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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

  • #109,941
  • Apr 6, 2012 4:43am Apr 6, 2012 4:43am
hello every one.

I have this chart supporting a long trade (Demo)but I do not see any Bar (James16 bar) to support the trade. is it still a valid one?

the MA is EMA-150.
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  • #109,942
  • Apr 6, 2012 4:49am Apr 6, 2012 4:49am
Quoting Quezoy
Looking forward to it.

Do you guys trade on a day like today - big news coming?
News releases is not really a topic in here so I'd like to know if a heavy day like today is something we should pay attention to.
well i trade whenever i get a premium setup, sometimes i do have 5 trades a month, sometimes 15.....

why taking trades when you dont have the required setup to feel comfortable ?..
Hero calls followed by margin calls...
  • #109,943
  • Apr 6, 2012 4:53am Apr 6, 2012 4:53am
nice charts and thoughts Phanti. saved it for self education
all is eternal - this is good news for people who loves bad news
  • #109,944
  • Apr 6, 2012 4:53am Apr 6, 2012 4:53am
Quoting aslam
hello every one.

I have this chart supporting a long trade (Demo)but I do not see any Bar (James16 bar) to support the trade. is it still a valid one?

the MA is EMA-150.
great support
Hero calls followed by margin calls...
  • #109,945
  • Apr 6, 2012 4:59am Apr 6, 2012 4:59am
Quoting PhAnTi'
well i trade whenever i get a premium setup, sometimes i do have 5 trades a month, sometimes 15.....

why taking trades when you dont have the required setup to feel comfortable ?..
yeah, you're right. Its a bit fishy to me. If nothing else its better to wait for the weekly candle to close.

I'm eyeing this A/U setup. Weekly support (as I see it) reached and an inside bar formed of it yesterday. If I go long, the 1.40 area seems dense, which is close.

magenta: monthly
aqua: weekly
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Thoughts are things
  • #109,946
  • Apr 6, 2012 5:05am Apr 6, 2012 5:05am
Quoting aslam
hello every one.

I have this chart supporting a long trade (Demo)but I do not see any Bar (James16 bar) to support the trade. is it still a valid one?

the MA is EMA-150.

I think it might be a very good trade )):

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just zoom out scale and see the overall scenario of a pair

IMHO
  • #109,947
  • Apr 6, 2012 5:10am Apr 6, 2012 5:10am
Quoting PhAnTi'
well es mentioned before i wil go into more detail on the next post, ill prepareit today since we do have rainy weather

regards,
Jonas
You're Good man, Bro


Today, my Predictions about GU & EU in HERE

Almost 4 Hours left...


Notice :
I cruised for a Promotion in this Thread, LOL
Always looking the GREAT, never left GOOD Point...
  • #109,948
  • Apr 6, 2012 5:16am Apr 6, 2012 5:16am
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Hero calls followed by margin calls...
  • #109,949
  • Edited 5:50am Apr 6, 2012 5:45am | Edited 5:50am
my EURUSD view

sorry for my english break down
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all is eternal - this is good news for people who loves bad news
  • #109,950
  • Apr 6, 2012 5:52am Apr 6, 2012 5:52am
Quoting PhAnTi'
great support
Thanks Phanti

Should we still look for a PinBar, DBLHC etc to be present on this bounce

OR

This support+Uptrend+EMA-150 (giving a support) is enough to go for this trade.
  • #109,951
  • Apr 6, 2012 5:54am Apr 6, 2012 5:54am
Quoting utiq
I think it might be a very good trade )):

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just zoom out scale and see the overall scenario of a pair

IMHO
Thanks utiq for evaluation.
  • #109,952
  • Apr 6, 2012 5:54am Apr 6, 2012 5:54am
Quoting aslam
Thanks Phanti

Should we still look for a PinBar, DBLHC etc to be present on this bounce

OR

This support+Uptrend+EMA-150 (giving a support) is enough to go for this trade.
uptrend very important here on taking longs....i dont use emas at all....imho they dont ''work'' :-p

as long as we see price reacting to support area and dont close below we are good for longs, always try to pick a nice price to maximize r:r
Hero calls followed by margin calls...
  • #109,953
  • Apr 6, 2012 6:37am Apr 6, 2012 6:37am
Quoting aslam
hello every one.

I have this chart supporting a long trade (Demo)but I do not see any Bar (James16 bar) to support the trade. is it still a valid one?

the MA is EMA-150.
I like the confluence you built there ! Do this with all trades !
In the current example if you trade long , you have one more final question : "where is price going now?"
...you are trading into this box . It is full with bars . MANY bars . This means that is full of more minor or major resistance zones . This doesn't mean it's wrong , but you have to be aware of it and manage accordingly .
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I am watching this pair and my preferred play would be e breakout of the box and trade away of it , using its bottom (or top) as a guardian for my stop.
  • #109,954
  • Apr 6, 2012 6:47am Apr 6, 2012 6:47am
Quoting Rust
I like the confluence you built there ! Do this with all trades !
In the current example if you trade long , you have one more final question : "where is price going now?"
...you are trading into this box . It is full with bars . MANY bars . This means that is full of more minor or major resistance zones . This doesn't mean it's wrong , but you have to be aware of it and manage accordingly .
Attachment

I am watching this pair and my preferred play would be e breakout of the box and trade away of it , using its bottom (or top) as...
Thank u Rust for developing that BOX I have always been looking for, how to develop.

Second, may u please add your opinion to answer your question "Where is price going now" on this chart.

thanks once again in advance
  • #109,955
  • Apr 6, 2012 7:02am Apr 6, 2012 7:02am
Quoting Rust
I like the confluence you built there ! Do this with all trades !
In the current example if you trade long , you have one more final question : "where is price going now?"
...you are trading into this box . It is full with bars . MANY bars . This means that is full of more minor or major resistance zones . This doesn't mean it's wrong , but you have to be aware of it and manage accordingly .
Attachment

I am watching this pair and my preferred play would be e breakout of the box and trade away of it , using its bottom (or top)...
well trading a box isnt anything different than trading support/resistance.

A box is built by horizontal support and resistance areas. buying the low and selling the highs give us premium r:r trades.
If break to the downside we sell a retest of prior support and vice versa to the upside.
Hero calls followed by margin calls...
  • #109,956
  • Apr 6, 2012 7:03am Apr 6, 2012 7:03am
Quoting aslam
Thank u Rust for developing that BOX I have always been looking for, how to develop.

Second, may u please add your opinion to answer your question "Where is price going now" on this chart.

thanks once again in advance
1st target would be mid of box ( 50.00 % ) .... 2nd top
Hero calls followed by margin calls...
  • #109,957
  • Apr 6, 2012 7:46am Apr 6, 2012 7:46am
Quoting Rust
I am watching this pair and my preferred play would be e breakout of the box and trade away of it , using its bottom (or top) as a guardian for my stop.
I agree. Retest of support turned resistence and short.
Price broke down, but lets see how it finishes the day.
Thoughts are things
  • #109,958
  • Apr 6, 2012 7:52am Apr 6, 2012 7:52am
thise bigggggg.
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Iam just A pips on the rode :nerd:
  • #109,959
  • Apr 6, 2012 7:54am Apr 6, 2012 7:54am
Something I'll have my eye on next week.

Monthly TL & BRN confluence.
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Thoughts are things
  • #109,960
  • Apr 6, 2012 8:09am Apr 6, 2012 8:09am
charts and really simple here that's all you need

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