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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

  • #8,921
  • Jan 28, 2008 4:09pm Jan 28, 2008 4:09pm
Quoting Mr Trend
I trade the same way. That's how I teach it too... because otherwise you get people new to PA in a state of confusion because they start doubting what they are seeing when they try to look at this pair and that pair, and oh, if that pair moves down then that one has to go down too, but wait, by how much... oh maybe if it moves according to the 3/5 rule of the divided equinox then it will move down according to the fibonacci triangluar adjustment of the Helsinki quadrant...

.... sigh....
LOL
f*ck me, that's funny...
I happen to agree as well. If you get caught up in all the correlations it can get you chasing your tail. Sure it's good to be familiar, but I would never trade one pair in place of another's setup etc.
I'm very simple minded, so I like to trade what I see. (for the most part)

The divided equinox and Helsinki quadrant always get me.

Tom
  • #8,922
  • Jan 28, 2008 4:59pm Jan 28, 2008 4:59pm
Quoting Mr Trend
3/5 rule of the divided equinox then it will move down according to the fibonacci triangluar adjustment of the Helsinki quadrant...
I'd be very interested in learning your method.

Do you have an EA available?

Have you been paying your web-hosting bills?
I can't seem to get the following link to work...
www.FibonacciHelsinkiQuadrantTrading.com
.
.
Bundy's status today: "Waiting..."
  • #8,923
  • Jan 28, 2008 6:37pm Jan 28, 2008 6:37pm


You're all mean!

Efficiency(= my overcomplicating) isn't for everyone ;D

It takes a special kind of crazy!

Anyhow - never said it was necessarily for beginners...but I still firmly believe that using logic only hurts a little once..after that, it's painless ;p

I've done it before and I'll keep on doing it until the market completely bends to my will, mwhahaha!

Okay, enough german traits for one post, on with the charts ;p

Let's see how high EURUSD and GBPUSD and AUDUSD and Gold can go..me, I want 960$ Gold, minimum!

..and I also want < 105 UJ eventually pwetty please!
Trust price. Know yourself.
  • #8,924
  • Jan 28, 2008 9:12pm Jan 28, 2008 9:12pm
Is the EU Weekly pin valid? Is not a swing H/L humm
The more obstacles I overcome the better man I become.
  • #8,925
  • Jan 28, 2008 9:57pm Jan 28, 2008 9:57pm
Hello,
On mine (Interbank FX) EU's weekly bar is not a pin. It is 414 pips H/L,
high to open is 183 pips, so 44%, no pin. More of a neutral bar.
There has been a very nice weekly pin formed on EUR/CHF.
Take Care,
Roy
  • #8,926
  • Jan 28, 2008 10:15pm Jan 28, 2008 10:15pm
Quoting sevejose
Is the EU Weekly pin valid? Is not a swing H/L humm
Hi Sevejose,

Draw a consolidation range between 1.4967 (High) and 1.4310 (Low)

The bar itself isn't too bad. Not perfect. It's not in a good spot either.

It does kind of create it's own Swing Low. But it's really just stuck in a range and reacting to that. Not a good pin to trade.
Bundy's status today: "Waiting..."
  • #8,927
  • Jan 29, 2008 12:04am Jan 29, 2008 12:04am
your discussion on GBPJPY let me know how to think and trade with price action,
thank you all!
Success is the small sum of efforts, repeated day in and day out.
  • #8,928
  • Jan 29, 2008 1:27am Jan 29, 2008 1:27am
Quoting SeekingLight
..and I also want < 105 UJ eventually pwetty please!
Oh you'll get that tonight, don't worry...
Mr. Trend
  • #8,929
  • Jan 29, 2008 2:05am Jan 29, 2008 2:05am
Quoting Mr Trend
Oh you'll get that tonight, don't worry...
Will be good. It's gotta drop hard when it breaks all that support. If it does, of course.

Keeping a close eye on it. I've been wanting this to happen since last week!
Bundy's status today: "Waiting..."
  • #8,930
  • Jan 29, 2008 2:05am Jan 29, 2008 2:05am
Where can one learn more about the divided equinox and the Helsinki quadrant?
  • #8,931
  • Jan 29, 2008 2:17am Jan 29, 2008 2:17am
searching on this one also, will have to see how things play out but I am only looking one way too
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  • #8,932
  • Jan 29, 2008 2:19am Jan 29, 2008 2:19am
Quoting creeper
Where can one learn more about the divided equinox and the Helsinki quadrant?
This was just a joke by Mr.Trend, he was just referring to how complicated some traders can make things

Don't worry not another topic you need to investigate
  • #8,933
  • Jan 29, 2008 4:25am Jan 29, 2008 4:25am
Currently held back by s/r, but once past that - I smell a plunge coming IF it can get there.
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Trust price. Know yourself.
  • #8,934
  • Jan 29, 2008 9:06am Jan 29, 2008 9:06am
Quoting eroyh
Hello,
On mine (Interbank FX) EU's weekly bar is not a pin. It is 414 pips H/L,
high to open is 183 pips, so 44%, no pin. More of a neutral bar.
There has been a very nice weekly pin formed on EUR/CHF.
Take Care,
Roy
tks Eroy and Bundy. The weekly pin on EUR/CHF does look good.
The more obstacles I overcome the better man I become.
  • #8,935
  • Jan 30, 2008 3:41am Jan 30, 2008 3:41am
very sorry if this query had been asked before but i'm with Oanda so would their 3 hour charts make me lose out on those 4 hour price action like pinbars, etc or there's no difference ?

also my daily bar closes about 3 hours before London opens so that not standard as well............again, is there any big difference or none at all ?
  • #8,936
  • Jan 30, 2008 3:46am Jan 30, 2008 3:46am
Quoting findcount
very sorry if this query had been asked before but i'm with Oanda so would their 3 hour charts make me lose out on those 4 hour price action like pinbars, etc or there's no difference ?

also my daily bar closes about 3 hours before London opens so that not standard as well............again, is there any big difference or none at all ?
Hey Find

The basic rule is to play it as you see it. Our charts all have the same information, but depending on your broker will be aggregated differently across the bars.

So if you play 3hr price action it will look different then someone else using the 4hr chart. That doesn't mean you can't trade off the 3hr chart, you will just have your own formations.

Same with daily, your daily bar might look different then mine, but the same information is there. So one day I might have a beautiful pinbar, and you don't and the next time you could and I don't.

So generally we just say play it as you see it on your charts

Mike
  • #8,937
  • Jan 30, 2008 4:21am Jan 30, 2008 4:21am
Quoting findcount
very sorry if this query had been asked before but i'm with Oanda so would their 3 hour charts make me lose out on those 4 hour price action like pinbars, etc or there's no difference ?

also my daily bar closes about 3 hours before London opens so that not standard as well............again, is there any big difference or none at all ?
Hey findcount

You might also consider doing what I do, simply use MT4 for the charting and trade on Oanda. You don't miss out on anything and you have a charting software actually worth calling it that

Take care,

SL
Trust price. Know yourself.
  • #8,938
  • Jan 30, 2008 4:26am Jan 30, 2008 4:26am
Quoting mbqb11
Hey Find

The basic rule is to play it as you see it. Our charts all have the same information, but depending on your broker will be aggregated differently across the bars.

So if you play 3hr price action it will look different then someone else using the 4hr chart. That doesn't mean you can't trade off the 3hr chart, you will just have your own formations.

Same with daily, your daily bar might look different then mine, but the same information is there. So one day I might have a beautiful pinbar, and you don't and the next time you could and I don't.

So generally we just say play it as you see it on your charts

Mike
Or you could use more than one broker/time offset, giving yourself access to more "pictures" with the same data. Can't say it is worth the trouble ( I honestly can't be bothered to do this myself) but I thought I'd throw that in as food for thought.

Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #8,939
  • Jan 30, 2008 4:51am Jan 30, 2008 4:51am
Quoting Plutonite
Or you could use more than one broker/time offset, giving yourself access to more "pictures" with the same data. Can't say it is worth the trouble ( I honestly can't be bothered to do this myself) but I thought I'd throw that in as food for thought.

Good luck.
Yeah I did this for awhile, I used NF and InterbankFX. It was just too much to have to deal with. I agree


Mike
  • #8,940
  • Jan 30, 2008 5:30am Jan 30, 2008 5:30am
Quoting SeekingLight
Hey findcount

You might also consider doing what I do, simply use MT4 for the charting and trade on Oanda. You don't miss out on anything and you have a charting software actually worth calling it that

Take care,

SL
Heh... have you seen IB's charts? Makes Oanda's look like a professional charting package.
Mr. Trend
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