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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

  • #92,401
  • Mar 28, 2011 6:16pm Mar 28, 2011 6:16pm
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  • #92,402
  • Mar 28, 2011 8:06pm Mar 28, 2011 8:06pm
I would appreciate thoughts on the CadChf, I am guessing the pb is too small. It seems like it is bouncing off a fib, a rn and previous support. If the pb had been larger would it be more valid?
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  • #92,403
  • Mar 28, 2011 10:09pm Mar 28, 2011 10:09pm
Quoting dfred
I would appreciate thoughts on the CadChf, I am guessing the pb is too small. It seems like it is bouncing off a fib, a rn and previous support. If the pb had been larger would it be more valid?
Hey Fred

My thoughts below on my chart

Hope it helps

Mike
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  • #92,404
  • Mar 28, 2011 11:58pm Mar 28, 2011 11:58pm
Quoting brighty3k
can you please teach me this analysis?
Hi Brighty, yes like already said by others just read and trust me I'm not the best teacher as I struggle myself to just breakeven at the moment.

I will recommend you go (at least through attachments) of James16, Mbqb11 and I found Benji533 also has some great (easy to understand) chart examples. Spend whole weekend just looking on those charts, you will be amazed how much more you understand.

If you spend sometime by watching this videos you will have a great start.
  • #92,405
  • Mar 29, 2011 12:26am Mar 29, 2011 12:26am
Quoting jarroo
Great . .go through them many times ..

Also, go through and study James16's and Mike's charts . . ALL . .OF . . .Them.

You will learn alot . .I still go through them often.

wao this is fantastic...thank you man
  • #92,406
  • Mar 29, 2011 12:31am Mar 29, 2011 12:31am
Quoting FxPrelude
Hi and welcome Brighty.
I think what every one are trying to say to you is that you will have to learn the basics on your own starting with reading this thread from post No.1 and watch all videos for wich Jaroo allready gave you the link .
And read a book or two about tehnical analisis and put in some work your self in learning the basics . If you dont understand the basics about tehnical analisis or basic things what is price action trading is all about you can not expect that some one will just hold your hand and teach you from scratch if you...

thanks for the advice, am going thorough the stuffs already and am ctaching on. thanks
  • #92,407
  • Mar 29, 2011 12:38am Mar 29, 2011 12:38am
Quoting Adilius07
Hi Brighty, yes like already said by others just read and trust me I'm not the best teacher as I struggle myself to just breakeven at the moment.

I will recommend you go (at least through attachments) of James16, Mbqb11 and I found Benji533 also has some great (easy to understand) chart examples. Spend whole weekend just looking on those charts, you will be amazed how much more you understand.

If you spend sometime by watching this videos you will have a great start....

when 2,3 or more good heads are saying something, then bothing else. no shortcuts i gotta read and watch those stuffs. Thanks man
  • #92,408
  • Mar 29, 2011 12:41am Mar 29, 2011 12:41am
Quoting brighty3k
when 2,3 or more good heads are saying something, then bothing else. no shortcuts i gotta read and watch those stuffs. Thanks man
Just don't give up on your way man, people come, spend 3 days working very very hard and then disappear (hard work kills them).

Make sure you make at least a few hundreds posts with a hidden question in each of them, and you will receive a few hundred answers!
  • #92,409
  • Mar 29, 2011 12:50am Mar 29, 2011 12:50am
Quoting Adilius07
Just don't give up on your way man, people come, spend 3 days working very very hard and then disappear (hard work kills them).

Make sure you make at least a few hundreds posts with a hidden question in each of them, and you will receive a few hundred answers!

thanks man. i am reading your journal right now and your story is inspiring me more to give in what it takes to get it once and for all. thanks
  • #92,410
  • Mar 29, 2011 1:34am Mar 29, 2011 1:34am
A+ trade imo.

Stops were tipped...price went back above the 1.5980 level with strong momentum....slowly retraced to 1.5980....and kaboom, h1/m30/m15 strong buob bar. It wont get much easier then this.
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  • #92,411
  • Mar 29, 2011 4:53am Mar 29, 2011 4:53am
any thoughts about this pb?
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  • #92,412
  • Mar 29, 2011 4:58am Mar 29, 2011 4:58am
For me the left side is too trafficy and there is 1,41 wich can easily hold it, so me it is a pass but I am newbie....very newbie!
M
  • #92,413
  • Mar 29, 2011 4:58am Mar 29, 2011 4:58am
Quoting trader3000
any thoughts about this pb?
This is shorting weak PB against RN (support), imo...
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  • #92,414
  • Mar 29, 2011 5:00am Mar 29, 2011 5:00am
Hello,

couple of trades I am in

GBP - USD - in at 1.5980, TP at 1.6350, move SL to BE at 1.6080

CAD - CHF - in at 0.9360, TP at 0.9590, move SL to BE at 0.9460

Both entries triggered on Pullback

Now waiting for EUR - AUD to retrace to 1.3765 to trigger long entry of the PB.

Anthony
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  • #92,415
  • Mar 29, 2011 5:45am Mar 29, 2011 5:45am
Boy that daily PB looked picture perfect/double top ....but right into parity close above parity...but I am picky and my rules don't allow to take these.

Did anyone take this on the lower time frame after bar closed below 1.0?
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  • #92,416
  • Mar 29, 2011 5:59am Mar 29, 2011 5:59am
Quoting trader3000
any thoughts about this pb?
sl to breakeven
  • #92,417
  • Mar 29, 2011 6:08am Mar 29, 2011 6:08am
Hi Atc,
I had it on H4 and when I saw 1.000 (FTA) I placed BE , and took me out with 0!
And turned dow again.....so just came back to catch me!
What a funy game...

But it was yesterday, and above the 1.000 when I entered with a big pin on H4...

Mónika
  • #92,418
  • Mar 29, 2011 6:27am Mar 29, 2011 6:27am
This looked liked a nice bearish PB but as you say directly into parity.
Price has crossed parity plenty of times. It has crossed the 1.000 BRN without much problem.
Price is currently at 0.99866.
It looks like price is coming back to the 1.000 level.
I guess the thing to do is to wait for price to do just this, and then if the 1.000 acts as resistance you can jump in with a short with reasonable confidence.
  • #92,419
  • Mar 29, 2011 6:44am Mar 29, 2011 6:44am
This is on my radar. Would be nice with some big fat bearish price action closing below 0.7500. Nice level on daily as well.

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  • #92,420
  • Mar 29, 2011 9:00am Mar 29, 2011 9:00am
breakouts
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