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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

  • #115,941
  • Aug 21, 2012 4:57pm Aug 21, 2012 4:57pm
I am still hanging with Aussie. Here is my picture.
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all is eternal - this is good news for people who loves bad news
  • #115,942
  • Aug 21, 2012 5:04pm Aug 21, 2012 5:04pm
Quoting mbqb11
Rust my man!

It has all started to make sense with your webinars my friend

Can't thank you enough for your great contribution to james16!

Still on the long road to become a black ninja
  • #115,943
  • Aug 21, 2012 5:05pm Aug 21, 2012 5:05pm
Quoting samuelngugi
hi,

i notice ur analysis is based on bar that are closed for todays trade. however, my broker's daily bars have not yet closed due to GMT difference i guess. doesnt this affect our analysis? are ther brokers we could install their MT4's for ease?
thank you, i will b watching those pairs too.
time is mystical thing I use FXPRO Mt4 for charting... its free and never expires...
all is eternal - this is good news for people who loves bad news
  • #115,944
  • Aug 21, 2012 5:06pm Aug 21, 2012 5:06pm
Some people are short on this, I'm long. The pbtca/b traders are looking at the rejection of the hcr. I believe this hcr was caused by the 150 ema- see how well prce has respected it. Now I have enough confluence (wedge breakout, 150 ema, brn with previous resistance and a dblhc) to get me into a trade with a low stop loss and look for runner to next brn- it may not get there but I will have stop to be asap.
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  • #115,945
  • Aug 21, 2012 5:08pm Aug 21, 2012 5:08pm
Quoting C-12
Still unsure how you guys got stopped out on the AUDUSD trade. I thought the stop went behind the breakthrough candle?
I'm no expert at this method. Ilike to trade with low stops and was using the brn and tl to enable me to get that low stop-possibly not right approach but I am unwilling to risk any more evn on demo.
  • #115,946
  • Aug 21, 2012 5:08pm Aug 21, 2012 5:08pm
Quoting Chanya
Already covered my AUD/USD loss with a much much bigger margin with this trade alone ....
what a fantastic entries You made! I am trying figure out how
all is eternal - this is good news for people who loves bad news
  • #115,947
  • Aug 21, 2012 5:12pm Aug 21, 2012 5:12pm
Lovely daily close on my feed.
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  • #115,948
  • Aug 21, 2012 5:45pm Aug 21, 2012 5:45pm
Quoting millions
Some people are short on this, I'm long. The pbtca/b traders are looking at the rejection of the hcr. I believe this hcr was caused by the 150 ema- see how well prce has respected it. Now I have enough confluence (wedge breakout, 150 ema, brn with previous resistance and a dblhc) to get me into a trade with a low stop loss and look for runner to next brn- it may not get there but I will have stop to be asap.
Hi Millions,

I agree with you that GBPJPY could definitely go higher but I personally am waiting for a break of 125.35 which is the recent HCR, plus 50% fib retracement and descending TL. If price manages to break and close above this area then I will play a retrace and go long.

Regards
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  • #115,949
  • Aug 21, 2012 5:57pm Aug 21, 2012 5:57pm
Quoting meshka
I am still hanging with Aussie. Here is my picture.
Hi Meshka
The one problem I see with this is that the USD index is falling and broken down thru daily/weekly TLs. Hope this helps.

Ray
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  • #115,950
  • Edited 7:48pm Aug 21, 2012 6:45pm | Edited 7:48pm
Quoting meshka
I am still hanging with Aussie. Here is my picture.
That is a good idea .. You should ... I was a little quick to close my trade ... If you scroll up to weekly , you would see that price was just retesting a recently PBT&CB level on the weekly ... Shorting is a way to go ... Best of luck ...

Quoting meshka
just a continuation trade... because Resistance flipped to Support... so I want to believe that bulls will push it further north.
Yogi Bear , told u I am short on CADJPY didn't I ???
Human
  • #115,951
  • Aug 21, 2012 6:49pm Aug 21, 2012 6:49pm
Quoting meshka
what a fantastic entries You made! I am trying figure out how
Does this help ???
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Human
  • #115,952
  • Aug 21, 2012 6:50pm Aug 21, 2012 6:50pm
Quoting Rust
It has all started to make sense with your webinars my friend

Can't thank you enough for your great contribution to james16!

Still on the long road to become a black ninja
Rust I appreciate those nice words really do, but your mentality is what does it.

Just stay on course you got it

Best
Mike
  • #115,953
  • Aug 21, 2012 7:04pm Aug 21, 2012 7:04pm
Quoting samuelngugi
forexgogo,

any indicator that give only round number 1000. after 100pips coz what am getting is 50 pips distances and they fill my charts. any idea.

FYI, guys keep up the good job. really wonderful trades and trading styles.
look here : http://www.forexfactory.com/showthread.php?t=12278

you may have to play around with it a little bit to get it to work right, but you basically have to get rid of the vertical grid, and change the horizontal grid to 1000 points (100 pip) and it will do what you are looking for.
  • #115,954
  • Edited 7:27pm Aug 21, 2012 7:11pm | Edited 7:27pm
Watch " THE DARK KNIGHT RISES " in the cinema today ... AWESSSSSSSOOOOOOOOMMMMMEEE Movie ...
Human
  • #115,955
  • Aug 21, 2012 7:46pm Aug 21, 2012 7:46pm
Quoting Chanya
That is a good idea .. You should ... I was a little quick to close my trade ... If you scroll up to weekly , you would see that price was just retesting a recently PBT&CB level on the weekly ... Shorting is a way to go ... Best of luck ...



Yogi Bear , told u I am short didn't I ???
My take on this pair is that price did move up to an older weekly level and then came back down to current weekly level where on my feed it firmly sits above. So the daily close today is above the weekly level. I'm gonna sit on this one.
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  • #115,956
  • Aug 21, 2012 8:07pm Aug 21, 2012 8:07pm
Quoting Chanya

Yogi Bear , told u I am short on CADJPY didn't I ???
OK I am closed that trade for 20 pips loss tonight. it broke south, good luck to Your short trade.
all is eternal - this is good news for people who loves bad news
  • #115,957
  • Aug 21, 2012 8:12pm Aug 21, 2012 8:12pm
Quoting midsea
Hi Meshka
The one problem I see with this is that the USD index is falling and broken down thru daily/weekly TLs. Hope this helps.

Ray
thats true but Aussie seems unaffected this time lets see how will close daily candle today.
all is eternal - this is good news for people who loves bad news
  • #115,958
  • Aug 21, 2012 8:47pm Aug 21, 2012 8:47pm
Quoting OffPiste
Hi Dan,

I like the potential here. Just wondering how you would play this? Would you wait for pullback to lowest close of IB4?
No, I'm playing the break that looks like it already happened... Gonna pay attention to how price reacts to that first trouble area... Will trail my stop logically as price moves.
Many choose unhappiness over uncertainty.
  • #115,959
  • Aug 21, 2012 11:48pm Aug 21, 2012 11:48pm
Hi guys!
What do you think about this one?

USDCAD Long
-Pin
-0.990000
-ppz
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Mától én vagyok a Soros!
  • #115,960
  • Aug 22, 2012 12:01am Aug 22, 2012 12:01am
Quoting ts63
Lovely daily close on my feed.
Kaboom! Out with 40 (quick) pips.
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