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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

  • #26,001
  • Apr 3, 2009 1:12am Apr 3, 2009 1:12am
Quoting pipmyride
Pros,
Anyone think the GU H1 pin, and also H4 forming pin is tradable ?
Pretty sure its not a great one but interested to hear some thoughts..

In between zones

thx
Are you talking about this one pmr. Looks like it worked out.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #26,002
  • Apr 3, 2009 1:14am Apr 3, 2009 1:14am
Quoting pipmyride
Pros,
Anyone think the GU H1 pin, and also H4 forming pin is tradable ?
Pretty sure its not a great one but interested to hear some thoughts..

In between zones

thx
Yes i do ,went long at 1.4706 we shall see how it works out !
  • #26,003
  • Apr 3, 2009 1:27am Apr 3, 2009 1:27am
Quoting jarroo
Are you talking about this one pmr. Looks like it worked out.
Thats the one ... didnt take it at this stage so i'm slightly annoyed.
But i know it happens
  • #26,004
  • Apr 3, 2009 1:31am Apr 3, 2009 1:31am
If it gets thru 1.4773 resistance then i will be looking at holding the trade for 1.4900. (long term trade)
  • #26,005
  • Apr 3, 2009 1:34am Apr 3, 2009 1:34am
Quoting pipmyride
Thats the one ... didnt take it at this stage so i'm slightly annoyed.
But i know it happens
Got to be quick and nimble on the 1 hour time frame. It can be too fast for me. Unless they really stand out.
Indicators show the past. Price Action "Indicates" the future.
  • #26,006
  • Apr 3, 2009 1:39am Apr 3, 2009 1:39am
Quoting pipmyride
Thats the one ... didnt take it at this stage so i'm slightly annoyed.
But i know it happens
I wouldn't beat yourself up about that pin Pipmyride. It was pretty ordinary to my mind. ...And you can't be in on every fast move, either.
Bundy's status today: "Waiting..."
  • #26,007
  • Apr 3, 2009 1:40am Apr 3, 2009 1:40am
Quoting jarroo
Got to be quick and nimble on the 1 hour time frame. It can be too fast for me. Unless they really stand out.
Yes i'm definately not nimble enough yet ... but at least whereas in the past i would have chased it, this time i didnt ..
  • #26,008
  • Apr 3, 2009 1:53am Apr 3, 2009 1:53am
Quoting mancub
If it gets thru 1.4773 resistance then i will be looking at holding the trade for 1.4900. (long term trade)
brave decision before NFP...
My limit hit @ 4790 with a .......... 10ps trailing stop (4780)... was taken out 4820 for 30ps. ....(@ trsl).
will see later what uncle sam brings us at 0730
4950 looks like a good tp if we get some action past NF
  • #26,009
  • Apr 3, 2009 1:56am Apr 3, 2009 1:56am
Quoting jarroo
Looking good, J-Man.
I took the AUDUSD 4Hr pin bar and am currently in a draw down..anyone else out there in the trade?
  • #26,010
  • Apr 3, 2009 2:01am Apr 3, 2009 2:01am
Quoting Eklavya
I took the AUDUSD 4Hr pin bar and am currently in a draw down..anyone else out there in the trade?
i hear ya - been a few like that this morning. stops in place so wil just have to see what happens
  • #26,011
  • Edited 8:14am Apr 3, 2009 2:06am | Edited 8:14am
Quoting Eklavya
I took the AUDUSD 4Hr pin bar and am currently in a draw down..anyone else out there in the trade?
It didn't break very hard and once it started breaking hard the other way would be my signal to get out with a small loss.

With the Cad trade yesterday it was on the Daily (better strength) didn't break all that hard but it was declining very steady and continuous. This does take practise especially on the lower time frames.
Indicators show the past. Price Action "Indicates" the future.
  • #26,012
  • Apr 3, 2009 2:08am Apr 3, 2009 2:08am
Quoting raczekfx
brave decision before NFP...
...
Here is my last strat of the week for NFP....

1. limit buy 15-20ps away from current price (as of 8:28)
2. crosses involved: eu, gu, gj, ej and uj
3. sl 20-30ps, tp for half at 30ps profit, sl moved to be on remainder
4. question is long or short limit...? I know the answer but it would be signaling... (in the PF)
  • #26,013
  • Edited 2:26am Apr 3, 2009 2:12am | Edited 2:26am
Quoting raczekfx
Here is my last strat of the week for NFP....

1. limit buy 15-20ps away from current price (as of 8:28)
2. crosses involved: eu, gu, gj, ej and uj
3. sl 20-30ps, tp for half at 30ps profit, sl moved to be on remainder
4. question is long or short limit...? I know the answer but it would be signaling...
I'll be watching that one. My guess is long.
Indicators show the past. Price Action "Indicates" the future.
  • #26,014
  • Apr 3, 2009 2:18am Apr 3, 2009 2:18am
morning gents (from a cool english spring morning).
I was reading through the thread and saw James16 mentioned how far this thread had come. Well im zimbabwean (heading home in under a week) so there's another country to tick off your list haha.

anyway, my 4H bar on GU closes in 40mins. thinking about entering on the retrace of the BUOB. anyone think this might be silly? its friday.......
  • #26,015
  • Apr 3, 2009 2:26am Apr 3, 2009 2:26am
Quoting raczekfx
oh really?....
The key words is "I'll be watching" from the sidelines. lol
Indicators show the past. Price Action "Indicates" the future.
  • #26,016
  • Apr 3, 2009 2:37am Apr 3, 2009 2:37am
Quoting raczekfx
brave decision before NFP...
My limit hit @ 4790 with a .......... 10ps trailing stop (4780)... was taken out 4820 for 30ps. ....(@ trsl).
will see later what uncle sam brings us at 0730
4950 looks like a good tp if we get some action past NF
Might get out prior to nfp. thanks for the reminder almost forgot about it !
will look to see where price is 15 mins before.. nice pips at the moment.
  • #26,017
  • Apr 3, 2009 4:48am Apr 3, 2009 4:48am
Obviously J16ers take NFP off ..
  • #26,018
  • Apr 3, 2009 5:00am Apr 3, 2009 5:00am
Quoting jarroo
Yes. Clawson, Mi.

Not wrong advice. You were just being very picky on your trades. Just becareful, you may just turn into a trader like Mike and Jim.

Considering the vast locations of everyone here,We are practically neighbors
Jarro.I am from NW Indiana.Do any fishing up there?
  • #26,019
  • Apr 3, 2009 5:30am Apr 3, 2009 5:30am
My very first succesful pin. That's by FAR the largest single trade I've ever had!!

Jim you (and the band of experts here) ROCK!

Thank you Thank you ALL
Attached Image (click to enlarge)
Click to Enlarge Name: cad daily.gif Size: 13 KB
Ghost Rider - WWTBMD?
  • #26,020
  • Apr 3, 2009 5:41am Apr 3, 2009 5:41am
Quoting raczekfx
Here is my last strat of the week for NFP....

1. limit buy 15-20ps away from current price (as of 8:28)
2. crosses involved: eu, gu, gj, ej and uj
3. sl 20-30ps, tp for half at 30ps profit, sl moved to be on remainder
4. question is long or short limit...? I know the answer but it would be signaling... (in the PF)
I can surely call you Nostradamus of the market lol Spread on my ibfx does not increase, something weird. Usually it would increase like crazy.
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