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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

  • #22,561
  • Feb 26, 2009 12:38am Feb 26, 2009 12:38am
Good day people of the trade,

there is my daily set-up

Go:
1. good looking BEOB
2. confulence of fib in the up move and down move (not on the chart)
3. Before a major PPZ 1.4170...
4. space to go down

No GO:
1. Before a major PPZ 1.4170... (I know it's on the "Go" too)
2. Roundy 1.4100

Any thoughts, comments?

BTW, joined the PF... so much to learn, such a little head
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
  • #22,562
  • Feb 26, 2009 1:09am Feb 26, 2009 1:09am
What do people think about the current GBP/USD 1 hr pin?
Dr. C
  • #22,563
  • Feb 26, 2009 1:22am Feb 26, 2009 1:22am
Quoting Fx_Genius
The short code is placed where alert message is.
PlaySound("Alert.wav");

Full desctiption and related MT4 code help is below.

http://articles.mql4.com/374

http://www.mql4.com/
I have tried to edit the code... put the PlaySound("Alert.wav"); after the alert message.. however it does not work.. could you please help me to check where I have done wrong???
Attached File(s)
File Type: ex4 VM_Price_Action_1.3.ex4   24 KB | 724 downloads
  • #22,564
  • Feb 26, 2009 1:22am Feb 26, 2009 1:22am
Quoting james16
nice post cat. i literally pump my fist in glee when i see posts like this one.

missed oppurtunities will mean nothing to you when the "missed oppurtunity" was preceeded by a winning trade that was worth more than what most people make in a year. people like you have a real chance of actually making it to that point.

when and if you do an amazing thing will happen. you will be so picky it will make you laugh when you compare your thought process to those days when you were desperatly trying to build an account. you will find yourself literally...

Very encouraging -- Thanks Jim!
"A is A"
  • #22,565
  • Feb 26, 2009 2:37am Feb 26, 2009 2:37am
IB GBPJPY 4H, possible H&S?
  • #22,566
  • Feb 26, 2009 2:55am Feb 26, 2009 2:55am
Quoting ady27
Good day people of the trade,

there is my daily set-up

Go:
1. good looking BEOB
2. confulence of fib in the up move and down move (not on the chart)
3. Before a major PPZ 1.4170...
4. space to go down

No GO:
1. Before a major PPZ 1.4170... (I know it's on the "Go" too)
2. Roundy 1.4100

Any thoughts, comments?

BTW, joined the PF... so much to learn, such a little head
Morning.For me the stop being so big on cable reduces my pip power,so that kind of turns me off a bit and id rather sell at the 1.4063 break down as theres a nice price action story building from the 13th feb daily.Im gonna sell the gbp swiss got some interesting bars and a weekly inside bar break to on the south as confluance of price action and a smaller stop so i get more pip power.happy hunting
  • #22,567
  • Feb 26, 2009 3:18am Feb 26, 2009 3:18am
I GOT BANNED!! under section 3 of the rules i said sorry to the managment for this violation and i want to apologise here if my comments were apparently mercenary.In my defence as i put down in my mail to the managment what i brought up was all a part of my learning curve and i was proud to share my results after mini and micro lots of blood sweat and tears. I have a lot of respect for James 16 group and FF as i learnt EVERYTHING here.I am at a bit of a loss how to continue here on the forum as im a pro trader now and win more than i lose for a long time and if i post my thoughts as i feel a graduated student of the J16/FF should to give back it may be seen as mercenary again so any advise would be nice G
  • #22,568
  • Feb 26, 2009 3:47am Feb 26, 2009 3:47am
I must have missed that post Baba.
"The more I practice, the luckier I get." (Gary Player)
  • #22,569
  • Feb 26, 2009 4:39am Feb 26, 2009 4:39am
Thanks for your post
I understand what you're saying; infact i thought this wasn't an A trade.

However, the pin haven't been broken yet, so i passed this trade (i put my sell order at the break of the pin, at about 97,10).

Quoting mbqb11
Hey Bakko,

That bar is nothing to get excited about. Sure it might give some pips....
  • #22,570
  • Feb 26, 2009 4:54am Feb 26, 2009 4:54am
hey guys, I spot this g/u PB. But I think because we got resistence right above, so it's not a good setup right?

please comments, thank's

http://clip2net.com/clip/m11384/1235...-clip-17kb.png
  • #22,571
  • Feb 26, 2009 5:24am Feb 26, 2009 5:24am
Quoting Piproo
hey guys, I spot this g/u PB. But I think because we got resistence right above, so it's not a good setup right?

please comments, thank's
Agreed, everything is straight out of Chopville USA today. I have not even had to make a decision to pass on a trade yet heh
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 169 KB
  • #22,572
  • Feb 26, 2009 5:29am Feb 26, 2009 5:29am
Quoting Piproo
hey guys, I spot this g/u PB. But I think because we got resistence right above, so it's not a good setup right?

please comments, thank's
It was a BUOB on my chart Piproo, But i passed on this one for the reason you mentioned...was not even close to being A, let alone A+

Regards,
Ghous.
I believe . . .
  • #22,573
  • Feb 26, 2009 5:46am Feb 26, 2009 5:46am
Got stopped out on the TE (Touch Entry) for BE yesterday, would have reentered but went off to sleep, anyways here's another try...

Regards,
Ghous.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1h.gif Size: 13 KB
I believe . . .
  • #22,574
  • Feb 26, 2009 5:51am Feb 26, 2009 5:51am
Quoting ghous
It was a BUOB on my chart Piproo, But i passed on this one for the reason you mentioned...was not even close to being A, let alone A+

Regards,
Ghous.

thank you!!!! I am trying to practice the passing tech.
  • #22,575
  • Feb 26, 2009 5:52am Feb 26, 2009 5:52am
Quoting Jigsaw
Agreed, everything is straight out of Chopville USA today. I have not even had to make a decision to pass on a trade yet heh
thank you for ur confirmation jigsaw.
  • #22,576
  • Feb 26, 2009 5:53am Feb 26, 2009 5:53am
Quoting Piproo
hey guys, I spot this g/u PB. But I think because we got resistence right above, so it's not a good setup right?

please comments, thank's

Looks tradable Pip. But remember this from James16:


THIS IS CRITICAL.

WE MUST LEARN TO:

1. notice a strong s/r area just beyond our pa if it exists.
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared.

if we know its there we have several choices.

1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken.


http://www.forexfactory.com/showpost...ostcount=15568

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #22,577
  • Feb 26, 2009 6:41am Feb 26, 2009 6:41am
Quoting carforum
I have tried to edit the code... put the PlaySound("Alert.wav"); after the alert message.. however it does not work.. could you please help me to check where I have done wrong???
Quoting Fx_Genius
The short code is placed where alert message is.
or before.

The ex4 file is not editable so I can't help there. Code is very specific for order of sequence. Placing the code after the alert message should only play after the alert is cleared. Placing it before should play then alert message.
  • #22,578
  • Edited 7:01am Feb 26, 2009 6:46am | Edited 7:01am
Quoting jarroo
Looks tradable Pip. But remember this from James16:


THIS IS CRITICAL.

WE MUST LEARN TO:

1. notice a strong s/r area just beyond our pa if it exists.
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared.

if we know its there we have several choices.

1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter...
Good post jim, very good thinking. Btw i spotted this BUOB as well on the 4hour, took it and I'm setting my SL and TP with the ratio 1:1 there. I've highlighted how I do it and I think this is going well. ohh while typing this post it shot up Comment please
  • #22,579
  • Edited 7:00am Feb 26, 2009 6:48am | Edited 7:00am
chart:

Edit: TP hit
Attached Image (click to enlarge)
Click to Enlarge Name: gu long.gif Size: 23 KB
  • #22,580
  • Feb 26, 2009 7:03am Feb 26, 2009 7:03am
Ghous, just wondering, you played the 4h bullish outside verticle bar? Your entry was simply not the break of this bar, but some resistance below it, that you felt was better for entry? Sorry, just wanted to clarify, looks like a smart trade
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