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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

  • #98,921
  • Jul 19, 2011 4:18pm Jul 19, 2011 4:18pm
Quoting snowly
they're free money... how can anyone hate gaps? did my weekly % just on sunday evening gaps(and with luck I'll even take 2 days off)

I don't really hate the gaps . . . . its kind of a inside joke to those that know my style of trading . .where I use the Close of Price in my levels and how they relate . .above or below . .to key levels in the market.

I understand the gap trade strategy and use it from time to time.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #98,922
  • Jul 19, 2011 5:13pm Jul 19, 2011 5:13pm
Quoting jarroo
Hey AD . .another thing cool about these levels is that if they don't act as Resistance ....
Quoting mbqb11
hey C .... Yes those 3 bar highs where my blue box is, would be the FTA....
Quoting mbqb11
hehe Just posted this in the PF before coming here
Hi Jim/Mike,

Appreciate the posts, enlightening stuff. Mike, could you explain what you mean by 'watching how price reacts here' with your Gold chart? At a guess I'd say you mean to drop down to a lower TF and see if any opposing PA forms, but I'm not sure.

Cheers to you both,
SG
  • #98,923
  • Jul 19, 2011 6:12pm Jul 19, 2011 6:12pm
Quoting Valinn
chart

http://img828.imageshack.us/img828/8896/23090696.gif
What is the thought/teachings of double betting on this thread? I had two signals last night on the G/A and A/U. A G/A sell and A/U buy. I didnt take the A/U cause it wasnt a bullish close candle.

http://img845.imageshack.us/img845/7948/99761636.gif
  • #98,924
  • Jul 19, 2011 6:29pm Jul 19, 2011 6:29pm
Quoting Sgrb1
Hi Jim/Mike,

Appreciate the posts, enlightening stuff. Mike, could you explain what you mean by 'watching how price reacts here' with your Gold chart? At a guess I'd say you mean to drop down to a lower TF and see if any opposing PA forms, but I'm not sure.

Cheers to you both,
SG
Hey SG

I wouldn't necessarily drop down tmieframes, although I have lower ones open on my other computer monitors so it doesn't hurt. If we stall on it too long or price bounces hard I would look to cut out , or GREATLY reduce my stop. For example lets say price retraces a 1/4 of the beob before breaking, once it breaks I would look to move my stop above that retrace point on a trade where a FTA is close or I believe that the FTA is a stronger sticking point. I would even consider taking profit at it. If it breaks and shoots through that area I would look to see if that area could hold as resistance on a retest and then further move my stop down or close out. That's a general idea so I hope it helps

Best
Mike
  • #98,925
  • Jul 19, 2011 6:30pm Jul 19, 2011 6:30pm
Quoting gungriffin
I am right there with you friendo... The only one that really presents any decent PA is EURCAD, but I am not really seeing enough of a story to warrant getting in on this one at a swing low. No big, just looking forward to tomorrow
same thoughts from me. if it was clear swing high than it may have been worth considering as the close is below 1.35 which is great ppz.
Trading is a test match not a Twenty20.
  • #98,926
  • Jul 19, 2011 6:33pm Jul 19, 2011 6:33pm
Quoting Valinn
What is the thought/teachings of double betting on this thread? I had two signals last night on the G/A and A/U. A G/A sell and A/U buy. I didnt take the A/U cause it wasnt a bullish close candle.

Hey V

I myself generally take just the very best one. I don't like to get to tied to one idea/trade. I am never worried about missing trades anymore and doubling my exposure on two very similar trades is something I very rarely do at my risk.

Just how I do it though

Mike
  • #98,927
  • Jul 19, 2011 7:24pm Jul 19, 2011 7:24pm
Quoting mbqb11
Hey Imp

Right now there is not much going on this pair to make sense of. Or what I call just a choppy pair. Now that doesn't mean a great bar won't show up. But in terms of areas of interest, when price gets real choppy I look towards clear important areas to watch for PA. I marked them in blue boxes here

Best
Mike
Thank you Mike and Pin,
Really appreciate you replying to my question. After looking at Pin's charts, line chart is my new friend :-) Looks quite good ( of course I will continue to use candlestick for price action). As shown in Mike's chart, I am still learning which areas/ppzs are more important than others, I guess that will come with practice and screen time.

cheers
  • #98,928
  • Jul 19, 2011 7:34pm Jul 19, 2011 7:34pm
price seems to be finding support on a weekly trendline.

if the daily pinbar hold, there is a lot of space for the trade to run.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDNZD W1.jpg Size: 112 KB
Click to Enlarge Name: AUDNZD D1 TRADE PIN BAR.jpg Size: 134 KB
  • #98,929
  • Jul 19, 2011 8:19pm Jul 19, 2011 8:19pm
A little request for some good vibes and maybe a few prayers.

Im having surgery on thursday. Nothing serious but surgery is surgery.

Ive decided to have a sex change so i can hook up with Bemac. The old fart just turns me on and im gonna do something about it.



seriously though i would appreciate any good vibes i can get headed my way.
  • #98,930
  • Jul 19, 2011 8:29pm Jul 19, 2011 8:29pm
Quoting james16
A little request for some good vibes and maybe a few prayers.

Im having surgery on thursday. Nothing serious but surgery is surgery.

Ive decided to have a sex change so i can hook up with Bemac. The old fart just turns me on and im gonna do something about it.



seriously though i would appreciate any good vibes i can get headed my way.
Hey you prefix, You are only Gay if you are recieving.
LOL
  • #98,931
  • Jul 19, 2011 8:40pm Jul 19, 2011 8:40pm
Quoting james16
A little request for some good vibes and maybe a few prayers.

Im having surgery on thursday. Nothing serious but surgery is surgery.

Ive decided to have a sex change so i can hook up with Bemac. The old fart just turns me on and im gonna do something about it.



seriously though i would appreciate any good vibes i can get headed my way.

all the best my great friend, love you buddy

Mike
  • #98,932
  • Jul 19, 2011 8:42pm Jul 19, 2011 8:42pm
I'm sorry. It was a gutteral comment that was un-called for.

I Can say this though.
All of my Real World friends, of both penchants, got a chuckle. For They Know me & have heard it before.

B
  • #98,933
  • Jul 19, 2011 8:52pm Jul 19, 2011 8:52pm
Quoting decentchap
take profit target hit - trade closed .
I closed half at 1.5035 and have stops at BE on the other half.
Hoping to hold the rest for a break down thru 1.5000.

This was a great confluence trade for me.
Lets find some more.
  • #98,934
  • Jul 19, 2011 9:00pm Jul 19, 2011 9:00pm
Vibe by 100.
See you friday.

Get the Real Estate Thing going!
I want to learn Your methods to pass to my kids.
I'm selfish that way.
"Steve Miller" Time Keeps on Ticken' ....

B
No Hugs Required.
  • #98,935
  • Jul 19, 2011 9:05pm Jul 19, 2011 9:05pm
Quoting james16
A little request for some good vibes and maybe a few prayers.

Im having surgery on thursday. Nothing serious but surgery is surgery.

Ive decided to have a sex change so i can hook up with Bemac. The old fart just turns me on and im gonna do something about it.



seriously though i would appreciate any good vibes i can get headed my way.
All the best James! Hope all is well after the surgery!
  • #98,936
  • Jul 19, 2011 9:42pm Jul 19, 2011 9:42pm
Really love your peaches wanna shake your tree.

Quoting bemac
vibe by 100.
See you friday.

Get the real estate thing going!
I want to learn your methods to pass to my kids.
I'm selfish that way.
"steve miller" time keeps on ticken' ....

B
no hugs required.
  • #98,937
  • Jul 19, 2011 10:06pm Jul 19, 2011 10:06pm
Quoting james16
Really love your peaches wanna shake your tree.
Y'know... I never thought back in the 70's that I could ever convey a thought with a One Liner.
Silly me. You Proved it. "Into the Future.."

B
  • #98,938
  • Jul 19, 2011 10:07pm Jul 19, 2011 10:07pm
Quoting james16
A little request for some good vibes and maybe a few prayers.
Im having surgery on thursday. Nothing serious but surgery is surgery.
.
hope it turns out really well Sir!
keep us updated!
  • #98,939
  • Jul 19, 2011 10:35pm Jul 19, 2011 10:35pm
Quoting james16
A little request for some good vibes and maybe a few prayers.

Im having surgery on thursday. Nothing serious but surgery is surgery.

Ive decided to have a sex change so i can hook up with Bemac. The old fart just turns me on and im gonna do something about it.



seriously though i would appreciate any good vibes i can get headed my way.
Everything will be good sir, update once available, team cares.
----------------------------- Discipline makes the difference.
  • #98,940
  • Jul 19, 2011 10:46pm Jul 19, 2011 10:46pm
Hey... You gotta know this. I got the same E-mail all PF Members did.
I responded with my thoughts & here we are.

Mike & Jim Jar are a shoe in But not sure who Jim wants as Bridesmaids LOL
OK Done. It was a chuckle but...
Jim. No seclusion.
I do love you.
What time Thursday?
Count on my guanchi.

B
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