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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

  • #9,441
  • Mar 5, 2008 4:17pm Mar 5, 2008 4:17pm
Guys I have a problem...I draw too many PPZs, I have weekly and monthly pivots plotted on my charts, and am a fib retracement maniac! Any advice on what to draw/not to draw? Horizontal lines are everywhere
Hindsight is 20/20
  • #9,442
  • Mar 5, 2008 4:21pm Mar 5, 2008 4:21pm
Quoting cosgrove
Guys I have a problem...I draw too many PPZs, I have weekly and monthly pivots plotted on my charts, and am a fib retracement maniac! Any advice on what to draw/not to draw? Horizontal lines are everywhere
We all go through this, just stick to the really obvious ones for now(Major ones). If you decide to add minor PPZ and such do that after you become good at the major ones.


Happy trading

Mike
  • #9,443
  • Mar 5, 2008 6:49pm Mar 5, 2008 6:49pm
Was checking out the Daily inside bar on this pair and noticed this...

Pin off of Trendline on 4hr. (EURCAD)

I think I know which way this IB is most likely to break.
Attached Image
Bundy's status today: "Waiting..."
  • #9,444
  • Mar 5, 2008 7:05pm Mar 5, 2008 7:05pm
...And the daily chart to go with it.
Attached Image
Bundy's status today: "Waiting..."
  • #9,445
  • Mar 5, 2008 8:43pm Mar 5, 2008 8:43pm
Just realised I'm in two opposing trades.

Correlations suck!
Bundy's status today: "Waiting..."
  • #9,446
  • Mar 5, 2008 8:48pm Mar 5, 2008 8:48pm
Quoting Tiki Trader
And so many IBs today too.... but now I look some more.... all against the trend it seems.... I like the triangle on GBP/USD.... I will see if I can lose some pips there instead...
  • #9,447
  • Mar 5, 2008 8:55pm Mar 5, 2008 8:55pm
Quoting KissFan
I liked that one too. Had a GOOD laugh.

And we ALLL understand where Tiki's coming from too, don't we.?
Bundy's status today: "Waiting..."
  • #9,448
  • Mar 5, 2008 9:02pm Mar 5, 2008 9:02pm
Quoting bundyraider
Just realised I'm in two opposing trades.

Correlations suck!
EURCAD Long

USDCAD Short

So.....

For both these trades to work out I need EUR/USD to go higher.
Bundy's status today: "Waiting..."
  • #9,449
  • Mar 5, 2008 9:05pm Mar 5, 2008 9:05pm
DBLHC 1hr off the window high area. 206.20-206.43
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 14 KB
  • #9,450
  • Mar 6, 2008 2:47am Mar 6, 2008 2:47am
Quoting raczekfx
... lol... I don't know. I would certainly take some profit around 9940/60 and move my stops as this is resistance area.. . But then again, It's just me, and I'm not trading forex for fun or treat it as some sort of video game. For me, this is serious business, where you can improve the way you live and make serious money. That's all.
Trading doesn't have to be difficult. (hint: chart below)
many pips.
nah i close it...before i sleep, plan to let ucad run south.. +74 now, i should get 570 here...hopefully....anyone else short ucad?
  • #9,451
  • Mar 6, 2008 3:33am Mar 6, 2008 3:33am
Rainmaker,

Don't be silly mate, there doesn't seem to be anything in your post that would warrant me to take offense.I am not sure what would make you think that.
I was just making Werner aware of the fact that he can go broke taking 23pips.My only error was that i used the word 'will' go broke.Using the word 'can' accounts for all the variables.
The mere fact that Werner stated what he did told me that he could have overlooked the other side of the coin and i was offering that perspective.
There are many ways to trade and as you mentioned each to his own.As they say:'Different strokes for different folks.'
Happy trading.

Cheers
Steve
  • #9,452
  • Mar 6, 2008 5:00am Mar 6, 2008 5:00am
Much better.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 13 KB
  • #9,453
  • Mar 6, 2008 5:08am Mar 6, 2008 5:08am
Hi guys,

Like you know, I'm new to this thread. Pls do me a favor and have a look at the chart. I wondering if I see these setups correct.

Just for info: I added a 21EMA and 89SMA purely to be able to define the trend. I actually borrowed that concept from the very popular 4H MACD strategy on FF.

I'm awaiting your feedback.

Regards
Werner
Attached Image (click to enlarge)
Click to Enlarge Name: EU.JPG Size: 58 KB
Phil419
  • #9,454
  • Mar 6, 2008 6:02am Mar 6, 2008 6:02am
Quoting wernbrenk
Hi guys,

Like you know, I'm new to this thread. Pls do me a favor and have a look at the chart. I wondering if I see these setups correct.

Just for info: I added a 21EMA and 89SMA purely to be able to define the trend. I actually borrowed that concept from the very popular 4H MACD strategy on FF.

I'm awaiting your feedback.

Regards
Werner

Hey dude,

I'm looking at it with weary eyes, but it looks to me like you're doing great.

Recognising tradable oppurtunities after the fact, and trading them in real time is different, but it's only practice. You've picked up the gist of it pretty quick though.
Bundy's status today: "Waiting..."
  • #9,455
  • Mar 6, 2008 6:27am Mar 6, 2008 6:27am
... and another grandma trade.
.
Attached Image
  • #9,456
  • Mar 6, 2008 6:28am Mar 6, 2008 6:28am
Quoting vmaranhao
TBH and TBL bug fix

Enjoy

vmaranhao
Thanks for the interesting indicator...
Attached File(s)
File Type: ex4 VM_Price_Action_1.2.ex4   24 KB | 968 downloads
File Type: mq4 VM_Price_Action_1.2.mq4   22 KB | 1,149 downloads
  • #9,457
  • Mar 6, 2008 7:35am Mar 6, 2008 7:35am
Quoting raczekfx
... and another grandma trade.
.
Wasnt it. Rode it up, and now south....
  • #9,458
  • Mar 6, 2008 8:06am Mar 6, 2008 8:06am
Quoting raczekfx
... and another grandma trade.
.
i'm in those trade... but i narrow down to tf1h for entry... stop out by TSL +50
  • #9,459
  • Mar 6, 2008 8:14am Mar 6, 2008 8:14am
Quoting HipsterPipster
Wasnt it. Rode it up, and now south....
yup, I 'made' exit on both g/j and g/chf when g/chf hit the upper channel (4hr). Until it breaks to the upside we'll back to range trading....
  • #9,460
  • Mar 6, 2008 8:14am Mar 6, 2008 8:14am
Pin in EUR/JPY 1 hr chart
Attached Image
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