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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

  • #108,901
  • Mar 17, 2012 10:02am Mar 17, 2012 10:02am
Quoting PhAnTi'
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Hero calls followed by margin calls...
  • #108,902
  • Mar 17, 2012 3:08pm Mar 17, 2012 3:08pm
Quoting 5.25
Hi there

I'm neither Mike or Jarroo but happy to chip in.

I would leave your trades to the seniors, only I will say that your feed maybe hindering you.

I've attached a chart based on your EURUSD 4h example and how different your trade plan could have been if using a NYC close:

- White chart, NYC close
- Black chart (yours) not NYC close
- The levels in red are what I currently have on my chart and are not drawn in hindsight. If you are using the close of a bar on a different feed, they will be in different locations.
- Highlighted PB was...
Thank's 5.25. I'v been noticing very good setups on both feeds so I watch oanda and fxpro. I coudn't see a Daily LCS intersecting with that pin only the 4hr matched up or I would have taken it!
  • #108,903
  • Mar 17, 2012 3:19pm Mar 17, 2012 3:19pm
Quoting mbqb11
Hey Equi

Sorry wasn't much help here but if you want me to go back over the entries themselves I would be more then glad to just let me know

Best
Mike
Yes please do, you're always very helpful..

thanks
  • #108,904
  • Edited 7:06pm Mar 17, 2012 5:37pm | Edited 7:06pm
Quoting equivestor12
Yes please do, you're always very helpful..

thanks
FTA are super important equi and I think you really did a great job on them. But then combine that knowledge with better understanding of our entries and we are almost there.

Here are charts with notes on them. I hope it helps
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  • #108,905
  • Mar 17, 2012 5:49pm Mar 17, 2012 5:49pm
Quoting mbqb11
Hey Dave

I personally like to see the next bar break. It's a way I measure momentum. And it keeps me consistent. BUT I certainly don't believe that you have to do it that way. I think the bar still remains in play but as new bars print you may want to re-evaluate depending on the setup/location. Many people leave the order pending until it either triggers or the bar invalidates

Best
Mike
Thanks, Mike.

I was thinking along the same lines. It seems like a little better trade is developing when price continues moving in the same direction right after breaking the pin. At least, it might move enough to get the stop to BE and avoid a loss that way.
  • #108,906
  • Mar 17, 2012 6:23pm Mar 17, 2012 6:23pm
Quoting mbqb11
FTA are super important equi and I think you really did a great job on them. But then combine that knowledge with better understanding of our entries and we are almost there.

Here are charts with notes on them. I hope it helps
well done, youve explained moves after the fact...
Grabbing the bull by the horns!
  • #108,907
  • Mar 17, 2012 6:28pm Mar 17, 2012 6:28pm
Quoting whitegoodman
well done, youve explained moves after the fact...
you are more then welcome to look at my charts where i do it in real time all the time too for free in this thread. But that would just take time and effort. How else can I explain a situation if it already occurred lol

Plenty of other threads to troll

Mike
  • #108,908
  • Mar 17, 2012 6:41pm Mar 17, 2012 6:41pm
so back to useful stuff

here is one I sent out to the group I am still in

Equity chart, but it's no different then FX. Check out other markets allows you to be VERY picky

Hope everyone enjoys the rest of the weekend and march madness

Mike
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  • #108,909
  • Mar 17, 2012 6:52pm Mar 17, 2012 6:52pm
a quick look at EU 4hr. Mike let me know what your opinion is on this if possible

My s/r was drawn and was right next to xx00 number so moved it up slighly. 61.8 fib lands right on the RN level. Could offer a decent short opportunity if PA occurs at that level.
  • #108,910
  • Mar 17, 2012 7:01pm Mar 17, 2012 7:01pm
Quoting mbqb11
FTA are super important equi and I think you really did a great job on them. But then combine that knowledge with better understanding of our entries and we are almost there.

Here are charts with notes on them. I hope it helps

When space "Funs Out". I think Mike just created a new terminology, got to add it to the list. Love it Mike.
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  • #108,911
  • Mar 17, 2012 7:04pm Mar 17, 2012 7:04pm
Quoting Pinbar
When space "Funs Out". I think Mike just created a new terminology, got to add it to the list. Love it Mike.
hahah I need to proofread this stuff lol. I'll fix that

WHen it runs out the funs out lolol

Mike
  • #108,912
  • Mar 17, 2012 7:11pm Mar 17, 2012 7:11pm
Quoting mbqb11
hahah I need to proofread this stuff lol. I'll fix that

WHen it runs out the funs out lolol

Mike
Yes, the I was also thinking you meant the funs out.
Freudian slip.

I know how busy you are and writing replies to both the PF here and editing pics. Good job Mike.
  • #108,913
  • Mar 17, 2012 7:14pm Mar 17, 2012 7:14pm
Quoting dan89
a quick look at EU 4hr. Mike let me know what your opinion is on this if possible

My s/r was drawn and was right next to xx00 number so moved it up slighly. 61.8 fib lands right on the RN level. Could offer a decent short opportunity if PA occurs at that level.
hey Dan

Do you have a chart? Here is what I am watching still but we'll have to see the next big move. WE are basically in one big box right now. So my biggest areas to watch are the 1.35 and 1.3 BRN with the midpoint of the boxing going to be a PPZ which they often are

Hope that helps
Mike
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  • #108,914
  • Mar 17, 2012 7:24pm Mar 17, 2012 7:24pm
Quoting mbqb11
you are more then welcome to look at my charts where i do it in real time all the time too for free in this thread. But that would just take time and effort. How else can I explain a situation if it already occurred lol

Plenty of other threads to troll

Mike
Haters are gonna always be hating. Enough people got scammed by fake traders with good marketing or negativity fueled by their own trading failure that they will cast doubt on everyone and everything without looking at facts.

Ignore them and keep up the good work mike
  • #108,915
  • Mar 17, 2012 7:29pm Mar 17, 2012 7:29pm
Quoting mbqb11
hey Dan

Do you have a chart? Here is what I am watching still but we'll have to see the next big move. WE are basically in one big box right now. So my biggest areas to watch are the 1.35 and 1.3 BRN with the midpoint of the boxing going to be a PPZ which they often are

Hope that helps
Mike

Hey Mike, could this daily BEOB still be in play until its back breaks?
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  • #108,916
  • Mar 17, 2012 7:40pm Mar 17, 2012 7:40pm
Quoting biDc
Haters are gonna always be hating. Enough people got scammed by fake traders with good marketing or negativity fueled by their own trading failure that they will cast doubt on everyone and everything without looking at facts.

Ignore them and keep up the good work mike
You know why these people are so concerned about ATF explanations?
Because they look to other people's trade setups and are quite willing to accept being thrown a fish, rather than, learning to fish. The latter being what is taught here. Mike posts before the fact setups very often and I can understand why he may be a little reluctant to do so some times, because of the Sea lions that will jump on the fish without learning to catch their own.
  • #108,917
  • Mar 17, 2012 7:41pm Mar 17, 2012 7:41pm
Quoting Pinbar
Hey Mike, could this daily BEOB still be in play until its back breaks?
sure is Steve, price might want to peak up a bit higher to your blue area before trying lower again. Certainly some consolidation we are in

Best
Mike
  • #108,918
  • Mar 17, 2012 8:18pm Mar 17, 2012 8:18pm
Quoting mbqb11
sure is Steve, price might want to peak up a bit higher to your blue area before trying lower again. Certainly some consolidation we are in

Best
Mike
Yeah, I thought so.

Thanks Mike
  • #108,919
  • Mar 17, 2012 8:30pm Mar 17, 2012 8:30pm
My wish list.
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  • #108,920
  • Mar 18, 2012 3:31am Mar 18, 2012 3:31am
Quoting whitegoodman
well done, youve explained moves after the fact...
He took time to explained it tho, would you!?
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