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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

  • #119,961
  • Oct 23, 2012 8:46am Oct 23, 2012 8:46am
How do I join the PF?
  • #119,962
  • Oct 23, 2012 8:47am Oct 23, 2012 8:47am
Quoting don perry
How do I join the PF?
www.james16group.us
  • #119,963
  • Oct 23, 2012 8:47am Oct 23, 2012 8:47am
Quoting don perry
How do I join the PF?
Here is website

http://www.james16group.us/

edit: Winston was faster
  • #119,964
  • Oct 23, 2012 8:47am Oct 23, 2012 8:47am
thnx
  • #119,965
  • Oct 23, 2012 11:40am Oct 23, 2012 11:40am
Hola!

Maybe something to watch? I will not take it because I don't have PA confirmation but that would be an area I'm looking for trades. Also the PPZ is not as clear as I would like it. What do you think?

Reasons:

1) Confluence at BRN
2) Not too much trouble down

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 115 KB


Thanks everyone!
  • #119,966
  • Oct 23, 2012 12:22pm Oct 23, 2012 12:22pm
Quoting bullzeye
well done guys! It seems the whole james16-thread is in this one

Attachment
yep i took this one too, great profit off it as well happy days!
Thank you J16 & Trader Dante
  • #119,967
  • Oct 23, 2012 12:56pm Oct 23, 2012 12:56pm
EUR/NZD

leaves the consolidation area behind...

Attached Image (click to enlarge)
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  • #119,968
  • Oct 23, 2012 12:59pm Oct 23, 2012 12:59pm
btw 8000 pages of great stuff !! and so many great traders around, i am happy to be here
  • #119,969
  • Oct 23, 2012 1:33pm Oct 23, 2012 1:33pm
Quoting bullzeye
EUR/NZD

leaves the consolidation area behind...

Attachment
hey mate
are you performing a touch trade off the trend line as your entry?
Thank you J16 & Trader Dante
  • #119,970
  • Oct 23, 2012 1:39pm Oct 23, 2012 1:39pm
Quoting chartergas
hey mate
are you performing a touch trade off the trend line as your entry?
hey Hilton,

add the TL just as confluence. I played the simple S/R flipp: resistance turns into support (see the areas i have marked in my chart)
  • #119,971
  • Oct 23, 2012 1:43pm Oct 23, 2012 1:43pm
Quoting bullzeye
hey Hilton,

add the TL just as confluence. I played the simple S/R flipp: resistance turns into support (see the areas i have marked in my chart)
Nice and simple! i look forward to seeing this play out.

good luck mate!
Thank you J16 & Trader Dante
  • #119,972
  • Oct 23, 2012 2:02pm Oct 23, 2012 2:02pm
Are all brokers have right to widen their spreads before major news events? And why do they have this right? What is the sence of it?See the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 21.jpg Size: 196 KB
If not up, then down, otherwise sideways :-)
  • #119,973
  • Oct 23, 2012 2:07pm Oct 23, 2012 2:07pm
Quoting Magestic
Are all brokers have right to widen their spreads before major news events? And why do they have this right? What is the sence of it?See the chart.
Hey M

Yes brokers have the right to do whatever they want to a degree in these regards. There are many reasons for this and and its most basic it is too protect the pocket of the broker. During news times , liquidity decreases and moves are more volatile. By widening their spreads the brokers are making those wanting to take on that time Pay to play and protect themselves from exposure during more illiquid times

So just be careful with your orders during these times, especially marketable orders

Best
Mike
  • #119,974
  • Oct 23, 2012 2:14pm Oct 23, 2012 2:14pm
Hello
p 8000-my first post on this thread

please could you share your thoughts about this chart?

is something cookin' on CHFJPY Weekly chart attached below?

and more...I can see a pin bar forming on USDCAD Daily(not posted here)

THX

http://imageshack.us/a/img337/1124/cjw.gif
Account deleted
  • #119,975
  • Oct 23, 2012 2:33pm Oct 23, 2012 2:33pm
Quoting swissforex
Hello
p 8000-my first post on this thread

please could you share your thoughts about this chart?

is something cookin' on CHFJPY Weekly chart attached below?

and more...I can see a pin bar forming on USDCAD Daily(not posted here)

THX

http://imageshack.us/a/img337/1124/cjw.gif


Hey SF

Welcome to the thread! Dang 8000!

I don't see a whole lot on weekly right now to be honest. I like the support area on this chart when we get back down there. Or even better if we break that support. That's what I love


Again welcome to the thread

Mike
Attached Image (click to enlarge)
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  • #119,976
  • Oct 23, 2012 2:42pm Oct 23, 2012 2:42pm
Quoting meshka
yes I went into it also. good for 100 pips @ least.
I closed it out at the FTA.

As this was the LCS, I think we will have another chance to short it when it comes back to it.
Attached Image (click to enlarge)
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  • #119,977
  • Oct 23, 2012 3:25pm Oct 23, 2012 3:25pm
Here is another one that will the 365 as a possible SL area, if it breaks.
Hmm, the daily black charts seem easier to spot areas on.
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  • #119,978
  • Oct 23, 2012 3:30pm Oct 23, 2012 3:30pm
Hi guys,
I took this BUOB on EURJPY as continuation bar but it ended as full bar loss. I saw pullback to 103 (first red line) and then we got this buob, I saw space all around and first FTA was 105.5. Also we were in uptrend for some time. Any comments what I did wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 100 KB
  • #119,979
  • Oct 23, 2012 5:02pm Oct 23, 2012 5:02pm
Quoting Mav13
Hi guys,
I took this BUOB on EURJPY as continuation bar but it ended as full bar loss. I saw pullback to 103 (first red line) and then we got this buob, I saw space all around and first FTA was 105.5. Also we were in uptrend for some time. Any comments what I did wrong?
hey Mav

We have to be careful with continuation bars. i really get nervous seeing people play these at swing high points. I generally am a big believer in learning them only at the swing points James teaches till you get proficient at that. For me this is something that a few people asked me about yesterday and my responses were that I simply don't see enough confluence to be buying at these points. One comment I made today in my webinar is don't let being in a trend persuade you to take any continuation bar. I know this first hand and think this is one of the pitfalls that trap people on continuation bars. generally if you look for them with solid patterns you will do much better

Best
Mike
  • #119,980
  • Oct 23, 2012 11:30pm Oct 23, 2012 11:30pm
Hmm, few days of consolidation of NzdChf on an interesting level...
Maybe this breaks to the upside with room to develop? What do you think?

Attached Image (click to enlarge)
Click to Enlarge Name: nzdchf.jpg Size: 105 KB


As always just a thought, take care
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