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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

  • #107,541
  • Feb 16, 2012 9:15pm Feb 16, 2012 9:15pm
CHARTS
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  • #107,542
  • Feb 16, 2012 9:18pm Feb 16, 2012 9:18pm
chart
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  • #107,543
  • Feb 16, 2012 9:20pm Feb 16, 2012 9:20pm
someone help fx with this. mike spent two months trying to help my old brain figure it out. its not hard you just need the steps and i dont have them written down.

Quoting Fx7877
James,
How do u set alert to go to your mobile? Is the service free? Thks
  • #107,544
  • Feb 16, 2012 9:30pm Feb 16, 2012 9:30pm
CHART
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  • #107,545
  • Feb 16, 2012 9:37pm Feb 16, 2012 9:37pm
Quoting Fx7877
James,
How do u set alert to go to your mobile? Is the service free? Thks
you could use this FX at least to email you that should ring your phone
http://alertfx.com/
  • #107,546
  • Feb 16, 2012 9:46pm Feb 16, 2012 9:46pm
CHART
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  • #107,547
  • Feb 16, 2012 9:47pm Feb 16, 2012 9:47pm
IM NOT SURE BUT I THINK THEY SHUT THAT DOWN. IT WAS FOR A WHILE. IS IT BACK AND RUNNING?


oops sorry caps.

Quoting mbqb11
you could use this FX at least to email you that should ring your phone
http://alertfx.com/
  • #107,548
  • Feb 16, 2012 9:52pm Feb 16, 2012 9:52pm
Quoting james16
IM NOT SURE BUT I THINK THEY SHUT THAT DOWN. IT WAS FOR A WHILE. IS IT BACK AND RUNNING?


oops sorry caps.
haha thumb keyboard?

Not sure if it works, I don't use them but I always tell people that site. Either it works or everyone is just trying to be nice to me lol
  • #107,549
  • Feb 16, 2012 9:53pm Feb 16, 2012 9:53pm
Great charts Jim . .


Now you guys know where I got my stuff . .

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #107,550
  • Feb 16, 2012 9:58pm Feb 16, 2012 9:58pm
Quoting james16
CHART
James,
Just want to clarify if you mean entry at the confluence area of TL & pivot WITHOUT waiting for bar confirmation in this CHFJPY example?

Quoting mbqb11
you could use this FX at least to email you that should ring your phone
http://alertfx.com/
Thanks Mike, will have a look.
  • #107,551
  • Feb 16, 2012 10:01pm Feb 16, 2012 10:01pm
Quoting Fx7877
James,
Just want to clarify if you mean entry at the confluence area of TL & pivot WITHOUT waiting for bar confirmation in this CHFJPY example?


Thanks Mike, will have a look.
yep this is what is called a touch trade. Buying without bar confirmation


Best
Mike
  • #107,552
  • Feb 16, 2012 10:02pm Feb 16, 2012 10:02pm
Quoting mbqb11
haha thumb keyboard?

Not sure if it works, I don't use them but I always tell people that site. Either it works or everyone is just trying to be nice to me lol
Mike, u mean u don't use alertFX.com or u don't use any form of alerts at all? Been wondering how u and other seniors here keep close tabs on potential setups which we have been watching closely for long time but we can't be at the our monitor all times ,yet it wld be a waste if we missed a setup we've been watching closely. Do u guys trade with smart phone or something while on the go?
  • #107,553
  • Feb 16, 2012 10:05pm Feb 16, 2012 10:05pm
Quoting Fx7877
Mike, u mean u don't use alertFX.com or u don't use any form of alerts at all? Been wondering how u and other seniors here keep close tabs on potential setups which we have been watching closely for long time but we can't be at the our monitor all times ,yet it wld be a waste if we missed a setup we've been watching closely. Do u guys trade with smart phone or something while on the go?
I use sound alerts since I am by my computer most of the day. If I am away and have to manage trades generally I make time for it or know I don't need to be closely monitoring. My style of trading is a bit more lenient so I don't babysit my trades all to often

I can post my sound alerts if you want them though

Mike
  • #107,554
  • Feb 16, 2012 10:07pm Feb 16, 2012 10:07pm
Quoting biDc
Continuing with that post. Already two more trades to add to just one pair.

That was a great weekly level on the GU, biDc . .
Indicators show the past. Price Action "Indicates" the future.
  • #107,555
  • Feb 16, 2012 10:13pm Feb 16, 2012 10:13pm
Quoting mbqb11
I use sound alerts since I am by my computer most of the day. If I am away and have to manage trades generally I make time for it or know I don't need to be closely monitoring. My style of trading is a bit more lenient so I don't babysit my trades all to often

I can post my sound alerts if you want them though

Mike
Would like to hear what your sound alerts are, "SHOW ME THE MONEY", "SHOW ME THE MONEY", lol!

Back to biz. U showed a chart earlier abt BUOB at BRN on GBPPLN. Now this chart has printed a bearish PB. How do u view this setup now? Does this bearish PB negate the previous BUOB? Or wld it be a good short entry now if the PB breaks? THks
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  • #107,556
  • Feb 16, 2012 10:16pm Feb 16, 2012 10:16pm
Quoting mbqb11
Hey Caesar

For me it's really just a visual thing. I know some people like to measure the bar vs X amount of previous bars. I find it easier to just look at it. The most common issues I think I see people have is that they zoom in their charts to much and it gives a bit of a skewed view on the true strength of a bar.

So in the case of the cad/jpy we can see the previous bar was a VERY big quadruple bar low higher close. And the pin was much smaller. So we are fighting up stream in this case and the first trouble areas become CRUCIAL.

Let...
Thanks Mike, I think i get it.
"Nature's law" is called "Reason". When perfectly understood by human it is
  • #107,557
  • Feb 16, 2012 10:16pm Feb 16, 2012 10:16pm
Quoting Fx7877
Would like to hear what your sound alerts are, "SHOW ME THE MONEY", "SHOW ME THE MONEY", lol!

Back to biz. U showed a chart earlier abt BUOB at BRN on GBPPLN. Now this chart has printed a bearish PB. How do u view this setup now? Does this bearish PB negate the previous BUOB? Or wld it be a short entry now if the PB breaks? THks
Hey FX

Nope it's some very annoying tune. It's gone off during a few webinars and people have been like what the hell is that lol

I closed out at the previous marked area on the chart I posted Reason being it was very likely for what is happening to happen. This wasn't a trade I felt worth holding(unlike the usd/jpy I am in ).

This pinbar is now in a boxed area, or trading into major trouble. Mostly the blue marked area and the BRN. This is part of the reason that it wasn't worth holding on my trade. It's likely we get a test of this area before moving higher(if we move higher which seems likely).

Best
Mike
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  • #107,558
  • Feb 16, 2012 10:28pm Feb 16, 2012 10:28pm
Hi folks

forgot to post the chart last time

anyway, we have a 12 hr PB but the Daily close could have been better

I have a Sell Limit at 1.4570 with a 25 pip SL

Similar play on the EU-G but buying

Any thoughts?

Cheers

Anthony
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  • #107,559
  • Feb 16, 2012 11:57pm Feb 16, 2012 11:57pm
Quoting james16
there is nothing wrong with the way you did it. yours is spot on. when im trying to get a pivot and a trendline to line up the most critical thing to me is do they line up on a large round number? as a result i will fudge just a hair. your trendline and your pivot interesection MUST HAVE CONFLUENCE WITH A LARGE ROUND NUMBER ESPECIALLY IF YOU ARE NOT USING A BAR CONFIRMATION.
Thanks jim !
  • #107,560
  • Feb 17, 2012 3:00am Feb 17, 2012 3:00am
Quoting james16
CHART
James,

That looks like a BUOB (previous bar) Would you think this could be a good set up?

Caesar
"Nature's law" is called "Reason". When perfectly understood by human it is
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