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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

  • #95,081
  • May 9, 2011 9:12am May 9, 2011 9:12am
Nice ride......
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  • #95,082
  • May 9, 2011 9:25am May 9, 2011 9:25am
Quoting Kalbar
Hey

I spotted these ones too but none jumped out as A+ IMHO. However if one of the generous seniors like Mike etc could advise then I would like to hear their opinion on these setups.

Kal
Hey Kal

When I see strength/weakness broadly across multiple correlated markets I'll go in search for the best one for me personally

USD/NOK meets that. So taking the cues from other similar pairs this one is the easiest for me to see visually and MANAGE(more importantly)

Here is a chart to give you guys an idea of what I am looking at(not a trade rec of course)

Best
Mike
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  • #95,083
  • May 9, 2011 9:34am May 9, 2011 9:34am
monitoring patiently
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  • #95,084
  • May 9, 2011 11:30am May 9, 2011 11:30am
I am in this from 1.6279.

A sort of touch trade, i liked the 162500 and MA Clustered. 1h also showing divergence.
I took it because I have seen how powerful these PPZ levels can be. 1st time back to this level too.
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  • #95,085
  • May 9, 2011 12:12pm May 9, 2011 12:12pm
I got into this Silver long trade.
Now is the hardest part, which I call "what should I do now..."

Still moved my SL to BE (although I wanted to have this month only set&forget...)

The reason to take this trade was Daily Location but entry was off H4 BUOB.
I just love the Space formed, but this huge sell off is scary too....

Will try to hold this trade until 40 at least.

Trade management is still #1 problem for me...
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  • #95,086
  • May 9, 2011 1:51pm May 9, 2011 1:51pm
Quoting mbqb11
Here is a chart to give you guys an idea of what I am looking at(not a trade rec of course)

Best
Mike
Check out the bounce on this PPZ!
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  • #95,087
  • May 9, 2011 2:04pm May 9, 2011 2:04pm
is this an IB?
could it be played if it close above 1.43?
thx
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  • #95,088
  • May 9, 2011 2:41pm May 9, 2011 2:41pm
Quoting pex
is this an IB?
could it be played if it close above 1.43?
thx
Yes thats an IB. I would prefer if it closed below 1.43 and short it with the trend.
  • #95,089
  • May 9, 2011 3:01pm May 9, 2011 3:01pm
Hi, again I see nice pinbar to the head trend on daily chart, supported by 1.6300 number, 61,8 fibonanci and short trendline. Probably I will enter with RRR 1:2 What do you think

[IMG]http://img809.imageshack.us/img809/5...holeveltlp.gif
  • #95,090
  • May 9, 2011 3:24pm May 9, 2011 3:24pm
Quoting hooky
Hi, again I see nice pinbar to the head trend on daily chart, supported by 1.6300 number, 61,8 fibonanci and short trendline. Probably I will enter with RRR 1:2 What do you think

[IMG]

Nice bar structure!
But that PPZ looks too strong to trade right against it.
Will pass on this one...
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  • #95,091
  • May 9, 2011 3:32pm May 9, 2011 3:32pm
Quoting Adilius07
I got into this Silver long trade. ...
I'm willing to enter @38.00. Assume there will be price action ahead.
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rise and rise again until lambs become lions
  • #95,092
  • May 9, 2011 3:50pm May 9, 2011 3:50pm
Quoting Black-Swan
I'm willing to enter @38.00. Assume there will be price action ahead.
Yes this 38 is holding for the last 12 hours.
Above it I see a room to move until the next trouble area at 39.
Let's see
  • #95,093
  • May 9, 2011 4:02pm May 9, 2011 4:02pm
eur/chf is coming into a heavy support zone.
will be interesting to see if price holds and retraces from here.
will look for a price action setup on the H4 and D1 here. my dream: a pinbar with a long nose down into fresh ground with a strong close. yummy.
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meine augen sind die sterne
  • #95,094
  • May 9, 2011 6:07pm May 9, 2011 6:07pm
Quoting 5.25
Check out the bounce on this PPZ!
that was a "runner"
  • #95,095
  • May 9, 2011 9:18pm May 9, 2011 9:18pm
Quote
Hi, again I see nice pinbar to the head trend on daily chart, supported by 1.6300 number, 61,8 fibonanci and short trendline. Probably I will enter with RRR 1:2 What do you think


I'll ride that bull if it breaks that first FTA 1,6430 ish.

Buy stop is set!
How bad do you want it? That's the attitude!
  • #95,096
  • May 9, 2011 9:29pm May 9, 2011 9:29pm
EUR/JPY is in a nice spot to go long if PA can develop.
  • #95,097
  • May 9, 2011 11:24pm May 9, 2011 11:24pm
Hi folks,

What kind of returns have you been able to achieve with James' approach on the daily? Anybody here trading this live?

fxt
  • #95,098
  • May 10, 2011 12:11am May 10, 2011 12:11am
Quoting soavesoave
I'll ride that bull if it breaks that first FTA 1,6430 ish.

Buy stop is set!
There are also fibs - well a 61.8 which lines up with the 1.6430 daily PPZ and it has bounced off the 50% On the 4H it's in a box that's finding support near the 50% ret at around 1.6355. A few ways to play this could be to:

Take the break of the PIN long and hope the size of the bar and overall trend etc blasts through the PPZ/61.8

Buy stop above the PPZ/61.8

Wait to see if price breaks through the PPZ/61.8 and come back, retest and confirm.

Take an aggressive retrace entry off a bounce off the lower area of the 4H box - FTA being the PPZ/61.8
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Anything can happen.
  • #95,099
  • May 10, 2011 12:36am May 10, 2011 12:36am
Quoting ddinnov
There are also fibs - well a 61.8 which lines up with the 1.6430 daily PPZ and it has bounced off the 50% On the 4H it's in a box that's finding support near the 50% ret at around 1.6355. A few ways to play this could be to:

Take the break of the PIN long and hope the size of the bar and overall trend etc blasts through the PPZ/61.8

Buy stop above the PPZ/61.8

Wait to see if price breaks through the PPZ/61.8 and come back, retest and confirm.

Take an aggressive retrace entry off a bounce off the lower area of the 4H box - FTA being the...
That was a nice bounce off the Monthly Support level, 1.6265ish. . .We'll see if this Support level is enough to push Price higher.

Nice charts ddinnov.
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Indicators show the past. Price Action "Indicates" the future.
  • #95,100
  • May 10, 2011 12:38am May 10, 2011 12:38am
Quoting jarroo
That was a nice bounce off the Monthly Support level, 1.6265ish. . .We'll see if this Support level is enough to push Price higher.

Nice charts ddinnov.

I lurve the smell of PPZ in the mornin!

Thanks mate
Anything can happen.
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