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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

  • #109,081
  • Mar 21, 2012 8:08am Mar 21, 2012 8:08am
scratching my head over EURGBP chart... will wait for daily close maybe. its quite possible scenario to test sup at weekly chart... if not break it
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all is eternal - this is good news for people who loves bad news
  • #109,082
  • Mar 21, 2012 8:16am Mar 21, 2012 8:16am
Jonas! You already in bad boy... You have better price

Somewhere I heard this name already by the way what You doing in germany...? should sit here in Vilnius as old good meshka does it
all is eternal - this is good news for people who loves bad news
  • #109,083
  • Mar 21, 2012 8:22am Mar 21, 2012 8:22am
Quoting meshka
Jonas! You already in bad boy... You have better price

Somewhere I heard this name already by the way what You doing in germany...? should sit here in Vilnius as old good meshka does it
well...i live n work in Germany and i grew up in Germany ^^

wont leave it...im pretty satisfied here


sell high - buy low

regards,
Jonas
Hero calls followed by margin calls...
  • #109,084
  • Mar 21, 2012 8:29am Mar 21, 2012 8:29am
Quoting mbqb11
Hey Pin

For me those patterns aren't established enough to consider a flag to use those projections. Those to me are smaller consolidation patterns on lower timeframes. The only way I might use them is to zoom down to a much lower timeframe where that pattern would bear more significance with its size. From this timeframe and view its more or less just a small area of consolidation based on how I view things.

Hope that helps
Mike

Got it, thanks for the input Mike.
  • #109,085
  • Mar 21, 2012 8:37am Mar 21, 2012 8:37am
EURUSD analogical situation ... but it isnt as clear as cable picture.. so lets wait for Daily candle close.
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all is eternal - this is good news for people who loves bad news
  • #109,086
  • Mar 21, 2012 8:38am Mar 21, 2012 8:38am
Quoting meshka
scratching my head over eurgbp chart... Will wait for daily close maybe. Its quite possible scenario to test sup at weekly chart... If not break it
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Hero calls followed by margin calls...
  • #109,087
  • Mar 21, 2012 8:39am Mar 21, 2012 8:39am
Quoting PhAnTi'
goodie goodie :

Attachment
Agreed. It's high RR
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  • #109,088
  • Mar 21, 2012 8:39am Mar 21, 2012 8:39am
Quoting PhAnTi'
well...i live n work in Germany and i grew up in Germany ^^

wont leave it...im pretty satisfied here


sell high - buy low

regards,
Jonas

ok ok I am just joking... so you have not any connection to Lithuania except the name?
all is eternal - this is good news for people who loves bad news
  • #109,089
  • Mar 21, 2012 9:00am Mar 21, 2012 9:00am
waiting for a second chance.. 30 pips i have from yesterday want more any direction is acceptable most likely we will reject or fail to break 84.75 -85.00 and correct to the 83 at least...
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all is eternal - this is good news for people who loves bad news
  • #109,090
  • Mar 21, 2012 9:02am Mar 21, 2012 9:02am
Quoting meshka
waiting for a second chance.. 30 pips i have from yesterday want more any direction is acceptable most likely we will reject or fail to break 84.75 -85.00 and correct to the 83 at least...
dont be greedy....
Hero calls followed by margin calls...
  • #109,091
  • Mar 21, 2012 9:18am Mar 21, 2012 9:18am
Quoting Pinbar
The could be interesting
i skipped this.but yeah have to agree that BEOBs have a very good strike rate.i love playing BEOBs
  • #109,092
  • Mar 21, 2012 9:40am Mar 21, 2012 9:40am
Quoting james16
CHARTS
All of your last charts are just not of this world
  • #109,093
  • Mar 21, 2012 9:45am Mar 21, 2012 9:45am
Quoting Ifmyante
Agreed. It's high RR
Hi Ifmyante,
on your first chart cadjpy I presume CP stands for compression. How about the RS and WRB??
Took me a while looking at your moniker before the penny dropped! Like it.
Hugh.
  • #109,094
  • Mar 21, 2012 10:11am Mar 21, 2012 10:11am
Quoting AvanishDemo
i skipped this.but yeah have to agree that BEOBs have a very good strike rate.i love playing BEOBs
Outside bars (BEOBs and BUOBs) are fun, even on m5

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skype: ststroud. let's talk trading.
  • #109,095
  • Mar 21, 2012 10:22am Mar 21, 2012 10:22am
Quoting human2
Hi Ifmyante,
on your first chart cadjpy I presume CP stands for compression. How about the RS and WRB??
Took me a while looking at your moniker before the penny dropped! Like it.
Hugh.
Hi Hugh

CP is compression all right. It's price thinking ahead of time - very powerful

RS is simply Resistance turned to Support

WRB is Wide Range Bar - must not be ignored - shows a big decision on value.

Re moniker - don't let the cat out of the bag - so many still don't get it

Best

If
  • #109,096
  • Mar 21, 2012 10:24am Mar 21, 2012 10:24am
Quick question: How many people here have a defined set of rules for exit strategy. And do you analyse exits on the same timeframe/s that you do entries?
  • #109,097
  • Mar 21, 2012 10:28am Mar 21, 2012 10:28am
Quoting Brixton
Quick question: How many people here have a defined set of rules for exit strategy. And do you analyse exits on the same timeframe/s that you do entries?
quick answer :

Quote
How many people here have a defined set of rules for exit strategy

I always know where i will close the trade before i enter it.

Quote
And do you analyse exits on the same timeframe/s that you do entries

not in general,but it makes sense.... well you shoudlnt search for a target for a trade placed on M1 TF at a D1 TF, but you definielty can circle a area on a daily timeframe and switch to a lower timeframe to optimize your exit..
Hero calls followed by margin calls...
  • #109,098
  • Mar 21, 2012 10:32am Mar 21, 2012 10:32am
I saw what you did Jonas

Thanks mate
  • #109,099
  • Mar 21, 2012 10:38am Mar 21, 2012 10:38am
Quoting Ifmyante
I saw what you did Jonas

Thanks mate
Hero calls followed by margin calls...
  • #109,100
  • Mar 21, 2012 10:45am Mar 21, 2012 10:45am
Quoting Ifmyante
Hi Hugh

CP is compression all right. It's price thinking ahead of time - very powerful

RS is simply Resistance turned to Support

WRB is Wide Range Bar - must not be ignored - shows a big decision on value.

Re moniker - don't let the cat out of the bag - so many still don't get it

Best

If
Thanks Ifmyante. Still trying to grasp the concept of CP. RS is fine. Never heard WRB discussed before. If the WRB is that influential (I presume it is the one stretching from the 38 fib to the 50 fib and also presume that it is strongly bullish) would this not hint at more upside still to come and to wait until the 88s to look for shorts?
Thanks.
Hugh.
ps my lips are sealed
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