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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

  • #90,041
  • Feb 24, 2011 4:10am Feb 24, 2011 4:10am
Quoting Pinbar
Looks like we got our pullback but, it is a bit of mess in there.
Hardly any space, even if it ends up as a bullish daily PB.
I would like to see it develop . .
Indicators show the past. Price Action "Indicates" the future.
  • #90,042
  • Feb 24, 2011 4:13am Feb 24, 2011 4:13am
Quoting Ifmyante
Thanks Jim.

TBH I'm not so used to the non US crosses.
But my trigger finger is getting itchy. That's why I set myself a punishment for taking poorly planned trades

Good eye on the muti bar Highs . .it can be a tough pair, my friend.
Indicators show the past. Price Action "Indicates" the future.
  • #90,043
  • Feb 24, 2011 4:22am Feb 24, 2011 4:22am
Quoting kwikwis
Daily PB on GBP/NZD had much better signal than goats LOL.
Still riding the last 1/4 till 2.2000
Attachment
I agree kwikwis . .lol
Indicators show the past. Price Action "Indicates" the future.
  • #90,044
  • Feb 24, 2011 4:55am Feb 24, 2011 4:55am
we're past 6000 pages.

not much excitement now, huh?

90,000+ posts to go through...
  • #90,045
  • Feb 24, 2011 4:57am Feb 24, 2011 4:57am
Quoting john225
MY USDCHF Trade
Closed today full position because Price reached the bottom of the sideways market ;-)
Hey John

nice trade there and well managed! I spotted this one but hesitated - a problem I am trying to resolve at the moment and something that I need to work on! What gives me some encouragement is that the PPZ levels on my chart were the exact same as yours so at least I am doing something right!!

To use a trading cliche 'I must trade what I see rather than what I think'. I am spotting good setups but sometimes not taking them. Any advice from all quarters gladly welcomed!

Kal
  • #90,046
  • Feb 24, 2011 5:04am Feb 24, 2011 5:04am
Quoting supremeChaos
we're past 6000 pages.

not much excitement now, huh?

90,000+ posts to go through...
Hey Supremo

with 100.000 posts approaching I wonder if we should make sure that the honour of that milestone should be conferred on the master himself, J16?

It would be a fitting tribute for the man who started it all off and an opportune moment for him to address his disciples!

Kal
  • #90,047
  • Feb 24, 2011 5:09am Feb 24, 2011 5:09am
Gbp/Jpy Short

a) Four high on daily
b) IB on swing high
c) A good break of the IB
d) Retest
e) Entry short @ 134.241
f) First SL @ 135.61
g) First TP 50% @ 132.21 (support area)
h) Rest @ BE
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 23 KB
Don't give up
  • #90,048
  • Feb 24, 2011 5:10am Feb 24, 2011 5:10am
Quoting Kalbar
Hey..
with 100.000 posts approaching..
Hello Sir Kal,
yes, he is/has been honored & blessed. same goes for us
  • #90,049
  • Feb 24, 2011 5:14am Feb 24, 2011 5:14am
Because of not sure of that................well, not sure of my capacity and ability of forecast
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurcad.gif Size: 22 KB
Don't give up
  • #90,050
  • Feb 24, 2011 5:19am Feb 24, 2011 5:19am
On Daily a good resistance area to look any short pattern for

But on H4 it seems to be a support area under that

In the doubt................not taken
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: euraud.gif Size: 21 KB
Don't give up
  • #90,051
  • Feb 24, 2011 5:26am Feb 24, 2011 5:26am
Quoting geomink
Because of not sure of that................well, not sure of my capacity and ability of forecast
Quoting geomink
On Daily a good resistance area to look any short pattern for...
wow, awesome charts! thanks for sharing..
very low to zero drawdowns!

dont worry u'll get these kinds of trades next time.
missing these nice setups is normal. i often miss them too, u know

just keep on practicing, studying, watching charts!!
  • #90,052
  • Feb 24, 2011 5:53am Feb 24, 2011 5:53am
Supreme,

Not missing this trades helps for me doing this:
Take 4 feeds (i have: fxpro, mbt, alpari and ibfx) with all 4h charts i want trade.
Every hour i have a new 4h close, 5 minutes before the close of the bar i open the feed en watch very quick to see some nice PA. I repeat that trough the day every hour.

I think a lot of people doing this
  • #90,053
  • Feb 24, 2011 6:06am Feb 24, 2011 6:06am
Quoting Thierry
..
Not missing this trades helps for me doing this...
I think a lot of people doing this
yes, Sir.
that helps
  • #90,054
  • Feb 24, 2011 6:10am Feb 24, 2011 6:10am
Perfect support
Attached Image (click to enlarge)
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  • #90,055
  • Feb 24, 2011 6:19am Feb 24, 2011 6:19am
Quoting Greenhaze
Nice one. Those that break thru last highs and close below are the prettiest one.
It's working out quite nicely. It's broken the 1.6100 mark, let's see if it closes below it.

Dare I say this (and I mean it in the most modest fashion possible), I feel that things are finally coming together

Padawan
  • #90,056
  • Edited 4:40pm Feb 24, 2011 6:24am | Edited 4:40pm
Quoting Donkey
I've started backtesting outside bar retracement...put my first demo in on GJ..this one triggered a bit ago...

edit: typo in screen shot, should be a sell
TP hit around 1R.
Attached Image (click to enlarge)
Click to Enlarge Name: ret_demo_01a.gif Size: 30 KB
  • #90,057
  • Feb 24, 2011 7:25am Feb 24, 2011 7:25am
Quoting 5.25
It's working out quite nicely. It's broken the 1.6100 mark, let's see if it closes below it.

Dare I say this (and I mean it in the most modest fashion possible), I feel that things are finally coming together

Padawan
Hey 525

Well done on your feeling that its coming together........I also have the same feeling but have to admit that it is happening very slowly! Would like it to be a bit faster but we all have to go at our own pace. Studying charts by Jarroo, Mike, Ghous etc certainly helps us newer guys. I know these guys might not admit it but to many of us they are gurus who are also great teachers!

best

al
  • #90,058
  • Feb 24, 2011 8:42am Feb 24, 2011 8:42am
Quoting Ifmyante
Perfect support

Yess I am watching this one close once we get out of the wedge

I don't play well within the wedge LOL
Attached Image (click to enlarge)
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  • #90,059
  • Feb 24, 2011 8:42am Feb 24, 2011 8:42am
Quoting geomink
Gbp/Jpy Short

a) Four high on daily
b) IB on swing high
c) A good break of the IB
d) Retest
e) Entry short @ 134.241
f) First SL @ 135.61
g) First TP 50% @ 132.21 (support area)
h) Rest @ BE
http://my.jetscreenshot.com/5886/m_2...9cef-175kb.jpg
  • #90,060
  • Feb 24, 2011 8:48am Feb 24, 2011 8:48am
Quoting mbqb11
Yess I am watching this one close once we get out of the wedge

I don't play well within the wedge LOL
That and lack of PA kept me away too. But someday I will trade these setups
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