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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

  • #21,661
  • Feb 17, 2009 2:42pm Feb 17, 2009 2:42pm
Quoting jarroo
(Sorry I can't post a chart)

One I thing I look for when I enter a trade off a good PA setup, and I believe this 4 Hour Usd/Chf BEOB off a Daily PPZ was a good setup.
........

Jim
Hi Jim, I just wanna ask what does PPZ & BEOB stands for? Thanks in advance.
  • #21,662
  • Feb 17, 2009 2:47pm Feb 17, 2009 2:47pm
Quoting mbqb11

http://www.forexfactory.com/showpost...ostcount=14084

Mike
Ahh you've already answered it, Mike. Thank you
  • #21,663
  • Feb 17, 2009 2:49pm Feb 17, 2009 2:49pm
Quoting hijackxx
Hi Jim, I just wanna ask what does PPZ & BEOB stands for? Thanks in advance.
Start here http://www.forexfactory.com/showthread.php?t=2331


and as you read along many of your questions will be answered.
Indicators show the past. Price Action "Indicates" the future.
  • #21,664
  • Feb 17, 2009 2:56pm Feb 17, 2009 2:56pm
Quoting jarroo
Start here http://www.forexfactory.com/showthread.php?t=2331


and as you read along many of your questions will be answered.
LOL I clicked the link and it goes to first page.
  • #21,665
  • Feb 17, 2009 3:04pm Feb 17, 2009 3:04pm
here it comes mark....
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  • #21,666
  • Feb 17, 2009 3:17pm Feb 17, 2009 3:17pm
Quoting rustyjeff
here it comes mark....
... not yet,
80 more to go....
  • #21,667
  • Feb 17, 2009 3:21pm Feb 17, 2009 3:21pm
Quoting raczekfx
... not yet,
80 more to go....

  • #21,668
  • Feb 17, 2009 4:03pm Feb 17, 2009 4:03pm
I haven't seen an "A" trade on the Dailys for 3 days now... I'm one (or more) of the following:

1)Too Picky
2)Learning to be Patient
3)Not looking hard enough

(Didn't want any of the inside bars yesterday because of the US holiday).

Night everyone

Josh
  • #21,669
  • Feb 17, 2009 4:14pm Feb 17, 2009 4:14pm
Quoting Jduester
I haven't seen an "A" trade on the Dailys for 3 days now... I'm one (or more) of the following:

1)Too Picky
2)Learning to be Patient
3)Not looking hard enough

(Didn't want any of the inside bars yesterday because of the US holiday).

Night everyone

Josh
Yup, me too. Haven't see a good setup on the Daily (might be due to lack of experience). But I'm watching this. Might have to wait for few days maybe. Nice area to have PA IMHO. About the inside bar, I never traded IB. I mostly play breakout from pullback but now I noticed something from Mike's pullback trade that could be implemented on my breakout trade.
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  • #21,670
  • Feb 17, 2009 4:30pm Feb 17, 2009 4:30pm
Quoting Jduester
I haven't seen an "A" trade on the Dailys for 3 days now... I'm one (or more) of the following:

1)Too Picky
2)Learning to be Patient
3)Not looking hard enough

(Didn't want any of the inside bars yesterday because of the US holiday).

Night everyone

Josh
I go weeks without daily trades. Stick to 1 and 2 and you will become consistently profitable

-Mike
  • #21,671
  • Feb 17, 2009 4:32pm Feb 17, 2009 4:32pm
When playing a reversal (On pretty much any time frame) is it better to place a stop buy/sell 10 pips below the level of the pin bar... or a limit buy/sell for a retrace up on the pin bar?
Dr. C
  • #21,672
  • Feb 17, 2009 4:35pm Feb 17, 2009 4:35pm
Quoting mbqb11
I go weeks without daily trades. Stick to 1 and 2 and you will become consistently profitable

-Mike
yeah im seeing why u say this ...i had a couple of weeks of great trades and then got over confident now minus again...lol

seems i have to be more patient...am trying thou
  • #21,673
  • Feb 17, 2009 4:35pm Feb 17, 2009 4:35pm
Quoting arcus
Yup, me too. Haven't see a good setup on the Daily (might be due to lack of experience). But I'm watching this. Might have to wait for few days maybe. Nice area to have PA IMHO. About the inside bar, I never traded IB. I mostly play breakout from pullback but now I noticed something from Mike's pullback trade that could be implemented on my breakout trade.
I'll be looking at something like this
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  • #21,674
  • Feb 17, 2009 4:36pm Feb 17, 2009 4:36pm
Quoting mbqb11
I go weeks without daily trades. Stick to 1 and 2 and you will become consistently profitable

-Mike
That is the crux of the matter....not looking hard enough doesn't come into the equation 'A' trades stick out like a sore thumb.
  • #21,675
  • Feb 17, 2009 4:36pm Feb 17, 2009 4:36pm
Quoting cvcamper
When playing a reversal (On pretty much any time frame) is it better to place a stop buy/sell 10 pips below the level of the pin bar... or a limit buy/sell for a retrace up on the pin bar?
This is up to the trader. A few points

A pinbar is NOT valid until that high/low breaks. So if you go to take a pinbar on a retrace, it may never break thus not a valid pin.

Generally a retrace entry is more aggressive, but not wrong by any means. You can get in with a larger position size. Both ways have minuses and pluses.

I am conservative and always wait for a break of the bar.

Test and find what is most comfortable to you

Mike
  • #21,676
  • Feb 17, 2009 4:38pm Feb 17, 2009 4:38pm
Quoting tehuringa
That is the crux of the matter....not looking hard enough doesn't come into the equation 'A' trades stick out like a sore thumb.
yep they do

Most people get stuck in the 2 steps forward(with an A+ trade), then 3 steps back(with the B and C trades). Thus you feel as if you are chasing your tail and end up somewhere around breakeven. This is still a good sign to get to this point, but IMO to get past this breakeven level we have to shake that "need to trade" feel. And do the right thing
  • #21,677
  • Feb 17, 2009 4:43pm Feb 17, 2009 4:43pm
Quoting mbqb11
I'll be looking at something like this
Everytime I see a chart from one of you older guys,It's like "why didn't I see that!"it is so obvious"Goodjob! keep it upI need your eyes!!!
  • #21,678
  • Feb 17, 2009 4:49pm Feb 17, 2009 4:49pm
Quoting tehuringa
That is the crux of the matter....not looking hard enough doesn't come into the equation 'A' trades stick out like a sore thumb.
They certainly do.

When there's a top trade worth taking on the daily there's a sudden influx of posts pointing it out from every man and his dog.

That's how easy this stuff is. THEY are the trades to take.
Bundy's status today: "Waiting..."
  • #21,679
  • Feb 17, 2009 4:52pm Feb 17, 2009 4:52pm
Quoting bundyraider
They certainly do.

When there's a top trade worth taking on the daily there's a sudden influx of posts pointing it out from every man and his dog.

That's how easy this stuff is. THEY are the trades to take.
yes I have a Forum indicator that alerts me when bar closes, if posts per minute increase by X% over the 150day MA of posts it goes off
  • #21,680
  • Feb 17, 2009 4:56pm Feb 17, 2009 4:56pm
Quoting mbqb11
yes I have a Forum indicator that alerts me when bar closes, if posts per minute increase by X% over the 150day MA of posts it goes off
lol

Can you post that indicator?

And a template too please. :nerd:
Bundy's status today: "Waiting..."
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