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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

  • #108,641
  • Mar 9, 2012 11:20pm Mar 9, 2012 11:20pm
Gold reject off 150 EMA, BUOB over the previous bar.

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won't it be a good TT at 1706 area? two previous lows.

thats corresponds to the EMA at 4 hour TF:

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  • #108,642
  • Mar 9, 2012 11:24pm Mar 9, 2012 11:24pm
this looks interesting..weekly TF PB off EMA..

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  • #108,643
  • Mar 10, 2012 12:08am Mar 10, 2012 12:08am
Quoting fascist
technically, why would you like to buy at that level? im puzzled.
Box bottom. I do not think that on Monday at once will start to punch. The price should make recoil.
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  • #108,644
  • Mar 10, 2012 12:23am Mar 10, 2012 12:23am
Support, fibo 50 %, a trend line, 150ema. Merge.
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  • #108,645
  • Edited 7:25am Mar 10, 2012 7:15am | Edited 7:25am
Gut-en morgan!
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  • #108,646
  • Edited 7:38am Mar 10, 2012 7:36am | Edited 7:38am
Gut morning traders
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  • #108,647
  • Mar 10, 2012 8:10am Mar 10, 2012 8:10am
Solid trade
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  • #108,648
  • Mar 10, 2012 9:19am Mar 10, 2012 9:19am
Look like couple of IPB's or "G" bars on GBPJPY and AUDJPY.

Comments ?
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  • #108,649
  • Mar 10, 2012 9:01pm Mar 10, 2012 9:01pm
nice chart to watch

Clean and simple. Clear PPZ and clear resistance right at the BRN(how many times do we see that )
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  • #108,650
  • Mar 10, 2012 9:06pm Mar 10, 2012 9:06pm
Quoting mbqb11
nice chart to watch

Clean and simple. Clear PPZ and clear resistance right at the BRN(how many times do we see that )
Hello Mike
Hope weekend is going well.


Which chart are you referring to?
  • #108,651
  • Mar 10, 2012 10:18pm Mar 10, 2012 10:18pm
Quoting heebbyjeeby
Hello Mike
Hope weekend is going well.


Which chart are you referring to?
sorry Heeby, it didn't upload the first time it's there

Just the basics, easy support and resistance, the building block of all building blocks

Hope you weekend is good too
Mike
  • #108,652
  • Mar 10, 2012 11:32pm Mar 10, 2012 11:32pm
Quoting mbqb11
nice chart to watch

Clean and simple. Clear PPZ and clear resistance right at the BRN(how many times do we see that )
Nice chart Mike and well explained, if people here are learning thats one post and chart to print out and keep in your log book or whatever you keep, if you dont keep one, start one now!

It can be as simple as Mike says, mark these areas watch for pinbars off an area and pull the trigger.
  • #108,653
  • Mar 11, 2012 1:15am Mar 11, 2012 1:15am
Quoting cprao
Look like couple of IPB's or "G" bars on GBPJPY and AUDJPY.

Comments ?
We have quite a few running on the yens...

The bar on Aud/Yen looks good but I am skeptical on Gj, the bar prior to this week's was a good one, that did its thing, I wouldn't be close to as confident on this second go.

g.
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I believe . . .
  • #108,654
  • Mar 11, 2012 9:23am Mar 11, 2012 9:23am
Quoting mbqb11
nice chart to watch

Clean and simple. Clear PPZ and clear resistance right at the BRN(how many times do we see that )
nice chart....

guys ! really..... everyone can trade such structures...you just have to wait for these setups...and the money will do its job...

patience

thanks for the chart mike,

kindest regards,
Jonas
Hero calls followed by margin calls...
  • #108,655
  • Mar 11, 2012 9:24am Mar 11, 2012 9:24am
Quoting Variance
Solid trade
well entry,exit, stop ? what made u buying selling ?

please tell us s.th about your trade...your chart is useless for us without any description...
Hero calls followed by margin calls...
  • #108,656
  • Mar 11, 2012 9:25am Mar 11, 2012 9:25am
Quoting ghous
We have quite a few running on the yens...

The bar on Aud/Yen looks good but I am skeptical on Gj, the bar prior to this week's was a good one, that did its thing, I wouldn't be close to as confident on this second go.

g.
Thank you Ghous. on GJ, was the previous weekly bar on GJ a IPB ? The close of the previous bar higher than it's previous bar.

Yes. on GJ, there are three bars almost next to each other, which does not make a perfect IPB setup, right ?
  • #108,657
  • Mar 11, 2012 9:43am Mar 11, 2012 9:43am
Quoting PhAnTi'
nice chart....

guys ! really..... everyone can trade such structures...you just have to wait for these setups...and the money will do its job...

patience

thanks for the chart mike,

kindest regards,
Jonas
I wish when I first learned I would have just plotted lines as simple as this and simply observed price. Not even traded. It's very hard to keep ourselves on track in a simple way when we are new. We just want to absorb as much as fast as possible.

Very important to take things slow and learn these things in a proper way. Will pay off so much better in the long run

Hope everyone had a great weekend back to trading!

Mike
  • #108,658
  • Mar 11, 2012 9:54am Mar 11, 2012 9:54am
Quoting mbqb11
I wish when I first learned I would have just plotted lines as simple as this and simply observed price. Not even traded. It's very hard to keep ourselves on track in a simple way when we are new. We just want to absorb as much as fast as possible.

Very important to take things slow and learn these things in a proper way. Will pay off so much better in the long run

Hope everyone had a great weekend back to trading!

Mike
wise words....
Hero calls followed by margin calls...
  • #108,659
  • Mar 11, 2012 10:27am Mar 11, 2012 10:27am
Quoting farbeh
Hello all,

Great thread - thanks for all the wisdom. I am still very much in the demo/learning phase. I wanted your comments /advise on entering a trade south on RN 1.05 based on the pB at 1.075. based on the previous comments the tail is not long enough to be an A trade but looks lonely enough out there for a grab!
Thanks
Farshad
Hey Farshad

Welcome to the thread

Yes you are right that was a super tiny pinbar(even the tiny ones can work) BUT we have to be real careful with them especially when learning. If you wanted to play this one you would have wanted to sell much higher up, on the break of the bar(when the low is taken out to validate the pinbar), or on the close(more aggressive) or on a retrace(more aggressive). If we enter now price has already far exceeded the first trouble areas(FTA) so it would be jumping in late. So you lose a lot of that info if you jump in now since the market has already done its thing with this pinbar(in terms of the first break that we would then be looking to get our stops to b/e, take some off the table, or look to reduce risk).

Hope that makes sense and again welcome
Mike
  • #108,660
  • Mar 11, 2012 10:37am Mar 11, 2012 10:37am
Thanks Mike, makes good sense. At this stage would one wait for a retrace on lower tF to any confluence for a re/entry? as in the weekly e.g. bounce of the red zone.

Farshad
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