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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

  • #89,921
  • Feb 23, 2011 9:39am Feb 23, 2011 9:39am
this one is truckin along.
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Many choose unhappiness over uncertainty.
  • #89,922
  • Feb 23, 2011 9:44am Feb 23, 2011 9:44am
Quoting Dan Gilbert
this one is truckin along.
Beatiful

Thanks for the lesson Dan
  • #89,923
  • Feb 23, 2011 9:47am Feb 23, 2011 9:47am
Quoting Ifmyante
How could I have traded this?
Is it too late now?

I don't know why, but my Daily chart won't upload. It showed PBT&CA.

I would love to have touch traded long at PPZ, but the last time I tried that I got burned. I know I shouldn't let that affect me, but that highest bar to the left kept me out.
Ifmyante,
It was not a bad decision to give this one a miss, the bar looked more like an indecision bar. Just because it worked out this time I still think you were right not to trade it because you thought it closed to low. Stick with your rules and wait for the next setup that you feel more confident about.

Cheers

neale
  • #89,924
  • Feb 23, 2011 10:07am Feb 23, 2011 10:07am
Quoting neale41
Ifmyante,
It was not a bad decision to give this one a miss, the bar looked more like an indecision bar. Just because it worked out this time I still think you were right not to trade it because you thought it closed to low. Stick with your rules and wait for the next setup that you feel more confident about.

Cheers

neale
Wise words indeed, thanks Neale
  • #89,925
  • Feb 23, 2011 10:34am Feb 23, 2011 10:34am
didn't spotted that beautiful touch-trade possibility on eur/chf.
brn, resistance, 50% fib.
was good for a quick 80 pip move.
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meine augen sind die sterne
  • #89,926
  • Feb 23, 2011 11:03am Feb 23, 2011 11:03am
nzd/jpy 61.000 seems an interesting area for some decent price action...
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meine augen sind die sterne
  • #89,927
  • Feb 23, 2011 11:22am Feb 23, 2011 11:22am
what are your thoughts on the US/CHF, I am looking for PA at this level...

Quoting aserbfx
didn't spotted that beautiful touch-trade possibility on eur/chf.
brn, resistance, 50% fib.
was good for a quick 80 pip move.
  • #89,928
  • Feb 23, 2011 11:38am Feb 23, 2011 11:38am
Quoting Patrick.
what are your thoughts on the US/CHF, I am looking for PA at this level...
usd/chf is same like eur/chf. i am already long here since 0.9313 with a 30 pips spread.
but please do your own analysis and post it here. don't rely on me
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meine augen sind die sterne
  • #89,929
  • Feb 23, 2011 11:42am Feb 23, 2011 11:42am
Quoting jarroo
I like the previous bar Lows on BEOBs as a retracement level. But a PPZ level in the middle of a Outside bar will win every time.
Leave to the Gbp/Jpy to show me the previous bar High, instead of the PPZ level. She a feisty gal, but she grows on ya. lol
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Indicators show the past. Price Action "Indicates" the future.
  • #89,930
  • Feb 23, 2011 11:42am Feb 23, 2011 11:42am
Quoting aserbfx
don't rely on me
o definately not, that would not help me in the long term. as I said I am watching it and waiting for a sign...
  • #89,931
  • Feb 23, 2011 11:47am Feb 23, 2011 11:47am
Quoting spookie94
How you guys feel about this one. Swing low, nice BUOB, MACD divergence. I'd only enter this one off the break due to the .9900 level.
Quoting jarroo
I like it, spook. Although its in a bit of a mess . .alot of traffic. Let's see it the previous bar High of the BUOB will act as Support.
The traffic and size is fighting this one.
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Indicators show the past. Price Action "Indicates" the future.
  • #89,932
  • Feb 23, 2011 11:50am Feb 23, 2011 11:50am
Quoting Adilius07
Ok, my order is @ 1.3563 pending
Let's see

Looks like someone been paying attention . . .nice one Adili ..
Indicators show the past. Price Action "Indicates" the future.
  • #89,933
  • Feb 23, 2011 11:52am Feb 23, 2011 11:52am
Quoting albinas
Hey guys,



Any big changes in 3 months?



Quarter ago I decided to take a break from reading James16.
Why? Well, I think Raczekfx words, that „till you try to copy what others do you are walking in circles“ could best illustrate that. I wanted to search for my own way, to change a few rules so that I feel better while trading, to try few new things for me, to see how good am I when I trade on my own.

[color=black]I satisfied my needs Few days...

Hey Albinas . .good to see you.
Indicators show the past. Price Action "Indicates" the future.
  • #89,934
  • Feb 23, 2011 11:57am Feb 23, 2011 11:57am
MY USDCHF Trade
Closed today full position because Price reached the bottom of the sideways market ;-)
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  • #89,935
  • Feb 23, 2011 12:03pm Feb 23, 2011 12:03pm
Quoting supremeChaos
i still am curious about the people who nailed 'it'.

Me too. . . leave it at break even and let it ride . .hee yaa !!. .lol
Indicators show the past. Price Action "Indicates" the future.
  • #89,936
  • Feb 23, 2011 12:05pm Feb 23, 2011 12:05pm
Quoting john225
MY USDCHF Trade
Closed today full position because Price reached the bottom of the sideways market ;-)

Very nice . .textbook (that's J16's text book) . .beautiful . . .
Indicators show the past. Price Action "Indicates" the future.
  • #89,937
  • Feb 23, 2011 12:06pm Feb 23, 2011 12:06pm
Quoting jarroo
Very nice . .textbook (that's J16's text book) . .beautiful . . .
thanks
  • #89,938
  • Feb 23, 2011 12:08pm Feb 23, 2011 12:08pm
Quoting john225
thanks

Throw in Mike's textbook too . . .
Indicators show the past. Price Action "Indicates" the future.
  • #89,939
  • Feb 23, 2011 12:16pm Feb 23, 2011 12:16pm
Quoting jarroo
Throw in Mike's textbook too . . .
And then we can see what the market wants to do now. If it stalls here (or even not) we have a nice new fun area to watch for trades.

Nicely done John, isn't it nice to have a game plan, takes a lot of stress away(right or wrong)

Best
mike
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  • #89,940
  • Feb 23, 2011 12:17pm Feb 23, 2011 12:17pm
Quoting supremeChaos
sorry for the late reply, i was asleep then.
anyway, u already had great replies..
WOW, sChaos . . .great charts.

They have sure cleaned up alot since the last time I saw your charts.
Which was . . how long ago . . .(hang on, I'm thinking) . . just kidding, bro.
Indicators show the past. Price Action "Indicates" the future.
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