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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

  • #19,541
  • Jan 25, 2009 11:17pm Jan 25, 2009 11:17pm
Quoting raczekfx

No...,
I'm already in from 'somewhere' in the blue rectangle. Will keep scaling in on PA
.


.... you're bad Jeff...

  • #19,542
  • Jan 25, 2009 11:28pm Jan 25, 2009 11:28pm
Hi,

Please, can someone consider this bar as price action because price jump or i should wait for more bars to form.
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  • #19,543
  • Jan 25, 2009 11:30pm Jan 25, 2009 11:30pm
Double bottom on H4
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Round number 114.00 acting as support.
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skype: ststroud. let's talk trading.
  • #19,544
  • Jan 25, 2009 11:38pm Jan 25, 2009 11:38pm
Quoting Fx Referee
Hi,

Please, can someone consider this bar as price action because price jump or i should wait for more bars to form.

to be honest. I cant see the bar.. your talking about..
It might help you & us if you clear your chart of all the excess stuff.
Please dont take this the wrong way. Just trying to help..
  • #19,545
  • Jan 26, 2009 1:20am Jan 26, 2009 1:20am
Everybody to his own but trading bar and candle stick formations is very risky.
  • #19,546
  • Jan 26, 2009 1:23am Jan 26, 2009 1:23am
Quoting pepper
Everybody to his own but trading bar and candle stick formations is very risky.
Can I ask why you would say this.. ???
we are trading price action
  • #19,547
  • Jan 26, 2009 1:55am Jan 26, 2009 1:55am
Quoting rustyjeff
Can I ask why you would say this.. ???
we are trading price action

Price action is the same thing,all i'm saying is make sure your money management is right.Possibly get a confirming indicator of your choice because on it's own price action is dodgy.
  • #19,548
  • Jan 26, 2009 2:07am Jan 26, 2009 2:07am
And your lagging indicators of arbitrary calculations based on price action are not?

Anyone that thinks price action is 'dodgy' doesn't know how to read it. The only external 'indicator' you should pay attention to are fundamentals, even those only occasionally.
  • #19,549
  • Jan 26, 2009 2:17am Jan 26, 2009 2:17am
Quoting pepper
Price action is the same thing,all i'm saying is make sure your money management is right.Possibly get a confirming indicator of your choice because on it's own price action is dodgy.
are u trying to be a comedian?
  • #19,550
  • Jan 26, 2009 2:21am Jan 26, 2009 2:21am
Quoting pepper
Price action is the same thing,all i'm saying is make sure your money management is right.Possibly get a confirming indicator of your choice because on it's own price action is dodgy.
Not read much of the thread then?
"The more I practice, the luckier I get." (Gary Player)
  • #19,551
  • Jan 26, 2009 2:30am Jan 26, 2009 2:30am
Quoting Mr Smith
are u trying to be a comedian?
Relax guys, as is we never were there is it? lol

@pepper, you need to go through the thread mate if anything literally anything abt reading price action interests you, don't be surprised if by the time you complete reading the thread you're clear of your flashy indicators If there is nothing that insipres you here nobody's forcing you to stay here, we have a good bunch of ppl here having had changed their lives forever and who cannot afford to accomocate any of those colorful lines and bars mistaken to probably spell out the word "HOLY GRAIL" and they're desperate to prove the rest of the world wrong...be prepared to file up your case properly before you intend to degrade this stuff

Regards,
Ghous.
I believe . . .
  • #19,552
  • Jan 26, 2009 2:33am Jan 26, 2009 2:33am
Quoting mbqb11
Yep those are simply neutral bars. To become BUOBs/or BEOBS. you need the close much more towards the high or low respectfully.


Mike
Ofcaorse they are nothing more than neutral bars indicating indescision, but they lie under the basic definition of an outside bar too ok fine the open and close were just far too close but anything even near that bar is just out of the question, and that has to be understood by ppl looking to trade only the high probability setups

Regards,
Ghous.
I believe . . .
  • #19,553
  • Jan 26, 2009 2:35am Jan 26, 2009 2:35am
Quoting raczekfx

No...,
I'm already in from 'somewhere' in the blue rectangle. Will keep scaling in on PA
.


.... you're bad Jeff...
Nah! He's absolutely correct...

Is there any part of this crazy market you don't catch, what's your monthly income...20,000 pips or so??
I believe . . .
  • #19,554
  • Jan 26, 2009 6:46am Jan 26, 2009 6:46am
The only indicator That I use is Macd and just for find divergences.
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #19,555
  • Jan 26, 2009 7:39am Jan 26, 2009 7:39am
Apologies if i offended,if i may what are the best time periods 4H 30min and so forth and what are the margins for stop loss?
  • #19,556
  • Jan 26, 2009 7:51am Jan 26, 2009 7:51am
Please may I suggest you at least read page one of this great thread, you never know you may then decide to read the rest !
  • #19,557
  • Jan 26, 2009 7:58am Jan 26, 2009 7:58am
Quoting pepper
Apologies if i offended,if i may what are the best time periods 4H 30min and so forth and what are the margins for stop loss?

For beginers, James16 suggest that we should stay on dailys and weeklys until you master it...but I also suggest that you read (at least) the first 100 pages of this thread, then you will decide if this style of trading is or isn't for you.

Regards...
  • #19,558
  • Jan 26, 2009 8:01am Jan 26, 2009 8:01am
Quoting trujillo1980
For beginers, James16 suggest that we should stay on dailys and weeklys until you master it...but I also suggest that you read (at least) the first 100 pages of this thread, then you will decide if this style of trading is or isn't for you.

Regards...
Thankyou.
  • #19,559
  • Jan 26, 2009 8:29am Jan 26, 2009 8:29am
USD/CHF Short triggered below 1.15. Now it breached the up trendline but it looks like the bulls are not there ;] . Another setup on E/G....
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  • #19,560
  • Jan 26, 2009 8:30am Jan 26, 2009 8:30am
Anyone end up taking this trade off the break of the daily pin?I know some of you were watching it.I missed it due to this thing called a day job.It is up about 60 pips so far.
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