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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

  • #96,841
  • Jun 17, 2011 9:29am Jun 17, 2011 9:29am
Just want to chime in an say this wonderful thread is the best thing in the whole of forex learning! Great people, support, encouragement and it does not cost a thin dime....only time.

James, Mike, Jarroo, SC.....etc I salute you!!

Kal
  • #96,842
  • Jun 17, 2011 9:50am Jun 17, 2011 9:50am
Given that friday afternoon is poor in liquidity and it is useless to trade, I am preparing the possible shots for next week.

On EURCAD there is Pin forming on the weekly. Of course this is subject to the pin closing as it is.

The good points first:

- with the main trend (even if we are reaching the top of if)
- closing (still pending) above BRN 1.4000
- Confluence with Fibo

The bad points:

- BRN 1.41000 is pips above. This could be countered by entering 10-15pips above it
- Not much space to run

There is an oubvious FTA at 1.4300.
This is not a A+ in my book, but it is tradable with tight management.

Did I miss something important here?
Would be very happy if any senior member could give me their feeling on this one.

Cheers
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  • #96,843
  • Jun 17, 2011 9:51am Jun 17, 2011 9:51am
Quoting Kalbar
Just want to chime in an say this wonderful thread is the best thing in the whole of forex learning! Great people, support, encouragement and it does not cost a thin dime....only time.

James, Mike, Jarroo, SC.....etc I salute you!!

Kal
Yes, they are really good man.
----------------------------- Discipline makes the difference.
  • #96,844
  • Edited 10:08am Jun 17, 2011 9:51am | Edited 10:08am
maybe a war was won... no sure yet; watching from the sidelines for a retest at 1.04.

that being said there isn't a whole lotta room and spread is considerable. On the other hand, it's friday afternoon.


p.s. - 2nd one - small pin, correct location(and it's still friday afternoon and if you don't close till the end, you'll be carried into sunday open with sydney where nzd can be volatile). So... if it won't close at the middle of the 80-81 box, personally I'll put it at be for a peaceful rest sunday night.
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  • #96,845
  • Jun 17, 2011 9:59am Jun 17, 2011 9:59am
Quoting triger88990
I know today is a special one for the james16 thread couln't forget that

it's a double party turning 25 today myself, already feel much more older

Happy birthday

now off need to celebrate

all the best!
HAPPY BIRTHDAY TRIG MY FRIEND!!!

wish you quite a few more 25s
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I believe . . .
  • #96,846
  • Jun 17, 2011 10:27am Jun 17, 2011 10:27am
I've just noticed I'm sharing a few birthdays with you guys. 17th really is a great day - happy birthday
Free speech is an oxymoron
  • #96,847
  • Jun 17, 2011 10:47am Jun 17, 2011 10:47am
Quoting Banzaisky
I've just noticed I'm sharing a few birthdays with you guys. 17th really is a great day - happy birthday
Happy birthday to you too B
  • #96,848
  • Jun 17, 2011 10:51am Jun 17, 2011 10:51am
1/2 position taken profit at current FTA. stop moved to BE!
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  • #96,849
  • Jun 17, 2011 10:57am Jun 17, 2011 10:57am
Quoting mbqb11
Happy birthday to you too B
Cheers Mike
Free speech is an oxymoron
  • #96,850
  • Jun 17, 2011 11:24am Jun 17, 2011 11:24am
Quoting Banzaisky
I've just noticed I'm sharing a few birthdays with you guys. 17th really is a great day - happy birthday
you too?
cool! happy birthday
  • #96,851
  • Jun 17, 2011 11:32am Jun 17, 2011 11:32am
Wow. Now all the boys are looking forward to September 17th.
Must be a big Night on the calendar.

Happy Birthday you guys. Have Fun & Stay Safe.



B
  • #96,852
  • Jun 17, 2011 11:39am Jun 17, 2011 11:39am
Quoting supremeChaos
you too?
cool! happy birthday
Yep me too - Cheers Supreme
Free speech is an oxymoron
  • #96,853
  • Jun 17, 2011 12:10pm Jun 17, 2011 12:10pm
Quoting biDc
1/2 position taken profit at current FTA. stop moved to BE!
Great trade. Wish I were along for the ride!
  • #96,854
  • Jun 17, 2011 12:11pm Jun 17, 2011 12:11pm
Happy Birhtday to you guys and a very good weekend to you all!
Monika
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  • #96,855
  • Jun 17, 2011 12:35pm Jun 17, 2011 12:35pm
Quoting Panthera
Happy Birhtday to you guys and a very good weekend to you all!
Monika
Panthera. Had a De Tomaso back in the 70's but it didn't {pardon my french} drop my bag as much as the Espada. Did have a bunch o' nuts tho.

B
  • #96,856
  • Jun 17, 2011 1:04pm Jun 17, 2011 1:04pm
Hopped on this one last night. First trade initiated in June... S/L initially over the high of the I4B, already moved it down after price found resistance off the 8500, I'm doubting it will have the steam to get below the red trendline.
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Many choose unhappiness over uncertainty.
  • #96,857
  • Jun 17, 2011 2:02pm Jun 17, 2011 2:02pm
im always honored and blessed by these comments.

thank you,

jim

Quoting Kalbar
Just want to chime in an say this wonderful thread is the best thing in the whole of forex learning! Great people, support, encouragement and it does not cost a thin dime....only time.

James, Mike, Jarroo, SC.....etc I salute you!!

Kal
  • #96,858
  • Jun 17, 2011 2:07pm Jun 17, 2011 2:07pm
still took off.

not unusual. it is what it is and when you have a nice bar it often times
ignores even the strongest of obstacles.

thats a key reason why the material works.

when everything is lined (this wasnt) up its hard to lose if you are practiced and accomplished with the method.

Quoting james16
CHART
  • #96,859
  • Jun 17, 2011 2:08pm Jun 17, 2011 2:08pm
always blows me away. has for 6 years. i never get tired of new faces finding a little light in a dark dark "world".

Quoting Chelski
Daily Pinbar has broken nicely, and bang into FTA, This stuff rocks, Cheers J16 and co. knowing where this trade was heading made my exit easy.
  • #96,860
  • Jun 17, 2011 2:14pm Jun 17, 2011 2:14pm
no im hot.

im old, fat and ready for my summer pilgrimage out of the north texas broiler.

i can literally taste the cool mountain air and it wont be long before my wheels are headed that way.




Quoting mbqb11
happy birthday to you Trig



and this fantastic thread that James created. That guy is cool
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