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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

  • #115,041
  • Aug 6, 2012 2:00pm Aug 6, 2012 2:00pm
Good try MG42.

I like your logic.
  • #115,042
  • Aug 6, 2012 2:03pm Aug 6, 2012 2:03pm
Quoting Pinbar
By Popular request.
Here is J16's "Where is price going, where did it go" Quiz.
[...]Then, edit it with your horizontal line and post your reasons for price going where you think it did.
Hi all!

My first post on the thread, but have been reading it for almost 3 weeks and still tons to go through. It's like an encyclopaedia of forex PA knowledge, thanks all for contributing!

My rough estimation where the price could go is on the image attached. Reasoning - previous S/R zones in the same area highlighted on the chart.

Fil.
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  • #115,043
  • Aug 6, 2012 2:05pm Aug 6, 2012 2:05pm
Quoting HanSolo
Hi PB, everythings fine here. Yes, I loved those sessions, too. I hope we could do it again some time.

Man, I'm very impressed of your 10 star rating. I knew you would get there. Your dedication has always been a great inspiration for me.



I've got some work to do on the weekend but I will get back here next week.

I'm looking forward to trade side by side with you again.

Anyone watching the triangle break on GBPCAD? Probably still too much support to the downside for a clear break. But we'll see.


See you soon
Hans
sure am Hans, been watching this one for a LONG time. We have the BRN of 1.55 just under us and a previous LCS(for those jarrooers). This is how we blend everything. Wedge pattern, BRN , Swing points. Now we watch for PA to tip us off

I will watch weekly and daily for PA information


Best
Mike
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  • #115,044
  • Aug 6, 2012 2:11pm Aug 6, 2012 2:11pm
Quoting Chanya
Four more of my trades have developed strongly ...
Hello my friend.

Cool trades. Thank you for sharing that with us. But I have a doubt on the first one. The bearish candle after the PBT&CB candle didn't retest your points of entry. What was your criteria to get into this one?

I hope the question makes sence.

Cheers.
  • #115,045
  • Aug 6, 2012 2:12pm Aug 6, 2012 2:12pm
Quoting Chanya
Four more of my trades have developed strongly ...
Hi Chanya ... I'm a little confused and I have a question for you.
I read your PDF (it's cool ), but the question is:

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Sorry for the stupid questions .... just trying to understand
  • #115,046
  • Aug 6, 2012 2:15pm Aug 6, 2012 2:15pm
Quoting filipl
Hi all!

My first post on the thread, but have been reading it for almost 3 weeks and still tons to go through. It's like an encyclopaedia of forex PA knowledge, thanks all for contributing!

My rough estimation where the price could go is on the image attached. Reasoning - previous S/R zones in the same area highlighted on the chart.

Fil.
Glad you joined in filipl.

Another good answer.
  • #115,047
  • Aug 6, 2012 2:21pm Aug 6, 2012 2:21pm
Quoting utiq
Hi Chanya ... I'm a little confused and I have a question for you.
I read your PDF (it's cool ), but the question is:

Attachment

Sorry for the stupid questions .... just trying to understand
This is not a stupid question, I think that Chanya said sth about it some time ago - that he will write about it in part 2 of his pdf...if I am no mistaken...

But this is interesting, maybe because of the bar confirmation?
  • #115,048
  • Aug 6, 2012 2:22pm Aug 6, 2012 2:22pm
Quoting davidtrader
hi every body
whats your idea about my pic?
I agree with your perspective David! Interesting setup! Specialy considering its a breakout of a significant trendline. But this is a rookeys point of view.

Peace
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  • #115,049
  • Aug 6, 2012 2:22pm Aug 6, 2012 2:22pm
Quoting Pinbar
Glad you joined in
PB, you have my blessing on similar (wipg) future initiatives! More than merrier.
Would you mind making those more difficult gradually?

Even if I personally do not take part in it, it's good to know what do others think as you can still learn from it.

Fil.
  • #115,050
  • Aug 6, 2012 2:27pm Aug 6, 2012 2:27pm
Quoting rafstraszek
This is not a stupid question, I think that Chanya said sth about it some time ago - that he will write about it in part 2 of his pdf...if I am no mistaken...

But this is interesting, maybe because of the bar confirmation?

thanks for the comment .... wait for that answer Chanya
  • #115,051
  • Aug 6, 2012 2:39pm Aug 6, 2012 2:39pm
Quoting Pinbar
By Popular request.
Here is J16's "Where is price going, where did it go" Quiz.
Actually J16 does it live, this is an old setup with the candles to the right of this bar removed. But, it works just the same as when J16 posts these things, the candles to the right of the bar, have yet to be formed.
Copy this chart and draw a horizontal line where you think price made it to after this bar and explain your logic.


Give it a try folks. You can not lose anything, and have Everything to gain.

Weekly time frame chart with a bullish PB.

Ahhh,...
There was strong rejection - price go below lcs, to lls(lowest low of support) and then close above - so I think, that bullish move will be big.

My first thought was lvl marked as TP2, but then I saw TP1 lvl - lot of gaps created on/near it - I would watch it very closely and if price would have ANY (on D1) problem at this lvl, I would be out.

I would probably use Ghous method (at least I think so ), so I can have tighter sl. I would put pending buy order on top of box I draw, and move to be quickly (I like comfort given by be).
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  • #115,052
  • Aug 6, 2012 2:44pm Aug 6, 2012 2:44pm
Quoting bullzeye
GBP/NZD

looks like a runner now, broke trough the support area

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GBP/NZD

this thread gives me the confidence and patience to hold on such runner trades, 500 Pips in Profit now ...thanks guys

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  • #115,053
  • Aug 6, 2012 2:50pm Aug 6, 2012 2:50pm
Quoting bullzeye
GBP/NZD

this thread gives me the confidence and patience to hold on such runner trades, 500 Pips in Profit now ...thanks guys

Attachment
If it's not a problem, could you write the reason you went in?
Was it break and close below flag trendline?

EDIT:
LOL xD I forgot congratulate you! Great trade man!
  • #115,054
  • Aug 6, 2012 2:54pm Aug 6, 2012 2:54pm
Quoting bullzeye
USD/CAD

add another position lil higher

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USD/CAD

S/R and PA is the only way to trade

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  • #115,055
  • Aug 6, 2012 3:00pm Aug 6, 2012 3:00pm
Quoting rafstraszek
If it's not a problem, could you write the reason you went in?
Was it break and close below flag trendline?

EDIT:
LOL xD I forgot congratulate you! Great trade man!
thanks bro, but not closed yet

i took this one on weekly after its forming a pin on this TF and failing on PPZ

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  • #115,056
  • Aug 6, 2012 3:07pm Aug 6, 2012 3:07pm
Quoting bullzeye
thanks bro, but not closed yet

i took this one on weekly after its forming a pin on this TF and failing on PPZ

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... one can be so focus on daily, that he complete forgets, that there are other tfs...Thanks mate
  • #115,057
  • Aug 6, 2012 3:08pm Aug 6, 2012 3:08pm
Quoting bullzeye
GBP/NZD
this thread gives me the confidence and patience to hold on such runner trades, 500 Pips in Profit now ...thanks guys
Attachment
Hi Bullzeye,

May I ask what triggered you into this short?
It wasn't a PB or BEOB, so what made you short it?
Weren't you worried it was trading into BRN 1.95?

Sorry if those are silly questions, I'm still learning...
Fil.
  • #115,058
  • Aug 6, 2012 3:18pm Aug 6, 2012 3:18pm
Quoting Chanya
Four more of my trades have developed strongly ...
hello dear...
I am a lil bit confused to understand one of your recent two charts. In second chart (USD/PLN) u have mentioned PBT&CB... but I am confused which LCS you mean the price has broken down and closed below?

Hope the question is clear to understand.

====
aslam
  • #115,059
  • Aug 6, 2012 3:34pm Aug 6, 2012 3:34pm
Sharing here one old post of the Great Man for the new users here.

IF THAT DOESNT GIVE ALL OF YOU CONFIDENCE THEN IM NOT SURE WHAT TO DO.

HERE WAS A QUESTION I GOT TODAY AND I THOUGHT MY ANSWER MIGHT HELP SOME OF YOU.

"Im seeing some of the same setups that you do, so why am I not trading them? Am I not trusting myself ? Am I worrying about the outcome of an individual trade, I hope not. Was I being too picky with this setup? I assume you weren't worried about the BRN then ? This is where the discretionary part seems to become so difficult.


I didn't trade the AUDUSD either, was only a screenshot at my end again.


I feel sooo close.....Whats the missing piece of the puzzle in my head ?"


its very simple. just go 6 months in a row either on demo or with pocket change with all 6 months being winning months. then up your lot size a little more and go another 3 to 6 months and do the same thing again. do the same thing over and over until your at full lot size you want to be at. how long will it take? i dont know but its worth it.

Link
http://www.forexfactory.com/showthre...45#post5472645
  • #115,060
  • Aug 6, 2012 3:40pm Aug 6, 2012 3:40pm
Quoting Chanya
Four more of my trades have developed strongly ...
Chanya, some of the stuff you posted threw me off a little bit, so I'd just like to check some stuff. The picture pretty much says it all, but there is also a PBT&CA right next to what you posted as a PBT&CB, just wondering if there was any reason not to take the CA trade that happened right before?
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