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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

  • #82,981
  • Dec 18, 2010 10:53pm Dec 18, 2010 10:53pm
Quoting kayhan7070
Quoting mbqb11
THis is the most fun friday we have seen in awhile. You pick your poison

wish i held onto that euraud more though LOL
I think we found a Hourly example of a PB that's A+ .. . wow.
Indicators show the past. Price Action "Indicates" the future.
  • #82,982
  • Dec 18, 2010 11:00pm Dec 18, 2010 11:00pm
Quoting james16
for you new people all i have done here is

1. do my best to find a set up that would give me a decent profit initially with some good momentum.
2. Use my understanding of support and resistance to try and stay in the trade for a larger move.
3. not allow a winner to turn into a loser ESPECIALLY AFTER WATCHING PRICE HIT AN INITIAL AREA OF S/R.

thats it.

sometimes your right and sometimes your not but you use your chart time and demo to get good at these simple points

ITS REALLY NOT THAT HARD ON A DAILY CHART WHEN YOU GET GOOD AT IT.
Its what I try to follow.
Indicators show the past. Price Action "Indicates" the future.
  • #82,983
  • Dec 18, 2010 11:20pm Dec 18, 2010 11:20pm
Quoting Bemac
Mike, I know I am late to the party and haven't finished reading the New Posts but wanted to attend to Your post before I forget. {I'm Old}...
As I have stated on the ICCE side, the Grid is one of set of Fractals. Right now it is riding a subsidery (0.5) Fractal and may recover but...
if that base TL from the 13th fails, we're looking at 0.8440 & poss south to 0.8350.
Attachment

The one thing that comforts me about this is that I know You Know how to handle a squishy pair.



I did read ahead a little & have to say this...

BMc, I hope you are doing well.


J26? - I don't know about that . .lol.
Student ? . . . always.

Helping others? Bemac is part of that equation. "This jarroo fellow looks a little lost, maybe I can help . ." BMc.
I've been there before.


B. you will always be . . . Mentor/ friend. . .to me.


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #82,984
  • Edited Dec 19, 2010 12:05am Dec 18, 2010 11:28pm | Edited Dec 19, 2010 12:05am
Ok folks, my back has recovered enough to sit up for a couple of hours.

Here is one of our usual weekend, Where is price going with an added question of if you would take it or not and for what reasons.

I hope someone else will post one so I can have a go at it.

EDIT: Even Jarroo is welcome to try.

The answer will be posted tomorrow as usual.

EDIT: WARNING. This is a reconstruction from my notes on a J16 video.

Posted the answer as Ghous hit it right in the head. as expected of course.
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  • #82,985
  • Dec 18, 2010 11:32pm Dec 18, 2010 11:32pm
Quoting Pinbar
Ok folks, my back has recovered enough to sit up for a couple of hours.

Here is one of our usual weekend, Where is price going with an added question of if you would take it or not and for what reasons.

I hope someone else will post one so I can have a go at it.

EDIT: Even Jarroo is welcome to try.

Here's one Pb. This one is in real time.
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Indicators show the past. Price Action "Indicates" the future.
  • #82,986
  • Dec 18, 2010 11:43pm Dec 18, 2010 11:43pm
Quoting jarroo
Here's one Pb. This one is in real time.

Looks like a NO NO trade to me.

Enormous bar but, we have 2 TLs and the 50 fibo lining up.
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  • #82,987
  • Dec 18, 2010 11:46pm Dec 18, 2010 11:46pm
Quoting Pinbar
Ok folks, my back has recovered enough to sit up for a couple of hours.

Here is one of our usual weekend, Where is price going with an added question of if you would take it or not and for what reasons.

I hope someone else will post one so I can have a go at it.

EDIT: Even Jarroo is welcome to try.

The answer will be posted tomorrow as usual.
9000 for a $50k bet

g.
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I believe . . .
  • #82,988
  • Dec 18, 2010 11:46pm Dec 18, 2010 11:46pm
Quoting Pinbar
Looks like a NO NO trade to me.

Enormous bar but, we have 2 TLs and the 50 fibo lining up.

Yes it sure does look like a line up at the 50%. Maybe some Bullish PA there would look good.
Indicators show the past. Price Action "Indicates" the future.
  • #82,989
  • Dec 18, 2010 11:47pm Dec 18, 2010 11:47pm
Quoting ghous
9000 for a $50k bet

g.

Glad you had a go Ghous. We can all learn from it.


But, you didn't say if would have taken it or not and for what reason.
  • #82,990
  • Dec 18, 2010 11:48pm Dec 18, 2010 11:48pm
Quoting jarroo
Yes it sure does look like a line up at the 50%. Maybe some Bullish PA there would look good.

Oh, there is no answer? LoL

Can't be till next week I suppose.
  • #82,991
  • Dec 18, 2010 11:49pm Dec 18, 2010 11:49pm
Quoting aarangio
Cool.. you have to have bottomless pockets for that stuff but don't you?, is it really possible to trade in this way....
hahah..
not saying the method used in that link is good or not. just pointing out the discussion about the potential direction of usdjpy

maybe it's a natural progression, we want less stress as we grow older

Quoting benji533
Hey all
Here are my trades for the last week:
...
Thanks for updating us of your progress
  • #82,992
  • Dec 18, 2010 11:56pm Dec 18, 2010 11:56pm
Quoting Pinbar
Glad you had a go Ghous. We can all learn from it.


But, you didn't say if would have taken it or not and for what reason.
A yes yes trade for sure.

g.
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I believe . . .
  • #82,993
  • Dec 19, 2010 12:04am Dec 19, 2010 12:04am
Quoting ghous
A yes yes trade for sure.

g.

Indeed Ghous.

Great stuff, so I decided to post the answer.

The 150 EMA was the icing in the cake.


Ghous, can you post one? Pleassssssssssssssssssssssssssssssse!
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  • #82,994
  • Dec 19, 2010 12:07am Dec 19, 2010 12:07am
Quoting Pinbar
Indeed Ghous.

Great stuff, so I decided to post the answer.

Ghous, can you post one? Pleassssssssssssssssssssssssssssssse!

So we had an MA line up as well. That was one good setup.

hang on.

g.
I believe . . .
  • #82,995
  • Dec 19, 2010 12:07am Dec 19, 2010 12:07am
Quote
maybe it's a natural progression, we want less stress as we grow older
oiiiiiii!!!...who you talking about here??

Geeeeeeze!!, Supreme I just seen all your buddy/vouch list...how did you add all of FF members into that list in one go????
  • #82,996
  • Dec 19, 2010 12:08am Dec 19, 2010 12:08am
Quoting Pinbar
Ok folks, my back has recovered enough to sit up for a couple of hours.
Here is one of our usual weekend, Where is price going with an added question of if you would take it or not and for what reasons...
must be an old chart, right.

price went through RNs 0.86, 0.87, 0.88 & looked like the BUOB closed above .88 (which lines up with bar lows too).
must be bullish, so, i will take it.
possible move to 0.90/0.91. if that area holds, then 0.94 possibly.

good to know your back is back
  • #82,997
  • Dec 19, 2010 12:09am Dec 19, 2010 12:09am
Quoting forex0908
Hi Jarroo,

If you can elaborate on Mike's 2 Bar trailing stop ?

I am loving your BEOB Set-ups. Specially on the Weekly TF. They seem to occur quite frequently. And they also give you a clear idea of WHERE exactly to look for the PA that you want.

Thanks
0908

Its an exit statgety that Mike devised . .its in the PF, so I hope I'm not talking out of school.

Its basically using the highest High of your previous 2 Highs of your Bearish PA setup (previous 2 lowest Low for Bullish PA) once your high quality setup breaks. Then you trail it down that way. Did I mention that it has to be a high quality setup.

You can use just the previous (1 day) day's High but the highest High of the previous 2 days will give you more leeway.

1 Day High . .magenta line

2 Day High . .brown thicker line.

There are other qualifying options, but that's the basics.
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Indicators show the past. Price Action "Indicates" the future.
  • #82,998
  • Dec 19, 2010 12:11am Dec 19, 2010 12:11am
Where's this puppy headed and why?

g.
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I believe . . .
  • #82,999
  • Dec 19, 2010 12:12am Dec 19, 2010 12:12am
Quoting supremeChaos
must be an old chart, right.

price went through RNs 0.86, 0.87, 0.88 & looked like the BUOB closed above .88 (which lines up with bar lows too).
must be bullish, so, i will take it.
possible move to 0.90/0.91. if that area holds, then 0.94 possibly.

good to know your back is back
Hi SC.

It was EG 2009 Feb 11, I posted the answer on the previous page as Ghous blew it apart.

I should know better than to let you guys loose on this. LoL

Even so, we can learn from your answers.
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  • #83,000
  • Dec 19, 2010 12:13am Dec 19, 2010 12:13am
Quoting aarangio
oiiiiiii!!!...who you talking about here??

Geeeeeeze!!, Supreme I just seen all your buddy/vouch list...how did you add all of FF members into that list in one go????
He didn't do it in one day. he does it nice and slow...only 20 people a day.

g.
I believe . . .
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