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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

  • #15,721
  • Nov 24, 2008 9:41pm Nov 24, 2008 9:41pm
Quoting rustyjeff
couple of trades i'm in.
Playing retace of daily bar. look to take profit @ blue boxes. would be nice to see some pa at the blue areas to go long again..
Why would you prefer to spend more Borker Ante as opposed to a continuation south to the 100% & perhaps beyond?

Do you have a predjudice?
  • #15,722
  • Nov 24, 2008 9:47pm Nov 24, 2008 9:47pm
Quoting sonicdeejay
thx buddy...

care to post t pic??

Sonic
Just 5m entries, with 4hr confirmation.
My first entries were: Shorted EU from 1.2937, stop of ~17.
Shorted AU from .6523, stop of ~17.
I took profit on both after they were rejected at the yellow center lines.
New shorts are in chart:

AU tentative tp ~.6345 and EU ~1.2810, depending on pa action.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au.jpg Size: 688 KB
Click to Enlarge Name: eu.jpg Size: 675 KB
  • #15,723
  • Nov 24, 2008 9:56pm Nov 24, 2008 9:56pm
Quoting Bemac
Why would you prefer to spend more Borker Ante as opposed to a continuation south to the 100% & perhaps beyond?

Do you have a predjudice?
No predjudice,
I like to take some profit at the first obvious s/r, then get to be.
I have alerts set around the s/r areas to see what pa is doing at the time.
I must admit though I still find it difficult to let trades run for weeks.
  • #15,724
  • Nov 24, 2008 10:49pm Nov 24, 2008 10:49pm
How's the Usd/Jpy 4 hour PB looking guys?
Indicators show the past. Price Action "Indicates" the future.
  • #15,725
  • Nov 24, 2008 10:59pm Nov 24, 2008 10:59pm
Quoting jarroo
How's the Usd/Jpy 4 hour PB looking guys?
Coming along mate....up +40 pips at the moment.....25 pips to go until first T/P level
  • #15,726
  • Nov 24, 2008 11:01pm Nov 24, 2008 11:01pm
Quoting tehuringa
Coming along mate....up +40 pips at the moment.....25 pips to go until first T/P level
Nice tehuringa.

Price Action RULES!
Indicators show the past. Price Action "Indicates" the future.
  • #15,727
  • Nov 24, 2008 11:38pm Nov 24, 2008 11:38pm
Quoting raczekfx
it could be, I don't know.
I'm quite content with drops on yen crosses. Booked nice profit on half, other half is at BE, so it does not really matter ...
My account stands at $ 102 now....

Keep up the good work, maybe someday you can quit that fulltime IT job and not have to work on that booking site as well. I keep busy with video games and trade the 5min. Yes it's a fulltime job but I think I will keep it
Keep taking CT trades, I need more money
  • #15,728
  • Nov 25, 2008 12:23am Nov 25, 2008 12:23am
Quoting HipsterPipster
Just 5m entries, with 4hr confirmation.
My first entries were: Shorted EU from 1.2937, stop of ~17.
Shorted AU from .6523, stop of ~17.
I took profit on both after they were rejected at the yellow center lines.
New shorts are in chart:

AU tentative tp ~.6345 and EU ~1.2810, depending on pa action.
U go for big lots or big pips??

I used diff TF confirmation too...

Sonic
Attached Image (click to enlarge)
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  • #15,729
  • Nov 25, 2008 1:14am Nov 25, 2008 1:14am
Quoting Ryanmcd
Keep up the good work, maybe someday you can quit that fulltime IT job and not have to work on that booking site as well. I keep busy with video games and trade the 5min. Yes it's a fulltime job but I think I will keep it
Half Life 2 Rules.
Indicators show the past. Price Action "Indicates" the future.
  • #15,730
  • Nov 25, 2008 1:32am Nov 25, 2008 1:32am
Quoting jarroo
Half Life 2 Rules.
And World of Warcraft sux. lol
Bundy's status today: "Waiting..."
  • #15,731
  • Nov 25, 2008 2:34am Nov 25, 2008 2:34am
How pretty was that PB. Nice.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #15,732
  • Nov 25, 2008 2:44am Nov 25, 2008 2:44am
On my chart this one isn't a pin bar. It's hard to trade when my bars close different time. Is there anything to on on that?
Attached Image (click to enlarge)
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  • #15,733
  • Nov 25, 2008 3:04am Nov 25, 2008 3:04am
Quoting fx-Junior
On my chart this one isn't a pin bar. It's hard to trade when my bars close different time. Is there anything to on on that?
Price Action formations with different brokers with different bar closes tends to balance out in the long run. Why not get another broker meta trader account and compare PAs on both.

Notice that the PPZ is the same.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #15,734
  • Nov 25, 2008 4:24am Nov 25, 2008 4:24am
Quoting raczekfx
it could be, I don't know.
I'm quite content with drops on yen crosses. Booked nice profit on half, other half is at BE, so it does not really matter ...
My account stands at $ 102 now....
Raczek, you said you are making 0.3% per day. Now it seems more. SLOW DOWN!
One Chart is Worth Ten Thousand Words.
  • #15,735
  • Nov 25, 2008 4:24am Nov 25, 2008 4:24am
Quoting jarroo
I got the same. Thanks.

I would like the head of that PB to be red, still it looks good.
Jaroo, does the colour of PB makes any/much difference?
One Chart is Worth Ten Thousand Words.
  • #15,736
  • Nov 25, 2008 4:26am Nov 25, 2008 4:26am
Quoting jarroo
Think you answered your own questions 007.

Depends on your goals as a individual trader. If your looking to catch the larger trend and ride it long term, then the "free trade" is the way to go. Locking in profits is never a bad decision. I'm not big on Risk/Reward. I'm a Risk/Potential profit guy.

Adding to a position after confirming PA after a retracement or clearing S/R levels. Yes, I agree with that.
Thanks a lot, Jaroo!
One Chart is Worth Ten Thousand Words.
  • #15,737
  • Nov 25, 2008 4:50am Nov 25, 2008 4:50am
Quoting Forex007
Jaroo, does the colour of PB makes any/much difference?
Not as important as the location amd supporting confluences. But it would be nice if a bearish PB was red and a Bullish PB green. I think the length of the nose and the size of the head are more important then color. imo.
Indicators show the past. Price Action "Indicates" the future.
  • #15,738
  • Nov 25, 2008 4:52am Nov 25, 2008 4:52am
USD/CAD
H4 PB H1 BEOB. 10 min left.
Attached Image (click to enlarge)
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  • #15,739
  • Nov 25, 2008 4:58am Nov 25, 2008 4:58am
Quoting Greenhaze
USD/CAD
H4 PB H1 BEOB. 10 min left.
Looks good Green.
Indicators show the past. Price Action "Indicates" the future.
  • #15,740
  • Nov 25, 2008 5:04am Nov 25, 2008 5:04am
This one looks promising right now. 50% & S/R pivot confluence.

E/J
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