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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

  • #93,641
  • Apr 14, 2011 11:13am Apr 14, 2011 11:13am
Quoting plund
Any thoughts on these IB:s

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pat
as far as I am concerned the noses are far too little.
  • #93,642
  • Apr 14, 2011 11:16am Apr 14, 2011 11:16am
Quoting plund
Any thoughts on these IB:s

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pat
Hey Pat

Technically speaking these wouldn't be IBs since the highs and lows are both not within the prior bar. They are just slightly lower. I do agree we are consolidating now under that previous box area, so I would be very highly surprised to not see us at least breakout lower to retest the BRN of 1.45

Best
Mike
  • #93,643
  • Apr 14, 2011 11:35am Apr 14, 2011 11:35am
Quoting mbqb11
Hey Pat

Technically speaking these wouldn't be IBs since the highs and lows are both not within the prior bar. They are just slightly lower. I do agree we are consolidating now under that previous box area, so I would be very highly surprised to not see us at least breakout lower to retest the BRN of 1.45

Best
Mike
Thanks Mike,

Yes would be looking for a break of those lows, could maybe get another leg down.

pat
  • #93,644
  • Apr 14, 2011 11:55am Apr 14, 2011 11:55am
eur/jpy daily chart. closing in 2 hours. bearish bar atm.
23.6% fib. s/r. rn. any thoughts?
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meine augen sind die sterne
  • #93,645
  • Apr 14, 2011 11:57am Apr 14, 2011 11:57am
eur/chf.
aquivalent setup.
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meine augen sind die sterne
  • #93,646
  • Apr 14, 2011 12:57pm Apr 14, 2011 12:57pm
Quoting aserbfx
eur/chf.
aquivalent setup.
Looks good.
For me the 1.3 would be the FTA. But i would pass on it because it is heading right into BRN.
  • #93,647
  • Apr 14, 2011 1:00pm Apr 14, 2011 1:00pm
took this breakout-trade on ko today. already about +1%. got out with half of the position and the rest at break even. take a look at the nice daily volume supporting the move.
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meine augen sind die sterne
  • #93,648
  • Apr 14, 2011 1:23pm Apr 14, 2011 1:23pm
Quoting aserbfx
took this breakout-trade on ko today. already about +1%. got out with half of the position and the rest at break even. take a look at the nice daily volume supporting the move.
Nice one again Markus
  • #93,649
  • Apr 14, 2011 1:53pm Apr 14, 2011 1:53pm
Quoting john225
Looks good.
For me the 1.3 would be the FTA. But i would pass on it because it is heading right into BRN.


nice to know where it's going even if you do play it

Best
Mike
  • #93,650
  • Edited 2:18pm Apr 14, 2011 2:05pm | Edited 2:18pm
hello everyone,

I am now watching the naked charts for 3 weeks or so and I feel very relieved taking off all the indicators and the clutter ;-)
I am starting out with the very basic stuff. Sup&Res areas, fibs, pinbars and engulfing bars and trying to put it all together to a larger picture.

I am trading the weekly/daily and I just scanned through my pairs and noticed a few things I would like to discuss and hear your opinion :-)
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  • #93,651
  • Apr 14, 2011 2:14pm Apr 14, 2011 2:14pm
Hi Guys,

Its a bit late and I saw this...would this be a pinbar set up?

Imagine the far right hand bar ive drawn appeared tomorrow on the EURCHF Daily.

And would the right entry be to enter as this bar moved up above the high of the pin?

Kindly comment/voice disgust/point me in the right direction!

...EDIT- hmm maybe MIko jsut answered my valid pinbar bit already...but would still appreciate comments on the trade bit. cheers.
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  • #93,652
  • Apr 14, 2011 2:40pm Apr 14, 2011 2:40pm
Hi atemiwaza

I have been chewing this one over too.
Problem for me is that entry at pin bar break - 1.2956 to FTA - BRN 1.300 is 44 pips but S/L would be 113 pips if stop placed at the pin bar low 1.2843.
Guess I might sit this out and just see what happens.
I havent made a trade yet using pa but the waiting for an A+ set up sure is hard .
cheers
Malarky
Quoting atemiwaza
Hi Guys,

Its a bit late and I saw this...would this be a pinbar set up?

Imagine the far right hand bar ive drawn appeared tomorrow on the EURCHF Daily.

And would the right entry be to enter as this bar moved up above the high of the pin?

Kindly comment/voice disgust/point me in the right direction!

...EDIT- hmm maybe MIko jsut answered my valid pinbar bit already...but would still appreciate comments on the trade bit. cheers.
  • #93,653
  • Apr 14, 2011 3:06pm Apr 14, 2011 3:06pm
no way mike. i never got to see it. you took the dare which i admire but it doesnt count unless its up a day or two.

seeing that cute little yankee baby will have a soothing effect on many and piss off red sox fans. the best of both worlds mike so come on put it back up.



Quoting mbqb11
lol I texted it to James he dared me to put it up

Just my proof to him
But I will take it down to not scare people seeing charts and babies
  • #93,654
  • Apr 14, 2011 3:08pm Apr 14, 2011 3:08pm
I 2nd that Mike

Quoting james16
no way mike. i never got to see it. you took the dare which i admire but it doesnt count unless its up a day or two.

seeing that cute little yankee baby will have a soothing effect on many and piss off red sox fans. the best of both worlds mike so come on put it back up.
  • #93,655
  • Apr 14, 2011 3:12pm Apr 14, 2011 3:12pm
great. take your time and follow the outline set out in post 1 and maybe just maybe you will find some consistent success over the next year.

glad to have you,

jim

Quoting Miko1
hello everyone,

I am now watching the naked charts for 3 weeks or so and I feel very relieved taking off all the indicators and the clutter ;-)
I am starting out with the very basic stuff. Sup&Res areas, fibs, pinbars and engulfing bars and trying to put it all together to a larger picture.

I am trading the weekly/daily and I just scanned through my pairs and noticed a few things I would like to discuss and hear your opinion :-)
  • #93,656
  • Apr 14, 2011 3:14pm Apr 14, 2011 3:14pm
340+ pips and climbing... steady as she goes
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  • #93,657
  • Apr 14, 2011 3:24pm Apr 14, 2011 3:24pm
Quoting Malarky
Hi atemiwaza

I have been chewing this one over too.
Problem for me is that entry at pin bar break - 1.2956 to FTA - BRN 1.300 is 44 pips but S/L would be 113 pips if stop placed at the pin bar low 1.2843.
Guess I might sit this out and just see what happens.
I havent made a trade yet using pa but the waiting for an A+ set up sure is hard .
cheers
Malarky
Thanks Malarky...I didn't even think about Risk Reward. A+ is even harder when your not even sure what one is lol...but if I keep staring at the charts everyone posts on here maybe one day it'll sink in.
  • #93,658
  • Apr 14, 2011 3:28pm Apr 14, 2011 3:28pm
Quoting plund
Any thoughts on these IB:s

Attachment

pat
I'm chewing over this one myself Pat. I'm temped for a short on the break of the x2 IBs and stop loss above...

Only the 1.4500 BRN is in the way as is virgin territory. But then, the AUDUSD is doing ok for itself!
  • #93,659
  • Apr 14, 2011 3:43pm Apr 14, 2011 3:43pm
thats freaking great.

did i really say this?

"We're not trying to trade every day, we're trying to win every time we trade" - J16

all those little sayings that come out of me from time to time and end up in signatures just humble me beyond description.

its crazy because those are not regular sayings. they come out of my gut from being beat down so bad for so many years by this trading thing.

i had forgot about that one.

thanks for believing in me. i dont take it lightly when people put that much faith on who i really am and what ive tried to do here.

your appreciated more than you know,

jim









Quoting 5.25
340+ pips and climbing... steady as she goes
  • #93,660
  • Edited 4:24pm Apr 14, 2011 3:56pm | Edited 4:24pm
everyone look at this. this could be "Played" a thousand different ways but whats impressive is the logical thought pattern around the trouble areas. this is trading with knowledge and common sense. it is not trading with blind hope which is the way 99 percent of all traders trade.

i had a discussion with a broker friend of mine last week that owns a brokerage firm outright. its a small firm.

his firm does futures and commodity trading. i am going to quote him.

"Jim as a firm since 1/1/07 we have 3 clients starting from that date until now that have made a profit trading.

that doesnt mean 3 total. it means 3 total starting from 1107 and are still with them with the same account. multi year accounts.

im serious folks. 3

that should tell you everything you need to know.
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