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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

  • #27,621
  • Apr 21, 2009 12:31pm Apr 21, 2009 12:31pm
150 EMA acting as support on my feed @ 1.2345
  • #27,622
  • Apr 21, 2009 12:33pm Apr 21, 2009 12:33pm
Quoting jpa0827
Hey Ghous,

Do you think the EUR/CAD looks better? Or are they basically the same trade? I'm a rookie as you probably can see lol.

Jim
by the look of it Eur/cad surely is one sweet looking pin bar, I am actually eying both these in addition to cad/chf...
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Click to Enlarge Name: eurcad.gif Size: 13 KB
I believe . . .
  • #27,623
  • Apr 21, 2009 12:35pm Apr 21, 2009 12:35pm
Ok thanks for the help ghous. It is appreciated. God I love this thread. lol Everyone here is just awesome.

Good Trading everyone.
"Luck favors the prepared mind"
  • #27,624
  • Apr 21, 2009 12:37pm Apr 21, 2009 12:37pm
Quoting Shermenator
Yep my sell stop on that pin bar is on already...Just loving it

Attachment
i got this chart on eur/cad 4h. it is harder to recognize the PB. anyone know why shermenator got the PB in one bar and here it is on two? i use alpari uk.
Attached Image (click to enlarge)
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meine augen sind die sterne
  • #27,625
  • Apr 21, 2009 12:39pm Apr 21, 2009 12:39pm
Make sure you are using New York Close charts
"Luck favors the prepared mind"
  • #27,626
  • Apr 21, 2009 12:40pm Apr 21, 2009 12:40pm
Quoting aserbfx
i got this chart on eur/cad 4h. it is harder to recognize the PB. anyone know why shermenator got the PB in one bar and here it is on two? i use alpari uk.

That is just a difference in broker closing time. Different brokers have 4hr closings at different times based on their timezone. Price is the same, just how you see it aggregated might be different.

Lots of signals out there, don't go nuts just pick the best ones and use proper MM!


Mike
  • #27,627
  • Apr 21, 2009 12:41pm Apr 21, 2009 12:41pm
Quoting ghous
Great setups don't know what the trend is...price will mostly give you the pips via A+ setups and move on...
Thank You Ghous,

Peter
Jesus Christ is my only Lord !
  • #27,628
  • Apr 21, 2009 12:43pm Apr 21, 2009 12:43pm
Quoting ghous
by the look of it Eur/cad surely is one sweet looking pin bar, I am actually eying both these in addition to cad/chf...
Thats just great, Jigsaw has none of those on his live feed


Quoting mbqb11
That is just a difference in broker closing time. Different brokers have 4hr closings at different times based on their timezone. Price is the same, just how you see it aggregated might be different.

Lots of signals out there, don't go nuts just pick the best ones and use proper MM!


Mike


Mike, where did you get the Elmer Fudd thing from ?

I've always pondered about it. . .
  • #27,629
  • Apr 21, 2009 12:44pm Apr 21, 2009 12:44pm
Quoting Jigsaw
Thats just great, Jigsaw has none of those on his live feed






Mike, where did you get the Elmer Fudd thing from ?

I've always pondered about it. . .
just me taking "rifle shots" no shotguns here
  • #27,630
  • Apr 21, 2009 12:47pm Apr 21, 2009 12:47pm
Quoting mbqb11
just me taking "rifle shots" no shotguns here
The J16 Motto !

Sounds good . .
  • #27,631
  • Apr 21, 2009 1:05pm Apr 21, 2009 1:05pm
Quoting mbqb11
Lots of signals out there, don't go nuts

Mike

Now there's a warning worth heading





ps Mike - Elmer used a shotgun as he was a duck/rabbit hunter
  • #27,632
  • Apr 21, 2009 1:07pm Apr 21, 2009 1:07pm
I have been waiting patiently for a decent setup on daily for ages and now it seems that 2 have come at once: USD/CAD and EUR/CAD. Are these really separate trades or would I be doubling my risk by taking them both?
  • #27,633
  • Apr 21, 2009 1:09pm Apr 21, 2009 1:09pm
They are seperate trades.

Nice daily IBs on EURJPY and EURUSD.
  • #27,634
  • Apr 21, 2009 1:12pm Apr 21, 2009 1:12pm
Quoting enculée
They are seperate trades.

Nice daily IBs on EURJPY and EURUSD.
on my feed eur/jpy has a lower low than previous day
just something to be aware of...my feed is fxpro
agree on e/u
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #27,635
  • Apr 21, 2009 1:12pm Apr 21, 2009 1:12pm
Quoting simoncs
Now there's a warning worth heading





ps Mike - Elmer used a shotgun as he was a duck/rabbit hunter
LOL I knew someone was gonna say that

Ok I just think hes funny and his persistence is bar none

I also keep a superman emblem on my one screen, and I have two fortune cookie quotes posted to my walls above my computers. I enjoy the little things for motivation
  • #27,636
  • Apr 21, 2009 1:13pm Apr 21, 2009 1:13pm
Quoting TotalNewbie
I have been waiting patiently for a decent setup on daily for ages and now it seems that 2 have come at once: USD/CAD and EUR/CAD. Are these really separate trades or would I be doubling my risk by taking them both?
They would be considered correlated trades in my book. When a situation that you get similar trades across the board, I pick the best 1 or 2. Usually just one

But that is just me

Mike
  • #27,637
  • Apr 21, 2009 1:23pm Apr 21, 2009 1:23pm
Quoting alter

Would you tell as how much is enough please?
if after three month of trading PA on demo, you didn't have a losing week. I'd say you graduated from JK to SK ...
  • #27,638
  • Apr 21, 2009 1:24pm Apr 21, 2009 1:24pm
U/CAD 4h perhaps daily pin is at the epicentre of s/r on daily timeframes. It's surrounded by channels, ppz, and fibs. Careful
Money & Pain Respect the market, protect your capital, be patient
  • #27,639
  • Apr 21, 2009 1:32pm Apr 21, 2009 1:32pm
Quoting hipcio
Thank You
Jigsaw and Ghous
for the opinion

I look also at fibo and pivot and hope for ema 150 second line res.

Peter
Regardless of J and G opinions, I just couldn't resist pounding of 97.80 area which eventually formed two consecutive pins - gone long on uj (and since I trade yen crosses together I also took g/j and e/j)
.
Attached Image
  • #27,640
  • Apr 21, 2009 1:36pm Apr 21, 2009 1:36pm
Quoting raczekfx
(and since I trade yen crosses together I also took g/j and e/j)
.
Hey Mark,

What's your MM like for that, and why "together" if you do not mind me asking.

Regards,
Jig
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