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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

  • #66,101
  • Jun 12, 2010 9:27am Jun 12, 2010 9:27am
Quoting Grousman
Hi all, been a while since posting, actually got a day job so kind of busy....
Long time sir...

I agree the Eur/Gbp is in for a quick shot

g.
I believe . . .
  • #66,102
  • Jun 12, 2010 9:29am Jun 12, 2010 9:29am
Quoting triger88990
the 17th is my birthday too . I already feel so honored being born on the same day, it will be a double party for sure.

I wish I could spend more time on this thread and to be more active but my day job it keeps me busy.

But i always check what the old fellas are doing.

wish you all the best guys!!!!
Wow...

I stopped by the planet earth on the 17th as well, only that is was the month of January though lol

Seriously I feel for you Trig!

g.
I believe . . .
  • #66,103
  • Edited 9:48am Jun 12, 2010 9:33am | Edited 9:48am
Quoting Pinbar
Just noticed raczekfx post and remembered Jarroo's many references to this person. Like, "That would be Rac setup" or something like that.

Anyway, it is Saturday so I am allowing my imagination to amble a little more.

I noticed this post by raczekfx way back in 2005 (the black chart), With a GBP/USD short on 2005 Nov 03.

http://www.forexfactory.com/showpost...&postcount=476


This intrigues me a little as, I have read somewhere that the SL on a PA setup can be set at the 61.8 of the PA...
Hey Pb.

If you would have read on a few post beyond that Rac post you would have got
more answer to his reasons behind that trade.

Quoting raczekfx
You're absolutely right, Habeeb. This is not a BEOVB and thanks for pointing it out.
I took the trade because of nonefarm data being released next day and was 'gambling' on GBPUSD to drift lower until that time.

have a great weekend and big pips next week

Mark
Well it is a BEOVerticalB, the High and Low engulf the previous bar. We just like the Close of the BEOB to be lower than the previous bar to show strength. Actually its a ghous' bearish IPB looking BEOB but it is a BEOB not a Pin Bar.

This was probably when Rac's cave still had that "new cave smell". I say this because a classic Rac multi confluence setup was staring him in the face.

Rememeber Pb we are on the 4 Hour so let's see where those Higher time frame PPZ levels are located. Wow . . . the 1.7800 sure looks good.

So we have the PPZ level, 1.7800, 61.8 Fib and 365 ema. Kaboom. I could have put a form fitted trendline on this too but I didn't.
I'm sure if Rac sees this post, he'll smile .
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Indicators show the past. Price Action "Indicates" the future.
  • #66,104
  • Jun 12, 2010 9:52am Jun 12, 2010 9:52am
Quoting ghous
When little Pbs reverse trends they I bet are always located at a brilliant location.

Let me go over this a bit.

A j16 setup for us constitutes 2 elements.

1) PA Bar (shape etc)

2) Location (space, confluence etc)

Can a PA bar with full marks to it still create a move if the location department is inadequate? yes it can.

Can a good location with full marks to it still make a move if the bar department is inadequate? yes it can. hell that's what jarroo does day in and day out. Rac-man trades only off a good location...take that....

#3 . . . . Rules!
Indicators show the past. Price Action "Indicates" the future.
  • #66,105
  • Jun 12, 2010 9:54am Jun 12, 2010 9:54am
Quoting jarroo
#3 . . . . Rules!
Sure does.
I believe . . .
  • #66,106
  • Jun 12, 2010 10:02am Jun 12, 2010 10:02am
Quoting ghous
Wow...

I stopped by the planet earth on the 17th as well, only that is was the month of January though lol

Seriously I feel for you Trig!

g.
Wow....... 17th it seems to be a lucky number at least around this place, nice to hear that from you, one of my brothers "land" on earth on January too, but it was on 24th.

who knows how many lurkers may be on the lucky number 17th that we don't even know.

ps: the 17th january is now on my notebook, had to give some compliments on that day

all the best!
  • #66,107
  • Jun 12, 2010 10:02am Jun 12, 2010 10:02am
Quoting g_j_hook@yah

gotta laugh old buddy!!
btw some great posts recently bro



...well if your offering Jarroo....im single!!.... lol

jon

She's on her way buddy. lol
Indicators show the past. Price Action "Indicates" the future.
  • #66,108
  • Jun 12, 2010 10:04am Jun 12, 2010 10:04am
Quoting triger88990
Wow....... 17th it seems to be a lucky number at least around this place, nice to hear that from you, one of my brothers "land" on earth on January too, but it was on 24th.

who knows how many lurkers may be on the lucky number 17th that we don't even know.

ps: the 17th january is now on my notebook, had to give some compliments on that day

all the best!
you might want to drop in for a drink or 2 as well

(we don't drink beer...chilled coke at your service.)
I believe . . .
  • #66,109
  • Jun 12, 2010 10:04am Jun 12, 2010 10:04am
Quoting Grousman
Hi all, been a while since posting, actually got a day job so kind of busy. Said it before an I will say it again, Best thread on the net!! Well done to all and I was well helped a lot here.

Ok, I have an ouside bar on EG, off 8200. Was thinking of taking it long if it retraces to around 8280, manage it tightly because some daily bar highs to the left of it. If it clears them looks good to 8400.

Against strong trend thought but this bar size looks good? Made 55 pips based on 4H entry yesterday.

Apologies for no chart but I cant remember how...

Hey Grousman.

To post a chart:

If you’re a meta trader user just right click on the meta trader chart and go to “Save As Picture”.
Then “Select the image you would like to save:” Pick “Active chart (as is)” then click “OK”.
Save anywhere you want i.e. Desktop or a folder.

Then when you enter to post comments go down to “Manage Attachments” click that.
Then click “Browse” to find your pic you want to attach, i.e. Desktop or folder.
Click the pic you want and hit “Open”, Then hit “Upload”.
Wait for it to upload then close the “Manage Attachments” window. Then make sure you hit the “Submit Reply” button that is under the “Manage Attachments” button.
Done.
Indicators show the past. Price Action "Indicates" the future.
  • #66,110
  • Jun 12, 2010 10:10am Jun 12, 2010 10:10am
This would be interesting next week.
.
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  • #66,111
  • Jun 12, 2010 10:13am Jun 12, 2010 10:13am
Quoting ghous
you might want to drop in for a drink or 2 as well

(we don't drink beer...chilled coke at your service.)
No problem Sir

It is even better without beer, I'm not that much in love with it, coke soda, whatever you wanth as long as it's not related with alcohol
  • #66,112
  • Jun 12, 2010 10:16am Jun 12, 2010 10:16am
Quoting triger88990
the 17th is my birthday too . I already feel so honored being born on the same day, it will be a double party for sure.

I wish I could spend more time on this thread and to be more active but my day job it keeps me busy.

But i always check what the old fellas are doing.

wish you all the best guys!!!!
i hope it was't the same year.

lol
.
  • #66,113
  • Jun 12, 2010 10:19am Jun 12, 2010 10:19am
Quoting nasir.khan
This would be interesting next week.
.
Interesting indeed, nasir.
Indicators show the past. Price Action "Indicates" the future.
  • #66,114
  • Jun 12, 2010 10:19am Jun 12, 2010 10:19am
Quoting ghous
you might want to drop in for a drink or 2 as well

(we don't drink beer...chilled coke at your service.)
If we Google Hookers,........

we sure don't drink beers.
.
  • #66,115
  • Jun 12, 2010 10:21am Jun 12, 2010 10:21am
Quoting nasir.khan
i hope it was't the same year.

lol
.
LOL

I hope too .............I'm 24 in matter of days. I guess I'm much older than the thread

how it has been your time, nasir?

all the best!
  • #66,116
  • Jun 12, 2010 10:26am Jun 12, 2010 10:26am
Quoting triger88990
LOL

I hope too .............I'm 24 in matter of days. I guess I'm much older than the thread

how it has been your time, nasir?

all the best!
nothing special just working on some psych issue's and testing color scheme's for my charts.
.
  • #66,117
  • Jun 12, 2010 10:34am Jun 12, 2010 10:34am
Quoting jarroo
Interesting indeed, nasir.
Thanks Jarroo.

i'll try to draw a bar like i did on EJ and see if it works this time. lol
.
  • #66,118
  • Jun 12, 2010 11:32am Jun 12, 2010 11:32am
Quoting jarroo
Hey Grousman.

To post a chart:

If you’re a meta trader user just right click on the meta trader chart and go to “Save As Picture”.
Then “Select the image you would like to save:” Pick “Active chart (as is)” then click “OK”.
Save anywhere you want i.e. Desktop or a folder.

Then when you enter to post comments go down to “Manage Attachments” click that.
Then click “Browse” to find your pic you want to attach, i.e. Desktop or folder.
Click the pic you want and hit “Open”, Then hit “Upload”.
Wait for it to upload then close...

Man, seriously you guys are so helpful, with everything its amazing. Serious thanks to you and the guys that replied to my post.

If you are ever in the Middle East, well ok Dubai, let me know and would love to buy you a cold or hot drink.

Take care for now & thanks again.
  • #66,119
  • Jun 12, 2010 12:58pm Jun 12, 2010 12:58pm
I'm long GBP/USD for tonight - dunno about you guys..
Anything can happen.
  • #66,120
  • Jun 12, 2010 1:52pm Jun 12, 2010 1:52pm
Quoting ddinnov
I'm long GBP/USD for tonight - dunno about you guys..
You mean tomorrow? What spread are you paying to trade right now?
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