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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

  • #83,021
  • Dec 19, 2010 2:41am Dec 19, 2010 2:41am
Quoting ghous
Where's this puppy headed and why?

g.
Nice one, Ghous. I agree with PB on the FTA which is also at the 1.55. Price will probably have some trouble there. But since I'm in a risky mood these days I would look for how price behaves and "hope" for move to my TP1 or TP2.
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Thanks J16, Sam Seiden, Udine and Jacko
  • #83,022
  • Dec 19, 2010 2:41am Dec 19, 2010 2:41am
Quoting HanSolo
Hey PB, here's my take on this (made the chart before I saw your answer). Would definitely trade it. Like Ghous and Jarroo said: Great position at PPZ. 0.9000 would have probably been my TP area since price stalled there.

Maybe I will I have some time later in the day to post a WIPG, too.

Very good HS, I shall look forward to it, if my back holds out.

EDIT: I don't see any mention from Jarroo about it though?

I suspect jarroo does not think too much about where is price going, on a single TF.
You know how Jarroo likes to use the weekly bars PBT&CA or Below etc.
  • #83,023
  • Dec 19, 2010 2:46am Dec 19, 2010 2:46am
Quoting ghous
I don't see a lot of potential there Steve,

Notice how the market's really flat, and notice where the FTA is. Although I won't bet on it, but if price has broken the FTA it's probably going to find trouble on the next marked area (how I see it)

just my thoughts, which could go horribly wrong as well. You never know...

No trade.

g.
It's great to see more advanced traders like you, Ghous, doing WIPG. This helps me a lot.
Thanks J16, Sam Seiden, Udine and Jacko
  • #83,024
  • Edited 3:02am Dec 19, 2010 2:51am | Edited 3:02am
Quoting HanSolo
It's great to see more advanced traders like you, Ghous, doing WIPG. This helps me a lot.

You can say that AGAIN.

It really shows how much they can see in even a single TF and sets a GREAT example for us newbies.

It also shows that J16 is not reading tea leaves.

25 mins till I post the answer.
  • #83,025
  • Dec 19, 2010 3:12am Dec 19, 2010 3:12am
Quoting jarroo
I got it here 0908.

I was still playing off this Weekly BUOB in Blue, mainly its previous bar High level, 83.50-83.00.

On the Daily their was no clear bullish PA at th 83.50 level. One thing that did catch my eye on the Daily were these BEOBs in yellow. Notice that one didn't break and the other did and just made it to its target barely, previous bar low. Told me that we were going up.

I took a few touch trades prior to the yellow Daily BEOBs at the 83.50ish level. . .some for proift some for breakeven from the 4 hour and Hourly. They were...
Thanks Jarroo for yours very useful charts and explanations....as always.Making a review study charts,I noticed a good oportunity(I missed)to enter in,after the weekly buob.
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Nothing personal,just business
  • #83,026
  • Edited 3:44am Dec 19, 2010 3:29am | Edited 3:44am
Quoting ghous
I don't see a lot of potential there Steve,

Notice how the market's really flat, and notice where the FTA is. Although I won't bet on it, but if price has broken the FTA it's probably going to find trouble on the next marked area (how I see it)

just my thoughts, which could go horribly wrong as well. You never know...

No trade.

g.

The Answer.

As expected Ghous was as usual SPOT ON!


Maybe a couple of months ago, I would probably have taken that PB.

Way to go Ghous

EDIT. better pic
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  • #83,027
  • Dec 19, 2010 3:43am Dec 19, 2010 3:43am
Quoting Pinbar
You can say that AGAIN.

It really shows how much they can see in even a single TF and sets a GREAT example for us newbies.
I just thought about some kind of interrogation process that might let us participate in the deeper thinking process of advanced traders. Maybe something like WIPG but with more steps in between. Maybe one of the experienced traders, if willing to do, could explain how he would handle a trade bar after bar. That could be very inspiring in terms of managing and exiting a trade. What do you think, PB?
Thanks J16, Sam Seiden, Udine and Jacko
  • #83,028
  • Dec 19, 2010 3:46am Dec 19, 2010 3:46am
Quoting HanSolo
I just thought about some kind of interrogation process that might let us participate in the deeper thinking process of advanced traders. Maybe something like WIPG but with more steps in between. Maybe one of the experienced traders, if willing to do, could explain how he would handle a trade bar after bar. That could be very inspiring in terms of managing and exiting a trade. What do you think, PB?

Not so sure HS.

As, all we are trying to do is work out the FTA, after that it is just a matter of managing the trade and people will all manage a trade differently.

We have account size also to figure into TM.
  • #83,029
  • Dec 19, 2010 3:59am Dec 19, 2010 3:59am
Quoting Pinbar
Not so sure HS.

As, all we are trying to do is work out the FTA, after that it is just a matter of managing the trade and people will all manage a trade differently.

We have account size also to figure into TM.
You're right, PB. I just have a hard time deciding when to look for longer term traders and when to take profit earlier. Probably I'm not the only one facing that problem. I thought going thorugh a trade step by step with a pro might give some inspiration. But as your last chart and Ghous' interpretation proved me once again, it's not that difficult if you consider the whole story.
Thanks J16, Sam Seiden, Udine and Jacko
  • #83,030
  • Dec 19, 2010 4:15am Dec 19, 2010 4:15am
Quoting HanSolo
It's great to see more advanced traders like you, Ghous, doing WIPG. This helps me a lot.
WIPG was...
I believe . . .
  • #83,031
  • Dec 19, 2010 4:18am Dec 19, 2010 4:18am
http://www.forexfactory.com/news.php?do=news&id=272250
i am sorry to talk something off topic. as we all know , forex market is now the biggest market in the world .but it do not have a long history .it just appeared after the gold standard destroyed(a special history period). so how long can it exist？？？ lol。 sorry to disturb .
A chart helps those who can read it.
  • #83,032
  • Dec 19, 2010 4:20am Dec 19, 2010 4:20am
Quoting geniusztc
http://www.forexfactory.com/news.php?do=news&id=272250
i am sorry to talk something off topic. as we all know , forex market is now the biggest market in the world .but it do not have a long history .it just appeared after the gold standard destroyed(a special history period). so how long can it exist？？？ lol。 sorry to disturb .
Probably as long as companies need to do international business.
  • #83,033
  • Dec 19, 2010 4:23am Dec 19, 2010 4:23am
Quoting HanSolo
You're right, PB. I just have a hard time deciding when to look for longer term traders and when to take profit earlier. Probably I'm not the only one facing that problem. I thought going thorugh a trade step by step with a pro might give some inspiration. But as your last chart and Ghous' interpretation proved me once again, it's not that difficult if you consider the whole story.
Exactly!

It looks tough to begin with but seriously as time goes by, conscious thought processes and written plans slide into the instinctive side of your mind, and from there on it does get a lot easier. There literally comes a time when a setup won't take 30 seconds to get your approval/disapproval and you know by just looking at the bar and PA to the left if its bar that qualifies for you or not.

It just takes time to get to the stage...a natural process.

g.
I believe . . .
  • #83,034
  • Dec 19, 2010 4:35am Dec 19, 2010 4:35am
Quoting HanSolo
You're right, PB. I just have a hard time deciding when to look for longer term traders and when to take profit earlier. Probably I'm not the only one facing that problem. I thought going thorugh a trade step by step with a pro might give some inspiration. But as your last chart and Ghous' interpretation proved me once again, it's not that difficult if you consider the whole story.
Here's one for Hans, (daily)
g.
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I believe . . .
  • #83,035
  • Dec 19, 2010 4:43am Dec 19, 2010 4:43am
Here's another one (go for it everyone. It would be a treat to see a silent lurker jump on this one )

(daily)

g,
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I believe . . .
  • #83,036
  • Dec 19, 2010 4:55am Dec 19, 2010 4:55am
Quoting ghous
Here's one for Hans, (daily)
g.
I'll give a try,if you allow me.
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Nothing personal,just business
  • #83,037
  • Dec 19, 2010 4:57am Dec 19, 2010 4:57am
Quoting fxgroup
I'll give a try,if you allow me.
Anyone else want to add/subtract anything?

g.
I believe . . .
  • #83,038
  • Dec 19, 2010 4:58am Dec 19, 2010 4:58am
Hi Ghous, found it - I hope - did not make it past first FTA

Paj
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  • #83,039
  • Dec 19, 2010 5:04am Dec 19, 2010 5:04am
Quoting Paj
Hi Ghous, found it - I hope - did not make it past first FTA

Paj

Finding it is not what this is about.
  • #83,040
  • Dec 19, 2010 5:05am Dec 19, 2010 5:05am
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.

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.
Welcome back PB,

Thanks for taking the time to post those interesting charts that make us sit, analyse and understand the material more.
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