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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

  • #70,881
  • Aug 8, 2010 8:40pm Aug 8, 2010 8:40pm
Quoting jarroo
Excuse me . . what's this about dude?
I Laugh at him becouse he undestand what is post and that everyone can post according rules what they want...You can accept that or not,but he didnt understand...

Second quote is protection by friend and that is also very kidish i think this is good thread and Pinbar made mistake,i posted on Naked thread his chart and said that is wrong he posted on this and that is how this happen.

Guys forum is place to change our charts,our comments...This isnt chat room for friends or something like that that is the point...



Cheers
"Buy on fear, sell on greed !!!
  • #70,882
  • Aug 8, 2010 8:46pm Aug 8, 2010 8:46pm
Quoting Petar_Serbia
I Laugh at him becouse he undestand what is post and that everyone can post according rules what they want...You can accept that or not,but he didnt understand...

Second quote is protection by friend and that is also very kidish i think this is good thread and Pinbar made mistake,i posted on Naked thread his chart and said that is wrong he posted on this and that is how this happen.

Guys forum is place to change our charts,our comments...This isnt chat room for friends or something like that that is the point...



Cheers
Pb didn't make a mistake that's the funny thing about this. You misread his chart : http://www.forexfactory.com/showpost...ostcount=70875 and I'm not going to point out how foolish you look by doing so.

I suggest you read the 1st post of this thread. We treat people differently here.
Indicators show the past. Price Action "Indicates" the future.
  • #70,883
  • Aug 8, 2010 8:54pm Aug 8, 2010 8:54pm
Quoting jarroo
Pb didn't make a mistake that's the funny thing about this. You misread his chart and I'm not going to point out how foolish you look by doing so.

I suggest you read the 1st post of this thread. We treat people differently here.
Funny thing is also my post from Naked thread fi you looking on that way...I can post whatever you want i can say on this or other way what i want to say everything according forum rules...

We treat people differently hmm,that is also one of these posts...On every thread we must respect all traders if is that point,i respect charts from everyone and i can say my sugestion or i can just read and leave...If you still speak about this that is also very stupid,post charts and trade fun...I see guys you everthing undestand seriously...


Cheers.

Petar
"Buy on fear, sell on greed !!!
  • #70,884
  • Aug 8, 2010 8:57pm Aug 8, 2010 8:57pm
Quoting Petar_Serbia
Funny thing is also my post from Naked thread fi you looking on that way...I can post whatever you want i can say on this or other way what i want to say everything according forum rules...

We treat people differently hmm,that is also one of these posts...On every thread we must respect all traders if is that point,i respect charts from everyone and i can say my sugestion or i can just read and leave...If you still speak about this that is also very stupid,post charts and trade fun...I see guys you everthing undestand seriously...


Cheers....

Dude, you still dont get it . .good luck to you.
Indicators show the past. Price Action "Indicates" the future.
  • #70,885
  • Aug 8, 2010 8:59pm Aug 8, 2010 8:59pm
Quoting jarroo
Dude, you still dont get it . .good luck to you.
I think you still dont get it...Post charts and trade fun...Still speak about one post...
"Buy on fear, sell on greed !!!
  • #70,886
  • Aug 8, 2010 9:01pm Aug 8, 2010 9:01pm
Quoting jarroo
Hey Pb,

Looks like this guy misread your chart. Your diagonal PPZ or trendline you drew (Red dotted line on my chart) he thought was a Fib line draw, which if he read your chart more carfefully he would have know that.

You drew your Fibs perfectly. Look at that heavy confluence with the 1.3500. Nice work Pb.

Be easy on the guy Pb . . he's probably still learning how to read a basic chart. I'm sure you can teach him a few things.

Jim

Thanks for clarifying the fibos Jarroo.

Mike seemed to have some reservations with them.

I guess fibos can be rather subjective and I do need to learn more about them if I am going to use them correctly.


Let's try to ignore this Troll till he goes away. He will.
  • #70,887
  • Aug 8, 2010 9:05pm Aug 8, 2010 9:05pm
Quoting Pinbar
Thanks for clarifying the fibos Jarroo.

Mike seemed to have some reservations with them.

I guess fibos can be rather subjective and I do need to learn more about them if I am going to use them correctly.
Yeah I saw another post about fibs . .I'll do a quick summary on them from that post.

We mainly use fibs as one of our confluencing tools. . give me a minute.
Indicators show the past. Price Action "Indicates" the future.
  • #70,888
  • Aug 8, 2010 9:06pm Aug 8, 2010 9:06pm
Quoting Petar_Serbia
I think you still dont get it...Post charts and trade fun...Still speak about one post...
I remember a guy 'bobalon' or something, very similar to you. He ultimately got banned. We are much better when we leave our attitude behind.
  • #70,889
  • Aug 8, 2010 9:08pm Aug 8, 2010 9:08pm
Quoting The Lord
I remember a guy 'bobalon' or something, very similar to you. He ultimately got banned. We are much better when we leave our attitude behind.

Hasn't been 3 to 4 months already . . .I guess we were due.
Indicators show the past. Price Action "Indicates" the future.
  • #70,890
  • Aug 8, 2010 9:09pm Aug 8, 2010 9:09pm
Quoting Pinbar
Thanks for clarifying the fibos Jarroo.

Mike seemed to have some reservations with them.

I guess fibos can be rather subjective and I do need to learn more about them if I am going to use them correctly.


Let's try to ignore this Troll till he goes away. He will.
Still didnt learn point...FOR ME IS TOTALY WRONG !!!

YOu can draw fibs from every point on chart that can be ok for you but not for others,i said on my post my thought...END
"Buy on fear, sell on greed !!!
  • #70,891
  • Aug 8, 2010 9:11pm Aug 8, 2010 9:11pm
Quoting The Lord
I remember a guy 'bobalon' or something, very similar to you. He ultimately got banned. We are much better when we leave our attitude behind.
Banned for what ?
"Buy on fear, sell on greed !!!
  • #70,892
  • Aug 8, 2010 9:16pm Aug 8, 2010 9:16pm
the sooner we get back to charts the sooner the pain ends!


so here is a chart!
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  • #70,893
  • Aug 8, 2010 9:16pm Aug 8, 2010 9:16pm
Quoting mbqb11
the sooner we get back to charts the sooner the pain ends!


so here is a chart!


What the heck is WUO?
  • #70,894
  • Aug 8, 2010 9:17pm Aug 8, 2010 9:17pm
Quoting Pinbar
What the heck is WUO?
wheat futures, crazy huh
  • #70,895
  • Aug 8, 2010 9:19pm Aug 8, 2010 9:19pm
Quoting mbqb11
wheat futures, crazy huh


Hmm, is this due to the Russian fires.

Would think it would go up.
  • #70,896
  • Aug 8, 2010 9:30pm Aug 8, 2010 9:30pm
come on, people, all of you are nice, i see a lot of really warm hearted persons here, so, just get along with different way of helping newbie traders like myself however, i will be delighted to see different topic in a seperate place if possible ??

jeurre
  • #70,897
  • Aug 8, 2010 9:35pm Aug 8, 2010 9:35pm
Quoting tjc1020
Hi All

I am new to the J16 thread as far as posting although I read daily and have been doing so for quite some time. I have been trying to get through the history of this thread and listening to the Guest Area webinars on the J16 web page. I also from time to time try to pop into the guest chat room. Due to my personal schedule it has been quite diffucult for me to commit time but I am determined even if it means it will take longer than most.
This is my first chart posting. I would like to know if I have drawn the Fib lines properly and does...
Welcome tjc.

Your fibs look good the way you drew them, tj. But we have to remember why we have fib retracements. It come from that old saying (which is a good saying, mind you) . ." we want to enter a uptrend market at a swing Low and enter a downward market at a swing High". Fib retracements are a tool that many use to find potential Swing Highs/Lows in there respective trending markets.

So we draw fibs from the swing High and to the swing Low, in this case, the recent down trend on the Euro. So if this down trend is going to continue, we would like to enter at a swing high, a fib retracement level. Which you drew correctly tj. You can also draw from any swing High in that down trend (Red check marks). These other check marked swing highs will look more prominent on lower time frames but on the Weekly time frame, the first two look good. Chart 1


chart 2 . . .
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Indicators show the past. Price Action "Indicates" the future.
  • #70,898
  • Aug 8, 2010 9:39pm Aug 8, 2010 9:39pm
Looks like some tension this week....

How about these guys?
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  • #70,899
  • Aug 8, 2010 9:56pm Aug 8, 2010 9:56pm
Quoting jarroo
Welcome tjc.


chart 2 . . .
You can see on your Daily Fib retracement that you drew tj, worked out very nicely. BEOB at the 61.8 fib Level. But was it just the 61.8 ret. level that made it work? I would say "No", in part. I would say that it was not just the 61.8 fib but that it also confluenced with the BRN 1.3000 that made it work.

Now this is where the subjective thinking the Mike was talking about. Mike didn't need the 61.8 fib to tell him that the 1.3000 was a strong level and Price would react to it. But that added confluence made the 1.3000 BRN standout more to me.

Its up to you to see this confluence at BRNs, PPZ levels, Support levels and Resisance levels. You'll find that its the PPZ levels, BRNs etc., are the main focus for PA and that fib levels, MAs, trendlines, etc., are an added confluence.

Now with your other fib draw . .
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Indicators show the past. Price Action "Indicates" the future.
  • #70,900
  • Aug 8, 2010 9:57pm Aug 8, 2010 9:57pm
Quoting spookie94
Looks like some tension this week....

How about these guys?


Yeah, I also was watching that PB but I decided that there are more cons than pros on this one.

Pros:

nice support area & shape


Cons:

Overall small bar

In strong downtrend

Price was rejected by the 1.0300

Below monthly PPZ


Feel free to post any things I missed or got wrong.



Just trying to practice my analysis
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