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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

  • #86,701
  • Jan 22, 2011 10:22am Jan 22, 2011 10:22am
Quoting nwo-trader
Good call on Radiohead GH, they are probably my favorite band too. I saw
their concert in Montreal in august 2008, with like 40000 people it was pretty intense. Of course I was way to intoxicated and was given the boot, but I think part of it was I look extremely young for my age. I get carded and double carded all the time, even last night.

They are indeed very fine band. I was at thieir live gig in poland 2 years ago but it turned out i bought fake tickets for second sector so i had to talk my way thru the security. It's good You look to young for your age and funny thing is i also cant buy bear without ID here in sweden and i am 28 and have a beard ;]
  • #86,702
  • Jan 22, 2011 10:34am Jan 22, 2011 10:34am
Quoting Greenhaze
funny thing is i also cant buy bear without ID here in sweden and i am 28 and have a beard ;]
damn how old to buy BEAR?

sorry couldnt resist
  • #86,703
  • Jan 22, 2011 10:39am Jan 22, 2011 10:39am
Quoting mbqb11
damn how old to buy BEAR?

sorry couldnt resist
LOL , no wonder they wanted ID ;]
  • #86,704
  • Jan 22, 2011 10:41am Jan 22, 2011 10:41am
Quoting Greenhaze
LOL , no wonder they wanted ID ;]
HAHAHAHA
  • #86,705
  • Jan 22, 2011 10:56am Jan 22, 2011 10:56am
Quoting Greenhaze
They are indeed very fine band. I was at thieir live gig in poland 2 years ago but it turned out i bought fake tickets for second sector so i had to talk my way thru the security. It's good You look to young for your age and funny thing is i also cant buy bear without ID here in sweden and i am 28 and have a beard ;]
the beer bear thing is the best
Hero calls followed by margin calls...
  • #86,706
  • Jan 22, 2011 10:58am Jan 22, 2011 10:58am
Quoting decentchap
Pls see the monthly chart as per my understanding.. Also notice the divergence..
Still a few days left in the month. It would be interesting to get a bullish finish on your bearish divergence. Especially with price seemingly wedged like that.

This should be a lovely pair to watch!
  • #86,707
  • Jan 22, 2011 11:18am Jan 22, 2011 11:18am
cpwr with a big weekly beob. last daily close was at daylow.
wair for a break of the 11.50 usd with stop loss at ~12.40 usd.
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meine augen sind die sterne
  • #86,708
  • Edited 11:51am Jan 22, 2011 11:25am | Edited 11:51am
Quoting aserbfx
cpwr with a big weekly beob. last daily close was at daylow.
wair for a break of the 11.50 usd with stop loss at ~12.40 usd.
To me looks so as this thing is going to collapse the following weeks!
Very nice setup, I think.

EDIT: This is also a 2-week BEOB. So I think it makes it even stronger..

I don't play stocks for now, but I think this would look realistic for this setup..
With tight TM of course...
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  • #86,709
  • Jan 22, 2011 1:44pm Jan 22, 2011 1:44pm
lsi with a weekly beob. stock is in a downtrend on the weekly. wait for a drop below the 5.70 usd to short.
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meine augen sind die sterne
  • #86,710
  • Jan 22, 2011 1:56pm Jan 22, 2011 1:56pm
Quoting g_j_hook@yah
its funny to see the eu/yen 4h BUOB work out much stronger!? i thought that one looked much weaker!(on fxpro)( it looked better on alpari though) i think it got momentum from that obvious breakout at 111.00??
what do you think Jarroo?

jon

Yeah jon, I think there was some momentum behind those BUOBs (no surprise with PA, right) but more so with the current trend on the 4 hour .


. . .but being at a swing high and running into such a strong higher TF Resistance level , 111.00 RN, etc. . . . It would be a tough trade to take without the understanding that quick reversal could take place.

Again the James16 . . "This is Critical" . . would apply perfectly here . .no way a full bar loss.

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #86,711
  • Jan 22, 2011 2:07pm Jan 22, 2011 2:07pm
Quoting Greenhaze
i also cant buy bear without ID here in sweden and i am 28 and have a beard ;]
This is a sign of a true trader!

How bout buyin a bull? Sorry it's the weekend someone get this guy a beer.
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  • #86,712
  • Jan 22, 2011 2:21pm Jan 22, 2011 2:21pm
Quoting aserbfx
texas instruments arrived at the 61.8% / round number 35 usd.
forming a weekly pinbar. the close is a little weak. stop loss above 35 usd and fta at about 31.50 usd result in a good r:r.

Marcus....you are aware earnings reported on 1/27
  • #86,713
  • Jan 22, 2011 2:34pm Jan 22, 2011 2:34pm
Quoting Atc
Marcus....you are aware earnings reported on 1/27
no, but thanks for the info.
meine augen sind die sterne
  • #86,714
  • Jan 22, 2011 2:47pm Jan 22, 2011 2:47pm
Quoting jarroo
Yeah jon, I think there was some momentum behind those BUOBs (no surprise with PA, right) but more so with the current trend on the 4 hour .


. . .but being at a swing high and running into such a strong higher TF Resistance level , 111.00 RN, etc. . . . It would be a tough trade to take without the understanding that quick reversal could take place.

Again the James16 . . "This is Critical" . . would apply perfectly here . .no way a full bar loss.

Jim
Jim

1. What does "This is Critical" mean?

2. Also, where would you have placed the stop when you mention that one would not take a full bar loss on these BUOBs.

0908
  • #86,715
  • Jan 22, 2011 3:19pm Jan 22, 2011 3:19pm
Quoting AvanishDemo
Thanks Jarroo...

And hey this BEOB at Swing High looks good which also looks like a DBHLC...got rejected at 1.54...
looks Strong...

any1 gng for dis?
Quoting mbqb11
Hey Avanish

Notice that isn't really a swing high but a very very sideways market. This means the market is consolidating down and can be very choppy. If that high of the bar was the highest point in that whole range it would tell us a much better story

Markets spend more time consolidating and choppin around so we have to be careful for those times if we want to trade in them

Best
Mike


Hey AvanishD,
Looking on the Higher TFs is good way to find these consolidation areas which leads to finding good PPZ levels as you noted at the 1.5400.

Hey Mike . I think this pair thought the 1.5400 was the BRN instead of the 1.5500 .. . . .crazy crosses. lol
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Indicators show the past. Price Action "Indicates" the future.
  • #86,716
  • Edited 4:14pm Jan 22, 2011 3:32pm | Edited 4:14pm
Quoting forex0908
Jim

1. What does "This is Critical" mean?

2. Also, where would you have placed the stop when you mention that one would not take a full bar loss on these BUOBs.

0908

James16's "This is Critical" is a trade management approach that fits my style of trading on certain setups but can be applied to all setups.

You tell me where you would put your stop loss on those BUOBs to avoid a full bar loss after reading 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
Indicators show the past. Price Action "Indicates" the future.
  • #86,717
  • Jan 22, 2011 7:27pm Jan 22, 2011 7:27pm
Quoting nwo-trader
Thats pretty incredible that you met David and kept in touch via email - what's he like?
The whole stop making sense video is really funny and cool, especially the sexy women dancers haha, he's a pretty awkward character on stage, but he comes off pretty smart, he was on either the Daily Show and or the Colbert Report within the last year or two. He pulls out the huge suit in that concernt lol :-)

He was and I am sure still is, a very intelligent person.
Checkout his photography, quite interesting.

I only remember the first hour or so as I was totally blitzed and we were going to the battle of the bands thing in Vancouver. Where I was gripped by 3 massive bouncers after my GF freaked out and ran screaming like a banshee across the floor, claiming, someone had spiked her drink with something psychedelic.
  • #86,718
  • Jan 22, 2011 7:36pm Jan 22, 2011 7:36pm
Quoting nwo-trader
Here's a chart from James that I reviewed last night which reminded me of your post here.
Yes, I see what you mean about that post.
I think this is basically the same as what Jarroo has so kindly been teaching us extensively. Although J16 seems to work on the daily tf a lot more and Jarroo the weekly.
But, I feel the principle is exactly the same. Also, I feel J16 mainly sticks to the daily tf in those charts and videos, to prevent confusing new people with switching back and fourth between TFs.
  • #86,719
  • Jan 23, 2011 12:20am Jan 23, 2011 12:20am
Quoting jarroo
James16's "This is Critical" is a trade management approach that fits my style of trading on certain setups but can be applied to all setups.

You tell me where you would put your stop loss on those BUOBs to avoid a full bar loss after reading James16's "This is Critical".

I have been applying "This is Critical" in a very strong way lately, and feel so much better about how I initially set up my stops.

It's like a huge breath of fresh air.

Always pay attention to the zones, and MOMENTUM.
Many choose unhappiness over uncertainty.
  • #86,720
  • Jan 23, 2011 1:15am Jan 23, 2011 1:15am
Quoting Adilius07
To me looks so as this thing is going to collapse the following weeks!
Very nice setup, I think.

EDIT: This is also a 2-week BEOB. So I think it makes it even stronger..

I don't play stocks for now, but I think this would look realistic for this setup..
With tight TM of course...
yes. trading against the current rising trend in the stock market is risky. so i will risk no more then about 0.03% of my account on this trade.
meine augen sind die sterne
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