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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

  • #95,301
  • May 16, 2011 2:08am May 16, 2011 2:08am
Buob broke through good looking resistance

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Could be a good place to watch for PA or maybe touch trade

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Breakout and retest?

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  • #95,302
  • May 16, 2011 7:00am May 16, 2011 7:00am
Quoting g_j_hook@yah
lmao !!


i might celebrate with you, iv had 6 losses from my last 30 demo tades.

J16 RULES!!!!

jon
That's awesome well done Do you have a public journal would love to look over them?
  • #95,303
  • May 16, 2011 7:54am May 16, 2011 7:54am
GU pairs seem to be creating a lot of space, right now.
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  • #95,304
  • May 16, 2011 8:14am May 16, 2011 8:14am
Quoting Dan-FX
That's awesome well done Do you have a public journal would love to look over them?
yeah im very happy with that, thanx. i dont take them too seriously though. Although i take my demos seriously it is a far cry from having the same performance with a large acount. With my live ac. i took far less trades in the same period ( i cherry pick them before i even open it) but had a slightly higher win rate. demos to me are like forward testing (and my charting package) and i dont employ proper MM or i would be showing off my doubled acount size from this month also lol
when i can do it with a large acount ill be happy.
i plan to start a journal soon but my time with the markets is very sporadic atm.
due to other comitments. will let you know...

jon
PATIENCE... DISCIPLINE
  • #95,305
  • May 16, 2011 8:29am May 16, 2011 8:29am
Quoting Pinbar
GU pairs seem to be creating a lot of space, right now.
Yeah I like us breaking away from the big "box".

I like the 1.6 area a LOT, Major nice clean PPZ and will finally bring us away from a lot of the recent mess that probably ate so many traders up
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  • #95,306
  • May 16, 2011 8:33am May 16, 2011 8:33am
Quoting mbqb11
Yeah I like us breaking away from the big "box".

I like the 1.6 area a LOT, Major nice clean PPZ and will finally bring us away from a lot of the recent mess that probably ate so many traders up
hey "fast hand Mike" i liked the 1.6000, what do you think of that level ??
cheers

jon
PATIENCE... DISCIPLINE
  • #95,307
  • May 16, 2011 8:35am May 16, 2011 8:35am
Quoting g_j_hook@yah
hey "fast hand Mike" i liked the 1.6000, what do you think of that level ??
cheers

jon
Feeling better gotta get my fingers back under me(is that a saying LOL)

Pretty dead day so I wouldn't do much buying back into that selling pressure, But of course your levels to watch are dead on as usual

Best
Mike
  • #95,308
  • May 16, 2011 8:40am May 16, 2011 8:40am
Quoting mbqb11
Feeling better gotta get my fingers back under me(is that a saying LOL)

Pretty dead day so I wouldn't do much buying back into that selling pressure, But of course your levels to watch are dead on as usual

Best
Mike
lol lol
yeah i agree,very slow. im looking hard for a set up here , in fact gonna delete that as the more i look the crappier it gets. that next level up is stronger than i first realized.

glad your back on form buddy. we were begining to miss you!!

jon
PATIENCE... DISCIPLINE
  • #95,309
  • May 16, 2011 9:07am May 16, 2011 9:07am
While it is quiet just wanna post this...
is it me whos just wierd or does anyone else find this beautiful..? lol
the power of PPZs still amazes me, and the simplistic way price sometimes performs aroung them....


jon

EDIT: thats them RNs you talk about Mike, i think you might have something...
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PATIENCE... DISCIPLINE
  • #95,310
  • May 16, 2011 9:12am May 16, 2011 9:12am
Quoting g_j_hook@yah
While it is quiet just wanna post this...
is it me whos just wierd or does anyone else find this beautiful..? lol
the power of PPZs still amazes me, and the simplistic way price sometimes performs aroung them....


jon

EDIT: thats them RNs you talk about Mike, i think you might have something...
Sure is a beautiful thing. Side to side support and resistance as James calls it Plus a clean level like that(RN) = strong stuff

Shows the simplicity of this stuff at the core

Mike
  • #95,311
  • May 16, 2011 10:55am May 16, 2011 10:55am
NZD/USD made an attempt to get below 0.78 but quickly rallied back above the RN PPZ. Anyone else keeping their eye on this pair?
  • #95,312
  • May 16, 2011 11:01am May 16, 2011 11:01am
Heads up to watch the close on daily NZDUSD, potential PB
- off 61% retracement support
- 7800 BRN
- above 7820 resistance turned support
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  • #95,313
  • May 16, 2011 11:05am May 16, 2011 11:05am
Quoting biDc
NZD/USD made an attempt to get below 0.78 but quickly rallied back above the RN PPZ. Anyone else keeping their eye on this pair?
biDc: you beat me by 5 mins, but still 8 hours to close...!
  • #95,314
  • May 16, 2011 11:10am May 16, 2011 11:10am
Quoting kichigai
Heads up to watch the close on daily NZDUSD, potential PB
- off 61% retracement support
- 7800 BRN
- above 7820 resistance turned support
your fibs are upside down.
is there any reason why you didn't take the high/low of the recent move for the fibs?
just curious...

btw the setup looks good (if it closes bullish). but r:r doesn't; with fta at the high of the box and sl below pinbar's low.
meine augen sind die sterne
  • #95,315
  • Edited 11:12am May 16, 2011 11:11am | Edited 11:12am
Quoting kichigai
Heads up to watch the close on daily NZDUSD, potential PB
- off 61% retracement support
- 7800 BRN
- above 7820 resistance turned support
Slightly riskier than I'd normally like, but I saw all that and couldn't resist the hourly pin. Already got stop to BE, so no biggie if it falls back down...
When the going gets weird, the weird turn pro.
  • #95,316
  • May 16, 2011 11:21am May 16, 2011 11:21am
An interesting situation for USD/CHF on Daily

PPZ 0.8930 + TrendLine
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  • #95,317
  • May 16, 2011 12:23pm May 16, 2011 12:23pm
Quoting mbqb11
I like the 1.6 area a LOT, Major nice clean PPZ and will finally bring us away from a lot of the recent mess that probably ate so many traders up
Thats why I don't like tls lol

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  • #95,318
  • May 16, 2011 12:25pm May 16, 2011 12:25pm
Quoting atton
Thats why I don't like tls lol

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Hey Atton

Sorry that is my fault I should have even removed that TL, I was just showing that we are still in some trouble areas, but the 1.6 is a clean clear PPZ flip of side to side resistance.

I only use TLs that are clear as day or part of a larger breakout pattern

Sorry for the confusion

Best
mike
  • #95,319
  • May 16, 2011 12:38pm May 16, 2011 12:38pm
Hey Mike,

no worries mate I just showed why sometimes those tls can be a pain in the chart. But yeah 1.6 is the level atm
  • #95,320
  • May 16, 2011 1:09pm May 16, 2011 1:09pm
I know this has a few hours to go but......assuming it ends up something like this:

Nice BUOB off ppz and 150 EMA. Aiming for the 365 EMA. Is my FTA OK?
Thanks
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