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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

  • #19,041
  • Jan 19, 2009 2:27am Jan 19, 2009 2:27am
Quoting james16
HERE YA GO STEVE. since i was about to post this chart and reply to your post i will just dedicate this to you. welcome.
Thanks James, much appreciated.

Steve.
"The more I practice, the luckier I get." (Gary Player)
  • #19,042
  • Jan 19, 2009 2:43am Jan 19, 2009 2:43am
Quoting james16
HERE YA GO STEVE. since i was about to post this chart and reply to your post i will just dedicate this to you. welcome.
AMAZING!! Thanks JIM
"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #19,043
  • Jan 19, 2009 5:22am Jan 19, 2009 5:22am
Quoting james16
CHART
And a possible h&s on the 4hr with neckline around 1.9500ish Lets see what price action tells us.
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  • #19,044
  • Jan 19, 2009 6:10am Jan 19, 2009 6:10am
Daily pin. Entered based on 1h pin after a pullback to reduce stop loss and got stoplossed. My bias however is still to the upside.. Was this 1hour entry too risky to get involved or not? Not much experience with E/G either. Thanks in advance!
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  • #19,045
  • Jan 19, 2009 6:21am Jan 19, 2009 6:21am
Go back to prev support??

Sonic
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  • #19,046
  • Jan 19, 2009 6:37am Jan 19, 2009 6:37am
Quoting Pipsi cola
Daily pin. Entered based on 1h pin after a pullback to reduce stop loss and got stoplossed. My bias however is still to the upside.. Was this 1hour entry too risky to get involved or not? Not much experience with E/G either. Thanks in advance!
Looks you picked a good entry. The Pin occurs within previous small swing which I would consider range already. So I'd chose a very moderate target, like prev. swing high, and move my SL to BE quick, or even take some profit at Pin high. Not sure when you got into the trade though.
  • #19,047
  • Jan 19, 2009 7:20am Jan 19, 2009 7:20am
Quoting islandtrader
Looks you picked a good entry. The Pin occurs within previous small swing which I would consider range already. So I'd chose a very moderate target, like prev. swing high, and move my SL to BE quick, or even take some profit at Pin high. Not sure when you got into the trade though.
Thanks for the reply. Break of 1h pin was my entry and stop below the same pin bar (just above 9000 level). Now I see that price has found some SUP @ 9000. It didn't give me a chance to go BE. I guess 1H itself IS risky to play with, but would you play this E/G daily pin alone considering the location it's currently in and R:R being close to 1:1 according to my chart analysis..
  • #19,048
  • Jan 19, 2009 7:29am Jan 19, 2009 7:29am
Quoting Pipsi cola
Thanks for the reply. Break of 1h pin was my entry and stop below the same pin bar (just above 9000 level). Now I see that price has found some SUP @ 9000. It didn't give me a chance to go BE. I guess 1H itself IS risky to play with, but would you play this E/G daily pin alone considering the location it's currently in and R:R being close to 1:1 according to my chart analysis..
I wouldn't have taken this Pin as the previous wave wasn't large enough and the first target too close. It can be a good idea to enter from the 1hr, but in this case the 1 hour pin was to close to previous to candles forming kind of railroad track, price didn't have a chance to retrace to get you in at a bargain.
  • #19,049
  • Jan 19, 2009 7:58am Jan 19, 2009 7:58am
Quoting Pipsi cola
Thanks for the reply. Break of 1h pin was my entry and stop below the same pin bar (just above 9000 level). Now I see that price has found some SUP @ 9000. It didn't give me a chance to go BE. I guess 1H itself IS risky to play with, but would you play this E/G daily pin alone considering the location it's currently in and R:R being close to 1:1 according to my chart analysis..
Could you throw up a 1H chart here marking the Pin you took??
I believe . . .
  • #19,050
  • Edited 8:04am Jan 19, 2009 8:00am | Edited 8:04am
Quoting islandtrader
I wouldn't have taken this Pin as the previous wave wasn't large enough and the first target too close. It can be a good idea to enter from the 1hr, but in this case the 1 hour pin was to close to previous to candles forming kind of railroad track, price didn't have a chance to retrace to get you in at a bargain.
Got it. Thanks.
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  • #19,051
  • Jan 19, 2009 9:19am Jan 19, 2009 9:19am
Quoting sonicdeejay
Go back to prev support??

Sonic

http://www.forexfactory.com/attachme...1&d=1232367709
I guess.. pictures speak a thousand words..

Sonic
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  • #19,052
  • Jan 19, 2009 10:01am Jan 19, 2009 10:01am
Hi Guys,

Anyone thinking of taking U/J or E/J weekly pins if they break? Or anyone stalking other trades on the weeklies? There were some great A+ trades on weeklies last week, so I am looking at them with renewed enthusiasm! Am trying to develop my discipline so have no traded today yet as no A+ setups on my charts - this is a positive step in my development!

Good trading all,

berti
PA is where its at!!
  • #19,053
  • Jan 19, 2009 10:35am Jan 19, 2009 10:35am
Quoting bertie123
Hi Guys,

Anyone thinking of taking U/J or E/J weekly pins if they break? Or anyone stalking other trades on the weeklies? There were some great A+ trades on weeklies last week, so I am looking at them with renewed enthusiasm! Am trying to develop my discipline so have no traded today yet as no A+ setups on my charts - this is a positive step in my development!

Good trading all,

berti
if you're talking about long then yes. I just closed my my intraday shorts since (sunday gap open) on e/j, g/j and looking for a sign of exhaustion to go long uj, ej, gj and gu again
  • #19,054
  • Jan 19, 2009 10:40am Jan 19, 2009 10:40am
EUR/JPY and CHF/JPY weekly PINs have already been broken on my chart
  • #19,055
  • Jan 19, 2009 10:41am Jan 19, 2009 10:41am
Quoting raczekfx
if you're talking about long then yes. I just closed my my intraday shorts since (sunday gap open) on e/j, g/j and looking for a sign of exhaustion to go long uj, ej, gj and gu again
Still waiting are you....
  • #19,056
  • Jan 19, 2009 10:45am Jan 19, 2009 10:45am
Crystall ball, vodooo???

Quoting raczekfx
if you're talking about long then yes. I just closed my my intraday shorts since (sunday gap open) on e/j, g/j and looking for a sign of exhaustion to go long uj, ej, gj and gu again
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #19,057
  • Jan 19, 2009 11:19am Jan 19, 2009 11:19am
Raczek,

Thaqnks for your reply. What indicatorsinformation do you consider when you look for signs of 'exhaustion'? Do you merely consider the PA?
PA is where its at!!
  • #19,058
  • Jan 19, 2009 11:54am Jan 19, 2009 11:54am
Quoting bertie123
Raczek,

Thaqnks for your reply. What indicatorsinformation do you consider when you look for signs of 'exhaustion'? Do you merely consider the PA?
a bounce forming triple bottom on smaller tf around ppz would be one of them.
  • #19,059
  • Edited 1:19pm Jan 19, 2009 12:08pm | Edited 1:19pm
4 Hour PB on the Cad (FxPro feed).
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Indicators show the past. Price Action "Indicates" the future.
  • #19,060
  • Jan 19, 2009 1:13pm Jan 19, 2009 1:13pm
hey guys,
is dis a tml indicating a trend continuation to the downside...its a one pip difference...thanks for ur reply in advance
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