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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

  • #126,681
  • Jul 7, 2013 11:51am Jul 7, 2013 11:51am
Quoting turnip15
{quote} I've been back to post 58 but it is BLANK. What happend to that post ?
Hi turnip, yeah it seems that some of James16 charts are now not available. Maybe it has something to do with downtime here on FF? I donīt know, but Arizhamad made compilation of James16 charts, hereīs link:

http://www.forexfactory.com/showthre...01#post6471801

By the way congratulations to all members from UK, Andy Murray won Wimbledon, 77 years of waiting is now over.
  • #126,682
  • Jul 7, 2013 12:38pm Jul 7, 2013 12:38pm
Quoting str8
There's a pin on GBP AUD daily rejecting that strong trend line but it's an ugly one. Very small, didn't close above BRN, and formed on Friday. {image}
Hey Str8

It's no surprise to see price bounce off that TL, I had that one marked for awhile too

But for me to use that bar to continue is very tricky. Technically it closed under the previous low so not a pinbar if we are being very technical. What this tells me is just the strength of the bar is not great along with the size and the previous huge bearish bar. if we look price is really in a tight consolidation. My prefrence is to watch price get under this box and the TL or a possible down move

Until that TL is broken though price could hold up but very tricky to trade back into such a tight area


Best
Mike
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  • #126,683
  • Jul 7, 2013 12:46pm Jul 7, 2013 12:46pm
Quoting Mav13
{quote} Hi turnip, yeah it seems that some of James16 charts are now not available. Maybe it has something to do with downtime here on FF? I donīt know, but Arizhamad made compilation of James16 charts, hereīs link: http://www.forexfactory.com/showthre...01#post6471801 By the way congratulations to all members from UK, Andy Murray won Wimbledon, 77 years of waiting is now over.
Congrats to Andy Murray

Yep - maybe these removed charts are in the Private Forum -oh well.

Many thanksfor the link Mav
every Saint has a past. Every Sinner has a Future
  • #126,684
  • Jul 7, 2013 4:31pm Jul 7, 2013 4:31pm
Quoting mbqb11
{quote} welcome back Steve
thanks mike.
Learning for Earning and Trading for Freedom
  • #126,685
  • Jul 7, 2013 8:13pm Jul 7, 2013 8:13pm
hi guys

anyone else imagining a head and shoulders formation on the euro weekly chart at the moment. apologies for the line charts but i sometimes use them to get rid of the noise.

last weeks close was the break of the neck line. would like to see it retest and then head south with some nice price action. continuation of longer trend down move.

the head is also just about right at 61.8% fib for the longer down move

see what this week brings

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cheers

steve
Learning for Earning and Trading for Freedom
  • #126,686
  • Jul 7, 2013 9:03pm Jul 7, 2013 9:03pm
also watching the euraud

this 1.4230ish level has acted as resistance going back to march 2010. price has visited about 4 times since then and rejected it hard.

no big rejection this time and on the daily chart for last week closed above it a couple of times.

also given how fundamentally week my beloved aussie dollar seems at the moment my thought is price to break through this 1.42 level, retest and head north

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next level is up around 1.49-1.50. if it goes through there next level is ...???
Learning for Earning and Trading for Freedom
  • #126,687
  • Jul 8, 2013 8:49am Jul 8, 2013 8:49am
Hey Everyone!

Just waned to introduce myself. I'm a trader that has been around awhile but have been humbled too many times - looking for a fresh start here on James16! If I've learned anything in the past couple years it's that the simple trades are the best ones...
  • #126,688
  • Jul 8, 2013 9:04am Jul 8, 2013 9:04am
Quoting 5IronFrenzy
Hey Everyone! Just waned to introduce myself. I'm a trader that has been around awhile but have been humbled too many times - looking for a fresh start here on James16! If I've learned anything in the past couple years it's that the simple trades are the best ones...
Hey Iron


Welcome

I couldn't agree more about the simple approach, it's the only thing I have found to work

Ask questions if you need help with anything

Mike
  • #126,689
  • Jul 8, 2013 9:14am Jul 8, 2013 9:14am
Here was a homework chart I sent out to the group, figured I'd post here see if it helps some of the newer folks as well who might be getting caught up in the bars and forgetting about the bigger story

I send the blank chart out asking if this is a good pinbar then send my response after people have time to answer
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  • #126,690
  • Jul 8, 2013 9:26am Jul 8, 2013 9:26am
Mike, great HW assignment. I really like things like this to get your brain thinking and trying to understand the big picture. I know this is not the PF but keep it up!
  • #126,691
  • Jul 8, 2013 9:39am Jul 8, 2013 9:39am
breakout would be nice
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  • #126,692
  • Jul 8, 2013 11:50am Jul 8, 2013 11:50am
Quoting hally0301
hi guys anyone else imagining a head and shoulders formation on the euro weekly chart at the moment. apologies for the line charts but i sometimes use them to get rid of the noise. last weeks close was the break of the neck line. would like to see it retest and then head south with some nice price action. continuation of longer trend down move. the head is also just about right at 61.8% fib for the longer down move see what this week brings {image} cheers steve
Hey hally, just a note about your TLs. be carfull to draw them from the first two lows, then let price decide if it is gonna be a valid TL or not (it isnt untill theres a third touch). i mention it because this is one of them times when i really matters. You have said that price has closed below the neck line when in fact it is a perfect bounce (now it is, i was gonna post this morn but didnt have time) so i dont want you to be under the wrong impression as to what price is doing...

jon
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PATIENCE... DISCIPLINE
  • #126,693
  • Jul 8, 2013 11:53am Jul 8, 2013 11:53am
Quoting mbqb11
Here was a homework chart I sent out to the group, figured I'd post here see if it helps some of the newer folks as well who might be getting caught up in the bars and forgetting about the bigger story I send the blank chart out asking if this is a good pinbar then send my response after people have time to answer {image} {image}
nice example Mike im sure it will help many here.


jon
PATIENCE... DISCIPLINE
  • #126,694
  • Jul 8, 2013 11:54am Jul 8, 2013 11:54am
One trade so far this week (actually triggered on friday and carried over)

AUD/NZD: PBT&CB daily LCS levels with one bearish bar on the daily, limit order set for the retest, price bounced and made its way south. Slight correction at FTA on the hourly but made it to my exit of the FTA on the daily for a nice 1.5R.

http://i.imgur.com/dBPQXnR.png

thanks
  • #126,695
  • Jul 8, 2013 11:55am Jul 8, 2013 11:55am
i think iv clicked on something and now my chart labels have gone!!?? can anyone help me get them back??.....please
EDIT: jeeez, my time frames and everything has done gone a runner!!! LOL


jon
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PATIENCE... DISCIPLINE
  • #126,696
  • Edited 12:20pm Jul 8, 2013 12:01pm | Edited 12:20pm
Quoting turnip15
{quote} I've been back to post 58 but it is BLANK. What happend to that post ?

On page 6, Post 111; Jim shows a chart of a DBLHC on the Daily Eur/Jpy which doesn't prove successful (let's just say it was delay a few days). On this chart, he refers back to the chart on Post 58, page 3. The actual chart is on Post 59. Trust me on that, I archived that chart and noted the page and post number. ("archived" is such a better word then "copied". )

Anyways, Jim made an error on referring "everyone go back and look at post 58", he meant to say post "68" , which is now post 69. It was post 68 back then, again confirming from my archives.

Post 69 shows a failed DBHLC on the 15 min and he explained ways to check higher time frames and so on.

http://www.forexfactory.com/showpost...&postcount=111

http://www.forexfactory.com/showpost...5&postcount=69

Yes, you can say I read this thread a few times.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #126,697
  • Jul 8, 2013 12:37pm Jul 8, 2013 12:37pm
Quoting mbqb11
{quote} Hey Iron Welcome I couldn't agree more about the simple approach, it's the only thing I have found to work Ask questions if you need help with anything Mike
hi MBQU
i wanted to learn gann trading techniques tried a lot to find good stuff on internet but was unsuccessful I'll be glad if you tell me any thread or website regarding same
  • #126,698
  • Jul 8, 2013 12:53pm Jul 8, 2013 12:53pm
Quoting ghous
{quote} Hey Majetic, As Steve said, cutting edge is normally used to denote superior technology but if you are asking with respect to my post from earlier I was basically referring to the cutting edge as a "clear advantage" g.

Thanks, thats make sence now!
If not up, then down, otherwise sideways :-)
  • #126,699
  • Jul 8, 2013 1:11pm Jul 8, 2013 1:11pm
Quoting g_j_hook@yah
i think iv clicked on something and now my chart labels have gone!!?? can anyone help me get them back??.....please EDIT: jeeez, my time frames and everything has done gone a runner!!! LOL jon {image}

Try the F11 key. should bring the goodies back
  • #126,700
  • Jul 8, 2013 1:24pm Jul 8, 2013 1:24pm
Quoting gaurav.132
{quote} hi MBQU i wanted to learn gann trading techniques tried a lot to find good stuff on internet but was unsuccessful I'll be glad if you tell me any thread or website regarding same
Hey G


I am not too sure about that stuff I don't use any of it personally myself


Best
mike
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