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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

  • #4,881
  • Jul 23, 2007 3:33pm Jul 23, 2007 3:33pm
Quoting Tiki Trader
Can anyone suggest some free charting program that has more pairs ?? You guys are trading other pairs but MT4 does not have them... I don't even have EUR/CAD...

Yes, I know I am cheap... but I am still poor too... !!!

My oanda has all the good pairs, but the charts suck...

THX
Tiki I think Seeking said that the North Finance mt4 has other pairs, Im not sure but check it out...Raz
Never say never.
  • #4,882
  • Jul 23, 2007 4:17pm Jul 23, 2007 4:17pm
WOW !!! Sorry about that !!! I didn't even know there WERE so many pairs !!!

THX !!!
  • #4,883
  • Jul 23, 2007 4:45pm Jul 23, 2007 4:45pm
Quoting Tiki Trader
Can anyone suggest some free charting program that has more pairs ?? You guys are trading other pairs but MT4 does not have them... I don't even have EUR/CAD...

Yes, I know I am cheap... but I am still poor too... !!!

My oanda has all the good pairs, but the charts suck...

THX
Open the "market watch" bar on the left, and be sure you're in the "symbols" tab. Right click and select "show all." That should do it.
  • #4,884
  • Jul 23, 2007 4:49pm Jul 23, 2007 4:49pm
Quoting aquastearn
Did anyone else catch this? Waking up past T/P of 50+ pips always makes for a good wake up call!

Been live for 3 weeks, with 6 out of 7 trades closing winners for + 227 pips so far. Thanks to all contributors, and of course to Jim and Fiji. Focusing on M.M. techniques along with the proper psychology, and applying this to the 'Rifle Shots' mantra that Jim is famous for will lead toward the rarely taken road to trading success.

Trading less is definately more....THANKS JIM!!
Yes aqua, I got in on this yesterday too. Thanks for pointing out that it was at a retrace level, didn't see that.

http://www.forexfactory.com/showpost...73&postcount=8
  • #4,885
  • Jul 23, 2007 6:13pm Jul 23, 2007 6:13pm
I see a DBLHC on USD/CHF daily... in a good place where price looks like it should go higher too...???

Price bounced right off 23.6 fib from 1.2468... if we can get above that... good LONG maybe
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  • #4,886
  • Jul 23, 2007 6:23pm Jul 23, 2007 6:23pm
Price's sliding down the old TL.
It is resting right now on 50fib and PP..

.
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  • #4,887
  • Jul 23, 2007 6:51pm Jul 23, 2007 6:51pm
Nice bearish outside daily bar on that one, too. It may bust through.

Quoting raczekfx
Price's sliding down the old TL.
It is resting right now on 50fib and PP..

.
Life is too short to have anything but delusional notions about yourself.
  • #4,888
  • Jul 24, 2007 2:44am Jul 24, 2007 2:44am
It's going against the trend so maybe a no go !!! but a nice TBHLC if it breaks the shoter term TL then mayb down to long term TL......???
Would give a nice 270 pips......
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  • #4,889
  • Jul 24, 2007 2:46am Jul 24, 2007 2:46am
long TL
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  • #4,890
  • Jul 24, 2007 3:15am Jul 24, 2007 3:15am
Quoting mimas
long TL
I'm already short this from 249.35 with another order to double up at 248.40...
  • #4,891
  • Edited 3:54am Jul 24, 2007 3:40am | Edited 3:54am
Quoting raczekfx
Price's sliding down the old TL.
It is resting right now on 50fib and PP..

.
Since I just posted this elsewhere, here it is for this thread as well

There was an IB on daily at/after that doji which would have meant a ride all the way down from it.
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Trust price. Know yourself.
  • #4,892
  • Jul 24, 2007 3:48am Jul 24, 2007 3:48am
Quoting mimas
It's going against the trend so maybe a no go !!! but a nice TBHLC if it breaks the shoter term TL then mayb down to long term TL......???
Would give a nice 270 pips......

I'm realizing more and more that 27 USDJPY pips are a lot more preferable to 270 on GBPJPY
Mildly exaggerated.

(read: GBPJPY is an uncontrollable and unpredictable beast and given USD weakness and GBP strength, which would you rather ride? To illustrate: the last drop of USDJPY was 108 pips. The corresponding move on GBPJPY was only 150 pips. Stops on USDJPY are only HALF the size and spread is half as well. Which one is really the better performer in this case?)
Trust price. Know yourself.
  • #4,893
  • Jul 24, 2007 7:53am Jul 24, 2007 7:53am
Here you have an mbq special three day pin...nice drop from just under...Raz
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Never say never.
  • #4,894
  • Jul 24, 2007 7:54am Jul 24, 2007 7:54am
yay more pips for CAD!!
100% of traders are losers. Just that some win more than they lose!
  • #4,895
  • Jul 24, 2007 8:06am Jul 24, 2007 8:06am
Quoting razldazl
Here you have an mbq special three day pin...nice drop from just under...Raz
Have I missed something here? Why would you enter short beneath a "three day pin" when you can enter short from just under the "one day" pin for more pips?
  • #4,896
  • Jul 24, 2007 8:16am Jul 24, 2007 8:16am
Anyone here still in the original position?

1. First entry on break beneath pin

2. Second entry (position size doubled) on break beneath support

This didn't hold so no more added.

Stop now at red line.
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  • #4,897
  • Jul 24, 2007 8:21am Jul 24, 2007 8:21am
Quoting the_wizard
Have I missed something here? Why would you enter short beneath a "three day pin" when you can enter short from just under the "one day" pin for more pips?
Yes, I was in the first one, but I got knocked out ...so this was just another opportunity I noticed and took advantage of, Raz
ps, this is the 3rd cad position Ive taken in the last few weeks, Ive been knocked out every time trailing by day before high...anyway live and learn
Never say never.
  • #4,898
  • Jul 24, 2007 8:32am Jul 24, 2007 8:32am
Quoting razldazl
Yes, I was in the first one, but I got knocked out ...so this was just another opportunity I noticed and took advantage of, Raz
ps, this is the 3rd cad position Ive taken in the last few weeks, Ive been knocked out every time trailing by day before high...anyway live and learn
Yep, the xxxCAD can be mean.

Note that yesterday was an IB that broke down today, that would also have worked as a trade / entry, although it's all very stretched..

Me no likey xxxCAD...

Don't beat yourself up over this razldazl, that's what we're all here for, living, trading, learning
Trust price. Know yourself.
  • #4,899
  • Jul 24, 2007 9:41am Jul 24, 2007 9:41am
Quoting SeekingLight
Yep, the xxxCAD can be mean.

Note that yesterday was an IB that broke down today, that would also have worked as a trade / entry, although it's all very stretched..

Me no likey xxxCAD...

Don't beat yourself up over this razldazl, that's what we're all here for, living, trading, learning
Thks Seeking,
Yeah we cant win them all! I didnt even notice that IB, did you see the dblhc on your gbpchf? Looks like it wants to keep going up, although its hit the FE100 now...the ej beob panned out, and jappy(beob) seems to be dropping, the eurusd buob hasnt gone anywhere (guess which one I took...)
Wizard sounds like you are a new trader, taking a lot of good ones these days from the sounds of it, great work! Take care everyone,Raz
Never say never.
  • #4,900
  • Jul 24, 2007 10:44am Jul 24, 2007 10:44am
Quoting razldazl
Thks Seeking,
Yeah we cant win them all! I didnt even notice that IB, did you see the dblhc on your gbpchf? Looks like it wants to keep going up, although its hit the FE100 now...the ej beob panned out, and jappy(beob) seems to be dropping, the eurusd buob hasnt gone anywhere (guess which one I took...)
Wizard sounds like you are a new trader, taking a lot of good ones these days from the sounds of it, great work! Take care everyone,Raz
It slipped past me, too. Well, or rather I saw it but didn't pend a short. Don't ask me why, I must disdain easy pro-trend money. No idea.

I don't have an exact match of the lows for GBPCHF.
I prefer looking at weekly / monthly bars for current "main" direction lately.

Added a bit however after the pseudo-PB-which-was-really-just-a-dent-bar-at-prior-highs, which already was closed at 2.4880 ahead of s/r.
Was handy to have that bar however as it gave a close by stop =)

Currently looking for a decision towards the high or at least the building of a base camp on that. Bit conflicting as I'd also love the USD to fall off a cliff and that'd drag USDCHF along once the real crush comes...Oh well, can't have it all.

The lower positions that I still have are destined for 2.4900 / 2.5000 if we can meet that. 2.4898-2.4930 I have pencilled in as s/r, so waiting to see what forms.


Yea, EURUSD hasn't been very rewarding, neither the IB nor the BUOB.
The reason for this is - in my opinion - that EURUSD is the core component for the USD Index and that is currently on the brink of 80.00 key support. A lot of eyes are turned on this and a lot of people are screaming "the dollar is oversold".

Maybe those are also the folks constantly selling into every new 5-10 pip high we get on EURUSD.

If we do eventually drop off without hitting 1.39 / 1.4 first, I'm going to be sure to be looking for any signs of long setups at the appropiate places.


Sorry that I'm so longwinded. Keeping a journal does that to me I've found, you tend to thoroughly explain and formulate your thoughts into text...which considering my overactive mind means a lot of text in turn...
Trust price. Know yourself.
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