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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

  • #109,241
  • Mar 23, 2012 5:24am Mar 23, 2012 5:24am
Quoting beebolbod
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yes and no. By that i mean this will probably (and has started to) behave in the way we expect, i.e. to experience trouble at these recent bar high/low areas marked.

It's not in a lot of space and although the weekly TF does show a bullish pin (which the daily pin is part of the bounce from retracement) it has a lot of obstacles. doesn't mean it wont work.

Pros - good pin. ok location - recent swing low. weekly pin shows bullish intent perhaps. Broke without any trouble.

Cons - traffic to the left. Not huge. vry stong...
That weekly PB is invalidated as a PB because its back broke.
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  • #109,242
  • Mar 23, 2012 6:22am Mar 23, 2012 6:22am
Quite right sir! Didn't see that. But i wasn't really considering it's validity as a pin, more a signal of bullish intent. Something to consider as part of the picture.
Either way it's a tricky old daily pin with not much going for it. It looks to me to be more about a battle over the 1.040ish level.
  • #109,243
  • Mar 23, 2012 6:53am Mar 23, 2012 6:53am
continuation trade on CADJPY
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all is eternal - this is good news for people who loves bad news
  • #109,244
  • Mar 23, 2012 6:55am Mar 23, 2012 6:55am
Quoting meshka
continuation trade on CADJPY
Hey Meshka,
Thats an unusual pattern, could you please explain a bit about it?
  • #109,245
  • Mar 23, 2012 7:04am Mar 23, 2012 7:04am
tweezers? I heard about it in one of Chris Lori videos sometime ago... it represents two identical or almost identical pinbars. two failed trials to break higher/lower at PPZ or certain level. rejection.
all is eternal - this is good news for people who loves bad news
  • #109,246
  • Mar 23, 2012 7:21am Mar 23, 2012 7:21am
It seems we will have pretty strong bearish close... hope USA will not change the picture
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all is eternal - this is good news for people who loves bad news
  • #109,247
  • Mar 23, 2012 7:32am Mar 23, 2012 7:32am
Quoting meshka
continuation trade on CADJPY
I cashed out at 83.
  • #109,248
  • Mar 23, 2012 7:57am Mar 23, 2012 7:57am
the lines where price reacted .
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A chart helps those who can read it.
  • #109,249
  • Mar 23, 2012 7:57am Mar 23, 2012 7:57am
Hello James16 and Mike,

Are you planning to update guest videos on James16 Group website? Those are really helpful.
  • #109,250
  • Mar 23, 2012 8:10am Mar 23, 2012 8:10am
Quoting bee24
Hello James16 and Mike,

Are you planning to update guest videos on James16 Group website? Those are really helpful.
Hey Bee

Yep we are looking to do more then just update the guest videos. I recent did post a new guest video at the end of february. James is looking to update both the members and guest area, we'll keep you guys posted

Best
Mike
  • #109,251
  • Mar 23, 2012 8:12am Mar 23, 2012 8:12am
Quoting mbqb11
Hey Bee

Yep we are looking to do more then just update the guest videos. I recent did post a new guest video at the end of february. James is looking to update both the members and guest area, we'll keep you guys posted

Best
Mike
May as well combine this thread with the PF over there.
Might be an idea.
  • #109,252
  • Mar 23, 2012 8:15am Mar 23, 2012 8:15am
Just closed out this GU base trade off the touch of the 150.
Moved pretty fast.


That will teach it a lessen for taking out the last portion of the short at BE+ LOL
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  • #109,253
  • Mar 23, 2012 8:20am Mar 23, 2012 8:20am
flip aussie flip
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all is eternal - this is good news for people who loves bad news
  • #109,254
  • Mar 23, 2012 8:21am Mar 23, 2012 8:21am
Quoting PhAnTi'


Attachment
Great trade Jonas. I was watching the yen pairs this week - they're all mostly at great locations. I liked CADJPY the best and considered the daily pin but passed. Was kicking myself yesterday for that. May get in on the weekly bar.

Really digging your charts.
  • #109,255
  • Mar 23, 2012 8:30am Mar 23, 2012 8:30am
Quoting mbqb11
some more updates

these really took off

Locked in more profit on both and will continue to look to tighten up profit as we have went to the projections pretty much on both patterns.

Best
Mike
Thank you Mike. Does it mean something like this ?

Price reverses back to 7500 and forms a consolidation.. and then forms BEOB engulfing the consolidation and closing firmly below 7500. Right ?

In fact 03/20 daily bar broke 7500 but it lacks confluence of any engulfment except closing below 7500.
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  • #109,256
  • Mar 23, 2012 8:37am Mar 23, 2012 8:37am
Quoting cprao
Thank you Mike. Does it mean something like this ?

Price reverses back to 7500 and forms a consolidation.. and then forms BEOB engulfing the consolidation and closing firmly below 7500. Right ?

In fact 03/20 daily bar broke 7500 but it lacks confluence of any engulfment except closing below 7500.
Hey C

Yes that could be one scenario. Price could also just pull back and give us PA at a nice swing point with that above us as resistance. We could also touch trade areas like this if we have enough reason too. Ultimately your entry will be more trader dependent and situational. But there are many ways to usually get in at a good area. So we define this as a good area to watch, then we use the tools/concepts that James teaches to try to find an entry if there is one.

Best
Mike
  • #109,257
  • Mar 23, 2012 8:39am Mar 23, 2012 8:39am
Quoting mbqb11
Hey C

Yes that could be one scenario. Price could also just pull back and give us PA at a nice swing point with that above us as resistance. We could also touch trade areas like this if we have enough reason too. Ultimately your entry will be more trader dependent and situational. But there are many ways to usually get in at a good area. So we define this as a good area to watch, then we use the tools/concepts that James teaches to try to find an entry if there is one.

Best
Mike
Thank you Mike. I forgot to add a Pic and just added now..
But I guess you answered my question anyways.
  • #109,258
  • Mar 23, 2012 9:07am Mar 23, 2012 9:07am
Quoting Ifmyante
CADJPY W1 has engulfed

Would like a strong close on it

Hello everybody,
I've been lurking around the thread for some while now and I like very much what I read. I've learned quite a lot since I started reading on FF and I hope to learn a lot from this thread.
This is my first question, regarding the quoted post, I would like to ask what were the things that you used to decide the entry (very good entry by the way) and what would the sl and tp levels be?
Thank you and have fun!
  • #109,259
  • Mar 23, 2012 9:38am Mar 23, 2012 9:38am
Quoting heaven
Hello everybody,
I've been lurking around the thread for some while now and I like very much what I read. I've learned quite a lot since I started reading on FF and I hope to learn a lot from this thread.
This is my first question, regarding the quoted post, I would like to ask what were the things that you used to decide the entry (very good entry by the way) and what would the sl and tp levels be?
Thank you and have fun!
I shouldn't really be posting the setup here, as it's not what's taught here.
But look around and you'll find an explanation for it.

Re sl and tg, see chart

Best

If
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  • #109,260
  • Mar 23, 2012 10:28am Mar 23, 2012 10:28am
excellent thread guys ...will try to follow.

took this one GBP/NZD after the PB on daily

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