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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

  • #75,801
  • Sep 28, 2010 5:47am Sep 28, 2010 5:47am
I missed my entry...decided to wait for PA instead of being aggressive
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  • #75,802
  • Edited 6:03am Sep 28, 2010 5:49am | Edited 6:03am
Quoting ppfx
Thanks The lower one was a touch trade. I would have bought it a few pips lower but i missed it. I entered the second one beacuse of the pinbar forming on the 4h chart and i put the buy order just above the pb and above the 1h ppz.


So how was it? Hope you had good weather.

Nice ppfx . .


Its was great to get out of dodge . . the weather was cold, windy and rainy . . but that's the whole point of the outing we take at the end of the season. To battle the elements . .its was alot of fun, however when we were younger, 25 years ago . .now its a battle . . .lol
Indicators show the past. Price Action "Indicates" the future.
  • #75,803
  • Sep 28, 2010 5:51am Sep 28, 2010 5:51am
Quoting jarroo
Absolutely . . . you know the saying . .a strong defence makes a great offence . . .

I am holding on to this as GBPUSD has made new highs today and EURUSD has not taken out yesterdays highs. If EURUSD closes strongly above yesterdays high on a 1 hr timeframe or higher I will think about closing.
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  • #75,804
  • Sep 28, 2010 5:52am Sep 28, 2010 5:52am
Quoting geomink
is the 365 Ema or simple?

many thanks

best trading
365 ema.
Indicators show the past. Price Action "Indicates" the future.
  • #75,805
  • Sep 28, 2010 5:56am Sep 28, 2010 5:56am
Quoting Atc
I missed my entry...decided to wait for PA instead of being aggressive
Absolutely nothing wrong with waiting for PA confirmation Bill.

Were you waiting for PA on the Daily time frame?
Indicators show the past. Price Action "Indicates" the future.
  • #75,806
  • Sep 28, 2010 5:58am Sep 28, 2010 5:58am
Quoting fxprocessor
VBRN combined with PPZ and inside bar cluster on EURGBP. I am short from the break.
Same here However i usually dont trade IBs but these one were just calling to take them. I mean, one inside bar forming after another, and then another and just off the 0.85... Well i just couldnt let them go

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  • #75,807
  • Sep 28, 2010 5:59am Sep 28, 2010 5:59am
Quoting fxprocessor
I am holding on to this as GBPUSD has made new highs today and EURUSD has not taken out yesterdays highs. If EURUSD closes strongly above yesterdays high on a 1 hr timeframe or higher I will think about closing.
Makes sense to me fxp. I may let it play out and enter Stop and Reverse style if it comes to that.
Indicators show the past. Price Action "Indicates" the future.
  • #75,808
  • Sep 28, 2010 6:04am Sep 28, 2010 6:04am
Quoting jarroo
Makes sense to me fxp. I may let it play out and enter Stop and Reverse style if it comes to that.

I'm also considering stop and reverse if the top of the inside bar is taken out.

I also ask myself the question "would I want to take the other side of my position now" when deciding when to close a trade at BE. I would not go long EURGBP at this exact moment in time so leaving to play out.

Sitting on hands for now
  • #75,809
  • Sep 28, 2010 6:08am Sep 28, 2010 6:08am
Quoting fxprocessor
I'm also considering stop and reverse if needed. I would potentially go for a longer TP if long as well.

Sitting on hands for now

I agree . . A break to the long side, instead of to the short side which it did, sure looked better structure wise. But I stopped thinking on this IBs at BRNs long ago. lol
Indicators show the past. Price Action "Indicates" the future.
  • #75,810
  • Sep 28, 2010 6:12am Sep 28, 2010 6:12am
Quoting jarroo
I agree . . A break to the long side, instead of to the short side which it did, sure looked better structure wise. But I stopped thinking on this IBs at BRNs long ago. lol
Yes it's sometimes good not to have a bias I agree.

Did you see the GBPCHF? It hit the Jarroo take off area (previous bar high) nicely. It was also a round number.
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  • #75,811
  • Sep 28, 2010 6:12am Sep 28, 2010 6:12am
Quoting jarroo
Nice ppfx . .


Its was great to get out of dodge . . the weather was cold, windy and rainy . . but that's the whole point of the outing we take at the end of the season. To battle the elements . .its was alot of fun, however when we were younger, 25 years ago . .now its a battle . . .lol
How old are you Sir, if i may ask? I thought you and Mike were about the same age. I thought both of you are in your thirties at least, with all your knowledge. Mike then surprised me when he said hes in his twenties.
  • #75,812
  • Sep 28, 2010 6:12am Sep 28, 2010 6:12am
Quoting jarroo
Absolutely nothing wrong with waiting for PA confirmation Bill.

Were you waiting for PA on the Daily time frame?
Jim--i was looking on the 4H TF for the entry, but that Bear Bar made me uncomfortable.
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  • #75,813
  • Sep 28, 2010 6:16am Sep 28, 2010 6:16am
Quoting ppfx
The pair reacted even better than i imagined. What i see now is a PPZ @1.584 . You can see a consolidation box on the h4. Id say if it breaks up we can very possibly see the 1.600 and if it goes down id say it would go to the previous tops @1.573 Will see what happens...

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I took the trade yesterday and soon closed it cause it failed to go higher. ( you can see the order on the chart) and then i traded it again, this time a little lower and with more success Now the stops are at BE and its a free trade..

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  • #75,814
  • Sep 28, 2010 6:17am Sep 28, 2010 6:17am
Quoting ppfx
How old are you Sir, if i may ask? I thought you and Mike were about the same age. I thought both of you are in your thirties at least, with all your knowledge. Mike then surprised me when he said hes in his twenties.


I'm 48.

Mike is like 26 but he has an old soul . . I mean that in a good way, Mike. An old soul is good to have in the trading business.
Indicators show the past. Price Action "Indicates" the future.
  • #75,815
  • Sep 28, 2010 6:21am Sep 28, 2010 6:21am
Quoting Atc
Jim--i was looking on the 4H TF for the entry, but that Bear Bar made me uncomfortable.

And well it (BEB 4 Hour) should have, Bill. I thought for sure we were heading back to the 1.3300.

I like the way you think.
Indicators show the past. Price Action "Indicates" the future.
  • #75,816
  • Sep 28, 2010 6:24am Sep 28, 2010 6:24am
Quoting Atc
Jim--i was looking on the 4H TF for the entry, but that Bear Bar made me uncomfortable.
There was a small PB on the Hourly but that would have been tough to hang on to once it hit its target.
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Indicators show the past. Price Action "Indicates" the future.
  • #75,817
  • Edited 6:26am Sep 28, 2010 6:26am | Edited 6:26am
Quoting jarroo
I'm 48.

Mike is like 26 but he has a old soul . . I mean that in a good way, Mike. A old soul is good to have in the trading business.
I always thought mike was young,and he is,he is so active in all the things and more to it,he has a tons of knowledge,hope i learn from him.
I'm also 20 ppfx,i read you were also 20.
But age is just a number,isn't that right.
For me Jim and Mike are both equal in all respects of trading,but the big man is a great teacher.
And not to forget you Jarroo sir,and Ghous,and this list is just a start.
Regards
Taz
  • #75,818
  • Sep 28, 2010 6:29am Sep 28, 2010 6:29am
Quoting jarroo
There was a small PB on the Hourly but that would have been tough to hang on to once it hit its target.
Yes Jim...I saw this also...tiny in stature...not confirming upward mobility....appreciate your comments...nice to know that I'm marching with the czar!

Bill
  • #75,819
  • Sep 28, 2010 6:31am Sep 28, 2010 6:31am
Quoting 666Doom
I always thought mike was young,and he is,he is so active in all the things and more to it,he has a tons of knowledge,hope i learn from him.
I'm also 20 ppfx,i read you were also 20.
But age is just a number,isn't that right.
For me Jim and Mike are both equal in all respects of trading,but the big man is a great teacher.
And not to forget you Jarroo sir,and Ghous,and this list is just a start.
Regards
Taz
Nice to see another 20 y.o. Yes of course. Its just that the '25 years ago' stated by Jim confused me a little. Thats all.
  • #75,820
  • Sep 28, 2010 6:37am Sep 28, 2010 6:37am
Quoting 666Doom
I always thought mike was young,and he is,he is so active in all the things and more to it,he has a tons of knowledge,hope i learn from him.
I'm also 20 ppfx,i read you were also 20.
But age is just a number,isn't that right.
For me Jim and Mike are both equal in all respects of trading,but the big man is a great teacher.
And not to forget you Jarroo sir,and Ghous,and this list is just a start.
Regards
Taz
Jim and Mike has played a big role in how I learn to trade. You can't go wrong from learning from them. They have made me the trader that I am today.

Sure . . you begin to develop your own style and comfort zones, but the foundation of my trading comes from those great teachers.

Man . .I wish I started when I was in my 20's . .

You guys got a great future in store . .
Indicators show the past. Price Action "Indicates" the future.
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