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Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
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james16 Chart Thread

Quoting albchr
I have one possible answer Ghous.

If you seek, listen to, accept, and Practice Practice PRACTICE the "Wisdom" in this thread, you might just make millions..

Morning everyone..
Morning Chris,

Answer one question to begin your day with...

you're practicing practicing PRACTICING...for wisdom or millions?

What you intend to do is what completes you, wisdom IMO has nothing to do with riches if you're seeking to obtain it...

On the contrary if you're using wisdom to reach to millions...is that acually wisdom at all?

Something to think abt guys, and Jon YES let's do it!
I believe . . .
Quoting albchr
Good point.

I guess it's all how you look at it though. For me, a wise man seeks to help others. Millions would allow the time and flexibility to reach many more "others"...
i agree,i have no problem with MAKING millions i have a problem with KEEPING millions.
anyway back to the thread.my feed(not at home)showed beobs over most pairs yesterday but here i see more pins?? anyone take these trades?
(trade on chart is demo,i took the beob break on my live acc.)
jon
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PATIENCE... DISCIPLINE
Quoting ghous
Morning Chris,

Answer one question to begin your day with...

you're practicing practicing PRACTICING...for wisdom or millions?

What you intend to do is what completes you, wisdom IMO has nothing to do with riches if you're seeking to obtain it...

On the contrary if you're using wisdom to reach to millions...is that acually wisdom at all?

Something to think abt guys, and Jon YES let's do it!
I seek wisdom for myself. The millions will take care of themselves. But IMHO, wisdom not not shared is both a waste and not wise. The millions are simply a vehicle to reach more to share wisdom with. The wisdom is the wealth. The millions just tools.
Ghost Rider - WWTBMD?
Quoting stoli7188
Talk about the momentum (sp?)

.5800 hit, half closed, half at BE with tp at .5655

I am still developing my exit method but there is nothing wrong with getting to BE, especially when against the trend....
Got some profit on NZD/USD also and moved stops up to lock in at least B/E overall. Looking for 0.5670 next.

Stoli, Glad I've 'motivated' you! LOL

Josh
Quoting Jduester
Got some profit on NZD/USD also and moved stops up to lock in at least B/E overall. Looking for 0.5670 next.

Stoli, Glad I've 'motivated' you! LOL

Josh
im also in on this trade but from a beob on my feed again, i have .5700-5720 as my next problem zone
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PATIENCE... DISCIPLINE
Quoting [email protected]
i agree,i have no problem with MAKING millions i have a problem with KEEPING millions.
anyway back to the thread.my feed(not at home)showed beobs over most pairs yesterday but here i see more pins?? anyone take these trades?
(trade on chart is demo,i took the beob break on my live acc.)
jon
I was watching both of these as well. Sadly, I took neither but I'm still tempted as I think they each have a little more room to go....
Ghost Rider - WWTBMD?
how about no leverage, -100 s/l
and trade bigger times like daily? and hold it for a week.... then an hour or so not watching may not matter...

this is just my thinking...
I'm looking at H1 chart now and it basically moved nothing in past hour.

Quoting Lou
Except for about 6 weeks out of the year I can only manipulate my trades during the late Sydney to mid Asian sessions and then again, just prior to the US session.
So that means most price action occurs when I can only watch or am sleeping. Of course not able to move SL to BE.

Some of the strategies I have thought of:
Use Fibs, MAs , PPZs as profit targets and stop placement areas
Use an arbitrary ratio... say 200 pip Tgt and 100 pip SL
Use no Tgt or SL ; use no Tgt but have a SL
Use some kind of calculation regarding the Ave Daily Range or ATR...
Quoting Lou
Except for about 6 weeks out of the year I can only manipulate my trades during the late Sydney to mid Asian sessions and then again, just prior to the US session.
So that means most price action occurs when I can only watch or am sleeping....
Sounds like you are on the right track, with getting a list of different exit strategies that will work in your given unique situation. Once you get a list, then it's just a matter of testing it on a number of trades that you've taken. Then try using that exit strategy exactly on demo for a few months, so you know if you're comfortable with it and see if you're results are what you expected. That is the path I am taking, and it seems to be getting nods of approval from the long-timers on this thread. Good luck and let us know how it works out.

Josh
Quoting [email protected]
im also in on this trade but from a beob on my feed again, i have .5700-5720 as my next problem zone
Nice catch guys.

Nice bearish divergence as well.
Attached Images
Indicators show the past. Price Action "Indicates" the future.
Quoting jarroo
Nice catch guys.

Nice bearish divergence as well.
hope you pinbar guys are happy with your 50 pips EXTRA!!!
PATIENCE... DISCIPLINE
Quoting [email protected]
hope you pinbar guys are happy with your 50 pips EXTRA!!!
You copy that Jarroo?!? This stupid guy thinks he can mock us

lol!

...
I believe . . .
Quoting ghous
You copy that Jarroo?!? This stupid guy thinks he can mock us

lol!

...
thatlle be the day
PATIENCE... DISCIPLINE
Quoting [email protected]
thatlle be the day
I believe . . .
I'm new to this thread and would like to know if anyone is watching GBP?USD pinbar on the 4Hr charts?
Quoting 68eagle
I'm new to this thread and would like to know if anyone is watching GBP?USD pinbar on the 4Hr charts?
I'm not seeing it?

Edit: I'm a newbie as well but know the nose needs to be much larger and usually pointing in the direction of the trend thats hopefully being reversed. Check out the tutorials in the original post.
Is this not a PinBar?
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Quoting 68eagle
I'm new to this thread and would like to know if anyone is watching GBP?USD pinbar on the 4Hr charts?
I like it
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I believe . . .
Quoting 68eagle
Is this not a PinBar?
Nice false break of 2 inside bars and the mother candle. Up we go.
Those that can, do, those that can't, teach.
What broker are you guys using? IBFX looks completely different for me. Maybe I should go ahead and get another feed from someone.
gbpjpy has a similar pinbar as gbpusd....
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