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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

  • #87,821
  • Feb 3, 2011 7:41am Feb 3, 2011 7:41am
Quoting supremeChaos
sure, no problem.
i dont have experience with futures too.

futures contracts expire monthly (i believe a few days before month-end). so u have to open new charts (for next month's contract).
so if the futures chart stops updating, it's time to open another chart.

here's a little reference/cheat sheet
http://www.forexfactory.com/showpost...ostcount=46302

so, in our previous posts,
NGG1 = old chart (Natural Gas February* 2011 contract)
NGH1 = new/current chart(Natural Gas March*...

Thank you sir.

SR2
  • #87,822
  • Feb 3, 2011 7:50am Feb 3, 2011 7:50am
Quoting 5.25
Hey Danny, I just came across it! All I need to do is find me a Windows CD Good to get some feedback. Big thanks!

http://forexproject.com/forex_media/...geViewsIndex=1

Tomek
I use VMWare but am thinking of switching to Parallels. VMWare works well and I can run other Windows apps if I want to.

SR2
  • #87,823
  • Feb 3, 2011 7:59am Feb 3, 2011 7:59am
The Eur has seriously collapsed in the last hour or so. For those who were stopped out of EUR/AUD I really feel for you. Patience is virtue in this game.

There is still some potential for both EUR/CAD & EUR/CHF. I'll be watching them closely and waiting for that close.

Harry
  • #87,824
  • Feb 3, 2011 8:02am Feb 3, 2011 8:02am
did anyone see this PB as a possible setup clearly at swing high close to PPZ area though...I am trying to identify patterns here
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  • #87,825
  • Feb 3, 2011 8:07am Feb 3, 2011 8:07am
Strong momentum, so keeping full position for now. Enjoying the ride immensely
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  • #87,826
  • Feb 3, 2011 8:08am Feb 3, 2011 8:08am
Quoting vasmiza
There is still some potential for both EUR/CAD & EUR/CHF. I'll be watching them closely and waiting for that close.

Harry
it is clearly out of that consolidation area (am I using right term?) should we be watching how it reacts and closes to that PPZ?
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  • #87,827
  • Feb 3, 2011 8:10am Feb 3, 2011 8:10am
Quoting Ifmyante
Strong momentum, so keeping full position for now. Enjoying the ride immensely
you waited for close below 3600?
  • #87,828
  • Feb 3, 2011 8:13am Feb 3, 2011 8:13am
Quoting Ifmyante
Strong momentum, so keeping full position for now. Enjoying the ride immensely
Nice Ifmy,

Its always nice to see them blow past their major trouble areas. This one blew past that prior swing high like butter. Today's daily close is going to be important.



g.
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I believe . . .
  • #87,829
  • Feb 3, 2011 8:14am Feb 3, 2011 8:14am
Quoting Patrick.
you waited for close below 3600?
No. Premature breakout of H&S trade at 1.3633. Had to deal with the fear as it went against me. Got to within 10 pips of my mental SL
  • #87,830
  • Edited 9:06am Feb 3, 2011 8:15am | Edited 9:06am
Also, PB on 8Hr chart. Almost a double top, close below 1.62. My FTA would be recent bar low with a target of 1.6100

Any other comments?


Edit: stop to BE. 50% at +30

Quoting Patrick.
did anyone see this PB as a possible setup clearly at swing high close to PPZ area though...I am trying to identify patterns here
Attached Image (click to enlarge)
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  • #87,831
  • Feb 3, 2011 8:17am Feb 3, 2011 8:17am
Quoting sr2
I use VMWare but am thinking of switching to Parallels. VMWare works well and I can run other Windows apps if I want to.

SR2
Thanks I've just got my hands onto Parallels. I can give you some feedback once I've got things up and running if you're interested?
  • #87,832
  • Feb 3, 2011 8:20am Feb 3, 2011 8:20am
Quoting Patrick.
did anyone see this PB as a possible setup clearly at swing high close to PPZ area though...I am trying to identify patterns here
On my feed it looks like an 8hr pinbar,should be good for a few pips.
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  • #87,833
  • Feb 3, 2011 8:25am Feb 3, 2011 8:25am
Quoting slade1986
Also, PB on 8Hr chart. Almost a double top, close below 1.62. My FTA would be recent bar low with a target of 1.6100

Any other comments?
maybe this move down wont last? there seems to be many areas before 6100 where price might flip? if it cant close below .6176 ppz line I wouldnt bet on it...btw I am not in the trade just watching everything and trying to learn the way
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  • #87,834
  • Feb 3, 2011 8:25am Feb 3, 2011 8:25am
Quoting Patrick.
it is clearly out of that consolidation area (am I using right term?) should we be watching how it reacts and closes to that PPZ?
That's right Patrick.

Now that we have made it through the consolidation box, we'd like to see it act as resistance should price decide to pull back.

g.
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I believe . . .
  • #87,835
  • Feb 3, 2011 8:29am Feb 3, 2011 8:29am
Quoting Patrick.
it is clearly out of that consolidation area (am I using right term?) should we be watching how it reacts and closes to that PPZ?

Hey,

I was referring to close of weekly chart. I prefer long term setups. I posted some charts before about what i thought off the weekly:

http://www.forexfactory.com/showthre...52#post4366752

Ghous how did you go with the IB on EUR/CAD, you still in that trade???

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  • #87,836
  • Feb 3, 2011 8:32am Feb 3, 2011 8:32am
Quoting crusen
MBQB11 or Inside Bar experts

Curious as to your insight on:

My trading method is similar to what I see here, I note real obvious horizontal S/R levels, look for strong momentum through (and closing) past these levels and wait for a weak pullback to these levels, wait for a pin or engulfing type of price action and then take the trade with the original recent momentum. (my take profit is very different than what I see in here, by the way)

Question is, there are QUITE OFTEN times where my levels produce nice halts in price where price shoots...
Hey C

This is fine to use. Just understand that an inside bar is telling us very different information then say an outside bar. An inside bar is saying the market has paused and consolidated. So buying a break of that bar is trying to buy a break of consolidation in some form. A bit more tricky in my eyes, but the scenario you describe is definitely a valid one.

Best
Mike
  • #87,837
  • Feb 3, 2011 8:34am Feb 3, 2011 8:34am
Quoting vasmiza
Hey,

I was referring to close of weekly chart. I prefer long term setups. I posted some charts before about what i thought off the weekly:

http://www.forexfactory.com/showthre...52#post4366752

Ghous how did you go with the IB on EUR/CAD, you still in that trade???

Attachment
Yes I am still in.

Refer to this post.

g.
I believe . . .
  • #87,838
  • Edited 9:24am Feb 3, 2011 9:10am | Edited 9:24am
DEMO

I have been looking at the PA for GBP AUD between those green lines for a few days now.... I bought at .5950 and will sell at 6079 BE now..........this might not be the classic J16 but because of reading and watching you guys I think it was an informed move
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  • #87,839
  • Feb 3, 2011 9:24am Feb 3, 2011 9:24am
Quoting Ifmyante
Wish list

I wish this had made a perfect double top
I wish it had closed H4 under RN

I wish petrol was cheaper
I wish I had liked that more

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  • #87,840
  • Feb 3, 2011 9:32am Feb 3, 2011 9:32am
Ghous,

i have seen people referring to EURCAD lately..well this pair im not using it though..
u did mention on charts u posted with an arrow on IB
Is that an IB making a setup?im not getting it properly on how to take that ,maybe i forgot.... so need ur help!

Good Trading..

I wish i would hav hold on EURAUD Trade..its riding nicely now,lol
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