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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

  • #124,181
  • Mar 27, 2013 12:05pm Mar 27, 2013 12:05pm
Quoting mbqb11
we are due for some nice weather here! Beautiful here in NYC today
Yea i hear ya. All my family lives up there in coldspring and fish gail or gill don't know how its pronounced either way I'm jealous of the beatiful scenery and four seasons. Summertime year round down here with a few cold spurts lol.
  • #124,182
  • Mar 27, 2013 12:42pm Mar 27, 2013 12:42pm
couple charts I sent out a few days ago and today
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  • #124,183
  • Mar 27, 2013 12:44pm Mar 27, 2013 12:44pm
Mike,
I know we dont like to use indicators, i often see macd I believe soley used to spot divergence or loss of momentum. I see on the h4 nzd/chf it looks like the bars are smaller then some of the previous moves with indecision bars as we are getting closer to the brn would this be part of the story? Or considered loss of momentum ? The macd histo showing divergence at this area, trying to learn how to read my chart better and rid the macd from my chart. Sorry for all the annoying questions.
  • #124,184
  • Mar 27, 2013 12:47pm Mar 27, 2013 12:47pm
Sorry didn't see your charts posted. I think they explain my question
  • #124,185
  • Mar 27, 2013 1:49pm Mar 27, 2013 1:49pm
Quoting mbqb11
couple charts I sent out a few days ago and today
That AUD/CAD H1 chart is a work of art. It's insane how it went sideways, hit the trend line and created a BEOB....crazy.
  • #124,186
  • Mar 27, 2013 3:56pm Mar 27, 2013 3:56pm
Evening all,

Any thoughts on this for a short? The LCS looks ok on weekly as well, and there is some good price action off the upper trend line on the weekly.

Lots of space to the downside, any negatives?
Attached Image (click to enlarge)
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  • #124,187
  • Mar 27, 2013 4:00pm Mar 27, 2013 4:00pm
Quoting pip_la
Evening all,

Any thoughts on this for a short? The LCS looks ok on weekly as well, and there is some good price action off the upper trend line.

Lots of space to the downside, any negatives?
sinchronic thoughts pip_la if Daily will close below these levels I am short. Good place to go... i like that space and double daily weekly level break down.
Attached Image (click to enlarge)
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all is eternal - this is good news for people who loves bad news
  • #124,188
  • Mar 27, 2013 4:05pm Mar 27, 2013 4:05pm
Hello,
I took EURUSD trade based on Jarroo's method. I have difficulty with SL placement here and would appreciate your comments. I decided to hide it above 1.300 BRN. Would anyone consider to put SL above DCC bar istead? Or even higher above that BEOB that did the CB? Thank you very much.
Attached Image (click to enlarge)
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  • #124,189
  • Mar 27, 2013 4:08pm Mar 27, 2013 4:08pm
Quoting meshka
sinchronic thoughts pip_la if Daily will close below these levels I am short. Good place to go... i like that space and double daily weekly level break down.
Nice one Meshka, looks even better on your chart!

Great bearish bar on the monthly as well.
  • #124,190
  • Mar 27, 2013 4:17pm Mar 27, 2013 4:17pm
Quoting patapouer
Quick profit on Dax, second half at BE.

I've blown my January profit in February, at least March will be positive... 3 consecutive months in profit said Sir Jim... well, still need the next two ones
Great job P, and glad to see you sticking to post 1. It will serve you very well down the line


Best
Mike
  • #124,191
  • Mar 27, 2013 4:34pm Mar 27, 2013 4:34pm
some current charts I am watching
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3-27-2013 eurnzd 4hr.gif Size: 61 KB
Click to Enlarge Name: 3-27-2013 eurnzd 1hr.gif Size: 55 KB
  • #124,192
  • Mar 27, 2013 5:12pm Mar 27, 2013 5:12pm
Quoting mbqb11
Great job P, and glad to see you sticking to post 1. It will serve you very well down the line


Best
Mike
You bet I do! That stuff is pure gold, and the whole thread is on the same tone.
Why wouldn't I blindly follow such great advice given by great people.
training your skills with no loss, no harm, nothing... Only trading offers such possibilities - as far as I know...
why would I want to lose money during the training period ?

take care!
Slow & steady
  • #124,193
  • Mar 27, 2013 6:12pm Mar 27, 2013 6:12pm
Quoting fxkaka
Edit: I was able to exit at break-even on my short trade (as 1 hour candle) closes above the level.

Now I have buy limit order at 0.83517
First two taget hits, thrid one is closed at break even. As today's candle still closing above the level so I put limit buy order again.
One question as general, when you guys move your trade at break-even, do you subtract the spread?
  • #124,194
  • Mar 27, 2013 6:35pm Mar 27, 2013 6:35pm
Quoting meshka
sinchronic thoughts pip_la if Daily will close below these levels I am short. Good place to go... i like that space and double daily weekly level break down.
Very similar analysis for me....

Attached Image (click to enlarge)
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  • #124,195
  • Mar 27, 2013 6:40pm Mar 27, 2013 6:40pm
Mike & Jarroo

The university basic intro to PA went really well.
Those kids are smart and really had a lots of questions.
Showed them a couple of videos of J16 and your RN video.
Also I showed them extracts from Pring's book.
What fun it was.

They are now going to open a demo account and trade PA for the next month, before they submit their trades for presentation as homework and discussion. Both the winners and the losers.

Went down down really well and am looking forward to their homework presentations.
  • #124,196
  • Mar 27, 2013 6:52pm Mar 27, 2013 6:52pm
Quoting Pinbar
Mike & Jarroo

The university basic intro to PA went really well.
Those kids are smart and really had a lots of questions.
Showed them a couple of videos of J16 and your RN video.
Also I showed them extracts from Pring's book.
What fun it was.

They are now going to open a demo account and trade PA for the next month, before they submit their trades for presentation as homework and discussion. Both the winners and the losers.

Went down down really well and am looking forward to their homework presentations.
awesome stuff buddy! Amazes me the places we reach with this stuff. Never in my wildest dreams did I see this coming

Keep me posted!

Mike
  • #124,197
  • Mar 27, 2013 6:57pm Mar 27, 2013 6:57pm
GBPCHF is approaching 1.45 BRN zone. Interesting to watch what happens there.
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  • #124,198
  • Mar 27, 2013 7:01pm Mar 27, 2013 7:01pm
Quoting mbqb11
awesome stuff buddy! Amazes me the places we reach with this stuff. Never in my wildest dreams did I see this coming

Keep me posted!

Mike

Yeah, they were in awe at how simple J16 makes it look.
It can't be that easy, they said.
Well, we all know it is and it isn't but, there was not enough time to go into MM and psychology.

Here is the place you guys reached.
This is just part of the campus.
Attached Image
  • #124,199
  • Mar 27, 2013 7:06pm Mar 27, 2013 7:06pm
Quoting obmepa
GBPCHF is approaching 1.45 BRN zone. Interesting to watch what happens there.
good stuff ob!
  • #124,200
  • Mar 27, 2013 7:06pm Mar 27, 2013 7:06pm
Quoting Pinbar
Yeah, they were in awe at how simple J16 makes it look.
It can't be that easy, they said.
Well, we all know it is and it isn't but, there was not enough time to go into MM and psychology.

Here is the place you guys reached.
This is just part of the campus.
awesome looking building wow!
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