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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

  • #1,981
  • Jan 8, 2007 5:23pm Jan 8, 2007 5:23pm
Quoting james16
this is brilliant in that it shows once again how simple this stuff is AFTER YOU PRACTICE AND GET GOOD AT IT.
yeah M is getting very good at this, he may become as good as u someday James
Ghost Swoopen in for my pips while no one is lookin !!
  • #1,982
  • Jan 8, 2007 6:02pm Jan 8, 2007 6:02pm
Quoting mbqb11
Hey great entry. TP is one of those things you have to decide on what works for you best. Some like to TP all at once, others at different levels. On your chart I may have made T1 where price is sitting now, you can tell we have support there. T2 could be where your T1 is. Again, determing TP is a personal thing, and is the hardest part of forex imo.

I know this wasn't the best answer, but I don't think there is a concrete one.

Michael

edit* here is what i mean. You can see I have awesome MSpaint skills! This is just based on this chart you posted. Seeing the bigger picture may change things.

Michael, the original T1 hit(my) - scaled out, now gunning for an optimistic run down to tp2 and tp3.

But as was noted the support zone held and generated quite a wick off the T1 level. Wait and see game now.
Chart attached.
Attached Image
  • #1,983
  • Jan 8, 2007 11:32pm Jan 8, 2007 11:32pm
i would bet money he will be better and probably not long from now. him and a couple others i can think of. they have time on there side and improving technology. .
Quoting Ghostpipper
yeah M is getting very good at this, he may become as good as u someday James
  • #1,984
  • Jan 9, 2007 4:17am Jan 9, 2007 4:17am
Yay, James is still among us

Congrats on getting 2000 posts

Was wondering whether taking this USDCHF pin is going to be a good idea or not...I tried to curve fit it into a s/r as well as I could, any other opinions on this?

EURUSD and GBPUSD are mega-skewed thanks to all the cross action, so I'm pretty unsure whether this is a good idea...
Attached Image
Trust price. Know yourself.
  • #1,985
  • Jan 9, 2007 4:24am Jan 9, 2007 4:24am
Quoting SeekingLight
Yay, James is still among us

Congrats on getting 2000 posts

Was wondering whether taking this USDCHF pin is going to be a good idea or not...I tried to curve fit it into a s/r as well as I could, any other opinions on this?

EURUSD and GBPUSD are mega-skewed thanks to all the cross action, so I'm pretty unsure whether this is a good idea...
I'm short. It's off the Daily Pivot. First target 1.2320, second the weekly pivot at 1.2284. Will look to go long afterwards.
Keeping it Simple
  • #1,986
  • Jan 9, 2007 4:41am Jan 9, 2007 4:41am
We also have divergence on several timeframes, so I might go in short after deciding not to act on yesterday's PB
Consistency and patience is everything
  • #1,987
  • Jan 9, 2007 4:59am Jan 9, 2007 4:59am
Quoting habeeb
I'm short. It's off the Daily Pivot. First target 1.2320, second the weekly pivot at 1.2284. Will look to go long afterwards.
...and off the 200 on the Daily.
Bundy's status today: "Waiting..."
  • #1,988
  • Jan 9, 2007 5:45am Jan 9, 2007 5:45am
Thank you all for this wonderful thread! I read it several times/day... it has really helped me in my trading to start look at priceaction....

http://img136.imageshack.us/img136/7...p070109zy5.gif

Isn't it a pinbar at the cable? I'm currently long at the moment, but I think I will close it... what do you guys think?

Dennis
  • #1,989
  • Jan 9, 2007 7:03am Jan 9, 2007 7:03am
USD/CHF... OK. Now we have a pin on the hourly.
...At higher fib areas. (SeekingLight will love that one. )

I've entered an order for a break low.

Stop Loss just above the daily pin.
Attached Image
Bundy's status today: "Waiting..."
  • #1,990
  • Jan 9, 2007 7:58am Jan 9, 2007 7:58am
hello, bundyraider. I have a question about the pin on your chart. It didn't close lower than open. Is that still pin? Of course, it is, but the tradable(reliable) pin?

Sawa
  • #1,991
  • Jan 9, 2007 8:03am Jan 9, 2007 8:03am
simple question , where do u get the daily weekly and monthly pivot points from?
Ghost Swoopen in for my pips while no one is lookin !!
  • #1,992
  • Jan 9, 2007 8:09am Jan 9, 2007 8:09am
check out this chart for euro she just touched 61 fib so if she closes the hour out around 3010-15 then that would be a good indicator or going long correct, if u could get back in under 3010 ?
Ghost Swoopen in for my pips while no one is lookin !!
  • #1,993
  • Jan 9, 2007 8:09am Jan 9, 2007 8:09am
heres chart
Attached Image
Ghost Swoopen in for my pips while no one is lookin !!
  • #1,994
  • Jan 9, 2007 8:45am Jan 9, 2007 8:45am
apparently no one things it might be a good trade and sees what i see?
Ghost Swoopen in for my pips while no one is lookin !!
  • #1,995
  • Jan 9, 2007 9:01am Jan 9, 2007 9:01am
Well, you know what I think? Here's what I think... I think we all are trying to figure it out and if others are in the same boat as me, you're seeing pin bars that don't behave like pin bars, and retracements that dont stop retracing. I've made a whole bunch of calls that didn't pan out in the past 24 hours. I suppose I should just get out and stay out for the day... take a breather.

Good Luck, Dan
  • #1,996
  • Jan 9, 2007 9:28am Jan 9, 2007 9:28am
Quoting habeeb
I'm short. It's off the Daily Pivot. First target 1.2320, second the weekly pivot at 1.2284. Will look to go long afterwards.
A daily pin that didn't work out. I hate it when the week starts like this.
My entry point to short cable is around the 1.9500-20 area. Possibility of a Pin on 4hr cable to go long. Still 30min to go.
Keeping it Simple
  • #1,997
  • Jan 9, 2007 9:40am Jan 9, 2007 9:40am
Quoting Ghostpipper
simple question , where do u get the daily weekly and monthly pivot points from?
Here's the indicator. I've disabled the code for the S/R levels. If you want them to show on your charts, remove the "//" in the code.

Take Care
Habeeb
Attached File(s)
File Type: zip AutoPivotIndicator.zip   7 KB | 1,436 downloads
Keeping it Simple
  • #1,998
  • Jan 9, 2007 9:49am Jan 9, 2007 9:49am
Quoting habeeb
A daily pin that didn't work out. I hate it when the week starts like this.
My entry point to short cable is around the 1.9500-20 area. Possibility of a Pin on 4hr cable to go long. Still 30min to go.
possible pinbar on euro 1H as well, No?
Ghost Swoopen in for my pips while no one is lookin !!
  • #1,999
  • Jan 9, 2007 10:07am Jan 9, 2007 10:07am
Quoting habeeb
A daily pin that didn't work out. I hate it when the week starts like this.
My entry point to short cable is around the 1.9500-20 area. Possibility of a Pin on 4hr cable to go long. Still 30min to go.

My theory is that thanks to EURCHF rising 45 pips USDCHF got too darn distorted and just plain failed....it's odd, I always feel like this ALWAYS happens when _I_ try something obvious
EJ long and USDJPY long I took are still AOK however, but at smaller stake.
I'll break even at some point I hope...
Cable seems to be hovering around making a daily doji type of thing today if we end the day near the 1.9400, unless this is the last dip down before takeoff to 1.9500. I agree with Habeeb that that's a s/r zone.

One observation on my behalf: the s/r toggles IMHO are EXACTLY the same as 1000 pips lower. Like 1.9433 is same as 1.8433 and 1.9840-60 is 1.8840-60 s/r etc.....
It's probably likely that this is a great simplification for them unknown territories to just use old prices?
Trust price. Know yourself.
  • #2,000
  • Jan 9, 2007 10:08am Jan 9, 2007 10:08am
Quoting Ghostpipper
possible pinbar on euro 1H as well, No?
Yup, it turned out to be one. I'm gonna jump into this one with my stop below yesterday's low and a trailing stop of 15.
Attached Image
Keeping it Simple
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