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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

  • #136,121
  • Jul 27, 2015 5:26pm Jul 27, 2015 5:26pm
Quoting incognito517
Okay, here I go with the first lower TF trade (2H). Bearish PB/Dark cloud cover or whatever you want to call it. From swing high?{image} Came mighty close to getting stopped out on this one today but it has fired up again. C'mon USD!{image}
GBP/USD. Trading into some traffic around 1.5539. Might be good for some pips though Inco. All the best with both trades.

GBP/AUD. All the best with it if you took it Alphac. I will look for pullback.
'Fail to plan, plan to fail'
  • #136,122
  • Jul 27, 2015 6:14pm Jul 27, 2015 6:14pm
great chart i'm watching. Massive divergence, nice TL running right into the BRN of 1.3. Nice clear path down with the right PA
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  • #136,123
  • Edited 8:21pm Jul 27, 2015 7:29pm | Edited 8:21pm
Quoting mbqb11
Because i've seen this before i'm gonna jump in here to slow things down Guys we are ALL here trying to do the same things. In this thread we are about helping and especially trying to save people from losing their shirt. Go to post 1 for you new folks. Take to heart Jim's words. They aren't to hurt but to help. I know at the end of the day each person is going to go on their own journey. Our hope is to help you guys avoid some of those monster pitfalls and especially from burning through your hard earned money. You might take some things we...
I will like to apologize for my actions yesterday. I will like to apoligize directly to the James16 thread, Mike, Guitarbloke and incognito517.
In the middle of preaching the "rules" I broke one myself. From the bottom of my heart Im sorry.

Gutairbloke. My analysts on the eur/usd trade is null at this point. You're right hindsight is bulldust! But I will do you one better and show a live trade I'm currently in(just as soon as I can figure how to black out my acct. number) any help on that will be appreciated!

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Not a huge amount of pips to be made but extremely small SL.

Thanks srt

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7 pip SL with a 23 pip TP. TP hit.
  • #136,124
  • Jul 27, 2015 7:38pm Jul 27, 2015 7:38pm
Quoting jscathey11
{quote} I will like to apologize for my actions yesterday. I will like to apoligize directly to the James16 thread, Mike, Guitarbloke and incognito517. In the middle of preaching the "rules" I broke one myself. From the bottom of my heart Im sorry. Gutairbloke. My analysts on the eur/usd trade is null at this point. You're right hindsight is bulldust! But I will do you one better and show a live trade I'm currently in(just as soon as I can figure how to black out my acct. number) any help on that will be appreciated!
Right click on chart >>>"Save As Picture">>>"Active Chart(As Is)">>>Save to desktop
  • #136,125
  • Edited Jul 28, 2015 3:01am Jul 27, 2015 8:17pm | Edited Jul 28, 2015 3:01am
AUD/NZD H1. BEOVB/Breakout. Will consider selling again if/when price retraces back to new resistance. 30 pip stop which I'm happy about.

No probs JS. Thanks for your chart. Looks like you're in profit.

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Update: D1 perspective. 1st target hit. BE.

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'Fail to plan, plan to fail'
  • #136,126
  • Jul 27, 2015 8:30pm Jul 27, 2015 8:30pm
Quoting jscathey11
{quote} I will like to apologize for my actions yesterday. I will like to apoligize directly to the James16 thread, Mike, Guitarbloke and incognito517. In the middle of preaching the "rules" I broke one myself. From the bottom of my heart Im sorry. Gutairbloke. My analysts on the eur/usd trade is null at this point. You're right hindsight is bulldust! But I will do you one better and show a live trade I'm currently in(just as soon as I can figure how to black out my acct. number) any help on that will be appreciated! {image} Not a huge amount of...
Thanks JS, I didn't find anything too out of line. I just saw excitement. Passion. I know what that leads too. Seen it so many times LOL. I never judge someone on a few posts. If I did i'd probably have a big ignore list. People are passionate with their own personalities. Throw them into a place with others and it's bound to create some excited convos. But this is what constantly keeps this thread going. Not me, not James, but everyone participating and willing at the end of the day to put things aside and keep it to trading and try to help and keep the thread in a good direction

Appreciate that though and hope to see you here more

Mike
  • #136,127
  • Jul 27, 2015 11:39pm Jul 27, 2015 11:39pm
Hi All,

AUDNZD H4 Previous support and BRN 1.1 breakout, waiting for PA on retrace....

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Adhav
  • #136,128
  • Jul 28, 2015 12:49am Jul 28, 2015 12:49am
Quoting Guitarbloke
{quote} GBP/USD. Trading into some traffic around 1.5539. Might be good for some pips though Inco.
Thanks GB
  • #136,129
  • Jul 28, 2015 12:50am Jul 28, 2015 12:50am
Apology accepted, JS! And I’m sorry too.
  • #136,130
  • Jul 28, 2015 4:26am Jul 28, 2015 4:26am
One bullish 4H outside bar after a D1 pin in GBP/JPY
mixed with positiv perceived GBP data (indicated by a 4H pin in cable)
was enough for me to pull the trigger for a GBP/JPY long.
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  • #136,131
  • Jul 28, 2015 4:50am Jul 28, 2015 4:50am
Two other former trades on my watchlist.
I lacked the courage, especially in CAD/CHF, to enter them
but they turned out to be ok.

CAD/CHF:
D1 pin and bullish 4H outside bar in a counter trend situation.
Counter trend is not my favourite and oil is again dropping like a stone .

USD/ZAR:
Nice setup but also counter trend and with rather small profit margin for that risk.
But more convincing price action here. Price rejected BRN 12.6000
with a nice 4H pin which closed below yesterdays low.
Should have taken this on, but price moved to fast or I was to slow.
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  • #136,132
  • Jul 28, 2015 5:08am Jul 28, 2015 5:08am
Quoting mbqb11
great chart i'm watching. Massive divergence, nice TL running right into the BRN of 1.3. Nice clear path down with the right PA {image}
It looks like it's still holding.
Can anyone tell me if you also have gaps on the left? I noticed on your chart there is no gap at all.
Data feed again?
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  • #136,133
  • Jul 28, 2015 5:09am Jul 28, 2015 5:09am
Quoting mbqb11
great chart i'm watching. Massive divergence, nice TL running right into the BRN of 1.3. Nice clear path down with the right PA {image}

Hello Mike,

thanks for sharing.
Bought into that trend yesterday at 1.3020 and was stopped out at BE.
I want to ask, how you would prefer to enter a short here,
because for me it looks like a very strong trend.
Would you wait for a 4H close at a new weekly low under 1.2980 and play the retracement ?

Best
K
  • #136,134
  • Jul 28, 2015 5:33am Jul 28, 2015 5:33am
EUR/USD H1 BEOVB. moving down nicely so far. Tight stop. Nice RR. Will move to BE soon.

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'Fail to plan, plan to fail'
  • #136,135
  • Jul 28, 2015 5:40am Jul 28, 2015 5:40am
Quoting Guitarbloke
EUR/USD H1 BEOVB. moving down nicely so far. Tight stop. Nice RR. Will move to BE soon. {image}
Hi G,

My undestending is that you played BEOB on retrace. Is this technically BEOB on your feed? It's DBHLC on mine, anyway what is the lowerst time frame that you trade off these setups.
I personally always thought that H1 is too low and looked only at H4 for them. What is your opinion?

Thx
  • #136,136
  • Jul 28, 2015 5:46am Jul 28, 2015 5:46am
Quoting Kershey
One bullish 4H outside bar after a D1 pin in GBP/JPY mixed with positiv perceived GBP data (indicated by a 4H pin in cable) was enough for me to pull the trigger for a GBP/JPY long. {image} {image}
PB also bounced from confluence of 38 and 23 fib levels. I "pulled the triger" too)
  • #136,137
  • Jul 28, 2015 5:54am Jul 28, 2015 5:54am
Quoting Guitarbloke
EUR/USD H1 BEOVB. moving down nicely so far. Tight stop. Nice RR. Will move to BE soon. {image}
I'm also short on EU. Played the PB on the 3 hour chart though. 60 pips good so far and almost home.
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  • #136,138
  • Jul 28, 2015 6:36am Jul 28, 2015 6:36am
Quoting ziven78
{quote} Hi G, My undestending is that you played BEOB on retrace. Is this technically BEOB on your feed? It's DBHLC on mine, anyway what is the lowerst time frame that you trade off these setups. I personally always thought that H1 is too low and looked only at H4 for them. What is your opinion? Thx
Hey Ziven. You are correct. it is a DBHLC. These bars seem to work better on a daily, H4 or higher. I prefer the D1 and H4 ideally, but there are good pips to be had on the H1 too.

Good job Inco!
'Fail to plan, plan to fail'
  • #136,139
  • Jul 28, 2015 7:06am Jul 28, 2015 7:06am
this is my position on the Euro, using an old style of entry from Raczek. Lets see if it works.
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Market can stay irrational longer than you can stay solvent.
  • #136,140
  • Jul 28, 2015 10:53am Jul 28, 2015 10:53am
Quoting mbqb11
great chart i'm watching. Massive divergence, nice TL running right into the BRN of 1.3. Nice clear path down with the right PA {image}
Hi Mike are you in?
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