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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

  • #112,261
  • May 25, 2012 8:27am May 25, 2012 8:27am
and Bones... double check Your gold strategy. market could make another mistake LOL
all is eternal - this is good news for people who loves bad news
  • #112,262
  • May 25, 2012 8:42am May 25, 2012 8:42am
Quoting Bones
please
I Have no intrest ,infact Im not even a real trader yet
and even if I was I wouldnt need anyone elses money period
Quoting Bones
lol ok no fighting im long you are wrong btw im in real account ,current profit this week £7660
So you're not a real trader, but you're trading an account with real money?

Sorry, I'm just a little confused here so a little clarification might be necessary.

And by the way, I really do not like or appreciate the fact that you're attacking people like edge540. If you listed out all of your confluence (J16 reasons for taking the trade) and posted clean, logical charts like he did, I would not mind you posting here. As was stated before by multiple people, your charts are cluttered, confusing, hard to follow, and are not a J16 style of trading. If you would like to collaborate with other traders about multiple styles of trading, please post your methods in the "Interactive Trading" of Forex Factory. This is not a personal attack against you. Myself and others are simply trying to learn the J16 style of trading (which is why we post and follow this thread). Listing out the J16 established reasons (confluence) should be a requirement when posting a trade in this thread. This is not a trade discussion thread; it is a trading style thread.

This should be how every trade is posted in this thread by everybody:

Quoting edge540
Daily BEOB on EUR/GPB chart.
Trade Reasoning:
#All the following TF's trending down,daily weekly and monthly (so I'm a seller).
#BEOB at a pull back from the down trend.
#Minor swing high.
#PPZ at RN of .8050.
All of the above says CONFLUENCE.

Sell 15 micro (3% risk) @.8035
SL initially set @ .8106 and the reduced as trade went in my favour,currently at BE.
TP .7950.
  • #112,263
  • May 25, 2012 8:49am May 25, 2012 8:49am
Quoting Ender2492
So you're not a real trader, but you're trading an account with real money?

Sorry, I'm just a little confused here so a little clarification might be necessary.

And by the way, I really do not like or appreciate the fact that you're attacking people like edge540. If you listed out all of your confluence (J16 reasons for taking the trade) and posted clean, logical charts like he did, I would not mind you posting here. As was stated before by multiple people, your charts are cluttered, confusing, hard to follow, and are not a J16 style of...
Yes guys, let's not turn this thread into a post whatever is on my mind thread liek the Eur/usd thread or Gbp/Usd thread.

I would rather not having to start cleaning up this thread. This thread is meant for NEW traders. So what are we here to do but help new traders. If you have a chart, post your explanation with it. Not just a buy or sell order that doesn't help people UNDERSTAND.

Please let's not have me have to clean up posts.

For example here is a trade I am in, with a full explanation. This is a touch trade using the concepts of loss of momentum(divergence) huge PPZ 9300, Market pattern(the channel), short term PPZ, and strength of close.

Please let's do that with our charts so new traders can learn and understand these concepts so I don't have to start submitting clean up reports. That's not what this thread has done for 5+ years. And that's just not fair to the new people either


Thank you
Mike
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  • #112,264
  • May 25, 2012 8:51am May 25, 2012 8:51am
Quoting Ender2492
So you're not a real trader, but you're trading an account with real money?

Sorry, I'm just a little confused here so a little clarification might be necessary.

And by the way, I really do not like or appreciate the fact that you're attacking people like edge540. If you listed out all of your confluence (J16 reasons for taking the trade) and posted clean, logical charts like he did, I would not mind you posting here. As was stated before by multiple people, your charts are cluttered, confusing, hard to follow, and are not a J16 style of trading....
Yes edge gave us a real sample of ideal post.. clear and simple.
all is eternal - this is good news for people who loves bad news
  • #112,265
  • May 25, 2012 8:56am May 25, 2012 8:56am
Quoting Ender2492
So you're not a real trader, but you're trading an account with real money?

Sorry, I'm just a little confused here so a little clarification might be necessary.

And by the way, I really do not like or appreciate the fact that you're attacking people like edge540. If you listed out all of your confluence (J16 reasons for taking the trade) and posted clean, logical charts like he did, I would not mind you posting here. As was stated before by multiple people, your charts are cluttered, confusing, hard to follow, and are not a J16 style of trading....
Really! It seems like Edgy540 is attacking everyone and going unchecked.
  • #112,266
  • Edited 9:17am May 25, 2012 9:00am | Edited 9:17am
Quoting mbqb11
Yes guys, let's not turn this thread into a post whatever is on my mind thread liek the Eur/usd thread or Gbp/Usd thread.

I would rather not having to start cleaning up this thread. This thread is meant for NEW traders. So what are we here to do but help new traders. If you have a chart, post your explanation with it. Not just a buy or sell order that doesn't help people UNDERSTAND.

Please let's not have me have to clean up posts.

For example here is a trade I am in, with a full explanation. This is a touch trade using the concepts of...
Then clean up the people like Edgy540 who are instigating this kind of discussion. This is all this guy ever does and you must realize this already? Perhaps being a PF lifetime member gives them the right to go unchecked? It seems rather ridiculous. But, not totally unfeasible, going on personal previous experience.

Yeah, as you told me, I have a target on my back, but this does not give any unhelpful Jerk the right to shoot at it, or does it?

This is the problem with this thread, the people taking the arrows get warned but those in the PF, however unhelpful or noncontributory they may be, never get the speech you gave to me or others.

I am really starting to think how unfair, this moderation system is in this thread.
  • #112,267
  • May 25, 2012 9:24am May 25, 2012 9:24am
Quoting mbqb11
For example here is a trade I am in, with a full explanation. This is a touch trade using the concepts of loss of momentum(divergence) huge PPZ 9300, Market pattern(the channel), short term PPZ, and strength of close.

Please let's do that with our charts so new traders can learn and understand these concepts so I don't have to start submitting clean up reports. That's not what this thread has done for 5+ years. And that's just not fair to the new people either


Thank you
Mike
This is what I see:

  1. Price is in a downward channel, but most recently made a higher low (at the last swing point) and was able to break through the .9300 level.
  2. After breaking through .9400, we saw multiple bar highs followed by multiple bar lows (highlighted by the lime green check marks), which is evidence of strong resistance turning to strong support.
  3. Price looks to be breaking out of the downward channel, but in previous days the .9400 level has held as very strong resistance (highlighted by the red arrows). This is where I'd look for PA to see if price will break through or get firmly rejected.
  4. If we can get above this .9400 area, there is a ton of space and we should be able to expect a major 'pop' in price.


Thoughts?

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  • #112,268
  • May 25, 2012 9:32am May 25, 2012 9:32am
Quoting Pinbar
Then clean up the people like Edgy540 who are instigating this kind of discussion. This is all this guy ever does and you must realize this already? Perhaps being a PF lifetime member gives them the right to go unchecked? It seems rather ridiculous. But, not totally unfeasible, going on personal previous experience.

Yeah, as you told me, I have a target on my back, but this does not give any unhelpful Jerk the right to shoot at it, or does it?

This is the problem with this thread, the people taking the arrows get warned but those in the...
I am not picking sides, and never have. I ask everyone to treat everyone with respecting. Including you, edge, and anyone else.

i'm not beating this horse down again. If I see a post that in any way disrespects anyone or is outside of trading I am simply going to have those posts removed. If i see it happen after I do that, that person will then be removed from this thread. I hate to do it, but I am going to.

If we keep this to charts can you all see how this won't happen?

I don't know why people are against other people, aren't we all trying to accomplish the same things.

Let's move on now, and again the above goes for everyone. There is NO need to respond to this post anyone. Please don't make me have to ban people from this thread.

Mike
  • #112,269
  • May 25, 2012 9:34am May 25, 2012 9:34am
Quoting Ender2492
This is what I see:[list][*]Price is in a downward channel, but most recently made a higher low (at the last swing point) and was able to break through the .9300 level.[*]After breaking through .9400, we saw multiple bar highs followed by multiple bar lows (highlighted by the lime green check marks), which is evidence of strong resistance turning to strong support.[*]Price looks to be breaking out of the downward channel, but in previous days the .9400 level has held as very strong resistance (highlighted by the red arrows). This is where...
very good ender. I got in a bit early with my touch trade since that 9300 level was SO strong and important. Now we even got a BUOB pushing us outside of the channel. This may fizzle being friday as well as the holiday monday. My stops at b/e at 9300 so it's up to the market now. The major trouble areas are the touches to our trendline

Best
Mike
  • #112,270
  • May 25, 2012 9:43am May 25, 2012 9:43am
Quoting mbqb11
great great area to watch. 1.3 MAJOR PPZ, now channel may be breaking. Time to watch this entire PA . I am open to both ways but if we start to close outside this rising TL I am looking for shorts. Closes above 1.3 looking for longs

Keep it simple

Mike
update

price may close outside of the channel. I won't be doing anything today/monday but next week we could see short opportunities come into play around this area.
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  • #112,271
  • May 25, 2012 10:04am May 25, 2012 10:04am
Quoting mbqb11
update

price may close outside of the channel. I won't be doing anything today/monday but next week we could see short opportunities come into play around this area.
OMG!

I have acctualy spoted this.
Now I can enjoy my weekend
Thoughts are things
  • #112,272
  • May 25, 2012 10:15am May 25, 2012 10:15am
Quoting Quezoy
OMG!

I have acctualy spoted this.
Now I can enjoy my weekend
I am pretty lazy Q, I look for the obvious! I stink at most other stuff if I don't

Enjoy that weekend mines about to be a VERY long one

Best
Mike
  • #112,273
  • May 25, 2012 10:26am May 25, 2012 10:26am
Quoting mbqb11
I am pretty lazy Q, I look for the obvious! I stink at most other stuff if I don't

Enjoy that weekend mines about to be a VERY long one

Best
Mike
Weddings are pants. Full of people you don't know or don't like
  • #112,274
  • May 25, 2012 10:53am May 25, 2012 10:53am
Quoting mbqb11
I am pretty lazy Q, I look for the obvious! I stink at most other stuff if I don't

Enjoy that weekend mines about to be a VERY long one

Best
Mike
Long weekends are good weekends

Dont party to hard, we need you are at monday open
Thoughts are things
  • #112,275
  • May 25, 2012 11:00am May 25, 2012 11:00am
Quoting mbqb11
update

price may close outside of the channel. I won't be doing anything today/monday but next week we could see short opportunities come into play around this area.
Thanks for kind words earlier Mike and hope you enjoy your friend's wedding (Magic Hat in your future??)

I've been waiting for price to arrive at the BRN on EURAUD for a few months now. http://www.forexfactory.com/showthre...16#post5517716

A TT near 1.3000 would certainly have been reasonable considering the previous strength of the level. I considered it, but was actually wanting to see price crash through and then come back to the level....guess I'll keep waiting!

BTW, I wasn't watching the channel, but am now...
  • #112,276
  • May 25, 2012 11:11am May 25, 2012 11:11am
Mike 600 person wedding party!? Its a small pleasantville town already LOL
better they will be happy and live long life after spending so much on such occasion
all is eternal - this is good news for people who loves bad news
  • #112,277
  • May 25, 2012 11:43am May 25, 2012 11:43am
Quoting Donkey
Thanks for kind words earlier Mike and hope you enjoy your friend's wedding (Magic Hat in your future??)

I've been waiting for price to arrive at the BRN on EURAUD for a few months now. http://www.forexfactory.com/showthre...16#post5517716

A TT near 1.3000 would certainly have been reasonable considering the previous strength of the level. I considered it, but was actually wanting to see price crash through and then come back to the level....guess I'll keep waiting!

BTW, I wasn't watching the channel, but am now......
Yea I think a few Jarrooers got in on a TT to that 1.3

I considered it! But that doesn't count right

Mike
  • #112,278
  • Edited 12:40pm May 25, 2012 12:25pm | Edited 12:40pm
ok only clean ,charts ,my apology to anyone I have offended ,its not my purpose ,
I have had long stressfull week thats all

My gold strat has not changed
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,279
  • May 25, 2012 12:31pm May 25, 2012 12:31pm
gold weekly
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #112,280
  • May 25, 2012 12:34pm May 25, 2012 12:34pm
Bones may I ask where is your stop loss???
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