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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

  • #13,701
  • Sep 17, 2008 8:25pm Sep 17, 2008 8:25pm
Quoting james16
pullback pin bars in a trend (or consolidation) to large round numbers with pivot zone/fib confluence can open the door to success in this business if you never learn another thing. this is the core of how i daytrade the mini dow/ns/sp. ive said it a thousand times but it really is just a question of practice. your a valued poster here ryan so dont let the BS get to you.

jim

Thanks Jim and this is your house and I am just a guest here It's just hard to get people to go with the trend, it's not as sexy as catching a CT trade but it sure does pay a lot better so you really have 2 options. You can say you caught the bottom and enjoy your job, or you can play lame old trend trades and never have to goto a job again.
Keep taking CT trades, I need more money
  • #13,702
  • Sep 17, 2008 8:26pm Sep 17, 2008 8:26pm
Also this market is kinda nuts as of late so if you are getting whipped around a little it happens to all of us. I took a crap trade today and lost 2% as I ended the day after my 1st trade because it's 100% news driven so very hard to catch a trend. I may sit the next few days out if we are going to have 300 pip swings, too big of moves for me.
Keep taking CT trades, I need more money
  • #13,703
  • Edited 11:01pm Sep 17, 2008 8:48pm | Edited 11:01pm
Quoting james16
pullback pin bars in a trend (or consolidation) to large round numbers with pivot zone/fib confluence can open the door to success in this business if you never learn another thing. this is the core of how i daytrade the mini dow/ns/sp. ive said it a thousand times but it really is just a question of practice. your a valued poster here ryan so dont let the BS get to you.

jim

Rynmcd:
Your Price Action method has just been given credibility. I look forward to seeing more of your charts.

Thanks,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #13,704
  • Sep 17, 2008 8:56pm Sep 17, 2008 8:56pm
Quoting Ryanmcd
Also this market is kinda nuts as of late so if you are getting whipped around a little it happens to all of us. I took a crap trade today and lost 2% as I ended the day after my 1st trade because it's 100% news driven so very hard to catch a trend. I may sit the next few days out if we are going to have 300 pip swings, too big of moves for me.
You're not wrong.

Have been taking quick profits and setting break even pretty quick the past few weeks. ...Instead of holding. Kinda weary of session changes too.

Index trading has been a lot easier than currencies lately. ....Except maybe G/J. Gotten pretty tuned in to that lately for some reason. That's about it though. lol
Bundy's status today: "Waiting..."
  • #13,705
  • Sep 18, 2008 7:06am Sep 18, 2008 7:06am
hi,

appreciating your input here ryan. Lemme get your opinion on a trade I took today. I started demoing the 5 min charts and made profit yesterday, but I guess some news spiked me out today. Would that normally be a trade you would take?

Chris
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  • #13,706
  • Sep 18, 2008 7:34am Sep 18, 2008 7:34am
Quoting creeper
hi,

appreciating your input here ryan. Lemme get your opinion on a trade I took today. I started demoing the 5 min charts and made profit yesterday, but I guess some news spiked me out today. Would that normally be a trade you would take?

Chris

Not really sure what you did here, did you go short or long?
Keep taking CT trades, I need more money
  • #13,707
  • Sep 18, 2008 7:39am Sep 18, 2008 7:39am
I went long on the break of the higher of these two bars. I handled them as a 2 bar pinbar.
  • #13,708
  • Sep 18, 2008 7:48am Sep 18, 2008 7:48am
Bought CAD or rather sorted the dollar, yesterday off the upper channel, 1hr pin, later a 4hr pin.
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  • #13,709
  • Sep 18, 2008 7:53am Sep 18, 2008 7:53am
Quoting HipsterPipster
Bought CAD or rather sorted the dollar, yesterday off the upper channel, 1hr pin, later a 4hr pin.
looks like a nice time to reverse
Money & Pain Respect the market, protect your capital, be patient
  • #13,710
  • Sep 18, 2008 7:53am Sep 18, 2008 7:53am
uncle jarroo,

I have been looking for u, i see that u are hear.

Is there any forex trader in the Forbe's richest people's list?

You response is of great importance.

Regards
Forex trading reveals the real you...
  • #13,711
  • Sep 18, 2008 7:54am Sep 18, 2008 7:54am
Quoting toyboy tramp
looks like a nice time to reverse
We will see, still early in the session.
  • #13,712
  • Sep 18, 2008 7:56am Sep 18, 2008 7:56am
Quoting HipsterPipster
Bought CAD or rather sorted the dollar, yesterday off the upper channel, 1hr pin, later a 4hr pin.


Nice one Hip..
  • #13,713
  • Sep 18, 2008 8:02am Sep 18, 2008 8:02am
Quoting rustyjeff
Nice one Hip..
Thanks Rusty, high probability.
  • #13,714
  • Sep 18, 2008 8:19am Sep 18, 2008 8:19am
I'm in USD/CAD going the other way. Looks like good 4 hour pin to me right at support.
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  • #13,715
  • Sep 18, 2008 8:23am Sep 18, 2008 8:23am
Quoting Betard
I'm in USD/CAD going the other way. Looks like good 4 hour pin to me right at support.
I took off my most vulnerable postions, 2/3 and am watching 1.0650-1.069 for short.
  • #13,716
  • Sep 18, 2008 8:25am Sep 18, 2008 8:25am
Stop now @ be
small pin, break out of triangle off 1.4500 area.
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  • #13,717
  • Sep 18, 2008 8:26am Sep 18, 2008 8:26am
Quoting Ehi
uncle jarroo,

I have been looking for u, i see that u are hear.

Is there any forex trader in the Forbe's richest people's list?

You response is of great importance.

Regards


Here's the list. enjoy!
http://www.forbes.com/2006/11/14/for...ct15_sort.html
  • #13,718
  • Sep 18, 2008 8:27am Sep 18, 2008 8:27am
Quoting Ehi
uncle jarroo,

I have been looking for u, i see that u are hear.

Is there any forex trader in the Forbe's richest people's list?

You response is of great importance.

Regards
Uncle jarroo...lol!
I believe . . .
  • #13,719
  • Sep 18, 2008 8:31am Sep 18, 2008 8:31am
Quoting rustyjeff
Stop now @ be
small pin, break out of triangle off 1.4500 area.
Nice Rusty, I was watching that consolidation myself.
  • #13,720
  • Sep 18, 2008 8:43am Sep 18, 2008 8:43am
Here's another 4 hour pin I'm looking to get in on the break of. It's with the current trend and bouncing off middle BB. I'm trying to use Ryan's method for longer timeframes than 5 mins.
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