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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

  • #94,841
  • May 4, 2011 7:33am May 4, 2011 7:33am
here is my silver trade today. lets see if the silver gods will reward me today
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  • #94,842
  • May 4, 2011 7:43am May 4, 2011 7:43am
Quoting aserbfx
+50 pips so far. ready to move stop to break even.
Hello Aser

Where did you enter? How did you enter? I think you play pure breakouts, right? You enter when price breaches a certain level?
If you've already posted this, sorry, I didn't see it.
  • #94,843
  • May 4, 2011 8:01am May 4, 2011 8:01am
Quoting crusen
Hello Aser

Where did you enter? How did you enter? I think you play pure breakouts, right? You enter when price breaches a certain level?
If you've already posted this, sorry, I didn't see it.
i entered when i saw that it broke out of the rectangle. was about 1.3660. hth
meine augen sind die sterne
  • #94,844
  • May 4, 2011 8:25am May 4, 2011 8:25am
Quoting PhAnTi'


alles Geld nach Deutschland ! gogo!

yes, for you, too!
**************

will take a look at dell today. above 16 usd. still 2% till the ppz. maybe a little to much for today. we'll see...
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meine augen sind die sterne
  • #94,845
  • May 4, 2011 8:32am May 4, 2011 8:32am
Quoting aserbfx
...
will take a look at dell today. above 16 usd. still 2% till the ppz. maybe a little to much for today. we'll see...
when markets are volatile, more often than not, we get much less than what is offered.
  • #94,846
  • May 4, 2011 8:42am May 4, 2011 8:42am
Quoting antgal23
Hi folks

took a 1hr PB entering at 1.6465 with a SL at 1.6415. TP at 1.6580.

Any thoughts?
Be careful here Ant though

Notice how small that pinbar is and the nose doesn't protrude far away as James teaches.

Also right above you was the 1.650 and that is something I would never ignore, you can see that huge reaction off there before the next move up. This could have easily come down under your pin after that.

Just something to watch for the future

Take care
Mike
  • #94,847
  • May 4, 2011 8:48am May 4, 2011 8:48am
Quoting mission
Hi guys, any takers on this PB at BRN??
Hey M

I just threw this chart up in the PF with my take on it
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  • #94,848
  • May 4, 2011 9:15am May 4, 2011 9:15am
that trade should have been a break even!

Quoting mbqb11
Be careful here Ant though

Notice how small that pinbar is and the nose doesn't protrude far away as James teaches.

Also right above you was the 1.650 and that is something I would never ignore, you can see that huge reaction off there before the next move up. This could have easily come down under your pin after that.

Just something to watch for the future

Take care
Mike
  • #94,849
  • May 4, 2011 9:54am May 4, 2011 9:54am
Quoting aserbfx
+50 pips so far. ready to move stop to break even.
i closed this trade at 1.3780. about +120 pips.
meine augen sind die sterne
  • #94,850
  • May 4, 2011 10:24am May 4, 2011 10:24am
thanks for the comments Mike, could have gone both ways

i know u are a big fan of BRNs but I am more of a location man
  • #94,851
  • May 4, 2011 10:24am May 4, 2011 10:24am
Quoting john225
What do you guys think about the two continue BUOBs? Booth are looking the same.

Booth are on retest of an old Resistance and formed a nice BUOB. Booth ate on all time high now so no trouble areas except BRNs.

Happy holidays to all ;-)
BASF worked out nice Linde closed for me at BE
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  • #94,852
  • May 4, 2011 10:29am May 4, 2011 10:29am
yeah, got to BE at 1.6571, wanted to close 2/3s at 1.6580 , watched it go back to BRN to get more money on board, now waiting for it to go for 1.66
  • #94,853
  • May 4, 2011 11:29am May 4, 2011 11:29am
Quoting aserbfx
i closed this trade at 1.3780. about +120 pips.
Alright wait...letme guess...u took this pure breakout based on volume right?
i have pointed with arrows..the volumes started increasing n with a confident close above 1.3660 u entered the trade..am i right?
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  • #94,854
  • May 4, 2011 11:36am May 4, 2011 11:36am
Quoting AvanishDemo
Alright wait...letme guess...u took this pure breakout based on volume right?
i have pointed with arrows..the volumes started increasing n with a confident close above 1.3660 u entered the trade..am i right?
no
sorry, i hardly watch volume on fx. i does make sense for the smaller tf (below m30) and for d1, but not in between and for stocks of course.
it was just a normal breakout.
meine augen sind die sterne
  • #94,855
  • May 4, 2011 12:28pm May 4, 2011 12:28pm
Quoting plund
If anyone wants to go short in this stock market, here is a candidate.
Beob, double top, macd divergence, some space to move.

Attachment

pat
50 % off, rest be.

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  • #94,856
  • May 4, 2011 12:53pm May 4, 2011 12:53pm
I guess this is a possible short opportunity on break out for the next day or so...
Or even a bounce back up.
weekly on down trend.
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How bad do you want it? That's the attitude!
  • #94,857
  • May 4, 2011 1:07pm May 4, 2011 1:07pm
What do you guys think about my thoughts on Italian stock Exor.

For me its an A+ Trade because:

 

  1. A good looking BEOB with Divergence
  2. The BEOB has many space to the left
  3. And the BEOB is off the 25 BRN

;-)

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  • #94,858
  • May 4, 2011 1:16pm May 4, 2011 1:16pm
Quote
What do you guys think about my thoughts on Italian stock Exor.

For me its an A+ Trade because:

  1. A good looking BEOB with Divergence
  2. The BEOB has many space to the left
  3. And the BEOB is off the 25 BRN

~

Looks good to me too!!
How bad do you want it? That's the attitude!
  • #94,859
  • May 4, 2011 1:17pm May 4, 2011 1:17pm
Quoting john225
What do you guys think about my thoughts on Italian stock Exor.

For me its an A+ Trade because:

 

  1. A good looking BEOB with Divergence
  2. The BEOB has many space to the left
  3. And the BEOB is off the 25 BRN

;-)


Cool John, I like the looks of how that is forming. Just being aware of a strong uptrend with trade mgmt though

Best
Mike
  • #94,860
  • May 4, 2011 1:26pm May 4, 2011 1:26pm
Quoting mbqb11
Cool John, I like the looks of how that is forming. Just being aware of a strong uptrend with trade mgmt though

Best
Mike
Ok thanks
So you would say that the BEOB is to small against the uptrend?
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