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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

  • #27,781
  • Apr 22, 2009 10:47am Apr 22, 2009 10:47am
Quoting raczekfx
you're joking right....?

Running a business based on what others (not interested in your personal success) have to say, is not the best way to run a successful enterprise.

Have a look at a bigger picture and see what are your chances...
.
You're right. Thanks for the chart.
  • #27,782
  • Apr 22, 2009 10:59am Apr 22, 2009 10:59am
Quick question, how does one put the blue "zones" on their charts? I've been using horizontal lines to remind myself of strong PPZ's but I'm curious to see how I like looking at is as a zone.
  • #27,783
  • Apr 22, 2009 11:04am Apr 22, 2009 11:04am
Quoting mooncricket
Quick question, how does one put the blue "zones" on their charts? I've been using horizontal lines to remind myself of strong PPZ's but I'm curious to see how I like looking at is as a zone.
You can use the rectangle tool under Insert - Shapes - Rectangle (just change the color properties to whatever you like)


Mike
  • #27,784
  • Apr 22, 2009 11:09am Apr 22, 2009 11:09am
Quoting mooncricket
Quick question, how does one put the blue "zones" on their charts? I've been using horizontal lines to remind myself of strong PPZ's but I'm curious to see how I like looking at is as a zone.
Here.
Attached Image
  • #27,785
  • Apr 22, 2009 11:14am Apr 22, 2009 11:14am
what do you guys think about this pinbar on eur/jpy 4h?
short?
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meine augen sind die sterne
  • #27,786
  • Apr 22, 2009 11:29am Apr 22, 2009 11:29am
Quoting aserbfx
what do you guys think about this pinbar on eur/jpy 4h?
short?
Untradable.
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I believe . . .
  • #27,787
  • Apr 22, 2009 11:34am Apr 22, 2009 11:34am
Quoting ghous
Untradable.
thanks for the explanation. i really love this.
meine augen sind die sterne
  • #27,788
  • Apr 22, 2009 11:53am Apr 22, 2009 11:53am
Quoting hipcio
For me looks interesting, I can see some TL
and fibo 70
if next h4 closes below my ema8 I will be happy, but what with 1,600 level
I do not know if it worth taking

Peter
uchf did exactly what I said
not much but 84 pps to 1600

Peter
Jesus Christ is my only Lord !
  • #27,789
  • Apr 22, 2009 12:22pm Apr 22, 2009 12:22pm
Quoting rustyjeff
looks a bit like this one..
still on holliday but happened to see this one .
Little bit, but no break. Until that happens, it's just a 60-70ps intra-day play.
  • #27,790
  • Apr 22, 2009 12:37pm Apr 22, 2009 12:37pm
Quoting raczekfx
Little bit, but no break. Until that happens, it's just a 60-70ps intra-day play.
It was based entirely on the breakout and retest of the daily ppz Mark or you had something else running in your mind?
I believe . . .
  • #27,791
  • Apr 22, 2009 12:56pm Apr 22, 2009 12:56pm
Quoting ghous
It was based entirely on the breakout and retest of the daily ppz Mark or you had something else running in your mind?
if you referring to cable then yes. I'm not in us/cad. I only took gu short and eur/gbp long last night before tokyo opened.
  • #27,792
  • Apr 22, 2009 1:15pm Apr 22, 2009 1:15pm
Quoting raczekfx
another trading plan drafted this morning..

1.break of a daily ppivot
2.retrace to rac's favorite
3.blind entry short
4.stop above 61fib and ppz confl
5.free trade now with some profit locked
6.tp? everyone knows, I posted in reply to hipcio few days ago

p.s. now that I think about it. it's somehow similar to what James was talking about in his BEST EVER webinar last night..., or perhaps I'm seeing things... quite possible..
.
I liked Your trade so much - I could not watch it patiently and ... I am also in free trade now - though I do not have any profit locked - I hope - yet

Peter
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Jesus Christ is my only Lord !
  • #27,793
  • Apr 22, 2009 1:26pm Apr 22, 2009 1:26pm
Im getting to the stage where I want to have as little as possible on my charts, a few major weekly pivot zones, just lime bars on a black chart and draw a fib temporaily now and again to show confluence.

I had an indicator I created (Im a programmer) to mark PA bars, but it occured to me that the bars are just shapes to help people recognise what price is doing, they shouldnt have strict rules applied, we should look at what price is doing near an S/R area, i.e. it made a run and got rejected, not its a pin bar with close below the eye etc.

I know most of you guys will know this, the simplier it gets the better.
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Economists have forecast 9 out of the last 5 recessions
  • #27,794
  • Apr 22, 2009 1:34pm Apr 22, 2009 1:34pm
hey everyone
just want to ask if the numbers that are 5 digits on the fx pro chart can be changed to four digit on the mt4? thank you

maklla
  • #27,795
  • Apr 22, 2009 1:41pm Apr 22, 2009 1:41pm
Quoting markmm
Im getting to the stage where I want to have as little as possible on my charts, a few major weekly pivot zones, just lime bars on a black chart and draw a fib temporaily now and again to show confluence.

I had an indicator I created (Im a programmer) to mark PA bars, but it occured to me that the bars are just shapes to help people recognise what price is doing, they shouldnt have strict rules applied, we should look at what price is doing near an S/R area, i.e. it made a run and got rejected, not its a pin bar with close below the eye etc....
Looks good man

Quoting Maklla
hey everyone
just want to ask if the numbers that are 5 digits on the fx pro chart can be changed to four digit on the mt4? thank you

maklla
No way of changing them. (As far as I know anyway) I have seen a number of people ask and nobody has a way f doing it yet.
  • #27,796
  • Apr 22, 2009 1:42pm Apr 22, 2009 1:42pm
Quoting hipcio
I liked Your trade so much - I could not watch it patiently and ... I am also in free trade now - though I do not have any profit locked - I hope - yet

Peter
If you move your stop to BE+1 then you lock in some profit..
1ps profit is better than a loss. And one day you may find that one pip be worth $1000.... I know, James' pips are worth that much from time to time...
  • #27,797
  • Apr 22, 2009 1:47pm Apr 22, 2009 1:47pm
Could be a nice pin trade...
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  • #27,798
  • Apr 22, 2009 1:50pm Apr 22, 2009 1:50pm
Hi Mark,

I'm a big believer in round numbers. Try to draw levels just on the big ones (1, 1.05, 1.1, 1.15, 1.2, etc.) and look back to the history how price reacts with such levels on daily charts. There are quite often moments of reversal.

Have a nice day,

Ajchi



Quoting markmm
Im getting to the stage where I want to have as little as possible on my charts, a few major weekly pivot zones, just lime bars on a black chart and draw a fib temporaily now and again to show confluence.

I had an indicator I created (Im a programmer) to mark PA bars, but it occured to me that the bars are just shapes to help people recognise what price is doing, they shouldnt have strict rules applied, we should look at what price is doing near an S/R area, i.e. it made a run and got rejected, not its a pin bar with close below the eye etc....
  • #27,799
  • Apr 22, 2009 1:55pm Apr 22, 2009 1:55pm
Quoting raczekfx
If you move your stop to BE+1 then you lock in some profit..
1ps profit is better than a loss. And one day you may find that one pip be worth $1000.... I know, James' pips are worth that much from time to time...

Yes, it makes great difference in the spread sheet,
so I lock 1pip now

Peter
Jesus Christ is my only Lord !
  • #27,800
  • Apr 22, 2009 1:56pm Apr 22, 2009 1:56pm
Quoting ajchi
Hi Mark,

I'm a big believer in round numbers. Try to draw levels just on the big ones (1, 1.05, 1.1, 1.15, 1.2, etc.) and look back to the history how price reacts with such levels on daily charts. There are quite often moments of reversal.

Have a nice day,

Ajchi
Mines are on round numbers, except the 70 one must have moved it accidentally.
Economists have forecast 9 out of the last 5 recessions
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