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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

  • #124,061
  • Mar 24, 2013 12:09pm Mar 24, 2013 12:09pm
Quoting aserbfx
yes, nice.
i hope to see more setups.
ebay looks great, btw. strong uptrend.
Thanks aserbfx for the correct setting, I'll be watching this one too.
  • #124,062
  • Mar 24, 2013 1:03pm Mar 24, 2013 1:03pm
Quoting Microtrader_
Hello Meshka,

Can I ask what was the base of your selection?
I tried to look in similar way I am trading fx... looking for PA setups at nice locations. I will post charts with comments... maybe it will be useful for someone. If it will look spamish moderate me Mike with no sentiments pls
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all is eternal - this is good news for people who loves bad news
  • #124,063
  • Mar 24, 2013 1:06pm Mar 24, 2013 1:06pm
another bunch
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all is eternal - this is good news for people who loves bad news
  • #124,064
  • Mar 24, 2013 1:33pm Mar 24, 2013 1:33pm
Quoting fortunateson
Hi, any help would be appreciated. Would this count as a PBT&CB?

If so, I’m guessing that it will be tricky because of the weekend “Damn Gap” potential on Sunday.

Entry: I would look for bearish signatures on the 1 hour chart with the close below the

PBT&CB line of 94.53.

Thanks, Joe
Attachment
...
there my view
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all is eternal - this is good news for people who loves bad news
  • #124,065
  • Mar 24, 2013 1:52pm Mar 24, 2013 1:52pm
Quoting meshka
another bunch


uh ah uh, i didn't expected that...

thank you!
meine augen sind die sterne
  • #124,066
  • Mar 24, 2013 2:08pm Mar 24, 2013 2:08pm
Quoting aserbfx


uh ah uh, i didn't expected that...

thank you!
You are welcome one question: should I pay some extra attention to volumes besides PA ?
all is eternal - this is good news for people who loves bad news
  • #124,067
  • Mar 24, 2013 2:19pm Mar 24, 2013 2:19pm
Many Thanks Mike


Quoting mbqb11
Hey Micro

Technically not a pin because of the gap, but I would say if anything the only thing going for it is that the "pin" type bar would look to close the gap.

So if there was no gap this is a very easy pass in my book because of no space. So ultimately I think the judgment call has to be will this bar close the gap. Is that bar enough? I think a lot of the gaps are going to finish closing I am watching some others myself I'll post some charts


Best
Mike
  • #124,068
  • Mar 24, 2013 2:24pm Mar 24, 2013 2:24pm
Meshka you are amazing. Something interesting on FX? Your setups are really good.
  • #124,069
  • Mar 24, 2013 2:29pm Mar 24, 2013 2:29pm
Quoting meshka
I tried to look in similar way I am trading fx... looking for PA setups at nice locations. I will post charts with comments... maybe it will be useful for someone. If it will look spamish moderate me Mike with no sentiments pls
Thank you Meshka,

You trade only weekly charts. Is this because of the GAP RISK of daily charts only or are there other problems?
  • #124,070
  • Mar 24, 2013 2:33pm Mar 24, 2013 2:33pm
Quoting long2339
Meshka you are amazing. Something interesting on FX? Your setups are really good.
no trades with FX waiting game. Lets wait what will bring this Tuesday with all this Cyprus thing...
all is eternal - this is good news for people who loves bad news
  • #124,071
  • Mar 24, 2013 2:36pm Mar 24, 2013 2:36pm
Quoting Microtrader_
Thank you Meshka,

You trade only weekly charts. Is this because of the GAP RISK of daily charts only or are there other problems?
I follow Mike and aserbfx in this case.... weekly looks really smoother and more tradable. more similar to charts i am used in fx.
all is eternal - this is good news for people who loves bad news
  • #124,072
  • Mar 24, 2013 3:18pm Mar 24, 2013 3:18pm
Quoting meshka
I follow Mike and aserbfx in this case.... weekly looks really smoother and more tradable. more similar to charts i am used in fx.
Thanks I see that.
  • #124,073
  • Mar 24, 2013 3:34pm Mar 24, 2013 3:34pm
this was a beauty I missed meshka

Just class J16 on this one

Huge beob off the top channel , 50% retracement of that beob is dead on with the previous highs
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  • #124,074
  • Mar 24, 2013 3:43pm Mar 24, 2013 3:43pm
Quoting mbqb11
this was a beauty I missed meshka

Just class J16 on this one

Huge beob off the top channel , 50% retracement of that beob is dead on with the previous highs
thanks Mike Do you pay some attention to volume? what things are distinct from fx should i know in stocks?
all is eternal - this is good news for people who loves bad news
  • #124,075
  • Mar 24, 2013 4:22pm Mar 24, 2013 4:22pm
Quoting meshka
another bunch

Quoting aserbfx


uh ah uh, i didn't expected that...

thank you!







Jim
Indicators show the past. Price Action "Indicates" the future.
  • #124,076
  • Mar 24, 2013 4:54pm Mar 24, 2013 4:54pm
Quoting meshka
thanks Mike Do you pay some attention to volume? what things are distinct from fx should i know in stocks?
Honestly i really don't. A few interesting things with volume but 95% of the time I don't. Just trade it like FX

Things to know if you outright trade the stock on a sell you must pay out any dividends if they are granted during the time you sell. Most things are not that much different. Leverage is really low compared to FX.

Also little things I do watch that are different. A big bar in stocks doesn't necessarily mean a big move. It's different since less money moves these equities and the markets don't always "swing" like FX does for so many larger reasons.


Overall if your story is good, trade it as you see it. Simplicity rules in trading. Period.

Best
Mike
  • #124,077
  • Mar 24, 2013 5:06pm Mar 24, 2013 5:06pm
Thanks guys will try to make some profit... new toy for meshka lol
all is eternal - this is good news for people who loves bad news
  • #124,078
  • Mar 24, 2013 5:25pm Mar 24, 2013 5:25pm
Quoting meshka
there my view

Thanks for the chart, time and explanation....it does help…hopefully some of it will sink in.

Joe
  • #124,079
  • Mar 24, 2013 5:29pm Mar 24, 2013 5:29pm
Quoting fxkaka
Dear Jim,

Is it a valid level? I place buy but when 1 hour close against me I closed it at very little loss as I was in front of my computer. But when it gave second chance I was not able to trade and also next un-decided bar confused me that should I enter on trade or not?
Please review if it is correct level.

Regards,
KayKay
Yes , those are valid HCR levels but you missed that minor HCR level at the 1.9190-1.9188 (in blue). .it was in play once PBT&CA . .made a couple Lows of the Day . .

Jim
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Indicators show the past. Price Action "Indicates" the future.
  • #124,080
  • Mar 24, 2013 5:37pm Mar 24, 2013 5:37pm
Quoting fortunateson

Thanks for the chart, time and explanation....it does help…hopefully some of it will sink in.

Joe
Here's my chart UsdJpy. .the same as Meshka's (Thanks Meshka)

That gapped HCR level is "so-so", but I've seen them work just fine . . Damn you gaps!! lol



Jim
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Indicators show the past. Price Action "Indicates" the future.
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