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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

  • #2,281
  • Jan 23, 2007 2:27pm Jan 23, 2007 2:27pm
Quoting mbqb11
I know they have a few indicators around that give you bars that have the general requirments(a lot of the time they are WAYYY off), but I really don't even recommend doing that. The best is to train your eyes to recognize each and every bar. Soon they all will jump out at you. Then look for reasons to support playing that bar.

Best,
Mike
Agreed, forget all that indicator crutch-clutching.

Mike, help me, I'm scared, EURGBP is on a rampage and now cable is going down as euro is going up instead of vice versa

*wonders if Habeeb shorted the 4h Pin*

Could be eurgbp goes all rise now and euro catches up to cable, to meet in the middle....wouldn't that be a hoot
Trust price. Know yourself.
  • #2,282
  • Jan 23, 2007 2:29pm Jan 23, 2007 2:29pm
Quoting SeekingLight
Agreed, forget all that indicator crutch-clutching.

Mike, help me, I'm scared, EURGBP is on a rampage and now cable is going down as euro is going up instead of vice versa

*wonders if Habeeb shorted the 4h Pin*

Could be eurgbp goes all rise now and euro catches up to cable, to meet in the middle....wouldn't that be a hoot
I am in the 4h pin hehe. I closed out all my USD positions for profit, still holding usd/jpy long and now opened gbp/usd short. I really do think were gonna see 2, but just need a little correction first.

eur/gbp i can't even stand too look at that thing! HAAH i know its helpful though, but I really dislike that pair :-P

Mike
  • #2,283
  • Jan 23, 2007 3:17pm Jan 23, 2007 3:17pm
Quoting SeekingLight
Agreed, forget all that indicator crutch-clutching.

Mike, help me, I'm scared, EURGBP is on a rampage and now cable is going down as euro is going up instead of vice versa

*wonders if Habeeb shorted the 4h Pin*

Could be eurgbp goes all rise now and euro catches up to cable, to meet in the middle....wouldn't that be a hoot
Nope, missed it. Even missed the long on swissy from 1.2379 area (signal on daily chart). My trading time is in shambles. Got to sort it out soon, or I'll have to change my trading style. Would really suck to have to change now
Keeping it Simple
  • #2,284
  • Jan 23, 2007 3:23pm Jan 23, 2007 3:23pm
Quoting habeeb
Nope, missed it. Even missed the long on swissy from 1.2379 area (signal on daily chart). My trading time is in shambles. Got to sort it out soon, or I'll have to change my trading style. Would really suck to have to change now
Where has your trading time gone too?!?
  • #2,285
  • Jan 23, 2007 3:28pm Jan 23, 2007 3:28pm
Quoting mbqb11
Where has your trading time gone too?!?
14 month old son
Keeping it Simple
  • #2,286
  • Jan 23, 2007 3:31pm Jan 23, 2007 3:31pm
it looks like a pin is forming on the cable's daily chart, or am I wrong ?
  • #2,287
  • Jan 23, 2007 3:34pm Jan 23, 2007 3:34pm
Quoting habeeb
14 month old son

Best reason for a hiatus there ever was

Maybe switch over to smaller size and daily instead for a while?
As long as you have trailing stops you can live with these inside bar breakouts afk, too
Can anyone else not believe cable really came back 105 pips from the high meantime euro is but 18 pips from its high?
Market market, what are you DOING!

EURGPB => stars?
Trust price. Know yourself.
  • #2,288
  • Jan 23, 2007 3:48pm Jan 23, 2007 3:48pm
Quoting sarama001
it looks like a pin is forming on the cable's daily chart, or am I wrong ?
For it to be a pin bar wouldnt the price have to close below the previous days high, 19.785? Right now the body of the bar seems too big to qualify for a pin bar.
  • #2,289
  • Jan 23, 2007 3:58pm Jan 23, 2007 3:58pm
Quoting habeeb
14 month old son
Your time with him is richer than a million pips a second and his love for you is more reward than all the money in the world.
If letting go of your trading is what it takes to embrace this may it happen.
My daughter is 5 and trading has actually made me get this truth into perspspective....we have glass cielings in our feeling lives too.
Love on brother....
GOD IS NOT SHORT OF CASH
  • #2,290
  • Jan 23, 2007 4:54pm Jan 23, 2007 4:54pm
YOU AND ME BOTH BROTHER.
Quoting habeeb
Nope, missed it. Even missed the long on swissy from 1.2379 area (signal on daily chart). My trading time is in shambles. Got to sort it out soon, or I'll have to change my trading style. Would really suck to have to change now
  • #2,291
  • Jan 23, 2007 4:55pm Jan 23, 2007 4:55pm
Example Chart
Attached Image
  • #2,292
  • Jan 23, 2007 5:01pm Jan 23, 2007 5:01pm
Quoting habeeb
14 month old son
oh forget trading! nothing more important!
  • #2,293
  • Jan 23, 2007 5:26pm Jan 23, 2007 5:26pm
Quoting mpathare
For it to be a pin bar wouldnt the price have to close below the previous days high, 19.785? Right now the body of the bar seems too big to qualify for a pin bar.

There was a 4h pin bar on GMT 12:00 that already moved 60 pips. That was the good trade at the top.
The daily has 30 minutes to go on my chart and would HAVE to close at or under 1.9770 preferably. Given that EURUSD and USDCHF are not very pro-dollar and that almost all 100 pips came off EURGP rising 40 pips (roughly 2:1 ratio) and that Gold and Oil are UP UP UP I wouldn't be hasty to buy dollars just yet.
Trust price. Know yourself.
  • #2,294
  • Jan 23, 2007 6:37pm Jan 23, 2007 6:37pm
Quoting mbqb11
I am also long on the eur/aud now 4 hr pin bar off resistance that goes back a ways. I am still learning to trade this pair. Gets real choppy, but usually will chop one way or the other. Pair doesnt shrink down enough to make it worth putting a picture up. But just check the daily chart for resistance and pin on the 4 hr.

Best,
Mike
see guys PA always tips us off on these FUNNYMENTALS, hope you all held your eur/aud positions

OK I COULDNT resist
that candle was too big booked 170, nutty news

Best,
Mike
  • #2,295
  • Jan 23, 2007 7:16pm Jan 23, 2007 7:16pm
hey mike, nice going man,
i got 75, my biggest win ever.
  • #2,296
  • Jan 23, 2007 8:45pm Jan 23, 2007 8:45pm
I got 120 pips yesterday from eur and us-jy 0.5 lot each. but still i lose capital since bad result (-45 pips) on gbp and guess what..it 2 lot.bad bad.
and mike your eur-aud top noche still on the market? ou..already booked 170 pips..nice then

Quoting Westie
hey mike, nice going man,
i got 75, my biggest win ever.
  • #2,297
  • Jan 23, 2007 8:48pm Jan 23, 2007 8:48pm
Quoting parlenk
I got 120 pips yesterday from eur and us-jy 0.5 lot each. but still i lose capital since bad result (-45 pips) on gbp and guess what..it 2 lot.bad bad.
and mike your eur-aud top noche still on the market? ou..already booked 170 pips..nice then
i am in other positions but closed eur/aud...will look for retrace to enter

Best,
Mike
  • #2,298
  • Jan 23, 2007 10:05pm Jan 23, 2007 10:05pm
Hi all,

this is gbp-jy 1H chart (the low just diff 1 pip).on the other hand i notice hanging man on the 4H (last 2 candle ).any opinion?
Attached Image
  • #2,299
  • Jan 23, 2007 10:09pm Jan 23, 2007 10:09pm
Quoting parlenk
Hi all,

this is gbp-jy 1H chart (the low just diff 1 pip).on the other hand i notice hanging man on the 4H (last 2 candle ).any opinion?

these bars are better when they arent in traffic so much and/or at retracements and other confluence. I have been long in g/j for awhile so i hope it goes

Mike
  • #2,300
  • Jan 23, 2007 10:09pm Jan 23, 2007 10:09pm
Missed that GBPUSD 4hr pin because I don't like trading near the end of the US session but maybe I should change this. I just anticipate the action thinning out but I guess after a busy session iI should expect the action to continue. Anybody have any thoughts on this? Maybe it will change my silly superstitious thinking (not like I have much proof backing up my thinking, heh).
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