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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 PhAnTi'
another 200 pip down today to get a BEOB ? why not

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BEOB on the chfjpy weekly

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Hero calls followed by margin calls...
2 questions for traders way more experianced than me

1. I highlighted 2 pinbar (red arrows). The second one appears a few days after the first one... does it make the difference?

2. I entered my positions but after a few days, nothing is really happening.
Do you close the trade after x days if it isn't going anywhere?
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Quoting AQs
2 questions for traders way more experianced than me

1. I highlighted 2 pinbar (red arrows). The second one appears a few days after the first one... does it make the difference?

2. I entered my positions but after a few days, nothing is really happening.
Do you close the trade after x days if it isn't going anywhere?
dont undersdtand the first one, please clarify...

regarding the second, we dont like no volatilitiy as james uses to say it
Hero calls followed by margin calls...
Quoting AQs
2 questions for traders way more experianced than me

1. I highlighted 2 pinbar (red arrows). The second one appears a few days after the first one... does it make the difference?

2. I entered my positions but after a few days, nothing is really happening.
Do you close the trade after x days if it isn't going anywhere?
2/ you entered the trade right in a support zone. Have a look at the last highs. The price can stuck there.

1/ Phanti said enough
Follow my trading on Twitter and FB: @pumlitch
Quoting PhAnTi'
dont undersdtand the first one, please clarify...

regarding the second, we dont like no volatilitiy as james uses to say it
Sorry for my bad english buddy...
The first pinbar on 28th July while the second one on the 9th August.. I was wondering if there are some other conditions to play pinbars. Let's say " don't take 2 pinbars in a few days"...


Regarding volatilty... what is your advice for my actual trade?
Quoting AQs
Sorry for my bad english buddy...
The first pinbar on 28th July while the second one on the 9th August.. I was wondering if there are some other conditions to play pinbars. Let's say " don't take 2 pinbars in a few days"...


Regarding volatilty... what is your advice for my actual trade?
nah ur english is ok buddy, didint notice that you are refer to the pinbars,

well if entered short at market open the trade was good for ~ 100 pips and ur stops should be at BE right now, all in all price approached some strong support levels on the daily/weekly, see black line on my chart. we should see lower areas if we cross below, otherwise try to move stops to be and let the market decide

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Hero calls followed by margin calls...
Quoting PhAnTi'
nah ur english is ok buddy, didint notice that you are refer to the pinbars,

well if entered short at market open the trade was good for ~ 100 pips and ur stops should be at BE right now, all in all price approached some strong support levels on the daily/weekly, see black line on my chart. we should see lower areas if we cross below, otherwise try to move stops to be and let the market decide

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Many thanks...
Moved my stop loss to BE now... just to understand... I managed to be in a free trade now, but the price is approching a support level, and that's why it could be stop moving... that's why you would move stop loss to BE and take a small profit?
Suppose there wasn't any support withing 1000 pips, would you move stop loss to BE and take only a few pips profits?

Again ty and sorry for my noobness
Quoting AQs
2 questions for traders way more experianced than me

1. I highlighted 2 pinbar (red arrows). The second one appears a few days after the first one... does it make the difference?

2. I entered my positions but after a few days, nothing is really happening.
Do you close the trade after x days if it isn't going anywhere?
i had a similar scenario, i put in a trade on the audjpy pinbar last week, if you look it has been all week and into today but it still played out and i have taken profits at plus 60 pips. I think i did well considering the markets behaviour last week, so i would say its still in play if it has not broken the opposite end of the pinbar.
Quoting AQs
Many thanks...
Moved my stop loss to BE now... just to understand... I managed to be in a free trade now, but the price is approching a support level, and that's why it could be stop moving... that's why you would move stop loss to BE and take a small profit?
Suppose there wasn't any support withing 1000 pips, would you move stop loss to BE and take only a few pips profits?

Again ty and sorry for my noobness
Well first of all you should consider that you trade a daily timeframe here. Before you enter a trade ( in this case u shorted chfjpy after a beob on the weekly ) you need to define fix targets and stop levels. If you are 50+ pips in profit you might move your stop to BE and bank some of your profits, then you've got a free runner and some cash in the bank.

We always try to move stops to be, independed of supports and resistance.
There always will be support and resistance somewhere, so try to get good r:r trades and bank at those levels.
Hero calls followed by margin calls...
Quoting Crane80
Hey Mike,

Do you suggest to add stocks and equities to a newbee's watchlist? Or should one stick to fx till the foundation is solid? Because I have been contemplating the same thing for some time now.

Thanks.
Hey Crane

I see nothing wrong with adding other markets. I think it allows one to be more picky, same as adding more FX pairs to watch. Just be sure to demo trade everything and stick to those j16 min requirements while building that foundation


Best
MIke
Pin bar just formed on 4hr EURUSD at resistance level of about 1.4440. Entry Short is at 1.4430. Thoughts?
Quoting toafdawg
Pin bar just formed on 4hr EURUSD at resistance level of about 1.4440. Entry Short is at 1.4430. Thoughts?
EURUSD is trying to break the weekly bullish flag. Just mine.
Nothing personal,just business
Soemthing for BRN fans
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Quoting Greenhaze
Soemthing for BRN fans
ha! This was the chart I just had up on my screen, that's funny
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Quoting Greenhaze
Soemthing for BRN fans
Yeah! That is what I call HMGBRN (HyperMegaGigaBigRoundNumber)
Follow my trading on Twitter and FB: @pumlitch
es. good area for short 1250 to 1260.
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meine augen sind die sterne
Quoting mbqb11
ha! This was the chart I just had up on my screen, that's funny
I know Mike...my spy never sleeps....
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Quoting mbqb11
ha! This was the chart I just had up on my screen, that's funny
Mike,

As all the CHF Pin bars seemed to gap open way above 60+ in the case of the EUR no trade would get filled at +25-30. Given the pin bar is playing out would some form of continuation be looked for?
For example closing and holding at an FTA?
Quoting Chelski
Mike,

As all the CHF Pin bars seemed to gap open way above 60+ in the case of the EUR no trade would get filled at +25-30. Given the pin bar is playing out would some form of continuation be looked for?
For example closing and holding at an FTA?
There is a gap only on brokers with 22:00 BST sunday open. On Oanda all trade have been executed.
Quoting Greenhaze
I know Mike...my spy never sleeps....
that's why I have been sneezing all day
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