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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

  • #2,501
  • Feb 5, 2007 10:41am Feb 5, 2007 10:41am
Quoting mbqb11
Seeking with the gbp/jpy and eur/jpy since they are up more then down, taking profit is always viable. But try a trail on the previous bars high. Unless you really feel its reversal time.

seeking i forgot to say to you in our PM that if you are making a bunch of trades a day, its kind of different and difficult to be holding all these trades. I make less and less trades every week now.

Hey Mike, thanks again.

Yes, basically that's what I'm realizing, too....take less trades, hold em longer, if there's "need" to take intraday trades then trade in the current direction and just add to the trade on pullbacks for example...

I'm going to try and be brave with EJ as there is widespread talk and rumoring of carry unwinding pre-G7 and as long as fear is spreading who knows where we could go.
Usually it's just blah-blah, but heck, if it works...

Not so happy with my other open positions, I went long Kiwi on the 1h PB with a small stop to see where we can go and am long dollar on other pairs...what a mess.
Trust price. Know yourself.
  • #2,502
  • Feb 5, 2007 2:06pm Feb 5, 2007 2:06pm
I don't know if you bailed or held on Mike, I entered the Kiwi trade on this 1h pin.
I think we're currently at a great place for our enemies to go short - if we can break on through to the other side (*cue music here*) then we might be good to go and cleared for takeoff....

Here's where and why I entered.
Attached Image
Trust price. Know yourself.
  • #2,503
  • Feb 5, 2007 2:11pm Feb 5, 2007 2:11pm
Quoting SeekingLight
I don't know if you bailed or held on Mike, I entered the Kiwi trade on this 1h pin.
I think we're currently at a great place for our enemies to go short - if we can break on through to the other side (*cue music here*) then we might be good to go and cleared for takeoff....

Here's where and why I entered.
still holding, today is ending on complete indecision (just like everything else! big suprise right). Only other thing i was able to do was make some pips on the pound today(not based on PA tho) Slow monday as per usual it seems.

best,
Mike
  • #2,504
  • Feb 5, 2007 6:57pm Feb 5, 2007 6:57pm
Daily Pin on the USDCHF. The left eye still has a lower close of 2480 compared to 2483 today (yesterday).
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  • #2,505
  • Feb 5, 2007 7:11pm Feb 5, 2007 7:11pm
Quoting goodthings
Daily Pin on the USDCHF. The left eye still has a lower close of 2480 compared to 2483 today (yesterday).
this is a pin bar, but its placement is rather bad. It is in traffic, so a trade like this may be good to give you direction on some lower charts, but I wouldnt take this one and try to hold it. were really whipsawing around these last few weeks

Best,
Mike
  • #2,506
  • Feb 5, 2007 10:33pm Feb 5, 2007 10:33pm
Hi all,

Anyone on Gbp-Jy? this is the 4H chart of Pound-Yen from metatrader.i think it's going up.hmm i wanna long i wanna long
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  • #2,507
  • Feb 5, 2007 10:58pm Feb 5, 2007 10:58pm
Hi there again,

Here is a pinbar on us-jy.so if us-jy going up,hope it will move the bp-jy up too.plus the Gbp ranging or down but not drop,if both of them going up,the gbp-jy will absolutely up too. 4H interbank chart
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  • #2,508
  • Feb 5, 2007 11:12pm Feb 5, 2007 11:12pm
test what time is it pac time
  • #2,509
  • Feb 6, 2007 2:28am Feb 6, 2007 2:28am
hi,

nice trade on early day.closed my long on us-jy and gbp-jy.happy trade all

cheers
  • #2,510
  • Feb 6, 2007 2:48am Feb 6, 2007 2:48am
Hi there,

Anyone on Eur-usd long action? take a look at this 4H Chart.there is a pinbar.opinion please? 7th feb will be G7 meeting.is it ok to enter now or just wait? thx


cheers
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  • #2,511
  • Feb 6, 2007 4:04am Feb 6, 2007 4:04am
Here's a picture that should show what's wrong with the current market and why nothing seems to work....

Conflict. VERY annoying. After running quite nicely giving back a lot to the market.
First USDCHF daily for illustration.
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Trust price. Know yourself.
  • #2,512
  • Feb 6, 2007 4:13am Feb 6, 2007 4:13am
More fog of FX war on cable
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Trust price. Know yourself.
  • #2,513
  • Feb 6, 2007 4:31am Feb 6, 2007 4:31am
Hello,

Here is the 4H chart GBP(close half-another half just riding to 1.9720.I enter the market by the trendline that brake.on eur (open) i enter by pinbar signal on 4H same as the us-jy and the bp-jy based on pinbar too (already close).
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  • #2,514
  • Feb 6, 2007 5:21am Feb 6, 2007 5:21am
1H micro view of that 4h stuff.

Once again illustrates that you should hold on to trades until they're worth their stop a few times over if at all possible.
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Trust price. Know yourself.
  • #2,515
  • Feb 6, 2007 11:21am Feb 6, 2007 11:21am
a pinbar ? here 2 bars ago on the hourly
  • #2,516
  • Feb 6, 2007 11:30am Feb 6, 2007 11:30am
outside bar thingy?
  • #2,517
  • Feb 6, 2007 11:47am Feb 6, 2007 11:47am
If this day closed above yesterday high.

cheers

Quoting Jimmywa
outside bar thingy?
  • #2,518
  • Feb 6, 2007 3:56pm Feb 6, 2007 3:56pm
pin here ?
  • #2,519
  • Feb 6, 2007 4:12pm Feb 6, 2007 4:12pm
Quoting Jimmywa
pin here ?
different feeds will show diff bar patterns so it will be easier if you post a pic, but on my feed there is no pin on the usd/cad just ranging(daily looks to be forming and I4B)

Mike
  • #2,520
  • Feb 6, 2007 4:16pm Feb 6, 2007 4:16pm
I'm sure most of you have seen, but for those that haven't there is a double-low, high close forming on the EUR/USD daily.
Life is too short to have anything but delusional notions about yourself.
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