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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

  • #139,541
  • Aug 25, 2016 1:13am Aug 25, 2016 1:13am
Quoting Liquidity
{quote} Final update to this trade: {image}
Great minds Steven!

Took a similar set up on GBP/CAD.

Went long after double bottom with oscillator divergence, and daily outside bar piercing long term low.

Went long last week and actually scaled in Friday and held over the weekend for just under a 6% gainer after getting out before 1.7x psych level.
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Follow me on twitter @FxLester
  • #139,542
  • Aug 25, 2016 1:14am Aug 25, 2016 1:14am
Quoting bernadetta
{quote} It's a courtesy to explain your reasons for entering before asking others for an opinion.
Hs stands for head and shoulder. I thought i explained myself. Like all the head and shoulder we buy when the neckline is broken. Sorry for my english. I Hope i was clear.
  • #139,543
  • Aug 25, 2016 4:54am Aug 25, 2016 4:54am
Waiting for PA to go short..
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  • #139,544
  • Aug 25, 2016 11:42am Aug 25, 2016 11:42am
Quoting sirovai
{quote} Hs stands for head and shoulder. I thought i explained myself. Like all the head and shoulder we buy when the neckline is broken. Sorry for my english. I Hope i was clear.
Sirovai here we trade price action with triger(bars- BUOB, BEOB, pinbar) or without triger(touch-trade). You seems to trade without triger. This is advanced style and we want to trade this where is confluence. I don't see any confluence at your chart.
"Like all the H&S we buy when the neckline is broken"- i don't agree with that'; i think you know about fake out
a touch trade that i see in your chart and maybe interested to trade at USD/CHF at 0.97-0.971, the low of previous box

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  • #139,545
  • Aug 25, 2016 1:05pm Aug 25, 2016 1:05pm
Quoting Fxchap
{quote} Yeah sometimes u miss the trade by trying to pin point your entry too much. Nice trade !!
yes I had been watching this one close, good to be on the right side with these markets

Let's see what the crazy fed has to say tomorrow lol

Mike
  • #139,546
  • Aug 25, 2016 1:18pm Aug 25, 2016 1:18pm
nice pivot worth watching

enjoy the end of the week!
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  • #139,547
  • Aug 25, 2016 3:19pm Aug 25, 2016 3:19pm
Quoting mbqb11
{quote} caught a big one on this one, but like so many pairs it overshot the support more than I'd hope I used an 8hr buob as my entry, i think the prime minister got arrested that sparked it off nice I think we have much more upside into 14.5 too but with these markets too much profit to give back up {image}
Hi Mike,

At first congrats to winner! I would like to ask you, though. As you said, "it overshot the support more than I'd hope". I dont know where your initial SL was, but you were in open risk about 70% of inicial risk, I guess. It is quite enough. How you decide when to stay and when to cancel a trade?

Thanks a lot,

James
  • #139,548
  • Edited 9:23pm Aug 25, 2016 4:42pm | Edited 9:23pm
I did a quick video tutorial on PPZ Price Pivot Zones, and utilizing these flips of support and resistance with Price action on this same chart for you guys

Quick and short video to get any of you who are new started using them

Enjoy
Mike

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https://www.james16group.us/wp/how-t...ce-pivot-zones
Quoting mbqb11
nice pivot worth watching enjoy the end of the week! {image}
  • #139,549
  • Aug 25, 2016 6:17pm Aug 25, 2016 6:17pm
Quoting Maklla
Waiting for PA to go short.. {image}
You also have the 61.8fib.
Today we ended up with a 2 day pinbar but its too small compared to the strong uptrend, a pinbar or BEOB with a 1.75 touch would be the desired scenario IMHO.

Fxchap
  • #139,550
  • Aug 26, 2016 6:27am Aug 26, 2016 6:27am
Quoting florinellz
{quote} Sirovai here we trade price action with triger(bars- BUOB, BEOB, pinbar) or without triger(touch-trade). You seems to trade without triger. This is advanced style and we want to trade this where is confluence. I don't see any confluence at your chart. "Like all the H&S we buy when the neckline is broken"- i don't agree with that'; i think you know about fake out a touch trade that i see in your chart and maybe interested to trade at USD/CHF at 0.97-0.971, the low of previous box {image}
Ok florine, Sorry for my ot. I Always keep an eye on this thread!
  • #139,551
  • Aug 26, 2016 6:48am Aug 26, 2016 6:48am
Quoting mbqb11
I did a quick video tutorial on PPZ Price Pivot Zones, and utilizing these flips of support and resistance with Price action on this same chart for you guys Quick and short video to get any of you who are new started using them Enjoy Mike https://www.youtube.com/watch?v=MMOI-rQhblc https://www.james16group.us/wp/how-t...ce-pivot-zones {quote}
Great video Mike !
  • #139,552
  • Aug 26, 2016 6:58am Aug 26, 2016 6:58am
One of my nuances is to avoid taking BUOB/BEOB that cant close below/above a round number if its very near,

Here we have two cases in which they gave us a very nice BEOB engulfin a minimum of two bars but they couldn't managed to close below the round number (maybe it did on other brokers, but i stick to my fxpro feed) Price broke lower but didn't had follow thru... making the price come back.

As price wasnt able to close below the round number, it gives us a sign that the sellers aren't that committed in order to make price go lower

My 2 cents.
Fxchap
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  • #139,553
  • Aug 26, 2016 7:10am Aug 26, 2016 7:10am
Quoting mbqb11
nice pivot worth watching enjoy the end of the week! {image}
Another one to watch NZD/USD.. break and retest or fakebreak
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  • #139,554
  • Aug 26, 2016 7:44am Aug 26, 2016 7:44am
AUD/USD the morning accumulation in progress. The price made nice trading range and the price confirmed that bulls won the battle. Lets see how much we can go. I call this kind of setups the intraday accumulation.
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"Buy on fear, sell on greed !!!
  • #139,555
  • Aug 26, 2016 8:14am Aug 26, 2016 8:14am
Quoting Petar_Serbia
AUD/USD the morning accumulation in progress. The price made nice trading range and the price confirmed that bulls won the battle. Lets see how much we can go. I call this kind of setups the intraday accumulation. {image}
Nice winner and still going on
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"Buy on fear, sell on greed !!!
  • #139,556
  • Aug 26, 2016 11:22am Aug 26, 2016 11:22am
A quick snip from this weeks webinar discussing option trade management and expectations.

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  • #139,557
  • Aug 26, 2016 12:30pm Aug 26, 2016 12:30pm
Quoting kevins
A quick snip from this weeks webinar discussing option trade management and expectations. https://www.youtube.com/watch?v=Z37AL8ZV40E
members seriously rave about Kevin, for those of you new to options check out some of his free stuff on the youtube channel

Thanks kev!
  • #139,558
  • Aug 26, 2016 12:31pm Aug 26, 2016 12:31pm
caught a beauty on the nzd/usd

massive daily divergence, sold the touch,

Can we get a big ole daily beob now? Markets continue to not want to break out but you never know


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  • #139,559
  • Aug 26, 2016 12:36pm Aug 26, 2016 12:36pm
Quoting mbqb11
caught a beauty on the nzd/usd massive daily divergence, sold the touch, Can we get a big ole daily beob now? Markets continue to not want to break out but you never know {image} {image}
Well done
  • #139,560
  • Aug 26, 2016 3:20pm Aug 26, 2016 3:20pm
Quoting mbqb11
{quote} members seriously rave about Kevin, for those of you new to options check out some of his free stuff on the youtube channel Thanks kev!
Here is another little snip from a webinar I did about mind hacks where I was awarded "Trader of the Month July 2016". The full video will be made available in several weeks for those interested.

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