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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

  • #121,981
  • Dec 29, 2012 1:28am Dec 29, 2012 1:28am
Quoting swissforex
I'm with Mike about no trading Period
but in my experience,GAP has to be filled
it could work
"GAP has to be filled" is like tradeing without SL... 99 win then 1 BIG loss crash you to ground zero.
  • #121,982
  • Dec 29, 2012 2:39am Dec 29, 2012 2:39am
two picture are one kind of stock.
1. in the second picture, is pattern or indicator ?????????????????.
2. is it CNX's PrCycles Patterns ?????????
3. i want to use it but i don't have about it and link download ??? can you share me about the link and use docoment ????
Thanks you so much
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  • #121,983
  • Dec 29, 2012 3:25am Dec 29, 2012 3:25am
Quoting chuongio
two picture are one kind of stock.
1. in the second picture, is pattern or indicator ?????????????????.
2. is it CNX's PrCycles Patterns ?????????
3. i want to use it but i don't have about it and link download ??? can you share me about the link and use docoment ????
Thanks you so much

Yeah, I think you are in the wrong thread.
Did you see anyone using that indicator in this thread?
This thread is about Price Action, not indicators.
  • #121,984
  • Dec 29, 2012 4:19am Dec 29, 2012 4:19am
Quoting Pinbar
Yeah, I think you are in the wrong thread.
Did you see anyone using that indicator in this thread?
This thread is about Price Action, not indicators.
actually, it brings memories back ...
before getting out of the dark to the truth of love and into the light (price action) ...
meine augen sind die sterne
  • #121,985
  • Dec 29, 2012 3:36pm Dec 29, 2012 3:36pm
Quoting aserbfx
actually, it brings memories back ...
before getting out of the dark to the truth of love and into the light (price action) ...
Yeah, Indicator Hell, been there done that, like we probably all have.
  • #121,986
  • Dec 29, 2012 5:00pm Dec 29, 2012 5:00pm
Hi!
My english is not too good. I use google translator.
What do you thing about this ?
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  • #121,987
  • Dec 29, 2012 6:31pm Dec 29, 2012 6:31pm
Does it repaint???

ahahahahahahahahahahahahahaha

howcome i've lost so much time there?...
  • #121,988
  • Dec 29, 2012 8:01pm Dec 29, 2012 8:01pm
Quoting Jomi
Does it repaint???

ahahahahahahahahahahahahahaha

howcome i've lost so much time there?...
Because initially, we all believe there is a Magic indicator that will allow us to make money.

Actually, indicators are a good thing because, they lag and create an imbalance in winners and losers.
  • #121,989
  • Dec 30, 2012 2:07am Dec 30, 2012 2:07am
Happy new year to everybody!
  • #121,990
  • Dec 30, 2012 2:19am Dec 30, 2012 2:19am
hi everybody I'm a total newbie & this's my 1st post in FF, but I have been reading the James16 chart thread for weeks... (this thread IS the reason I signed up for a FF account)

Just want to post a question here, GBP/USD daily chart... (in the attachment)

the charts shows a BUOVB at a PPZ (confluence of 2 fibo levels), but the bullish candle went up a little too much to give a good Reward/Risk ratio, if I decide to enter above the break of the candle (the blue line).

So, I am wandering whether it's wise to place a limit order around 30% of the high of the bull candle (the red line)? (Trying to catch a better price & lower risk)

Pls share your thoughts thanks in advance
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  • #121,991
  • Dec 30, 2012 6:53am Dec 30, 2012 6:53am
Quoting michosz
Hi!
My english is not too good. I use google translator.
What do you thing about this ?
hi michosz, the last bar's a bullish outside vertical bar (BUOVB). I actually posted a question about the GBP/USD daily chart earlier also, but my post was somehow deleted

Anyway, I think that going by the entry rules of entering above the bull candle, the risk/reward ratio is not very attractive (around 1:1).

What do you think?

- Andy
  • #121,992
  • Dec 30, 2012 7:24am Dec 30, 2012 7:24am
@andyooi

That bar it isn't BUOVB. First of all you must learn correct the bar patterns form!
  • #121,993
  • Dec 30, 2012 7:24am Dec 30, 2012 7:24am
Quoting andyooi
hi everybody I'm a total newbie & this's my 1st post in FF, but I have been reading the James16 chart thread for weeks... (this thread IS the reason I signed up for a FF account)
....
what i see is a bullish bar in a consolidation-zone. thatīs all...
meine augen sind die sterne
  • #121,994
  • Dec 30, 2012 7:39am Dec 30, 2012 7:39am
Quoting andyooi

Just want to post a question here, GBP/USD daily chart... (in the attachment)
BUOB ? I see inside bar.
  • #121,995
  • Dec 30, 2012 8:03am Dec 30, 2012 8:03am
gmcr on weekly. i will look for bearish price action here at around 40 - 42 usd.
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meine augen sind die sterne
  • #121,996
  • Dec 30, 2012 9:16am Dec 30, 2012 9:16am
hello guys, does this one look tradeable?

(im a beginner lol)
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my name is tom and i like crayons
  • #121,997
  • Dec 30, 2012 12:34pm Dec 30, 2012 12:34pm
Quoting tinkerbelle
"GAP has to be filled" is like tradeing without SL... 99 win then 1 BIG loss crash you to ground zero.
yep gotta be careful. I play gap plays (as I posted a few recently I played). But I prefer them most for directional bias, or taking them when price gaps into a very strong s/r area. The recent eur/jpy for me was money in the bank in my opinion

Best
mike
  • #121,998
  • Dec 30, 2012 2:06pm Dec 30, 2012 2:06pm
I am in on this one.
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"Fail to prepare, prepare to fail."
  • #121,999
  • Dec 30, 2012 2:16pm Dec 30, 2012 2:16pm
Quoting packhorse
I am in on this one.
I've put a sell order at 85.9ish. Hoping this latest gap will fill and then make a b-line south.
  • #122,000
  • Dec 30, 2012 2:55pm Dec 30, 2012 2:55pm
Quoting oltciter
Happy new year to everybody!
Happy new year to everyone as well!
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