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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

  • #95,901
  • Jun 2, 2011 1:25am Jun 2, 2011 1:25am
Quoting trader3000
anybody in this trade?
I do. It looks good.
  • #95,902
  • Jun 2, 2011 1:32am Jun 2, 2011 1:32am
Quoting trader3000
anybody in this trade?
Not a trade I spotted, so demo only.
  • #95,903
  • Jun 2, 2011 2:53am Jun 2, 2011 2:53am
nice buob forming on gbp/usd don't you think?
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  • #95,904
  • Jun 2, 2011 3:01am Jun 2, 2011 3:01am
I am not expert but would be awared of 1,64.
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  • #95,905
  • Jun 2, 2011 3:11am Jun 2, 2011 3:11am
Quoting jc.
nice buob forming on gbp/usd don't you think?
Yeah i like it too. My FTA would be a little bit closer than yours but everyone has his own style ;-)
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  • #95,906
  • Jun 2, 2011 3:13am Jun 2, 2011 3:13am
Quoting Panthera
I am not expert but would be awared of 1,64.
your right and i noticed it coincides with 50% fib level
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  • #95,907
  • Jun 2, 2011 3:21am Jun 2, 2011 3:21am
Quoting joelcf
I'd skip the fibs - they are just noise, and add too many meaningless lines to your chart. Aside from that, looks perfect to me - direction, location, setup.



Excellent reasoning. Basing your stops on market action, rather than arbitary pips/percentages is definitely the right way to go about it.

Very methodical approach all around - I like it

Thank you very much for your feedback!
  • #95,908
  • Jun 2, 2011 3:22am Jun 2, 2011 3:22am
It does not mean it is a bad trade just have to keep an eye on that level.
Or enter if it breaks.
I am just waching to shy to enter.
Mónika
  • #95,909
  • Jun 2, 2011 4:02am Jun 2, 2011 4:02am
Quoting jc.
nice buob forming on gbp/usd don't you think?
The problem with this trade is entry in the middle of nowhere. Price touched strong confluenced 1.6300 lvl almost to the pip and entering on the break with stop just under the bar low is not efficient imo. I would rather see that bar lower, breaking through the 1.6300 giving us better more space to upside..... Just my 2c.
  • #95,910
  • Jun 2, 2011 4:37am Jun 2, 2011 4:37am
I liked the support on 1.63 it was a weekly bar high we retested. Also a fib level from Last weeks run up. However the trade on 4h was always heading into resistance at 1.6410 ish.
I played it for that level. Now look at at! I guess it comes down to style and trade management. I never expected a runner given the last few days but liked the set up for me.
  • #95,911
  • Jun 2, 2011 4:50am Jun 2, 2011 4:50am
Quoting Greenhaze
The problem with this trade is entry in the middle of nowhere. Price touched strong confluenced 1.6300 lvl almost to the pip and entering on the break with stop just under the bar low is not efficient imo. I would rather see that bar lower, breaking through the 1.6300 giving us better more space to upside..... Just my 2c.
i agree with you.. i've not traded it.. all those resistences make me feel uncomfortable
  • #95,912
  • Jun 2, 2011 5:34am Jun 2, 2011 5:34am
TP hit!(in yellow)
short-quick profit

no worries about unattractive R:R
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  • #95,913
  • Jun 2, 2011 5:47am Jun 2, 2011 5:47am
so, finally got green lights from the doctors yesterday for my trip to india.
will be off from tomorrow for three weeks.
have a good time so long....

-----------------------------------

hope to be able to board my train...
Attached Image
meine augen sind die sterne
  • #95,914
  • Jun 2, 2011 6:13am Jun 2, 2011 6:13am
Quoting AvanishDemo
TP hit!(in yellow)
short-quick profit

no worries about unattractive R:R
your braver than me!
  • #95,915
  • Jun 2, 2011 6:13am Jun 2, 2011 6:13am
Have a nice trip aser and take care

Viel spaß ;-)
  • #95,916
  • Jun 2, 2011 6:15am Jun 2, 2011 6:15am
Quoting AvanishDemo
TP hit!(in yellow)
short-quick profit

no worries about unattractive R:R
Nice work, i took the same trade!
  • #95,917
  • Jun 2, 2011 6:19am Jun 2, 2011 6:19am
Quoting aserbfx
so, finally got green lights from the doctors yesterday for my trip to india.
will be off from tomorrow for three weeks.
have a good time so long....

-----------------------------------

hope to be able to board my train...
good luck!!
  • #95,918
  • Jun 2, 2011 6:25am Jun 2, 2011 6:25am
Quoting aserbfx
so, finally got green lights from the doctors yesterday for my trip to india....
hope to be able to board my train...
no worries, hop on above the train -- it got tons of space
have a safe trip
  • #95,919
  • Jun 2, 2011 6:28am Jun 2, 2011 6:28am
Hi Avanish!
Yours looks great, you probably have different servertime.Your candle closed one hour earlier...
So your RR was fine.
Great job!
M
  • #95,920
  • Jun 2, 2011 6:29am Jun 2, 2011 6:29am
Quoting supremeChaos
no worries, hop on above the train -- it got tons of space
have a safe trip
hahaha, are you used to this from the philippines? sounds like this...
otherwise the emergency window has no bars (better so...). one more possibility...
meine augen sind die sterne
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