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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

  • #62,621
  • May 4, 2010 1:42am May 4, 2010 1:42am
Quoting joelcf


Well played, sir. Well played.

Don't get me wrong . .I like my women voluptuous but there are limits. lol I mean regular RNs are OK too.
Indicators show the past. Price Action "Indicates" the future.
  • #62,622
  • Edited 2:16am May 4, 2010 1:56am | Edited 2:16am
Quoting fxeturn
I've replaced the image in the post with the new improvements as suggested. So it should be ok now, as in just 'ok' right?
yes it's ok. time well spent.

if u want u can consider below info:
#4, is an Inside (multiple) bar.
personally, i think it's inappropriate to call every Inside (multiple) bar as an "I4B".
& it should write 'an IB with a pip range smaller than 2 or more preceding bars'
an IB with a range smaller than 2 prior bars is an I3B.
for your #4 example, i checked FXPro chart. it's an I7B (kindly check your chart accordingly).
  • #62,623
  • May 4, 2010 5:07am May 4, 2010 5:07am
Quoting the_wizard
Hi everyone.
I'm looking for $84.75 for 1/2 and $84.15 for remainder on this trade.
  • #62,624
  • Edited 5:49am May 4, 2010 5:15am | Edited 5:49am
Just looking at UJ for a possible setup maybe tomorrow.
Attached Image(s) (click to enlarge)
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  • #62,625
  • May 4, 2010 5:57am May 4, 2010 5:57am
That pin is very small, I wouldn't trade it if it closes like this.

UPDATE: I just noticed I made the screenshot @ exactly 666 minutes to go before it closes. Maybe another sign of it's weakness.

Quoting Pinbar
Just looking at UJ for a possible setup maybe tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: uj_daily_pin.png Size: 61 KB
  • #62,626
  • May 4, 2010 5:59am May 4, 2010 5:59am
Quoting the_wizard
I'm looking for $84.75 for 1/2 and $84.15 for remainder on this trade.
Just a quick follow up on my post last night and this morning.

1/2 closed for 106 ticks profit.

Stop on remaining 1/2 now set to $85.65 (+16 ticks if hit).

-Tom
  • #62,627
  • May 4, 2010 6:09am May 4, 2010 6:09am
Quoting the_wizard
Just a quick follow up on my post last night and this morning.

1/2 closed for 106 ticks profit.

Stop on remaining 1/2 now set to $85.65 (+16 ticks if hit).

-Tom
Very Nice!
  • #62,628
  • May 4, 2010 6:24am May 4, 2010 6:24am
Hmmm, DJI disappeared from my FXPro demo feed. What is that all about?

P
  • #62,629
  • May 4, 2010 6:28am May 4, 2010 6:28am
Quoting Primi
Hmmm, DJI disappeared from my FXPro demo feed. What is that all about?

P
yes, i noticed the same yesterday. but you can take the dow future. you will find them in "cfd futures".
meine augen sind die sterne
  • #62,630
  • May 4, 2010 6:32am May 4, 2010 6:32am
Quoting aserbfx
yes, i noticed the same yesterday. but you can take the dow future. you will find them in "cfd futures".
The #YMsomething, yes that one still works.

P
  • #62,631
  • May 4, 2010 6:38am May 4, 2010 6:38am
Hi guys

No trades last week, one the week before, no trades taken this week. Where have all the A+ trades gone?!
PA is where its at!!
  • #62,632
  • May 4, 2010 6:39am May 4, 2010 6:39am
Ps - should have said that's on dailyweekly only!
PA is where its at!!
  • #62,633
  • May 4, 2010 6:47am May 4, 2010 6:47am
Been studying IPB's and thought I'ld share these

However ---I believe Ghous would consider the A/J to be more validate or a better signal since it occurred at a high as opposed to the two others on the C/J
Attached Image(s) (click to enlarge)
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  • #62,634
  • May 4, 2010 6:48am May 4, 2010 6:48am
Quoting the_wizard
Just a quick follow up on my post last night and this morning...
Tom,
nice to see u posting again, Sir.
  • #62,635
  • May 4, 2010 6:52am May 4, 2010 6:52am
Quoting Primi
Hmmm, DJI disappeared from my FXPro demo feed. What is that all about?

P
Their online support told me that.

"The spot indexes that were in the market watch window for correlation purposes were removed from the platform for now."
.
  • #62,636
  • May 4, 2010 7:14am May 4, 2010 7:14am
Quoting jarroo


....The next step is the location and supporting confluences that make them tradable. Mainly the PPZ levels. Maybe show a chart with the same PA but throw in just the PPZ levels.
Jaroo,
based on your comment above, is it that this PA's are invalid if not occuring at a PPZ? i mean, will u take one that is not at those levels or have a fib or div. in aggreeance?

at my trading stage now, i kind of look for these setups and i just take most of them. my account is a testament to how unsmart that might be, but if i have to get a PPZ or confluence agreement, i found myself curve fitting; trying different oscillators to get a div. or saying..."well, it was almost at this level, though it didn't touch it to the pip, it was pretty close".... see.

so i want to knw, is a PA a PA? or is it confirmed whn at a location? also, which, in you experience, is most indicative; BRN's, div's or S/R and Trend line.

Sorry, anyone is free to answer. its directed to Jaroo 'cos of his(?) comments on it.

thanks.
  • #62,637
  • May 4, 2010 7:29am May 4, 2010 7:29am
Quoting supremeChaos
Tom,
nice to see u posting again, Sir.
Thanks buddy.

I like to drop in from time to time.

One must never forget who taught them everything they know.

  • #62,638
  • May 4, 2010 7:57am May 4, 2010 7:57am
Quoting Nustra
Jaroo,
based on your comment above, is it that this PA's are invalid if not occuring at a PPZ? i mean, will u take one that is not at those levels or have a fib or div. in aggreeance?

at my trading stage now, i kind of look for these setups and i just take most of them. my account is a testament to how unsmart that might be, but if i have to get a PPZ or confluence agreement, i found myself curve fitting; trying different oscillators to get a div. or saying..."well, it was almost at this level, though it didn't touch it to the pip, it was...
Well every thing including Fib's, TL's, Round Numbers and even PPZ's (the most powaful thing on the chart) could fail time to time.

But when you wait for them to come together in a single zone (confluence) they do hold more then 70%-80% and if you wait for PA at them your chances get to 90%-95%.

Well you can trade PA without PPZ's to, but then you should be looking for something like GOLD weekly PB at end of November-09.

Coming to Curve fitting, Well if you are kind of person who want's to trade the setup no matter what then you will always find something to support your decisions.

Like if you have a naked chart and then you get a PB or any other PA bar. You will then go to find confluence factor for your trade decision. Now this where it get very difficult to not finding them by curve fitting.

Then if you mark out all good tradeable areas in your charts like PPZ's at BRN's or TL's at FIB's etc. Next you want is a PA bar. When price will hit your marked areas you'll desperately try to find a PA bar of any quality, in any time frame to give you a reason to click the trade button.

So it depends pretty much on your Patience Level, Discipline and Experience.
.
  • #62,639
  • May 4, 2010 8:07am May 4, 2010 8:07am
Quoting nasir.khan
Their online support told me that.

"The spot indexes that were in the market watch window for correlation purposes were removed from the platform for now."
.
Noticed the same thing early today.

Hmmmmm... why would they do that?
  • #62,640
  • May 4, 2010 8:12am May 4, 2010 8:12am
Quoting nasir.khan
Their online support told me that.

"The spot indexes that were in the market watch window for correlation purposes were removed from the platform for now."
.
Damn..
That explains it.

I thought I was going mad! Bummer! It was handy having them in MT4.
Bundy's status today: "Waiting..."
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