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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

  • #85,701
  • Jan 14, 2011 2:59am Jan 14, 2011 2:59am
Quoting Kalbar
Jarroo

I must be doing something right as I have placed an order just below the FTA you mentioned!!! Now we will see if it is triggered - just want to ask why you would have liked the BEob to be higher?

Thanks,

kal
You must have read James16's "This is Critical" :

Quoting james16
YES!!!

THIS IS CRITICAL.

WE MUST LEARN TO:

1. notice a strong s/r area just beyond our pa if it exists.
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared.

if we know its there, we have several choices.

1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken.


jim

The BEOB to be higher or highest? . . .Its just a structual completeness or validity thing that I learned from Mike.
Indicators show the past. Price Action "Indicates" the future.
  • #85,702
  • Jan 14, 2011 3:09am Jan 14, 2011 3:09am
Quoting the_wizard
Gold is one of the main markets on my radar tomorrow.

I've got a limit sell at 1377.5.
Quick trade update. Just woke up to find myself filled in the Gold (see chart)

The trade has moved around 60 ticks into profit.

Looking for 1365 as a target.

No fill in those Bunds yet.
Attached Image (click to enlarge)
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  • #85,703
  • Jan 14, 2011 3:12am Jan 14, 2011 3:12am
Quoting mbqb11
You and me both brotha Like you never "left"

I have it as a breakout and pullback


Hope all is well with you and yours bud

Mike
Thanks Mike :-)

You too, my man!!
  • #85,704
  • Jan 14, 2011 3:19am Jan 14, 2011 3:19am
We've been here before on the Euro.
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Indicators show the past. Price Action "Indicates" the future.
  • #85,705
  • Jan 14, 2011 3:27am Jan 14, 2011 3:27am
Quoting the_wizard
Quick trade update. Just woke up to find myself filled in the Gold (see chart)

The trade has moved around 60 ticks into profit.

Looking for 1365 as a target.

No fill in those Bunds yet.

hey buddy nice to see your post again

love it

much more clear chart I see now

all the best!!
  • #85,706
  • Jan 14, 2011 3:30am Jan 14, 2011 3:30am
Quoting Pinbar
This looks interesting

Great chart Pb ..
Indicators show the past. Price Action "Indicates" the future.
  • #85,707
  • Jan 14, 2011 3:30am Jan 14, 2011 3:30am
Quoting jarroo
Wow . .thanks SR2 . .good stuff

Just thing if you were picky . .what am I saying . .if you weren't picky . .wow.
Thanks jarroo...exactly my sentiments
  • #85,708
  • Jan 14, 2011 3:31am Jan 14, 2011 3:31am
Quoting sr2
Thanks jarroo...exactly my sentiments

I spelled "think" wrong . . .Oh man.


sr2
Indicators show the past. Price Action "Indicates" the future.
  • #85,709
  • Jan 14, 2011 3:33am Jan 14, 2011 3:33am
Quoting jarroo
Great chart Pb ..

Thanks Jarroo, funny that is how my eye is seeing these charts recently.
I mean, they are just there and I don't have to search them out.

Maybe, I getting in the groove a bit more.

I had a good teacher........YOU
  • #85,710
  • Jan 14, 2011 3:38am Jan 14, 2011 3:38am
Quoting Pinbar
Thanks Jarroo, funny that is how my eye is seeing these charts recently.
I mean, they are just there and I don't have to search them out.

Maybe, I getting in the groove a bit more.

I had a good teacher........YOU
Thanks Pb.

Just keep looking for them . .watching them . . seeing them before they happen . .it gets easier. James16 swears by them . .it will become clearer and make sense.
Indicators show the past. Price Action "Indicates" the future.
  • #85,711
  • Jan 14, 2011 3:41am Jan 14, 2011 3:41am
Here is a nice Pin for you on 90 minutes. Potentially to be ridden all the way back to 1.32 previous support area))

I like its chances very much . Do you ? I just took this trade on demo .

cheers

Vito
  • #85,712
  • Jan 14, 2011 3:43am Jan 14, 2011 3:43am
Heres is the chart comments welcome! Target is some 200 pips . Maybe little ambitious but realistic at the same time ?

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  • #85,713
  • Jan 14, 2011 3:44am Jan 14, 2011 3:44am
Quoting jarroo
Thanks Pb.

Just keep looking for them . .watching them . . seeing them before they happen . .it gets easier. James16 swears by them . .it will become clearer and make sense.

Yes, you know for nearly 2 months now, I have not made a trade, I am just finding the setup and mentally trading them.

I think it may store more information in the battered hard disk in my head.
Just building up screen time alone seems to be a good thing.
  • #85,714
  • Jan 14, 2011 3:49am Jan 14, 2011 3:49am
Quoting Pinbar
Yes, you know for nearly 2 months now, I have not made a trade, I am just finding the setup and mentally trading them.

I think it may store more information in the battered hard disk in my head.
Just building up screen time alone seems to be a good thing.
Absolutely.

Take some demo trade on them as well . . . that really sticks in the head . .
Indicators show the past. Price Action "Indicates" the future.
  • #85,715
  • Jan 14, 2011 3:54am Jan 14, 2011 3:54am
Quoting jarroo
I also like to put a line at the highest close of this break out area (green line) to see if it holds. Its a level where Price could not close above. . . we shall see.


Notice the 1st time back on the lower times frames, 4 hour and Hourly. 63.50 and 63.30.

Interesting, don't you think spook . .

IPB on the the Hourly was a good confirmation . .a touch trade with confirmation . .right ghous . .
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #85,716
  • Edited 4:06am Jan 14, 2011 3:55am | Edited 4:06am
Quoting menomoo
Heres is the chart comments welcome! Target is some 200 pips . Maybe little ambitious but realistic at the same time ?


Hmmm, might be an idea to watch this area carefully.

EDIT: Actually maybe even a bit lower looking at H4.
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  • #85,717
  • Jan 14, 2011 4:21am Jan 14, 2011 4:21am
Quoting jarroo
Interesting, don't you think spook . .

IPB on the the Hourly was a good confirmation . .a touch trade with confirmation . .right ghous . .

It was good for a bounce and some pips if you took your targets (why wouldn't you take your targets) or a break even trade at the very least. Remember break even trades go in the win column. I'll still watch this to see if the closes stay above this level on the Hourly, 4 Hour and Daily.
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #85,718
  • Jan 14, 2011 4:27am Jan 14, 2011 4:27am
Very clean charts shows it all ! Yess in deed it might be even much lower like 1.25 area to take a break !

Any ways we ll see how it PAs around.

Vito
  • #85,719
  • Jan 14, 2011 4:29am Jan 14, 2011 4:29am
charts
PPZ(go for short?)
1st AUDNZD/weekly(FXDD)
2nd AUDNZD/daily

TL(wait for long?)
3rd AUDNZD/weekly

I think it interesting, how its impression are different by just changing to draw lines differently

Thanks for reading

Ken

(Btw I`m in short with daily IB 1.13)
Attached Image(s) (click to enlarge)
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  • #85,720
  • Jan 14, 2011 4:36am Jan 14, 2011 4:36am
Quoting Donkey
Hi Adi....
Thanks D, all I want is to improve my trading. So that's why I ask so much how other handle different situations. Thanks!
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