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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

  • #7,161
  • Oct 22, 2007 5:05pm Oct 22, 2007 5:05pm
Quoting raczekfx
are you getting married.....?

funny!

I am on Dec. 1st.
  • #7,162
  • Oct 22, 2007 5:25pm Oct 22, 2007 5:25pm
Quoting clockwork71
funny!

I am on Dec. 1st.
It was pretty funny wasnt it
Never say never.
  • #7,163
  • Oct 22, 2007 7:56pm Oct 22, 2007 7:56pm
Daily PB actually looks farily decent to me this time... Bouncing off the 23.6 fib... maybe get back into the upswing ???
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  • #7,164
  • Oct 22, 2007 8:10pm Oct 22, 2007 8:10pm
Quoting Tiki Trader
Daily PB actually looks farily decent to me this time... Bouncing off the 23.6 fib... maybe get back into the upswing ???
Wow, pretty good Pin Bar, IMO (which doesn't carry much weight).

Are you going to take this trade?
  • #7,165
  • Oct 22, 2007 8:30pm Oct 22, 2007 8:30pm
While I think this is a fair PB... I was hoping for some others to comment first... before I take this trade... but it has been a long boring day here in this thread today... I guess everyone is recouperating from getting so many pips last night !!!


Quoting unlv_tj
Wow, pretty good Pin Bar, IMO (which doesn't carry much weight).

Are you going to take this trade?
  • #7,166
  • Oct 22, 2007 8:48pm Oct 22, 2007 8:48pm
Quoting Tiki Trader
While I think this is a fair PB... I was hoping for some others to comment first... before I take this trade... but it has been a long boring day here in this thread today... I guess everyone is recouperating from getting so many pips last night !!!
This is actually pb by proxy with a left eye around .8815.
Why do I get a feeling, it's going to break down instead of up.....
  • #7,167
  • Oct 22, 2007 9:00pm Oct 22, 2007 9:00pm
1. It would be a trade in trend direction.
2. Have some PZ in this area.
3. IF TP is say at .9074 area of most recent high and SL is at .8745 you have R:R of 127:202 = 1:1.6.
4. Do you believe that we are in a trend reversal?
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  • #7,168
  • Oct 22, 2007 9:03pm Oct 22, 2007 9:03pm
Quoting HipsterPipster
1. It would be a trade in trend direction.
2. Have some PZ in this area.
3. IF TP is say at .9074 area of most recent high and SL is at .8745 you have R:R of 127:202 = 1:1.6.
4. Do you believe that we are in a trend reversal?
My MA is not trending up, so, I personally won't take it.
  • #7,169
  • Oct 22, 2007 9:17pm Oct 22, 2007 9:17pm
Quoting HipsterPipster
..
4. Do you believe that we are in a trend reversal?
To early to speculate..., we'll know more after this weekly bar closes.
Given action on fiber and cable last night, something is definitely brewing...
Right now, .8940 is the area of interest to me...
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  • #7,170
  • Oct 22, 2007 9:20pm Oct 22, 2007 9:20pm
Quoting raczekfx
To early to speculate..., we'll know more after this weekly bar closes.
Given action on fiber and cable last night, something is definitely brewing...
Right now, .8940 is the area of interest to me...
Looks like x is marking the spot, we shall see. Also, when the G-7 ignored the dollar, to me it signals they are satisfied with its state. Its weakened enough, maybe....
  • #7,171
  • Oct 23, 2007 12:02am Oct 23, 2007 12:02am
Quoting raczekfx
This is actually pb by proxy with a left eye around .8815.
Why do I get a feeling, it's going to break down instead of up.....

same thought here - i think that a better Pb will form if it forms in the upcoming days, it is one of those posts where you see a C level PB, and few days later comes the good one with confluence.

isnt it? or i just hope so?? whatever happens - i will be there this time..(missed all the pips of monday)
  • #7,172
  • Oct 23, 2007 2:51am Oct 23, 2007 2:51am
Crikey I've never had so many pins in my watchlist and EVERY SINGLE ONE has triggered and is in the money! Unbelievable stuff
  • #7,173
  • Oct 23, 2007 3:50am Oct 23, 2007 3:50am
Quoting Tiki Trader
While I think this is a fair PB... I was hoping for some others to comment first...before I take this trade
There's a problem here Tiki...you shouldn't trade off of what others say or don't..how will you learn what works or not if you don't try it yourself?

If you're not confident enough of your trading yet to put on a trade without advice first, you should not put live money you can't afford to lose on it imho.
Trust price. Know yourself.
  • #7,174
  • Oct 23, 2007 7:27am Oct 23, 2007 7:27am
You are very right Seeking !!! And I did not take this trade...

However... I go to my day job happy today... because I added a whopping 3% to my overall account by trading the GAP on GBP/JPY !!! The gap has now closed...

Quoting SeekingLight
There's a problem here Tiki...you shouldn't trade off of what others say or don't..how will you learn what works or not if you don't try it yourself?

If you're not confident enough of your trading yet to put on a trade without advice first, you should not put live money you can't afford to lose on it imho.
  • #7,175
  • Oct 23, 2007 7:48am Oct 23, 2007 7:48am
Quoting Tiki Trader
However... I go to my day job happy today... because I added a whopping 3% to my overall account by trading the GAP on GBP/JPY !!! The gap has now closed...
You're getting there dude. Well done!
  • #7,176
  • Oct 23, 2007 11:40am Oct 23, 2007 11:40am
I get much more confidence when the left and right eyes have matching highs like they did around this pin bar.

Just a small one here at a minor PPZ but I made £150 on it.

It would have been a very good place to add to a trade taken from the pin bar right at the top of the move but for me it was a new position.

Interesting how oil is coming down but the dollar is going down too. I guess the correlation doesn't work all the time.
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  • #7,177
  • Oct 23, 2007 2:16pm Oct 23, 2007 2:16pm
Quoting the_wizard
I get much more confidence when the left and right eyes have matching highs like they did around this pin bar.

Just a small one here at a minor PPZ but I made £150 on it.

It would have been a very good place to add to a trade taken from the pin bar right at the top of the move but for me it was a new position.

Interesting how oil is coming down but the dollar is going down too. I guess the correlation doesn't work all the time.
Oil may be losing value because of supply and demand, price is too high. I am not sure oil price is statically conected to the dolar, but rather they influence each other.
  • #7,178
  • Oct 23, 2007 3:32pm Oct 23, 2007 3:32pm
LOL

That's some seriously CHEAP coffee!!

Seriously when I see how some brokers give it away, I wonder how most people lose at this game.
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  • #7,179
  • Oct 23, 2007 4:47pm Oct 23, 2007 4:47pm
Quoting the_wizard
LOL

That's some seriously CHEAP coffee!!

Seriously when I see how some brokers give it away, I wonder how most people lose at this game.
Hi Wiz,
One problem with the cheap coffee. It is obviously a misquote and therfore under (at least my broker's) terms and conditions any attempt to trade it is invalid and will be reversed once they realise.

Perhaps you have a stupid broker - if so which one?

Ian
  • #7,180
  • Oct 23, 2007 6:36pm Oct 23, 2007 6:36pm
Hi James16,

I am Artsel, read quite of your thread. Well i am a newbies for forex, is there any website where we can have trend of forex at certain time? because i am in Indonesia where the time difference is quite a lot. what do you think of this http://www.forexpredictions.com/forexforecastdaily.html ? But this is a day analysis. Thank you.
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