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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

  • #119,841
  • Oct 19, 2012 10:55am Oct 19, 2012 10:55am
I can tell you thats not bearish (chart inverse)


Quoting Bones
lfx jpy is a JPY index ,down is stronger JPY
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #119,842
  • Oct 19, 2012 10:57am Oct 19, 2012 10:57am
I would consider the angle of that MA to see if its support


Quoting cupoftea2222
Hi all,

first post...yeah I took that pinbar break on GBPJPY too...
looks like there could be the 365ema in the way around 126 area...not sure whether to take partial or full profit around there if price gets down that far?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #119,843
  • Oct 19, 2012 12:18pm Oct 19, 2012 12:18pm
Quoting bullzeye
well this one engaged me just a lil bit, but i choose another beauty

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Ghost Rider - WWTBMD?
  • #119,844
  • Oct 19, 2012 1:23pm Oct 19, 2012 1:23pm
AUD/USD

i go rarely under the daily tf, but this BEOB was formed in a good area. SL already to BE

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  • #119,845
  • Oct 19, 2012 1:27pm Oct 19, 2012 1:27pm
Quoting albchr
thanks Chris! really appreciate it
  • #119,846
  • Oct 19, 2012 1:34pm Oct 19, 2012 1:34pm
Quoting Rust
I see you have some space there, which is good. But i don't trade pure PA bars with no other confluence (at least i don't see many). But that's just me. And i am picky maybe above normal

btw i don't want to intermeddle to your analysis, but i think your target is far too optimistic. If you make me take this trade i'll be very worried when this space start to run out.
just my 2c

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no confluence? common bro strong weekly TL , BRN and the clouds darkened the sun before i pull the trigger
  • #119,847
  • Oct 19, 2012 1:56pm Oct 19, 2012 1:56pm
Quoting bullzeye
EUR/TRY

i have never traded this pair before, so first just demo...

nice double top, a BEOB is forming...

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EUR/TRY

closed a few on FTA and moved my SL to BE

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  • #119,848
  • Oct 19, 2012 2:03pm Oct 19, 2012 2:03pm
AUD/JPY

nice pin on H4, strong TL and divergence (just for Rust )

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  • #119,849
  • Oct 19, 2012 3:22pm Oct 19, 2012 3:22pm
gbp jpy update as mike might say
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #119,850
  • Oct 19, 2012 3:33pm Oct 19, 2012 3:33pm
Quoting adriaticFX
Hello Bones,

yes, I agree weekly renge, but on 4h chart is just forming pinbar and the only thing I want to say is careful!
thanks for your reply. Here are some words of a wise man occurred to me:

"...With price action you can do this by STICKING TO YOUR TIMEFRAME. If you took a pin on the daily, do not get shaken out by a pin in the opposite direction on the hourly."

You know the wise man?
  • #119,851
  • Edited 10:39am Oct 20, 2012 10:14am | Edited 10:39am
Quoting bullzeye
AUD/USD

i go rarely under the daily tf, but this BEOB was formed in a good area. SL already to BE

Attachment
Yup. It was such a good area that you took a 99% drawdown after it breached the low. It's the second time I see you do this.
I don't need easy. I just need possible.
  • #119,852
  • Oct 20, 2012 10:50am Oct 20, 2012 10:50am
some setups for the next week:
weekly charts from gbf and dpw (germany).
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meine augen sind die sterne
  • #119,853
  • Edited 11:10am Oct 20, 2012 10:50am | Edited 11:10am
Still learning from the vast repository of knowledge here. Thanks to all who put their time and effort into it. Wonder if this would be a good candidate for BEOB on the weekly?

But on the Daily chart I am seeing the BUOB with the 34EMA resistance? Am I right in leaning toward the weekly as a signal than the daily?

thx/Farshad
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  • #119,854
  • Oct 20, 2012 10:57am Oct 20, 2012 10:57am
Quoting DaGrizlyBull
Yup. It was such a good area that you took a 99% drawdown after it breached the low. It's the second time I see you do this.
Hi DGB,
Can you explain the chart? where is the 99% DD.

Thx/Farshad
  • #119,855
  • Oct 20, 2012 1:14pm Oct 20, 2012 1:14pm
Quoting farbeh
Hi DGB,
Can you explain the chart? where is the 99% DD.

Thx/Farshad
Hi Farb,
I think Griz is talking about a 99% pull back to where the Stop Loss would be on that entry. If the entry was at the break of that 4hr BEOB at around 1.03550, there was a pullback to 1.04000+ before the trade went into profit.

The logical place for a SL on that trade would have been around 1.04200, so there was around a 99% pullback to where the stop was placed.
  • #119,856
  • Oct 20, 2012 1:44pm Oct 20, 2012 1:44pm
Quoting DaGrizlyBull
Yup. It was such a good area that you took a 99% drawdown after it breached the low. It's the second time I see you do this.
i notice a slight note of sarcasm in your post, are you jealous?
  • #119,857
  • Oct 20, 2012 2:18pm Oct 20, 2012 2:18pm
Quoting bullzeye
i notice a slight note of sarcasm in your post, are you jealous?
no need for sarcasm in posts guys. We are all here to share and help. Before this possibly escalates lets remember to communicate like adults and share in the same manner

Trading is not cut and dry so we will all do things differntly

Thanks
Mike
  • #119,858
  • Oct 20, 2012 2:57pm Oct 20, 2012 2:57pm
mirage
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all is eternal - this is good news for people who loves bad news
  • #119,859
  • Oct 20, 2012 3:10pm Oct 20, 2012 3:10pm
Quoting meshka
mirage
off topic and not related in any way to the "james16-method of trading":

this is what i posted on a different thread about a month ago:

"something which worries me about the movement of gold:
in the last weeks more and more people are asking me about an investment in gold. these people never did investments in stocks, commodities etc and have absolutely no clue about any investments at all. it reminds me of the year 2000 when every housewife was buying stocks. for me it is the same situation. when everybody is holding / buying gold, how can it move higher?
this is just my personal view. but i am really awaiting a huge drop in gold... the bubble will burst very soon.
aserbfx 27.09.12"
meine augen sind die sterne
  • #119,860
  • Edited Oct 21, 2012 2:50am Oct 20, 2012 4:16pm | Edited Oct 21, 2012 2:50am
  •  sg_1988
  • | Joined Dec 2011 | Status: Cause I'm P*ssed Off For Greatness | 70 Posts
Quoting DaGrizlyBull
Yup. It was such a good area that you took a 99% drawdown after it breached the low. It's the second time I see you do this.
We are all here to help each other, although words typed over a computer may be hard to construe.

Bullzeye does always say there is no 'hoping' in trading, but with that kind of drawdown surely he must have been hoping for a reversal? I would like to know his thought process behind taking such a drawdown in this case? (just so i can learn if there are certain cases where you would be willing to take full bar losses, as i try to cut my losses short asap unless there is a greater overall story, i accept there is no one same trader )

Also correct me if I am wrong (no sarcasm involved here, purely for my education! lol) isn't a brn 130.00, 125.00, 120.00 etc..and 127.00, 128.00 etc just RN's?

Kind Regards
Sanil
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