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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

  • #21,381
  • Feb 13, 2009 9:11am Feb 13, 2009 9:11am
Quoting malvarezdel
Hey Rac, how it feels when you are "in the zone"??
boring....

Quoting jlmac27
What broker are you going threw to get your futures chart?
fxpro (charts only)

Quoting Jduester
You seem to have mastered S/R regions, which allows you to 'jump' the PA entry.

Can I assume you first learned to trade using strictly the PA entries?
Not mastered, but I'm getting better at spotting good areas. Yes PA only, but hated large stops.
Now, even on daily my stops are merely 30-40 pips.
  • #21,382
  • Feb 13, 2009 9:28am Feb 13, 2009 9:28am
Quoting bundyraider
Haven't changed from GJ chart all day. lol
Me too...

RM
  • #21,383
  • Feb 13, 2009 9:34am Feb 13, 2009 9:34am
Yes, I know how's feel lol

Quoting raczekfx
boring....

fxpro (charts only)

Not mastered, but I'm getting better at spotting good areas. Yes PA only, but hated large stops.
Now, even on daily my stops are merely 30-40 pips.
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What does not kill me makes me stronger. Friedrich Nietzsche,
  • #21,384
  • Feb 13, 2009 9:36am Feb 13, 2009 9:36am
Nice Bullish bar in a making???

Sonic
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  • #21,385
  • Feb 13, 2009 9:36am Feb 13, 2009 9:36am
The upsidedown version of gj.

yeah I know how boring, not as exciting as yen....

ppz's baby, once the first minor one was broke we come back to test old support as resistance. history repeats..
have a good weekend all. another great week..
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  • #21,386
  • Feb 13, 2009 10:05am Feb 13, 2009 10:05am
Quoting raczekfx
..back to support and lift off again. pretty simple,.. if it works...

ok. enough of the good stuff for this week...

maybe one more: I'm keeping eye on dow futures. 7820 is my magic number...
.
Keep on posting Rac. Learnt a lot from your charts. You make it looks simple lol Like buy/sell on the corner of every move.
  • #21,387
  • Feb 13, 2009 10:25am Feb 13, 2009 10:25am
Im not sure If I will be staying in trading, as outside of life calls, but I would like you all to know this..... This past week of trading has been my first profitbale week EVER in trading, it is all thanks to the people on this thread. Not for calls, but teaching me to REMOVE my indicators off of my screen, and let S+R and PA dictate where I trade, thank you, VERY much, you have taught me something AMAZING!
Dr. C
  • #21,388
  • Feb 13, 2009 10:28am Feb 13, 2009 10:28am
Quoting cvcamper
Im not sure If I will be staying in trading, as outside of life calls, but I would like you all to know this..... This past week of trading has been my first profitbale week EVER in trading, it is all thanks to the people on this thread. Not for calls, but teaching me to REMOVE my indicators off of my screen, and let S+R and PA dictate where I trade, thank you, VERY much, you have taught me something AMAZING!
way to go CV! Simple s/r + PA, you will never look back

Congrats and enjoy the weekend

Mike
  • #21,389
  • Feb 13, 2009 10:30am Feb 13, 2009 10:30am
Quoting rustyjeff
The upsidedown version of gj.

yeah I know how boring, not as exciting as yen....

ppz's baby, once the first minor one was broke we come back to test old support as resistance. history repeats..
have a good weekend all. another great week..

Great rusty, little confused, could you check chart and answer please???

Thanks...
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  • #21,390
  • Feb 13, 2009 10:30am Feb 13, 2009 10:30am
Quoting raczekfx
What about cable B-raider..?
don't you like my 50/61 & ppz setups?
.

yup I do - you seem to like it when price hits a S/R area between these two fib lines - i have noticed this a lot on your charts.
I have always tended to ignore the level unless either one of the fib lines was almost on the S/R or PPZ line.
Is there any other reason you like these particular types of setups or is it just because it is a zone?
  • #21,391
  • Feb 13, 2009 10:35am Feb 13, 2009 10:35am
Quoting trujillo1980
Hey guys, I know it's out of topic but it's importan...How you calculate pip value of crosses pairs let say GBPJPY?

Please give example...

thank you...

here's what i use to position size my trades
http://www.goforex.net/money-management-calculator.htm
and if this doesn't have the pair i use
http://www.earnforex.com/position_size_calculator.php
  • #21,392
  • Feb 13, 2009 10:48am Feb 13, 2009 10:48am
Quoting trujillo1980
Great rusty, little confused, could you check chart and answer please???

Thanks...
I use market orders for my intraday stuff as I like to watch price as it gets to a ppz. If I feel that price will reverse I jump in. I dont just blindly enter at a zone. It depends on how price is moving as it gets there.
On daily pa. I just set orders as most here do, but i might then play it separately as intraday as well.
Its still using location as the main reason for entry. If pa then forms to confirm it all the better & then manage the trade accordingly.

right now my cad trade is looking a litle doubtful. the initial support didnt hold as resistantce. so now my stop is set to just above the 61 fib level.
if it goes back lower, yipee... If not the market will take me out.
It doesnt matter either way.
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  • #21,393
  • Feb 13, 2009 11:17am Feb 13, 2009 11:17am
going to the Miami boat show today.. shopping for something to spend all my forex cash on...... have a good weekend all.
  • #21,394
  • Feb 13, 2009 11:29am Feb 13, 2009 11:29am
Quoting rustyjeff
going to the Miami boat show today.. shopping for something to spend all my forex cash on...... have a good weekend all.
you could even trade afloat
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  • #21,395
  • Feb 13, 2009 11:50am Feb 13, 2009 11:50am
Quoting rustyjeff
I use market orders for my intraday stuff as I like to watch price as it gets to a ppz....

Very clear...thanks buddy.....
  • #21,396
  • Feb 13, 2009 11:52am Feb 13, 2009 11:52am
Quoting simoncs
here's what i use to position size my trades
http://www.goforex.net/money-management-calculator.htm
and if this doesn't have the pair i use
http://www.earnforex.com/position_size_calculator.php

thanks buddy...., don't you have and spreadsheet???
  • #21,397
  • Feb 13, 2009 11:57am Feb 13, 2009 11:57am
Quoting trujillo1980
thanks buddy...., don't you have and spreadsheet???
i do - got to run out for beers now - but will send later
  • #21,398
  • Feb 13, 2009 12:48pm Feb 13, 2009 12:48pm
Quoting [LEFT
jarroo[/left];2537222]Are you ready for the pip swings of a long term trade. Meaning pips swings of 300-400 or more pips. I'm not saying its going to happen but it may.
Yes, but not on this trade (I have tight stop to lock in profit [already triggered]. I'm trying to recover from a bit of a draw down and want to get back to break even on the account. This move helped a ton, that is for sure. Otherwise, I would let the pips swing. I did ride out the GBP/CHF a while back on the big move, so I have stomached the 300+ pip swings and I'd do it again.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #21,399
  • Feb 13, 2009 12:50pm Feb 13, 2009 12:50pm
lazy Friday's evening? Hell no !


http://img4.imageshack.us/img4/5267/eurom5yi9.gif
  • #21,400
  • Feb 13, 2009 12:50pm Feb 13, 2009 12:50pm
Quoting simoncs
you could even trade afloat
I see it has the helicopter pad, but does it have an attached submarine? My boat has to have the Submarine option.
Don't wish it were easier, wish you were better. ~ Jim Rohn
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