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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

  • #20,481
  • Feb 4, 2009 11:11pm Feb 4, 2009 11:11pm
.......
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I believe . . .
  • #20,482
  • Feb 4, 2009 11:18pm Feb 4, 2009 11:18pm
Quoting ghous
.......
nice one, question for u again, how this break out suppose to be played? I mean where's entry and sl?

thanks
  • #20,483
  • Feb 4, 2009 11:23pm Feb 4, 2009 11:23pm
Quoting Piproo
nice one, question for u again, how this break out suppose to be played? I mean where's entry and sl?

thanks
If I enter it will be at a break and then a restest of 1.672. tp's got to be 1.66 and the SL as per MM or maybe around 1.678...
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I believe . . .
  • #20,484
  • Feb 4, 2009 11:27pm Feb 4, 2009 11:27pm
Quoting ghous
If I enter it will be at a break and then a restest of 1.672. tp's got to be 1.66 and the SL as per MM or maybe around 1.678...
Thanks! so u waiting for a PA at retest, right?

Again thanks, I just reviewed my break-retest notes agian
  • #20,485
  • Feb 4, 2009 11:30pm Feb 4, 2009 11:30pm
Quoting Piproo
Thanks! so u waiting for a PA at retest, right?

Again thanks, I just reviewed my break-retest notes agian
I am basically waiting for a break and retest, some PA would be great

Regards,
Ghous.
I believe . . .
  • #20,486
  • Feb 4, 2009 11:52pm Feb 4, 2009 11:52pm
Quoting ghous
I have mine at 8930 for the half of my trade that's still there, I either get stopped out or bust through the 0.88 level allowing me to add some more to the break of the weekly BEOB

Regards,
Ghous.
Thanks Ghous,

I had mine at 8920 so out now but also waiting for the weekly to break.
  • #20,487
  • Feb 5, 2009 12:09am Feb 5, 2009 12:09am
Doesnt look good today with so many news releases

ANYTHING IS POSSIBLE
  • #20,488
  • Feb 5, 2009 12:36am Feb 5, 2009 12:36am
Ghous

Cheers for the heads up for the GB/CHF trade - your entryexittarget are all very similar to my own, so I must be doing something right! I/R on GBP being reduced by 0.5% today but mkt has probably factored this in already.
PA is where its at!!
  • #20,489
  • Feb 5, 2009 12:37am Feb 5, 2009 12:37am
hey ghous, what about your cad/chf trade you took yesterday?
  • #20,490
  • Feb 5, 2009 12:42am Feb 5, 2009 12:42am
Quoting NuckingFuts
Oh ya mate. Been fishing for 2 months on Fraser Island. Think I'll demo trade for a while as my mind is still on the end of my fishing rod.

Glad to be back, not happy about the amount of reading I have to do on here
Nice - hook any tigers?
  • #20,491
  • Feb 5, 2009 12:53am Feb 5, 2009 12:53am
Quoting Piproo
G/u H8, PB.

this PB formed at strong resistence and now have 2 eyes

what u guys think of this PB? it's in traffice for sure, but I think it's worthy for us to discuss it specially from BIG GUYS.

Aslo it is very interensting the left and right eye themselves are sort of Pinbar too, Battle pinbars as my trading mate and I call it
I will be waiting till the break of the resistance on 1.4384.

Regards,
scorpionFX
  • #20,492
  • Feb 5, 2009 1:05am Feb 5, 2009 1:05am
Quoting simoncs
Nice - hook any tigers?
No mate, I was trying though

Plenty of bulls around this time of year. Saw a school of about twenty 8-10footers right off indian head.

Hard to catch unless you use yourself as bait
  • #20,493
  • Feb 5, 2009 1:06am Feb 5, 2009 1:06am
Personally I'm not opening any new positions until after we get the BOE decision. Sometimes though PA will set up for us beforehand and the decision will shoot price in the direction we were hoping for, triggering our entry. I just don't want to enter prior to this and get caught with my pants down!
  • #20,494
  • Feb 5, 2009 1:18am Feb 5, 2009 1:18am
Quoting Eclipse
hey ghous, what about your cad/chf trade you took yesterday?
I took half off the first grey rectangle, and as price moved up I moved my SL below the region of consolidation (sl was at the magenta line), I got stopped out for some more +ve pips on this other half (and only just SHIT! lol), eg is still running

Regards,
Ghous.
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I believe . . .
  • #20,495
  • Feb 5, 2009 1:26am Feb 5, 2009 1:26am
Quoting bertie123
Ghous

Cheers for the heads up for the GB/CHF trade - your entryexittarget are all very similar to my own, so I must be doing something right! I/R on GBP being reduced by 0.5% today but mkt has probably factored this in already.
Bear in mind the other side of the picture. A break of 1.68 should IMO see a test of 1.75...I'm open to everything you never know with the BOE

Regards,
Ghous.
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  • #20,496
  • Feb 5, 2009 1:45am Feb 5, 2009 1:45am
Quoting ljr
Thanks Ghous,

I had mine at 8920 so out now but also waiting for the weekly to break.
Hey Ghous you must of come within 1 or 2 pips of being stopped out so well done on your stop placement.

Do you have any hard rules about stop placement? For example do you always put the stop x pips away from a consolidation area. I think this is largely discretionary. I usually look for any highs/lows near the cosolidation and put the stop a pip or 2 away.
  • #20,497
  • Feb 5, 2009 2:13am Feb 5, 2009 2:13am
Quoting ljr
Hey Ghous you must of come within 1 or 2 pips of being stopped out so well done on your stop placement.

Do you have any hard rules about stop placement? For example do you always put the stop x pips away from a consolidation area. I think this is largely discretionary. I usually look for any highs/lows near the cosolidation and put the stop a pip or 2 away.
Nah! It's all discretion for me. amd 2 pips IMO is far too less, generally I will look for a stop 10 to 15 pips away from the last swing.

Regards,
Ghous.
I believe . . .
  • #20,498
  • Feb 5, 2009 2:17am Feb 5, 2009 2:17am
Quoting ghous
Bear in mind the other side of the picture. A break of 1.68 should IMO see a test of 1.75...I'm open to everything you never know with the BOE

Regards,
Ghous.
You can take that chart all the way back to 1978 and there's nothing in the way until it hits 1.74!!
Are you long already or waiting for the MPC rate?

Steve.
"The more I practice, the luckier I get." (Gary Player)
  • #20,499
  • Feb 5, 2009 2:23am Feb 5, 2009 2:23am
Quoting NuckingFuts
No mate, I was trying though

Plenty of bulls around this time of year. Saw a school of about twenty 8-10footers right off indian head.

Hard to catch unless you use yourself as bait
Wait a while and a backpacker with a body board will pass by. Then you start fishing

max
Gravity goes both ways in forex...
  • #20,500
  • Feb 5, 2009 2:27am Feb 5, 2009 2:27am
Quoting ady27
It looks to me that I have found.... comfort...
You people talk sense into trading. At last, normal guys doing the right trading thing in an honest friendly profitable way. Thank you all. Thanks James.

I have learned pin-bars with you guys.

Q: dblhc, dbhlc, buob, beob ect.... can anyone refer me to a post or something that explains how to trade these patterns.

Thanks again, you give me hope.
started reading the thread... back to post 289... a lot of reading.. feels like university again
Quoting trujillo1980
First 10-20 pages of this thread, James explain all of them on charts....

Regards...
Thanks,

I guess that some of the charts have been removed, they are not there. Continue my journey through the thread and haven't found a post how to trade these patterns either.

Is there any pdf or document that explains how to trade: dblhc, dbhlc, buob, beob ect.

help needed.
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