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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

  • #19,181
  • Jan 20, 2009 10:59pm Jan 20, 2009 10:59pm
Quoting flyer415
Anybody else jump on the 4H PB on GBPJPY. Just closed it for 100 pips. Shows on the ATC feed.
Hi Flyer,
Which broker feed do you have that had pin bar in 4h for GJ?

Thanks,
BK
  • #19,182
  • Jan 20, 2009 11:10pm Jan 20, 2009 11:10pm
Hi james,

Just taking a glance at the Eur/Aud that you mentioned Looks like support kicked that baby up a notch. The spread on this pair is a little too wide for me but I thought some of you might find it of interest.
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  • #19,183
  • Edited 11:46pm Jan 20, 2009 11:30pm | Edited 11:46pm
My feed is ATCBrokers. The beauty of it was that I got the text page to my phone for a possible positive PB on GBPJPY. Took all of 5 minutes to confirm, look at S/R and make the trade. mine you I also got an alert at the same time on GBPCHF but as Clockwork would say it had no space around it.
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  • #19,184
  • Jan 20, 2009 11:50pm Jan 20, 2009 11:50pm
Quoting unlv_tj
Jim, I agree with your words 100%. I just didn't expect the markets to tank again today, at least not so strong.

I am prepared for country collapse or not. My family has farm land and hunts and has plenty of ammo. If worst comes to worst, I am prepared. But I am hopeful for the best.

Thank you for your hard work and sharing with us new traders. I greatly appreciate it.
for what it is worth, when I was running today CNBC ran a stat( I believe this is correct, but please if I am wrong don't hold me to it). That 72% of inauguration days ended bearish(this was of course the worst % wise). Next time I will remember that stat . All about probabilities. But in the end just let the charts guide you

Mike
  • #19,185
  • Jan 20, 2009 11:58pm Jan 20, 2009 11:58pm
Going Toward "Orange Box"??


Sonic
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  • #19,186
  • Jan 21, 2009 12:00am Jan 21, 2009 12:00am
for years those of us that have been stockpiling food and ways to protect our families in case of a worst case scenario have been called every name in the book. i hope that day never comes and that all of my stockpiles are wasted money...truly i do...but im prepared and thats all that matters to me.

jim

Quoting unlv_tj
Jim, I agree with your words 100%. I just didn't expect the markets to tank again today, at least not so strong.

I am prepared for country collapse or not. My family has farm land and hunts and has plenty of ammo. If worst comes to worst, I am prepared. But I am hopeful for the best.

Thank you for your hard work and sharing with us new traders. I greatly appreciate it.
  • #19,187
  • Jan 21, 2009 12:00am Jan 21, 2009 12:00am
Quoting sonicdeejay
Going Toward "Orange Box"??


Sonic
Yep
Patience + Humility + Study = Success
  • #19,188
  • Jan 21, 2009 12:15am Jan 21, 2009 12:15am
Quoting james16
for years those of us that have been stockpiling food and ways to protect our families in case of a worst case scenario have been called every name in the book. i hope that day never comes and that all of my stockpiles are wasted money...truly i do...but im prepared and thats all that matters to me.

jim
What's that song? "I got shogun, a rifle, and 4-wheel drive and a country boy can survive."

Yeah, I pray we don't go into a Mad Max / Road Warrior situation, but I'm ready, too.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #19,189
  • Jan 21, 2009 12:15am Jan 21, 2009 12:15am
Just placed two pending orders on Daily PB. Took the conservative approach of placing the orders at the respective open/closes of the PB.
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  • #19,190
  • Jan 21, 2009 12:19am Jan 21, 2009 12:19am
Quoting flyer415
Just placed two pending orders on Daily PB. Took the conservative approach of placing the orders at the respective open/closes of the PB.

Heads up flyer, neither bars closed within the previous bar, therefore not making them a Pin Bars.
  • #19,191
  • Jan 21, 2009 12:19am Jan 21, 2009 12:19am
Quoting flyer415
Just placed two pending orders on Daily PB. Took the conservative approach of placing the orders at the respective open/closes of the PB.
Neither are pinbars.

Neither closed within the previous daily bar.
  • #19,192
  • Jan 21, 2009 12:20am Jan 21, 2009 12:20am
Quoting Blackinc
Heads up flyer, the bar didn't close within the previous bar, therefore not making it a Pin Bar.
D***, still learning this. Thanks for the headsup. Will now take a relook. Still getting too excited.
  • #19,193
  • Jan 21, 2009 12:25am Jan 21, 2009 12:25am
So I deleted both pending orders. Better to be conservative as there will be other trades. I had forgotten about the "true" definition of a PB and I was going more on appearance. The funny part is that my indicator did not flag them as PBs but hey what does an indicator know.

Obviously knows more then i do.

Thanks to both of you for the quick review.
  • #19,194
  • Jan 21, 2009 12:45am Jan 21, 2009 12:45am
Quoting flyer415
Just placed two pending orders on Daily PB. Took the conservative approach of placing the orders at the respective open/closes of the PB.
u r being courage...buddy

Sonic
  • #19,195
  • Jan 21, 2009 1:20am Jan 21, 2009 1:20am
Quoting james16
...or if he proves he is not going to move this country toward socialism it will be very nervous.
It's had me worried lately. There appears to be a lot of socialist leaders in government everywhere at the moment. All blaming traders etc.
This is a world changing event here. The kind that can bring power to alarmists.
Bundy's status today: "Waiting..."
  • #19,196
  • Jan 21, 2009 1:39am Jan 21, 2009 1:39am
talk about psychology...
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  • #19,197
  • Jan 21, 2009 1:44am Jan 21, 2009 1:44am
nice. i was just about to post a chart of this.

jim

Quoting comanchero
talk about psychology...
  • #19,198
  • Jan 21, 2009 2:14am Jan 21, 2009 2:14am
CHART


Quoting james16
nice. i was just about to post a chart of this.

jim
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  • #19,199
  • Edited 4:03am Jan 21, 2009 2:22am | Edited 4:03am
Maybe I just get lucky. None of my PO base on weekly PB get trigger. CHF/JPY one of them
It dint break high of the PB.


Edit: OOPSS! Marked at the wrong pin.
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Go figure.. Simplicity work
  • #19,200
  • Jan 21, 2009 2:46am Jan 21, 2009 2:46am
Quoting james16
The key is to take your breakevens, smile, and look for the next one ...
One of the best advice which beginners and non-beginners should stick on their screen.

FerruFx
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