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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

  • #106,721
  • Edited 8:08am Feb 2, 2012 8:04am | Edited 8:08am
Quoting james16
im fine. what have i been up to? real estate is what i put a lot of my trading profits into. its usually houses in the 50 to 80k range that are good rentals and can easily make 60 to 80 percent return a year on your investment. i plan to show everyone how i do that and how easy it is here this year.

my latest foray is the largest thing i have ever done. its been very stressful and has required my focused attention for the last couple of months. i have partnered with 15 friends and associates to build my cities first upscale assisted and memory...
Went back to look at this again. That is Friggin Awsome.
Why can't someone like you be President?
Newt & Mitch tossing Cow Patties & People like You doing the Real Work.
Just sayin'
I admire your heart. It's certainly in the right place.


B
ps. Profit is not a Four Letter Word. Win : Win

Edit* Add... You Too Mike. Good Form Sir! Good Form.
  • #106,722
  • Feb 2, 2012 8:13am Feb 2, 2012 8:13am
Quoting Rust
Heya Mike ,
do you still play H&S pattern ?
If this seems playable for you , maybe ... or maybe you want to see something else ?
Hey Rust

I certainly do play them, but the formation needs to be much cleaner and obvious then the above. WHile that might be a H&S it's not a well constructed one in my view. Just like all breakout patterns we have very clean to not so clean patterns. Depends on ones style and threshold for the ones to take. I just keep trying to get pickier and pickier though

Best
Mike
  • #106,723
  • Feb 2, 2012 8:14am Feb 2, 2012 8:14am
wt.?
Just noticed this thread is only rated 4 Star.
That's just not right.

Vote Folks.

B
  • #106,724
  • Feb 2, 2012 8:51am Feb 2, 2012 8:51am
Quoting mbqb11
Hey Rust

I certainly do play them, but the formation needs to be much cleaner and obvious then the above. WHile that might be a H&S it's not a well constructed one in my view. Just like all breakout patterns we have very clean to not so clean patterns. Depends on ones style and threshold for the ones to take. I just keep trying to get pickier and pickier though

Best
Mike
Let's see if I get what you're talking about .
I think you will like this scenario better Am i right ?
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  • #106,725
  • Feb 2, 2012 8:54am Feb 2, 2012 8:54am
Quoting Rust
Let's see if I get what you're talking about .
I think you will like this scenario better Am i right ?
Calling 3 Moves is tougher than calling 1.
But i see what you are saying.
Over to Mike

B
  • #106,726
  • Feb 2, 2012 8:57am Feb 2, 2012 8:57am
Quoting Bemac
Calling 3 Moves is tougher than calling 1.
But i see what you are saying.
Over to Mike

B
It is for educational purpose
  • #106,727
  • Feb 2, 2012 8:59am Feb 2, 2012 8:59am
Quoting Rust
Let's see if I get what you're talking about .
I think you will like this scenario better Am i right ?
Hey Rust

Yes if that exact scenario occurred it would be more well structured , exactly

Patterns are just like bars. We have poodle patterns and pitbull paterns. That one is somewhere in the terrier family lol

Just keep thinking about these little things and they go a long way, at least in helping one analyze past and future trades

Mike
  • #106,728
  • Feb 2, 2012 9:03am Feb 2, 2012 9:03am
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Incase you don't know how.

B
  • #106,729
  • Edited 10:37am Feb 2, 2012 9:20am | Edited 10:37am
Thanks Mike . For gazilion-th time

@Bemac : I don't have this . Maybe I vote before and forget about it !?
  • #106,730
  • Feb 2, 2012 10:00am Feb 2, 2012 10:00am
Quoting mbqb11
Hey Rust

Yes if that exact scenario occurred it would be more well structured , exactly

Patterns are just like bars. We have poodle patterns and pitbull paterns. That one is somewhere in the terrier family lol

Just keep thinking about these little things and they go a long way, at least in helping one analyze past and future trades

Mike
Thing about Terriers is they Don't let Go.
Just imagine one latched onto the ankle of A Bull.

B
  • #106,731
  • Feb 2, 2012 10:41am Feb 2, 2012 10:41am
Quoting Bemac
Thing about Terriers is they Don't let Go.
Just imagine one latched onto the ankle of A Bull.

B
  • #106,732
  • Feb 2, 2012 10:44am Feb 2, 2012 10:44am
Quoting mbqb11
Cool. Keep it in mind.
Those Scots don't go away. lol
B
  • #106,733
  • Feb 2, 2012 11:03am Feb 2, 2012 11:03am
AUDUSD D1
Nice PPZ+pin forming.
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Please rate it.
Gold D1 pinbar failed.

Pinbar, thanks again for your template.
I like it.
  • #106,734
  • Feb 2, 2012 11:11am Feb 2, 2012 11:11am
Quoting Pokemon
AUDUSD D1
Nice PPZ+pin forming....
Stop. Think. Even if the PB Fails, What did it tell you?

B
  • #106,735
  • Feb 2, 2012 11:15am Feb 2, 2012 11:15am
Quoting Bemac
Stop. Think. Even if the PB Fails, What did it tell you?

B
I dont got it, but i guess you wanted me to understand, that i should wait for this candle closing?
  • #106,736
  • Feb 2, 2012 11:18am Feb 2, 2012 11:18am
Quoting Pokemon
I dont got it, but i guess you wanted me to understand, that i should wait for this candle closing?
No! Just the Opposite. Consider The Market NOW.
Bars Closing is a Variable.

Not a Trade Rec just a heads up.

B
  • #106,737
  • Feb 2, 2012 11:25am Feb 2, 2012 11:25am
Quoting Bemac
No! Just the Opposite. Consider The Market NOW.
Bars Closing is a Variable.

Not a Trade Rec just a heads up.

B
Ok, i got it. Thanks
  • #106,738
  • Edited 2:57pm Feb 2, 2012 12:39pm | Edited 2:57pm
Quoting Pinbar
Totally agree on the area Jim.

It worked out well for those that took it.
And I totally agree with you Pinbar . . if that PB was biggger and grander . .the "nose" taking out previous bar Highs, etc. Mike would have taken it . . .and James16 would have posted a chart on it . . .


Great location . . . but no big PA . . pass.

Its pickiness like that, Pinbar, that will make you a great trader . .even if the passed trade works out.

Its this type of thinking that makes this statement ring true : . . .

"We're not trying to trade every day, we're trying to win every time we trade" - James16

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #106,739
  • Feb 2, 2012 12:48pm Feb 2, 2012 12:48pm
  • #106,740
  • Edited Feb 3, 2012 7:05am Feb 2, 2012 12:51pm | Edited Feb 3, 2012 7:05am
noticed a good long trade opportunity @ EURAUD. It seems a bearish trend going to consolidate a little bit



Edit: image corrected.
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all is eternal - this is good news for people who loves bad news
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