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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

  • #106,521
  • Jan 29, 2012 9:40pm Jan 29, 2012 9:40pm
Quoting Variance
Thanks Mike,

That's a lot of wizdom there!

I'm just curious though, if the same scenario was to occur on a Wednesday at around 10:05AM Eastern Time with a strong close and a strong follow through like this retouched version, would you take it? Will there be anything stopping you from taking it?
Hey V

I would want to see a close above the bar close/opens around 120.70, then at a good time of day I would be ok with taking it looking for that "space" to fill up near 121.20. Also the bar lows(left eye) would be key trade mgmt area


Best
Mike
  • #106,522
  • Jan 30, 2012 1:57am Jan 30, 2012 1:57am
Quoting jarroo
A bigger "nose" on the PB would have made it ideal . .totally a locational trade . Its a Monthly HCR with Monthly 150ema confluence. and three Daily HCR levels lining up on the Daily . .Strength.

Now if Price can Close above the level . .up we go, potentially. . .

Totally agree on the area Jim.

It worked out well for those that took it.
  • #106,523
  • Jan 30, 2012 2:08am Jan 30, 2012 2:08am
Hello guys!
Is it worth to read this topic from the 1st page?
  • #106,524
  • Jan 30, 2012 2:24am Jan 30, 2012 2:24am
Quoting Pokemon
Hello guys!
Is it worth to read this topic from the 1st page?
YES! The most helpful thread I've ever seen
A woman drove me to drink, and I forgot to thank her
  • #106,525
  • Jan 30, 2012 2:51am Jan 30, 2012 2:51am
Quoting Pokemon
Hello guys!
Is it worth to read this topic from the 1st page?
Read my signature
  • #106,526
  • Jan 30, 2012 2:56am Jan 30, 2012 2:56am
Quoting Pokemon
Hello guys!
Is it worth to read this topic from the 1st page?
It's a REQUIREMENT!!
  • #106,527
  • Jan 30, 2012 3:08am Jan 30, 2012 3:08am
Quoting simpleguy
YES! The most helpful thread I've ever seen
Quoting dfumagalli
Read my signature
Quoting beebolbod
It's a REQUIREMENT!!
Thank you very much!
  • #106,528
  • Jan 30, 2012 4:04am Jan 30, 2012 4:04am
Quoting Pokemon
Hello guys!
Is it worth to read this topic from the 1st page?
Yep!
  • #106,529
  • Jan 30, 2012 4:54am Jan 30, 2012 4:54am
You should need years to read it all , but at least the 200-300 pages of the beginning , the 100 last and all posts of the people you find posting in both beginning and now And it will still take you a lot of time , but you won't regret it if you are serious about trading
  • #106,530
  • Jan 30, 2012 5:38am Jan 30, 2012 5:38am
Quoting jarroo
Just as we predicted . . .right beebolbod? . . .
Hehe, only wish i'd taken it! Missed that one in the end J. i'm currently struggling to stay on top of my watchlist. Stuff gets missed.

This interests me as per my post a few pages back...

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Love how it broke down as anticipated/hoped for, bounced off 365 and is now coming back to test this previous level of support. See how price behaves at the line for possible entry short. Aware of 365 so TM important if taken. Just watching for now
  • #106,531
  • Jan 30, 2012 6:09am Jan 30, 2012 6:09am
Quoting mbqb11
Hey V

I would want to see a close above the bar close/opens around 120.70, then at a good time of day I would be ok with taking it looking for that "space" to fill up near 121.20. Also the bar lows(left eye) would be key trade mgmt area


Best
Mike
Thank you Mike,

World class as usual
  • #106,532
  • Jan 30, 2012 6:13am Jan 30, 2012 6:13am
Quoting Pokemon
Hello guys!
Is it worth to read this topic from the 1st page?
You can read the whole thing.... or you can read all of Mike's posts.... First
  • #106,533
  • Jan 30, 2012 6:44am Jan 30, 2012 6:44am
Haven't seen anyone mention the USDJPY weekly PB, something I am watching. :-)
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Price is beautiful. A repetitive method is a competitive method.
  • #106,534
  • Jan 30, 2012 7:29am Jan 30, 2012 7:29am
Quoting Fx7877
hey guys,
I've been MIA for more than a month, feeling rusty! My fxpro acct even got disabled as I haven't login for more than 30days (which i was not aware of since its not stated on the web). Now have to go thru whole process of setting it up again, grrrr

Hope to gain some momentum in the next few days, see u all around!
welcome back Fx,

don't worry after a few days you'll feel back in the groove of things. I feel the same way if I miss a few days. That and my inbox hates me too if I do that.


Best
Mike
  • #106,535
  • Jan 30, 2012 7:41am Jan 30, 2012 7:41am
EU looks like we have an interesting area to keep an eye on.
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  • #106,536
  • Jan 30, 2012 8:01am Jan 30, 2012 8:01am
Thanks Mike i will definitivly post more in the future.

Quoting mbqb11
Hey Luca

Firstly welcome
But secondly I am very impressed with your first post. I can clearly tell you have been studying this thread. By the way you describe this potential bar and the surrounding areas for a new poster is very impressive. While I wouldn't take this one cause of the negatives you brought up, the fact you brought up those negatives and where price may stall etc is great.
Welcome and I hope you do post more in the future
Mike


Quoting nwo-trader
Haven't seen anyone mention the USDJPY weekly PB, something I am watching. :-)
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  • #106,537
  • Jan 30, 2012 8:11am Jan 30, 2012 8:11am
Hi Jim

first I will thank you & mbqb11 and all the others for this great thread! Since a few days I read the latest posts and also began to read it from start. I have read 20 or 30 pages so far, but I have learned more than in the last year in several books!
Thanks a lot!


Quoting jarroo
If Price comes back to this 1.0075 level . .bearish PA or a TT ...
Can you tell me what you mean with "TT", I don't find it in the terminology post.

thankyou
  • #106,538
  • Jan 30, 2012 8:26am Jan 30, 2012 8:26am
Asked this question last week but I guess nobody saw.

Just wanted a little feedback on the trade. I saw the PA getting close to resistance Last Friday. Saw the spinning top and then the bearish inside bar. Other indicators were looking good so I took a short position.

Still in this trade


Anyone else take this ???

Comments?

Thanks
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"Greed is good,greed is right,greed works"
  • #106,539
  • Jan 30, 2012 8:30am Jan 30, 2012 8:30am
Quoting Rust
You should need years to read it all
Nope, I think 3-4 month.
  • #106,540
  • Jan 30, 2012 8:46am Jan 30, 2012 8:46am
Quoting Gekko78
Asked this question last week but I guess nobody saw.

Just wanted a little feedback on the trade. I saw the PA getting close to resistance Last Friday. Saw the spinning top and then the bearish inside bar. Other indicators were looking good so I took a short position.

Still in this trade


Anyone else take this ???

Comments?

Thanks
Interesting area it just broke through that, I had been watching on my charts.
May want to watch this area to see if price pulls back to it and shows bearish PA here, or if it closes above it.

Could really move rapidly from here.
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