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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

  • #116,121
  • Aug 23, 2012 8:27am Aug 23, 2012 8:27am
Quoting jarroo
Thanks Hans, I'm glad they are helpful . .

I do use the FxPro feed which is the New York Close and I love consolidation at swing Highs and Lows . It looked very technically correct to me.
I see. If you would have been stopped out, would you have entered again on the higher HCRs like I did? Or do you think my entry was too late?
Thanks J16, Sam Seiden, Udine and Jacko
  • #116,122
  • Aug 23, 2012 8:33am Aug 23, 2012 8:33am
Quoting HanSolo
I see. If you would have been stopped out would you have considered to enter again on the higher HCRs, too? Or do you think my entry was too late?
Yes, absolutely and not too late. You can see that Mike dynamical or market shift developing . .we could be in for nice little run in this trend changing event.

Thanks Mike. . .
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #116,123
  • Aug 23, 2012 8:37am Aug 23, 2012 8:37am
Quoting jarroo
Yes, absolutely and not too late. You can see that Mike dynamical or market shift developing . .we could be in for nice little run in this trend changing event.

Thanks Mike. . .
I guess I am a little late to the party, I didn't realize you guys were already in this trade...
  • #116,124
  • Aug 23, 2012 8:38am Aug 23, 2012 8:38am
Quoting PhAnTi'
thats why i sometimes dont like the LCS trades etc.... you sold right at demand...

best,
Jonas
Dude , don't say that ... You are breaking my heart ...

Maybe you don't know half the story or even more ... You might just be looking at it and saying that " OH man , see ? He sold Right at demand and look the trade reversed and gave us the loss " ... Here is a breaking news , those who know what they are doing , for them losses are rare ... For those of us who know our stuff , we don't have losses but BE 90 % of the time instead if losses ... I am also part time learning Supply and Demand but separately and rarely just to expand my horizon ... I don't need it ... I don't like it half as compared to PBT ... Selling into demand , buying into supply , I don't care because I move to BE and almost every trade is a free trade so whats the big deal ???

This week , I took 24 trades ... 3 losses of 9 , 11 and 23 pips ( this one was My fault ) ... 3 BE's ... Count the rest .... I am telling you this because I NEVER LOOKED WHERE THE SND's are ...

Regards
Chanya
Human
  • #116,125
  • Aug 23, 2012 8:42am Aug 23, 2012 8:42am
Quoting jarroo
I still don't know how those EAs work or how to apply them ..
Check here:
http://en.luktom.biz/Page/447/luktom...l-order-editor
There is a video how this staff works...
Basically you have 3 lines - tp, move to be, sl and you can "drag and drop them" like normal lines - and sl, tp is changing itself (you don't have to write anything)...
Be is different - you have to have your mt4 chart (and ea) online, when "be line" is hit, the ea is moving you sl to be...

But this ea has some issues, when you jump through tfs (maybe is fixed in new version)...the be line is moving itself to default lvl...

take care
  • #116,126
  • Aug 23, 2012 8:44am Aug 23, 2012 8:44am
Quoting meshka
my setup for today..
Looking good . .meshka .
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #116,127
  • Aug 23, 2012 8:45am Aug 23, 2012 8:45am
Quoting jarroo
Very nice HC . .

If only the DBHLC would have closed below those Lows . .darn it.
Jim,

is your 365 ema the black one on your GBPJPY chart?

My 365 ema is on a different location, are you also using this settings I have post on the screenshot attach?

thank you
Attached Image
  • #116,128
  • Aug 23, 2012 8:46am Aug 23, 2012 8:46am
Quoting rafstraszek
Check here:
http://en.luktom.biz/Page/447/luktom...l-order-editor
There is a video how this staff works...
Basically you have 3 lines - tp, move to be, sl and you can "drag and drop them" like normal lines - and sl, tp is changing itself (you don't have to write anything)...
Be is different - you have to have your mt4 chart (and ea) online, when "be line" is hit, the ea is moving you sl to be...

But this ea has some issues, when you jump through tfs (maybe is fixed in new version)...the be line is moving itself to default lvl......
Thanks rafstraszek for the info. .I may check it out ..
Indicators show the past. Price Action "Indicates" the future.
  • #116,129
  • Aug 23, 2012 8:48am Aug 23, 2012 8:48am
Quoting rafstraszek
Check here:
http://en.luktom.biz/Page/447/luktom...l-order-editor
There is a video how this staff works...
This is an awesome EA. There are a couple of minor glitches and watch for having multiple charts of the same pair open.
  • #116,130
  • Aug 23, 2012 8:48am Aug 23, 2012 8:48am
Quoting migmac
Jim,

is your 365 ema the black one on your GBPJPY chart?

My 365 ema is on a different location, are you also using this settings I have post on the screenshot attach?

thank you
Yes I have the same setting migmac . .but you have a different broker feed . .who has a different Close of Price. So the ema at the Close will be different.
Indicators show the past. Price Action "Indicates" the future.
  • #116,131
  • Aug 23, 2012 8:51am Aug 23, 2012 8:51am
Quoting jarroo
Looking good . .meshka .
And this same on eurcad, be already...

Quoting jarroo
I may check it out ..
Please do, as C-12 said - it has some issues...but I can't imagine my trading without it - it really saves time and makes things easier

cheers
Attached Image (click to enlarge)
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  • #116,132
  • Aug 23, 2012 8:52am Aug 23, 2012 8:52am
Quoting Chanya
Dude , don't say that ... You are breaking my heart ...
Wow, great record, Chanya. That proves just how powerful this method is.
But consider that you might be even better if you take supply (resistance) and demand (support) into account. You might have even fewer losses but most importantly you become better with your SL setting and trailing stops.
Thanks J16, Sam Seiden, Udine and Jacko
  • #116,133
  • Aug 23, 2012 8:53am Aug 23, 2012 8:53am
Quoting jarroo
Dude ..you're only 21 years old?!!! damn . . Fantastic , watch out Soros .
Dude , I am 21 too ...
Human
  • #116,134
  • Aug 23, 2012 8:54am Aug 23, 2012 8:54am
Quoting PhAnTi'
thats why i sometimes dont like the LCS trades etc.... you sold right at demand... dont you wait for a break of the lows and sell the retest ?

best,
Jonas
sorry off topic, %*$(*%*$ great song, as I'm sure you are probably aware:

My name is Jonas.
I'm carrying the wheel.
Thanks for all you've shown us.
This is how we feel.
Come sit next to me.
Pour yourself some tea.
Just like Grandma made
When we couldn't find sleep.
Things were better then.
Once but never again.
We've all left the den.
Let me tell you 'bout it.

The choo-choo train left right on time.
A ticket costs only your mind.
The driver said, "Hey, man, we go all the way."
Of course we were willing to pay.
[ Lyrics from: http://www.lyricsfreak.com/w/weezer/..._20145645.html ]
My name is Wepeel.
Gotta box full of your toys.
They're fresh out of batteries.
But they're still makin' noise, makin' noise.
Tell me what to do.
Now the tank is dry.
Now this wheel is flat.
And you know what else?
Guess what I received,
In the mail today.
Words of deep concern
From my little brother.

The building's not goin' as he planned.
The foreman has injured his hand.
The dozer will not clear a path.
The driver swears he learned his math.

The workers are goin' home. (x4)
Yeah!

The workers are goin' home. (x3)
Yeah! Yeah! Yeah!
  • #116,135
  • Aug 23, 2012 8:54am Aug 23, 2012 8:54am
chart to watch
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  • #116,136
  • Aug 23, 2012 8:55am Aug 23, 2012 8:55am
Quoting Chanya
Dude , I am 21 too ...
freaking amazing . .I love it . .
Indicators show the past. Price Action "Indicates" the future.
  • #116,137
  • Aug 23, 2012 9:02am Aug 23, 2012 9:02am
Quoting March2011
Hi Mike, I copy trade style from you , I like it a lot, can spend all day with charts.

Audjpy went to the big trendline/target.
Hey man, great spot
I was keen on it, too. Didn't took it because 82.50. Looks like i am big on these middles of two BRNs. Working on great as i still monitor it.
Base of the pattern is always a good TP zone
  • #116,138
  • Aug 23, 2012 9:05am Aug 23, 2012 9:05am
Quoting dan89
Surley you would of had a 1hr/4hr close/signiture on this level that would of taken you out for a loss though ?
Yes, that's correct and one approach . .many ways to skin a cat.


Quoting dan89
how would you enter using a daily close confirmation ? price breaks though and closes above a HCR level. Now we are looking for the area to hold as support. Price retests the level (or doesnt) and closes above the hcr level after the pbt&ca candle ... where do we enter ? Any examples with the daily and hourly close confirmations ?

I believe we are talking about two different pairs . .the UsdChf and AudUsd.

Do you have a chart to better ask your questions, Dan. . . that would surely help.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #116,139
  • Aug 23, 2012 9:05am Aug 23, 2012 9:05am
Quoting mbqb11
chart to watch
Mike, this is a piece of art. One day I'm going to print one of yours 3 x 4 meters and put it on my bedroom wall. LOL.
I'll put this pair on my hot list. A PBT&CB 1.0421 would be nice.
Attached Image (click to enlarge)
Click to Enlarge Name: 120823_03.jpg Size: 97 KB
Thanks J16, Sam Seiden, Udine and Jacko
  • #116,140
  • Aug 23, 2012 9:09am Aug 23, 2012 9:09am
Quoting HanSolo
Mike, this is a piece of art. One day I'm going to print one of yours 3 x 4 meters and put it on my bedroom wall. LOL.
I'll put this pair on my hot list.
lmao! Now that would be scary!

But I admit who HASN'T printed out a james16 chart
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