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

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  • Post #6,381
  • Quote
  • Sep 24, 2007 8:55pm Sep 24, 2007 8:55pm
  •  HipsterPipster
  • Joined Feb 2007 | Status: POP FIAT FASCISM | 1,106 Posts
Going long on a nice over extended daily pin.
 
 
  • Post #6,382
  • Quote
  • Sep 24, 2007 9:08pm Sep 24, 2007 9:08pm
  •  Unforeseen
  • | Joined Oct 2006 | Status: Member | 117 Posts
Here is the ending of my 4H geppy trade after a nice pin. 50% and trendline exit.

It bounced it with precision, I took profit right at the 50.
Attached Image
To be one with the market, you must first be one with yourself.
 
 
  • Post #6,383
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  • Sep 24, 2007 9:10pm Sep 24, 2007 9:10pm
  •  HipsterPipster
  • Joined Feb 2007 | Status: POP FIAT FASCISM | 1,106 Posts
Quoting Unforeseen
Disliked
Here is the ending of my 4H geppy trade after a nice pin. 50% and trendline exit.

It bounced it with precision, I took profit right at the 50.
Ignored
Thats what I'am talking about. Nice!
 
 
  • Post #6,384
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  • Sep 24, 2007 9:22pm Sep 24, 2007 9:22pm
  •  raczekfx
  • | Commercial Member | Joined Oct 2005 | 2,899 Posts
Quoting raczekfx
Disliked
I hear you...that's why, I acted when it formed on 1hr TF.
I'm a bit more aggressive ...
Ignored
Trade taken on 1hr, should be closed on 1hr timeframe as well.
One of the reasons for exit could be back to tunnel on vegas1hr, 50fib and TL confluence....
Someone could also spot PPZ and other goodies from PF... (not plotted on this chart) ..

.
Attached Image
 
 
  • Post #6,385
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  • Sep 25, 2007 3:15am Sep 25, 2007 3:15am
  •  Renefx
  • | Joined Dec 2006 | Status: Member | 55 Posts
Hay to All,

As a Newbie, would like to ask a kind Coder to program an Indicator

that will draw horizontal lines when Double Bar of the same Low or High Level

is formed.

Attached chart for reference and an Indicator that could be possibly modified.

Thanks,

Rene
Attached Image
Attached File
File Type: mq4 Support Resistance.mq4   9 KB | 1,161 downloads
 
 
  • Post #6,386
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  • Sep 25, 2007 3:37am Sep 25, 2007 3:37am
  •  SeekingLight
  • Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Quoting raczekfx
Disliked
Trade taken on 1hr, should be closed on 1hr timeframe as well.
One of the reasons for exit could be back to tunnel on vegas1hr, 50fib and TL confluence....
.
Ignored
I think I probably woulda tried to held it at least until a 4h PB or better..but what am I saying, I was long all along ;p

Just wanted to say it's now past basically almost all of my "tolerance" levels..meh...not playing nice. Same thing as happened on USDCAD if anyone remembers(1.08 I believe it was) - TL, doji/PB => drop.

--

USDX made a pin bar yesterday at a gigantic projection of mine - had me a weeeee bit worried. Closed out 60% of my cable longs(remainder stopped +0) a little bit below of where I began the week, but for all the pain cable has caused, at least my rantings about USDCAD and EURUSD are getting a go after 50000000000 CluelessNBC and Doomberg and analysts and whatnot said "USDCAD is the best sell now more than ever, the USD is dead meat, 1.50 EURUSD is coming tomorrow, you will all see..."

I've said it before - when these people say sell, look to buy. They talked up Oil to 100$ and Gold to 1000$ a few days before both lost 30-50% total value..can't get more reliable forecasts than these...just invert most of what you read and you'll be alright ;P



Soooooooooooooo....USD rising, exotics diving, JPY looking robust...who submitted my stock index chart to Soros? Come on, admit it...someone musta put the $$$ greed flashes in his eyes and started the exotic selling

I'm just sitting here, asking myself: retrace to some solid s/r or beginning of the great unwind part 2?

Hm. this is really what normally goes in my journal...
I'll just copy it to there, too...if it's okay to keep these musings out here, too?
Trust price. Know yourself.
 
 
  • Post #6,387
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  • Sep 25, 2007 4:27am Sep 25, 2007 4:27am
  •  goodthings
  • Joined Aug 2006 | Status: Member | 1,852 Posts
See if we get a 4hr pin off of the weekly 38 fib and the weekly 21 ema.
Attached Image
 
 
  • Post #6,388
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  • Sep 25, 2007 4:29am Sep 25, 2007 4:29am
  •  goodthings
  • Joined Aug 2006 | Status: Member | 1,852 Posts
Weekly 21 ema
Attached Image
 
 
  • Post #6,389
  • Quote
  • Sep 25, 2007 4:35am Sep 25, 2007 4:35am
  •  SeekingLight
  • Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Quoting goodthings
Disliked
See if we get a 4hr pin off of the weekly 38 fib and the weekly 21 ema.
Ignored
Watching the same one
Trust price. Know yourself.
 
 
  • Post #6,390
  • Quote
  • Sep 25, 2007 6:51am Sep 25, 2007 6:51am
  •  the_wizard
  • | Commercial Member | Joined Jan 2007 | 1,442 Posts
I think GBP is only going down from here...was thinking of going short as reliable system triggered a short but I overrode
Please note: I cannot respond to PM's but you can email me via my profile.
 
 
  • Post #6,391
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  • Sep 25, 2007 7:52am Sep 25, 2007 7:52am
  •  HipsterPipster
  • Joined Feb 2007 | Status: POP FIAT FASCISM | 1,106 Posts
Completely rejected at 1.600.
 
 
  • Post #6,392
  • Quote
  • Sep 25, 2007 8:56am Sep 25, 2007 8:56am
  •  Tiki Trader
  • Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
yesterdays daily PB on GBP/USD as a head and shoulders on hourly
Attached Image (click to enlarge)
Click to Enlarge

Name: gbpusd.gif
Size: 11 KB
 
 
  • Post #6,393
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  • Sep 25, 2007 9:11am Sep 25, 2007 9:11am
  •  raczekfx
  • | Commercial Member | Joined Oct 2005 | 2,899 Posts
Quoting SeekingLight
Disliked
I think I probably woulda tried to held it at least until a 4h PB or better..but what am I saying, I was long all along ;p
....
Ignored
Nah,not me... You know me better, I'm in and out for a quick 100-140 daily scalps...
Only last half or third P.gets trailed.
 
 
  • Post #6,394
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  • Sep 25, 2007 9:12am Sep 25, 2007 9:12am
  •  Goozman
  • | Joined Jun 2006 | Status: FX Hitman. | 117 Posts
That's a 4h Pin bar off some small fib confluence.

Trade ideas: long while price > 2.0090, close and short below 2.0090.
Attached Image (click to enlarge)
Click to Enlarge

Name: cable.gif
Size: 12 KB
 
 
  • Post #6,395
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  • Sep 25, 2007 9:19am Sep 25, 2007 9:19am
  •  the_wizard
  • | Commercial Member | Joined Jan 2007 | 1,442 Posts
Quoting HipsterPipster
Disliked
Completely rejected at 1.600.
Ignored
Are you still looking at AUD/CAD?

I am going to make some good money on this pair, this week. I am determined.
Please note: I cannot respond to PM's but you can email me via my profile.
 
 
  • Post #6,396
  • Quote
  • Sep 25, 2007 9:22am Sep 25, 2007 9:22am
  •  raczekfx
  • | Commercial Member | Joined Oct 2005 | 2,899 Posts
Quoting Goozman
Disliked
That's a 4h Pin bar off some small fib confluence.

Trade ideas: long while price > 2.0090, close and short below 2.0090.
Ignored
... and 2.0195/0205 is where I would consider taking partial profit and look for opportunity to go short. It's also around 50fib of ret.
This is only my inexperienced mumbling though, so please pay no attention...
Attached Image
 
 
  • Post #6,397
  • Quote
  • Sep 25, 2007 9:34am Sep 25, 2007 9:34am
  •  SeekingLight
  • Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Quoting raczekfx
Disliked
... and 2.0195/0205 is where I would consider taking partial profit and look for opportunity to go short. It's also around 50fib of ret.
This is only my inexperienced mumbling though, so please pay no attention...
Ignored
You, dear sir, have a serious USD fetish!

Hehehehehe...


Meantime, I'm blue....

Anything can happen! As the wheel turns...
Attached Image (click to enlarge)
Click to Enlarge

Name: gbpusd_2509007_blue_cable.gif
Size: 27 KB
Trust price. Know yourself.
 
 
  • Post #6,398
  • Quote
  • Sep 25, 2007 9:37am Sep 25, 2007 9:37am
  •  raczekfx
  • | Commercial Member | Joined Oct 2005 | 2,899 Posts
Quoting SeekingLight
Disliked
You, dear sir, have a serious USD fetish!

Hehehehehe...


Meantime, I'm blue....

Anything can happen! As the wheel turns...
Ignored
... i'm only some 120km from the border, so... I hope you understand
 
 
  • Post #6,399
  • Quote
  • Sep 25, 2007 10:10am Sep 25, 2007 10:10am
  •  raczekfx
  • | Commercial Member | Joined Oct 2005 | 2,899 Posts
Impressive performance for the last 4 weeks... without correction..:surprised
few more pips, few more pips..
Attached Image
 
 
  • Post #6,400
  • Quote
  • Sep 25, 2007 10:13am Sep 25, 2007 10:13am
  •  the_wizard
  • | Commercial Member | Joined Jan 2007 | 1,442 Posts
Glad I didn't take that daily cable pin!

Who took that and how are you reacting?
Please note: I cannot respond to PM's but you can email me via my profile.
 
 
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