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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

  • #68,521
  • Jul 13, 2010 6:10am Jul 13, 2010 6:10am
Quoting mbqb11
Hey Ad

There are too many posts to list(man this thread is huge)....
Mike, thank you very much. I understand it now. Ok I consider myself as a patient person, so I guess after a few months of learning here from you and the guys I would be able to have my own criteria for real A+ setups. Thanks.
  • #68,522
  • Jul 13, 2010 6:11am Jul 13, 2010 6:11am
Quoting jeurre
is it true, you use this machine?
Please stop laughing at my trading station
  • #68,523
  • Jul 13, 2010 6:11am Jul 13, 2010 6:11am
Quoting Adilius07
Mike, thank you very much. I understand it now. Ok I consider myself as a patient person, so I guess after a few months of learning here from you and the guys I would be able to have my own criteria for real A+ setups. Thanks.
patience will serve you VERY well. I would make very much bigger then that, but I don't want to annoy some people this early in the AM.
  • #68,524
  • Jul 13, 2010 6:28am Jul 13, 2010 6:28am
Quoting mbqb11
amazing Bill. Your options aren't limited to that box always though. Meaning if you believe in a trade you can also see what happens at the top of the box, and catch a potential runner there. You can then use the top of the box for trade mgmt(if price breaks out it will likely test the top and continue to run or a good chance of it).

Taking note of these types of area and environments are crucial while in trades, out of trades, and deciding to take trades.

Nice post sir

Mike
Got it...thx for your input
  • #68,525
  • Jul 13, 2010 6:31am Jul 13, 2010 6:31am
sure, no laugh any more, please thraw up some good chart, machine is less important than charts.

jeurre

Quoting Atc
Please stop laughing at my trading station
  • #68,526
  • Jul 13, 2010 6:33am Jul 13, 2010 6:33am
Quoting Pinbar
Right, no more messing around.

I have marked the weekly and daily PPZ on these 8 charts, now I dig in and wait for PA that CLEARLY stands as a definitive PA bar around these areas, I DO NOT chase a setup, I WAIT with patience and don't try to fade the market.


Once I find a PA setup, I look for confluence and if I find obvious confluence with fibos, RN & trendlines, I work out the FTA and the RR ratio. If it all adds up, I place my order and manage the trade accordingly.

Any other thoughts folks?
buy the book "trade your way to financial freedom".... lol I'm going to plug this book for a while.
Many choose unhappiness over uncertainty.
  • #68,527
  • Jul 13, 2010 6:39am Jul 13, 2010 6:39am
glad to be with you, Mike, unfortunately I moved my stoploss to BE too quick on GU, flat on it now. just enterred short after seeing your H&S analysis, didn't think of the correlation between GU and EG, so much exciting learning opportunity by talking with you as always. thank you very much.

besides, I am also long GCH expecting to fade the range move

jeurre

Quoting mbqb11
Not necessarily something I would trade these days, but certainly take note off. I am long gbp/usd from a 4hr buob and more downside on eur/gbp would make sense for me along these lines(hopefully )

Mike
  • #68,528
  • Jul 13, 2010 6:41am Jul 13, 2010 6:41am
I know I'm way too early, but a close like this would be much appreciated. Nice confluence with the .88 level. I'm sure I'll get an amen from Ghous for this IPB
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  • #68,529
  • Edited 6:43am Jul 13, 2010 6:42am | Edited 6:43am
hi guys , had this trade for 40+,im looking too 12740 today anyone any thoughts on this ,i did intend a rentry at open of next candle but missed it as i was flicking through the posts to catch up .
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  • #68,530
  • Edited 7:59am Jul 13, 2010 6:55am | Edited 7:59am
Quoting Dan Gilbert
buy the book "trade your way to financial freedom".... lol I'm going to plug this book for a while.
Right, I am going to read it while I am Dug in waiting for some decent PA to materialize.
  • #68,531
  • Jul 13, 2010 7:18am Jul 13, 2010 7:18am
Holy Cow!

you beat me Pin Bar. I was just gonna offer a link.
  • #68,532
  • Jul 13, 2010 7:26am Jul 13, 2010 7:26am
Quoting tubguy
Holy Cow!

you beat me Pin Bar. I was just gonna offer a link.

Links to PDF files are not recommended in this thread. It seems.
  • #68,533
  • Jul 13, 2010 7:31am Jul 13, 2010 7:31am
Quoting artov
I know I'm way too early, but a close like this would be much appreciated. Nice confluence with the .88 level. I'm sure I'll get an amen from Ghous for this IPB
Lot's of time to the daily bar close, looks like it's really pushing to go past those highs at 0.878ish region, let's see how things develop.
I believe . . .
  • #68,534
  • Jul 13, 2010 8:15am Jul 13, 2010 8:15am
Quoting ghous
Hey PMR...

How's your Eu short doin'?
Hey Ghous ... i didnt want to be subject to the weekend so i only left a teeny weeny piece on And its come back hard now anyway hasnt it
  • #68,535
  • Jul 13, 2010 8:46am Jul 13, 2010 8:46am
Quoting Pinbar
Links to PDF files are not recommended in this thread. It seems.
Yea I think you are right. I never even take the chance. I just ask them to PM me for the link. Then spend a ton of time replying. lol
  • #68,536
  • Jul 13, 2010 9:01am Jul 13, 2010 9:01am
its a funny old game just missed target by 1 pip think ill get a lottery ticket too lol
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  • #68,537
  • Jul 13, 2010 9:12am Jul 13, 2010 9:12am
Quoting pipmyride
Hey Ghous ... i didnt want to be subject to the weekend so i only left a teeny weeny piece on And its come back hard now anyway hasnt it
It has, but only after doing what was expected of it.

g.
I believe . . .
  • #68,538
  • Jul 13, 2010 9:22am Jul 13, 2010 9:22am
matching highs now on eurusd m30 .. sellstop under pb
  • #68,539
  • Jul 13, 2010 10:09am Jul 13, 2010 10:09am
target 1.2650?
  • #68,540
  • Jul 13, 2010 10:48am Jul 13, 2010 10:48am
Quoting mistersimple
matching highs now on eurusd m30 .. sellstop under pb
Mistersimple, you mean 1hr pin on eurusd?
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