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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

  • #89,641
  • Feb 21, 2011 3:33am Feb 21, 2011 3:33am
Quoting jarroo
Are you talking about this PB that I drew (blue arrow)?
yes jaroo...see the candles before and after this PB u have marked. both closed below the line....thats what i meant earlier...then what gave u confidence to hold it.....
  • #89,642
  • Feb 21, 2011 3:35am Feb 21, 2011 3:35am
Quoting gladiator123
yes jaroo...

Can you post a chart with more details . .I can't see what you're trying to say . .sorry.
Indicators show the past. Price Action "Indicates" the future.
  • #89,643
  • Feb 21, 2011 3:39am Feb 21, 2011 3:39am
Quoting jarroo
Actually there are two BEOBs that are confluencing . . . one with the 114.00 and the other with the 115.00 . . .
thanks jaroo.... both the charts helps a lot.... right now i am trying to concentrate on a single setup.... (only pin bar) for 8 pairs.... So once I master that I will study the bearish engulfing...then another set up. I think that is the easiest and best way to train ourselves for patience and discipline...because I lack both of tht a lot(lol)..... thanks for ur guidance... it is helping a lot and giving me a lot of new info...
  • #89,644
  • Feb 21, 2011 3:50am Feb 21, 2011 3:50am
Quoting Greenhaze
Hey Tomasz

This entry was made on break of last month high. This is long-term trade mainly dictated by macro factors.
Still riding the Silver?
  • #89,645
  • Feb 21, 2011 3:50am Feb 21, 2011 3:50am
Quoting gladiator123
thanks jaroo.... both the charts helps a lot.... right now i am trying to concentrate on a single setup.... (only pin bar) for 8 pairs.... So once I master that I will study the bearish engulfing...then another set up. I think that is the easiest and best way to train ourselves for patience and discipline...because I lack both of tht a lot(lol)..... thanks for ur guidance... it is helping a lot and giving me a lot of new info...

Sorry I couldn't help you more

Let's try this one . .Daily Gbp/Chf PB off a .7200 RN PPZ level confluencing with the 150 ema. It has some pretty tight targets . . .
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf21.jpg Size: 121 KB
Indicators show the past. Price Action "Indicates" the future.
  • #89,646
  • Feb 21, 2011 3:55am Feb 21, 2011 3:55am
Quoting jarroo
Can you post a chart with more details . .I can't see what you're trying to say . .sorry.
haha okie....

i have edited and attached a chart that you have posted to show me the 365 ema chfjpy before. In that you said that you will classify that PB(PB marked with green arrow in my chart) as a A++ setup. I was asking y do u say that PB as a A++ set up. If it was me i will consider the wicks in the left (black circle in my chart). And another reason why that is not a A++ is the FTA that I have marked( black line).

second, see the two candle I have marked as PB in the right. both closed below the orange line that you had in your chart and there was no clear break of that line. So what i was asking is what will give u confidence to trade that PB that u highlighted earlier..... Does the place that I have marked as FTA is really an FTA... If you see the daily candle after the PB u highlighted it also closed with an upper wick and below orange line and only next day it broke and went up. So what makes u say that PB is A++.

I am not at all sure if my analysis and thinking process is correct or not or if it makes any sense atleast....
thanks

EDIT:Hope i am not making u real MAD with my questions...lol
Attached Image (click to enlarge)
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  • #89,647
  • Feb 21, 2011 3:59am Feb 21, 2011 3:59am
Quoting jarroo
Sorry I couldn't help you more

Let's try this one . .Daily Gbp/Chf PB off a .7200 RN PPZ level confluencing with the 150 ema. It has some pretty tight targets . . .
thanks a lot jaroo... i really understood what u are saying.... thanks for all the charts....
  • #89,648
  • Feb 21, 2011 4:06am Feb 21, 2011 4:06am
Quoting gladiator123
haha okie....

i have edited and attached a chart that you have posted to show me the 365 ema chfjpy before. In that you said that you will classify that PB(PB marked with green arrow in my chart) as a A++ setup. I was asking y do u say that PB as a A++ set up. If it was me i will consider the wicks in the left (black circle in my chart). And another reason why that is not a A++ is the FTA that I have marked( black line).

second, see the two candle I have marked as PB in the right. both closed below the orange line that you had in your chart...

Ok . .I see now.

All that I'm showing is the strong conflunced Location. Locaton is the key to everything we do here. It is where we want our PA to form and develop.

How many pips to the FTA in the made up example? I show about 75 pips. That's fantasic. That's all we want to do get to the FTA on a high quality setup like this.

I'm not sure what you want from an A+ setup . .maybe going to the moon or 1000 pips? But all we want out of an A+ setup is to reach our 1st target and then protect ourselves and manage it to see if it goes higher and catch a runner.

I think I getting close to your question
Indicators show the past. Price Action "Indicates" the future.
  • #89,649
  • Feb 21, 2011 4:09am Feb 21, 2011 4:09am
Quoting gladiator123
EDIT:Hope i am not making u real MAD with my questions...lol
No . .you're not making me mad . . . lol
Indicators show the past. Price Action "Indicates" the future.
  • #89,650
  • Feb 21, 2011 4:22am Feb 21, 2011 4:22am
jaroo....

really I thought A++ set up means trades that have potential to give us lots of pips like 300+....thats why i asked how come it is a A++ set up when it has FTA so near...haha...i was completely wrong.....sorry.... ur previous post answer all my question... thanks a lot for teaching....

thanks and regards


Quoting jarroo
Ok . .I see now.

All that I'm showing is the strong conflunced Location. Locaton is the key to everything we do here. It is where we want our PA to form and develop.

How many pips to the FTA in the made up example? I show about 75 pips. That's fantasic. That's all we want to do get to...
  • #89,651
  • Feb 21, 2011 4:25am Feb 21, 2011 4:25am
Quoting jarroo
Yeah . .I'm waiting until he has a Bull on the dollar in his avatar . . .lol
A stampede of them would be nice
Not wishing bad for my own continent, of course
  • #89,652
  • Feb 21, 2011 4:27am Feb 21, 2011 4:27am
Quoting gladiator123
jaroo....

really I thought A++ set up means trades that have potential to give us lots of pips like 300+....thats why i asked how come it is a A++ set up when it has FTA so near...haha...i was completely wrong.....sorry.... ur previous post answer all my question... thanks a lot for teaching....

thanks and regards

A+ setups do have that potential . . from 30 pips to 3000 pips . . . the key is how to manage them once you find one or when one is presented to you.

Attached Image (click to enlarge)
Click to Enlarge Name: cad.jpg Size: 88 KB
Indicators show the past. Price Action "Indicates" the future.
  • #89,653
  • Feb 21, 2011 4:43am Feb 21, 2011 4:43am
Quoting jarroo
A+ setups do have that potential . . from 30 pips to 3000 pips . . . the key is how to manage them once you find one or when one is presented to you.

thats an amazing chart..... i do backtesting and using crosshair in MT4 charts i count a lot of pips from many pin bars....and i get a lot of pips IN MIND...(if i take this pin bar from here till this swing high or low ..i get this amt of pips and tht no. of pips*10 (standard lot) gives a huge amt of dollars)... since all these calculations are in mind.. i get dollars in mind....so now I understood real trading requires a lot more than measuring pips with crosshairs....thanks once again for ur reply...
  • #89,654
  • Feb 21, 2011 4:49am Feb 21, 2011 4:49am
Quoting gladiator123
thats an amazing chart..... i do backtesting and using crosshair in MT4 charts i count a lot of pips from many pin bars....and i get a lot of pips IN MIND...(if i take this pin bar from here till this swing high or low ..i get this amt of pips and tht no. of pips*10 (standard lot) gives a huge amt of dollars)... since all these calculations are in mind.. i get dollars in mind....so now I understood real trading requires a lot more than measuring pips with crosshairs....thanks once again for ur reply...

I understand glad . .its how most of us got into this business.

We saw a chart . .saw the pips and got the calculator out and did the math.

Its a business just like any other business. We have to do the research, put in the time and demo until we get it right.

But surprisingly, it does get easier . .keep at it friend . .
Indicators show the past. Price Action "Indicates" the future.
  • #89,655
  • Feb 21, 2011 4:57am Feb 21, 2011 4:57am
Quoting jarroo
I understand glad . .its how most of us got into this business.

We saw a chart . .saw the pips and got the calculator out and did the math.

Its a business just like any other business. We have to do the research, put in the time and demo until we get it right.

But surprisingly, it does get easier . .keep at it friend . .
thanks for the support.... working very hard for it...
  • #89,656
  • Edited 1:09pm Feb 21, 2011 5:03am | Edited 1:09pm
Quoting gladiator123
thanks for the support.... working very hard for it...
No problem glad . .I gotta go . .but I want to see some charts from you this week . . . Deal? . . .Good . . .


Later


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #89,657
  • Feb 21, 2011 5:22am Feb 21, 2011 5:22am
Quoting jarroo
No problem glad . .I gotta go . .but I want to see some chart from you this week . . . Deal? . . .Good . . .


Later


Jim
ya sure.... jim... take care
  • #89,658
  • Feb 21, 2011 5:26am Feb 21, 2011 5:26am
Hi Traderslearners

Did not take any trades last week as no A+ setups(daily +weekly). Not seeing anything yet for this week apart from BEOB on GCHF weekly - have placed a sell order just below. Anyone else watching this one?
  • #89,659
  • Feb 21, 2011 5:28am Feb 21, 2011 5:28am
Sorry guys forgot chart! Here it is:
Attached Image (click to enlarge)
Click to Enlarge Name: kal210211.jpg Size: 111 KB
  • #89,660
  • Feb 21, 2011 5:59am Feb 21, 2011 5:59am
I have been following this one closely too. Selling a break too...
If you think you can or cannot do it you are correct
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