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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

  • #138,221
  • Jan 13, 2016 5:41am Jan 13, 2016 5:41am
Quoting alphac
US Oil Futures 1 hr chart {image}
Nice Alphac.

OIL M15

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'Fail to plan, plan to fail'
  • #138,222
  • Jan 13, 2016 6:02am Jan 13, 2016 6:02am
Quoting Guitarbloke
{quote} Nice Alphac. OIL M15 {image}
Well done greg, was a nice location.

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  • #138,223
  • Jan 13, 2016 6:23am Jan 13, 2016 6:23am
Quoting alphac
{quote} Well done greg, was a nice location. {image}
Ah, I didn't take the trade but may've if I saw it. The BEOVB H4 might be a goer around current retrace level.

But USD/CHF H4 was good for a few pips and rising.

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'Fail to plan, plan to fail'
  • #138,224
  • Jan 13, 2016 8:53am Jan 13, 2016 8:53am
Quoting mbqb11
another example, I just keep it on a watch list with an alarm set. The only tough part is dragging yourself out of bed in the middle of the night most of the time Good accurate patterns are what I use. Then I can just sit and wait for some good PA in this case {image}
hope someone caught this eur/chf one, it was a beauty clear as day and I missed it catching up on sleep
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  • #138,225
  • Jan 13, 2016 9:23am Jan 13, 2016 9:23am
Quoting Bill618
How low is Oil going? Mike? Jim? Anyone?.... {image}
starting to show a bit of divergence , but I don't see a lot to build off. We have a smaller TL on the hourly chart we could watch, but i'd rather see some much more obvious signs before jumping in this market

Hope all is well Bill

Mike
  • #138,226
  • Jan 13, 2016 9:51am Jan 13, 2016 9:51am
Quoting mbqb11
{quote} hope someone caught this eur/chf one, it was a beauty clear as day and I missed it catching up on sleep {image}
I thought to put buy stop over previous bar highs) But I couldn't explain this intention to myself & that's why I decided to pass as now I'm working on my trading strategy and one the rules that I stick to- not to trade everything I want))))
  • #138,227
  • Jan 13, 2016 10:30am Jan 13, 2016 10:30am
Quoting mbqb11
{quote} hope someone caught this eur/chf one, it was a beauty clear as day and I missed it catching up on sleep {image}
Mike waiting for retrace to catch the price..:nerd:

Adhav
  • #138,228
  • Jan 13, 2016 12:10pm Jan 13, 2016 12:10pm
Quoting antisystem
{quote} I thought to put buy stop over previous bar highs) But I couldn't explain this intention to myself & that's why I decided to pass as now I'm working on my trading strategy and one the rules that I stick to- not to trade everything I want))))
I know sometimes you have a great idea why it's going to go up but having those additional pieces in this case the BUOB allow one to formulate your start to finish story. A retrace entry on the buob would have put you in roughly the same spot too with a good place for a stop loss etc

I'll kick myself for not setting my alarm for a few more hours lol

Mike
  • #138,229
  • Jan 13, 2016 12:43pm Jan 13, 2016 12:43pm
Quoting Bill618
How low is Oil going? Mike? Jim? Anyone?.... {image}
I think of this in the following way....

BEOB on a swing low meaning you are shorting into support so price will most likely reverse on that area.

You have to be very quick to cut out if that level won't hold.
  • #138,230
  • Jan 13, 2016 1:19pm Jan 13, 2016 1:19pm
Almost a double top on the weekly chart with regards to the SP500.

Up trend is over, those weak lows are about to be taken out
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  • #138,231
  • Jan 13, 2016 2:25pm Jan 13, 2016 2:25pm
Quoting lovelyman
{quote} I think of this in the following way.... BEOB on a swing low meaning you are shorting into support so price will most likely reverse on that area. You have to be very quick to cut out if that level won't hold.
spot on Lovelyman
  • #138,232
  • Edited 3:18pm Jan 13, 2016 2:43pm | Edited 3:18pm
NZD/CHF H4 BEOVB. Confluence: closed below BRN 0.66000 plus mulitiple bar highs. Rejecting 150 EMA on D1. Reduced s/l to smaller risk after trade took off. Price currently at FTA so decision time. I will hold on as is and see if price can break through. If it reverses, I will move s/l to BE.

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'Fail to plan, plan to fail'
  • #138,233
  • Jan 13, 2016 2:58pm Jan 13, 2016 2:58pm
Quoting Winston Reed
{quote} If not then I plan to continue a campaign to expose the illegitimacy of promoting a website asking for membership fees that suggest the individual paying the fees has a reasonable expectation of profiting from the "educational" material promoted by the website. I will do so in my state legislature and in any other way possible to expose the criminality of such ventures.
Let me understand that correctly

You had payed James for the PF (all 12 months I guess), you trade his method and you attack him for what exactly?

Why the hell does it matter if he shows his statements or not, what matters is that this stuff works. PERIOD.

I can only guess that even if he had shown statements, you would have find something else attacking him

  • #138,234
  • Jan 13, 2016 3:42pm Jan 13, 2016 3:42pm
Quoting mbqb11
{quote} hope someone caught this eur/chf one, it was a beauty clear as day and I missed it catching up on sleep {image}
Yeah man, i caught it
Let me explain my entry though Mike so you can critique me on it please....

As much as i wanted to buy in on the retrace to the now support (and it moved to there perfectly on the 4hr), i wanted to see price get confidently above 1.090 AND above the previous weeks high. Is that to safe? Overall i missed out on about 10 pips.


Bottom chart is USD/MXN, BUOB on 4hr + other bits of confluence. Mike, don't look at this chart please as i, ahem, bought in the middle of a box. No critique required hehe
This pair is boxing beee-uwdifully peeps! Looking forward to either getting in again at the top as it bounces back down OR breaks out into the wild blue yonder.
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  • #138,235
  • Jan 13, 2016 9:29pm Jan 13, 2016 9:29pm
Hi All,

PA(Double rejection with higher close) and yesterday bar closed above daily resistance and RN 1.55.

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Adhav
  • #138,236
  • Jan 13, 2016 10:43pm Jan 13, 2016 10:43pm
Quoting Adhavan
Hi All, PA(Double rejection with higher close) and yesterday bar closed above daily resistance and RN 1.55. {image} Adhav
I think this one might be going to the moon Ad! Or maybe at least to around next resistance I can see at 1.5800-1.5850 zone?

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'Fail to plan, plan to fail'
  • #138,237
  • Edited 3:46am Jan 14, 2016 3:05am | Edited 3:46am
Quoting Guitarbloke
{quote} I think this one might be going to the moon Ad! Or maybe at least to around next resistance I can see at 1.5800-1.5850 zone? {image}
I don't know how far the moon is but it's on its way...

UPDATE: Trailing stop hit for a quick fire 75 pips. Will look to get back in if the opportunity arises.
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  • #138,238
  • Edited 3:44am Jan 14, 2016 3:09am | Edited 3:44am
NZD/USD D1 BEOVB. Love these outside/engulfing pin bar cousins.

Edit: Bill, the moon at it's closest point is 363,104 kilometres away. Beware the potential for false break on E/C.

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'Fail to plan, plan to fail'
  • #138,239
  • Jan 14, 2016 3:44am Jan 14, 2016 3:44am
Quoting Guitarbloke
NZD/USD D1 BEOVB. Love these outside/engulfing pin bar cousins. {image}
There might be a PPZ there though GB?
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  • #138,240
  • Jan 14, 2016 4:00am Jan 14, 2016 4:00am
Quoting Bill618
{quote} There might be a PPZ there though GB? {image}
Yes, a bit of a zone and traffic coming up, but price has closed through the 0.65000 area which gives me confidence in the set-up. One thing that bugs me a little is the weekly bar as strong as it looks (and daily bar) closed above 0.65000 not below it. Anyway, will keep a close eye on risk management.
'Fail to plan, plan to fail'
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