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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

  • #2,121
  • Jan 13, 2007 7:54pm Jan 13, 2007 7:54pm
Fans of DBHLC, does this chart qualify?

A potentially lucrative retrace to the current trend maybe???
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  • #2,122
  • Jan 13, 2007 7:58pm Jan 13, 2007 7:58pm
Quoting vlazaf
Fans of DBHLC, does this chart qualify?

A potentially lucrative retrace to the current trend maybe???
I think you meant to say DBLHC, and I would say by the looks the Lows are too far off(especially if that is 20pts) for it to be an ideal one. I am not familiar with this market though, so I can't give anymore of an opinion. I have no idea whats going on except for your chart

Best,
Mike
  • #2,123
  • Jan 13, 2007 9:12pm Jan 13, 2007 9:12pm
Quoting mbqb11
I think you meant to say DBLHC, and I would say by the looks the Lows are too far off(especially if that is 20pts) for it to be an ideal one. I am not familiar with this market though, so I can't give anymore of an opinion. I have no idea whats going on except for your chart

Best,
Mike
I believe he is talking about the previous DBHLC on 1/11 and is thinking of getting into it on this retracement. As far as getting in now, personally i would like to see a better pullback to a stronger s/r level.


Looking back at a crude oil 4hr chart some nice opportunities were spotted.

They are both pin bars at a confluence of 38.2 retracement level and pullbacks to support/resistance lines of 61.57 and 57.86
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Private message me for a link to my order flow website.
  • #2,124
  • Jan 13, 2007 9:29pm Jan 13, 2007 9:29pm
Quoting grkfx
I believe he is talking about the previous DBHLC on 1/11 and is thinking of getting into it on this retracement. As far as getting in now, personally i would like to see a better pullback to a stronger s/r level.


Looking back at a crude oil 4hr chart some nice opportunities were spotted.

They are both pin bars at a confluence of 38.2 retracement level and pullbacks to support/resistance lines of 61.57 and 57.86

what broker or how do i pull up those charts through my mt4, it would be much easier to help

Thanks,
Mike
  • #2,125
  • Jan 13, 2007 9:29pm Jan 13, 2007 9:29pm
This one seem to work well for a potential of 179 pips depending on when a person seen fit to enter the trade.
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  • #2,126
  • Jan 13, 2007 9:58pm Jan 13, 2007 9:58pm
Quoting mbqb11
what broker or how do i pull up those charts through my mt4, it would be much easier to help

Thanks,
Mike
Some metatrader brokers offer commodities/futures as well the mini dow and s&p in addition to forex. Oriontrader and North finance are some of them.

http://www.orionbrokers.com/tradingproducts.php
http://www.northfinance.com/eng/open-demo-account/

I had bookmarked a thread of metatrader capable brokers but now the link doesnt seem to be working. Could be because of the new website.
Private message me for a link to my order flow website.
  • #2,127
  • Jan 13, 2007 11:00pm Jan 13, 2007 11:00pm
Quoting grkfx
Some metatrader brokers offer commodities/futures as well the mini dow and s&p in addition to forex. Oriontrader and North finance are some of them.

http://www.orionbrokers.com/tradingproducts.php
http://www.northfinance.com/eng/open-demo-account/

I had bookmarked a thread of metatrader capable brokers but now the link doesnt seem to be working. Could be because of the new website.
thanks I had a bunch of mt4 but the most any offered were gold and IBM lol I'll keep an eye out. I cant check out any of them cause system is offline so I can't get any updated charts.
  • #2,128
  • Jan 14, 2007 12:28am Jan 14, 2007 12:28am
It seems all the brokers pulled their sp, dj, crude, and natural gas charts. I was watching them on windsor direct and then last week they cut out that option. Seems North Finance and Orion did the same thing. Anybody else experience this?
  • #2,129
  • Jan 14, 2007 9:32pm Jan 14, 2007 9:32pm
Quoting mbqb11
also johoma not to mention you could wait for a break and then a retest of the Res line becoming support. This is the safest way, but you could miss the move. You could also play a short here and have a pretty small stop. I don't think anyone is more correct. It's a matter of a traders personality.

Mike
Thought I would kick off the week going back to this post. We had a break of the resistance and now a retest as support. We have 30 mins left but this is worth keeping an eye out for. Things work best when you have a plan in your head and the pieces come together.
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  • #2,130
  • Jan 15, 2007 12:09am Jan 15, 2007 12:09am
dbhlc 5 minute chart gbp
  • #2,131
  • Jan 15, 2007 12:11am Jan 15, 2007 12:11am
Quoting 59fender
dbhlc 5 minute chart gbp
I dont have that on my charts, but PLEASE u gotta be careful playing these price action bars on these small time frames! You can be finding bars ever bar on the 5 min time frame . Try the 4hr/daily/weekly its so much less stressful! As James says, you can pull 100s of pips on the higher time frames in 1 trade. How many trades would you have to make on the smaller time frames to do that.

Mike
  • #2,132
  • Jan 15, 2007 12:18am Jan 15, 2007 12:18am
15 looks nice also
  • #2,133
  • Jan 15, 2007 12:20am Jan 15, 2007 12:20am
Quoting 59fender
15 looks nice also
If you are talking about the gbp/usd I am going to have to disagree. Nothing is taking place but a consolidation around the monthly pivot. I know the feeling of wanting to trade and always be in a trade because you think thats how to make money. Once you realize its about not trading and only taking the optimal setups your account will start to grow nice.

Best,
Mike
  • #2,134
  • Jan 15, 2007 12:25am Jan 15, 2007 12:25am
13 pips profit
  • #2,135
  • Jan 15, 2007 12:27am Jan 15, 2007 12:27am
don't try this at home
  • #2,136
  • Jan 15, 2007 12:29am Jan 15, 2007 12:29am
Quoting 59fender
13 pips profit
please understand I am happy for anyone who trades on the smaller time frames and makes money( I am happy for anyone who is making money!). I am more speaking for anyone who is new to this thread. If you master the higher time frames, and then want to trade the smaller time frames you will have a much better chance. But for your 13 pip trade on a 5 min chart I will book 200+ pts on one trade and only have to check my computer a few times. The people who read a few posts from James and see a bar on the 5 min and 15 min and try to trade it and catch some bigger move are gonna be seeing their account go down down down. Instead try starting on the daily/weekly. Finding the premium A trades, and watch your account grow grow grow.

Mike
  • #2,137
  • Jan 15, 2007 12:36am Jan 15, 2007 12:36am
Quoting mbqb11
please understand I am happy for anyone who trades on the smaller time frames and makes money( I am happy for anyone who is making money!). I am more speaking for anyone who is new to this thread. If you master the higher time frames, and then want to trade the smaller time frames you will have a much better chance. But for your 13 pip trade on a 5 min chart I will book 200+ pts on one trade and only have to check my computer a few times. The people who read a few posts from James and see a bar on the 5 min and 15 min and try to trade it and catch some bigger move are gonna be seeing their account go down down down. Instead try starting on the daily/weekly. Finding the premium A trades, and watch your account grow grow grow
Mike
that is very good advice!
  • #2,138
  • Jan 15, 2007 1:48am Jan 15, 2007 1:48am
Quoting mbqb11
Thought I would kick off the week going back to this post. We had a break of the resistance and now a retest as support. We have 30 mins left but this is worth keeping an eye out for. Things work best when you have a plan in your head and the pieces come together.
And certainly a lot less stressful doing it that way!

Very well pointed out.
Bundy's status today: "Waiting..."
  • #2,139
  • Jan 15, 2007 2:16am Jan 15, 2007 2:16am
Quoting mbqb11
Thought I would kick off the week going back to this post. We had a break of the resistance and now a retest as support. We have 30 mins left but this is worth keeping an eye out for. Things work best when you have a plan in your head and the pieces come together.
Hiya Mike, nice chart, the pullback to the prior high once again was the best spot to go! As usual I'm a bit bored here so I thought I'd pull up the 1H perspective of the stuff and see where we are now
Did you get in? And where?
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Trust price. Know yourself.
  • #2,140
  • Jan 15, 2007 2:20am Jan 15, 2007 2:20am
Quoting SeekingLight
Hiya Mike, nice chart, the pullback to the prior high once again was the best spot to go! As usual I'm a bit bored here so I thought I'd pull up the 1H perspective of the stuff and see where we are now
Did you get in? And where?
hey seeking,

since it's sunday/monday i waited for 4hour break and will hold it as long as things look good. We shall see. I tend to stay on the 4hr dailys at the start of a week. Then as things get going move to the lower time frames. Just something I do LOL.

Mike
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