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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

  • #21,521
  • Feb 16, 2009 5:50am Feb 16, 2009 5:50am
Quoting Pirabuji
Sorry my error, the pin bar.
There is an immediate ppz at 0.91 plus the 50 fib ratio from the recent swing high, IMO there is'nt enough space atall. The shape's not great on my Fxopen feed either but since the feeds differ youmight be looking at an A+ shape, location however abates the validity of the setup...

Regards,
Ghous.
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I believe . . .
  • #21,522
  • Feb 16, 2009 6:00am Feb 16, 2009 6:00am
mrsingha,
your chart is showing a PB. i corrected my similar observation earlier because of the upper wick shown by jarroo.
is it possible that u have "missed some data", that is, you did not have the 9.00-11.00 candles in your chart? sometimes, when MT4 is not opened, some bars/candles are missed, hence not included in the data used by a chart.

Also, try refreshing your chart, checking back a few hours or even until tomorrow.
  • #21,523
  • Feb 16, 2009 6:02am Feb 16, 2009 6:02am
Quoting ghous
There is an immediate ppz at 0.91 plus the 50 fib ratio from the recent swing high, IMO there is'nt enough space atall. The shape's not great on my Fxopen feed either but since the feeds differ youmight be looking at an A+ shape, location however abates the validity of the setup...

Regards,
Ghous.
I think he's talking about this Pin Bar in Blue ghous, which is at a bad location. We would like to see the PB in the green area.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #21,524
  • Feb 16, 2009 6:05am Feb 16, 2009 6:05am
Hi everyone.

I'd like to ask the experienced ones here about FX providers.

I am demoing on Alpari and FXPro at the moment. Trading with small sizes through Spreadbetting too.

I am thinking on opening a micro lot account instead of sb, as it seems more logical to deal through a "real" platform rather than an sb price quote.

So my question would be, which provider could you recommend for a long term relationship? The style i am learning and trying to do is the one i learned from here. (Many thanks for that )

Thank you for your help.

Wick
  • #21,525
  • Feb 16, 2009 6:34am Feb 16, 2009 6:34am
Quoting supremeChaos
mrsingha,
your chart is showing a PB. i corrected my similar observation earlier because of the upper wick shown by jarroo.
is it possible that u have "missed some data", that is, you did not have the 9.00-11.00 candles in your chart? sometimes, when MT4 is not opened, some bars/candles are missed, hence not included in the data used by a chart.

Also, try refreshing your chart, checking back a few hours or even until tomorrow.
Hi Chaos,
Strange. The platform's been running all day. There'a full set of 1 hour bars. I've just checked another of Jarroo's charts (EURJPY) against mine and thats different too.
I'll have to dig into it deeper tomorrow (its nearly beer time here).

Steve.
"The more I practice, the luckier I get." (Gary Player)
  • #21,526
  • Feb 16, 2009 6:36am Feb 16, 2009 6:36am
Quoting mrsingha
Hi Chaos,
Strange. The platform's been running all day. There'a full set of 1 hour bars. I've just checked another of Jarroo's charts (EURJPY) against mine and thats different too.
I'll have to dig into it deeper tomorrow (its nearly beer time here).

Steve.
It is President's Day here in the States. May be causing different feed data.
Indicators show the past. Price Action "Indicates" the future.
  • #21,527
  • Feb 16, 2009 6:41am Feb 16, 2009 6:41am
Quoting [B
mrsingha[/b] http://www.forexfactory.com/images/buttons/viewpost.gif]
Hi Chaos,
Strange. The platform's been running all day. There'a full set of 1 hour bars. I've just checked another of Jarroo's charts (EURJPY) against mine and thats different too.
I'll have to dig into it deeper tomorrow (its nearly beer time here).

Steve.

Quoting jarroo
It is President's Day here in the States. May be causing different feed data.

Holiday may cause beer time to come early here too
  • #21,528
  • Feb 16, 2009 6:49am Feb 16, 2009 6:49am
Quoting mrsingha
Hi jarroo,
My FXPro shows differnet candles to yours. Any ideas?

Steve.
Hi Steve,

They are two different brokers! I use FXPro (so does Jim, Ghous, Jig etc...), whereas your charts are provided by FX-Pro. Sneakily similar names but very different companies. FX-Pro have their regional office in Jordan, while FXPro are based in Cyprus, with other offices around Europe, including the UK.

Consequently, your feed may have a different 4h bar close.

Hope that clears this up for you.

Chris
  • #21,529
  • Feb 16, 2009 6:50am Feb 16, 2009 6:50am
Quoting Chris P
Hi Steve,

They are two different brokers! I use FXPro (so does Jim, Ghous, Jig etc...), whereas your charts are provided by FX-Pro. Sneakily similar names but very different companies. FX-Pro have their regional office in Jordan, while FXPro are based in Cyprus, with other offices around Europe, including the UK.

Consequently, your feed may have a different 4h bar close.

Hope that clears this up for you.

Chris
Different locations. Thanks.
Indicators show the past. Price Action "Indicates" the future.
  • #21,530
  • Feb 16, 2009 7:11am Feb 16, 2009 7:11am
Quoting Chris P
Hi Steve,

They are two different brokers! I use FXPro (so does Jim, Ghous, Jig etc...), whereas your charts are provided by FX-Pro. Sneakily similar names but very different companies. FX-Pro have their regional office in Jordan, while FXPro are based in Cyprus, with other offices around Europe, including the UK.

Consequently, your feed may have a different 4h bar close.

Hope that clears this up for you.

Chris
Thanks for that Chris.
I'll D/L the real thing.
"The more I practice, the luckier I get." (Gary Player)
  • #21,531
  • Feb 16, 2009 7:15am Feb 16, 2009 7:15am
Hello Hwick,

I'm thinking to open a Spread-Betting account in UK too.

Any advices regarding a good broker (fair prices with no manipulations, no stop hunting and so on, good trading plateform with trailing stop feature....etc)

Thanks for your attention,

Cheers

Angel
  • #21,532
  • Feb 16, 2009 7:24am Feb 16, 2009 7:24am
guys what do you think about that EURGBP daily?
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  • #21,533
  • Feb 16, 2009 7:25am Feb 16, 2009 7:25am
Quoting CandlePower
hi Ray...

for bearish example, we are looking for :

1- PPZ (Price Pivot Zone)@Location of flipping Support/Resistance
2- Space
3- Swing High
4- Confluence@Came together of (fibonacci retracement, MA's, PPZ etc)
5- Price Action (PinBar, BEOB, DBHLC, IB etc)

this are some checklist to watch before taking a trade...hope this help u.
Hi CandlePower and those veteran traders here,

I am not sure about the second criteria space. What do you mean by having space? Pls advise.
  • #21,534
  • Feb 16, 2009 7:26am Feb 16, 2009 7:26am
Quoting suunto
guys what do you think about that EURGBP daily?
http://www.forexfactory.com/showpost...ostcount=21524
Indicators show the past. Price Action "Indicates" the future.
  • #21,535
  • Feb 16, 2009 7:27am Feb 16, 2009 7:27am
Quoting jarroo
I think he's talking about this Pin Bar in Blue ghous, which is at a bad location. We would like to see the PB in the green area.
yes I was also talking abt the same Pb...

Anyways you in some trade Jarroo?
I believe . . .
  • #21,536
  • Feb 16, 2009 7:30am Feb 16, 2009 7:30am
Quoting ghous
yes I was also talking abt the same Pb...

Anyways you in some trade Jarroo?

Not in any trade right now, closed my Gbp/Jpy Daily PB on Friday. I don't like holding trades over the weekend unless I have a few hundred pips under my belt.
Indicators show the past. Price Action "Indicates" the future.
  • #21,537
  • Feb 16, 2009 7:32am Feb 16, 2009 7:32am
Quoting jarroo
Not in any trade right now, closed my Gbp/Jpy Daily PB on Friday. I don't like holding trades over the weekend unless I have a few hundred pips under my belt.
lol ok.
I believe . . .
  • #21,538
  • Feb 16, 2009 7:40am Feb 16, 2009 7:40am
Quoting Angel65
Hello Hwick,

I'm thinking to open a Spread-Betting account in UK too.

Any advices regarding a good broker (fair prices with no manipulations, no stop hunting and so on, good trading plateform with trailing stop feature....etc)

Thanks for your attention,

Cheers

Angel
My live account with CMC but since they abandoned IT-Finance's charting, i am using IG-Index for my charts.

The difference in the quotes doesn't really bothers me as i try to trade from higher timeframes like 4H and daily.

Wick
  • #21,539
  • Feb 16, 2009 7:45am Feb 16, 2009 7:45am
I'm using ODL. they allow 50pence per point. the also have free MT4 demo that you can use as prices match up well with the Sbet account
  • #21,540
  • Feb 16, 2009 7:49am Feb 16, 2009 7:49am
Quoting advfntrader
I'm using ODL. they allow 50pence per point. the also have free MT4 demo that you can use as prices match up well with the Sbet account
Hi there,

What else does ODL offer besides FX I've heard it's amongst the few mt4 brokers that offer a lot...
I believe . . .
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