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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

  • #107,361
  • Feb 14, 2012 8:40pm Feb 14, 2012 8:40pm
Look how much this pair offered the past week.

This stuff definitely works. That's why I'm learning it.
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  • #107,362
  • Feb 14, 2012 9:29pm Feb 14, 2012 9:29pm
Quoting rolo1128
Hey Mike......Was just reading through your posts(its taking awhile) and noticed you like #9. Im guessing you maybe went to UVM. I live and work close by to btown. Many great beers brewed in VT. I got some of my own fermenting right now.
By the way thanks for all you do here! That goes for everyone that contributes to this thread. Its has totally changed the way I view and treat this business. Thanks.

Rolo
Hey Rolo

I sure did go to UVM! An amazing city!

Welcome to this thread too glad to hear you treating it as a business as well. Step 1 to getting it right

Best
Mike
  • #107,363
  • Feb 14, 2012 11:11pm Feb 14, 2012 11:11pm
Mike,

What is James16 real first name? Jim or James? I m confused.
  • #107,364
  • Feb 14, 2012 11:20pm Feb 14, 2012 11:20pm
Quoting zamfir
Mike,

What is James16 real first name? Jim or James? I m confused.
Hey Zamfir

Both is the answer

In america James and Jim are basically the same thing. Jim is a nickname for James

Best
Mike
  • #107,365
  • Feb 15, 2012 1:18am Feb 15, 2012 1:18am
Quoting biDc
Look how much this pair offered the past week.

This stuff definitely works. That's why I'm learning it.
Wow!
  • #107,366
  • Feb 15, 2012 2:42am Feb 15, 2012 2:42am
Final update on this one .
Price stalled hard on 1.5660 (expected) . Right there are also 365ema and 38.2 fib retracement - a bit of confluence .
It was time retreat and celebrate st. Valentine's day with a beautiful girl , so I closed at the check mark .
A little luck - yes
Happy with the outcome - yes !
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  • #107,367
  • Feb 15, 2012 3:05am Feb 15, 2012 3:05am
Quoting Rust
Final update on this one .
Price stalled hard on 1.5660 (expected) . Right there are also 365ema and 38.2 fib retracement - a bit of confluence .
It was time retreat and celebrate st. Valentine's day with a beautiful girl , so I closed at the check mark .
A little luck - yes
Happy with the outcome - yes !
Some good oppurtunities there on that gbpusd h4 there..
  • #107,368
  • Feb 15, 2012 3:17am Feb 15, 2012 3:17am
Quoting jarroo
Update on the CadJpy . . 2nd target hit . ..Interesting, what I wrote on the chart still applied . .
Nice 1 Jim..... amusingly/annoyingly for me i've been watching this grow for ages now, months in fact, and the day it decides to perform i'm on a short holiday with only my iphone to trade on a shoddy connection.

Needless to say that after all that watching and waiting i missed the best part of it. I actually re-entered and made my stop too small so got taken out for a loss on this, despite having it lined up to perform just as you show on your charts.... grrr.

I think there's many lessons to learn for me here but the one i'm taking as the most important is that my analysis was good, entry spot on, initial stops perfect but holiday timing off. Well worth it tho... had a great time.
  • #107,369
  • Feb 15, 2012 4:45am Feb 15, 2012 4:45am
interesting thing to watch on eurjpy.
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  • #107,370
  • Feb 15, 2012 6:57am Feb 15, 2012 6:57am
Quoting deankenny21
I like this post because you used the word "business"

once you get this established in your brain you are already halfway there
Thanks Dean. I think i have more then a half way to go though. I have just been reading this thread for the past three weeks. Im getting the concept of location and the tools being using. Just practice putting them to use in demo will be the next challenge.

Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #107,371
  • Feb 15, 2012 7:17am Feb 15, 2012 7:17am
Hi Guys!

Something is cooking on EJ.



Edit: Things have drastically changed while i was typing. LOL
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  • #107,372
  • Feb 15, 2012 8:39am Feb 15, 2012 8:39am
Quoting Rust
Final update on this one .
Price stalled hard on 1.5660 (expected) . Right there are also 365ema and 38.2 fib retracement - a bit of confluence .
It was time retreat and celebrate st. Valentine's day with a beautiful girl , so I closed at the check mark .
A little luck - yes
Happy with the outcome - yes !
You will feel 'lucky' the more you do this

Good job Rust, nice clean charts, with logical clean areas

I like

Mike
  • #107,373
  • Feb 15, 2012 9:45am Feb 15, 2012 9:45am
Quoting mbqb11
and just another viewpoint since this ones a hot topic here

82 level ? . .(from your chart)
Indicators show the past. Price Action "Indicates" the future.
  • #107,374
  • Feb 15, 2012 9:48am Feb 15, 2012 9:48am
Quoting jarroo
82 level ? . .(from your chart)
lol 78 level I meant. I have a lot of numbers floating in my fat head
  • #107,375
  • Edited 10:12am Feb 15, 2012 9:50am | Edited 10:12am
I had a discussion with Alex on here a few days ago about looking for A+ trades.

To illustrate the point I thought I would post a chart I've been following for a few weeks now. Think these qualified as A+ trades and These are the type of trades I look for. This is what I have learnt from Jim,Mike and Jaroo(thanks guys).

K.I.S.S. .......As Jim once said we only need 1 or 2 of these a year.


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  • #107,376
  • Feb 15, 2012 9:50am Feb 15, 2012 9:50am
Quoting mbqb11
lol 78 level I meant. I have a lot of numbers floating in my fat head
I thought that's what you meant . .lol . .but you always get my mind thinking, Mike. . .
Indicators show the past. Price Action "Indicates" the future.
  • #107,377
  • Feb 15, 2012 10:00am Feb 15, 2012 10:00am
Quoting Greenhaze
As previously pointed out UJ managed to break this very well defined area. Some guys will probably want to play it with tighter stop and m15 TF presents a good long opportunity. Very good res turned to support and at this m15 level we have long-term and short-term buy orders awaiting to be filled. I would be a bit surprised to see larger drawdown then couple pips if price will get there.
Hey HG

I'm not rulling out Price returning to test this lower HCR level on the UsdJpy (in green).

Much like Price did on the GbpJpy.
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Indicators show the past. Price Action "Indicates" the future.
  • #107,378
  • Feb 15, 2012 10:05am Feb 15, 2012 10:05am
This is the chart I meant to post and it highlights the A++ trades.

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  • #107,379
  • Feb 15, 2012 10:09am Feb 15, 2012 10:09am
Quoting fxkaka
Yes 1.3080 was stronger level, I was a little impatient..
Just remember . . . Patience Pays.

Patience is probabaly the number one characteristic a trader has to have . . I believe patience can be learned. . .you just have to practise at it . .just like everything else . .

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #107,380
  • Feb 15, 2012 10:20am Feb 15, 2012 10:20am
Quoting fxkaka
It is still 30 min. left to close the daily candle. If it is closed above the level then I will look for buy setup at 78.24 - 78.18 area.

Nice chart KayKay . . Bullish PA at that level would be nice .
Indicators show the past. Price Action "Indicates" the future.
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