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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

  • #6,601
  • Sep 28, 2007 4:36am Sep 28, 2007 4:36am
Quoting the_wizard
You just jinxed this...seriously

I can't believe how you did that
Have you ever taken a pingpong ball and threw it into a narrow spot and watched it bounce back and forth untill it found it's way out? Just waiting.
  • #6,602
  • Sep 28, 2007 4:38am Sep 28, 2007 4:38am
I added another small lot at GJ 233.85. Its at BE for any crazyness.
  • #6,603
  • Sep 28, 2007 5:00am Sep 28, 2007 5:00am
Why I can't trade daily TF.

Two positions.

First one was + 138
Second one was + 93

I play by the rules - manage the trade on daily (since I took it on the daily TF) but I decide to get both to BE.

And down we go. I bet you anything this touches off my stops and then rises. I am going to walk away with nothing on this pair. I would actually like to bet money on this with someone.
  • #6,604
  • Sep 28, 2007 5:10am Sep 28, 2007 5:10am
Quoting the_wizard
Why I can't trade daily TF.

Two positions.

First one was + 138
Second one was + 93

I play by the rules - manage the trade on daily (since I took it on the daily TF) but I decide to get both to BE.

And down we go. I bet you anything this touches off my stops and then rises. I am going to walk away with nothing on this pair. I would actually like to bet money on this with someone.

Sounds like one of my late AUDUSD entries - two days of +-40 pips and I end up closing it 10 pips below another position which had a 0.8810 TP before the two days of wobbling

For me, it's all about entries...for Mike it's all about exits ;D

If you got "THE" entry then the middle stuff can do what it wants if you got a set target in mind (that's currently what I'm trying to do on cable the last 2 weeks), but if you enter in the middle...well, it's gonna be hard.

Your AUDCAD, well, you know how breakouts can be. Break, retest, takeoff. So the dilemma is closing for little and not getting a retrace or not closing but risking a failed breakout / too deep retrace...

Life's a b... and then you die

But cable is doing quite alright, let's go break that TL puuuhleeeeeeeeeez!
Trust price. Know yourself.
  • #6,605
  • Sep 28, 2007 5:26am Sep 28, 2007 5:26am
This just in: reports of cable's death have been greatly exaggerated.

Now for a weekly and daily close above 2.0315


I really wonder what BS the fundamentalist army will drum up to justify this sudden revival of GBPUSD.(after 2-3 weeks of saying it is so doomed and dead)

I expect the names "BOE" and "Northern Rock" will be used among other excuses

They'll post it after the break, we'll be in from the IB / 4h PB ;0
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Trust price. Know yourself.
  • #6,606
  • Sep 28, 2007 6:08am Sep 28, 2007 6:08am
GFT just went down. Awww good thing I have a stop. US west coast issue.
  • #6,607
  • Sep 28, 2007 7:11am Sep 28, 2007 7:11am
Quoting the_wizard
You seem to have a habit of 'touching' in all the right places.

hahaha
... I knew, you guys would abuse my expression.....lol
  • #6,608
  • Sep 28, 2007 7:13am Sep 28, 2007 7:13am
Quoting raczekfx
... I knew, you guys would abuse my expression.....lol


That's just how it is

I just hope my cable long is now untouchable ;p

2.05+, go go go! For once join forces with me raczekfx, come to the dark side of the GBP! Buy! Buuuuuuyyyyyyyyyyyyyy ;p
Trust price. Know yourself.
  • #6,609
  • Sep 28, 2007 7:45am Sep 28, 2007 7:45am
Retrace and bounce off the triangle w/ pin. My buy limit triggered just inside the triangle while snoozing. How high will we go?
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To be one with the market, you must first be one with yourself.
  • #6,610
  • Sep 28, 2007 7:58am Sep 28, 2007 7:58am
Quoting Unforeseen
Retrace and bounce off the triangle w/ pin. My buy limit triggered just inside the triangle while snoozing. How high will we go?
Nice, I am on the same boat, ...or plane.
  • #6,611
  • Sep 28, 2007 8:04am Sep 28, 2007 8:04am
Quoting Unforeseen
Retrace and bounce off the triangle w/ pin. My buy limit triggered just inside the triangle while snoozing. How high will we go?
Dont you just love it when that happens!
Never say never.
  • #6,612
  • Sep 28, 2007 8:10am Sep 28, 2007 8:10am
Quoting Unforeseen
How high will we go?
High enough for you to move your stop to BE, so it can retrace and take you out for nothing?
  • #6,613
  • Sep 28, 2007 8:11am Sep 28, 2007 8:11am
Hi guys,
do any of you remember Jims rules, I am sure they got posted on the public forum somewhere, you know that said treat this like a business, demo three months then go small then open an account with half what you would bla bla, ..I cant find it anywhere, can somebody send me the link or post it for me? Thanks a lot, take care Raz
Never say never.
  • #6,614
  • Sep 28, 2007 8:15am Sep 28, 2007 8:15am
Quoting the_wizard
High enough for you to move your stop to BE, so it can retrace and take you out for nothing?
Don't be saying that now, I have a good thing going here.
  • #6,615
  • Sep 28, 2007 8:21am Sep 28, 2007 8:21am
Quoting razldazl
Hi guys,
do any of you remember Jims rules, I am sure they got posted on the public forum somewhere, you know that said treat this like a business, demo three months then go small then open an account with half what you would bla bla, ..I cant find it anywhere, can somebody send me the link or post it for me? Thanks a lot, take care Raz
hey raz,

check post #3196 and i think you'll find what you are looking for:
http://www.forexfactory.com/showpost...postcount=3196

kpt
  • #6,616
  • Sep 28, 2007 8:28am Sep 28, 2007 8:28am
thanks charlies, I remember when that was posted and it was the start for us testing pinbars, do you remember? But he has a post, maybe its just on the pf, Im not sure, where he says what he thinks we should do, ie first demo for 3 months then bla bla, I cant remember exactly and I cant find it grrrr does anyone else remember? thanks again, Raz
Never say never.
  • #6,617
  • Sep 28, 2007 8:30am Sep 28, 2007 8:30am
Quoting kptMisiu
hey raz,

check post #3196 and i think you'll find what you are looking for:
http://www.forexfactory.com/showpost...postcount=3196

kpt
Thanks so much kpt, Raz
Never say never.
  • #6,618
  • Sep 28, 2007 8:54am Sep 28, 2007 8:54am
Quoting Unforeseen
Retrace and bounce off the triangle w/ pin. My buy limit triggered just inside the triangle while snoozing. How high will we go?
Also, I know it's broken out of that triangle but I think more people are watching 235.00 and 236.00 which is why it hasn't taken off so sharply.
  • #6,619
  • Sep 28, 2007 8:58am Sep 28, 2007 8:58am
Folks,

Which Metatrader broker/feed do you guys use?
You are getting some sexy pin bars on the daily/4hr.
I am on Northfinance and Alpari, nowt for me!

If you could shed some light it would be greatly appreciated.
  • #6,620
  • Sep 28, 2007 9:03am Sep 28, 2007 9:03am
Quoting SeekingLight



2.05+, go go go! For once join forces with me raczekfx, come to the dark side of the GBP! Buy! Buuuuuuyyyyyyyyyyyyyy ;p
Sorry, SL... I don't share your view on cable....
hint: check.... never mind
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