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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

  • #21,541
  • Feb 16, 2009 8:01am Feb 16, 2009 8:01am
Important times for the US $...

Will we see a fourth bounce or will the greenback make it this time?

I am consantly looking at that weekend gap which still needs some filling...
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I believe . . .
  • #21,542
  • Feb 16, 2009 8:05am Feb 16, 2009 8:05am
Quoting jarroo
Still in a lot of traffic, the size is too small and the swing low can be a lot lower.

I do like the confluences of 50% retrace, RD, and towards the gap.

Possible trade with a very small position.
Hi Jarroo,

What's RD? It was in few posts ago. Thanks
  • #21,543
  • Feb 16, 2009 8:05am Feb 16, 2009 8:05am
Quoting arcus
Hi Jarroo,

What's RD? It was in few posts ago. Thanks
Round Number
Indicators show the past. Price Action "Indicates" the future.
  • #21,544
  • Feb 16, 2009 8:11am Feb 16, 2009 8:11am
Quoting ghous
Hi there,

What else does ODL offer besides FX I've heard it's amongst the few mt4 brokers that offer a lot...
here u go ghous
apart from the fx there are the major exchanges and the major equities on those exchanges
plus some commodities
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  • #21,545
  • Feb 16, 2009 8:15am Feb 16, 2009 8:15am
Quoting Ray_1
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.
hi Ray...im not yet subscribe to james16 group...maybe im wrong but i'll try my best...other people pls correct me if im wrong.
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  • #21,546
  • Feb 16, 2009 8:19am Feb 16, 2009 8:19am
Quoting CandlePower
hi Ray...im not yet subscribe to james16 group...maybe im wrong but i'll try my best...other people pls correct me if im wrong.
Very nice CP.
Just make sure that the Open and Close of the Pin Bar (candle) is within the previous bar.
Indicators show the past. Price Action "Indicates" the future.
  • #21,547
  • Feb 16, 2009 8:30am Feb 16, 2009 8:30am
Quoting jarroo
Very nice CP.
Just make sure that the Open and Close of the Pin Bar (candle) is within the previous bar.
thats why i love this thread...thnx alot jaroo for yur reminder
  • #21,548
  • Feb 16, 2009 8:50am Feb 16, 2009 8:50am
Hi!

4H GPB/USD

Strong S/R around 1.4330.

How high is the probablity that price makes a reasonable retracement (>40pips) in situations like this around the line?
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  • #21,549
  • Feb 16, 2009 9:22am Feb 16, 2009 9:22am
Quoting fx-Junior
Hi!

4H GPB/USD

Strong S/R around 1.4330.

How high is the probablity that price makes a reasonable retracement (>40pips) in situations like this around the line?

I would like to put a daily chart of GBPUSD
As you can see.. it may be different to your daily chart because open and close times of oanda are different... My question would be. how can this affect to see the pinbars?

also.
look at previous 2 days... two opposite pinbars... mmmm interesting?
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  • #21,550
  • Feb 16, 2009 9:29am Feb 16, 2009 9:29am
Quoting simoncs
here u go ghous
apart from the fx there are the major exchanges and the major equities on those exchanges
plus some commodities
Thnx Simon...

Regards,
Ghous.
I believe . . .
  • #21,551
  • Feb 16, 2009 9:51am Feb 16, 2009 9:51am
Chris P,
keen observation there...



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

ghous,
what instruments are u interested in?
until now, my observation is that WHC has the most instruments, followed by ODL or FXPro.

for WHC MT4, look at:
http://www.whcmarket.ru
http://www.brocompany.ru or
http://www.brocompany.com

TIP: for all MT4 users, to see all tradeable/non-tradeable instruments (non-tradeable instruments are usually colored gray) available in your MT4, be sure to click "Show all". (in the MarketWatch window, right-click on any instrument & the context menu will appear, showing the commands New Order, Chart Window, Tick Chart, Hide etc. Click "Show all")
  • #21,552
  • Feb 16, 2009 10:50am Feb 16, 2009 10:50am
Quoting supremeChaos
Chris P,
keen observation there...





ghous,
what instruments are u interested in?
until now, my observation is that WHC has the most instruments, followed by ODL or FXPro.

for WHC MT4, look at:
http://www.whcmarket.ru
http://www.brocompany.ru or
http://www.brocompany.com

TIP: for all MT4 users, to see all tradeable/non-tradeable instruments (non-tradeable instruments are usually colored gray) available...
Basically I was on the lookout for currecy indices, some commodities and equity indices...I need these to create the magic potion

Jig was kind enought to share with me his mt4 broker platforms, I am now excessing all the currency and equity indices through liteforex mt4 and commodities (metals and grains) through XTB trader,

I was asking abt ODL since I thought it had all of this in it's single mt4 platform, just downloaded the platform but don't see all that I need on it...

I also installed Broco mt4 but really Jig's combination impressed me, got exactly what I wanted

Regards,
Ghous.
I believe . . .
  • #21,553
  • Feb 16, 2009 10:51am Feb 16, 2009 10:51am
Hi guys,

Thanks for your quick reply, it's very kind of you !!

ODL is a good broker but unfortunatly, the 'Spread-Betting' plateform doesn't include 'trailing stop' capabilities

I'm going to try Finotec but don't really know if they are reliable ? Any live testimonials on it ?

Cheers

Happy US holiday,

Angel


*Sorry to be off topic
  • #21,554
  • Feb 16, 2009 10:56am Feb 16, 2009 10:56am
Quoting Angel65
Hi guys,

Thanks for your quick reply, it's very kind of you !!

ODL is a good broker but unfortunatly, the 'Spread-Betting' plateform doesn't include 'trailing stop' capabilities

I'm going to try Finotec but don't really know if they are reliable ? Any live testimonials on it ?

Cheers

Happy US holiday,

Angel


*Sorry to be off topic
What???!?!?!? lol!
I believe . . .
  • #21,555
  • Feb 16, 2009 11:05am Feb 16, 2009 11:05am
ghous,
it's great u mentioned XTB. failed to mention it, XTB's a good one too.
I'll check liteforex too....

Magic potion? sounds good to me. Let us know if it turns an ant into a pip dragon soon. Good luck
  • #21,556
  • Feb 16, 2009 11:11am Feb 16, 2009 11:11am
Quoting supremeChaos
ghous,
it's great u mentioned XTB. failed to mention it, XTB's a good one too.
I'll check liteforex too....

Magic potion? sounds good to me. Let us know if it turns an ant into a pip dragon soon. Good luck
I am always experimenting with my demo account This time round I've got some more ideas to play around with
I believe . . .
  • #21,557
  • Feb 16, 2009 11:13am Feb 16, 2009 11:13am
Quoting krue
Can not agree more, Mike's comment is as always concisive and get to the point very precisely.

Mike, simply a quick question, did you ever make a rough estimation approximately how much improvement of winning rate could be achieved comparing trading, say, a Pin Bar straight, vs by judging the quality of the setup in light of the surrounding sentiment? I ask this for the reason I didn't see too much difference between a PA setup vs whatever price action the market gave to me around PPZ. I have no offence here, simply what I obversed so far. talking...
Hey Krue

I think I understand your question. You are saying how much of a difference does it make by judging what is going on around the bar? And it can/will make all the difference in the world. No 2 bars are the same and that is where time and experience will come in and pay off.

Not sure if I read your question correct though

Mike
  • #21,558
  • Feb 16, 2009 11:18am Feb 16, 2009 11:18am
hi ,im lookin for a bit af advise ....
a little of topic ,sos
look like a H+S anyone???
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PATIENCE... DISCIPLINE
  • #21,559
  • Feb 16, 2009 11:21am Feb 16, 2009 11:21am
Quoting emda
I would like to put a daily chart of GBPUSD
As you can see.. it may be different to your daily chart because open and close times of oanda are different... My question would be. how can this affect to see the pinbars?
Hey emda

We have generally all go by the "play it as you see it". So whatever your broker gives just play your charts like that. As price is still the same it is just how it is aggregated.

I personally prefer a close more near NY close time. Oanda closes real late for my liking. So I would simply use whatever is most comfortable to you

Mike
  • #21,560
  • Feb 16, 2009 11:37am Feb 16, 2009 11:37am
it won't be a bearish H+S until it breaks out. i will put on my watch list

Quoting g_j_hook@yah
hi ,im lookin for a bit af advise ....
a little of topic ,sos
look like a H+S anyone???
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