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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

  • #7,841
  • Nov 27, 2007 12:18pm Nov 27, 2007 12:18pm
Quoting raczekfx
we'll see, we'll ...see....
I hope I'll see (as in be awake and at the screen for) 1.6490-1.6550.

You know what's funny? Looking at EURCHF I got pretty good confidence about what will likely happen there, looking at the DJI and S&P I get so scared..it's really odd - especially since they're basically making identical moves
Trust price. Know yourself.
  • #7,842
  • Nov 27, 2007 12:30pm Nov 27, 2007 12:30pm
Quoting SeekingLight
This is where Tiki finally gets his reward for sticking to his trade rules on EURCHF

Or at least here is the "get out of EURCHF jail free" card for anyone on board =)


I agree with this 100%. There is nothing more heartbreaking than closing out a winning trade when it would have held up.

I will do you one better......I originally had roughly a 1.81% risk on this trade......

See those two hammers on the 15 min? I added there, with a tight stop loss. Never risked more than 2.2%, and took profits on that one to basically make this a free trade.

If I lose, it is now a really, really small loss.

I am hoping this one turns into a run......30 pips so far on original trade, other one has been closed for quite some time. (at +50 - although it was a smaller lot size, but not too much. risk difference was in stop loss.....)

Good day so far, was at work for most of this.

I see a pattern in my trading.......go away, it turns out better, stop and watch, I get frustrated.

I am really starting to like the daily charts.


Clockwork
  • #7,843
  • Nov 27, 2007 12:32pm Nov 27, 2007 12:32pm
Quoting Tiki Trader
I'm not out yet !!! There IS a support line there !!! I am huffing and puffing... it's working !!!

I don't know who will be right..... I am down 1% on it, that is what I was willing to risk... ( you know lots of time I risk more... everyone here knows... this time I risked less... )

Wow look at it! all that huffing and puffing paid off!.......Now you can breathe a little easier about your 1% you risked.....and thanks for the description of your favorite 4hr look to the daily pinbar.hmm head and shoulders........I got to get a micro account so i can risk 1% when i want too. I am almost always right about my analysis. I just cant put my stop where i want to without risking to much.......gotta get a micro account for these huge stoploss trades.......I am beginning to see MONEY MANAGEMENT IS THE HOLY GRAIL!!! Look inside yourself not outside at your favorite signal..........Thats why so few find it........pipip......Jimdandy
  • #7,844
  • Nov 27, 2007 2:38pm Nov 27, 2007 2:38pm
Quoting SeekingLight
I hope I'll see (as in be awake and at the screen for) 1.6490-1.6550.

You know what's funny? Looking at EURCHF I got pretty good confidence about what will likely happen there, looking at the DJI and S&P I get so scared..it's really odd - especially since they're basically making identical moves
Which way now, SL? .....
It looks that DOW could use that A/gravity device....

.
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  • #7,845
  • Nov 27, 2007 3:46pm Nov 27, 2007 3:46pm
I have hung on to both my EUR/CHF and USD/CHF trades.... and actually I think I am not going to ask to get out of jail... !!! I am going to hold on... EUR/CHF may be just as I said last night... a DBLHC...

USD/CHF PB actually has worked pretty well overall...

I am hanging in there... and perhaps if I am patient for once, I may find myself on a new swing up for EUR/CHF at least...


Quoting SeekingLight
This is where Tiki finally gets his reward for sticking to his trade rules on EURCHF

Or at least here is the "get out of EURCHF jail free" card for anyone on board =)
  • #7,846
  • Nov 27, 2007 3:50pm Nov 27, 2007 3:50pm
Yes my little account is so nice... !!! Trade as small as I like... !!!

And I am still huffing and puffing.... !!!!

Quoting JimDandy
Wow look at it! all that huffing and puffing paid off!.......Now you can breathe a little easier about your 1% you risked.....and thanks for the description of your favorite 4hr look to the daily pinbar.hmm head and shoulders........I got to get a micro account so i can risk 1% when i want too. I am almost always right about my analysis. I just cant put my stop where i want to without risking to much.......gotta get a micro account for these huge stoploss trades.......I am beginning to see MONEY MANAGEMENT IS THE HOLY GRAIL!!! Look inside yourself not outside at your favorite signal..........Thats why so few find it........pipip......Jimdandy
  • #7,847
  • Nov 27, 2007 4:19pm Nov 27, 2007 4:19pm
Quoting clockwork71
I see a pattern in my trading.......go away, it turns out better, stop and watch, I get frustrated.

I am really starting to like the daily charts.
Clockwork
Dito and amen.
Trust price. Know yourself.
  • #7,848
  • Nov 27, 2007 4:31pm Nov 27, 2007 4:31pm
Quoting raczekfx
Which way now, SL? .....
It looks that DOW could use that A/gravity device....

.

I think this should be the DOW's song, even though it's lately done a bit much of the Phoenix dance.
(Wanted to link "When the dying calls" but the stupid internet has no video for that..)

All these silly willy headlines keep confusing people when really everyone knows the jig is up
Trust price. Know yourself.
  • #7,849
  • Nov 27, 2007 4:56pm Nov 27, 2007 4:56pm
And so it did .... nice !!!


Quoting mamutot
interesting thing..TL and 4h 365 are holding this one from climbing up..would expect something to happen here..
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  • #7,850
  • Nov 27, 2007 5:09pm Nov 27, 2007 5:09pm
I have a pending sell order under the low of the daily pin on EUR/USD for the past two days.

Is it still valid signal, given we have only inside bars for couple of days?

Thanks much

TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #7,851
  • Nov 27, 2007 5:12pm Nov 27, 2007 5:12pm
I have an order there too... gonna think about it some more tonight, but right now I am thinking if price gets down to open that order... by then price may finally be going in that direction anyways...

Quoting TradeStar
I have a pending sell order under the low of the daily pin on EUR/USD for the past two days.

Is it still valid signal, given we have only inside bars for couple of days?

Thanks much

TradeStar
  • #7,852
  • Nov 27, 2007 5:16pm Nov 27, 2007 5:16pm
Quoting TradeStar
I have a pending sell order under the low of the daily pin on EUR/USD for the past two days.

Is it still valid signal, given we have only inside bars for couple of days?

Thanks much

TradeStar
I didn't have an order for the euro either way but I'll give my 2 cents


personally when pins don't break the next day I cancel my orders. I would want a very strong reason to short in this strong uptrend. You better believe there will be bulls waiting on any move down.

This isn't to say it is right or wrong, but I like to see follow through once I have a trade plan. Momentum.
  • #7,853
  • Nov 27, 2007 5:27pm Nov 27, 2007 5:27pm
DBLHC off support on GBPJPY. I am gonna play this one. It could go to the next resistance level at 228.20 and further since the pair is in an overall uptrend. But it's a difficult decision after this profound down move but I think there are two options. Either it goes higher for good OR there is a bigger retracement before the pair continues going down again.

Your thoughts?
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  • #7,854
  • Nov 27, 2007 5:51pm Nov 27, 2007 5:51pm
Since raczekfx gets to do this I wanna do this, too...

Crystal ball charts

Ten pips for anyone who can make this happen for me
(I'll have enough to spare if it does happen)


Got two versions...unadulterated direct drop and short trigger-hit-head-and-then-tumble-and-fall version
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Trust price. Know yourself.
  • #7,855
  • Nov 27, 2007 6:08pm Nov 27, 2007 6:08pm
Man, I've been huffing and puffing all day... and now he wants more !!!

Actually, I don't see that it could do much else except for what you already put on there... so how 'bout if you just send the pips right over...

Quoting SeekingLight
Since raczekfx gets to do this I wanna do this, too...

Crystal ball charts

Ten pips for anyone who can make this happen for me
(I'll have enough to spare if it does happen)


Got two versions...unadulterated direct drop and short trigger-hit-head-and-then-tumble-and-fall version
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  • #7,856
  • Nov 27, 2007 6:21pm Nov 27, 2007 6:21pm
I might be with you... but I would like to see it break my triangle and the DBLHC first...


Quoting creeper
DBLHC off support on GBPJPY. I am gonna play this one. It could go to the next resistance level at 228.20 and further since the pair is in an overall uptrend. But it's a difficult decision after this profound down move but I think there are two options. Either it goes higher for good OR there is a bigger retracement before the pair continues going down again.

Your thoughts?
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  • #7,857
  • Nov 27, 2007 6:22pm Nov 27, 2007 6:22pm
I have the same blue line on my charts Sl (not in blue colour but position)

The only technical factor I am wary of is this falling wedge thats formed. If it is tightly coiled as it looks we might just get a few stop runs near that zone.
Not unlike the Dow futures daily.....

Quoting SeekingLight
Since raczekfx gets to do this I wanna do this, too...

Crystal ball charts

Ten pips for anyone who can make this happen for me
(I'll have enough to spare if it does happen)


Got two versions...unadulterated direct drop and short trigger-hit-head-and-then-tumble-and-fall version
  • #7,858
  • Nov 27, 2007 6:45pm Nov 27, 2007 6:45pm
i wouldnt be surprsied to see some kind of a daily/weekly PA happening in this area to provide us some kind of a correction - any thoughts?

btw - it is about 1.5000
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  • #7,859
  • Nov 27, 2007 7:13pm Nov 27, 2007 7:13pm
IB on Daily at 150 EMA. Expecting a break to upside. Any thoughts?

http://img.villagephotos.com/p/2007-...09/aud_usd.gif
  • #7,860
  • Nov 27, 2007 7:36pm Nov 27, 2007 7:36pm
Quoting cheelu
IB on Daily at 150 EMA. Expecting a break to upside. Any thoughts?

http://img.villagephotos.com/p/2007-...09/aud_usd.gif

my opinnion is to watch out - the weekly doesnt support your trade idea and neither the monthly..but - i might not be right as always..
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