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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

  • #20,541
  • Feb 5, 2009 8:08am Feb 5, 2009 8:08am
[
It sounds like I may have hit a nerve Baba. I didn't mean to upset you. I'm not trading the news. As I've been trying to say, I'm just trying to learn here and ask the 'right' questions. Don't want to be at this point a year from now.

Im sorry if i came across like a nerve had been hit or that im upset, i love this banter!!!!
You are asking the right questions and you can rest assured if you start to demo right now daily only set ups a year from now you will be light years ahead i promise.
  • #20,542
  • Feb 5, 2009 8:10am Feb 5, 2009 8:10am
hello guys
wassup
hope i haven't missed much green pips, being out all day but was able to sneak a trade in....up 40 pips on gbpchf and moved to be
saw some other potentials but cant chase the train now, too late...
how is everybody today
cheers
Simplicity is the key to success
  • #20,543
  • Feb 5, 2009 8:18am Feb 5, 2009 8:18am
How many of you are familiar with this term and what does it mean to you?

Money Managment.
  • #20,544
  • Feb 5, 2009 8:20am Feb 5, 2009 8:20am
[quote=jarroo;2518132

Or you can use a fixed amount say 50-70 pips and move your stop loss to break even quickly once a you gain 30-50 pips, which I like to do.

[/quote]

this looks quite interesting! what will od if u 50-70 pips been stopped out and then down again to ur entry? will u reenter?

aslo, can u explained more on fixed stop loss tech u using?

thanks again
  • #20,545
  • Feb 5, 2009 8:30am Feb 5, 2009 8:30am
Quoting Piproo
this looks quite interesting! what will od if u 50-70 pips been stopped out and then down again to ur entry? will u reenter?

aslo, can u explained more on fixed stop loss tech u using?

thanks again
If my stop loss is hit, I'm out. I don't do what I know some people do and remove the stop loss hoping that "it will come back". There are many times where my stop loss is hit and at that very moment it turns in my favor.

I may reenter at the entry again. It depends on the monmentum the PA setup.
Indicators show the past. Price Action "Indicates" the future.
  • #20,546
  • Feb 5, 2009 8:30am Feb 5, 2009 8:30am
Quoting raczekfx
GU march up should be done for the day. Eyes on BOE...
.
down to ppz,
pin off support.... and lift off....
.
Attached Image
  • #20,547
  • Feb 5, 2009 8:30am Feb 5, 2009 8:30am
Quoting Piproo
this looks quite interesting! what will od if u 50-70 pips been stopped out and then down again to ur entry? will u reenter?

aslo, can u explained more on fixed stop loss tech u using?

thanks again

hey piproo, like ur question on whether to reenter when ur be takes u out and comes back to it....
also would like to kno myself

cheers
Simplicity is the key to success
  • #20,548
  • Feb 5, 2009 8:31am Feb 5, 2009 8:31am
Quoting ady27
Thanks ... again,
well it seems that, like in forex, there are no shortcuts here...
I have read all the files you attached. guess being only on page 30 is a bit of a problem...

Just found a post you might be interested in, from one of the best in the business.

http://www.forexfactory.com/showpost...postcount=7649

Still hope you read the 1000s of posts before and after this one though

Josh
  • #20,549
  • Feb 5, 2009 8:40am Feb 5, 2009 8:40am
Quoting jarroo
If my stop loss is hit, I'm out. I don't do what I know some people do and remove the stop loss hoping that "it will come back". There are many times where my stop loss is hit and at that very moment it turns in my favor.

I may reenter at the entry again. It depends on the monmentum the PA setup.
sounds like long way to go for me to catch up....

Honestly, I havent use lower tf sl for higher tf setup yet. and what I do currently is using MM to adjust the size..I mean if I entered e/g wkly, then really like $0.000001 a pip, in my demo

hmmm, really long way to go.

maybe thanks again, Jarroo
  • #20,550
  • Edited 3:39pm Feb 5, 2009 8:43am | Edited 3:39pm
Looking at these highs for a 1st target. My stop loss is now at break even. .8800

Was there news today? I thought that's tomorrow.
Attached Images
Indicators show the past. Price Action "Indicates" the future.
  • #20,551
  • Feb 5, 2009 8:44am Feb 5, 2009 8:44am
Quoting squeezy
hey piproo, like ur question on whether to reenter when ur be takes u out and comes back to it....
also would like to kno myself

cheers
Yes, need to hear from others too, specially for those trade been stopped out by 1 or 2 pips. I have lots of trades like that in lower tf (honestly, in 1hr). thats why I playing more on higher tf.

for me, I havent tried re-enter if I got stopped out. only if nice PA again, then I entered on the new setups.
  • #20,552
  • Feb 5, 2009 8:47am Feb 5, 2009 8:47am
Quoting raczekfx
eg
.
next stations ?
Attached Image
  • #20,553
  • Feb 5, 2009 8:48am Feb 5, 2009 8:48am
Quoting ady27
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.
http://www.forexfactory.com/showthre...?t=2331&page=2

first page's charts are there, you just have to click on it.

I attached a PDF file that explain those set ups...

Hope this help...

edit: ups sorry, someone posted them earlier....
Attached File(s)
File Type: pdf James16_upto2ndofmay2008.pdf   44 KB | 1,348 downloads
File Type: pdf Pin bars-advanced.pdf   113 KB | 611 downloads
File Type: pdf Pin bars-introduction.pdf   175 KB | 674 downloads
File Type: pdf PriceActionSetups.pdf   42 KB | 747 downloads
  • #20,554
  • Feb 5, 2009 8:50am Feb 5, 2009 8:50am
Quoting raczekfx
next stations ?
I like the way you think raczek.
Indicators show the past. Price Action "Indicates" the future.
  • #20,555
  • Feb 5, 2009 8:54am Feb 5, 2009 8:54am
Ya jaroo.. ECB= no rate cut BOE= half a point
  • #20,556
  • Feb 5, 2009 8:56am Feb 5, 2009 8:56am
Quoting Jlr
Ya jaroo.. ECB= no rate cut BOE= half a point
Is that good or bad for the Pound? I'm not a big news guy.

Price is News and News is Price.
Indicators show the past. Price Action "Indicates" the future.
  • #20,557
  • Feb 5, 2009 9:06am Feb 5, 2009 9:06am
Its usually viewed as positive news when they cut rates, and will drive prices higher. There's a reason behind that, that is more then just hype, something to do with the value of the currency that directly makes it more valueable... someone smarter then I can probably answer.
edit: i think it supports your eur/gbp position well... also in that trade, looking nice so far, glad you post such awesome charts. ty for that
  • #20,558
  • Feb 5, 2009 9:09am Feb 5, 2009 9:09am
Quoting raczekfx
pin off support....
.
or even BUOB with the look of a PB
  • #20,559
  • Feb 5, 2009 9:09am Feb 5, 2009 9:09am
Quoting Jlr
Its usually viewed as positive news when they cut rates, and will drive prices higher. There's a reason behind that, that is more then just hype, something to do with the value of the currency that directly makes it more valueable... someone smarter then I can probably answer.
News is just a legitimate excuse for prices to move. By the time they are out they have been factored in.
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #20,560
  • Feb 5, 2009 9:17am Feb 5, 2009 9:17am
gbpchf: BUOB with close above 1.68 and ppz. Partial profits taken at 365ma. Stop to BE, let's see where this is going next... 1.74?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpchf 4h 050209.gif Size: 22 KB
Click to Enlarge Name: gbpchf d 050209.gif Size: 23 KB
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