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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

  • #109,181
  • Mar 22, 2012 7:49am Mar 22, 2012 7:49am
Quoting Greenhaze
Hi James,

I wonder if James enters his orders on daily tf or pinpoint the entry on lower tf.
If he does the second thing then i would enjoy one or more examples of his thought process during the trade execution..... Only if he don't mind

His Big & loyal fan
gh
same timeframe he shows. Keeps it simple!

Best
Mike
  • #109,182
  • Mar 22, 2012 7:51am Mar 22, 2012 7:51am
Quoting Fx7877
Hi Mike or other seniors here,
Pls have a look at CHFJPY daily and H4 charts. On H4, wld intersection of trendline (with 3 touches) and longer term support at abt 91.3 (blue line) be a gd place to do TT? Concern is on daily, it printed a BEOB. Pls share your thoughts, thks!
hey FX

I wouldn't be too big of a fan of that with all the jpy strength we were seeing. Things were feeling a bit to heavy for me. I'd like to see more confluence there some kind of strong prive pivot zone. I am even more picky with my touch trades then my PA trading though

Best
Mike
  • #109,183
  • Mar 22, 2012 8:24am Mar 22, 2012 8:24am
Quoting mbqb11
updated chart.

This one broke long so it was an easy pass for me since the break up had less information. But again same concept as above. What was the bar that tipped us off out of this consolidation once again?

Literally a couple lines speaks volumes on a good chart
Hi Mike if you zoom out can you also see heads and shoulders pattern in the making ? (maybe, maybe not) if it is it maybe the continuation pattern of the bigger story to the down side?

Love your simpicity

Cheers
V
  • #109,184
  • Mar 22, 2012 8:26am Mar 22, 2012 8:26am
Quoting menomoo
Hi Mike if you zoom out can you also see heads and shoulders pattern in the making ? (maybe, maybe not) if it is it maybe the continuation pattern of the bigger story to the down side?

Love your simpicity

Cheers
V
yep that's a great thing too V. I will still watch that BRN area and look at the new confluence when we get there. That's the best part about a strong area it usually offers up many potentials just they can come in different stories

Best
Mike
  • #109,185
  • Mar 22, 2012 8:36am Mar 22, 2012 8:36am
Trying to see how compatible the base system is with Jaroo's HCR & LCS in real time. In the sense of the two systems, mutually adding an extra dimension of confluence.
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  • #109,186
  • Mar 22, 2012 8:51am Mar 22, 2012 8:51am
I was thinking about the above while watching the GU trade I am still in with the base system.

How totally interesting.
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  • #109,187
  • Mar 22, 2012 8:53am Mar 22, 2012 8:53am
Quoting james16
nope james didnt change anything. james has been trading for 30 years and tries to teach new people a way that will help them find some early success. james does a ton of things that he cannot teach here, thats why he has the website where videos allow him to show other ways of skinning this fat cat.

lolol.
all I could think about is Seinfeld during this post lol

Inserted Video
  • #109,188
  • Mar 22, 2012 9:17am Mar 22, 2012 9:17am
Mike, Is the trend line steep to consider this as a breakout trade, if a BEOB closed under 8000 engulfing multiple bars ?
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  • #109,189
  • Mar 22, 2012 9:52am Mar 22, 2012 9:52am
Quoting cprao
Mike, Is the trend line steep to consider this as a breakout trade, if a BEOB closed under 8000 engulfing multiple bars ?
Hey C

It really depends on how strong you believe that trendline is and its true relevance to the market. I see it really as just a trendline rather then a pattern. A pattern to me shows more significance and thus a better chance of sustaining a true breakout. Where I see that trendline more as just where the market is right now but not enough to trade off. Also notice there is no trend direction. The descending TL to me is not really part of a pattern like the rising TL, it's simply a line we can draw. Again which are significant enough to you vs me is going to vary. I like to look for more well defined patterns when calling something a breakout trade.

Hope that helps
Mike
  • #109,190
  • Mar 22, 2012 10:00am Mar 22, 2012 10:00am
Quoting Pinbar
Bet Jarroo has got his eye on this
Quoting jarroo
Yeah that's a great level (area) Pinbar . .Looks cooler on the monthly . .

Here we are again, Pinbar . .


Daily / Weekly Bearish PA would be nice.

or

We could flip back to Support . .


Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #109,191
  • Mar 22, 2012 10:05am Mar 22, 2012 10:05am
CADJPY W1 has engulfed

Would like a strong close on it
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  • #109,192
  • Mar 22, 2012 10:14am Mar 22, 2012 10:14am
Quoting Ifmyante
CADJPY W1 has engulfed

Would like a strong close on it
Nice trade. Nice entry. Everything looks very nice hope it will close in strong bear mood
all is eternal - this is good news for people who loves bad news
  • #109,193
  • Mar 22, 2012 10:18am Mar 22, 2012 10:18am
Quoting meshka
Nice trade. Nice entry. Everything looks very nice hope it will close in strong bear mood
Thanks Meshka.

Me too
  • #109,194
  • Mar 22, 2012 10:25am Mar 22, 2012 10:25am
Quoting Ifmyante
CADJPY W1 has engulfed

Would like a strong close on it
To catch a top like that .... wow ... this require serious skills .
  • #109,195
  • Mar 22, 2012 10:29am Mar 22, 2012 10:29am
Quoting Rust
To catch a top like that .... wow ... this require serious skills .
Thanks Rust

It doesn't take long to learn them though

Best

If
  • #109,196
  • Mar 22, 2012 10:47am Mar 22, 2012 10:47am
Quoting PhAnTi'
starting ...

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Hero calls followed by margin calls...
  • #109,197
  • Mar 22, 2012 10:52am Mar 22, 2012 10:52am
And if you don't have that skill [here i am!] you can compensate whit a huge dose of luck.
eur/chf is interesting, looking for some brackout pa.
Quoting Rust
To catch a top like that .... wow ... this require serious skills .
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  • #109,198
  • Mar 22, 2012 11:00am Mar 22, 2012 11:00am
Quoting PhAnTi'
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Hero calls followed by margin calls...
  • #109,199
  • Mar 22, 2012 11:02am Mar 22, 2012 11:02am
Quoting PhAnTi'
kaboom

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was ok for about 120 pips .... still expecting higher tough

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Hero calls followed by margin calls...
  • #109,200
  • Mar 22, 2012 11:03am Mar 22, 2012 11:03am
Quoting Ifmyante
Thanks Rust

It doesn't take long to learn them though

Best

If
Maybe you would shed some light on the thought process , if not rude to ask
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