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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

  • #20,661
  • Feb 5, 2009 5:56pm Feb 5, 2009 5:56pm
Quoting trujillo1980
#%#*#%# how I can't see this simple stuff myself?

Patient, dicipline, hard work?? Wich one is missing??? Maybe time combine with all of that

Regards...
Repetition.

Once you start seeing PA at these PPZs at Round Numbers (or at RN themselves) over and over again it starts to sink in. Then once you make a couple of successful trades, you'll start to trust it. Then, hopefully, you'll never trade anything less.
Indicators show the past. Price Action "Indicates" the future.
  • #20,662
  • Feb 5, 2009 6:07pm Feb 5, 2009 6:07pm
Hey guys, Im just wondering how do you keep a track of a posible trade?

I mean, when you see a posible situation (future PA on a zone), how do you do to remember it?

Is easy when you look 4 or 5 pairs, but when you see around 20 pairs and sometimes you look more than one TM is could be tough....

Any thoughts...
  • #20,663
  • Feb 5, 2009 6:44pm Feb 5, 2009 6:44pm
Mike

May i ask what issue did u have with this pinbar?

Ta Gerard
  • #20,664
  • Edited Feb 6, 2009 12:38pm Feb 5, 2009 6:45pm | Edited Feb 6, 2009 12:38pm
Quoting Gerard212
Jig

I would if iknew how!!!

Gerard
To post a chart:

If you’re a meta trader user just right click on the meta trader chart and go to “Save As Picture”.
Then “Select the image you would like to save:” Pick “Active chart” at “600 x 600 pixels” then click “OK”
Save anywhere you want i.e. Desktop.

Then when you enter to post comments go down to “Manage Attachments” click that.
Then click “Browse” to find your pic you want to attach, i.e. Desktop.
Click the pic you want and hit “Open”, Then hit “Upload”.
Wait for it to upload then close the “Manage Attachments” window. Then make sure you hit the “Submit Reply” button that is under the “Manage Attachments” button.
Done.
Indicators show the past. Price Action "Indicates" the future.
  • #20,665
  • Feb 5, 2009 6:46pm Feb 5, 2009 6:46pm
Quoting trujillo1980
Hey guys, Im just wondering how do you keep a track of a posible trade?

I mean, when you see a posible situation (future PA on a zone), how do you do to remember it?

Is easy when you look 4 or 5 pairs, but when you see around 20 pairs and sometimes you look more than one TM is could be tough....

Any thoughts...
I'm new, but I'm watching 18 pairs and writing down in a notebook each day when I look at the daily charts. I write any formations that form and then what is good/bad about them (ie, range of pinbar, location, etc)... as you may have seen, this is how I post them too... pros/cons.

Josh
  • #20,666
  • Feb 5, 2009 6:46pm Feb 5, 2009 6:46pm
Jig

Tis cold in the north i hear <here in OZ its 45degrees!

I am on demo with IG markets

Gerard
  • #20,667
  • Feb 5, 2009 7:02pm Feb 5, 2009 7:02pm
Quoting Jduester
I'm new, but I'm watching 18 pairs and writing down in a notebook each day when I look at the daily charts. I write any formations that form and then what is good/bad about them (ie, range of pinbar, location, etc)... as you may have seen, this is how I post them too... pros/cons.

Josh
thank buddy. Could it be any other way to do it...

Please feedbacks needed...
  • #20,668
  • Feb 5, 2009 7:03pm Feb 5, 2009 7:03pm
Quoting Gerard212
Mike

May i ask what issue did u have with this pinbar?

Ta Gerard
Hey Gerard,

Post 20636 was my answer to post http://www.forexfactory.com/showpost...ostcount=20627


Best
Mike
  • #20,669
  • Feb 5, 2009 7:59pm Feb 5, 2009 7:59pm
Quoting mbqb11
Hey Gerard,

Post 20636 was my answer to post http://www.forexfactory.com/showpost...ostcount=20627


Best
Mike
Mike, here a question for u. there is an E/G h4 PB. I wonder whether it's tradable or not to u

According to the pinbar introducation video in PF's guest area, this PB made at a support level (minor one I guess) on daily.

on h4, we have a PB and broken up. the PB is formed out traffic and reasonable space.

Please help and any comments from other members will be appreciated too.
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  • #20,670
  • Feb 5, 2009 8:07pm Feb 5, 2009 8:07pm
Quoting Piproo
Mike, here a question for u. there is an E/G h4 PB. I wonder whether it's tradable or not to u

According to the pinbar introducation video in PF's guest area, this PB made at a support level (minor one I guess) on daily.

on h4, we have a PB and broken up. the PB is formed out traffic and reasonable space.

Please help and any comments from other members will be appreciated too.
Well I'm not Mike but for me that Bullish Pin Bar for me is not a decent one just by judging its size compared to the prior bar...

But then again if you check carefully..."the path of least resistance is downward" meanwhile there are quite plenty of "traffic" if you want to go long..

In any case that's my view
  • #20,671
  • Feb 5, 2009 8:12pm Feb 5, 2009 8:12pm
Quoting xcov
Well I'm not Mike but for me that Bullish Pin Bar for me is not a decent one just by judging its size compared to the prior bar...

But then again if you check carefully..."the path of least resistance is downward" meanwhile there are quite plenty of "traffic" if you want to go long..

In any case that's my view
yep my thoughts exactly. When you get a huge move up or down. To try to catch the knife with a small pin is dangerous game. You need something to hold it up more then just a small pin.

Thanks xcov

Mike
  • #20,672
  • Feb 5, 2009 8:22pm Feb 5, 2009 8:22pm
Quoting mbqb11
yep my thoughts exactly. When you get a huge move up or down. To try to catch the knife with a small pin is dangerous game. You need something to hold it up more then just a small pin.

Thanks xcov

Mike
OK, thanks mike and xcov!, make sense. in a summary, we need a stronger reversal PB to form here as it's a strong down trend.

Im thinking.....there is I4b for consolidation. So Can we have P4B?? I mean PB is the biggest size candle in last 4 candles for reversal


Again, many thanks for helps
  • #20,673
  • Feb 5, 2009 11:19pm Feb 5, 2009 11:19pm
Quoting HipsterPipster
Just be careful not to get a bias towards the formation, and keep your eye on what is really going on.
Sure HP

there existance between price can certainly help add more to the probability bag, you should'nt expect me to trade them blindly...PA, PA, PA and PA is all what my trading has transformed into
I believe . . .
  • #20,674
  • Feb 5, 2009 11:20pm Feb 5, 2009 11:20pm
Quoting Jigsaw
@ Ghous - What are you using to draw on your charts and take screenshots with ?
It's just the "save picture as" tab that i hit on my mt4 Jig. Some additional illustration if required goes through the services of the "paint" software. (XP thingie if you have it...) But i guess mt4 will allow you all the illustration too, though it will only permit limited text.

Regards,
Ghous.
I believe . . .
  • #20,675
  • Feb 5, 2009 11:22pm Feb 5, 2009 11:22pm
Quoting jarroo
Did you take the 4 hour BEOB and/or the Weekly BEOB?

I missed the 4 hour BEOB but caught the Weekly.
It's a 4H break that i took and deliberetly (sp??) llet the 0.88 break pass by. Did'nt like the news traffic driving the break
I believe . . .
  • #20,676
  • Feb 5, 2009 11:26pm Feb 5, 2009 11:26pm
Quoting ghous
It's a 4H break that i took and deliberetly (sp??) llet the 0.88 break pass by. Did'nt like the news traffic driving the break
Very nice.
I'm sure those that are following the 1st post of this thread are following this as well.
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Indicators show the past. Price Action "Indicates" the future.
  • #20,677
  • Feb 5, 2009 11:30pm Feb 5, 2009 11:30pm
Quoting ghous
It's a 4H break that i took and deliberetly (sp??) llet the 0.88 break pass by. Did'nt like the news traffic driving the break
I may add some if we see a restest of the break of the current consolidation though

Gbp/Chf is also looking to provide a chance of jumping on...

Regards,
Ghous.
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I believe . . .
  • #20,678
  • Feb 5, 2009 11:40pm Feb 5, 2009 11:40pm
Quoting ghous
I may add some if we see a restest of the break of the current consolidation though

Gbp/Chf is also looking to provide a chance of jumping on...

Regards,
Ghous.
If it doesn't retrace to those levels you have drawn, what does it tell you about the stength of the move down/up? It would tell me its pretty strong.
Indicators show the past. Price Action "Indicates" the future.
  • #20,679
  • Feb 5, 2009 11:47pm Feb 5, 2009 11:47pm
Dang gave up a lot on GBP/CHF... bought 2 lots and planned to take profits early on 1, and let the other ride... still fighting emotions even on my dinky account.
  • #20,680
  • Feb 6, 2009 12:03am Feb 6, 2009 12:03am
Quoting Jlr
Dang gave up a lot on GBP/CHF... bought 2 lots and planned to take profits early on 1, and let the other ride... still fighting emotions even on my dinky account.
All part of the learning curve my friend. Do that a few more times and you'll let the ride last a little longer. Locking in profit of course.
Indicators show the past. Price Action "Indicates" the future.
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