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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

  • #96,941
  • Jun 20, 2011 5:07am Jun 20, 2011 5:07am
Is this the best link to a summary of this thread, or can one of the more experienced traders direct me to other areas of importance? I'm sorry, but I really don't have the time to read everything. You have Bemac to thank for the question above. Thank you.

http://www.forexfactory.com/showthre...99#post2585699

KR

p.s. Happy Birthday J16 thread.

dba,ccj,fxi,sjt,gbp,eur - recent trades
  • #96,942
  • Jun 20, 2011 5:19am Jun 20, 2011 5:19am
Quoting Knight Rider
Is this the best link to a summary of this thread, or can one of the more experienced traders direct me to other areas of importance? I'm sorry, but I really don't have the time to read everything. You have Bemac to thank for the question above. Thank you.

http://www.forexfactory.com/showthre...99#post2585699

KR

p.s. Happy Birthday J16 thread.

dba,ccj,fxi,sjt,gbp,eur - recent trades
Hi ya Knight Rider..

Actually the first page of the thread where James16 has put in all the links at the bottom of that post 1 are all important and should give you most of what you need to get going, also that link you posted is actually the first link in all those links James16 put in post 1 so your not missing out on those great links as well!

Cheers,
Adrian
  • #96,943
  • Jun 20, 2011 5:25am Jun 20, 2011 5:25am
Any other links that might be helpful? I can see James (or Jim) has much respect from a great many of you.

Thank you Adrian.

The most advertised depression/slump in the world. Au contrarian, where art thou...
  • #96,944
  • Jun 20, 2011 5:28am Jun 20, 2011 5:28am
Quoting Knight Rider
Is this the best link to a summary of this thread, or can one of the more experienced traders direct me to other areas of importance? I'm sorry, but I really don't have the time to read everything...
Knight Rider was my favorite, back in the 80's

like Sir Adrian said, post #1.
i believe the link u posted is a part of post #1.

it's a toss up between your priorities: when something is important, one always makes & finds time.
learning curve is a big factor too, IMHO.

Good luck.... hope to see more posts from u soon
  • #96,945
  • Jun 20, 2011 5:33am Jun 20, 2011 5:33am
Quoting aarangio
Hi ya Knight Rider..

Actually the first page of the thread where James16 has put in all the links at the bottom of that post 1 are all important and should give you most of what you need to get going, also that link you posted is actually the first link in all those links James16 put in post 1 so your not missing out on those great links as well!

Cheers,
Adrian
In wishing to contribute, I would also suggest Toby Crabel has a few good pointers some people may wish to consider today.

Is this the most refined link?
  • #96,946
  • Jun 20, 2011 5:43am Jun 20, 2011 5:43am
Quoting Knight Rider
In wishing to contribute, I would also suggest Toby Crabel has a few good pointers some people may wish to consider today.

Is this the most refined link?
Hi ya Knight Rider

If you wanted to follow one link you could say yes for the one in your post but all the links in the first post will only take you an extra 15 - 30mins to read as I feel they have that little bit extra to read that is important, and then just read through the thread from where everyone is at at the moment in the thread and that should bring you up to speed as James16 mentions....

One thing you want to remember is there is no short cuts in this business as you will find from most all the professional traders in here...it is a long hard slog with up days and completely demoralizing days so it's best to start there and take your time going through the thread when you have time as it is well worth it as you will be getting taught by some of the best in here..

Cheers,
Adrian
  • #96,947
  • Jun 20, 2011 6:11am Jun 20, 2011 6:11am
Quoting aarangio
Hi ya Knight Rider

If you wanted to follow one link you could say yes for the one in your post but all the links in the first post will only take you an extra 15 - 30mins to read as I feel they have that little bit extra to read that is important, and then just read through the thread from where everyone is at at the moment in the thread and that should bring you up to speed as James16 mentions....

One thing you want to remember is there is no short cuts in this business as you will find from most all the professional traders in here...it is...
Okay, (with humility) I will succumb to your advice.

I had a similar experience with a golfer a number of years ago. I still know that bar steward.
  • #96,948
  • Jun 20, 2011 6:23am Jun 20, 2011 6:23am
Order is set, waiting now...
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  • #96,949
  • Jun 20, 2011 6:33am Jun 20, 2011 6:33am
Quoting Adilius07
Order is set, waiting now...

Why the 3 hour?

(long ved, long rio)
  • #96,950
  • Jun 20, 2011 6:39am Jun 20, 2011 6:39am
Quoting Knight Rider
Why the 3 hour?

(long ved, long rio)
Looks good to me, why not
  • #96,951
  • Jun 20, 2011 6:43am Jun 20, 2011 6:43am
Quoting Knight Rider
Okay, (with humility) I will succumb to your advice.

I had a similar experience with a golfer a number of years ago. I still know that bar steward.
Hi ya Knight Rider..

Not sure of how much experience you have in trading but here are a couple of links that I feel are very useful..

1. Link to all the PA abbreviations required while going through this thread: http://www.forexfactory.com/showthre...40#post4538540

2. Link to video's explaining trading scenarios and what to look for in PA: http://www.james16group.us/Guests/guestmaterial.html

Hope this helps you in some way!

Cheers,
Adrian
  • #96,952
  • Jun 20, 2011 7:10am Jun 20, 2011 7:10am
Quoting aarangio
Hi ya Knight Rider..

Not sure of how much experience you have in trading but here are a couple of links that I feel are very useful..

1. Link to all the PA abbreviations required while going through this thread: http://www.forexfactory.com/showthre...40#post4538540

2. Link to video's explaining trading scenarios and what to look for in PA: http://www.james16group.us/Guests/guestmaterial.html

Hope this helps you in some way!

Cheers,
Adrian
I'll look at this. Thank you Adrian (and sc).
  • #96,953
  • Jun 20, 2011 7:16am Jun 20, 2011 7:16am
Quoting Adilius07
Looks good to me, why not

....."And, there are those who like to tattoo themselves, put studs in their tongues and rings through their lips, and not buy the strongest markets or sell the weakest ones".

Sorry, only kidding. I just wondered why you chose the 3 hour. You are correct though; the set up did look good, didn't it?
  • #96,954
  • Jun 20, 2011 7:39am Jun 20, 2011 7:39am
Quoting Knight Rider
....."And, there are those who like to tattoo themselves, put studs in their tongues and rings through their lips, and not buy the strongest markets or sell the weakest ones".

Sorry, only kidding. I just wondered why you chose the 3 hour. You are correct though; the set up did look good, didn't it?
I chose H3 because the Price Action which I see on it at the moment is fully in compliance with the rules of engagement that I have for myself
  • #96,955
  • Jun 20, 2011 9:50am Jun 20, 2011 9:50am
Quoting Adilius07
I chose H3 because the Price Action which I see on it at the moment is fully in compliance with the rules of engagement that I have for myself
Okay.
  • #96,956
  • Jun 20, 2011 12:04pm Jun 20, 2011 12:04pm
On mobile again so can't post chart.

Look at the pin bar that just closed at 1pm eastern time, 4h GBPUSD.

Thoughts??

To me. 6215 is a good horizontal resistance. The pin is good.
But, what I always hold off on with this type of setup is that cluster of about 14 bars to the left which price will have to fight through to get lower.

I usually only trade the first time back type of setups and is why I'll pass on this, but man sometimes I question my pickiness.
  • #96,957
  • Jun 20, 2011 12:07pm Jun 20, 2011 12:07pm
Yawny day..
but something im watching on the sidelines...
AudUsd:1.05BRN..
AudJpy:same pattern..but non-RN..
BEOB or TT..mostly would like to see a BEOB..with break of Horizontal TL..
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  • #96,958
  • Jun 20, 2011 12:08pm Jun 20, 2011 12:08pm
Quoting crusen
On mobile again so can't post chart.

Look at the pin bar that just closed at 1pm eastern time, 4h GBPUSD.

Thoughts??

To me. 6215 is a good horizontal resistance. The pin is good.
But, what I always hold off on with this type of setup is that cluster of about 14 bars to the left which price will have to fight through to get lower.

I usually only trade the first time back type of setups and is why I'll pass on this, but man sometimes I question my pickiness.
Yes this is a good example of trading back into traffic. Unless the location is solid enough this can be tricky. You are sitting on top of a box which has proven to be a supply/demand tug of war. Overall gbp/usd has been pretty choppy but the middle point of this box could easily bounce price. So managing it becomes a bit tougher in these situations. With it being afternoon already that just adds to the choppiness that tends to occur late in the day.


Best
Mike
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  • #96,959
  • Jun 20, 2011 12:13pm Jun 20, 2011 12:13pm
Quoting crusen
On mobile again so can't post chart.

Look at the pin bar that just closed at 1pm eastern time, 4h GBPUSD.

Thoughts??

To me. 6215 is a good horizontal resistance. The pin is good.
But, what I always hold off on with this type of setup is that cluster of about 14 bars to the left which price will have to fight through to get lower.

I usually only trade the first time back type of setups and is why I'll pass on this, but man sometimes I question my pickiness.
Hi Crusen,

In my opinion I think you are right, the Price is in a very tight channel here, thus no room to move (lots of potential trouble areas).

EDIT: oops sorry didn't see the reply
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  • #96,960
  • Jun 20, 2011 12:46pm Jun 20, 2011 12:46pm
Quoting crusen
On mobile again so can't post chart.

Look at the pin bar that just closed at 1pm eastern time, 4h GBPUSD.

Thoughts??

To me. 6215 is a good horizontal resistance. The pin is good.
But, what I always hold off on with this type of setup is that cluster of about 14 bars to the left which price will have to fight through to get lower.

I usually only trade the first time back type of setups and is why I'll pass on this, but man sometimes I question my pickiness.

Been keeping an eye on this one. Wish the pa had come at a time when it was in a more defined area without all of the other bars detracting from it. This is my chart that I posted yesterday at about 5 but updated. Seems like the market is still respecting the wedge formation. Very likely going to pass on this one and see if something else comes about.
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