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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

  • #97,621
  • Jun 30, 2011 1:52am Jun 30, 2011 1:52am
Hello All. Thus far only on p.34 of this thread. What an amazing piece of work. I am very excited to get deeper into this and see how far the rabbit hole actually goes... I choose the Red Pill!
  • #97,622
  • Jun 30, 2011 3:48am Jun 30, 2011 3:48am
Hey Kevin

Welcome to the thread..........its a great place but moves as fast as a bunny running for its life! (sometimes). Ask away as the people here are very helpful and some of(if not THE) best on the whole of FF.

best

Kal
  • #97,623
  • Jun 30, 2011 3:51am Jun 30, 2011 3:51am
Quoting Kalbar
Hey Kevin

Ask away as the people here are very helpful and some of(if not THE) best on the whole of FF.

best

Kal
I am already sensing that!
  • #97,624
  • Jun 30, 2011 4:35am Jun 30, 2011 4:35am
Nice BEOB...but where is the FTA?
I am very bad at identifing FTAs....
Isnt RN not too close?
Thanks
Monika
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  • #97,625
  • Jun 30, 2011 5:43am Jun 30, 2011 5:43am
waiting for close..
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  • #97,626
  • Jun 30, 2011 5:59am Jun 30, 2011 5:59am
today is end of month, so London fixing incoming; don't know how much sense makes opening in the next hours...

that being said, I've went long at .971 and .967, but who knows what will get out of it. Wouldn't mind buying some more lower down.

People are very happy nowdays; I say they're up for a rough awakening... can kicking and actually solving something are 2 very different things.
  • #97,627
  • Jun 30, 2011 6:30am Jun 30, 2011 6:30am
Quoting 5.25
Hey B

The IB is not a signal to go long. Generally, it tells me that price has stalled before making another move. As for the direction, indeed I was hoping it would go long as it had space to move and broke the 1.600 level. But it didn't.

I was not going to go short and trade back into traffic. It happens, I don't feel bad, nothing got triggered.

Remember, It's where your PA signal sits in the 'story' that's key. It validates your entry, not that anything is guaranteed.

Here's one that did work out. FTA met
Hey 5.25, missed your reply last night, just catching up now. thanks for your detailed post, clear now. Think i'll stay clear of IB's for the time being. Of course it's all about the story with confluence. Cheers
Free speech is an oxymoron
  • #97,628
  • Jun 30, 2011 6:31am Jun 30, 2011 6:31am
Quoting mrhb30jr
Hi Mike

Updated of EUCHF .... pull back from the major support 1.1790 area now waiting for next confirmation movement,

Hi mike,
Would you please advise any possibility that PA to be going back to 1.24xx?? or going back to the major support ???

on 240 M TF PA close at the minor resistance state IB and PB look nice to re testing the support, would you please advise Mike??

Thanks and Regards,
Maxy
'
Hey Maxy

I would be watching now as we break this longer term descending TL around the BRN of l.2. So if we can start to close outside this and then pullback to the BRN I would watch this area closely for PA for possible longs. We could start to work our way higher if this area holds as support. So I would like to see how we act on a pullback to that area

Best
Mike
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  • #97,629
  • Jun 30, 2011 6:34am Jun 30, 2011 6:34am
Quoting Panthera
Nice BEOB...but where is the FTA?
I am very bad at identifing FTAs....
Isnt RN not too close?
Thanks
Monika
Hey Monika

I know this one didn't break, but I thought I would show a different 4hr close of a beob that did break and why it did what it did

Mike
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  • #97,630
  • Jun 30, 2011 6:55am Jun 30, 2011 6:55am
someone has to be the master of obvious, I suppose. That being said, didn't take it - except for news, I avoid this pair like a plague lately.

and a weird news - http://www.zerohedge.com/article/mor...est-early-2009
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  • #97,631
  • Jun 30, 2011 7:22am Jun 30, 2011 7:22am
Quoting Panthera
Nice BEOB...but where is the FTA?
I am very bad at identifing FTAs....
Isnt RN not too close?
Hello lovely M,
think of FTAs as either a road hump/pothole or a wall:
if it's a pothole/road hump, a car can get some (minor/major) trouble in/with it but the car will/may be able to pass through it.
if it's a wall, & u ram your head into it, then your head will ache or u will go

now are u ready & able to identify FTAs? (dont forget to categorize them as humps or walls)
[& dont forget that FTAs are S/R's or PPZs --- zones --- too]

(to answer your question... yes, the chart's FTA is very close)
  • #97,632
  • Jun 30, 2011 8:13am Jun 30, 2011 8:13am
Thanks Mike, I will download other platforms too, may it help me find FTAs and understand the market better.
On your pictures always everything seems so obvious to me.......not as on mine...:nerd:, I will try to think simple....

Hi SC!

Driving....
Now I know why I am bad at finding FTAs....
I failed 3 times on my driving exam ...Got a car and after gave back it to my parents bc I was dangerous.....
But wont give up....you will see....one day I will drive again...
Loved your comparison...and got the point!
Monika
  • #97,633
  • Jun 30, 2011 8:31am Jun 30, 2011 8:31am
Quoting Panthera
Thanks Mike...
Driving....
Now I know why I am bad at finding FTAs....
I failed 3 times on my driving exam ...Got a car and after gave back it to my parents bc I was dangerous.....
But wont give up....you will see....one day I will drive again...
Loved your comparison...and got the point!
Monika
well, generally women are spatially challenged. (but they dont get lost when shopping in a department store )
but dont let that thought make u
if u continue trading/practice, your driving will also improved... & if that happens, i wanna sit next to the driver.
  • #97,634
  • Jun 30, 2011 8:56am Jun 30, 2011 8:56am
Quoting mbqb11
'
Hey Maxy

I would be watching now as we break this longer term descending TL around the BRN of l.2. So if we can start to close outside this and then pullback to the BRN I would watch this area closely for PA for possible longs. We could start to work our way higher if this area holds as support. So I would like to see how we act on a pullback to that area

Best
Mike
Sorry for asking but arent we now testing that tl ?
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  • #97,635
  • Jun 30, 2011 9:12am Jun 30, 2011 9:12am
Come on Baby!
I think it is time to switch to the Monthly TF on all our charts.
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  • #97,636
  • Jun 30, 2011 9:12am Jun 30, 2011 9:12am
Quoting Adilius07
Well, this one looks like as it will hit the BRN "for sure"...
What do you thik?

EDIT: Oh technically that is not a BUOB, looked so but when I zoomed... 4 pip difference, so could it be a DBLHC setup maybe..
hit BRN
  • #97,637
  • Jun 30, 2011 9:18am Jun 30, 2011 9:18am
Quoting Pinbar
Come on Baby!
I think it is time to switch to the Monthly TF on all our charts.
and on the weekly a DBLHC ?
  • #97,638
  • Jun 30, 2011 9:24am Jun 30, 2011 9:24am
Quoting huskyboy
and on the weekly a DBLHC ?
I know, nice isn't it when we get a monthly and weekly in the same direction.
However, the weekly bar unlike the Monthly bar will not close today.
  • #97,639
  • Jun 30, 2011 9:24am Jun 30, 2011 9:24am
Quoting huskyboy
Sorry for asking but arent we now testing that tl ?
Hey Husky

If you look at my line you can see it hitting more concrete points to me making it more accurate

Of course that is just in my opinion

Best
Mike
  • #97,640
  • Jun 30, 2011 9:27am Jun 30, 2011 9:27am
another one, are here all the conditions like they should be, shape fine, at swing low and about space ?
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