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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

  • #19,961
  • Jan 30, 2009 5:52am Jan 30, 2009 5:52am
Quoting ghous
Waiting for 1.25, my first target area...
AUD/NZD
Got this one too. Short from 1.2620 on break of my daily pinbar. Using 1:1 on 1/2 of position for first target at 1.2470. Remainder to run with stop to B/E.

Will be watching PA at 1.25.

Josh
  • #19,962
  • Jan 30, 2009 6:08am Jan 30, 2009 6:08am
Quoting Jigsaw
Don't put yourself down my friend, you are going to need belief and confidence in yourself when the market tries to bite you in the ass, trading will test you in ways that the majority of people walking down the street will never be tested, and furthermore do not want to be tested. Your words betray your uncertainty . . . Be steadfast, for this market is a destroyer of uncertainty.

In life, I have seen people turn their lives around instantly and go from plodding along in an unremarkable fashion to conquering certain things with a zealot like...
Oh Common Jig, a SAW fan just has to love the 4th part, it's amazing how they were able to take it forward after the first part, yes a bit unrealistic but great as "popcorn fun" (oh...unless you hate to eat something when you've seen a man's been shredded to pieces )

But i personally did'nt like the 5th part, not graphic enough

Regards,
Ghous.
I believe . . .
  • #19,963
  • Jan 30, 2009 6:09am Jan 30, 2009 6:09am
You guys know if its possible to filter for these type of setups? I don't know anything about programming so I have no idea, but my bro does that kind of stuff for a living, so I'm wondering if I could get him to figure it out.
Obviously you'd want to look further into each set up, and not just trade it, but it would be nice to have a filter. I've been looking hard tonight trying to find a good setup, didn't even see the one you guys found.

edit: very nice trade
  • #19,964
  • Jan 30, 2009 6:15am Jan 30, 2009 6:15am
Quoting Jlr
You guys know if its possible to filter for these type of setups? I don't know anything about programming so I have no idea, but my bro does that kind of stuff for a living, so I'm wondering if I could get him to figure it out.
Obviously you'd want to look further into each set up, and not just trade it, but it would be nice to have a filter. I've been looking hard tonight trying to find a good setup, didn't even see the one you guys found.

edit: very nice trade

As I've been reading through the thread I have found some code that you can put into MT4 (which I don't have). Can't remember where I"ve seen it but I know it was in the first 5300 posts, since that's all I've read so far. Might be able to do a search for it in this thread.
I find that it's not too hard to find everything if you simply look through all the charts 30 minutes or so before the update of a timeframe... so you would look at each chart 30 minutes before the change of the day bar... that's how I found this one anyway.

Hope this helps.

Josh
  • #19,965
  • Jan 30, 2009 6:17am Jan 30, 2009 6:17am
Quoting Jlr
You guys know if its possible to filter for these type of setups? I don't know anything about programming so I have no idea, but my bro does that kind of stuff for a living, so I'm wondering if I could get him to figure it out.
Obviously you'd want to look further into each set up, and not just trade it, but it would be nice to have a filter. I've been looking hard tonight trying to find a good setup, didn't even see the one you guys found.

edit: very nice trade
Hey Jlr,,

The best filter for you is your naked eye, don't feel bad if you are'nt being able to spot the A+ setups at first, none of us were able to either, so you're not any different than us, but since you don't see any of us using those silly EA's there is a wonderful chance you'll make it too...question is would your mentality and pychology allow you to wait??

Regards.
Ghous.
I believe . . .
  • #19,966
  • Jan 30, 2009 6:26am Jan 30, 2009 6:26am
Ghous,

Took break of AUD|NZ pin and looking at 1.25 for first target. I figure must be doing something right if following your reasoning.........!

berti
PA is where its at!!
  • #19,967
  • Jan 30, 2009 6:28am Jan 30, 2009 6:28am
Quoting Jlr
You guys know if its possible to filter for these type of setups? I don't know anything about programming so I have no idea, but my bro does that kind of stuff for a living, so I'm wondering if I could get him to figure it out.
Obviously you'd want to look further into each set up, and not just trade it, but it would be nice to have a filter. I've been looking hard tonight trying to find a good setup, didn't even see the one you guys found.

edit: very nice trade
Hi Jlr

This is what i have set on my MT4 - however i do use it less and less now. The reason i had it initially as i couldn't have MT4 at work,nor could i have charts open all day long - so i had the indicator running on my home pc emailing me at work if there was a potential setup for me to check.
As ghous points out though there is no substitute for the naked eye and even if i got an alert i would then have to use my own discretion as to whether it was a good trade or not. ie did it line up with my already drawn pivot zones. (don't try to fit the pivot zone to the price action)

So by all means try it, but remember Location, location, location.

oh and i recommend turning off all tf's less then 4hr anyway.

also attached the candle time indicator

cheers

Simon
Attached File(s)
File Type: mq4 PriceAction AHA 0_2v2.mq4   51 KB | 804 downloads
File Type: mq4 EJ_CandleTime.mq4   2 KB | 542 downloads
  • #19,968
  • Jan 30, 2009 6:30am Jan 30, 2009 6:30am
Ya true, I hear ya... wouldn't hurt I don't think though. Especially since hes my bro, I could get it for free
  • #19,969
  • Jan 30, 2009 6:31am Jan 30, 2009 6:31am
Quoting simoncs
Hi Jlr

This is what i have set on my MT4 - however i do use it less and less now. The reason i had it initially as i couldn't have MT4 at work,nor could i have charts open all day long - so i had the indicator running on my home pc emailing me at work if there was a potential setup for me to check.
As ghous points out though there is no substitute for the naked eye and even if i got an alert i would then have to use my own discretion as to whether it was a good trade or not. ie did it line up with my already drawn pivot zones. (don't try to fit...
Awesome, ty.
  • #19,970
  • Jan 30, 2009 7:36am Jan 30, 2009 7:36am
EURAUD - 4hr breakout - I think Jim mentioned earlier in the week that this was winding up tighter and tighter. already taken 100pip profit and at BE for rest

GBPCHF - 4hr breakout - taken some profit and at BE

CADJPY - daily IB - taken some profit and at BE

CHFJPY - daily IB from yesterday taken some profit and at BE

also in USDJPY - daily IB which is struggling but is a daily trade so will play it that way.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Spot FX EUR_AUD (30-JAN-09).png Size: 16 KB
Click to Enlarge Name: Spot FX CAD_JPY (30-JAN-09).png Size: 13 KB
Click to Enlarge Name: Spot FX CHF_JPY (30-JAN-09).png Size: 13 KB
Click to Enlarge Name: Spot FX GBP_CHF (30-JAN-09).png Size: 16 KB
  • #19,971
  • Jan 30, 2009 7:38am Jan 30, 2009 7:38am
cant see clear signal, my trading mate and I jumped in a scalp trade and lost

so I closed the charts, and switch to study model
  • #19,972
  • Jan 30, 2009 8:03am Jan 30, 2009 8:03am
Quoting simoncs
EURAUD - 4hr breakout - I think Jim mentioned earlier in the week that this was winding up tighter and tighter. already taken 100pip profit and at BE for rest

GBPCHF - 4hr breakout - taken some profit and at BE

CADJPY - daily IB - taken some profit and at BE

CHFJPY - daily IB from yesterday taken some profit and at BE

also in USDJPY - daily IB which is struggling but is a daily trade so will play it that way.
Nice Trades Simon your Journal should be doing good.

On a side note I was watching the daily IB on the Uj too, but passed on because I didn't find much space for the trade to flourish in, I am very picky about space specially when on the daily. there were quite a few bar lows right beside the IB which made it vulnerable to strong support.

Best of luck anyways Bro...

Regards,
Ghous.
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 9 KB
I believe . . .
  • #19,973
  • Jan 30, 2009 8:05am Jan 30, 2009 8:05am
Quoting Piproo
cant see clear signal, my trading mate and I jumped in a scalp trade and lost

so I closed the charts, and switch to study model
Nice to see you extract some humour out of that one Roo... on demo eh? Or else you have a huge heart
I believe . . .
  • #19,974
  • Jan 30, 2009 8:08am Jan 30, 2009 8:08am
Oh and BTW Thanks Mike and Jim for those lovely webinar excerpts, Brilliant as ususal.

Regards,
Ghous.
I believe . . .
  • #19,975
  • Jan 30, 2009 8:15am Jan 30, 2009 8:15am
Quoting ghous
Nice to see you extract some humour out of that one Roo... on demo eh? Or else you have a huge heart
yes, 1hr tf is the scalping to me. Yes, still on demo. I have my scalping size, 4hr trading size and daily trading size.

Honestly, the jumping in trade...of cousre off the road of patience, makes me very upset. so best to close the chart and studying the thread

keep telling myself to calm down...it's hard
  • #19,976
  • Jan 30, 2009 8:16am Jan 30, 2009 8:16am
Quoting ghous
Oh Common Jig, a SAW fan just has to love the 4th part, it's amazing how they were able to take it forward after the first part, yes a bit unrealistic but great as "popcorn fun" (oh...unless you hate to eat something when you've seen a man's been shredded to pieces )
http://pictures.pichaus.com/fe25b81a...949gPyCOquA%3D

"popcorn fun"


They are all good, but they are getting worse as they go on you must admit, I remember after seeing the twist at the end of the first one I was just like "O . . .M . . . G . . . "

Most people are so ungrateful to be alive, but not you, not any more...

Just like I say in forex, "I have never eaten anyones stops, they were the ones who placed them there in weak positions . . They had a choice"
  • #19,977
  • Jan 30, 2009 8:21am Jan 30, 2009 8:21am
Quoting Jigsaw
http://pictures.pichaus.com/fe25b81a...949gPyCOquA%3D

"popcorn fun"


They are all good, but they are getting worse as they go on you must admit, I remember after seeing the twist at the end of the first one I was just like "O . . .M . . . G . . . "

Most people are so ungrateful to be alive, but not you, not any more...

Just like I say in forex, "I have never eaten anyones stops, they were the...
Absolutely, Except in the 5th part where in that first scene the man just had to be cut in half (amateur descretion advised...) the traps really were meant to be followed strictly, A real painful way to get your head staright in forex though...
I believe . . .
  • #19,978
  • Jan 30, 2009 8:22am Jan 30, 2009 8:22am
Quoting Jigsaw
Missed this post earlier , Bars set to GMT ? Jigsaw also likes

Thanks for the heads up brah,

-Jig
yw Jig. One less factor to adjust when working out the times of bars on MT4

Cheers,

Chris
  • #19,979
  • Jan 30, 2009 8:23am Jan 30, 2009 8:23am
Quoting Piproo
yes, 1hr tf is the scalping to me. Yes, still on demo. I have my scalping size, 4hr trading size and daily trading size.

Honestly, the jumping in trade...of cousre off the road of patience, makes me very upset. so best to close the chart and studying the thread

keep telling myself to calm down...it's hard
It get's eaiser when you want to smile at your failures Roo, well done!
I believe . . .
  • #19,980
  • Jan 30, 2009 8:25am Jan 30, 2009 8:25am
Quoting ghous
Nice Trades Simon your Journal should be doing good.

On a side note I was watching the daily IB on the Uj too, but passed on because I didn't find much space for the trade to flourish in, I am very picky about space specially when on the daily. there were quite a few bar lows right beside the IB which made it vulnerable to strong support.

Best of luck anyways Bro...

Regards,
Ghous.
thanks ghous

yup on reflection you are right - definitely too sideways.
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