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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

  • #111,901
  • May 18, 2012 4:41am May 18, 2012 4:41am
Quoting mbqb11
gone ahead and locked in more profit will just let it run now
If the forum had LIKE button , I would hit it
  • #111,902
  • May 18, 2012 4:45am May 18, 2012 4:45am
Quoting Chanya
Took this Bearish Outside bar at the break ...

1 ) Space

2 ) Absolute swing high

3 ) Good size

4 ) RN 1.02

5 ) Fib Extension Hundred !!!

Lets see
Good call Chanya i like it ! Just don't forget even the minor trouble areas out there . It's a steep uptrend , a lot of momentum to the upside . Never miss that
  • #111,903
  • May 18, 2012 5:19am May 18, 2012 5:19am
Quoting Rust
If the forum had LIKE button , I would hit it
I SO wish they would provide us with the like button like facebook .... I too have felt a need for that alot of times ......
Human
  • #111,904
  • May 18, 2012 5:55am May 18, 2012 5:55am
Hey Chanya , I see there was some action on your trade . How do you manage ?
  • #111,905
  • May 18, 2012 5:59am May 18, 2012 5:59am
Dont Jim ,I have 2 good and 2 bad silly trades ,no pa just line ,

In the main im pound short ,messing with my nerves right now ,catch you later ,ill post my trades good or bad at weekend


Quoting jarroo
Well, I had the High for the Week at the 1.2963-1.2941 Weekly LCS levels ..looks like the Daily LCS level 1.2954 was more accurate.

Did you add up there . .?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,906
  • May 18, 2012 7:20am May 18, 2012 7:20am
Quoting gadogado
Yes, sir. It's very strong.

Price close below it and will flip to resistance. But it go down further without taking my entry on the retrace at that level. Canceled it. Now it just do perfect act as resistance and perfectly hit first target level.
Here's the 3 Daily LCS levels (in blue) I'm looking at in this area.

If Price closes above these levels, we could see a nice build of Support with these 3 levels. . .For it to start moving up, its going to need all the Support it can get . .lol. . .But until then, I see more downward movement.
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Indicators show the past. Price Action "Indicates" the future.
  • #111,907
  • May 18, 2012 7:21am May 18, 2012 7:21am
Quoting Bones
Dont Jim ,I have 2 good and 2 bad silly trades ,no pa just line ,

In the main im pound short ,messing with my nerves right now ,catch you later ,ill post my trades good or bad at weekend
. .sorry Tony . .Don't what??
Indicators show the past. Price Action "Indicates" the future.
  • #111,908
  • May 18, 2012 7:30am May 18, 2012 7:30am
Quoting jarroo
Here's the 3 Daily LCS levels (in blue) I'm looking at in this area.

If Price closes above these levels, we could see a nice build of Support with these 3 levels. . .For it to start moving up, its going to need all the Support it can get . .lol. . .But until then, I see more downward movement.
Now its also at the 50 fib ret for the whole up move since 13. jan.
Thoughts are things
  • #111,909
  • May 18, 2012 7:36am May 18, 2012 7:36am
Quoting Quezoy
Now its also at the 50 fib ret for the whole up move since 13. jan.
Yeah, in the general area . .like I said, its going to need all the Support it can get to start moving up from here. .
Indicators show the past. Price Action "Indicates" the future.
  • #111,910
  • May 18, 2012 7:42am May 18, 2012 7:42am
Quoting jarroo
Well, I had the High for the Week at the 1.2963-1.2941 Weekly LCS levels ..looks like the Daily LCS level 1.2954 was more accurate.

Did you add up there . .?
Now it hit the 1.2954 . .
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Indicators show the past. Price Action "Indicates" the future.
  • #111,911
  • May 18, 2012 7:48am May 18, 2012 7:48am
Quoting jarroo
Yeah, in the general area . .like I said, its going to need all the Support it can get to start moving up from here. .
What about those spikes to the left?
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Thoughts are things
  • #111,912
  • May 18, 2012 7:56am May 18, 2012 7:56am
Quoting Quezoy
What about those spikes to the left?
Yes I like those previous Resistance Highs . . there some traffic between them but I believe the Space that they are in now could renew them . .
Indicators show the past. Price Action "Indicates" the future.
  • #111,913
  • May 18, 2012 8:15am May 18, 2012 8:15am
Quoting jarroo
Now it hit the 1.2954 . .
that was quick . .
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Indicators show the past. Price Action "Indicates" the future.
  • #111,914
  • May 18, 2012 8:36am May 18, 2012 8:36am
Quoting Dan Gilbert
One of James' very first examples in this thread. demo'ing it.

what a crazy week.

HARD break.

Stop moved to B/E
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Many choose unhappiness over uncertainty.
  • #111,915
  • May 18, 2012 8:55am May 18, 2012 8:55am
I think this will be a loser ... Even the FTA wasn't hit properly ..... Reviews are appreciated ( Especially Mike's ) !!!
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Human
  • #111,916
  • May 18, 2012 8:55am May 18, 2012 8:55am
Quoting jarroo
Here's the 3 Daily LCS levels (in blue) I'm looking at in this area.

If Price closes above these levels, we could see a nice build of Support with these 3 levels. . .For it to start moving up, its going to need all the Support it can get . .lol. . .But until then, I see more downward movement.
lol... right sir. It look similar with current EUR/AUD that I watching. I chose 3040 one because it's dual LCS and quite line up with Daily LCS.
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  • #111,917
  • May 18, 2012 8:56am May 18, 2012 8:56am
thumbs down
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meine augen sind die sterne
  • #111,918
  • May 18, 2012 8:57am May 18, 2012 8:57am
Quoting Rust
Hey Chanya , I see there was some action on your trade . How do you manage ?

Hey Rust ,Fta wasn't hit So I Did not do anything ,,, Still hanging in there !!!
Human
  • #111,919
  • May 18, 2012 9:13am May 18, 2012 9:13am
Quoting aserbfx
thumbs down
hahah I know so many people who had pools on how high it would spike initially
  • #111,920
  • May 18, 2012 9:24am May 18, 2012 9:24am
Quoting Chanya
Hey Rust ,Fta wasn't hit So I Did not do anything ,,, Still hanging in there !!!
Well , I don't want to mess around with your head , couse i think you got to find what feels best for you by yourself . But anyway , here is what i was talking about is my previous message :

Quoting Rust
Good call Chanya i like it ! Just don't forget even the minor trouble areas out there . It's a steep uptrend , a lot of momentum to the upside . Never miss that
... and here is how my chart looks like
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It was not a bad trade . But in such case I prefer a thousand times to hit a breakeven and see it then drop like a rock , than risk a full bar loss. It hurts much less !
Just my humble opinion .
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