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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

  • #117,681
  • Sep 6, 2012 8:36pm Sep 6, 2012 8:36pm
Quoting jarroo
Looking good gado . .
thank sir...
  • #117,682
  • Edited Sep 7, 2012 1:14am Sep 6, 2012 8:36pm | Edited Sep 7, 2012 1:14am
Quoting Donkey
I'm absolutely loving the GBPNZD chart right now and the story that's developing. Price looks to me like it wants to come back down to the zone around 1.9800 (alot of previous HCR/LCS in that area) before going back to the 2.0 level. If 2.000 can be broken there's room for a trip to the moon .
Yeah, its in Space too . .your chart looks very predicable where Price will react and move.
Indicators show the past. Price Action "Indicates" the future.
  • #117,683
  • Sep 6, 2012 8:37pm Sep 6, 2012 8:37pm
Quoting gadogado
thank sir...

I'm sure Mike was smiling when he saw your chart, gado . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,684
  • Sep 6, 2012 8:41pm Sep 6, 2012 8:41pm
Quoting Chanya
Planning to take CHF JPY Long ???
I personally prefer GBPJPY due to more space and the BRN. waiting for price to come back to he highs.
Attached Image (click to enlarge)
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  • #117,685
  • Sep 6, 2012 8:42pm Sep 6, 2012 8:42pm
Quoting jarroo
Here's a strong Closer below on the Cad. Steve . .
Just saw this post.
Yeah, I think I got sidetracked by those two bar lows, on this one.
Actually, I was thinking that, if they broke, price would run with the ball.
Right now, it appears to by shying away from the 0.98000
Attached Image (click to enlarge)
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  • #117,686
  • Sep 6, 2012 8:47pm Sep 6, 2012 8:47pm
Quoting Pinbar
Just saw this post.
Yeah, I think I got sidetracked by those two bar lows, on this one.
Actually, I was thinking that, if they broke, price would run with the ball.
Right now, it appears to by shying away from the 0.98000
Those 3 bar lows are definitely an early entry short . .off those LCS levels.
Indicators show the past. Price Action "Indicates" the future.
  • #117,687
  • Sep 6, 2012 8:50pm Sep 6, 2012 8:50pm
A possible setup at NZDJPY.

Although, it's a little weak close but it has a confluence with EMA150,EMA365 and logically a fibs (not shown). A nice bearish PA bar in this area will be the best.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpyd.gif Size: 27 KB
  • #117,688
  • Sep 6, 2012 8:52pm Sep 6, 2012 8:52pm
Quoting gadogado
A possible setup at NZDJPY.

Although, it's a little weak close but it has a confluence with EMA150,EMA365 and logically a fibs (not shown). A nice bearish PA bar in this area will be the best.
Excellent gado ..thanks . .
Indicators show the past. Price Action "Indicates" the future.
  • #117,689
  • Sep 6, 2012 8:54pm Sep 6, 2012 8:54pm
Quoting jarroo
I'm sure Mike was smiling when he saw your chart, gado . .
Still learning to get good with sir Mike stuff and yours.
  • #117,690
  • Sep 6, 2012 9:33pm Sep 6, 2012 9:33pm
Quoting jarroo
Those 3 bar lows are definitely an early entry short . .off those LCS levels.
Yes, I was thinking the very same thing.
Let's see if it works out.


Thanks Jim
Attached Image (click to enlarge)
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  • #117,691
  • Sep 6, 2012 9:43pm Sep 6, 2012 9:43pm
Quoting Donkey
I personally prefer GBPJPY due to more space and the BRN. waiting for price to come back to he highs.

100 Pip Stop loss ????
Human
  • #117,692
  • Sep 6, 2012 9:44pm Sep 6, 2012 9:44pm
Quoting tinkerbelle
Hi all,
i would like to ask Mike what do you think about sap,dow any battle plan ?
Hey Tinker

We are up near some major resistance

The only thing I see is the weekly trying to form a coninuation BUOB . I would want to see it close strong above the last highs and then if that area can hold as support we could be moving higher. Tomorrow could change this with NFP


having trouble uploading charts right now not at home
Best
Mike
  • #117,693
  • Sep 6, 2012 9:44pm Sep 6, 2012 9:44pm
Quoting Magestic
Trying to cope with sideways market. Mike, please take a look on that one. Is it ok from your point of view? Thoughts on the chart.
Looks good Magestic. Tricky though cause of the box this thing could come back fast. That's the tricky part trading in a box. I think covering yourself is the right thing as well, don't want to get too fancy but depends on your conviction of your support area

Best
Mike
  • #117,694
  • Sep 6, 2012 9:46pm Sep 6, 2012 9:46pm
Quoting jarroo
Strong Bullish Mike Bar DBLHC/BUOB . .at a Swing Low .. .looks good for more up movement . .for sure.

I could see a James16 chart on this one . .
We gotta watch that gap area just above us though. I am cautious on that

Sorry can't post charts guys!

Mike
  • #117,695
  • Sep 6, 2012 9:47pm Sep 6, 2012 9:47pm
Quoting jarroo
I'm sure Mike was smiling when he saw your chart, gado . .
I sure did , classic j16 right there


Mike
  • #117,696
  • Sep 6, 2012 9:56pm Sep 6, 2012 9:56pm
jarroo i want to ask what do you think about my point of view on a AUDCAD chart. We had PBT&CB but not confirmation, and next we have a PBT&CA and...

chart:
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.gif Size: 25 KB
  • #117,697
  • Sep 6, 2012 9:57pm Sep 6, 2012 9:57pm
Quoting Chanya
100 Pip Stop loss ????
Sure, why not? Seems like a logical placement to me. It's the below the PBT&CA bar, which is normal for me. Sometimes I actually place below the lowest of the previous 2 bars. On this pair it happens to be 100 pips, on others it's usually between 60-85 pips.

For me my initial stop placement is more about having places to reduce my risk. I don't go BE as quickly as many or take partial profits so I like to give a little room for trade to play out. This one gives me 2 spots to reduce risk without going BE. I check charts usually 2 times a day (maybe 3 if lucky) and usually wait until daily close to manage trades.

What can I say, it works for me.
  • #117,698
  • Sep 6, 2012 9:57pm Sep 6, 2012 9:57pm
hey Mike,
how do you like this H1 setup?
Big BEOB, trendline and BRN break with nice divergence.....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.gif Size: 14 KB
  • #117,699
  • Sep 6, 2012 9:59pm Sep 6, 2012 9:59pm
Quoting mbqb11
We gotta watch that gap area just above us though. I am cautious on that

Sorry can't post charts guys!

Mike
Can't post charts = checking in at the local watering via iphone? Standard Operating Procedure (for me at least).
  • #117,700
  • Sep 6, 2012 10:07pm Sep 6, 2012 10:07pm
Quoting Donkey
Can't post charts = checking in at the local watering via iphone? Standard Operating Procedure (for me at least).
lol nope I got it fixed. Off for the weekend for a wedding. NOT MINE

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