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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

  • #108,281
  • Mar 1, 2012 10:59am Mar 1, 2012 10:59am
Two interesting charts on both these two crosses.
How would you look at this Mike?
Sit and wait for PA to show us?


http://my.jetscreenshot.com/11256/m_...-ck5h-80kb.jpg


http://my.jetscreenshot.com/11256/m_...-ssjy-82kb.jpg
  • #108,282
  • Mar 1, 2012 11:02am Mar 1, 2012 11:02am
Quoting heebbyjeeby
Two interesting charts on both these two crosses.
How would you look at this Mike?
Sit and wait for PA to show us?


http://my.jetscreenshot.com/11256/m_...-ck5h-80kb.jpg


http://my.jetscreenshot.com/11256/m_...-ssjy-82kb.jpg
Hey Heeb

It's basically just a breakout to watch depending on how you like to play them

Here was my chf/jpy

http://www.forexfactory.com/showthre...21#post5432221

And examples of breakouts you can look for here as per out convo can you spot which of the two this looks like

http://www.forexfactory.com/showthre...72#post5426872


Best
Mike
  • #108,283
  • Mar 1, 2012 11:07am Mar 1, 2012 11:07am
Quoting mbqb11
Hey Heeb

It's basically just a breakout to watch depending on how you like to play them

Here was my chf/jpy

http://www.forexfactory.com/showthre...21#post5432221

And examples of breakouts you can look for here as per out convo can you spot which of the two this looks like

http://www.forexfactory.com/showthre...72#post5426872




Best
Mike
Thanks so much M. I should stop posting anything that comes into my head, lol. Sorry.
  • #108,284
  • Mar 1, 2012 11:10am Mar 1, 2012 11:10am
Quoting heebbyjeeby
Thanks so much M. I should stop posting anything that comes into my head, lol. Sorry.
no bother at all my friend



Mike
  • #108,285
  • Mar 1, 2012 11:12am Mar 1, 2012 11:12am
the chf/jpy has the BRN just above which makes it a bit trickier for an upside break but we know to watch that if it does get there


Eur/jpy is nicer cause we have 108 round number running through the midpoint of the pattern

As I always say

the midpoint of consolidation = ???
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  • #108,286
  • Mar 1, 2012 12:12pm Mar 1, 2012 12:12pm
hey Mike , please check my chart. I just started to learn...
pardon my ignorance...
Attached Image
  • #108,287
  • Mar 1, 2012 12:17pm Mar 1, 2012 12:17pm
Quoting mbqb11

the midpoint of consolidation = ???
PPZ
  • #108,288
  • Mar 1, 2012 12:19pm Mar 1, 2012 12:19pm
These charts do not contain bar confirmations in the strictest sense of what we teach new people but it really doesnt matter. Our advanced material is about as hard to learn as a first grade reading class. Notice i said learn. There is a big difference in this business between knowing how to follow a ethod and making money with it. you learn how to make money by spending time on demo perfecting what you have learned.
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  • #108,289
  • Mar 1, 2012 12:21pm Mar 1, 2012 12:21pm
trades
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  • #108,290
  • Mar 1, 2012 12:22pm Mar 1, 2012 12:22pm
cad
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  • #108,291
  • Edited 1:12pm Mar 1, 2012 12:35pm | Edited 1:12pm
Quoting mbqb11
Hey C

I put some notes on a chart for you

This is what I call a babysit trade or a quick hitter. We have to be protecting ourselves very much. Never validated so no harm no foul. But good learning lesson if it did anyway

Best
Mike
This thread is Lively when you are here Mike . Thanks for being ALIVE in my lifetime Brother !!!
Human
  • #108,292
  • Edited 12:50pm Mar 1, 2012 12:39pm | Edited 12:50pm
Quoting james16
cad
Hi Sir James , In your this chart , the fifth one , you entered on confluence !!! The pin bar formed afterwards !! So based on confluence , your sell order is still around 60 pips below the area of confluence !!! Can you kindly tell me why ?

--------------------------------------------------------------


I need a shoulder to cry on !!! I have just been ignored >
Human
  • #108,293
  • Mar 1, 2012 1:57pm Mar 1, 2012 1:57pm
entered short on Eur/usd
Daily beob
it seems stalling
any reviews would be appreciate
thanks
Don't give up
  • #108,294
  • Mar 1, 2012 2:22pm Mar 1, 2012 2:22pm
Mike
Hello

Gold printed today IB

Do you think he will get this strong barrier or 1700

Thank you very much
  • #108,295
  • Mar 1, 2012 2:59pm Mar 1, 2012 2:59pm
Quoting geomink
entered short on Eur/usd
Daily beob
it seems stalling
any reviews would be appreciate
thanks
FTA was only a few pips away from the break of the bar, as shown by the blue vertical box in my picture.

I dont enter trades if the FTA is too close.
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  • #108,296
  • Mar 1, 2012 4:11pm Mar 1, 2012 4:11pm
Quoting james16
trades
Thank you for posting about the GA trade. I looked at how that was maturing and made my analysis exactly the same. I wasn't confident enough to enter on the retrace but i'm really pleased i saw it too.
  • #108,297
  • Mar 1, 2012 4:16pm Mar 1, 2012 4:16pm
Quoting fafarafa
hey Mike , please check my chart. I just started to learn...
pardon my ignorance...
Attachment
Hey Fafarafa


Here was a chart I marked up on someone else asking about the BUOB

It was a fine trade, just be sure to recognize the area it was trading into so we can prepare ourselves and plan accordingly

And don't excuse yourself we all were and are learning too

Mike
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  • #108,298
  • Mar 1, 2012 6:15pm Mar 1, 2012 6:15pm
Quoting james16
trades
Hi James,
Re the GBPJPY chart u have posted, are to talking abt the 2 confluences:
-PPZ
-EMA support? Is that the 365 EMA? Cos the 365 EMA on my chart (FXpro) is abt 127.6, higher than yours and may have acted as resistance if entry per yours.

Appreciate if u or any seniors here can help me to understand this, thks!
  • #108,299
  • Mar 1, 2012 7:03pm Mar 1, 2012 7:03pm
good question deserves a good answer. i was late. lol.

normally i let it go but i could see there was a very good chance it was going to close as a pin.

Quoting Chanya
Hi Sir James , In your this chart , the fifth one , you entered on confluence !!! The pin bar formed afterwards !! So based on confluence , your sell order is still around 60 pips below the area of confluence !!! Can you kindly tell me why ?

--------------------------------------------------------------


I need a shoulder to cry on !!! I have just been ignored >
  • #108,300
  • Mar 1, 2012 7:05pm Mar 1, 2012 7:05pm
good job bee

Quoting beebolbod
Thank you for posting about the GA trade. I looked at how that was maturing and made my analysis exactly the same. I wasn't confident enough to enter on the retrace but i'm really pleased i saw it too.
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