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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

  • #7,861
  • Nov 27, 2007 8:31pm Nov 27, 2007 8:31pm
The daily PB from last Friday still remains problematic and iffy... I am still hanging on to it... and could even only manage to move my stop up slightly to just below the DBLHC...
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  • #7,862
  • Nov 27, 2007 11:52pm Nov 27, 2007 11:52pm
Still holding. Moved my stop below the DB. Out of Eur/Chf and Usd/CHF the U/Chf seemed a lil more convincing to me. Hopefully we can break the DT(2pip diff) and move up close to that monthly resistance line.
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  • #7,863
  • Nov 28, 2007 2:37am Nov 28, 2007 2:37am
I didn't see anyone call this...

Shame I missed it!
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  • #7,864
  • Nov 28, 2007 4:18am Nov 28, 2007 4:18am
Quoting the_wizard
I didn't see anyone call this...

Shame I missed it!
That's because I don't use the phone and make calls, I go to visit price in person and Mr Trend can't afford a phone yet, as all his money goes towards flashy outfits and face paint (white leather zombie one day, deep bling bling tan Mistah the next).

http://forexfactory.com/showpost.php...3&postcount=72

http://forexfactory.com/showpost.php...9&postcount=76
Trust price. Know yourself.
  • #7,865
  • Nov 28, 2007 4:21am Nov 28, 2007 4:21am
Quoting Tiki Trader
The daily PB from last Friday still remains problematic and iffy... I am still hanging on to it... and could even only manage to move my stop up slightly to just below the DBLHC...
Oh, champagne is gonna flow tonight! ;p
Trust price. Know yourself.
  • #7,866
  • Nov 28, 2007 6:27am Nov 28, 2007 6:27am
Yes sir'eeeeee !!! First profit target hit at the 200 ema for 1% !!!


Quoting SeekingLight
Oh, champagne is gonna flow tonight! ;p
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  • #7,867
  • Nov 28, 2007 6:53am Nov 28, 2007 6:53am
Quoting MtnMan
Still holding. Moved my stop below the DB. Out of Eur/Chf and Usd/CHF the U/Chf seemed a lil more convincing to me. Hopefully we can break the DT(2pip diff) and move up close to that monthly resistance line.
USD/CHF now hit my first profit target too !!!
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  • #7,868
  • Nov 28, 2007 6:54am Nov 28, 2007 6:54am
the dblhc gbpjpy daily is going nicely... when to take profit?
  • #7,869
  • Nov 28, 2007 6:57am Nov 28, 2007 6:57am
Quoting Tiki Trader
USD/CHF now hit my first profit target too !!!
haha it's great to see people make money, congrats! i can't wait to trade live... errr actually im scared......
  • #7,870
  • Nov 28, 2007 6:57am Nov 28, 2007 6:57am
Yes, I can drink the whole bottle of champagne !!! EUR/USD heading now towards target of 1.4650
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  • #7,871
  • Nov 28, 2007 7:00am Nov 28, 2007 7:00am
Seeking might tell you 228.... but profits are profits... anytime !!!

Quoting MattL4417
the dblhc gbpjpy daily is going nicely... when to take profit?
  • #7,872
  • Nov 28, 2007 7:04am Nov 28, 2007 7:04am
Quoting the_wizard
I didn't see anyone call this...

Shame I missed it!
Don't we trade Pin Bar around S/R, Trendline, Pivot, fibo area?
In Gold I don't see that, why that is a good trade? beside Pin Bar of course.
  • #7,873
  • Nov 28, 2007 7:20am Nov 28, 2007 7:20am
In this case it seems like a very nice PB to me... !!!

Quoting jatis
Don't we trade Pin Bar around S/R, Trendline, Pivot, fibo area?
In Gold I don't see that, why that is a good trade? beside Pin Bar of course.
  • #7,874
  • Nov 28, 2007 7:48am Nov 28, 2007 7:48am
Lol I posted all these nice charts of the EURUSD, USDCHF, EURCHF and I seem to be the only one who did not trade them. My roommate turned off the router and I had no internet connection and Metatrader is blocked by my work. X(

Chris
  • #7,875
  • Nov 28, 2007 7:50am Nov 28, 2007 7:50am
Quoting Tiki Trader
In this case it seems like a very nice PB to me... !!!
Yes, nice Pin Bar.
So we can trade pin bar alone without any confluence or whatsoever
  • #7,876
  • Nov 28, 2007 9:17am Nov 28, 2007 9:17am
Quoting jatis
Yes, nice Pin Bar.
So we can trade pin bar alone without any confluence or whatsoever
It depends on the location.
It's always better to have some kind of confluence, but sometimes the location alone can be good enough.
In this case, it looks like the pin happened when price retraced after that recent drop. Just by eyeballing it, it might be close to a 61.8 fib.
The location was pretty good. Price had a look like it will drop again when that pin formed.
It's all personal preference and opinion.

Tom
  • #7,877
  • Nov 28, 2007 9:40am Nov 28, 2007 9:40am
Quoting SeekingLight
Oh, champagne is gonna flow tonight! ;p
I read this thread (just choose not to post), regularly to learn AND be entertained.................some of you guys 'crack me up'! I hope you make Jim proud.
  • #7,878
  • Nov 28, 2007 10:39am Nov 28, 2007 10:39am
I just wanted to report that I caught some pips on my GBPJPY trade. I entered on the break of the DBLHC and just closed the position. I usually prefer trailing stops but around the 228.00 area there is some major resistance and trailing stops would have to be very big on this trade so I closed out for +190 pips. It sounds, however, better than it is because my stop was almost 400 pips and so it was a 0.5R trade.

Chris
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  • #7,879
  • Nov 28, 2007 10:54am Nov 28, 2007 10:54am
Quoting Tiki Trader
In this case it seems like a very nice PB to me... !!!
Double top
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #7,880
  • Nov 28, 2007 2:11pm Nov 28, 2007 2:11pm
CJ... TL, 61fib confl
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