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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

  • #21,601
  • Feb 17, 2009 1:53am Feb 17, 2009 1:53am
Quoting mrsingha
Simon,
Could you post a chart of that trade please.
here u go
broke triangle/wedge on gap down - wait for retrace back to TL and gap to close. entry break of IB on 1 hour.
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  • #21,602
  • Feb 17, 2009 1:56am Feb 17, 2009 1:56am
1hr and 4hr pins forming for both EUR/USD and USD/CHF. Watch closely.
  • #21,603
  • Feb 17, 2009 2:00am Feb 17, 2009 2:00am
Might I add that on EUR/USD, we touched the bottom of a trendline and a break above the pin would also be a break above a support line. This is looking more and more like an A+ trade to me.
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  • #21,604
  • Feb 17, 2009 2:05am Feb 17, 2009 2:05am
Quoting Almfx
Hey Piproo! Is that a SUNDAY bar, take caution that sunday bar does not have much volatility. Lack of movement in price can appear to be an Inside Bar.
ALM
nope, it's not a sunday bar on my FXDD chart
  • #21,605
  • Feb 17, 2009 2:18am Feb 17, 2009 2:18am
Quoting Pirabuji
Hi Guys,

Is this a valid break out trade? Would we enter short on valid PA on the broken treand line?
As a beginner , stick to clear non-interrupted trend lines for these trades. You have the general idea though. I drawn some lines I would use.

You've actually chosen an ugly pair ( past week or so).

My chart.... Not many trades the past week. Better ones else where anyway.

Couldn't see any TL break/pullback trades I'd take here. You want "obvious".
Next one you see, throw it up and we'll have another go.
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Bundy's status today: "Waiting..."
  • #21,606
  • Feb 17, 2009 2:19am Feb 17, 2009 2:19am
Quoting KirbyFX
Might I add that on EUR/USD, we touched the bottom of a trendline and a break above the pin would also be a break above a support line. This is looking more and more like an A+ trade to me.
Hey Kirby

IMO it's defintiely tradeable but not A trade. look at the size of the pin in comparison to recent bars. I have been watching for a breakout on this pair and will be waiting for retrace back to the bar lows before looking for an entry short - so I have a TL on my feed drawn different to yours.
It does have divergence though to help it, so you might get a fe pips out of it but i would be getting my stop to BE quickly.

cheers

Simon
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  • #21,607
  • Feb 17, 2009 2:28am Feb 17, 2009 2:28am
Quoting simoncs
Hey Kirby

IMO it's defintiely tradeable but not A trade. look at the size of the pin in comparison to recent bars. I have been watching for a breakout on this pair and will be waiting for retrace back to the bar lows before looking for an entry short - so I have a TL on my feed drawn different to yours.
It does have divergence though to help it, so you might get a fe pips out of it but i would be getting my stop to BE quickly.

cheers

Simon
Ah, very true, the pin is small in comparison to other bars. I will be sure to move stop to BE ASAP if the pin doesn't get invalidated and in which case I won't even take the trade. Thanks for the insight.
  • #21,608
  • Feb 17, 2009 2:39am Feb 17, 2009 2:39am
well trebled my account last week following strict exit / entry methods and price action.

yesterday lost the plot and "gambled" 50% of it away with stupid scalping trades on 5 min charts. so frustrating !

nothing setup yesterday so I went hunting for trades and this is how you lose !!!!
  • #21,609
  • Feb 17, 2009 2:46am Feb 17, 2009 2:46am
Oh noo.. what do we have here
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"White collar crime deserves a blue collar beating!" - 8fingers
  • #21,610
  • Feb 17, 2009 3:06am Feb 17, 2009 3:06am
Quoting DramaKing
Oh noo.. what do we have here
Bar is changing.. better wait until bar close.
"White collar crime deserves a blue collar beating!" - 8fingers
  • #21,611
  • Feb 17, 2009 3:08am Feb 17, 2009 3:08am
hi 2 everybody , i'm new in forex , dramaking can u please tell me where i can find a chart like yours ? or can anybody suggest my a link or something ?
  • #21,612
  • Feb 17, 2009 3:10am Feb 17, 2009 3:10am
Quoting CrankDOX
hi 2 everybody , i'm new in forex , dramaking can u please tell me where i can find a chart like yours ?
This is MetaTrader4. Fxpro.com is one of the brokers that use this software for trading. You can open a demo account at their website.
"White collar crime deserves a blue collar beating!" - 8fingers
  • #21,613
  • Feb 17, 2009 3:15am Feb 17, 2009 3:15am
Quoting DramaKing
This is MetaTrader4. Fxpro.com is one of the brokers that use this software for trading. You can open a demo account at their website.
Thank You very much !
  • #21,614
  • Feb 17, 2009 3:46am Feb 17, 2009 3:46am
USDCHF anybody took that PB on H1?
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  • #21,615
  • Feb 17, 2009 3:57am Feb 17, 2009 3:57am
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Is this a valid inside bar trade? Looked like a good trade at a swing high, wasn't sure though. Just learning inside bars, and lower timeframes, so didn't trade this. Can anyone help me out please?
  • #21,616
  • Feb 17, 2009 4:35am Feb 17, 2009 4:35am
pls comment guys
dlhc wit 2 pips difference
waiting for bar to close
looks like traffic to the left
confluence at blue line, 38.2 and 1.432 ppz area
r we going to hav problem around dis area or wld it scale thru to 1.45
hope i talked wit sense....lol
thnx guuys
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Simplicity is the key to success
  • #21,617
  • Feb 17, 2009 5:23am Feb 17, 2009 5:23am
Quoting squeezy
pls comment guys
dlhc wit 2 pips difference
waiting for bar to close
looks like traffic to the left
confluence at blue line, 38.2 and 1.432 ppz area
r we going to hav problem around dis area or wld it scale thru to 1.45
hope i talked wit sense....lol
thnx guuys
dnt think i like dis trade too much, the mkt is not clear yet....will watch and see wat happens
dis trade i think looks bearish still
Simplicity is the key to success
  • #21,618
  • Feb 17, 2009 5:27am Feb 17, 2009 5:27am
Quoting Greenhaze
USDCHF anybody took that PB on H1?
I'm a newbie, but I'll be waiting for this:

http://www.forexfactory.com/showpost...ostcount=21226

Josh
  • #21,619
  • Feb 17, 2009 5:38am Feb 17, 2009 5:38am
Quoting squeezy
dnt think i like dis trade too much, the mkt is not clear yet....will watch and see wat happens
dis trade i think looks bearish still

I think that's smart Squeezy. I had PPZ marked similar to you at 1.4325-1.4350, which would be just above your entry.

As far as the gaps go from Sunday, I would put much more strength into filling the gap strategies if they showed up on the daily charts. It doesn't look like an obvious fill the gap play if you look at the daily chart. Time will tell.

Josh
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  • #21,620
  • Feb 17, 2009 5:41am Feb 17, 2009 5:41am
For me this is a bearish outside bar with double top, looking to short
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