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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

  • #9,841
  • Apr 3, 2008 9:56am Apr 3, 2008 9:56am
Quoting raczekfx
almost to a pip...
so far US news is also gooood..
Raczek, where did You get out from the 203,89 sell position?
Or still hold it, too?
THX, L
  • #9,842
  • Apr 3, 2008 12:15pm Apr 3, 2008 12:15pm
Went long on the break of the 4HR pin. Closed around the weekly pivot (using Habeeb's indicator). Tomorrow is Friday and I have a better chance to lose if I am trading on Friday.
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  • #9,843
  • Apr 3, 2008 1:05pm Apr 3, 2008 1:05pm
Quoting raczekfx
not sure how would that information be of any benefit to you: Added more at 204.30 exited all 203.30.
Judging by the weakness in gchfs and dow today, it appears another short is in the making.
Just was curious, You used SL or added more.
THX, L
  • #9,844
  • Apr 3, 2008 10:13pm Apr 3, 2008 10:13pm
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
Probably I need to ask administrator to help delete below quoted post, just in case being suspected running ........ something, no, there is no any single commercial intent, anyhow, I decided to delete it, problem is I don't know how to delete it, if anyone could advise? I can learn trading one way or another any how. I am reading through the entire thread, it's interesting to see people thinking together, and the more I learn, the more I discover so many people around here are so skilled, this gives me confidence I can do good as well, though a long way to catch. will be sit quietly and watch ya talking. keep up the good job


Quoting krue
I made a blog to record my trades based on Pin Bar strategy. I am a starter, makes a lot mistakes. I put profitable setup with failure, also put failed setup with my understanding.

please come to see and add your comments if you could. I wish learning from mistakes, and you probably have good solution to these type of mistakes, you can keep it within yourself, but, it will be a big help if you could comment on these trades with your insight.

I am serious about Jim's strategy,put a lot of effort and resource trying to learn from this thread. everyone of you are my teacher,so, please come and add your comment.
  • #9,845
  • Apr 4, 2008 12:34am Apr 4, 2008 12:34am
no worries but you will probably get more help by just posting in this thread.
traders helping traders is why this thread has been solid for far longer than any other at forex factory. it may not have the most views but it has stood the test of time when all the other flash in the pan system threads have burned bright and then faded. im damn proud of this threads longevity and i damn proud to be a friend to all that have made it what it is.

jim

Quoting krue
Probably I need to ask administrator to help delete below quoted post, just in case being suspected running ........ something, no, there is no any single commercial intent, anyhow, I decided to delete it, problem is I don't know how to delete it, if anyone could advise? I can learn trading one way or another any how. I am reading through the entire thread, it's interesting to see people thinking together, and the more I learn, the more I discover so many people around here are so skilled, this gives me confidence I can do good as well, though a long way to catch. will be sit quietly and watch ya talking. keep up the good job
  • #9,846
  • Apr 4, 2008 5:38am Apr 4, 2008 5:38am
Hi guys,

i'm watching the EURUSD in metatrader and compared to the charts you posted, there is no pin bar yesterday on my H4 chart. My chart (data) seem to be somehow shifted in time, so that the nice pinbar is divided into two bars. Is there any way to fix it with some setting in Metatrader? I am connected to the Alpari demo server for data and use European time (maybe that is the problem?)

http://home.nextra.sk/thedude/meta.JPG

Thanks
Peter
  • #9,847
  • Apr 4, 2008 5:55am Apr 4, 2008 5:55am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
Thanks James, you are the king having the wisdom of justice in this community

Quoting james16
no worries but you will probably get more help by just posting in this thread.
traders helping traders is why this thread has been solid for far longer than any other at forex factory. it may not have the most views but it has stood the test of time when all the other flash in the pan system threads have burned bright and then faded. im damn proud of this threads longevity and i damn proud to be a friend to all that have made it what it is.

jim
  • #9,848
  • Apr 4, 2008 6:04am Apr 4, 2008 6:04am
Zemo57,

yes the "problem" is you're using Alpari. I work on my demo with north-finance (also on metatrader4). try downloading that one.

Hope this helps!
  • #9,849
  • Apr 4, 2008 7:06am Apr 4, 2008 7:06am
I like the way how price move in well structurized manner on eurusd , bouncing from each horizontal line. It sucks that metatrader dont have time shift feature to view bars in different ways and keyboard shortcut to hide/show objects.

http://img441.imageshack.us/img441/1...hartsa9.th.gif
  • #9,850
  • Apr 4, 2008 8:03am Apr 4, 2008 8:03am
sometimes it works other times it doesn't.

Limit sell triggered @ 5747 during NFP. It is also now a free trade.

.
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  • #9,851
  • Apr 4, 2008 8:21am Apr 4, 2008 8:21am
let's see how cable ends the day.
If price won't change much, we'll get a pin off 61/TL resting right on PPZ
.
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  • #9,852
  • Edited 8:40am Apr 4, 2008 8:28am | Edited 8:40am
how about this g/j...? or e/j, u/j or g/chf... or Dow
Have a great weekend guys....
it'll be the busy one...
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  • #9,853
  • Apr 4, 2008 9:01am Apr 4, 2008 9:01am
and 61 retrace

four hour looks bearish unless it is broken to the upside

gosh I hate holding over the wknd. Big balls trade here huh
  • #9,854
  • Apr 4, 2008 9:54am Apr 4, 2008 9:54am
We got same situation on gbpchf day chart. Those levels work very often in strong trading markets when you dont know where next resistance gonna be.


http://img382.imageshack.us/img382/6...fdaymj8.th.gif
  • #9,855
  • Apr 4, 2008 12:51pm Apr 4, 2008 12:51pm
If you see a good set-up on the Friday Daily bars, do you normally take them or normally pass on them?
  • #9,856
  • Apr 4, 2008 5:23pm Apr 4, 2008 5:23pm
On the last chart posted i could take short position on low of friday bar but it would be to risky coz we have good lookin up trend lines in H4 TF. I would rather wait for another bounce from 0.0 line then wait for some nice PA at 50 line and take short position. On the other hand i could take short now with low %risk and watch price at 0.0 line but i would play it without SL using really low gearing.
  • #9,857
  • Apr 5, 2008 3:43am Apr 5, 2008 3:43am
hi guys,

beob on GJ

http://i279.photobucket.com/albums/k...gj5april08.gif

i have a question regarding fib retracement.

which one is the correct point to draw fib retracement ?...a or b ?

thnx
  • #9,858
  • Apr 5, 2008 4:10am Apr 5, 2008 4:10am
Quoting CandlePower
hi guys,

beob on GJ

(Pic)

i have a question regarding fib retracement.

which one is the correct point to draw fib retracement ?...a or b ?

thnx
Both mate.

That's where you can get a confluence between two Fibonacci levels as well.
The strongest one though, in my opinion, is from 'a'.

Don't get caught up in crowding your screen up though. Generally the larger the move /wave or whatever you like to call it, that the Fib is defined with, the stronger the levels are ...or to put it better, the more likely the levels are to be reacted to.

On fib confluences... If you have a fib drawn on the weekly charts and one of its levels line up (in confluence) with another one on the 4 hr chart you've got a strong likelyhood of that level being reactive. Try it!

.
Bundy's status today: "Waiting..."
  • #9,859
  • Apr 5, 2008 10:38am Apr 5, 2008 10:38am
hi all
i have a question please
is this thread only for share the trades/ideas/... or u have an specific method for trade? and can i ask you where can i find the rules/lessons/... about this system?
thx
  • #9,860
  • Apr 5, 2008 10:47am Apr 5, 2008 10:47am
Hi I have further questions on the recent pins we have had.
I mean recently we had a DHLC (or it was at least a BEOB)on a Friday on the daily which gave a great sell signal ,as the next Sunday bar only made the Friday more bearish.
So my question is can anyone see anything wrong with the monthly pin bar?? And if we get a bullish open on Sunday will that invalidate the Friday pin.
Thanks in advance.
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