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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

  • #108,921
  • Mar 18, 2012 5:54am Mar 18, 2012 5:54am
Quoting Pinbar
My wish list.
why waiting for the 50% fib level ?in my eyes,the 91.40 level is more important than the fib line. we can just see if it will break the S@R level,then choose to open orders . NOW it is the good time to make a decision.

just my opinion.
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A chart helps those who can read it.
  • #108,922
  • Mar 18, 2012 6:03am Mar 18, 2012 6:03am
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, Sorry I forgot to attatch the chart. This is what im looking at, what do you think ? I like the confluence of s/r, RN, and 61.8 fib

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  • #108,923
  • Mar 18, 2012 6:24am Mar 18, 2012 6:24am
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
plenty of jerks in here....

thanks for your posts n charts Mike


regards,
Jonas
Hero calls followed by margin calls...
  • #108,924
  • Mar 18, 2012 6:39am Mar 18, 2012 6:39am
Quoting whitegoodman
well done, youve explained moves after the fact...
honestly you dont deserve any further attention or even content here....
why dont start posting your own charts and analysis instead of blaming others?

Mike is one of the briefest traders in here and he definietly posts trade setups before they occure pretty often..... just check his attachement page and look at the usdchf trade entered weeks ago ( to give one example out of hundreds ).....

If you didnt get it so far I will tell it you know.... we need past data in the technical analysis to be able to make further anticipations about possible PA movements, thats why we also post finished trades,analysis etc. here to get a brief knowledge about different price structures and setups that we can use them in our next trades to improve our overall outcome...

just for cliffnote....


so either start including your knowledge and action into this thread or kick your ass outta here..

regards,
Jonas
Hero calls followed by margin calls...
  • #108,925
  • Mar 18, 2012 6:59am Mar 18, 2012 6:59am
ALMOST SHOOTING STAR

+ Chart Pattern: Complex Head And Shoulders Top
+ ALL S/R above are confirmed
+ Location: Strong confluence of two WR levels at 0.7580 and 0.7574, TL and the EMA 20.
+ Weekly trend BEARISH
+ Direct trend at the pending sell stop of all timeframes BEARISH
+ FCL: DS at 0.7503 and the BRN 0.75. There is enough to manage the trade
- Monthly trend BULLISH. This is a counter trend trade
- Size is small. It will give me the advantage to place a small stop loss
- Shape is not according to standards and there is traffic to the left. The location that it was formed eliminates theses weaknesses or at least the story behind gives me the confident to go ahead.

Trade Plan:

This is a counter trend trade along with the weaknesses identified on the analysis above I will open a short position with minimum risk of 0.3% of capital. The conservative pending sell stop will be placed at 0.7533. At FCL (0.7503), I will take partial profit 0.1L and move the remaining 0.1L to break even which is 30 pips above entry at 0.7563.
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  • #108,926
  • Mar 18, 2012 7:16am Mar 18, 2012 7:16am
Where is locomotive?
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  • #108,927
  • Mar 18, 2012 7:55am Mar 18, 2012 7:55am
Quoting whitegoodman
well done, youve explained moves after the fact...
Yeah Mike - come on, get your act together. I want next weeks price movements explained to me in detail BEFORE they happen please. And while you're at it i want the lottery numbers for the next few weeks.
  • #108,928
  • Mar 18, 2012 8:23am Mar 18, 2012 8:23am
Quoting beebolbod
Yeah Mike - come on, get your act together. I want next weeks price movements explained to me in detail BEFORE they happen please. And while you're at it i want the lottery numbers for the next few weeks.
  • #108,929
  • Mar 18, 2012 8:39am Mar 18, 2012 8:39am
This aint any signal etc... this is my very objective view on eurnzd... this is my line and ill take it short to 1.5900 lvl as target.

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greetz,
Jonas
Hero calls followed by margin calls...
  • #108,930
  • Mar 18, 2012 8:41am Mar 18, 2012 8:41am
Quoting brzvadeg
Where is locomotive?
Attachment
>>?
Hero calls followed by margin calls...
  • #108,931
  • Mar 18, 2012 8:43am Mar 18, 2012 8:43am
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
Thank's for your time Mike. I checked mataf and cad/chf was also correlated with the other 3 pairs, so being aware of this would have at least kept me out of two trades. The reason I took the half-ass pins is because I noticed that even tho they are not perfect and as long as they are off strong LCS/HCR they usually work out or at least hit my FTA. I'm sure I will learn to be more disciplined eventually tho.

Thanks again
  • #108,932
  • Mar 18, 2012 8:45am Mar 18, 2012 8:45am
Quoting Michael-SPA
ALMOST SHOOTING STAR

+ Chart Pattern: Complex Head And Shoulders Top
+ ALL S/R above are confirmed
+ Location: Strong confluence of two WR levels at 0.7580 and 0.7574, TL and the EMA 20.
+ Weekly trend BEARISH
+ Direct trend at the pending sell stop of all timeframes BEARISH
+ FCL: DS at 0.7503 and the BRN 0.75. There is enough to manage the trade
- Monthly trend BULLISH. This is a counter trend trade
- Size is small. It will give me the advantage to place a small stop loss
- Shape is not according to standards and there is...
Here's the S/D way of looking at it
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  • #108,933
  • Mar 18, 2012 8:52am Mar 18, 2012 8:52am
Quoting PhAnTi'
This aint any signal etc... this is my very objective view on eurnzd... this is my line and ill take it short to 1.5900 lvl as target.

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greetz,
Jonas
Hi Jonas
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  • #108,934
  • Mar 18, 2012 11:25am Mar 18, 2012 11:25am
Quoting Ifmyante
Hi Jonas
thanks for your reply Ify,

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and what would your line be here ?

regards,
Jonas
Hero calls followed by margin calls...
  • #108,935
  • Mar 18, 2012 12:16pm Mar 18, 2012 12:16pm
would like to have some heads-up for this one.... out of interest.. whats your take here guys?

Thanks for facing

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best regards,
Jonas
Hero calls followed by margin calls...
  • #108,936
  • Mar 18, 2012 12:26pm Mar 18, 2012 12:26pm
Quoting PhAnTi'
would like to have some heads-up for this one.... out of interest.. whats your take here guys?

Thanks for facing

Attachment

Attachment



best regards,
Jonas
Looks good Jonas. A nice simple Box as James teaches

My favorite is when we get to the outside of the boxes

Mike
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  • #108,937
  • Edited 1:32pm Mar 18, 2012 12:37pm | Edited 1:32pm
On USDSGD daily, you can see a 2day BEOB on a daily bar.
and on H4 there is a wedge patten and a possible break of wedge pattern.

The first hurdle is 1.25 if the BEOB breaks and/or the wedge pattern breaks.

Here comes James16 Critical - at 1.25, either get into BE or take full profit or if it reverses ready to take a loss.

Thoughts ?
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  • #108,938
  • Mar 18, 2012 12:47pm Mar 18, 2012 12:47pm
Quoting mbqb11
Looks good Jonas. A nice simple Box as James teaches

My favorite is when we get to the outside of the boxes

Mike
thanks for your reply Mike !

2 more questions on this one : how are these mid levels explainable ? I mean there has to be s.th mathematical or s.th else behind this phenomen ?

And how would you play a possible break of this box? playing a retest or taking the BO itself directly?

Thank you for your ideas

regards,
Jonas
Hero calls followed by margin calls...
  • #108,939
  • Mar 18, 2012 12:53pm Mar 18, 2012 12:53pm
Quoting PhAnTi'
thanks for your reply Mike !

2 more questions on this one : how are these mid levels explainable ? I mean there has to be s.th mathematical or s.th else behind this phenomen ?

And how would you play a possible break of this box? playing a retest or taking the BO itself directly?

Thank you for your ideas

regards,
Jonas
Hey Jonas

I think it just has to do with similar OF buildup over time at these levels. Being a MIDPOINT of something(50%) begins to generate then it just self fulfills. Check out consolidation though. It is nearly every time.

I will be just watching the outer edges of a box. Looking for signs that we might be breaking up, or on a breakout a retest of the area works as well. As well as failure breaks of these areas can be great plays too(false breaks)

Hope that helps
mike
  • #108,940
  • Mar 18, 2012 1:13pm Mar 18, 2012 1:13pm
Quoting mbqb11
Hey Jonas

I think it just has to do with similar OF buildup over time at these levels. Being a MIDPOINT of something(50%) begins to generate then it just self fulfills. Check out consolidation though. It is nearly every time.

I will be just watching the outer edges of a box. Looking for signs that we might be breaking up, or on a breakout a retest of the area works as well. As well as failure breaks of these areas can be great plays too(false breaks)

Hope that helps
mike
Yes, thank you very much !
Hero calls followed by margin calls...
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