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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

  • #100,801
  • Aug 23, 2011 4:53am Aug 23, 2011 4:53am
[quote=biDc;4892606]
Quote
here's update on my trade on eur/aud

Perssonaly,at the moment, I see a return to 1.3950. Just mine.
Nothing personal,just business
  • #100,802
  • Aug 23, 2011 7:35am Aug 23, 2011 7:35am
Hello traders!

I've got a question here, i've been playing with pb/dbhlc,dblhc,ob and ib quite successfully now ( imho anyway ); so..here's my question and i'm sorry if this has been answered or mentioned before, i noticed james mentioning about trading matching highs and matching lows on few posts from the start of this thread, from charts that i've been looking at so far, it just look's like trading inside bars.

Is my observation correct? Or maybe i need to get glasses

Thanks for any input guys, I've been learning a lot from this thread
  • #100,803
  • Aug 23, 2011 7:42am Aug 23, 2011 7:42am
Good Morning All,
Thought I would post these, I know the Eurusd wasn't an amazing setup with tonnes of confluence, but it was a very low risk entry on the daily chart. 15 Pips would have been enough on the close of the I4B. 15 Pips for 150 Pip move so far, not bad R:R, eh Adi?

Also there was a nice 4hr PB on GOLD which I took on demo that so far has gone where it should.
Have a great day everyone.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gold-4hrpb.png Size: 38 KB
Price is beautiful. A repetitive method is a competitive method.
  • #100,804
  • Aug 23, 2011 7:44am Aug 23, 2011 7:44am
Going against gold is tough with this monster trend. Look for longs.
  • #100,805
  • Aug 23, 2011 8:12am Aug 23, 2011 8:12am
Quoting Razorman
Going against gold is tough with this monster trend. Look for longs.
Soon everybody and their grandma's will be long gold. I somehow doubt we will hit 2000 before stronger squeze to downside.
  • #100,806
  • Aug 23, 2011 8:18am Aug 23, 2011 8:18am
I gotta say with gold lot of people did not think 1500 was possible then 1700, then 1800 and so forth. At this point the only motto i follow is go with the trend.
  • #100,807
  • Aug 23, 2011 8:36am Aug 23, 2011 8:36am
Quoting Razorman
I gotta say with gold lot of people did not think 1500 was possible then 1700, then 1800 and so forth. At this point the only motto i follow is go with the trend.
I am with you on that Razor and i am not trying to pick long-term top there ... i believe that psychologicaly it will be hard for this kind of market to hit 2000 without taking major profits before.

Cheers!
  • #100,808
  • Aug 23, 2011 8:37am Aug 23, 2011 8:37am
Quoting mdafif
Hello traders!

I've got a question here, i've been playing with pb/dbhlc,dblhc,ob and ib quite successfully now ( imho anyway ); so..here's my question and i'm sorry if this has been answered or mentioned before, i noticed james mentioning about trading matching highs and matching lows on few posts from the start of this thread, from charts that i've been looking at so far, it just look's like trading inside bars.

Is my observation correct? Or maybe i need to get glasses

Thanks for any input guys, I've been learning a lot from this thread...
Hey Mdafif

The difference b/w trading an inside bar is that with matching highs/lows we have a different piece of information to add to the arsenal(that an exact level is holding). Matching highs/lows is some of my favorite breakout plays to make.

So for a TBH we want to have two exact matching highs. TBL , two exact matching lows. Then we can have multiple highs and lows and things can get even better in my view

Let me know if that makes sense
Mike
  • #100,809
  • Aug 23, 2011 8:46am Aug 23, 2011 8:46am
i dont drop into less than H4 TF..but while flipping thru TFs n i js saw these clear breakout pattern with DBLHC..it hit the point where it shuld(1.43).

a fine example of a breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: ec.gif Size: 19 KB
  • #100,810
  • Aug 23, 2011 9:01am Aug 23, 2011 9:01am
ah yes, i came to that train of thought too, but was unsure, i just felt the trade was done similarly to an inside bar ( breakout ), albeit there are a few differences, but a breakout nontheless. I just used the same way of thinking to understand TBH/TBL

Thanks for clearing that up

Quoting mbqb11
Hey Mdafif

The difference b/w trading an inside bar is that with matching highs/lows we have a different piece of information to add to the arsenal(that an exact level is holding). Matching highs/lows is some of my favorite breakout plays to make.

So for a TBH we want to have two exact matching highs. TBL , two exact matching lows. Then we can have multiple highs and lows and things can get even better in my view

Let me know if that makes sense
Mike
  • #100,811
  • Aug 23, 2011 10:48am Aug 23, 2011 10:48am
Quoting nwo-trader
Good Morning All,
Thought I would post these, I know the Eurusd wasn't an amazing setup with tonnes of confluence, but it was a very low risk entry on the daily chart. 15 Pips would have been enough on the close of the I4B. 15 Pips for 150 Pip move so far, not bad R:R, eh Adi?

Also there was a nice 4hr PB on GOLD which I took on demo that so far has gone where it should.
Have a great day everyone.
Hi Nwo-trader,

Yeah, RR looks good on those. Did you trade them? Probably not. And you know most of the Pbs and BOUOBs that we see on past price action have a wonderful RR. But, that is totally different when it comes to REAL time trading, because a lot matters on HOW you manage it... and if you don't have a FIXED RR you will NEVER make as much as it LOOKS on history chart.

I'm not being a smart ass, just trying to be honest with you and myself.
So please forgive me
  • #100,812
  • Aug 23, 2011 11:32am Aug 23, 2011 11:32am
What you guys think about this Daily setup on EURNZD ?

Nice PPZ
Outside bar
Div
Space for a good R/R
TP at BRN 1.7

It's not an A+++ setup, but still..

Attached Image (click to enlarge)
Click to Enlarge Name: zqddzzsq.JPG Size: 86 KB


thx you all
  • #100,813
  • Aug 23, 2011 12:55pm Aug 23, 2011 12:55pm
Quoting AvanishDemo
i dont drop into less than H4 TF..but while flipping thru TFs n i js saw these clear breakout pattern with DBLHC..it hit the point where it shuld(1.43).

a fine example of a breakout.
Hey Avanish a que for you.
Forget the TF. What point do you enter? I believe I saw in one of the videos, Mike said, it breaks out comes back to support (previous resistance), forms PA there. There we enter. What do you think?

Thanks Vinay
  • #100,814
  • Aug 23, 2011 1:06pm Aug 23, 2011 1:06pm
Quoting Walcott
What you guys think about this Daily setup on EURNZD ?

Nice PPZ
Outside bar
Div
Space for a good R/R
TP at BRN 1.7

It's not an A+++ setup, but still..

Attachment

thx you all
I don't see an outside bar . . .

g.
I believe . . .
  • #100,815
  • Aug 23, 2011 1:14pm Aug 23, 2011 1:14pm
well that was a first

just had a 5.8 earthquake happen during my webinar.

That was a bonus for those today lolol
  • #100,816
  • Aug 23, 2011 1:20pm Aug 23, 2011 1:20pm
Quoting mbqb11
well that was a first

just had a 5.8 earthquake happen during my webinar.

That was a bonus for those today lolol
Yikes!

you aright?

g.
I believe . . .
  • #100,817
  • Aug 23, 2011 1:23pm Aug 23, 2011 1:23pm
Quoting ghous
Yikes!

you aright?

g.
i talked pinbars straight through it!
  • #100,818
  • Aug 23, 2011 1:34pm Aug 23, 2011 1:34pm
Quoting mbqb11
i talked pinbars straight through it!
Haha! Geez...try and be a human Mike

lolol

g.
I believe . . .
  • #100,819
  • Aug 23, 2011 1:36pm Aug 23, 2011 1:36pm
Quoting AvanishDemo
i dont drop into less than H4 TF..but while flipping thru TFs n i js saw these clear breakout pattern with DBLHC..it hit the point where it shuld(1.43).

a fine example of a breakout.
Nice. Notice also that the touches to your marked resistance were increasing just before the breakout.

Good stuff.

g.
I believe . . .
  • #100,820
  • Aug 23, 2011 1:50pm Aug 23, 2011 1:50pm
Quoting mbqb11
well that was a first

just had a 5.8 earthquake happen during my webinar.

That was a bonus for those today lolol
Wow!
My mom always used to say "Don't eat so much beans. Gonna be an earthquake!"

Hope you are all fine there Mike.

Some interesting level.
EURCAD
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