Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

Quoting Greenhaze
Nice chart there Raczek and some neat trade management.
Could you explain step by step how did you plan , execute and manage this trade from the beginning?

Sure....

1st short entry @ my favorite setup (it's been shown many times in this thread)
2nd short entry @after 4hr PB hinted possible shift in speculator's view on this cross (kind of what we see with fiber on daily right now)
3. initial stop few pips above 61fib (I almost got taken out)
4. manually trail stop above daily bar's high.
5. The most important one. Do not listen to others and their views....98% out of time... they are wrong...
If I read and contemplated on every post placed recently in this thread, I would get huge headache and would probably question myself every 5secs....
Have your game plan ready. Set your stops and partial profit (to reward yourself) and execute your plan.. It's as simple as that.

This year I slowly walked away from intra-day trading (I still do it a lot) and moved towards swing trading. My next swing positions are/will be on u/j, e/j, g/j, g/chf, e/u and eur/gpb. Have a good one
Quoting bundyraider
A few reasons to not take that daily pin and actually look for an entry in line with the weekly signal... ( )

Gotta watch those trend lines people.

(I see these as one of the least risky of setups... Real decent PA confirmation after a trendline break. OK Pic says DBHLC but technically a BEOB. I trade them the same way anyway. lol)

PA can also help support a given set-up on different time frames.

Nicely presented Bundy.
Indicators show the past. Price Action "Indicates" the future.
Quoting johnbaem
Davema,

Thanks but i can you show better explanation in charts??? Thanks much!!!
John,

Sorry for the late reply. Looking at this chart you can see that monday (marked by the red arrow) was inside friday's range (marked by the red lines). Ignore sunday's bar marked by the yellow arrow. I hope this clears things up.

Also note, that so far today's range is inside of monday's. No doubt due to the lack of volume due to the holidays.
Take care,
Dave
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_06 Dec. 23 11.49.gif Size: 11 KB
Hello, I think there is now an oppurtunity to enter the gbpusd weekly pin. We have a BEOB on the level which was holding. What do you think ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.gif Size: 11 KB

Waiting for santa to bring my next trade...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro53.gif Size: 13 KB
Click to Enlarge Name: gbp17.gif Size: 12 KB
Merry Christmas everybody !
This year I've found this thread, man i tell you, it's gold!
We have BEST system, we work in BEST businness in this world.
Your dreams can come true next year, I will work hard to done it.
You guys here are great and friendly. thanks all.
I'll try to do my best and post m5 charts.
See ya guys!
Good job man, nice :-)

Quoting stoli7188
Just missed the first one due to not being at my PC but caught the second one. Price took off right away on both of them, the second trade was +20 (first would've easily been the same). Not as pretty as some other days but both pins off middle BB with the trend and there's a clear PPZ as well.
Trying to get caught up after being away for a few days and this is the one that made me smile the biggest. (not the only smile as i smile a lot when i read the old timers posts. i am very thankful for all of them and they know who they are).

Another year in the books for this thread and i think it met its purpose once again.

WE helped people find a little light in this dark business.

I would like to honour the old timers that make this thread what it is but im afraid i would miss someone so i will just say thanks from the bottom of my heart for what you do. as i said before you know who you are and so do i.

HAPPY HOLIDAYS AND A MERRY XMAS TO ALL,

JIM






Quoting Jankone
Merry Christmas everybody !
This year I've found this thread, man i tell you, it's gold!
We have BEST system, we work in BEST businness in this world.
Your dreams can come true next year, I will work hard to done it.
You guys here are great and friendly. thanks all.
I'll try to do my best and post m5 charts.
See ya guys!
The last trade I entered was this one last Thursday and the only trading I'm doing is by managing this particular one. So while I've got a clear example already drawn up on my screen from yesterdays post........

There's a handful of people here that have asked how I manage my stops , and you can't send pics through PM (??).

I tend to trail behind pivot zones that have been proven (as well as tripple top bars , IBs etc). This chart should give you an idea of what I was talking about with the pivot zone trailing component.

The bottom 'pink' support hasn't been proven as a pivot yet, so my stop is still trailing behind the previous one that HAS been proven.
This looks like I am willing to give back a lot of my profits, but I'm not. I've taken profit twice in this case, so I've made a good chunk already and have no problems keeping a conservative safe stop for the rest. The last and final pre-planned take profit was at the just touched major PPZ at 1.5150.

The first take profit was at the support line defined by the BEOB at around the 1.5300 area , defined here by the first pink line ( this later proved itself to be a PPZ when price returned and was rejected ). On a retrace entry (50% line of beob here, but is often even better ) this is my my first TP if I think the position on the chart warrants it. On a really top-notch set up I won't take profit until I hit a strong PPZ OR get price action that tells me to exit. Usually something resembling an opposite direction signal.

The position sizes I use and how much I take off is still a work in progress. LOL
....If I were to have a major task for next year it's going to be to work on refining that aspect of my trading further. My brain boggles with ideas, .......as always. LOL

I'm a firm believer in everyone finding their own style of trade management. To me it's totally about what keeps your mind in a well reasoned state and you need to find the method that gives you that. Start off with the most account friendly version first and develop from there.

.
Attached Image
Bundy's status today: "Waiting..."
Merry Christmas to all!!!

I wanna thank god to discover this thread and, like Jim says: "helped a lot of people find a little light in this dark business.", including me.

And, of course, I wanna thank, again, all people here that make this thread better day by day!!

This year was a great year for my trading carreer because of you!

Now, I will stay at the side line and wait to trade anly next year

Happy Holidays!
Quoting raczekfx
5. The most important one. Do not listen to others and their views....98% out of time... they are wrong...
If I read and contemplated on every post placed recently in this thread, I would get huge headache and would probably question myself every 5secs....
Amen!!

I personally approach it from an arrogant point of view and stubbornly hold to my own thoughts on set ups. LOL

It's always worth taking note of what others are saying though, because you often do find something you missed on a chart and there's also no end to the learning.
Bundy's status today: "Waiting..."
Quoting james16
HAPPY HOLIDAYS AND A MERRY XMAS TO ALL,

JIM
Ditto bud.

Love this time of year. Friends and Family.

Can't wait to catch up with everyone who's back in town down the pub tonight too!

Catch y'all in the new year!
Bundy's status today: "Waiting..."
Happy Holidays.
PLEASE: Return ALL our members after the holidays. Thank You.

Sorry Jim; Not trying to speak for you; but the Blue and Pink thing just wasn't working for me.
Attached Image
Thanks for this thread, Jim and thank you to everyone that keeps this going. For any newbie that hasn't done so, read through this entire thread. I realize how enormous it is, but its worth it. I've learned so much from the different approaches to PA. Can't wait to join the PF one of these days. Happy holidays to all.
Merry Christmas!
It looks like the EUR/USD went to sleep. Time for a break...
Happy Holidays and safe and healthy new year to my old and new friends here!

Another year and thanks to James profitable trading

2009 full steam ahead
Yes!

Holiday Best Wishes Everyone!

Merry Christmas and a Happy New Year

Thanks all for the keeping the thread rocking.
omg you made me laugh. every xmas eve i sit down around the tree with my family, a warm fire and my dean martin xmas classics. its a tradition in my house. Dean Martin is perhaps my favorite all time performer/singer.

Quoting Bemac
Happy Holidays.
PLEASE: Return ALL our members after the holidays. Thank You.

Sorry Jim; Not trying to speak for you; but the Blue and Pink thing just wasn't working for me.



Quoting LordElessar
Merry Christmas to all!!!

I wanna thank god to discover this thread and, like Jim says: "helped a lot of people find a little light in this dark business.", including me.

And, of course, I wanna thank, again, all people here that make this thread better day by day!!

This year was a great year for my trading carreer because of you!

Now, I will stay at the side line and wait to trade anly next year

Happy Holidays!
17 traders viewing now