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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

  • #4,621
  • Jul 16, 2007 3:56pm Jul 16, 2007 3:56pm
and another aud pair
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  • #4,622
  • Jul 16, 2007 3:57pm Jul 16, 2007 3:57pm
Quoting mbqb11
well im already short, so I will be different
Doh! Hehehehe...well I can't betry my Kiwi long ;p
Admittedly, AUDNZD is crashdiving, so there you go, we can both have our cake AND eat it ;p
And you're cheating, that's a North Finance feed PB, I don't watch those ;p
Trust price. Know yourself.
  • #4,623
  • Jul 16, 2007 3:58pm Jul 16, 2007 3:58pm
Quoting SeekingLight
Doh! Hehehehe...well I can't betry my Kiwi long ;p
Admittedly, AUDNZD is crashdiving, so there you go, we can both have our cake AND eat it ;p
And you're cheating, that's a North Finance feed PB, I don't watch those ;p
lol I stopped for awhile, but after missing a bunch of nice ones on this feed I am back too it now(especially that usd/cad one)
  • #4,624
  • Jul 16, 2007 4:02pm Jul 16, 2007 4:02pm
Quoting mbqb11
lol I stopped for awhile, but after missing a bunch of nice ones on this feed I am back too it now(especially that usd/cad one)
Tell me about it. I bitched and moaned about missing that one in my Journal enough, so I'll be content that I got the daily entry instead. Now if someone could tell the players to resume selling USD please, I want to get to levels where I can ditch my positions
Trust price. Know yourself.
  • #4,625
  • Edited 4:22pm Jul 16, 2007 4:20pm | Edited 4:22pm
Quoting mbqb11
and another aud pair
hi mb - dont you treat the audcad trade asa risky since it is near 150 & 365 ema's?
and also near a pivot zone - but still from the wrong side of it...

explain it to me please

thanks

Michael


i added image here
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  • #4,626
  • Jul 16, 2007 4:24pm Jul 16, 2007 4:24pm
Quoting mamutot
hi mb - dont you treat the audcad trade asa risky since it is near 150 & 365 ema's?
and also near a pivot zone - but still from the wrong side of it...

explain it to me please

thanks

Michael


i added image here
For my 4hour trading I don't pay attention to PPZs or emas the same way others do. I use that stuff for my entry criteria. But if a PA bar meets my entry criteria, that is all that matters. Daily/weekly charts is different

Best,
Mike
  • #4,627
  • Jul 16, 2007 4:53pm Jul 16, 2007 4:53pm
Hi Folks,

Just wanted to post this text book S/R breakout I took on this pair.

Point A is a nice almost PB that took us back to our most recent highs. Also notice the TBH that ocurred at point B.

I placed a buy stop just above and currently running at +50. I have taken partial profits and moved my stop to BE. Hopefully I will get a little more out of this one but if not, remember the golden rule "never let a winner become a loser!"

Steve
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Nothing is impossible, with a willing mind!
  • #4,628
  • Jul 16, 2007 5:44pm Jul 16, 2007 5:44pm
Quoting mbqb11
well im already short, so I will be different
Well at least your pin bar is very diferent than mine, could it be due to timezone?
  • #4,629
  • Jul 16, 2007 5:45pm Jul 16, 2007 5:45pm
Quoting drtduarte
Well at least your pin bar is very diferent than mine, could it be due to timezone?
different data feeds yea
  • #4,630
  • Jul 16, 2007 5:57pm Jul 16, 2007 5:57pm
Quoting mbqb11
different data feeds yea
Here you have one sreen capture with metatrader and another one with my trading platform from saxobank.
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  • #4,631
  • Jul 16, 2007 5:58pm Jul 16, 2007 5:58pm
Saxobank platform
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  • #4,632
  • Jul 16, 2007 5:58pm Jul 16, 2007 5:58pm
Quoting drtduarte
Here you have one sreen capture with metatrader and another one with my trading platform from saxobank.
yeah it all depends on your brokers timezone. Remember tho, price is still price. Nothing is different, just our view. A brokers charting platform is just a box through which we view price.

Mike
  • #4,633
  • Jul 16, 2007 6:02pm Jul 16, 2007 6:02pm
What is your timezone, just to check I'm able to change it
  • #4,634
  • Jul 16, 2007 6:04pm Jul 16, 2007 6:04pm
Quoting drtduarte
What is your timezone, just to check I'm able to change it
I use IBFX and north finance...IBFX daily closes at 8pm eastern and north finance i forget maybe 6pm eastern
  • #4,635
  • Jul 16, 2007 6:19pm Jul 16, 2007 6:19pm
Quoting mbqb11
I use IBFX and north finance...IBFX daily closes at 8pm eastern and north finance i forget maybe 6pm eastern
Thanks for your help.

But it's not fair I'm waiting for a PB already for a week... lol
  • #4,636
  • Jul 16, 2007 6:20pm Jul 16, 2007 6:20pm
Quoting drtduarte
Thanks for your help.

But it's not fair I'm waiting for a PB already for a week... lol
most of trading is waiting, trading is extremely boring
  • #4,637
  • Jul 16, 2007 6:26pm Jul 16, 2007 6:26pm
Quoting mbqb11
most of trading is waiting, trading is extremely boring
Yeah, I agree, that's why I have two more jobs that I can manage at the same time
  • #4,638
  • Jul 16, 2007 6:31pm Jul 16, 2007 6:31pm
OK, so what are we thinking about daily pin bar on GBP/USD???

And what about that triple bar thingy right before it ???

I say I trade it but only for about 20 pips..., then close out half the trade and hope it really goes to about 2.0219 at 23.6 fib line...

But then, I am really worried about th triple high bar deal...

Thanks for thoughts... !!!
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  • #4,639
  • Jul 16, 2007 6:41pm Jul 16, 2007 6:41pm
The weekly 23.6 fib (9611) from Nov. 2005 to current is at the 21 ema which it seems to retrace to and bounce.
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  • #4,640
  • Jul 16, 2007 6:55pm Jul 16, 2007 6:55pm
Quoting goodthings
The weekly 23.6 fib (9611) from Nov. 2005 to current is at the 21 ema which it seems to retrace to and bounce.
Sorry sir but your fib is not correctly drawn. You drew from the current high and make refference to a previous level. Must be next way around. Previous high and current level or a level AFTER the high
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