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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

  • #71,281
  • Aug 11, 2010 8:33am Aug 11, 2010 8:33am
Quoting jarroo
lol


Check out how Price blew through the 1.3000 on its way down (in Blue). That's strong downward momentum.

It went down so hard that it almost for got to kiss it goodbye. . . but it didn't forget . . it retraced back to the 1.3000 and kissed it with an 8 hour PB. . .

I would like to see another kiss at the 1.3000 but this time on the way up. . . meaning a retrace back down to the 1.3000 with some nice Bullish PA.
Hi Jarroo,
How was that kiss?

FX
  • #71,282
  • Aug 11, 2010 8:59am Aug 11, 2010 8:59am
Finally it is moving my way!!! Was a long wait over that Inside Bar!

Well now....
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  • #71,283
  • Aug 11, 2010 10:02am Aug 11, 2010 10:02am
Was there any question why stocks are tanking today ?
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  • #71,284
  • Aug 11, 2010 10:10am Aug 11, 2010 10:10am
off-topic:
mt4: is there a possibility to write something in the trade-column "comments" after the trade got triggered?
thanks
meine augen sind die sterne
  • #71,285
  • Aug 11, 2010 10:20am Aug 11, 2010 10:20am
Quoting aserbfx
mt4: is there a possibility to write something in the trade-column "comments" after the trade got triggered?
i think u can but before, not after the trade gets triggered.
also,i think u can only write a short comment

press F1 to go to Help, then go to 'Search', type 'comments'

Hope this helps
  • #71,286
  • Aug 11, 2010 10:29am Aug 11, 2010 10:29am
Quoting supremeChaos
i think u can but before, not after the trade gets triggered.
also,i think u can only write a short comment

press F1 to go to Help, then go to 'Search', type 'comments'

Hope this helps
thanks.
maybe it's for interest of someone: you cannot change it after the position has been opened.
meine augen sind die sterne
  • #71,287
  • Aug 11, 2010 10:36am Aug 11, 2010 10:36am
  •  jdl
  • | Joined Oct 2006 | Status: going to master this or die trying | 101 Posts
Quoting supremeChaos
good to know u zipped it.

btw, u can learn from the setups u skipped that did well & even those that did not go well.
SC, yes I think it's good to keep two trade journals. One with your actual trades and one with the trade you really considered but then skipped. If you skipped many trades that went nowhere, that helps build your confidence in your trade criteria. If you skipped many good trades, perhaps you are overly restrictive in your trade criteria. The more data about your experiences the better!
  • #71,288
  • Aug 11, 2010 11:00am Aug 11, 2010 11:00am
  •  jdl
  • | Joined Oct 2006 | Status: going to master this or die trying | 101 Posts
Quoting aserbfx
off-topic:
mt4: is there a possibility to write something in the trade-column "comments" after the trade got triggered?
thanks
No, the comment field is grayed out when you modify an order.

If you are writing an expert advisor, you use the OrderModify() function to modify orders. That function also does not allow you to modify the comment value.
  • #71,289
  • Aug 11, 2010 11:02am Aug 11, 2010 11:02am
This EUR/GBP never looked back after the breakout + pullback with pin
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  • #71,290
  • Aug 11, 2010 11:18am Aug 11, 2010 11:18am
Thanks Mike for the advise about eurgbp the other day....
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  • #71,291
  • Aug 11, 2010 11:26am Aug 11, 2010 11:26am
Quoting Arnaldo
Thanks Mike for the advise about eurgbp the other day....
nicely done sir
  • #71,292
  • Aug 11, 2010 1:30pm Aug 11, 2010 1:30pm
i need some serious help. i joined the James16 group and finished watching all the videos at mike's beginner's video section, where to go next? mike's instructional videos?
  • #71,293
  • Aug 11, 2010 1:39pm Aug 11, 2010 1:39pm
Quoting premierpip
i need some serious help. i joined the James16 group and finished watching all the videos at mike's beginner's video section, where to go next? mike's instructional videos?
Pip I will PM you
  • #71,294
  • Aug 11, 2010 2:28pm Aug 11, 2010 2:28pm
Quoting Pinbar
I may be off the mark here but, the first thing that strikes me is that I missed some important PPZ, the ones in Black.

Maybe off the mark a little bit but not by much Pb. . . so you fine tune it a bit . . .that's why we practise.

You nailed the 88.00 and 87.00.
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Indicators show the past. Price Action "Indicates" the future.
  • #71,295
  • Aug 11, 2010 2:44pm Aug 11, 2010 2:44pm
Quoting mistersimple
it didnt work

Sure it did, Mr. Simple. It worked just as expected. Hit its target at the green area, previous bar Lows.

I liked the Location 90.00 BRN and at a swing Low but the Size of the PB was very small and weak, to counter that strong downward move.

Good example of how we can have a great location but the Size of the PA makes all the difference, especially as a countertrend trade and on the Hourly.
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Indicators show the past. Price Action "Indicates" the future.
  • #71,296
  • Aug 11, 2010 2:48pm Aug 11, 2010 2:48pm
I agree with Jarroo on this one. Definitely a good location at a swing low

But that size pb going Counter trend - it did exaclty what could have been asked for. Made it to FTA and turned around.

I trade both with and against the trend but I have made it rule or habit of taking profit at the first trouble area when trading counter trend. As long as it makes it to FTa you cannot be surprised after.

Quoting jarroo
Sure it did, Mr. Simple. It worked just as expected. Hit its target at the green area, previous bar Lows.

I liked the Location 90.00 BRN and at a swing Low but the Size of the PB was very small and weak, to counter that strong downward move.

Good example of how we can have a great location but the Size of the PA makes all the difference, especially as a countertrend trade and on the Hourly.
  • #71,297
  • Aug 11, 2010 2:55pm Aug 11, 2010 2:55pm
Quoting dmc
I agree with Jarroo on this one. Definitely a good location at a swing low

But that size pb going Counter trend - it did exaclty what could have been asked for. Made it to FTA and turned around.

I trade both with and against the trend but I have made it rule or habit of taking profit at the first trouble area when trading counter trend. As long as it makes it to FTA you cannot be surprised after that.

Well said dmc. You sound just like James16.

Just did give you something to think about, that green area target that this weak countertrend PB hit . .is not a bad place to go short to continue with the trend . .just some thoughts . .
Indicators show the past. Price Action "Indicates" the future.
  • #71,298
  • Aug 11, 2010 3:07pm Aug 11, 2010 3:07pm
Quoting xmzhang
G'day fellow traders,

Yesterday I saw this beautifull PB right at resistance of a 4H-range, this pair is consolidating on the 4H-TF at the moment. A nice oppertunity to look for a short towards support of the range. This morning price hit the support to the piphttp://cdn.forexfactory.com/images/icons/icon10.gif. The support of the range and the uptrendline of the daily also meet at the RNB 13750. Let's look for some PA at this cross, will this pair continue it uptrend or will it break the trendline ? On the daily price just made a slightly...
Nice analyisis xmzhang. I like the size of that PB compared to previous bars. Also off the 1.3900 which is a Daily PPZ level. Daily PPZ levels on the 4 hour time frame . .nice.
Indicators show the past. Price Action "Indicates" the future.
  • #71,299
  • Aug 11, 2010 3:19pm Aug 11, 2010 3:19pm
Quoting supremeChaos
Good eye bro!

speaking of Bundy, where is he?
I was thinking the same over the last few weeks.

Maybe taking the summer off .
Indicators show the past. Price Action "Indicates" the future.
  • #71,300
  • Aug 11, 2010 3:29pm Aug 11, 2010 3:29pm
Quoting Fxfighter
Hi Jarroo,
How was that kiss?

FX

lol yeah . . . I think it was something deeper than a kiss. lol No bullish PA forming here. lol

Price cutting through the 1.3000 like butter tells me how strong this downward move is . . strength-wise alot of momentum.

Looks like I should re-submit that post and just change the date.
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Indicators show the past. Price Action "Indicates" the future.
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