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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

  • #64,361
  • May 19, 2010 11:18pm May 19, 2010 11:18pm
this is pretty scary guys.... dow 5000!
Many choose unhappiness over uncertainty.
  • #64,362
  • May 19, 2010 11:22pm May 19, 2010 11:22pm
hey, Dan, what makes you think dow will break the 2009 low?

Quoting Dan Gilbert
this is pretty scary guys.... dow 5000!
  • #64,363
  • May 19, 2010 11:25pm May 19, 2010 11:25pm
Quoting Dan Gilbert
this is pretty scary guys.... dow 5000!
how scared are you on a scale of 1-10. Let me know when you hit a 10 so I can start buying
  • #64,364
  • May 19, 2010 11:27pm May 19, 2010 11:27pm
Quoting mbqb11
how scared are you on a scale of 1-10. Let me know when you hit a 10 so I can start buying
I aint never scurred
Many choose unhappiness over uncertainty.
  • #64,365
  • May 19, 2010 11:32pm May 19, 2010 11:32pm
Quoting jeurre
hey, Dan, what makes you think dow will break the 2009 low?
DE JA VU, except this time we are starting out at a lower high
Many choose unhappiness over uncertainty.
  • #64,366
  • May 19, 2010 11:32pm May 19, 2010 11:32pm
looking for a quick scalp breakout.
Any comments welcome and appreciated
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  • #64,367
  • May 19, 2010 11:33pm May 19, 2010 11:33pm
cool, bro

Quoting jarroo
I like the 1.65 because it lines up nicely with the 50% ret level, could be due for a ret after such a strong move upward. My risk is covered (free trade) so I'm not worried about it.
  • #64,368
  • May 19, 2010 11:41pm May 19, 2010 11:41pm
I may see it differently, Dan, Low has not been broken yet, so, there is no low high either, trend remains intact so far, and looks like a lot trouble area to get fighted in between ? I may be wrong, the bear may step in quickly, but, could not see a clue at least from PA ?

Quoting Dan Gilbert
DE JA VU, except this time we are starting out at a lower high
Attached Image (click to enlarge)
Click to Enlarge Name: dow.png Size: 12 KB
  • #64,369
  • May 19, 2010 11:44pm May 19, 2010 11:44pm
Quoting spyder
looking for a quick scalp breakout.
Any comments welcome and appreciated
if u are trying to learn this thread's material, then it's recommended that u trade the higher timeframes
  • #64,370
  • May 19, 2010 11:45pm May 19, 2010 11:45pm
I killed GBPCHF with a slight pip profit, simply don't like the way it retraces. Rule #1, preservation of capital

Quoting jeurre
cool, bro
  • #64,371
  • May 19, 2010 11:47pm May 19, 2010 11:47pm
Quoting jeurre
I may see it differently, Dan, Low has not been broken yet, so, there is no low high either...
probably Dan is referring to a lower high in relation to the higher high on the left-hand side of your weekly chart (July2008)..
or the four consecutive (current) lower highs on your chart.
  • #64,372
  • May 19, 2010 11:50pm May 19, 2010 11:50pm
Quoting jeurre
I may see it differently, Dan, Low has not been broken yet, so, there is no low high either, trend remains intact so far, and looks like a lot trouble area to get fighted in between ? I may be wrong, the bear may step in quickly, but, could not see a clue at least from PA ?
I'm talking about the high of oct 2007

edit: supreme has the right idea, just look at your charts, OIL, commodity currencies, SHAAAAARP DROP OFF, DOW has been screwy lately to say the least.

Just sayin'
Many choose unhappiness over uncertainty.
  • #64,373
  • May 19, 2010 11:51pm May 19, 2010 11:51pm
Quoting supremeChaos
if u are trying to learn this thread's material, then it's recommended that u trade the higher timeframes
yeah sorry, I usually trade J16 on the H4, I was just trying some smaller time frames on demo. Guess it's not really the right forum for this question.

Thanks anyway guys
  • #64,374
  • May 19, 2010 11:58pm May 19, 2010 11:58pm
Quoting Dan Gilbert
I'm talking about the high of oct 2007

edit: supreme has the right idea, just look at your charts, OIL, commodity currencies, SHAAAAARP DROP OFF, DOW has been screwy lately to say the least.

Just sayin'

What your sayin' is right imo
  • #64,375
  • Edited May 20, 2010 12:09am May 19, 2010 11:59pm | Edited May 20, 2010 12:09am
wow, mega trend !

Double Bottom is still possible

and, I would like to see the break of latest low 9,800 first .


Edit : oops, I was too concentrated on Dow chart, didn't pay attention to the other charts as you mentioned. now I understood what you were saying. great observation, bro !


Quoting Dan Gilbert
I'm talking about the high of oct 2007

edit: supreme has the right idea, just look at your charts, OIL, commodity currencies, SHAAAAARP DROP OFF, DOW has been screwy lately to say the least.

Just sayin'
  • #64,376
  • May 20, 2010 2:01am May 20, 2010 2:01am
Quoting jarroo
I can't find the May 13 Cad PB but that as you know it worked out well.

what made the 4 hour Gpb/Jpy an A+ was that it was a break out pattern setup.

Hi Jim, Do we consider the 4hr gbpjpy PB at swing high?
  • #64,377
  • May 20, 2010 2:34am May 20, 2010 2:34am
Hello skinfx,
most likely Sir jarroo is asleep now...
so, if i may....

are u referring to chart #2 & #3 in this post?
if so, that bar is in a range.
i can alternatively view that bar to be in a lower swing high.
but to be strict, it is not at a swing high or ideal swing high.

an ideal swing high/low has enormous amount of space on the left side of price.
the first chart (gbpchf H4) shows a good swing high (IPB followed by a huge BEOB @1.6900)

Hope this helps
  • #64,378
  • May 20, 2010 3:24am May 20, 2010 3:24am
As far as I am aware there is no function in Dealbook for screen shots.

However you can get a screen shot if you want one.

1) Whatever Windows system you have there is a key on the top row right of F12 and scroll lock.
It is "Prt Scr"

This means print screen - it does not print the screen if it ever did but it copies what is on your display to the clipboard.
I then use Photoshop, open a blank new file and paste the contents of the clipboard onto this (click the keys "Control" and "V" to paste) You can then crop the image.
Other image software probably will do the same.

2) In Windows 7 there is the "snipping tool" which shows a pair of scissors.
Click this and a small panel opens. Click the scissors on this and the screen goes misty white and a cross appears. Drag the cross to encompass the area you want to make an image of. Save the image.

3) Vista also has a snipping tool.

4) XP - not sure if this has a snipping tool, there is a freeware tool I found
http://download.cnet.com/PrtScr/3000...-10822324.html
This may do more than the print screen function.
This is the general area to look at for XP.

XP is very solid but Windows 7 is better (miss Vista out - I think Microsoft try to forget it ever happened)
  • #64,379
  • May 20, 2010 3:51am May 20, 2010 3:51am
EUR/USD

Anyone watching the reverse Head 7 Shoulders starting to complete the right shoulder on H4, right at the weekly PPZ.
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  • #64,380
  • May 20, 2010 3:56am May 20, 2010 3:56am
Quoting six gun
As far as I am aware there is no function in Dealbook for screen shots.....
post #2, 4, 5, & 6 here can help too.
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