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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

  • #83,881
  • Dec 28, 2010 8:29am Dec 28, 2010 8:29am
Quoting Pinbar
Got it......At last.
Great! Thnx man!

Love ya'll

g.
I believe . . .
  • #83,882
  • Dec 28, 2010 8:36am Dec 28, 2010 8:36am
Quoting Pinbar
Got it......At last.
the Gremlins failed.

Quoting novice198
...
BTW someone pointed my to this Sufi song...
Arif Lohar and Meesha combination is JUST AWESOME. A must watch for Music lovers.
....
nice looking "finger cymbals"
  • #83,883
  • Dec 28, 2010 8:38am Dec 28, 2010 8:38am
what the hell,...... Ghous is spamming.............?


EDIT: Ohhhh ok the UNI project...

sorry.lol
.
  • #83,884
  • Dec 28, 2010 8:39am Dec 28, 2010 8:39am
Quoting supremeChaos
the Gremlins failed.

Yeah, they don't like it when we gang up on them as a persevering conglomerate. Lol


I think I need another glass of Port.
  • #83,885
  • Dec 28, 2010 8:58am Dec 28, 2010 8:58am
one for you break out traders...initial SL 30 pips + spread.(hid behind RN, days open and TL)

sos its christmas just though id celebrate a bit..lol
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PATIENCE... DISCIPLINE
  • #83,886
  • Dec 28, 2010 9:06am Dec 28, 2010 9:06am
eu/us 4h BEOB looks like more trouble than its worth to me right now.

gonna pass on this.
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PATIENCE... DISCIPLINE
  • #83,887
  • Dec 28, 2010 9:13am Dec 28, 2010 9:13am
Quoting nasir.khan
what the hell,...... Ghous is spamming.............?


EDIT: Ohhhh ok the UNI project...

sorry.lol
.
lolol
I believe . . .
  • #83,888
  • Dec 28, 2010 9:23am Dec 28, 2010 9:23am
Quoting g_j_hook@yah
one for you break out traders...initial SL 30 pips + spread.(hid behind RN, days open and TL)

sos its christmas just though id celebrate a bit..lol
Nice christmas present g_j.. what was your trigger ? I don't see any retest on the break ...

Or you just took it on the breakout ?

Thx,
Os.
Trade Smart
  • #83,889
  • Dec 28, 2010 9:36am Dec 28, 2010 9:36am
Location Location Location .... a few tomahawk scalps for the holiday season!

Jaroo Jarroo where are you?
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  • #83,890
  • Dec 28, 2010 9:47am Dec 28, 2010 9:47am
We have on Eur/Cad what I call A+ (If the bar can manage to close below 1.32, most preferably as it is at the moment)

The 'story' is as clear as you can get.

Too bad I am in a mood to to keep my a$$ on the spectator seat. This should be fun to watch.



g.
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I believe . . .
  • #83,891
  • Dec 28, 2010 9:49am Dec 28, 2010 9:49am
Quoting Osman
Nice christmas present g_j.. what was your trigger ? I don't see any retest on the break ...
Or you just took it on the breakout ?
...
i believe he took it as a breakout trade.
on IBFX, if u wanna take a look, lower TFs had PA setups (M30 PB prior the break, IBs on M15)

no retest+PA (maybe in some other brokers, there was)... tells us it's a realtively strong downmove
  • #83,892
  • Dec 28, 2010 10:03am Dec 28, 2010 10:03am
Quoting Osman
Nice christmas present g_j.. what was your trigger ? I don't see any retest on the break ...

Or you just took it on the breakout ?

Thx,
Os.
yeah exactly,took the break after price closed under the TL on 4h TF. its a formation i trade regularly(although i also sometimes wait for a retest) some call it a comb, some a channel or flag, i really just trade the break of the lower TL although its nice to have clean pattern with a clear upper TL also.The preceding trend is what is important here for me, im lookin to take advantage of the momentum of that.
hope this helps

thanx SC.

jon


as a side note if im trading a break of horizontal PPZs i almost always wait for a pullback and some kind of PA before i enter.
PATIENCE... DISCIPLINE
  • #83,893
  • Dec 28, 2010 10:09am Dec 28, 2010 10:09am
Quoting ghous
We have on Eur/Cad what I call A+ (If the bar can manage to close below 1.32, most preferably as it is at the moment)

The 'story' is as clear as you can get.

Too bad I am in a mood to to keep my a$$ on the spectator seat. This should be fun to watch.



g.
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  • #83,894
  • Dec 28, 2010 10:14am Dec 28, 2010 10:14am
Helps a lot.. thx for the explanation Jon.

Os.

Quoting g_j_hook@yah
yeah exactly,took the break after price closed under the TL on 4h TF....
Trade Smart
  • #83,895
  • Dec 28, 2010 10:16am Dec 28, 2010 10:16am
Quoting Atc
For me a fib pulled from the 14th Dec high would be more valid...

But we have:

Rejection off 1.33

Rejection of the 3rd touch of RTL

Breakout from the consolidation box

Price moving strongly below 1.32 (and looking to close below it)

A clear target area of the 1.3 BRN



g.
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I believe . . .
  • #83,896
  • Dec 28, 2010 10:17am Dec 28, 2010 10:17am
I tend to look just one tf lower, if the setup is on the 4hr .. I tend to look on the 1hr.. (think i learned it from Mike)

Saw the pb on the 30mins.

Thx for your answer SC.

Os.
Quoting supremeChaos
i believe he took it as a breakout trade.
on IBFX, if u wanna take a look, lower TFs had PA setups (M30 PB prior the break, IBs on M15)

no retest+PA (maybe in some other brokers, there was)... tells us it's a realtively strong downmove
Trade Smart
  • #83,897
  • Dec 28, 2010 10:19am Dec 28, 2010 10:19am
Although this is a short TF example these are great setups on all TFs. The higher the easier to trade and manage.
very simple once we have our PPZs nailed

jon
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  • #83,898
  • Dec 28, 2010 10:36am Dec 28, 2010 10:36am
Quoting ghous
We have on Eur/Cad what I call A+ (If the bar can manage to close below 1.32, most preferably as it is at the moment)

The 'story' is as clear as you can get.

Too bad I am in a mood to to keep my a$$ on the spectator seat. This should be fun to watch.



g.
I've been watching the daily form on this one, EU, GU, and GC today. Since these pairs tend to move similarly it may be a matter of choosing a favorite setup (or 2). I like the daily BEOB on GU if it can close below 5350.
  • #83,899
  • Dec 28, 2010 10:59am Dec 28, 2010 10:59am
Quoting ghous
For me a fib pulled from the 14th Dec high would be more valid...

But we have:

Rejection off 1.33

Rejection of the 3rd touch of RTL

Breakout from the consolidation box

Price moving strongly below 1.32 (and looking to close below it)

A clear target area of the 1.3 BRN



g.
IMHO....FWIW...I hope I can explain this clearly...Most importantly I use fibs as a side tool to gather confluence or to see what others may be watching for retracements along with RN and BRN and with how they line up with S/R(the most important factor>>>>LOCATION).

In my experience, if the retracement is hit and you find your FTA and others along the way
often there is a higher probability that the 23 target beyond the 0 will be hit.....if this occurs i then redraw from the next high is (in this case the PB and draw to the next low and manage accordingly wait once again to the retrace 50/61.8(is powerful if lined up with S/R, 365/150 etc.)and eventually the 23 target or RN or BRN .....wash and repeat

For the newbies ...I want to stress this is something I sometimes use and sure others like Rac use and in no way suggest true J16 teaches from what i know.

FWIW...something you may want to test...just trying to contribute.

Peace, and Happy Healthy New year to all the people in this fine thread.


Bill
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  • #83,900
  • Dec 28, 2010 11:01am Dec 28, 2010 11:01am
Quoting Atc
IMHO....FWIW...I hope I can explain this clearly...Most importantly I use fibs as a side tool to gather confluence or to see what others may be watching for retracements along with RN and BRN and with how they line up with S/R(the most important factor>>>>LOCATION).

In my experience, if the retracement is hit and you find your FTA and others along the way
often there is a higher probability that the 23 target beyond the...
wots FWIW ?
cheers in advance

jon
PATIENCE... DISCIPLINE
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