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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

  • #77,941
  • Oct 20, 2010 9:56am Oct 20, 2010 9:56am
Quoting supremeChaos
wow.

this must be the 2nd or 3rd or 4th time u posted that. (i checked your post history)
i gave u a link (once or twice) that contained exactly what u need. (go back & see my previous response to u. i pointed u to a link)
this tells me u are a selective reader. (which is detrimental, imho, if u are new but serious at this)
if u have been proactive, u could've used your time better if u used Forex Factory's Search tool, instead of asking the same thing 2 or 3 times.

i really hope u are not a troll.
Sorry to be frank but it's for your own...
First I am not a selected reader as you mentioned in your post. I read every post in here. I just asked a question that I am need of, mean why I never knew you had answered the question.

You shld have called my attention to the question rather than what you said above.

Much love.
If you don't control your emotion it will control you.
  • #77,942
  • Oct 20, 2010 10:03am Oct 20, 2010 10:03am
Quoting xmzhang
What a BUMMER, look what C-J did after it stopped me out, my SL got hit within a few pips. Price has hit my FTA to the pip ! In hindsight maybe I shouldn't have moved my SL so quickly to BE on my remaining position, as I already had banked some profit, something to think about for the next live-trade.
It happens sir! infact I have come to expect it, that way I just smile when it happens instead of getting mad
But it seems like you're doing really well. Just be careful not to adjust/curve-fit your strategy in order to fit your most recent trade, if you have something that works in the long run, then why mess with it

j
  • #77,943
  • Oct 20, 2010 10:05am Oct 20, 2010 10:05am
Quoting xmzhang
Nice to hear that I have a fan. In most of my trades I try to enter on a pullback of the higher TF-PA and not directly on a break of the higher TF-PA. I like to find a optimal entrypoint in the lower TF's, thereby reducing my SL (risk) and should the break not sustain then I still may sneak away with a small profit like today's live trade on the C-J. Every setup has it's optimal entry point, for me that's as little as possible (initial) drawdown, drawndown makes me nervous.

May the force be with you.
I can easily see now why your posts are catchy to me! You are ahead of me doing what I am trying hard to get good at - optimal entry with little SL as possible when possible and like you draw downs down don't make me feel too good especially cos of my account size which is why I avoid Counter Trades for now. But when I'm with major trends I stand them better. Please do let me cross views with you from time to time and learn from you. If you permit me I'll like to communicate with you via e-mails / pm where necessary. Let me know if I'm welcome. Thanks!
  • #77,944
  • Oct 20, 2010 10:08am Oct 20, 2010 10:08am
Quoting supremeChaos
everybody is different, so u will get different answers.
what u can do is exit part of your positions & let the remaining run.

trade-wise, i think 0.9550-80 area will be key to watch for.. if it will stop price or if it will get breached & let u visit 0.9500 or below.

once u learn more about S/R, PPZ, u would be able to decide for yourself.
u have to learn what u are comfortable with. try out different exit styles.
it's very important.
another awesome trade, by the way
Thanks, I have profit locked already I am tralling it with 30.
I appreciate your kind respond this always give me an edge.

Much Love
If you don't control your emotion it will control you.
  • #77,945
  • Oct 20, 2010 10:43am Oct 20, 2010 10:43am
basf confirmed the breakout (>50 euro) today because of good news.
stock is now in unchartered territory.
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meine augen sind die sterne
  • #77,946
  • Oct 20, 2010 10:44am Oct 20, 2010 10:44am
Quoting emmy01
First I am not a selective reader as you mentioned in your post. I read every post in here..
....
Have u read this? this was my reply to u 4 hours ago
Quoting supremeChaos
basically, yes.
check Pinbar's recent post (first chart) here.
see the PPZ link here.....
the PPZ link leads u to this one below. it contains 2 links. the PPZ link is the 2nd one. how come u missed the first link?
Quoting supremeChaos
....
FTA, etc here.
u plot PPZs manually.
Price Pivot Zones (PPZ)...
yet, 2 hours ago, u posted this again
Quoting emmy01
Thanks Mike
I want you to give me the link to where u state the meaning of the the following
PPZ....
in a few seconds/minutes, u could've gotten the answer to your question if u used the Search tool. instead of asking redundant questions. u could've private messaged anyone here too. there are many ways to find an answer; in this case, u just didnt utilize them.

Quoting emmy01
..
You shld have called my attention to the question rather than what you said above....
i did. 4 hours ago.
sadly, u overlooked it.
i called your attention to something much much more important, self-reliance. u shouldnt really take my post in a bad light.
  • #77,947
  • Oct 20, 2010 10:47am Oct 20, 2010 10:47am
Quoting supremeChaos
Have u read this? this was my reply to u 4 hours ago


the PPZ link leads u to this one below. it contains 2 links. the PPZ link is the 2nd one. how come u missed the first link?


yet, 2 hours ago, u posted this again


in a few seconds/minutes, u could've gotten the answer to your question if u used the Search tool. instead of asking redundant questions. u could've private messaged anyone here too. there are many ways to find an answer; in this case, u just didnt utilize them.


i did. 4 hours ago.
sadly,...
SC it's ok bud, this thread is huge and goes fast. It can be very intimidating at first till one gets used to the terms/finding things/the process.

We all found it when it was much smaller

We are all here to help best we can, Emmy has been very polite

Appreciate your help as always SC

Mike
  • #77,948
  • Oct 20, 2010 10:57am Oct 20, 2010 10:57am
Quoting mbqb11
SC it's ok bud, ...
Mike I'm upset too... because the Yankees lost. Is James flying to New York tonight to witness the end of this disaster?

Thanks.

-- Danny
  • #77,949
  • Oct 20, 2010 10:58am Oct 20, 2010 10:58am
Quoting bluetrader
Mike I'm upset too... because the Yankees lost. Is James flying to New York tonight to witness the end of this disaster?

Thanks.

-- Danny


it ain't over till its over!
  • #77,950
  • Oct 20, 2010 11:01am Oct 20, 2010 11:01am
lanxess made a buob at a swing low today.
the stock has been very strong in the last time.
i wouldn't be surprised if we see the 50 eur soon.
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meine augen sind die sterne
  • #77,951
  • Oct 20, 2010 11:03am Oct 20, 2010 11:03am
Quoting mbqb11
SC it's ok bud, this thread is huge and goes fast. It can be very intimidating at first till one gets used to the terms/finding things/the process.
We all found it when it was much smaller
....
heheh, Mike. it's ok, im cool, Sir.

im not part of the seniors here, bro.
i just joined last year, & this thread during that time is already HUGE.
it was HUGE & i lacked time to read all the post.
but i worked my way around just like most people did.... reading previous posts, using the search tool if i need help with abbreviations, PM'ing people if necessary...

he's been polite, so i replied the same way.
i just wanna spread a 'self-reliance' virus.
apologies, if u have to step in.. again
Thanks again for looking after me/us


Quoting bluetrader
Mike I'm upset too......
Thanks Danny

what's Yankees?
ooops. just kidding. hahah
(what really confused me was the 'Texas rangers meeting' mentioned by james16. i thought they were gonna take over Texas. LOL)
  • #77,952
  • Oct 20, 2010 11:17am Oct 20, 2010 11:17am
you are very much appreciated around here SC
  • #77,953
  • Oct 20, 2010 11:47am Oct 20, 2010 11:47am
Im still pulling for them but last nights loss is the reason I am not going today. Saving myself paying for possible pain/anger.

On that note are you watching the game in the city mike? Lets get a Beer or 20.

Lets go yanks!

Quoting mbqb11


it ain't over till its over!
  • #77,954
  • Oct 20, 2010 11:59am Oct 20, 2010 11:59am
I got an idea!!! Please don't laugh. But look, I know there are some services that provide some free weekly analysis of some charts (opportunities). Some do it through fundamentals others throught technicals...

So I was thinking... what if I join some of those services, they can give me an update once a week about some stock, or commodity or something that trades at a intersting level, or in some kind of pattern! So that would be like heads up, and all I will have to do is wait for the J16 PA at those levels?

So... anyone knows of any good free service like this? Thanks.
  • #77,955
  • Oct 20, 2010 12:04pm Oct 20, 2010 12:04pm
Quoting supremeChaos

he's been polite, so i replied the same way.
i just wanna spread a 'self-reliance' virus.
apologies, if u have to step in.. again
Thanks again for looking after me/us


I agree with you SC this self-reliance virus is very important especially to build confidence in yourself first and than in setups...IMHO
Anything can happen - You never know
  • #77,956
  • Oct 20, 2010 12:05pm Oct 20, 2010 12:05pm
Quoting mbqb11
Hey Emmy

Not neccesarily invalid, but under the circumstances we have to be much more careful what price bars we play. For example your next DBLHC is also very much in traffic, and that means price is likely to bounce very choppy at the first areas of trouble. These are the market enviornments that kill traders. Wait for us to get out of this area or at the very EXTREME parts of the "box"

best
Mike
Thanks Mike the second trade went my way despite the traffic as you said
I will look for that some other time thanks
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Much love
If you don't control your emotion it will control you.
  • #77,957
  • Oct 20, 2010 12:12pm Oct 20, 2010 12:12pm
Quoting dmc
Im still pulling for them but last nights loss is the reason I am not going today. Saving myself paying for possible pain/anger.

On that note are you watching the game in the city mike? Lets get a Beer or 20.

Lets go yanks!
nope I will be on the island till tomm night but we will have to grab a beer some time

I think CC is going to come out blazing, then we take it game by game
  • #77,958
  • Oct 20, 2010 12:14pm Oct 20, 2010 12:14pm
Quoting Adilius07
I got an idea!!! Please don't laugh. But look, I know there are some services that provide some free weekly analysis of some charts (opportunities). Some do it through fundamentals others throught technicals...

So I was thinking... what if I join some of those services, they can give me an update once a week about some stock, or commodity or something that trades at a intersting level, or in some kind of pattern! So that would be like heads up, and all I will have to do is wait for the J16 PA at those levels?

So... anyone knows of any good free...
no one will laugh at you here bud

But trust me when I say, it is best to do your full analysis as this is going to be the only way to trust yourself with your own money in the long run. Once you find a few things that work you will want to stick with those b/c you proved it to yourself. You don't need anyone else but you to make it happen. It just takes time, usually a very long time

Best
Mike
  • #77,959
  • Oct 20, 2010 12:23pm Oct 20, 2010 12:23pm
An interesting one right at the 80.00. Although a bit small for my liking
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  • #77,960
  • Oct 20, 2010 12:25pm Oct 20, 2010 12:25pm
Quoting mbqb11
no one will laugh at you here bud

But trust me when I say, it is best to do your full analysis as this is going to be the only way to trust yourself with your own money in the long run. Once you find a few things that work you will want to stick with those b/c you proved it to yourself. You don't need anyone else but you to make it happen. It just takes time, usually a very long time

Best
Mike
Thanks Mike. I was just thinking how to make my trading more efficient. For now I decided to monitor weekly charts only. Because FX daily closes in 3 am local time... So I thought maybe I can use some kind of service to give ma a heads up on some stock or whatever on daily... there are really to many to monitor daily...

Or I maybe I just need to stay with weekly.. Is like I want to do something, it hard to just sit and wait, lol..

I got your point thank you, as always it makes me think! - which is a good thing...
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