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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

  • #12,521
  • Aug 13, 2008 12:12pm Aug 13, 2008 12:12pm
I am so excited abt this trade can't help sharing it, close to 600 pips banked on the Gj short, the short was triggered after the trendline break and due to that lovely divergence with the MACD.
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I believe . . .
  • #12,522
  • Aug 13, 2008 12:14pm Aug 13, 2008 12:14pm
Thanks Ghous. I'm gonna try it on my next trade. Really nice trade you got there ;]
  • #12,523
  • Aug 13, 2008 12:55pm Aug 13, 2008 12:55pm
A lot setups today ,this is one of them. Weekly downtrend line + nice daily support which i hope will be broke soon.
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  • #12,524
  • Aug 13, 2008 1:12pm Aug 13, 2008 1:12pm
Quoting Greenhaze
A lot setups today ,this is one of them. Weekly downtrend line + nice daily support which i hope will be broke soon.
Looks like the Monthly trend and fibos work as well. We'll see, just need price action to confirm.

Jmc
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  • #12,525
  • Aug 13, 2008 1:13pm Aug 13, 2008 1:13pm
Quoting Greenhaze
Maybe you could help me SL.
Is there any robot which will start when pending order trigger and eventually move s/l to breakeven after x pips?
Thanks Ghous. I personally am not on a MT4 so I don't have anything like that.
Trust price. Know yourself.
  • #12,526
  • Aug 13, 2008 1:18pm Aug 13, 2008 1:18pm
thoughts on this eur/aud pin??
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  • #12,527
  • Aug 13, 2008 1:30pm Aug 13, 2008 1:30pm
You are damn good "killer" Respect. i'm looking forward for another feed
  • #12,528
  • Aug 13, 2008 1:35pm Aug 13, 2008 1:35pm
Dealer sets price in the forex market. So for example Oanda isn't showing pinbars on NZD/USD or EUR/AUD right now, but other brokers are.

That totally sucks!
Money & Pain Respect the market, protect your capital, be patient
  • #12,529
  • Aug 13, 2008 1:37pm Aug 13, 2008 1:37pm
3 PinBars USDJPY AUDUSD USDCAD + we have dual pin bars on the eurusd and usdchf... I think the USDJPY has the most promise... time will tell...
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  • #12,530
  • Aug 13, 2008 1:40pm Aug 13, 2008 1:40pm
Quoting toyboy tramp
Dealer sets price in the forex market. So for example Oanda isn't showing pinbars on NZD/USD or EUR/AUD right now, but other brokers are.

That totally sucks!
I think most traders go by IBFX or FXDD MT4 charts... that's what I use and it works perfectly every time...
  • #12,531
  • Aug 13, 2008 1:41pm Aug 13, 2008 1:41pm
Quoting toyboy tramp
Dealer sets price in the forex market. So for example Oanda isn't showing pinbars on NZD/USD or EUR/AUD right now, but other brokers are.

That totally sucks!
This has to do with when your broker bar closes. Oanda has a different daily close then say FXpro does. This will cause a different look to the bars, but price still did the same thing.

This is part of an uncentralized market

Take care
Mike
  • #12,532
  • Aug 13, 2008 1:44pm Aug 13, 2008 1:44pm
Nice charts everyone. These are some setups that I am currently favor if they close this way. The AUDUSD and the USDJPY pins look nice. I also like the length of the Bullish outside bar for the NZDUSD. Any thoughts?
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  • #12,533
  • Aug 13, 2008 1:45pm Aug 13, 2008 1:45pm
Quoting soeasy69
3 PinBars USDJPY AUDUSD USDCAD + we have dual pin bars on the eurusd and usdchf... I think the USDJPY has the most promise... time will tell...
Yeah, usdjpy breaked the resistance, goed up a little, now retested the resistance and found support on it, a further up-move looks possible to me too!
  • #12,534
  • Aug 13, 2008 1:52pm Aug 13, 2008 1:52pm
Quoting Crown
Nice charts everyone. These are some setups that I am currently favor if they close this way. The AUDUSD and the USDJPY pins look nice. I also like the length of the Bullish outside bar for the NZDUSD. Any thoughts?
Got my eye on the Aussie, Kiwi, and their respective yen pairs. I have to pass on dollar yen. Just looks like it's ready to stall once the pin breaks. Take a look at Australia Yen looks like a lot more space. But then, what do i know, still learning.
"Don't trade to trade . . . trade to win." - James16
  • #12,535
  • Aug 13, 2008 3:04pm Aug 13, 2008 3:04pm
Quoting toyboy tramp
Dealer sets price in the forex market. So for example Oanda isn't showing pinbars on NZD/USD or EUR/AUD right now, but other brokers are.

That totally sucks!
oanda's daily's close at 9pm PST (versus other brokers where the close is 2pm PST). often though, i find the really good set-ups are confirmed later w/ oanda's daily close ...
"Believe nothing you hear and half of what you see." Proverb
  • #12,536
  • Aug 13, 2008 3:29pm Aug 13, 2008 3:29pm
Greetings from London.

It's been a while since I've been here but hope that Jim and all you guys are doing well.

I'm still faithfully trading the PA and making a living from it

Some big moves lately in the majors. I feel that Cable may present a good buying opportunity in the region of 1.8500 - 1.8600. I'll wait and see what the PA shows.

Tom
  • #12,537
  • Aug 13, 2008 3:29pm Aug 13, 2008 3:29pm
Awesome, Ghous! I entered short on the break of the weekly IB. Looks like we may have hit a wall at 204 though... we'll see.

Scott

Quoting ghous
I am so excited abt this trade can't help sharing it, close to 600 pips banked on the Gj short, the short was triggered after the trendline break and due to that lovely divergence with the MACD.
  • #12,538
  • Aug 13, 2008 3:38pm Aug 13, 2008 3:38pm
Quoting the_wizard
Greetings from London.

It's been a while since I've been here but hope that Jim and all you guys are doing well.

I'm still faithfully trading the PA and making a living from it

Some big moves lately in the majors. I feel that Cable may present a good buying opportunity in the region of 1.8500 - 1.8600. I'll wait and see what the PA shows.

Tom
hey wiz ... im new to thread, but i got a LOT out of your reading your posts and always wondered and hoped you would reappear!! alas you have and hope you will stick around.
"Believe nothing you hear and half of what you see." Proverb
  • #12,539
  • Aug 13, 2008 3:43pm Aug 13, 2008 3:43pm
Quoting the_wizard
Greetings from London.

It's been a while since I've been here but hope that Jim and all you guys are doing well.

I'm still faithfully trading the PA and making a living from it

Some big moves lately in the majors. I feel that Cable may present a good buying opportunity in the region of 1.8500 - 1.8600. I'll wait and see what the PA shows.

Tom
Good to see you back. You may not know me but I know your posts. Great stuff.
Indicators show the past. Price Action "Indicates" the future.
  • #12,540
  • Aug 13, 2008 3:45pm Aug 13, 2008 3:45pm
Quoting toyboy tramp
Dealer sets price in the forex market. So for example Oanda isn't showing pinbars on NZD/USD or EUR/AUD right now, but other brokers are.

That totally sucks!

Hi toyboy,

I also use oanda, but you canīt do charting with oanda. Its bad bad bad.
I use fxpro for charting, it closes one hour before oandas daily :-)

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