james16 Chart Thread | Page 5009 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #100,161
  • Aug 8, 2011 2:31pm Aug 8, 2011 2:31pm
Seniors, (not exclusively!)

I saw this on the weekly and scrolled back but found no-one else mention it, I assume the weaker close, and proximity of the FTA (blue box) put most people off what initially looks like a powerful bar.
As i typed it poked in the box area and rejected back.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.jpg Size: 184 KB
  • #100,162
  • Aug 8, 2011 2:57pm Aug 8, 2011 2:57pm
Quoting AvanishDemo
agree tht wuld be buying against the huge fall off..
but chkout the bounce it gave....it was already a 60+pip bounce @ 1.02..AU..(u can see chart shows 1.0265 as the "current price")
did not knew price will reach that level late times of trading..js switched on my laptop...(huge fall off of the last H4 bar of the day)
some quick 40/50/60 profit wld be nice with absolute not mch of drawdown..n run away!(who the hell wants to hold TTs for long,lol)
price was approaching this level for the first time after so many days..i was watching this level...

fully agree; if I'm around. In a normal market, I have levels at which I leave an order even if I'm not around(would've leave one at 1.02 or 1.04 without much thought on aud/usd - normally).

During times like this, however, if I'm not on, no orders left. And I'm still cautious shorting chf/jpy regardless of level. There are still plenty of brave folks trying to pick a bottom, so I doubt it'll be one soon.

at least on jpy there's a chance of another intervention, but wouldn't hold my breath.

anyway, I've missed a ton of opportunities today; should've played my stupid game less. Made excellent trades, but it was room for at least twice as much - rare such a good market and so many good opportunities and bad thing to waste them.


regarding nzd/usd - didn't take because didn't have room for it too; was already short on nzd, short aud, short cad... too much correlation already. But now, with some room... wouldn't be that bad with a close below .823, though there's still the 61.8 fibo of last move at .818... Pretty unpleasant box... got spoiled lately
  • #100,163
  • Aug 8, 2011 3:48pm Aug 8, 2011 3:48pm
All I can say about markets like this is that I will very likely not be in them. I will still be looking at the daily for A+ trades, but that is the ONLY thing that I would be willing to get into. I am just not willing to risk capital on anything less than the very best when everyone is losing their mind. The way that I see it is like this- I only need one or two trade a month to blow away what the best mutual funds can do in their good years. Once clarity reenters the market we will see it in proper price action. At that point it will be such an obvious trade that I will not be able to miss it. The best thing that I see right now is most of the charts are moving away from congestion that would keep me out of them.

Ryan
  • #100,164
  • Aug 8, 2011 4:14pm Aug 8, 2011 4:14pm
Quoting gungriffin
All I can say about markets like this is that I will very likely not be in them. I will still be looking at the daily for A+ trades, but that is the ONLY thing that I would be willing to get into. I am just not willing to risk capital on anything less than the very best when everyone is losing their mind. The way that I see it is like this- I only need one or two trade a month to blow away what the best mutual funds can do in their good years. Once clarity reenters the market we will see it in proper price action. At that point it will be such an...
Spot on there Ryan and I totally agree. Most people will lose money in this crazy market. Best to protect capital.
  • #100,165
  • Aug 8, 2011 6:37pm Aug 8, 2011 6:37pm
Quoting gungriffin
All I can say about markets like this is that I will very likely not be in them. I will still be looking at the daily for A+ trades, but that is the ONLY thing that I would be willing to get into. I am just not willing to risk capital on anything less than the very best when everyone is losing their mind. The way that I see it is like this- I only need one or two trade a month to blow away what the best mutual funds can do in their good years. Once clarity reenters the market we will see it in proper price action. At that point it will be such an...
I'm sure you will see my post in the PF

But this is the single greatest part of being an individual trader. YOU CONTROL WHAT YOU DO.

My friends fund is down 80 mil in 3 days. In times of crisis we realize only you can watch your own back.

The trades will come. I am only in one(see Jarroo recent post), things can turn quick and those that are just clicking buttons might get lucky but the pain can be very bad. Be safe and trade smart. Remember you are in control of your money

Best
Mike
  • #100,166
  • Aug 8, 2011 6:47pm Aug 8, 2011 6:47pm
Quoting mbqb11
I'm sure you will see my post in the PF

But this is the single greatest part of being an individual trader. YOU CONTROL WHAT YOU DO.

My friends fund is down 80 mil in 3 days. In times of crisis we realize only you can watch your own back.

The trades will come. I am only in one(see Jarroo recent post), things can turn quick and those that are just clicking buttons might get lucky but the pain can be very bad. Be safe and trade smart. Remember you are in control of your money

Best
Mike
Just for my sig.
  • #100,167
  • Aug 8, 2011 6:52pm Aug 8, 2011 6:52pm
Quoting Bemac
Just for my sig.
You better believe it
  • #100,168
  • Aug 8, 2011 7:03pm Aug 8, 2011 7:03pm
Quoting mbqb11
I'm sure you will see my post in the PF

But this is the single greatest part of being an individual trader. YOU CONTROL WHAT YOU DO.

My friends fund is down 80 mil in 3 days. In times of crisis we realize only you can watch your own back.

The trades will come. I am only in one(see Jarroo recent post), things can turn quick and those that are just clicking buttons might get lucky but the pain can be very bad. Be safe and trade smart. Remember you are in control of your money

Best
Mike
ouch!

on the other hand, gotta thank whoever brought this to my attention last week!
Attached Image (click to enlarge)
Click to Enlarge Name: 12121.gif Size: 25 KB
  • #100,169
  • Aug 8, 2011 7:17pm Aug 8, 2011 7:17pm
My first trade order after months of watching trying to understand price action.

I place a pending sell order below the low of the BEOB

Target 300 pips as shown on the chart.

Please advice.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 28 KB
  • #100,170
  • Aug 8, 2011 7:25pm Aug 8, 2011 7:25pm
Quoting sf73
My first trade order after months of watching trying to understand price action.

I place a pending sell order below the low of the BEOB

Target 300 pips as shown on the chart.

Please advice.
hey SF

Not advice of course, just my opinion here

Put some notes on a chart for you hope it helps

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: a2.gif Size: 38 KB
  • #100,171
  • Aug 8, 2011 7:36pm Aug 8, 2011 7:36pm
Thanks
  • #100,172
  • Aug 8, 2011 7:37pm Aug 8, 2011 7:37pm
Quoting jarroo
Hey Pinbar . .looks like I missed you.

Yes, that is a gap strategy . .playing the gap close especially when its aligned with a possible strong Support level, as in the case with the Eur/Cad. Some will trade it as a Touch Trade, meaning without bullish PA confirmation. . .a very valid play . . .I would have to ask the wizard to be sure . .


I hope the move goes smoothly . .I mean into your new apartment , not just with the pair . .

Jim
Thanks Jarroo.
I am watching this one to learn from it.

The moving got held up when they could not deliver the bed and sofa I bought yesterday.

I shall be offline as of this evening.
  • #100,173
  • Aug 8, 2011 11:28pm Aug 8, 2011 11:28pm
will the trend contune? or reverse here ?? i have no idea ? thank you /
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 24 KB
A chart helps those who can read it.
  • #100,174
  • Aug 8, 2011 11:32pm Aug 8, 2011 11:32pm
Hey guys,
crazy markets.
Need your help.
Does anybody know where the post is which has a collection of James,Mikes & Jarooo comments collated.
Also what is TT? I rekon it is ttouch trade. But I am unable to understand it well.
Thanks in advance.
Vinay
  • #100,175
  • Edited 12:24am Aug 9, 2011 12:13am | Edited 12:24am
Quoting vinayn
Hey guys,
crazy markets.
Need your help.
Does anybody know where the post is which has a collection of James,Mikes & Jarooo comments collated.
Also what is TT? I rekon it is ttouch trade. But I am unable to understand it well.
Thanks in advance.
Vinay
is that?
http://www.forexfactory.com/showthre...99#post2585699


im staying away out of the crazy markets
  • #100,176
  • Aug 9, 2011 12:27am Aug 9, 2011 12:27am
Quoting mbqb11
I'm sure you will see my post in the PF

But this is the single greatest part of being an individual trader. YOU CONTROL WHAT YOU DO.

My friends fund is down 80 mil in 3 days. In times of crisis we realize only you can watch your own back.

The trades will come. I am only in one(see Jarroo recent post), things can turn quick and those that are just clicking buttons might get lucky but the pain can be very bad. Be safe and trade smart. Remember you are in control of your money

Best
Mike

Quoting gungriffin
All I can say about markets like this is that I will very likely not be in them. I will still be looking at the daily for A+ trades, but that is the ONLY thing that I would be willing to get into. I am just not willing to risk capital on anything less than the very best when everyone is losing their mind. The way that I see it is like this- I only need one or two trade a month to blow away what the best mutual funds can do in their good years. Once clarity reenters the market we will see it in proper price action. At that point it will be such an...


Thanks Mike n Ryan.
while i did not take any of TTs..i was js learning things..maybe i was sounding over-confident..YES,its better to stay away..
u guys are always inspiring!!
i take ur advices as a trading tool!
  • #100,177
  • Edited 12:54am Aug 9, 2011 12:33am | Edited 12:54am
Quoting AvanishDemo
y such a strong move?
is it because silver was already at its toppest peak?
n too much of buying made silver to sell?
is it something to bring correction & equilibrium in the markets or something?
Why do you think something will fall because it is at its all time high?
Why do you think 'too much buying' would cause an instrument to fall, let alone below the last runup?
Would you consider 'short every new high' and 'always fade strong buying pressure' sound strategies?

I think you need to focus your efforts on the skills taught in this thread.


Quoting Kalbar
Spot on there Ryan and I totally agree. Most people will lose money in this crazy market.
In a clear, strongly directional market?
When you have to shoot, shoot. Dont talk.
  • #100,178
  • Aug 9, 2011 12:45am Aug 9, 2011 12:45am
Quoting joelcf
Why do you think something will fall because it is at its all time high?
Why do you think 'too much buying' would cause an instrument to fall, let alone below the last runup?
Would you consider 'short every new high' and 'always fade strong buying pressure' sound strategies?

I think you need to focus your efforts on the skills taught in this thread.
hey no..i did not meant that i was going to sell at that point..i js wanted to knw things..
sry i will delete that post.
i respect ur views.
Thanks Joel.
EDIT:infact i deleted all my prev posts..
  • #100,179
  • Aug 9, 2011 1:00am Aug 9, 2011 1:00am
Quoting AvanishDemo
hey no..i did not meant that i was going to sell at that point..i js wanted to knw things..
sry i will delete that post.
i respect ur views.
Thanks Joel.
EDIT:infact i deleted all my prev posts..
lol, no need for that.

I just worry when people start wandering down the road that involves skipping the simple things that they can successfully implement for the complex things that are significantly harder to translate into positive account movements.

The people in this thread from whom we learn most, like Jim/Mike/Jim, all preach simplicity. That's some pretty sweet confluence right there
When you have to shoot, shoot. Dont talk.
  • #100,180
  • Aug 9, 2011 1:08am Aug 9, 2011 1:08am
Quoting joelcf
lol, no need for that.

I just worry when people start wandering down the road that involves skipping the simple things that they can successfully implement for the complex things that are significantly harder to translate into positive account movements

The people in this thread from whom we learn most, like Jim/Mike/Jim, all preach simplicity. That's some pretty sweet confluence right there
yes i myself follow these guys.
i js got over-confident n forgot for a while that this thread teaches simple setups else it will js confuse people talking abt TTs or any stupid customised methods....
its js happened that i knw J16 methods by now n started looking for own things to get trading opportunites..will be careful with emotions n focussing things.
163 traders viewing now