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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

  • #17,261
  • Dec 19, 2008 2:24am Dec 19, 2008 2:24am
Quoting jarroo
And then naturally Price moves down to my 1st target after I take some off the table. lolol
edit

2nd target is 1.15 looks like a ppz there
Patience + Humility + Study = Success
  • #17,262
  • Dec 19, 2008 2:29am Dec 19, 2008 2:29am
Quoting DutchTrader
Gotcha, first target for me on the CHF is 1.15
Looks good Dutch.

On the Euro I don't say "man I wish stayed in a little longer". I don't say that any more. Because it was more like "Why didn't I take some of that 200 pip move off the table, now I'm -45 pips". LOL
Indicators show the past. Price Action "Indicates" the future.
  • #17,263
  • Dec 19, 2008 2:31am Dec 19, 2008 2:31am
Ok I'm all locked down. Gotta go.

Patience pays.

Oh and . . . PA Rules.

Later,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #17,264
  • Dec 19, 2008 2:38am Dec 19, 2008 2:38am
Target of 1.3907 seems acheivable!!
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #17,265
  • Dec 19, 2008 2:40am Dec 19, 2008 2:40am
Quoting jarroo
Looks good Dutch.
Wait a minute did you mean 1.1500 or 1.1150.

1.1500 is pretty bold, man.
Indicators show the past. Price Action "Indicates" the future.
  • #17,266
  • Dec 19, 2008 2:41am Dec 19, 2008 2:41am
while the 2 main shows are going on withe the euro & swissy i took a trade on the gbp as well.
reasons .. gbp weekness, re-enter after a strong bear bar.
break of small 4hr pin.


yes of course i'm in the other 2 as well.
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  • #17,267
  • Dec 19, 2008 2:44am Dec 19, 2008 2:44am
Quoting jarroo
Looks good Dutch.

On the Euro I don't say "man I wish stayed in a little longer". I don't say that any more. Because it was more like "Why didn't I take some of that 200 pip move off the table, now I'm -45 pips". LOL
LOL I've ssssoooo been there.
Patience + Humility + Study = Success
  • #17,268
  • Dec 19, 2008 2:46am Dec 19, 2008 2:46am
Quoting rustyjeff
while the 2 main shows are going on withe the euro & swissy i took a trade on the gbp as well.
reasons .. gbp weekness, re-enter after a strong bear bar.
break of small 4hr pin.
yes of course i'm in the other 2 as well.
The GBP was a classic DIBS trade that I missed... Glad someone got it.
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Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #17,269
  • Dec 19, 2008 2:47am Dec 19, 2008 2:47am
nice calls on here! - are they always this good ??
  • #17,270
  • Dec 19, 2008 2:50am Dec 19, 2008 2:50am
Quoting jarroo
Wait a minute did you mean 1.1500 or 1.1150.

1.1500 is pretty bold, man.
I just woke up, 1.1150 sorry
Patience + Humility + Study = Success
  • #17,271
  • Dec 19, 2008 2:53am Dec 19, 2008 2:53am
USDCAD 2 day Pinbar
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  • #17,272
  • Dec 19, 2008 2:53am Dec 19, 2008 2:53am
I took 100 pips each off EU and the swissy.
Could/will be more, but, as I'd taken an earlier decision to cease trading at the end of today for Christmas & New Year, I didn't want to allow the trade to end up as anything other than positive.
Festive psychology!
Good luck to all those still in play.
  • #17,273
  • Dec 19, 2008 2:53am Dec 19, 2008 2:53am
Quoting advfntrader
nice calls on here! - are they always this good ??
These are'nt really calls just a discussion of technical analysis the james way, don't consider them calls, it's more of a sharing and caring thingie going on here
I believe . . .
  • #17,274
  • Dec 19, 2008 3:05am Dec 19, 2008 3:05am
Quoting mbqb11
Hey Ed,

Been great to chat with you through PM,

As always Jim knows his stuff and is always a big help

I use divergence as just another "tool".

(..)

See chart

Hope that helps
Mike
Hi Mike and Jaroo!

Thanks to you both, now its more clear!
This thread is really great place to understand what fx actually is and how to trade in it. And with such a help... It is amazing! Thanks to you all guys! And to James16 thanks as well, of course!

Ed
  • #17,275
  • Dec 19, 2008 3:30am Dec 19, 2008 3:30am
Quoting jarroo
Nice fxpilot. (expert lol)

I like the nice round number 1.4000 which is at my PPZ. Could go to 1.3900. (1st half)

Then 2nd half to just above break even. Maybe to the left eye level.

Hi Jarroo,

Thank you for your advice. I was all out at 1.4000. I have learnt a lot from you both here and in your DIBS thread, hence my reference to you as an expert!! Price action rules everytime! I am finished for the day and would like to hear your thoughts on trading for the remainder of this month with low liquidity and volumes caused by the holidays approaching.

fxpilot
  • #17,276
  • Dec 19, 2008 3:52am Dec 19, 2008 3:52am
Thanks Guyz for all your assistance, especially ghous,Jarro,mbq11 and jim(james16).


u guyz have been wonderful, i took usdchf and am happy that i was able to spot one that met criteria as stated by mike in the video.


i have a question, if eurusd is really a pinbar, can we say nzdusd is also one?
here is my chart


I know that the open and close of the pinbar must be within the previous bar as stated in a reply of one of my post but does the size of the body of the pin bar matters matters?


in wot ration shd the body be to the whole candlestick, 70/30 or 80/20. I just need some more definite clarification

Thanks
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  • #17,277
  • Dec 19, 2008 4:10am Dec 19, 2008 4:10am
Quoting fxprocessor
Hi Jaroo

EURUSD

1st target 1.4052 hit
2nd target 1.3912

cheers
I'm closing this at 1.3950 time for holiday rest.

This is getting easier as time passes :-)

cheers
fxp
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  • #17,278
  • Dec 19, 2008 4:13am Dec 19, 2008 4:13am
Quoting ghous
These are'nt really calls just a discussion of technical analysis the james way, don't consider them calls, it's more of a sharing and caring thingie going on here
nice to see you here today ghous, where you been ?

Joe
  • #17,279
  • Dec 19, 2008 4:32am Dec 19, 2008 4:32am
started off the week well and finishing strong. This has happened now for the last 4 weeks.

From now on I'm only trading Mondays and Fridays, I can't seem to trust myself on Tuesday, Wednesday and Thursday.

ah i can see the pattern now - only trade on days with 6 letters

Have a great Xmas all.

cheers

Simon
  • #17,280
  • Dec 19, 2008 4:33am Dec 19, 2008 4:33am
Hi guys, I entered USDCHF, late last night at an confluence of a PB and dayli pivot.

So, the trade is going good at this time is 150 pips profits, my questions is:

What should I do now?
I put and Take profit order at 1.1131, but What should I do now to protect all that profits that I got now?

I really appreciate Any help since exit is my major problem using PA.

thank you....
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