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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

  • #100,981
  • Aug 26, 2011 1:34pm Aug 26, 2011 1:34pm
Quoting Adilius07
That is what happens when it is friday, nothing to do at work and Gold was moving slowely towards my target... cleaned up the office.. JAMES16 is now of course on the Top Shelf...

Hehe, nice one.
I noticed that Firefox, CDBurner, Winamp, CCleaner, Alpari, Oanda, Avast I have on my PC too
..and Focus is in front of my house
Follow my trading on Twitter and FB: @pumlitch
  • #100,982
  • Aug 26, 2011 2:01pm Aug 26, 2011 2:01pm
Quoting mbqb11
really want to see us start to break this down trendline and hopefully settle into some consolidation and break up. Start to build a stronger base would be nice here.

in an ideal world of course
Hi Mike
A retest of 0.8 could be nice now. Will see.
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Follow my trading on Twitter and FB: @pumlitch
  • #100,983
  • Aug 26, 2011 2:57pm Aug 26, 2011 2:57pm
What do you guys think? A possible short?
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  • #100,984
  • Aug 26, 2011 3:01pm Aug 26, 2011 3:01pm
Quoting Forexgogo
What do you guys think? A possible short?
no, but a nice breakout :-)
meine augen sind die sterne
  • #100,985
  • Aug 26, 2011 3:10pm Aug 26, 2011 3:10pm
Quoting Forexgogo
What do you guys think? A possible short?
hey gogo

Be careful here that is actually a BUOB(bullish outside bar) which signals more strength for now

A pinbar would need to have the open and close within the previous bar to give us a nice long nose

Best
Mike
  • #100,986
  • Aug 26, 2011 3:15pm Aug 26, 2011 3:15pm
Quoting mbqb11
hey gogo

Be careful here that is actually a BUOB(bullish outside bar) which signals more strength for now

A pinbar would need to have the open and close within the previous bar to give us a nice long nose

Best
Mike
Thanks Mike
I thought about it (BUOB). In case it goes up, it may reach 8500! SNB will be happy...
  • #100,987
  • Aug 26, 2011 3:20pm Aug 26, 2011 3:20pm
Quoting aserbfx
anybody out there not trading this D1-pinbar? if so, please identify yourself to the crew :-)
this was one of the no-brainer-trades. they only show up every couple of months. i took this with a crazy size and take profit with 1/3 of the original size now. letting the rest run with stop at break even. target is 2000 usd.
-----
coming closer day by day ...
SL 65 AMG Affalterbach... nugh said
Inserted Video
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meine augen sind die sterne
  • #100,988
  • Aug 26, 2011 4:12pm Aug 26, 2011 4:12pm
Quoting aserbfx
-----
coming closer day by day ...
SL 65 AMG Affalterbach... nugh said
http://www.youtube.com/watch?v=_NiTKPLBepw
coming closer?!?!
wat? u mean that?
wow man!!

btw,Mercedes SLK 350(new version) was recently launched here..its awesome!
  • #100,989
  • Aug 26, 2011 7:16pm Aug 26, 2011 7:16pm
Quoting Adilius07
That is what happens when it is friday, nothing to do at work and Gold was moving slowely towards my target... cleaned up the office.. JAMES16 is now of course on the Top Shelf...

Good.
Housekeeping is important.
You should have a Clear path in front of you
& A solid Method Behind You.


B
  • #100,990
  • Aug 26, 2011 10:42pm Aug 26, 2011 10:42pm
Quoting Donkey
Here's a demo order I put today on CADCHF....thoughts are basically on the chart. It fits two approaches that I am demoing this year to decide if I want to include: Continuation off of BRNs, and Retrace entries.

Pros:

 

  1. Strong close (high momentum bar)
  2. Space to FTA and beyond
  3. Straddles BRN
  4. CHF weakness across the board


Cons:

 

  1. Bar size
  2. Not much confluence other than the BRN.


Trade plan:
[list][*]Price to FTA - s/l to .7950 (50 p below BRN)[*]Price to second TA - full TP or price just below the...

It's taken a few days and patience to sit through drawdown, but per plan, price is to FTA and s/l has been moved. About 50% of risk has been taken out of position.
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  • #100,991
  • Aug 26, 2011 10:50pm Aug 26, 2011 10:50pm
Quoting mbqb11
really want to see us start to break this down trendline and hopefully settle into some consolidation and break up. Start to build a stronger base would be nice here.

in an ideal world of course
I'm in this one too. My ideal world is respecting fibs and retracing to the 78.6 level.....eventually. We finally got the first test of 23.6 now to break through to the 38.2. May take a bit, but I've got about 50 % of initial risk off table so I'm in for the ride now....fibs are next stop positions (and they happen to line up with ppz)......
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  • #100,992
  • Aug 26, 2011 11:23pm Aug 26, 2011 11:23pm
Quoting Bemac
Good.
Housekeeping is important.
You should have a Clear path in front of you
& A solid Method Behind You.


B

awesome said!!! I should remember each word
  • #100,993
  • Aug 27, 2011 1:11am Aug 27, 2011 1:11am
Quoting aserbfx
this was one of the no-brainer-trades. they only show up every couple of months. i took this with a crazy size and take profit with 1/3 of the original size now. letting the rest run with stop at break even. target is 2000 usd.
-----
coming closer day by day ...
SL 65 AMG Affalterbach... nugh said
http://www.youtube.com/watch?v=_NiTKPLBepw
Hi there! Indeed a nice simple trade. But I was too chicken and took my profits right before the 1800 (at 1793).

May I ask. If your current SL will be hit how much you would have made in R of your initial risk? Is just I am very suspicious about splitting the trade into several exits... so could you share please?

Thank you!
  • #100,994
  • Aug 27, 2011 3:47am Aug 27, 2011 3:47am
Could this be a qualified Monthly PB? But there's a news that Japan is doing something ...to prevent JPY going higher.
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----------------------------- Discipline makes the difference.
  • #100,995
  • Aug 27, 2011 4:02am Aug 27, 2011 4:02am
Quoting CavinK
Could this be a qualified Monthly PB? But there's a news that Japan is doing something ...to prevent JPY going higher.
WOW!
I think yes.
The only problem I see with it is that it could not close below 95 BRN.
I skip those that did not have a bit more strenght in the end to make it across BRN...

EDIT: oh but we have some days left to go, so maybe...
  • #100,996
  • Edited 7:54am Aug 27, 2011 5:23am | Edited 7:54am
Quoting mbqb11
hey gogo

Be careful here that is actually a BUOB(bullish outside bar) which signals more strength for now

A pinbar would need to have the open and close within the previous bar to give us a nice long nose

Best
Mike
Hey Mike

Wouldn't it also have to have the low inside the previous bar.

I think you just forgot to mention that.

Hope this pic helps clarify things for anyone else that is not sure.
Attached Image
  • #100,997
  • Aug 27, 2011 7:26am Aug 27, 2011 7:26am
Quoting aserbfx
coming closer day by day ...
SL 65 AMG Affalterbach... nugh said
http://www.youtube.com/watch?v=_NiTKPLBepw
Nice...
One or two more good trades and I'll be joining you on the autobarn
x4 wheels... nough said
Attached Image
  • #100,998
  • Aug 27, 2011 7:43am Aug 27, 2011 7:43am
Sorry for asking a newbie question , if i use a 10pips 'buffer' in FX pairs , how many pips 'buffer' do i use in stocks,gold etc.?
  • #100,999
  • Aug 27, 2011 8:17am Aug 27, 2011 8:17am
Not surprising but, it is going on all the time around these RN's.
Just as Mike says, with only the RNs on the chart, it gives us a starting ground to work from.

Man, that guy is smart!

The trick is to not look at the lines but the S&R around them.
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  • #101,000
  • Aug 27, 2011 8:20am Aug 27, 2011 8:20am
Quoting 5.25
Nice...
One or two more good trades and I'll be joining you on the autobarn
x4 wheels... nough said


max horsepower...
meine augen sind die sterne
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