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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

  • #133,901
  • Mar 2, 2015 4:39am Mar 2, 2015 4:39am
I like the GBPCAD area to, but there's no signal for me to go short yet, the pin is unconvincing and the monthly chart is a put off, the 1.95 has been a strong decision point in the past but I'll wait to see if there's better PA in the future.
  • #133,902
  • Mar 2, 2015 5:05pm Mar 2, 2015 5:05pm
lot of consolidation going on in FX but also we are approaching some crucial areas

here is one on the eur/jpy that i'm watching
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  • #133,903
  • Mar 3, 2015 2:29am Mar 3, 2015 2:29am
Hi Mike

I woud add that the price has allready closed below the triangle
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Nothing personal,just business
  • #133,904
  • Mar 3, 2015 4:47am Mar 3, 2015 4:47am
Quoting mbqb11
lot of consolidation going on in FX but also we are approaching some crucial areas here is one on the eur/jpy that i'm watching {image}
Hi Mike, just one question: i see down trend here, you write that you dont trade breakout against the trend. I see some HH and HL but they are not so significant. How you determinete the trend? Thanks
  • #133,905
  • Mar 3, 2015 7:55am Mar 3, 2015 7:55am
Quoting fxgroup
Hi Mike I woud add that the price has allready closed below the triangle {image}
Hey FX

I don't see this as a strong relevant trendline since we only have two touches to the TL. I want to see 3 or more to really give weight to a TL

Best
Mike
  • #133,906
  • Mar 3, 2015 7:57am Mar 3, 2015 7:57am
Quoting protuberanec
{quote} Hi Mike, just one question: i see down trend here, you write that you dont trade breakout against the trend. I see some HH and HL but they are not so significant. How you determinete the trend? Thanks
Hey P

There is absolutely a downtrend in place here BUT the key isn't about that it's about what I want to happen to get into a strong trade. IF/WHEN that TL gievs in the proper way it could be a strong area that would take us higher

I drew an example such as price trying to make a new low and shooting higher . I DO trade breakouts against the trend. I recommend for new traders not too in the beginning.

Hope that helps
Mike
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  • #133,907
  • Mar 3, 2015 9:26am Mar 3, 2015 9:26am
Quoting mbqb11
{quote} Hey P There is absolutely a downtrend in place here BUT the key isn't about that it's about what I want to happen to get into a strong trade. IF/WHEN that TL gievs in the proper way it could be a strong area that would take us higher I drew an example such as price trying to make a new low and shooting higher . I DO trade breakouts against the trend. I recommend for new traders not too in the beginning. Hope that helps Mike {image}
Thanks Mike, I understand
  • #133,908
  • Mar 3, 2015 6:20pm Mar 3, 2015 6:20pm
our goal is to put out weekly excerpts from videos/webinars and guest blogs

I've clipped out the first ten minutes to todays webinar I did

Enjoy and hopefully although it's not the full thing to be fair to paying members but that you guys will still be able to get a ton of free information like this thread provides

Best
Mike

Inserted Video
  • #133,909
  • Mar 4, 2015 5:44am Mar 4, 2015 5:44am
Hey Mike,

Thanks for the video post.

Is there any chance that you could put up some new videos by James16 in the guest section or your youtube channel?
  • #133,910
  • Mar 4, 2015 7:15am Mar 4, 2015 7:15am
Thanks for the video and for the ton of usefull information in past and future! Thanks for great job Mike and James!
  • #133,911
  • Mar 4, 2015 9:46am Mar 4, 2015 9:46am
Quoting zamfir
Hey Mike, Thanks for the video post. Is there any chance that you could put up some new videos by James16 in the guest section or your youtube channel?
Thanks Z and P

Yes we will be releasing clips and different guest videos from james and others once we are up and running. James will be fully back once the new site goes live but not before then

best
Mike
  • #133,912
  • Mar 4, 2015 9:47am Mar 4, 2015 9:47am
you all remember my last gbp/jpy I posted where I took a minimized loss. Funny enough the SAME trade materialized on the gbp/jpy today but the results were much better adding 3.8% gain

I wasn't going to post another live video for awhile but because they were so similar I thought they really blended well and should be watched together

Inserted Video


Enjoy
Mike
  • #133,913
  • Mar 4, 2015 11:17am Mar 4, 2015 11:17am
Quoting mbqb11
you all remember my last gbp/jpy I posted where I took a minimized loss. Funny enough the SAME trade materialized on the gbp/jpy today but the results were much better adding 3.8% gain I wasn't going to post another live video for awhile but because they were so similar I thought they really blended well and should be watched together https://www.youtube.com/watch?v=XYnSbtpIe8I Enjoy Mike
Have a nice day
  • #133,914
  • Mar 4, 2015 1:57pm Mar 4, 2015 1:57pm
Im on this one, will see how it goes. H4 usually not my style
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  • #133,915
  • Edited 5:06pm Mar 4, 2015 4:53pm | Edited 5:06pm
Quoting gasgas
Im on this one, will see how it goes. H4 usually not my style {image}
Beautiful bar, but not quite so sure about the location. I marked up a chart with a few of my thoughts. Is that your original stop? I would watch 97 like a hawk.

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Here's another scenario. Price has made a pretty good consolidation box and could go right back into it.

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  • #133,916
  • Mar 5, 2015 4:14am Mar 5, 2015 4:14am
Quoting Donkey
{quote} Beautiful bar, but not quite so sure about the location. I marked up a chart with a few of my thoughts. Is that your original stop? I would watch 97 like a hawk. {image} Here's another scenario. Price has made a pretty good consolidation box and could go right back into it. {image}
Yep, agree with what u said bro. Im managing it tightly and that was my originally SL, half as usualy because of that PPZ. Reducing my risk as she goes, now comes the tricky part. 97. is my BE level also.

Cheers
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  • #133,917
  • Mar 5, 2015 6:07am Mar 5, 2015 6:07am
Quoting gasgas
{quote} Yep, agree with what u said bro. Im managing it tightly and that was my originally SL, half as usualy because of that PPZ. Reducing my risk as she goes, now comes the tricky part. 97. is my BE level also. Cheers {image}
Awesome....I had a retrace entry at 96.18, that just got missed by 4 pips, with stop under the bar low. Cancelled the order, but still like the level. Good luck with this one!
  • #133,918
  • Mar 5, 2015 8:24am Mar 5, 2015 8:24am
Have not been active on forex lately..but some good setups.

USDCHF 80+ pips locked

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NZDUSD - BE for now

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  • #133,919
  • Mar 5, 2015 8:30am Mar 5, 2015 8:30am
Quoting Donkey
{quote} Awesome....I had a retrace entry at 96.18, that just got missed by 4 pips, with stop under the bar low. Cancelled the order, but still like the level. Good luck with this one!
Tnx
I did took small lose tho, 96.80 reacted stronger that i mabey expected, ah well, off to next one
  • #133,920
  • Mar 7, 2015 4:54am Mar 7, 2015 4:54am
Hi guys! EURAUD I see great pin from PPZ 1.4000, but it formed in friday and right eye dont show momentum. FTA near 1.4100 but i think pin is great and from great support. so maybe i'll take it.
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USDCAD breakout with litlle pin
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