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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

  • #134,441
  • Apr 16, 2015 2:43pm Apr 16, 2015 2:43pm
Quoting codekid
USD/CAD ..... i'm definitely heading back to page 1 of thread guys. Got to read those posts a few more times. {image}
Go to the PF and watch the videos in the guest area. I must've watched those videos a hundred times. Sometimes when I'm sitting around doing nothing I'll put a video on in the background.
  • #134,442
  • Apr 16, 2015 3:26pm Apr 16, 2015 3:26pm
Quoting kevins
{quote} Of course srt. Approximately 85% of all my option trades are writing spreads (theta positive, selling premium). I do intermittently play some small earnings or news events, but the majority is always going to be sellling options. I have just a few core trades that I do month in, month out, but NEVER anything naked, and a combination of vertical spreads, butterflies and condors. The graph I displayed was actually a debit put spread on 3.24 as I was anticipating a sharp drop in the coming days. The timing was perfect, although I didn't fully...
Thanks
  • #134,443
  • Edited 7:31pm Apr 16, 2015 5:43pm | Edited 7:31pm
CAD/JPY H4. Target hit. Bagged 100 pips. Zam bagged a lot more than that! Good trading friend.

Back in short on this H4 PB down to support. EDIT: Triggered on retrace at a better price.

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'Fail to plan, plan to fail'
  • #134,444
  • Apr 17, 2015 4:06am Apr 17, 2015 4:06am
Quoting mbqb11
{quote} obviously not James but i've been trading for over 13 years, and it's the same stuff now. The differences are in some of the other things like execution, spreads, brokers. But the dynamics are the same to me. If anything easier in terms of barrier to entry is so easy , flexibility is better, pricing is more accurate, competition is higher making the playing field more even etc The people who usually get hurt year in and out by market "changes" are black box type methods that are curve fitted to historical markets. Markets are ever evolving...
Thanks for the little write up Mike. It's easy to understand and agree with this. It can be a little bit concerning (or depressing) when you hear of the nae-sayers expressing their belief the market is now dead for the retail investor. I definitely understand things have changed since the HFTs boom and markets can swing and become manipulated rather easily especially with the excess leverage they employ. I do think we are in for interesting times ahead especially since countries are reaching (have reached) debt danger levels again, with more bubbles appearing in the markets and central banks recklessly trying to keep things afloat with QE. I believe one needs to be aware of these macro economic fundamentals and for the likely dangers of more black swan events ahead. But as you say, I do believe sticking to PA, being picky, consistent and managing risk is what will keep one going in any market situation. Just my thoughts too.

Cheers!
  • #134,445
  • Apr 17, 2015 5:06am Apr 17, 2015 5:06am
GBPCHF - BE for now.

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  • #134,446
  • Apr 17, 2015 5:39am Apr 17, 2015 5:39am
Was a little biy late with the entry. The best eas to enter ob the close, buy a good one.
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If not up, then down, otherwise sideways :-)
  • #134,447
  • Apr 17, 2015 6:19am Apr 17, 2015 6:19am
GBP/CAD D1. Short on BEOVB. strong support level at 1.82000. Will take half profit off before then, then let this bad boy run if it can break this level. That's if it doesn't decide to retrace to resistance.

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'Fail to plan, plan to fail'
  • #134,448
  • Edited 6:42am Apr 17, 2015 6:30am | Edited 6:42am
Quoting Magestic
Was a little biy late with the entry. The best eas to enter ob the close, buy a good one. {image}
Be careful Magestic. Nice bar, but price looks like it might be turning around on the 1 hour chart. Price is still at a strong S/R level of 1.5000. But sure has been strong recent bullish movement too. (although i'd love to see that 4H bar turn into a bearish PB!) All the best with the trade. G
'Fail to plan, plan to fail'
  • #134,449
  • Apr 17, 2015 6:52am Apr 17, 2015 6:52am
Thinking about buying EUR/AUD at around these levels based on small pin bars on the Daily and 4 hr charts.

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  • #134,450
  • Apr 17, 2015 7:11am Apr 17, 2015 7:11am
Long shot but worth looking for some PA at around 94.50-95.00 on USD/CHF 4 hr time frame

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  • #134,451
  • Apr 17, 2015 7:39am Apr 17, 2015 7:39am
GBP/CAD D1. 1st target hit. Price smashed through support. Next target 1.8020.

CAD/JPY H4 stopped out. Profits locked in on this trade more than make up for it.

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'Fail to plan, plan to fail'
  • #134,452
  • Apr 17, 2015 8:04am Apr 17, 2015 8:04am
GBP/USD H4. PB rejecting resistance. Sell orders triggered. I am all over this sort of trade. Blast off!

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'Fail to plan, plan to fail'
  • #134,453
  • Apr 17, 2015 8:14am Apr 17, 2015 8:14am
EUR/USD H1. PB then BEOVB swing high off resistance. BE. Free trade from here.

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'Fail to plan, plan to fail'
  • #134,454
  • Apr 17, 2015 8:16am Apr 17, 2015 8:16am
Quoting Guitarbloke
GBP/USD H4. PB rejecting resistance. Sell orders triggered. I am all over this sort of trade. Blast off!
Thought I'd throw up my 4 hr chart to show the effect of different times for when the bar starts.

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  • #134,455
  • Apr 17, 2015 8:22am Apr 17, 2015 8:22am
Quoting Guitarbloke
GBP/USD H4. PB rejecting resistance. Sell orders triggered. I am all over this sort of trade. Blast off! {image}
Imho better to wait for the PPZ @ 15969-ish to be engulfed and then enter on a retrace to 15026 for a better RR
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Pipcrawler
  • #134,456
  • Apr 17, 2015 8:32am Apr 17, 2015 8:32am
Quoting Guitarbloke
EUR/USD H1. PB then BEOVB swing high off resistance. BE. Free trade from here. {image}
Imho better to close the trade and take full profit, price just made a beartrap which will move price up for a pullback
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Pipcrawler
  • #134,457
  • Edited 9:28am Apr 17, 2015 9:09am | Edited 9:28am
AUD/JPY H1. DBHLC IB PB combo off 93.000 level at swing high.

GBP/CAD Stopped out/profit taken. Banked 110 pips. Price at a key level. Will look to get in again next week.

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'Fail to plan, plan to fail'
  • #134,458
  • Apr 17, 2015 9:21am Apr 17, 2015 9:21am
Quoting xmzhang
{quote} Imho better to wait for the PPZ @ 15969-ish to be engulfed and then enter on a retrace to 15026 for a better RR {image}
Thanks for your comments Xmz and for taking the time to post your charts. Yes indeed. I love a retrace myself. Not sure it will happen here, but if it does, i may enter again. Food for thought. Thank you friend. And you may well be correct re EUR/USD H1 but i will let it run.

French pips. Yes, our charts are very different. Are your charts New york close? Best wishes, G.
'Fail to plan, plan to fail'
  • #134,459
  • Apr 17, 2015 10:12am Apr 17, 2015 10:12am
GBP/USD H4. 1st. target hit. profit taken. S/L to BE. Free trade from here.

EUR/USD stopped out. small profit taken. Will look to get in again next week if PA signal presents at a swing high.

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'Fail to plan, plan to fail'
  • #134,460
  • Apr 17, 2015 10:57am Apr 17, 2015 10:57am
AUDCHF - Entry a little late but BE now.

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