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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

  • #108,421
  • Mar 5, 2012 6:20am Mar 5, 2012 6:20am
Quoting Pumlitch
Doesn't look bad
Closing above 1.9 would be very pleasant. 500 pips ahead.
Attachment
Quoting Pumlitch
today is the first day after the weekly pin we are closing above 1.9000.
Getting my interest.
BTW, I was already in but got kicked out thanks to early moved stop loss. My usual fault.

Attachment
The story continues. After the daily closed above, I entered on H4 retest of 1.9000 (a few pips above the pin - see arrow). Now at BE + something. Trade is currently +200pips. Will se what will happen.
Great week to all.

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  • #108,422
  • Mar 5, 2012 6:24am Mar 5, 2012 6:24am
Looks like we have got one in the making
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  • #108,423
  • Mar 5, 2012 7:41am Mar 5, 2012 7:41am
Still reading and reading. I think I've read all Jim's and Mikey's posts and charts 5 times over by now. Think i'm ready for 6 months of serious demoing. I notice Jim refers to the base entry a fair bit. Could someone please explain what it is?
  • #108,424
  • Mar 5, 2012 8:13am Mar 5, 2012 8:13am
Quoting Pinbar
The updated signature should lead anyone who wants the RN indicator, to it.
cool little guide of info there

Thanks steve

Mike
  • #108,425
  • Mar 5, 2012 8:14am Mar 5, 2012 8:14am
Quoting mbqb11
cool little guide of info there

Thanks steve

Mike

Morning Mike

How are you today my friend?
  • #108,426
  • Mar 5, 2012 8:20am Mar 5, 2012 8:20am
Quoting heebbyjeeby
Morning Mike

How are you today my friend?
Hey Heeb

Morning to you too

It's been a long night so not much sleep

but for good reasons at least.

here are a couple charts I sent out to the group friday. One's a more advanced continuation entry for you folks who have been doing this for awhile. The other is a traditional reversal bar. These are combined bars, but it's no different then a daily or any other chart
Attached Image(s) (click to enlarge)
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  • #108,427
  • Mar 5, 2012 8:21am Mar 5, 2012 8:21am
Quoting millions
Still reading and reading. I think I've read all Jim's and Mikey's posts and charts 5 times over by now. Think i'm ready for 6 months of serious demoing. I notice Jim refers to the base entry a fair bit. Could someone please explain what it is?
Hey Millions

The base method involves using the EMAs as guides for potential entries(along with confluence). The most common explanation here for the basic base is using the 150ema and 365 ema


For example some of the things is to watch when price approaches these MAs. But also watch the FTB(first time back to these MAs). That's probably the easiest way to use them initially

Hope that helps
Mike
  • #108,428
  • Mar 5, 2012 8:26am Mar 5, 2012 8:26am
Quoting mbqb11
Hey Heeb

Morning to you too

It's been a long night so not much sleep

but for good reasons at least.

here are a couple charts I sent out to the group friday. One's a more advanced continuation entry for you folks who have been doing this for awhile. The other is a traditional reversal bar. These are combined bars, but it's no different then a daily or any other chart
Very interesting stuff! Will watch closely,
Am currently watching NZDCAD closely,
Weekly BEOB bring us out of box. Looking for a retrace to underside of box, took a small position on break of BEOB, up ~10 pips


http://my.jetscreenshot.com/11256/m_...jczu-112kb.jpg

Watching the fib level and PPZ closely.
  • #108,429
  • Mar 5, 2012 10:57am Mar 5, 2012 10:57am
charts
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  • #108,430
  • Mar 5, 2012 11:09am Mar 5, 2012 11:09am
Quoting james16
charts
classic
Hero calls followed by margin calls...
  • #108,431
  • Edited 12:04pm Mar 5, 2012 11:40am | Edited 12:04pm
Quoting mbqb11
Hey Heeb

Morning to you too

It's been a long night so not much sleep

but for good reasons at least.

here are a couple charts I sent out to the group friday. One's a more advanced continuation entry for you folks who have been doing this for awhile. The other is a traditional reversal bar. These are combined bars, but it's no different then a daily or any other chart
Thanks for the great charts, Mike.and James.
  • #108,432
  • Mar 5, 2012 11:42am Mar 5, 2012 11:42am
1.58000 and ema150. I slept through the entrance.
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  • #108,433
  • Mar 5, 2012 11:44am Mar 5, 2012 11:44am
And there slept.
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  • #108,434
  • Mar 5, 2012 11:52am Mar 5, 2012 11:52am
Hey James!

Regarding your GBPJPY recent post with the 2 trendlines+pinbar, what target would you have in mind? I took a look at the Weekly chart and saw this. Is this area a good place to take profits because of a possible bounce/reversal (Fib overlap + resistance zone)?

http://img31.imageshack.us/img31/8738/gbpjpyweekly.png

Thx! I am new on this thread but i have read all the links you posted on the first page and still have a lot to go through, but i really like your methods and approach.
I don't need easy. I just need possible.
  • #108,435
  • Mar 5, 2012 12:08pm Mar 5, 2012 12:08pm
Quoting james16
charts
James , i m on the other side. I see a pin @ 130. If you look left this acted a previous resistance.

Also there is a PPZ @ 130.735
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  • #108,436
  • Mar 5, 2012 12:30pm Mar 5, 2012 12:30pm
Quoting Pumlitch
EDIT: EU is touching previous high so I would wait for long setup during next days rather that go short now.
Chart:
Attachment
there we go. The forming pin doesn't look very strong....hmmmm.

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  • #108,437
  • Mar 5, 2012 12:36pm Mar 5, 2012 12:36pm
Quoting mbqb11
Hey Heeb

Morning to you too

It's been a long night so not much sleep

but for good reasons at least.

here are a couple charts I sent out to the group friday. One's a more advanced continuation entry for you folks who have been doing this for awhile. The other is a traditional reversal bar. These are combined bars, but it's no different then a daily or any other chart
and here are updated charts on both

nothing is better than good volatility like we have been seeing
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  • #108,438
  • Mar 5, 2012 12:36pm Mar 5, 2012 12:36pm
Quoting Caesar95
Hi ddinnov,

May I know why do you call this bar a "BEOB on retrace"?

Caesar
Sorry meant if I was going to play it I would have watched for the price to retrace up some of the BEOB to wait for an entry as opposed to entering on a break.

I didn't do either in the end
Anything can happen.
  • #108,439
  • Mar 5, 2012 12:36pm Mar 5, 2012 12:36pm
Quoting FocusedonFX
Thanks for the great charts, Mike.and James.
cool You are quite welcome


Mike
  • #108,440
  • Mar 5, 2012 1:19pm Mar 5, 2012 1:19pm
Just found this thread and am really enjoying reading through all these posts. It really is a great resource.

I have a pretty simple question about the bar that is formed on the daily chart that starts sunday night and ends 12:00am monday. Just wondering how you factor that candle in.

For example in the USD/JPY chart I uploaded the sunday night candle makes a high similar to friday's high and then drops off and continues to drop into monday. Would you factor sunday night's candle into mondays which looks to be forming a DBHLC.

Thanks.

http://i.imgur.com/KcQvS.jpg
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