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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

  • #108,561
  • Mar 7, 2012 11:43pm Mar 7, 2012 11:43pm
Quoting deankenny21
90% is pretty normal for J16 trades over here, so i would say yes to that, i did 14 trades for February, 12 profitable, 1 breakeven, 1 loss

I mostly traded USDCHF with 7 trades, all playing inside a consolidation box, my favourite

Cant thank JAmes and the guys here enough
Very nice Dean
  • #108,562
  • Mar 8, 2012 12:43am Mar 8, 2012 12:43am
Quoting jarroo
I like the Weekly levels and the current Daily IB looks good . .

Should be fun to watch . .
Quoting jarroo
Price is currently dealing with the 1st target of this Daily IB . .
thanx Jim for the reply its just cool that such experienced people like you share their knowledge with newbies!
  • #108,563
  • Mar 8, 2012 2:24am Mar 8, 2012 2:24am
GU hiting 150 EMA, trendline resistance and 50 fib confluence.

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  • #108,564
  • Mar 8, 2012 3:00am Mar 8, 2012 3:00am
Quoting fascist
GU hiting 150 EMA, trendline resistance and 50 fib confluence.

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Could be... i wouldn't as i prefer to trade from top/bottom of boxes and i see price in middle of one. Pls excuse the messy chart... i think you can see what i mean though.

Doesn't mean it's not a valid trade - just not one i'd take.

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  • #108,565
  • Mar 8, 2012 3:29am Mar 8, 2012 3:29am
Quoting fafarafa
thanx Jim for the reply its just cool that such experienced people like you share their knowledge with newbies!
Hey fafara . . Looks like the ChfJpy is unfolding nicely. . hitting targets along the way.

You can see that once we understand the bigger story . .this story being a common market dynamic of Resistance flipping to Support on the Weekly . .we can look for PA setups that fit into that story. . .not the other way around . .


I do like your chart on the Daily ChfJpy . .building the story of confluences . .

Nice job . .


Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #108,566
  • Mar 8, 2012 3:32am Mar 8, 2012 3:32am
This daily PA things does seem to do the job well.

OK, its just 1 week since I've started to trade this way, but all trades I took were profitable. 5 out of 5.
Actually, one was not, but that was my mistake for going down to 1H, not a failed trade per se.

And since I am able to do this as a novice trader everyone can.

5 stars.
Thoughts are things
  • #108,567
  • Mar 8, 2012 3:38am Mar 8, 2012 3:38am
Quoting Pinbar
Thanks Jim

Yes there was a good TT opportunity at 0.822 & Indeed looks like 0.81725 is acting as support.

Looks like our levels are flipping back to Support, Pinbar. . .these things happen . .
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Indicators show the past. Price Action "Indicates" the future.
  • #108,568
  • Mar 8, 2012 3:41am Mar 8, 2012 3:41am
Quoting Quezoy
This daily PA things does seem to do OK, its just 1 week since I've started to trade this way, but all trades I took were profitable. 5 out of 5.
Actually, one was not, but that was my mistake for going down to 1H, not a failed trade per se.

And since I am able to do this as a novice trader everyone can.

5 stars.
Nice Q . .care to share a chart or two on any of them ?. .
Indicators show the past. Price Action "Indicates" the future.
  • #108,569
  • Mar 8, 2012 3:43am Mar 8, 2012 3:43am
Quoting jarroo
Looks like our levels are flipping back to Support, Pinbar. . .these things happen . .
Same with the AudUsd . .
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Indicators show the past. Price Action "Indicates" the future.
  • #108,570
  • Mar 8, 2012 3:43am Mar 8, 2012 3:43am
Quoting jarroo
Nice Q . .care to share a chart or two on any of them ?. .
I'll give you the link to my journal.
Daily PA starts with post 15
Thoughts are things
  • #108,571
  • Mar 8, 2012 3:44am Mar 8, 2012 3:44am
Quoting Quezoy
I'll give you the link to my journal.
Daily PA starts with post 15

Thanks . . ..
Indicators show the past. Price Action "Indicates" the future.
  • #108,572
  • Mar 8, 2012 3:58am Mar 8, 2012 3:58am
Quoting Greenhaze
Just becouse of strong equities correlation its worth to note the strong resistance on Dow @12865 which might have high impact on USD & JPY pairs.

1.0655 is a strong resistance on AU which offer an entry with very tight stop and possibly no DD.
OK. Sell orders were filled. Lets see how low can that thing fall now.
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  • #108,573
  • Mar 8, 2012 4:07am Mar 8, 2012 4:07am
Quoting Greenhaze
OK. Sell orders were filled. Lets see how low can that thing fall now.
Interesting story you got there GH . . I'll be watching . .
Indicators show the past. Price Action "Indicates" the future.
  • #108,574
  • Mar 8, 2012 4:15am Mar 8, 2012 4:15am
Quoting jarroo
Interesting story you got there GH . . I'll be watching . .
Yeah.. Markets are driven by expectations of Greece PSI outcome atm.... Dont like the PA much on the majors hence the positions is smaller.
  • #108,575
  • Mar 8, 2012 5:02am Mar 8, 2012 5:02am
Jim & Mike

Yeah, I realize he was probably going to go to BE real quick but, even so, is it really worth risking the SL for such a setup?
  • #108,576
  • Mar 8, 2012 5:31am Mar 8, 2012 5:31am
Quoting jarroo
Looks like our levels are flipping back to Support, Pinbar. . .these things happen . .

Yes, I think this older Sp seems to be still in effect.
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  • #108,577
  • Mar 8, 2012 5:57am Mar 8, 2012 5:57am
89.02 looks like an interesting area, to keep an eye on.
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  • #108,578
  • Mar 8, 2012 6:30am Mar 8, 2012 6:30am
Quoting jarroo
Looks like our levels are flipping back to Support, Pinbar. . .these things happen . .
Is it means that the HCR Daily still valid?

If yes, I can still play the TT at the HCR level or wait for PA bull at lower TF.
  • #108,579
  • Mar 8, 2012 7:06am Mar 8, 2012 7:06am
Hi,
what do you say about this one ?
BEOB off the trendline and EMA50.
I took this one
Chart is from FreeStockCharts.com

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  • #108,580
  • Mar 8, 2012 7:14am Mar 8, 2012 7:14am
Quoting trc
Hi,
what do you say about this one ?
BEOB off the trendline and EMA50.
I took this one
Chart is from FreeStockCharts.com

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yes chf is going up against all currencies..see usd/chf..
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