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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

  • #83,221
  • Dec 21, 2010 1:22am Dec 21, 2010 1:22am
Quoting aserbfx
a great area to look for short pa-setups...
I hope i'll get some decent H8 PB in next 40 mins ;]. The location is lovely.
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  • #83,222
  • Dec 21, 2010 1:33am Dec 21, 2010 1:33am
Quoting jarroo
You can see how a Weekly or Daily bar close below the 1.5500 would be nice.

What would be the 1st target of the Monthly BEOB ?
Switched over to my laptop so I don't have the previous chart but, possible the 1.53500 area looks attainable.
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  • #83,223
  • Dec 21, 2010 1:36am Dec 21, 2010 1:36am
Quoting Pinbar
Switched over to my laptop so I don't have the previous chart but, possible the 1.53500 area looks attainable.

Bingo . .



Quoting jarroo
Next strong Support line?. . .I like the 1.5350.

Looking at the Monthly Gbp/Usd we have a BEOB. If it breaks, the target would be the previous bar lows, 1.5350. 1.5350 is a strong Monthly PPZ level.


Anyone notice what the previous bar Low is on this Monthly BEOB? . . .1.5650 . .you know I'm not surprised . .
Indicators show the past. Price Action "Indicates" the future.
  • #83,224
  • Dec 21, 2010 1:39am Dec 21, 2010 1:39am
Quoting jarroo
Bingo . .
Yes, it is starting to look apparent even on the daily TF.

EDIT: As you say Jarroo, it is ALL on the chart, we just have to learn how to read the language.
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  • #83,225
  • Dec 21, 2010 1:41am Dec 21, 2010 1:41am
Quoting Pinbar
Yes, it is starting to look apparent even on the daily TF.
I like to get some bar closes below that 1.55. That would start turning that 1.5500 into Resistance . .don't you think?
Indicators show the past. Price Action "Indicates" the future.
  • #83,226
  • Dec 21, 2010 1:46am Dec 21, 2010 1:46am
Quoting fxgroup
This is mine.

You nailed that level off the weekly, fxgroup . .
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Indicators show the past. Price Action "Indicates" the future.
  • #83,227
  • Dec 21, 2010 1:47am Dec 21, 2010 1:47am
Quoting jarroo
I like to get some bar closes below that 1.55. That would start turning that 1.5500 into Resistance . .don't you think?

I see what you mean.
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  • #83,228
  • Dec 21, 2010 1:54am Dec 21, 2010 1:54am
Quoting Adilius07
Well, risking 5% and making 150% profit in 4 weeks and EXACTLY as planned as you say is something amazing really.

Me too, I am making whooping +87% profit so far for several months demo trading. And is almost exactly as I planned. Really it all comes back to being patient and disciplined in ability to execute written rules and never deviate from them. But I am being more conservative I am only risking 2% per trade and trade only daily/weekly setup...

Right, if it is true there is no way it can be done with using correct RM.

I don't see any tickets being posted either.

I doubt that even Mike could make 150% in 4 weeks without blowing the account. Well, maybe Mike could.

I just reread your post Adi...
That is Fantastic news man! Way to go.
  • #83,229
  • Dec 21, 2010 1:54am Dec 21, 2010 1:54am
Quoting jarroo
I like to get some bar closes below that 1.55..
price currently below 1.55
weekly & Monthly on IBFX have BEOB
  • #83,230
  • Dec 21, 2010 1:57am Dec 21, 2010 1:57am
Quoting supremeChaos
price currently below 1.55
weekly & Monthly on IBFX have BEOB

That could be a hint, sChaos.

But I would like some Daily/Weekly closes below just to make sure . .
Indicators show the past. Price Action "Indicates" the future.
  • #83,231
  • Dec 21, 2010 2:03am Dec 21, 2010 2:03am
Quoting jarroo
...
But I would like some Daily/Weekly closes below just to make sure . .
increasing the odds in your favor
Good stuff!
  • #83,232
  • Dec 21, 2010 2:13am Dec 21, 2010 2:13am
Quoting supremeChaos
price currently below 1.55
weekly & Monthly on IBFX have BEOB
A monthly BEOB showing a weekly BEOB at retrace level showing a daily BEOB at retrace level showing a 8h BEOB at retrace level. Self-similarity at its best!
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Thanks J16, Sam Seiden, Udine and Jacko
  • #83,233
  • Dec 21, 2010 2:22am Dec 21, 2010 2:22am
Quoting HanSolo
A monthly BEOB showing a weekly BEOB at retrace level showing a daily BEOB at retrace level showing a 8h BEOB at retrace level. Self-similarity at its best!

PA Rules . .
Indicators show the past. Price Action "Indicates" the future.
  • #83,234
  • Dec 21, 2010 2:23am Dec 21, 2010 2:23am
Quoting james16
i just took some partial profit at 32 and several other areas. the pullback to the 150 ema/3350 did not reach my stop at BE.

i did a video explainimng itr (pretty simple) but text posts are hard to cxonvey thoughts.
One word after watching the video: BRILLIANT!

Quoting jarroo
PA Rules . .http://cdn.forexfactory.com/images/s.../yim/happy.gif http://cdn.forexfactory.com/images/s...m/thumbsup.gif
Big time! Still can't believe that I would one day look at a chart like this.
Thanks J16, Sam Seiden, Udine and Jacko
  • #83,235
  • Dec 21, 2010 2:33am Dec 21, 2010 2:33am
Quoting HanSolo
One word after watching the video: BRILLIANT!



Big time! Still can't believe that I would one day look at a chart like this.
Where is the video HS?
  • #83,236
  • Dec 21, 2010 2:38am Dec 21, 2010 2:38am
Quoting Pinbar
Where is the video HS?
In the J16 section at the PF Steve.

g.
I believe . . .
  • #83,237
  • Dec 21, 2010 2:41am Dec 21, 2010 2:41am
Quoting ghous
In the J16 section at the PF Steve.

g.

Right, thanks ghous.
  • #83,238
  • Dec 21, 2010 2:41am Dec 21, 2010 2:41am
Quoting HanSolo
A monthly BEOB showing a weekly BEOB at retrace level showing a daily BEOB at retrace level showing a 8h BEOB at retrace level. ..
  • #83,239
  • Dec 21, 2010 2:42am Dec 21, 2010 2:42am
Quoting Pinbar
Right, if it is true there is no way it can be done with using correct RM.

I don't see any tickets being posted either.

I doubt that even Mike could make 150% in 4 weeks without blowing the account. Well, maybe Mike could.

I just reread your post Adi...
That is Fantastic news man! Way to go.
Thanks Pinbar, just please don't check my signature "My trading Performance", let me dream a little...
  • #83,240
  • Dec 21, 2010 2:46am Dec 21, 2010 2:46am
Quoting Adilius07
Thanks Pinbar, just please don't check my signature "My trading Performance", let me dream a little...


I'd better get my finger out here, or I shall still be on demo this time next year!
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