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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

  • #104,321
  • Nov 14, 2011 12:25am Nov 14, 2011 12:25am
darn it . .gotta go for now

later,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #104,322
  • Nov 14, 2011 12:59am Nov 14, 2011 12:59am
hmm.. my virgin attempt at spotting a good touch trade seem to have been right on (lucky maybe)

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EU bounced off LCS and multiple lows.

If i were to make an entry, i would place a buy order at 1.3700 and target 1.3721 and put my SL 15 pips below my entry.

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Would that be good?
  • #104,323
  • Nov 14, 2011 1:02am Nov 14, 2011 1:02am
Quoting fascist
hmm.. my virgin attempt at spotting a good touch trade seem to have been right on (lucky maybe)

Attachment

EU bounced off LCS and multiple lows.
start trading the bigger TF's for the beginning.
Hero calls followed by margin calls...
  • #104,324
  • Nov 14, 2011 1:05am Nov 14, 2011 1:05am
Quoting PhAnTi'
start trading the bigger TF's for the beginning.
yeah i get it. was just trying to get the idea and principles right.
  • #104,325
  • Nov 14, 2011 1:09am Nov 14, 2011 1:09am
Quoting fascist
yeah i get it. was just trying to get the idea and principles right.
Hero calls followed by margin calls...
  • #104,326
  • Edited 2:28am Nov 14, 2011 2:27am | Edited 2:28am
Quoting jarroo
The 1.5500 BRN . . . would be nice for some Bullish PA . . . on the Gbp/Aud. .
Thank you, Jim, a very instructive chart. And now I'm off to repeating "primelocationprimelocationprimelocation..." until it sticks, lol.
  • #104,327
  • Nov 14, 2011 3:01am Nov 14, 2011 3:01am
Quoting 5.25
GBPJPY 122.258 has my attention:

- FTB to Daily & Weekly HCR
- 50% Fibs
Quoting Pinbar
That is technically not a PB but a BUEOB.
It may hit its FTA but, I don't like the comparative size of the bearish bar, 2 bars back.
Quoting jarroo
Still no Close Above, T . .Ok, it may have Opened above but no Close above .. (damn gaps . .lol)
124.00 held strong and then some. Missed my TT entry by mere pipage. Order pulled and onto the next trade.

PB, the "BUEOB" was just an outside observation adding confluence to 124.0 as resistance due to it's close. I was looking for a TT long entry at 122.258.

T
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  • #104,328
  • Nov 14, 2011 4:22am Nov 14, 2011 4:22am
GU just cut through the weekly LCS.
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  • #104,329
  • Nov 14, 2011 4:28am Nov 14, 2011 4:28am
Quoting jarroo
I hear ya, Pb . .lol . . You just have to look at both levels . .

Yeah, I know.

I was just thinking about any additional data that we miss because of these gaps. Do you think, They are on to us? LOL
  • #104,330
  • Nov 14, 2011 4:40am Nov 14, 2011 4:40am
Do we have a daily DBHLC in the making?


It is about time, after all that consolidation.
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  • #104,331
  • Nov 14, 2011 4:59am Nov 14, 2011 4:59am
AUD is looking interesting. I especially like the MHCR and all the resistance on the weekly TF.
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  • #104,332
  • Nov 14, 2011 5:31am Nov 14, 2011 5:31am
Lets see what this can do.
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  • #104,333
  • Nov 14, 2011 6:28am Nov 14, 2011 6:28am
Hey PB could you help to explain the motive behind this short trade?

Quoting Pinbar
Lets see what this can do.
  • #104,334
  • Nov 14, 2011 6:52am Nov 14, 2011 6:52am
TP1
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  • #104,335
  • Edited 7:26am Nov 14, 2011 7:07am | Edited 7:26am
Quoting nikim
Hey PB could you help to explain the motive behind this short trade?

The area I took the M15 BEOB is below the Monthly Highest close or resistance. I just used the M15 BEOB for the trigger. Price closing below the EMAs and the monthly HCR was what interested me. There were a few other factors that interested me also, like the 4 H4 bearish bars in a row and the close below this area.
It may well, stop me out but as I already took 50% off the table and moved the SL to above the consolidation area, I am at BE+ without moving the SL to BE. It may run. Either way, it is now a free trade and I only really expected it to reach the first FTA. The logic in leaving this trade open is, the M15 consolidation and bar lows may POSSIBLY act as resistance.

Hope this helps.
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  • #104,336
  • Nov 14, 2011 7:30am Nov 14, 2011 7:30am
Just a good friendly beginning of the week reminder. I know a lot of new people are reading this thread every day and may see a lot of lower timeframe and different stuff. The BEST thing you can do is follow James16 posts and specifically the outline in post 1 of the minimum requirements. It is a very crucial point. The material is the same on all timeframes but please remember to start on the daily/weekly while building your foundation. Many of those you see posting lower timeframe charts have been at it for awhile. But we always gotta remember the basics and be vigilant in reminding the new folks of that as well.

Have a great week all
Mike
  • #104,337
  • Nov 14, 2011 7:39am Nov 14, 2011 7:39am
usd/zar daily winding up real tight here on the BRN of 8.000.. great area to watch with the trend I would be more biased to the upside
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  • #104,338
  • Nov 14, 2011 10:05am Nov 14, 2011 10:05am
For the guys at james16 forum, the stuffs at guest material seems to be having some problem. Cant download them, might want to check that out
  • #104,339
  • Nov 14, 2011 11:10am Nov 14, 2011 11:10am
Quoting adaighy
For the guys at james16 forum, the stuffs at guest material seems to be having some problem. Cant download them, might want to check that out
hey adaighy

I just tried them they are working for me. I would suggest trying a different browser, sometimes it's something silly like that

Thanks for the heads up though

Mike
  • #104,340
  • Nov 14, 2011 11:28am Nov 14, 2011 11:28am
Quoting mbqb11
hey adaighy

I just tried them they are working for me. I would suggest trying a different browser, sometimes it's something silly like that

Thanks for the heads up though

Mike
yes Mike,

i could not get it down loaded on chrome but it does work on Fire Fox

Simpleguy
A woman drove me to drink, and I forgot to thank her
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