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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

  • #118,201
  • Sep 11, 2012 11:26pm Sep 11, 2012 11:26pm
Quoting jarroo
There would be no "jarrooers" without being a Miker first .
here

And we still are "jamessixteeners"
  • #118,202
  • Sep 11, 2012 11:26pm Sep 11, 2012 11:26pm
Quoting Magestic
Still valid pattern and acumulating its power?
I like it . .Magestic . .
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Indicators show the past. Price Action "Indicates" the future.
  • #118,203
  • Sep 11, 2012 11:27pm Sep 11, 2012 11:27pm
Quoting rafstraszek
here

And we still are "jamessixteeners"

there you go . .
Indicators show the past. Price Action "Indicates" the future.
  • #118,204
  • Sep 11, 2012 11:33pm Sep 11, 2012 11:33pm
Hello,

I take long after h1 pins and engulf over the lcs level, nice SL (over pins), best, Rosa.

Quoting jarroo
Cool, Dan . .let's follow this one on the EurAud . .as an example.

We have a bit of a consolidation . .a LCS and a HCR level of this consolidation . . . I like that confluence with 150 ema on the HCR level.

We will follow the Daily Close of Price.

Jim
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  • #118,205
  • Sep 11, 2012 11:37pm Sep 11, 2012 11:37pm
Quoting LamerTrader
In that post you had 2 charts. On the first you drew 2 HCR lines. Then the price stucked between them for a few day, but then successfully broke through it. Now my question is why didnt you guys short at this moment?
Im asking this cause after a few days the price turned - so our trade wouldnt have been profitable. (that much).

Thanks.
???.it helps if you post a chart of your own
Indicators show the past. Price Action "Indicates" the future.
  • #118,206
  • Sep 11, 2012 11:41pm Sep 11, 2012 11:41pm
Quoting Rosa
Hello,

I take long after h1 pins and engulf over the lcs level, nice SL (over pins), best, Rosa.
I would have like to see Price at least touch that LCS level to confirm it as still Support.
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Indicators show the past. Price Action "Indicates" the future.
  • #118,207
  • Sep 11, 2012 11:45pm Sep 11, 2012 11:45pm
got to go for now

Later,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #118,208
  • Sep 11, 2012 11:52pm Sep 11, 2012 11:52pm
Quoting jarroo
No, that past HCR level has been tested already and Price "should" be reactive to the most current levels.
Am I understanding it correct?
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Fall seven times, stand up Eight! #GGMU
  • #118,209
  • Sep 11, 2012 11:54pm Sep 11, 2012 11:54pm
Quoting vickym
Am I understanding it correct?
Yes . .

Now I gotta go . .
Indicators show the past. Price Action "Indicates" the future.
  • #118,210
  • Sep 12, 2012 12:25am Sep 12, 2012 12:25am
I have to admit, that I was never "internet social" kind of guy...I hate facebook, at twitter I look only if some development progress is posted (software kind of thing) ...but here I spend a lot ;D This thread is better than facebook...

And gbpusd has no desire to turn back to previous hcr (so eurusd)...but whatever - still works for me - more than 110 pips for now...It already covered all my little loses from beginning of the month...
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  • #118,211
  • Sep 12, 2012 12:47am Sep 12, 2012 12:47am
Quoting jarroo
Yes . .

Now I gotta go . .
Cool, talk to u later
Fall seven times, stand up Eight! #GGMU
  • #118,212
  • Sep 12, 2012 1:18am Sep 12, 2012 1:18am
Quoting mbqb11
Yes...well everything is supply and demand. But you have so many traders doing different things. If price breaks out often price wants to come back to retest that breakout point. People take profit and sell back into that breakout point where supply/demand will be heavily located again since this was the last major point of buying/selling.

This is often why if you buy a break of a buob/pin/price pattern/etc and get your stop to breakeven you get stopped out before the LARGER move. price hits a trouble area, gets some weak selling price bounces...
This is a BIG post. I know most people want to read about good setups and miss this stuff. I did it for years
That's why i suggest everyone to emphasize on these words of wisdom !
  • #118,213
  • Sep 12, 2012 1:29am Sep 12, 2012 1:29am
hi all,
did some fun yeasterday and wanna share results... first is august how i end, on second i marked trades which are out of plan, moved sl, moved tp, took tip, or something like it... and third is how it could and should look like... so i think need do some work on myself
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  • #118,214
  • Sep 12, 2012 2:28am Sep 12, 2012 2:28am
EUR/USD got activated. Stop moved to BE already
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Fall seven times, stand up Eight! #GGMU
  • #118,215
  • Sep 12, 2012 2:42am Sep 12, 2012 2:42am
Quoting vickym
EUR/USD got activated. Stop moved to BE already
i don't freakin' believe it...missed by 0.3 pip...bye - i'm gonna shoot myself now...
  • #118,216
  • Sep 12, 2012 2:55am Sep 12, 2012 2:55am
Quoting rafstraszek
i don't freakin' believe it...missed by 0.3 pip...bye - i'm gonna shoot myself now...
Wow I woke up and saw that just now. I didn't set a pending order on the HCR but had the level marked off last night. Great level. Nice confluence of daily pivot and supply turned demand flip as well!
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  • #118,217
  • Sep 12, 2012 2:58am Sep 12, 2012 2:58am
Quoting C-12
Wow I woke up ans saw that just now. I didn't set a pending order on the HCR but had the level marked off last night. Great level. Nice confluence of daily pivot and demand as well!
Yes, I liked it very much...

I change my mind - I'm not gonna shoot myself - I'd probably missed any way (by 0.3 centimeter), so...

From now on - buffer, not much - maybe 2 pips, because I missed many trades because of this small amount...
  • #118,218
  • Sep 12, 2012 3:10am Sep 12, 2012 3:10am
ЕUR/CAD......
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  • #118,219
  • Sep 12, 2012 3:11am Sep 12, 2012 3:11am
yes rust it is a realy a big post, thats why by following james charts he can know where and when price will reverse and he emphasise a lot that his disciples knows also where and when, thats why always i am laying in ambush waiting for mike posts..
  • #118,220
  • Sep 12, 2012 3:13am Sep 12, 2012 3:13am
Two of my trades for today. EURJPY & GBPCHF also look good

Regards,
Peter

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