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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

Quoting joelcf
lol.



Bars and candles show the exact same information.
true , but its how people interpret it which makes the difference between the 2, perfect example we had a few posts back, the guy thought it looked like a BUOB on candle form, but clearly in bars it was a totally different story.
Quoting deankenny21
true , but its how people interpret it which makes the difference between the 2, perfect example we had a few posts back, the guy thought it looked like a BUOB on candle form, but clearly in bars it was a totally different story.
That's his misinterpretation. You called it right. It wasnt a BUOB in candle, bar, or dogs-stacked-head-to-tail form.
When you have to shoot, shoot. Dont talk.
I do the same like Adi suggested.
80% are in the bank and 20% are with the broker, which is enough to pass the margin requirements.

2% risk per trade are calculated from the total available amount

Cheers
Andreas

Quoting Adilius07
Why do you deposit money into your broker? What you have is enough for some time. Keep them in a bank, but calculate your position size AS IF the money were with the broker already. You would save on bank transfers, your time, diversify risk (money kept in 2 institutions)...and Oanda would work just fine.

Just my 2 cents
Quoting joelcf
That's his misinterpretation. You called it right. It wasnt a BUOB in candle, bar, or dogs-stacked-head-to-tail form.
you have one of the best signatures Joel..!(i always wanted to say this )

doing things silently is always the best way...

i try to apply it more n more & it only comes from reminding myself of ur signature.(though i dont talk beyond my needs )
Quoting AvanishDemo
you have one of the best signatures Joel..!(i always wanted to say this )

doing things silently is always a the best way...

i try to apply it more n more & it only comes from reminding myself of ur signature.(though i dont talk beyond my needs )
Wish I could take credit, but its a quote from the greatest movie ever made - The Good, The Bad and The Ugly.

My biggest weakness used to be being unsure of myself, second guessing, wanting 23 independent opinions, etc before i acted; kind of an excuse to blame other people if things didnt work out, I guess. In the end though, hesitation gets you killed. Dont see Bear Grylls asking the internet for advice everytime he wants to kill, eat or pee on something (generally the latter).

Glad you like it
When you have to shoot, shoot. Dont talk.
Quoting joelcf
Wish I could take credit, but its a quote from the greatest movie ever made - The Good, The Bad and The Ugly.

My biggest weakness used to be being unsure of myself, second guessing, wanting 23 independent opinions, etc before i acted; kind of an excuse to blame other people if things didnt work out, I guess. In the end though, hesitation gets you killed. Dont see Bear Grylls asking the internet for advice everytime he wants to kill, eat or pee on something (generally the latter).

Glad you like it
Yes that was one of the greatest movies I've seen!
If I remember right, he will say these words in a minute
Attached Image
Quoting joelcf
lol.
Lol... that really sounds like some gobbledegook nonsense.

Quoting Adilius07
Yes that was one of the greatest movies I've seen!
If I remember right, he will say these words in a minute
Well picked
When you have to shoot, shoot. Dont talk.
Quoting Adilius07
Yes that was one of the greatest movies I've seen!
If I remember right, he will say these words in a minute
Hero calls followed by margin calls...
Does anyone here play Eve online? It's got all kinds of trading related stuff in it like donchian channels and day trading and arbitrage and stuff. Oh and spaceships with online PVP

Think I've found a way of occupying myself when there aren't any setups..
Anything can happen.
for your weekend viewing

Josh Waitzkin
on Chess, Martial Arts, Eastern Philosophy, taking losses, eternal learning

Inserted Video


hope u get something from it
Quoting novice198
Hi Mike,
Thanks for the clarification. It sure does reduce the risk as weel as the upside. But as they say in this game, "Manage the downside, the upside will take care of itself".

On another note, when I see many opportunities on the same day, I feel very very happy, but the thought that more entires mean I could end as a very very sad person, keeps me out from over trading. Take the best one of the available opportunities.
Cheers
Novice
Hey novice

Yep good stuff. I got stopped out on the aud/sgd not by much before it turning, gbp/nzd missed my stop so still see if I can ride that one down. But limiting my risk kept me comfortable the whole time. Very important to me to make rational decisions

Best
Mike
Deja vu, all over again . . .

Does this look familar guys ? . . .
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: cadnov07.jpg Size: 84 KB
Indicators show the past. Price Action "Indicates" the future.
Quoting jarroo
Deja vu, all over again . . .

Does this look familar guys ? . . .
guessu dont trade this? : p
Hero calls followed by margin calls...
Quoting jarroo
Deja vu, all over again . . .

Does this look familar guys ? . . .
Here's one I made earlier!
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.jpg Size: 181 KB
Quoting joelcf
...Dont see Bear Grylls asking the internet for advice everytime he wants to kill, eat or pee on something (generally the latter).
Nice analogy only you got it in the wrong order: pee, kill, eat
Quoting ddinnov
Does anyone here play Eve online? It's got all kinds of trading related stuff in it like donchian channels and day trading and arbitrage and stuff. Oh and spaceships with online PVP

Think I've found a way of occupying myself when there aren't any setups..
it's a... very long time investment
Quoting PhAnTi'
guessu dont trade this? : p
Guess again . .sure I'll trade this . .
Indicators show the past. Price Action "Indicates" the future.
Quoting Chelski
Here's one I made earlier!

Same with the Gbp/Chf . .
Indicators show the past. Price Action "Indicates" the future.
Quoting jarroo
Deja vu, all over again . . .

Does this look familar guys ? . . .

So let's see how the Weekly Usd/Cad Nov. 2007 behaved when it broke . .

We have our immediate targets (previous bar Highs and Lows) Price broke through them and closed above them on the Weekly . .nice.

On the Daily, Price broke and close above and the 1st Weekly target . .Price then retraced a bit but still managed to close above the 1st Weekly target and then did the same with the 2nd target . .
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: cadnov07wwdd.jpg Size: 80 KB
Indicators show the past. Price Action "Indicates" the future.
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