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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

  • #100,781
  • Aug 22, 2011 7:29pm Aug 22, 2011 7:29pm
feeling great.

thanks.

Quoting jarroo
Hey Jim great to see you back . .


Many of us want to know the big question about you . . .


How are you feeling ? . . . . .
  • #100,782
  • Aug 22, 2011 7:46pm Aug 22, 2011 7:46pm
Quoting james16
feeling great.

thanks.
Cool . . .

Many of us are still watching, managing, demoing, profiting, etc . .
the Usd/Chf Weekly PB (and Chf pairs Weekly PBs) . .which looks like that famous Nov. 2007 Weekly Cad PB . .
Attached Image (click to enlarge)
Click to Enlarge Name: uchf21.jpg Size: 61 KB
Indicators show the past. Price Action "Indicates" the future.
  • #100,783
  • Aug 22, 2011 7:59pm Aug 22, 2011 7:59pm
Quoting jarroo
Cool . . .

Many of us are still watching, managing, demoing, profiting, etc . .
the Usd/Chf Weekly PB (and Chf pairs Weekly PBs) . .which looks like that famous Nov. 2007 Weekly Cad PB . .
now if we only get the same reaction
  • #100,784
  • Aug 22, 2011 8:05pm Aug 22, 2011 8:05pm
Quoting mbqb11
now if we only get the same reaction
The next bar (or following week) sure had a different bit of momentum . .lol.

maybe its just a delayed reaction . .
Attached Image (click to enlarge)
Click to Enlarge Name: Chfcad.PNG Size: 65 KB
Indicators show the past. Price Action "Indicates" the future.
  • #100,785
  • Aug 22, 2011 8:06pm Aug 22, 2011 8:06pm
Quoting jarroo
The next bar (or following week) sure had a different bit of momentum . .lol.

maybe its just a delayed reaction . .
Would be too easy if it was exactly the same
  • #100,786
  • Aug 22, 2011 8:08pm Aug 22, 2011 8:08pm
Quoting mbqb11
Would be too easy if it was exactly the same
Isn't that always the case . . .lol
Indicators show the past. Price Action "Indicates" the future.
  • #100,787
  • Aug 22, 2011 8:09pm Aug 22, 2011 8:09pm
Quoting james16
feeling great.

thanks.
bmc searches the Member's List for "Great" No success so far but I'm sure s/he welcomes Jim back as much as any of us do.

Newsflash... Xmass Cancelled...
Santa Arrested for...
Feeling Merry:
Welcome Back Friend. Glad it worked for you.

Na na na boo boo.


B
  • #100,788
  • Aug 22, 2011 8:23pm Aug 22, 2011 8:23pm
Quoting jarroo
Isn't that always the case . . .lol
Yeah, I have had my eye on these Pins.
This would be nice on the daily.
Attached Image (click to enlarge)
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  • #100,789
  • Aug 22, 2011 8:28pm Aug 22, 2011 8:28pm
Quoting Pinbar
Yeah, I have had my eye on these Pins.
This would be nice on the daily.
Good eye, Pinbar . .it could very well turn out just like that . .
Indicators show the past. Price Action "Indicates" the future.
  • #100,790
  • Aug 22, 2011 8:30pm Aug 22, 2011 8:30pm
Quoting james16
feeling great..
great to hear, Sir
nice to see Sir Bemac dropping by too
  • #100,791
  • Aug 22, 2011 8:31pm Aug 22, 2011 8:31pm
Quoting jarroo
You nailed that level on the Usd/Cad, geniusztc . .

Using the previous bar Highs on the Daily as targets, you should have captured some nice profit.

Managing a trade with targets is a must for me . .sure we want it to go to the moon, but we want to take or protect profits along the way . .


Jim

thank you VERY MUCH jim .yes,i get 60 pips on that trade ,but i lost some pips on the earlier AUDUSD ,I think i had a bad SL position,.i only saw the 1.0439 is the resistance ,so i put SL above that level ,but i do not saw the resis is a zone ,maybe between 1.4039 and 1.0560. or i still have my trade live .
Attached Image (click to enlarge)
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A chart helps those who can read it.
  • #100,792
  • Aug 22, 2011 8:34pm Aug 22, 2011 8:34pm
Quoting jarroo
Good eye, Pinbar . .I could very well turn out just like that . .

You already did turn out like that Jim, but with a much higher intellectual upswing, my friend.
  • #100,793
  • Aug 22, 2011 8:36pm Aug 22, 2011 8:36pm
Quoting geniusztc
thank you VERY MUCH jim .yes,i get 60 pips on that trade ,but i lost some pips on the earlier AUDUSD ,I think i had a bad SL position,.i only saw the 1.0439 is the resistance ,so i put SL above that level ,but i do not saw the resis is a zone ,maybe between 1.4039 and 1.0560. or i still have my trade live .

oops sorry about that geni, I thought both pairs were a break even trade not a net break even on the two . .
Indicators show the past. Price Action "Indicates" the future.
  • #100,794
  • Aug 22, 2011 8:39pm Aug 22, 2011 8:39pm
Quoting Pinbar
You already did turn out like that Jim, but with a much higher intellectual upswing, my friend.
what a difference an omitted "letter" makes . . . .lol . . .


"it" could very well turn out just like that . .sorry about that.
Indicators show the past. Price Action "Indicates" the future.
  • #100,795
  • Aug 22, 2011 8:58pm Aug 22, 2011 8:58pm
Quoting jarroo
what a difference an omitted "letter" makes . . . .lol . . .


"it" could very well turn out just like that . .sorry about that.
Yeah, I knew what you meant and just used the opportunity to speak my mind, as no doubt many people on this board feel.

Thanks Jarroo.
  • #100,796
  • Aug 22, 2011 9:15pm Aug 22, 2011 9:15pm
Mike, just wondering why don't you draw the TL from the bottom of the chart such as in the attached screenshot? Some time ago you mentioned something about curve fitting but for me this is the most curve fitted line because of the significant to the pip reactions of the tl. Thanks in advance!

Quoting mbqb11
chart I am watching

price is rounding(which in turn will be divergence) off here around the BRN . Good area to watch
Attached Image (click to enlarge)
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  • #100,797
  • Aug 22, 2011 9:34pm Aug 22, 2011 9:34pm
Quoting artov
Mike, just wondering why don't you draw the TL from the bottom of the chart such as in the attached screenshot? Some time ago you mentioned something about curve fitting but for me this is the most curve fitted line because of the significant to the pip reactions of the tl. Thanks in advance!
hey Artov

Both lines are fine to me, the one I drew was to show the turning over intersecting with the BRN which is the major idea that I was exploring to trade here. I rarely use a TL to trade off(unless part of a very clear obvious pattern not by itself-rarely). So in this case it was just to further examine my point on the rounding effect price was seeing and further validate the round number area.

Hope that helps
Mike
  • #100,798
  • Aug 22, 2011 9:38pm Aug 22, 2011 9:38pm
Quoting artov
Mike, just wondering why don't you draw the TL from the bottom of the chart such as in the attached screenshot? Some time ago you mentioned something about curve fitting but for me this is the most curve fitted line because of the significant to the pip reactions of the tl. Thanks in advance!
Probably because, your TL has already broken thus it has little or no relationship to current price. unlike the lows.

The TL Mike drew is still intact and has confluence with the 150 EMA & the PPZ.

Hope this helps.
Attached Image (click to enlarge)
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  • #100,799
  • Aug 23, 2011 12:29am Aug 23, 2011 12:29am
Quoting james16
my kids are back in school and its back to "work".

My charts have been pretty ugly as far as great set ups.

Anyone disagree?

Jim
Its good to have you back big guy

Your charts can't be prettier

g.
I believe . . .
  • #100,800
  • Edited 2:30am Aug 23, 2011 2:20am | Edited 2:30am
here's update on my trade on eur/aud

half position off the table for ~+40

SL at BE now


http://www.hotstockmarket.com/image/...t/500/flags/LL

inverse head and shoulder breakout above 365EMA/RN 0.83/PPZ....will price go to 150EMA before retesting the breakout level as support?

http://www.hotstockmarket.com/image/...t/500/flags/LL
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