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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

  • #101,601
  • Sep 13, 2011 4:54pm Sep 13, 2011 4:54pm
long eur/jpy



http://www.hotstockmarket.com/image/...600/height/291
  • #101,602
  • Sep 13, 2011 4:58pm Sep 13, 2011 4:58pm
Quoting Pinbar
Interesting area on GBP/CAD
Yes it is Verry Interesting.
1.5376 . Now that will be Very Interesting & it has, i figure, 2 weeks to get there.
If it Breaks that then the next bus stop will be...
1.5245 while heading for...
~1.3750
Why?
Chart with no explanation. If you want to have the capacity to read this, That's posted elsewhere.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly sept 13 11 new box forming.gif Size: 52 KB


A Closer Look with the lower end of the Chart pulled into frame.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly sept 13 11 zoom new box forming.gif Size: 44 KB


I Really Like this setup. It could be rapidly large.

B
  • #101,603
  • Sep 13, 2011 5:12pm Sep 13, 2011 5:12pm
Quoting Ifmyante
When I say I risked 2%, that's not exactly true. Providing there were no fundamentals to affect the trade, it was really a risk free trade. I knew there was no news scheduled, but yes, that didn't mean that news wouldn't break.
While it was a good trade (ie, your risk was controlled and the potential gain was substantial), your conclusions about the drivers behind the move are completely wrong. Indices don't sell off sharply for 2% because they are 'overvalued' and hit some kind of magical PPZ where everyone throws out a stoprev.


Quoting Bemac
Chart with no explanation. If you want to have the capacity to read this, That's posted elsewhere.
Attachment
looks tartan to me
When you have to shoot, shoot. Dont talk.
  • #101,604
  • Edited 5:43pm Sep 13, 2011 5:29pm | Edited 5:43pm
Quoting joelcf




looks tartan to me
Achh away 'n bile yer bunnet laddie.



B

*EDIT*
The 2%/Zero Risk to 50% thingy
After 30 Years of Trading Real, the only way I can conjecture this scenario is if my Total Equity is less than $500.00

Yeah Yeah... I Know the Other side too.
Sell at a Possible Cieling with a Stop just above & ride a Good/Lucky Trade all the way down but the question remains...
Did you Add Lots?
Did you take Partial Profits?
I have more interest in THAT Trade but I don't need to see tickets.
I would just like to take a meander through the same descions you made during that Trade.
No malice & no alterior motive. Just a point of interest.

B
  • #101,605
  • Sep 13, 2011 7:25pm Sep 13, 2011 7:25pm
Aussy, Pound, Euro, Aud/J, E/j, G/j are all in consolidation at this point my recommendation to all the newer traders to stay away until direction becomes apparent. Or its support to resistance and back if you are into that sort of thing.
Myself I’ll be chillin. Still sitting short in Cad, Swissy nocked me out at BE, caught a good trade on Aud/Nzd and Pound/Cad this week. Now it is all about patients.
  • #101,606
  • Sep 13, 2011 7:29pm Sep 13, 2011 7:29pm
You are a champion, if I got results like that I would be having dinners with Warren at 2.6 million a pop.
  • #101,607
  • Sep 13, 2011 7:36pm Sep 13, 2011 7:36pm
Quoting ashag28
... Now it is all about patients.
After all of that...
"Now it is all about patience."
Farg. English language is totally unforgiving. I would Short it if it weren't so fundamentally neccessarry.

I, from the inside looking out, have often considered how lucky I was to have been born with Inglish as my first language. Otherwise I may not have been able to relate to other's thoughts.


B
  • #101,608
  • Sep 13, 2011 7:59pm Sep 13, 2011 7:59pm
Quoting Bemac
After all of that...
"Now it is all about patience."
Farg. English language is totally unforgiving. I would Short it if it weren't so fundamentally neccessarry.

I, from the inside looking out, have often considered how lucky I was to have been born with Inglish as my first language. Otherwise I may not have been able to relate to other's thoughts.


B
Pound is the only pair that looks like it can do some things on the way down in my opinion. Sorry for my Inglish.
  • #101,609
  • Sep 13, 2011 8:48pm Sep 13, 2011 8:48pm
Quoting ashag28
Pound is the only pair that looks like it can do some things on the way down in my opinion. Sorry for my Inglish.
First Response.


I can get along with someone who retains a sense of humor.



Tech response to follow


B
  • #101,610
  • Sep 13, 2011 8:56pm Sep 13, 2011 8:56pm
Quoting ashag28
Pound is the only pair that looks like it can do some things on the way down in my opinion. Sorry for my Inglish.
Yes but I don't have enough time to give a Full Response.
GBPUSD does look hesitant.
Not the mood I prefer Pairs to be in when I trade them.

I Don't Recycle & I don't Compost & I throw $#it out my car window...
Do you Know Me?
I'm a Selfish Trader.


Well. Maybe we can smooth that out a bit.

lol
B
  • #101,611
  • Sep 13, 2011 9:09pm Sep 13, 2011 9:09pm
Quoting ashag28
Pound is the only pair that looks like it can do some things on the way down in my opinion. Sorry for my Inglish.
In case you all did not know, Google translate can translate about all of the languages in the world...
Warning, lack of trading is dangerous to your survival......
  • #101,612
  • Sep 13, 2011 9:23pm Sep 13, 2011 9:23pm
Quoting william5
In case you all did not know, Google translate can translate about all of the languages in the world...
South to 1.54 with Hesitation before continuuing to target of 1 43xx

Or North to 1.66xx
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd daily sept 3 11.gif Size: 20 KB


Stay loose

B
  • #101,613
  • Sep 13, 2011 9:28pm Sep 13, 2011 9:28pm
1.54ish is what Im thinking.
  • #101,614
  • Sep 13, 2011 9:36pm Sep 13, 2011 9:36pm
HEARTBREAK!!!!!! It was within 0.2 (ZERO POINT TWO) pips of hitting my TP while I was working.... Then it reversed over 70 pips on me.
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.GIF Size: 102 KB
  • #101,615
  • Sep 13, 2011 9:37pm Sep 13, 2011 9:37pm
Quoting Bemac
Yes but I don't have enough time to give a Full Response.
GBPUSD does look hesitant.
Not the mood I prefer Pairs to be in when I trade them.

I Don't Recycle & I don't Compost & I throw $#it out my car window...
Do you Know Me?
I'm a Selfish Trader.


Well. Maybe we can smooth that out a bit.

lol
B
No response required, I don’t want to see any charts, just shooting wind. bored.
  • #101,616
  • Sep 13, 2011 9:40pm Sep 13, 2011 9:40pm
Quoting gungriffin
HEARTBREAK!!!!!! It was within 0.2 (ZERO POINT TWO) pips of hitting my TP while I was working.... Then it reversed over 70 pips on me.
Right there with you, my target was lower but still no fun. Well, it is what it is.
  • #101,617
  • Sep 13, 2011 10:22pm Sep 13, 2011 10:22pm
AUD/USD at an area to watch.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd1w.gif Size: 17 KB
Anything can happen.
  • #101,618
  • Sep 13, 2011 10:29pm Sep 13, 2011 10:29pm
Quoting Bemac
Yes it is Verry Interesting.
1.5376 . Now that will be Very Interesting & it has, i figure, 2 weeks to get there.
If it Breaks that then the next bus stop will be...
1.5245 while heading for...
~1.3750
Why?
Chart with no explanation. If you want to have the capacity to read this, That's posted elsewhere.
Attachment

A Closer Look with the lower end of the Chart pulled into frame.
Attachment

I Really Like this setup. It could be rapidly large.

B

Really, I have the feeling it will be testing 1.57500 before it gets to anywhere near the 1.3750 area.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 47 KB
  • #101,619
  • Sep 13, 2011 10:45pm Sep 13, 2011 10:45pm
Quoting Ifmyante
A few months ago I'm sure I would've gotten burned on it too.

But we live and learn
I seem to be stuck in a time capsule. I would have taken this setup six months ago and still took it this time around.

Have to break my through this time capsule.


Cheers
novice
  • #101,620
  • Sep 13, 2011 11:06pm Sep 13, 2011 11:06pm
Interesting area on GBP/AUD that has just been violated by the H1 candle which closed above this 1.5982 area.

I would like to see a push up to the BRN and a pullback with bullish PA off the top of this solid consolidation area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 39 KB
Click to Enlarge Name: h.PNG Size: 38 KB
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