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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

  • #63,021
  • May 6, 2010 3:30pm May 6, 2010 3:30pm
Quoting bundyraider
Already had the reason. They've just been waiting for the sheep to figure it out while they position themselves. lol

This whole shake up with greece and all. The rumours have been there for over a year of bigger trouble in europe. We're not going to return to yesterdays prices tomorrow. This drop will continue IMO. Question is how fast and how long.

Everyone's flocking to the havens again.
I agree. Well said, bundy.


Greece . . .sheep. . . lamb chops sounds pretty good right now.
Indicators show the past. Price Action "Indicates" the future.
  • #63,022
  • May 6, 2010 3:31pm May 6, 2010 3:31pm
Quoting ghous
I have been itching to share a recent successful experiment with ya'll. The idea was to present it once the result was really certain but like I did with the IPB I'll mention it anyway to poke at a few pondering heads.

This one's actually reminiscent of a damn good trading system which I am working on (extensive back testing and forward testing)

50 EMA
Bollinger Bands.

Price action with the trend preferably at a confluence of the 50 EMA with one of the lines of BB. Moderate trends give lot's of such entries.

Strong trends can...
Hi Ghous

Playing catch up again -

Are the middle lines of BBs effectively moving averages i.e 20,2 BB - middle line is the same as 20 moving average?

An experienced trader friend of mine who introduced me to FX trading about a year ago swears by the 50 EMA - calls it the mother of all MAs and also likes the 21 MA (similar to middle line of BB). Sort of added confluence I guess - I use the 50 MA for that and it seems quite useful indicator showing either a touch and reversal or strong push through and continuation.

Usual apologies if this is just usual newbie c**p

Thanks

J
  • #63,023
  • May 6, 2010 3:32pm May 6, 2010 3:32pm
Quoting Dan Gilbert
yezzir. fast trade.

demo
yeah, demo here too.. Shhh!
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Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #63,024
  • May 6, 2010 3:33pm May 6, 2010 3:33pm
Quoting jarroo
I agree. Well said, bundy.


Greece . . .sheep. . . lamb chops sounds pretty good right now.
Hmmm... Gyros sounds good about now...
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #63,025
  • May 6, 2010 3:37pm May 6, 2010 3:37pm
Quoting LasVahGoose
yeah, demo here too.. Shhh!
high 5!
Many choose unhappiness over uncertainty.
  • #63,026
  • May 6, 2010 3:45pm May 6, 2010 3:45pm
just woke up in Australia... OMG at what happened last night!!!
  • #63,027
  • May 6, 2010 3:45pm May 6, 2010 3:45pm
Quoting LasVahGoose
Hmmm... Gyros sounds good about now...
Even better. lol
Indicators show the past. Price Action "Indicates" the future.
  • #63,028
  • May 6, 2010 3:48pm May 6, 2010 3:48pm
Quoting optimuss
just woke up in Australia... OMG at what happened last night!!!
benji533 decided to short the market and everyone was watching.
Indicators show the past. Price Action "Indicates" the future.
  • #63,029
  • May 6, 2010 3:49pm May 6, 2010 3:49pm
Quoting Dan Gilbert
yezzir. fast trade.

demo

Me too :-( Will start live trading this system soon :-)

http://www.forexfactory.com/showpost...ostcount=62781
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  • #63,030
  • May 6, 2010 4:02pm May 6, 2010 4:02pm
whats the best way to approach these big moves in the coming days ??
  • #63,031
  • May 6, 2010 4:11pm May 6, 2010 4:11pm
Quoting optimuss
whats the best way to approach these big moves in the coming days ??
Stay out, unless you have a valid setup.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #63,032
  • May 6, 2010 4:30pm May 6, 2010 4:30pm
Quoting optimuss
whats the best way to approach these big moves in the coming days ??

All-in, win-win
  • #63,033
  • Edited 5:20pm May 6, 2010 4:53pm | Edited 5:20pm
Quoting optimuss
whats the best way to approach these big moves in the coming days ??
Easy.

Quoting Ryanmcd
If you made money in the past 2 hours dont bullshit yourself and say it's skill
Quoting The Captain
Anyone that made cash the last few hours - technicals had nothing to do with any of it. You just happened to be on the right side when the bomb went off.
Regardless though, hilarious. Someone is getting their ass kicked.

http://www.nasdaq.com/aspx/nlstrades...N&selected=ACN

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When you have to shoot, shoot. Dont talk.
  • #63,034
  • May 6, 2010 5:03pm May 6, 2010 5:03pm
lol, this forum is hilarious.
lowest draw down possible please.
  • #63,035
  • May 6, 2010 5:13pm May 6, 2010 5:13pm
so can anyone point me to the reason (if any) for today's madness?

Uk Election... understand

Greece....understand

the others??
  • #63,036
  • May 6, 2010 5:21pm May 6, 2010 5:21pm
test
ciao
  • #63,037
  • May 6, 2010 5:22pm May 6, 2010 5:22pm
it looks like you were lucky you missed that lol

Quoting nasir.khan
How did i missed that.

http://www.ci.desoto.tx.us/images/pa...0on%20head.jpg

.
  • #63,038
  • May 6, 2010 5:28pm May 6, 2010 5:28pm
unbelievable, only one stock coursed those reactions among currency,commodities and equity? what a fragile market .

Quoting joelcf
Easy.





Regardless though, hilarious. Someone is getting their ass kicked.

http://www.nasdaq.com/aspx/nlstrades...N&selected=ACN

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  • #63,039
  • May 6, 2010 5:30pm May 6, 2010 5:30pm
Quoting (Yaniv)
Something that i'm trying on Demo.

EURGBP 26H PB.

That PB is smaller than the bar before it, ATR for that TF is about 70 pips, that PB was 100 pips from the high to the low.

FTA at 0.86

Price went to FTA (few pips below it) and reversed hard to the downside.

I got BE in this one (DEMO).

Yaniv
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  • #63,040
  • May 6, 2010 5:37pm May 6, 2010 5:37pm
I must be learning something on J16 because I have been on the sidelines during these monster moves because I did not see any technical setups to get in! A few pointers but nothing worth putting a trade on thanks to Ji6 and waiting for A class setups!!
PA is where its at!!
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