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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

  • #111,941
  • May 18, 2012 5:54pm May 18, 2012 5:54pm
Quoting mbqb11
this guy is too modest. Jarroo knows his stuff and we are lucky to have him here

Mike
I think it works both ways Mike. Without you both, I would have quit this business a long time ago. When I'm next in NYC, I'm buying

Daily levels, breakout and retests continue to provide pip perfect returns. NZDCHF chart attached. You gotta love this thread.

Happy weekend all.
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  • #111,942
  • May 18, 2012 5:56pm May 18, 2012 5:56pm
closed out - £400



Quoting Bones
Dont trade the Cad Jim ,lol
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  • #111,943
  • May 18, 2012 5:58pm May 18, 2012 5:58pm
Sorry Jim I mean dont talk about it ,just a saying when things go wrong thats all ,but in general I was Eur short ,and moved to Gbp ,so I am happy


Quoting jarroo
. .sorry Tony . .Don't what??
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  • #111,944
  • May 18, 2012 6:03pm May 18, 2012 6:03pm
Good trade ?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,945
  • May 18, 2012 6:05pm May 18, 2012 6:05pm
Quoting bud_fox
Definitely interesting set up.

Triple Top with strong PPZ @ 0.9350-0.9400 and divergence. Also 50% Fib retracement from major swing high from February 2006. FTA is critical as heading straight into traffic.

FTA too close for me so I'll just sit this one out and watch and learn.

bud_fox
This trade has worked out beautifully.

Triple Top with major PPZ @ 0.9350-0.9400 and divergence. Also 50% Fib retracement from major swing high from February 2006. FTA is critical as heading straight into traffic.

I would expect price to stall and find support at 0.9150 with ascending trend line and 365 EMA.
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  • #111,946
  • May 19, 2012 3:25am May 19, 2012 3:25am
this is a trade i took last monday.
sohu broke through the longtime support at 45.40 and 45.00 usd.
i entered short below.
stock is in a long downtrend.
yesterday i took some off the table at 41.95usd.
there will be one more opportunity on this stock as soon as price breaks the 40.00 usd.
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meine augen sind die sterne
  • #111,947
  • May 19, 2012 3:40am May 19, 2012 3:40am
Took this USD/CHF short as I was experimenting with harmonic patterns.

A Bearish Gartley was completed just below BRN 0.95, there was also a LCS/HCR zone.
I took it allready after the first doji formed as I saw this price stagnation in the reversal zone (after 2 strong up candles) as a good sign.

Yesterday we had a good down move. Now its managing time.
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Thoughts are things
  • #111,948
  • May 19, 2012 4:36am May 19, 2012 4:36am
ok you prob think prime location ,crazy tony right ?




Quoting Bones
I would say look at the story of that pin ,only take the break ,pls check monthly and tell me what you see
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  • #111,949
  • May 19, 2012 4:41am May 19, 2012 4:41am
I like it can you project targets? with such a pattern


Quoting Quezoy
Took this USD/CHF short as I was experimenting with harmonic patterns.

A Bearish Gartley was completed just below BRN 0.95, there was also a LCS/HCR zone.
I took it allready after the first doji formed as I saw this price stagnation in the reversal zone (after 2 strong up candles) as a good sign.

Yesterday we had a good down move. Now its managing time.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,950
  • May 19, 2012 5:05am May 19, 2012 5:05am
Quoting Bones
I like it can you project targets? with such a pattern
I saw that Last Coke uses the 38.2 and 61.8 fib ret of the last leg as TP targets.
http://www.forexfactory.com/showthread.php?t=222441

I personally have no experice with those patterns for now, but will look for obvious trouble areas and fib ret. as TP zones.
Thoughts are things
  • #111,951
  • May 19, 2012 5:10am May 19, 2012 5:10am
BEOB on USDCHF. Right at the top with space.

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Target blue and red line.
  • #111,952
  • May 19, 2012 6:19am May 19, 2012 6:19am
Quoting bud_fox
This trade has worked out beautifully.

Triple Top with major PPZ @ 0.9350-0.9400 and divergence. Also 50% Fib retracement from major swing high from February 2006. FTA is critical as heading straight into traffic.

I would expect price to stall and find support at 0.9150 with ascending trend line and 365 EMA.
Yes it did
I guess there were no clear defined FTA that could stop this beast falling down.
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  • #111,953
  • May 19, 2012 7:23am May 19, 2012 7:23am
Keeping it simple and James16

Pinbar swing low, off support(would have liked to see price test 1500). We are in a larger overall consolidation. But where is price going? Right to those bar lows if we break.

Are you new and confused as heck by everything? Go back to post one and SLOWLY go through all of post 1 and ALL of James16 charts. I got a bunch of PMs about how confusing this all seems. You must start and read the first few hundred pages of this thread. Without that foundation from James it will seem very confusing. Keep it simple

Hope everyone is having a nice weekend
Mike
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  • #111,954
  • May 19, 2012 8:56am May 19, 2012 8:56am
Sorry Mike your right ,but is it over complicating it to say look 1 time frame higher to assess how good something is ,actually I would say it is basic ,and more importantly underdone from posts I read

Regards

Tony


Quoting mbqb11
Keeping it simple and James16

Pinbar swing low, off support(would have liked to see price test 1500). We are in a larger overall consolidation. But where is price going? Right to those bar lows if we break.

Are you new and confused as heck by everything? Go back to post one and SLOWLY go through all of post 1 and ALL of James16 charts. I got a bunch of PMs about how confusing this all seems. You must start and read the first few hundred pages of this thread. Without that foundation from James it will seem very confusing. Keep it simple

Hope...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,955
  • May 19, 2012 9:14am May 19, 2012 9:14am
Quoting Bones
Sorry Mike your right ,but is it over complicating it to say look 1 time frame higher to assess how good something is ,actually I would say it is basic ,and more importantly underdone from posts I read

Regards

Tony
Hey Tony

I think it is really what works best for each person. No two traders will be the same. Most of us(and I am sure you too) take a little bit from here and there, add our own in etc. But i think for people who are just LOST in the trading world, keeping it basic and simple is all you need in the beginning. Just learning to see the light and do things right in some capacity helps feed that cycle of learning to really find your way there. Once you have something you call your OWN that's when someone really is gonna be ok.

Don't you just love this stuff i think most people would say we are sick in the head haha
Mike
  • #111,956
  • May 19, 2012 9:14am May 19, 2012 9:14am
so up one time frame what do we see ,major long term tl taken ,push up rejected ,we should be on toes ,No ?
We should be carefull of not taking longs without break ,No?
but break agree up to first point

really I dont see this as difficult stuff I apply to all trades
Attached Image (click to enlarge)
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  • #111,957
  • May 19, 2012 9:15am May 19, 2012 9:15am
Quoting 5.25
I think it works both ways Mike. Without you both, I would have quit this business a long time ago. When I'm next in NYC, I'm buying

Daily levels, breakout and retests continue to provide pip perfect returns. NZDCHF chart attached. You gotta love this thread.

Happy weekend all.
awesome dude, you have done well Tomek

Mike
  • #111,958
  • May 19, 2012 9:19am May 19, 2012 9:19am
Yea true Mike , I do love it haha


Quoting mbqb11
Hey Tony

I think it is really what works best for each person. No two traders will be the same. Most of us(and I am sure you too) take a little bit from here and there, add our own in etc. But i think for people who are just LOST in the trading world, keeping it basic and simple is all you need in the beginning. Just learning to see the light and do things right in some capacity helps feed that cycle of learning to really find your way there. Once you have something you call your OWN that's when someone really is gonna be ok.

Don't you just...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #111,959
  • May 19, 2012 9:27am May 19, 2012 9:27am
Quoting Bones
so up one time frame what do we see ,major long term tl taken ,push up rejected ,we should be on toes ,No ?
We should be carefull of not taking longs without break ,No?
but break agree up to first point

really I dont see this as difficult stuff I apply to all trades
Yep you are right bones. BUt that pin on a break is pretty sure shot to those bar lows. It's a perfect James16 day trading the daily chart as he says. That's how easy we can keep it was my point and where new traders SHOULD start and often you don't need more than that.

I personally wouldn't be interested in trading till we get out of the wedge. That's my favorite of course

Nice charts
Mike
  • #111,960
  • May 19, 2012 10:24am May 19, 2012 10:24am
Absolutely J16 works I'm a fan ,when you get better at it you pick up other stuff for sure ,take you a patterns expert ,also Jim I note has added and I'm glad you share that here also
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