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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

  • #90,741
  • Mar 4, 2011 6:15am Mar 4, 2011 6:15am
Quoting sammy31
I'm watching USDCHF, once price has broken through the strong support/resistance line, would this be a good setup to go long?
definitely. have a look here as well: http://www.forexfactory.com/showpost...ostcount=90746

http://www.forexfactory.com/showpost...ostcount=90747
  • #90,742
  • Mar 4, 2011 6:18am Mar 4, 2011 6:18am
First, for some unkown reason metatrader or my computer lost my charts...account showed still active but no charts....so frustrating had to use thumb drive to restore...but were old .... I recommend saving to thumb drive everyday....lesson learned.

I was watching this looking for a TT, but didn't like the fact the NFP was hitting the streets when it was approaching the 61.8 ....so I sat out....from my prior experiences I have found this the best thing to do.

But, the S/R level held with the RN and the 61.8 ....For what it's worth here you go another example of the power of location and confluence.

I'll keep the charts coming Jim...thanks...I'm so behind in the thread

Bill
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  • #90,743
  • Mar 4, 2011 6:25am Mar 4, 2011 6:25am
Quoting Jonnyislost
Awesome BEOB on FGBL (Euro Bund March 11) worked like a charm, Aided by Trichet's press conference yesterday of course
NICE


Hey J man
  • #90,744
  • Mar 4, 2011 6:26am Mar 4, 2011 6:26am
Quoting trader3000
definitely. have a look here as well: http://www.forexfactory.com/showpost...ostcount=90746

http://www.forexfactory.com/showpost...ostcount=90747

Thank you trader3000, great help
  • #90,745
  • Mar 4, 2011 6:26am Mar 4, 2011 6:26am
Quoting sr2
That is a beautiful example of how simple this can be. Look at that chart, no PPZs, no indicators, but about a dozen or so OB's with a majority giving you substantial positive pips. Mike has marked a few for illustration purposes but if you go through that chart you will see some beautiful PA looking for OB's only.

Thanks Mike, very nice.

ps. I need to start attending some of your webinars but just too busy. I get the reminders but the time difference can be a pain
Yep simple is better, James ain't lying. I have certainly spent my fair share of time over complicating and stripping down(the charts)

I run two different times every other week, shoot me a PM about another possible time options, I am always open to it

Enjoy the weekend bud
Mike
  • #90,746
  • Mar 4, 2011 6:31am Mar 4, 2011 6:31am
Quoting Adilius07
I don't know if it close below 134 it would not look PB, maybe its better then to have it as BEOB, one super huge BEOB?

Also, I often scared to fade opposing setups, for this PB it would be that previous BUOB... but again like Jarroo usually says: that BUOB has reached it's target so maybe it is not a problem...
Yes. it won't be a PB if it closes under 134.
  • #90,747
  • Mar 4, 2011 6:32am Mar 4, 2011 6:32am
This one looks much more interesting to me. This is H8 chart.
But I see some space issues...
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  • #90,748
  • Mar 4, 2011 6:33am Mar 4, 2011 6:33am
Quoting cprao
Yes. it won't be a PB if it closes under 134.
I just checked it will be great PB on H8 if it closed below 134 )
  • #90,749
  • Mar 4, 2011 6:42am Mar 4, 2011 6:42am
Quoting Adilius07
I just checked it will be great PB on H8 if it closed below 134 )


Edit. The way it is going, it may form a BEOB on H8 also.
  • #90,750
  • Mar 4, 2011 6:45am Mar 4, 2011 6:45am
EU is again attempting to touch 1.4..
  • #90,751
  • Mar 4, 2011 6:48am Mar 4, 2011 6:48am
just a nice simple trade to close up friday

BEOB swing high
BRN 135
Divergence

Take profit just under 134
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  • #90,752
  • Mar 4, 2011 6:52am Mar 4, 2011 6:52am
Quoting mbqb11
just a nice simple trade to close up friday

BEOB swing high
BRN 135
Divergence

Take profit just under 134
Super!
I saw it too, but I thought I am still too young for H1 trades
  • #90,753
  • Mar 4, 2011 6:58am Mar 4, 2011 6:58am
Quoting mbqb11
just a nice simple trade to close up friday

BEOB swing high
BRN 135
Divergence

Take profit just under 134
Great !! I was watching the charts .. but not dared to ..
  • #90,754
  • Mar 4, 2011 7:03am Mar 4, 2011 7:03am
Quoting mbqb11
just a nice simple trade to close up friday

BEOB swing high
BRN 135
Divergence

Take profit just under 134
Very nice Mike. It really is simple. I had such a bad tendency to muck it up in the past. I've spent the last week going through the thread yet again from the very beginning. This method has made trading fun for me again. It's great to be home. I think I'm here to stay.
"Don't trade to trade . . . trade to win." - James16
  • #90,755
  • Mar 4, 2011 7:28am Mar 4, 2011 7:28am
Quoting mbqb11
just a nice simple trade to close up friday

BEOB swing high
BRN 135
Divergence

Take profit just under 134
Good result Mike.

Although I have to say I would have been a little concerned about potential support at 134.20 (see chart).
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  • #90,756
  • Mar 4, 2011 7:30am Mar 4, 2011 7:30am
Hi All,
I saw this thread before but was just overwhelmed by the large amount of post to review.
But now i'm convinced that it should be worth it.
So this is my first post.

Any thoughts will help.
Thanks.
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When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #90,757
  • Mar 4, 2011 7:31am Mar 4, 2011 7:31am
Quoting the_wizard
Good result Mike.

Although I have to say I would have been a little concerned about potential support at 134.20 (see chart).
Heya Wiz

Yeah normally this is a bar to pass on but the xxx/jpy weakness was strong and across the board, so you know I love my RNs, and they love to at least test them with such a big bar. Prob should have included that above, but don't want to over complicate a friday

Hope your staying clear of the lighting

Mike
  • #90,758
  • Mar 4, 2011 7:31am Mar 4, 2011 7:31am
Quoting mbqb11
NICE


Hey J man
Quoting mbqb11
just a nice simple trade to close up friday

BEOB swing high
BRN 135
Divergence

Take profit just under 134
Even better
Enjoy the weekend
  • #90,759
  • Mar 4, 2011 7:32am Mar 4, 2011 7:32am
Quoting lananpips
Any thoughts will help.
Thanks.
Hey Lana

See if this helps

http://www.forexfactory.com/showthre...95#post4439895

Best
Mike
  • #90,760
  • Edited 8:31am Mar 4, 2011 7:41am | Edited 8:31am
Quoting mbqb11
Hey Lana

See if this helps

http://www.forexfactory.com/showthre...95#post4439895

Best
Mike
Tnx Mike,
i'll take a look at it.

----

Read it and yes, i need to read and study more before posting i guess.
When the internal struggle ends, everything becomes easy - Mr. Douglas
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