2:29pm
Quoting mbqb11
GOSS like BOSS I know now

Yes it was spyder
Spyder...

thnx Mikey.
I believe . . .
  • #62,170
  • Apr 28, 2010 2:30pm Apr 28, 2010 2:30pm
Quoting triger88990
I never thought that I look like jessica alba .........

I really begin questioning my sexuality
Haha! Just playin' around you trig, although I shouldn't be...I am way beyond bedtime

I believe . . .
  • #62,171
  • Apr 28, 2010 2:32pm Apr 28, 2010 2:32pm
Quoting triger88990
speaking about retracing.

here is the reason a very big BEOB, on this kind of huge bars I wait for a retracement entry near 50 -61.8 fib. I was impaciente and pulled the terriger at 38.2.

Some hints from crude confirm my thoughts also.

expect to come back to 1000 and from there a hint for continuation lower to .9750

Attachment
Very nice Triger...I swear I have a mental block somtimes in missing the damn obvious PA bars. The crude breakout of it's range was a very good sign for that trade.

  • #62,172
  • Apr 28, 2010 2:36pm Apr 28, 2010 2:36pm
Quoting ghous
Haha! Just playin' around you trig, although I shouldn't be...I am way beyond bedtime

know buddy

now go to bad and shut-eye down tomorrow it will be another day

all the best!!
  • #62,173
  • Apr 28, 2010 2:37pm Apr 28, 2010 2:37pm
Quoting mbqb11
that sure does for a quick breakout play
Dan this one did very nicely. These are nice clean plays


Mike
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  • #62,174
  • Apr 28, 2010 2:40pm Apr 28, 2010 2:40pm
Quoting triger88990
know buddy

now go to bad and shut-eye down tomorrow it will be another day

all the best!!
I, I sergeant!!
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I believe . . .
  • #62,175
  • Apr 28, 2010 2:45pm Apr 28, 2010 2:45pm
Quoting Dan Gilbert
very nice trade.

Look what I'm going to do for a live account touch trade. (1% risk)
thanks

looks like a good rac's type of trade
  • #62,176
  • Apr 28, 2010 2:46pm Apr 28, 2010 2:46pm
Quoting lovejoy80
Very nice Triger...I swear I have a mental block somtimes in missing the damn obvious PA bars. The crude breakout of it's range was a very good sign for that trade.

look at the daily chart of crude to the left prior yesterday and today, signaled by the 2 red arrows indicating strong rejection. The same happend with dj at 10920, it was a good call to buy yen crosses.

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  • #62,177
  • Apr 28, 2010 2:48pm Apr 28, 2010 2:48pm
Quoting ghous
OOOOooooohhhhh!!!!

3000 posts up! Seems like a couple of months ago that I made my first post ever on the thread. Time really flies!

g.
congratz for the 3000 posts keep up the good work
  • #62,178
  • Apr 28, 2010 2:49pm Apr 28, 2010 2:49pm
Quoting ghous
I, I sergeant!!
LOL

soldier you are dismiss to do whatever you want....
  • #62,179
  • Apr 28, 2010 2:56pm Apr 28, 2010 2:56pm
Quoting mbqb11
Dan this one did very nicely. These are nice clean plays


Mike
I closed the whole position on that breakout @ 11,200.... I guess I was "lucky"

still just demoing the futures
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Many choose unhappiness over uncertainty.
  • #62,180
  • Apr 28, 2010 3:17pm Apr 28, 2010 3:17pm
Quoting PippingMama
Hi Rac,

i guess, it is trendline, 50% retracement and pin bar combo?

PM
Quoting triggerju
Easy stuff, don't get confused by "shapes" and "names" - just remember the basic rule that a slope up on any consolidation "shape" you see is bull strength and down slope is bear strength. Wait for PA (pins etc) to confirm - it's another thing in my research folder I'm looking at now LOL

Hope this helps
Trig
That's what I saw first too, PM.

Classic Rac . . . trendline, 50/61.8 ret. and S/R level with PB trigger.

Trig's post was a good one and explains what Rac was showing us in his chart.
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