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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

  • #27,941
  • Apr 24, 2009 1:00am Apr 24, 2009 1:00am
Quoting raczekfx
don't be too hard on yourself. would you still be unhappy if a pip was worth $100 to you..?
... besides, you can double that on fiber now.....

I've already explained my problem with 99pps to Krue (previous post).

I get scared, my emotions play too much instead of my mind.

- what concerns fiber - I tried - but it seems to be climbing up, I drew a line on 3200 - my line will surely stop it

Peter
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Jesus Christ is my only Lord !
  • #27,942
  • Apr 24, 2009 1:59am Apr 24, 2009 1:59am
Quoting bundyraider
Good job. (on the trade and the PPZs. )

I also mark in little minor PPZs ....at least around the trade.

Like so...

Small box is of most interest, and usually strongest. Big box marks out the entire zone that you should be watching.

There's another one I just noticed where price is sitting now (on your chart!), which probably coincides with the 50% retrace too. edit: in fact that larger box , I'd think about encompassing it too. Sometimes a larger zone sux, but price can bounce anywhere around there.
Thanks Bund - it's great to know that I'm at least following the right road even if the destination is still a long way off.... Good info re the boxes too - I'm going to try that.
When in doubt, sit on your hands...
  • #27,943
  • Apr 24, 2009 2:02am Apr 24, 2009 2:02am
Quoting jpa0827
WOW! I thought my few indicators were confusing. Look at the charts on this page. http://www.forexfactory.com/showthre...0372&page=5938 Scary!!!
Oh man - that gave me a good laugh...
When in doubt, sit on your hands...
  • #27,944
  • Apr 24, 2009 2:24am Apr 24, 2009 2:24am
Quoting raczekfx
Like this monster....?
OMG! Never seen anything like that before! Imagine if he lost control - it could have dire consequences (okay I admit it - I'm getting old and sensible ).

I still wouldn't mind a wee go though!

Now; back to trading...
When in doubt, sit on your hands...
  • #27,945
  • Apr 24, 2009 2:36am Apr 24, 2009 2:36am
Quoting bjohn34
I have been lurking here for a couple months and posting infrequently but am really impressed with the information, knowledge and comradarie in this group. I will participate more actively in the future.

I have a question about how others manage your MT4 when watching multitudes of pairs for PA.

When watching 40-60 pairs, do you keep them all in one MT4 profile or divide them up into multiple profiles, perhaps by base currency, to make it more manageable?

I am increasing the number of pairs I watch, have everything in one profile now...
What I have done is I have the majors in one profile, then split them into profiles for EUR, JPY, GBP, AUD-NZD-CHF, I put a number before them so they are in order I want. 1 Majors, 2 EUR, 3 JPY etc.
Economists have forecast 9 out of the last 5 recessions
  • #27,946
  • Apr 24, 2009 2:43am Apr 24, 2009 2:43am
Quoting jpa0827
WOW! I thought my few indicators were confusing. Look at the charts on this page. http://www.forexfactory.com/showthre...0372&page=5938 Scary!!!
Talk about no room to move, I guess this guy must be glued to the screen, check out this chart, http://www.forexfactory.com/showpost...98&postcount=8.
Economists have forecast 9 out of the last 5 recessions
  • #27,947
  • Apr 24, 2009 3:05am Apr 24, 2009 3:05am
Has anyone else ever noticed large variations in their MA's between demo and live accounts?
On my Alpari demo acc my current 150 & 365 EMA levels on USDCHF are 1.1398 and 1.1320 respectively. Yet on my Alpari live acc the same two MA's with identical settings are 1.1476 and 1.1410.
Does anyone know of a reason for this?

Steve.
"The more I practice, the luckier I get." (Gary Player)
  • #27,948
  • Apr 24, 2009 3:15am Apr 24, 2009 3:15am
Quoting mrsingha
Has anyone else ever noticed large variations in their MA's between demo and live accounts?
On my Alpari demo acc my current 150 & 365 EMA levels on USDCHF are 1.1398 and 1.1320 respectively. Yet on my Alpari live acc the same two MA's with identical settings are 1.1476 and 1.1410.
Does anyone know of a reason for this?

Steve.
Most likely one of them has missing data.

I know some demo servers I used in the past were hopeless when it came to filling in missing bars in history.
Bundy's status today: "Waiting..."
  • #27,949
  • Apr 24, 2009 3:17am Apr 24, 2009 3:17am
Quoting raczekfx
Like this monster....?
That's the clip.

Didn't know it was a C-17 . Look the same to me.
Bundy's status today: "Waiting..."
  • #27,950
  • Apr 24, 2009 3:21am Apr 24, 2009 3:21am
Quoting bundyraider
Most likely one of them has missing data.

I know some demo servers I used in the past were hopeless when it came to filling in missing bars in history.
Thanks Bundy but its actually the live account that's out.
My three demo platforms (Aplari IBFX and FXPro ) are all within a few pips of each other.
"The more I practice, the luckier I get." (Gary Player)
  • #27,951
  • Apr 24, 2009 3:24am Apr 24, 2009 3:24am
us/cad heading to second tp on my chart..1.2180-1.2200, anyone still in this??this is one of those breaks that hasnt retraced anywhere near the break price yet so im thinking they may be some nice proifts out there??
jon
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PATIENCE... DISCIPLINE
  • #27,952
  • Apr 24, 2009 3:33am Apr 24, 2009 3:33am
Quoting bjohn34
When watching 40-60 pairs, do you keep them all in one MT4 profile or divide them up into multiple profiles, perhaps by base currency, to make it more manageable?

I am increasing the number of pairs I watch, have everything in one profile now and easily get lost/confused in my old age.
I don't tile my windows any more. Not often anyway.

Currently I have....

Monthly Profile... All IBFX pairs on Monthly timeframe (derr. lol)
Weekly Profile... All IBFX pairs.
Daily ...
4 hour ... ....etc

I have one chart maximised so that when I use "Ctrl + F6" it flicks through all charts at that large maximised screen size.
Takes about 20 to 30 seconds to go through and scan for PA doing this. Once every day for daily. Once every 4 hours some days if I feel like it. Some times I'll do this every hour if it's a good trading day. Pen and note pad beside me to write down pairs of interest for trading analysys after the scan.

I set up the Monthly charts with Monthly fibs and PPZs and so on....

Copy the profile down to the Weekly... Then adjust the time frame for each chart ("Ctrl + F6" ...click "W1"...Ctrl +F6 ...click "W1" and so on) Takes about 10 secs. Every few weeks there might be fibs to add or something.
I then do the same for Daily.... Then 4 hour etc.

....This way my least cluttered Monthly charts help keep the other time frames relatively fresh every week or whatever, and all timeframe profiles then inherit the larger monthly Fibs and PPZs and so on. Every week I clean all my charts this way. Well most weeks anyway.

Only takes around ten to fifteen minutes to refresh all my profiles and adjust time frames ready for the next weeks ...umm.... 'waiting'.
.
Bundy's status today: "Waiting..."
  • #27,953
  • Apr 24, 2009 3:39am Apr 24, 2009 3:39am
Bundy, if you use CTRL F6, does it flick among the charts in random order or you can adjust the order you want?
  • #27,954
  • Apr 24, 2009 3:41am Apr 24, 2009 3:41am
Quoting raczekfx
lol... not this time. RF(rac's favorite) would probably be good for 40-60ps only this time. That's less than half of hipcio's move on ucad....
See what I meant by not this time Rainmaker?....

It was a hint for going long on fiber. Too bad my limit buy @ 3090 never got filled....
I bought it 'manually' at 1.3125 (when I wrote previous post) and had limit buy @ 1.3168... for another half.

Got a love it when a week end like this.....:-)

p.s. Second part of the plan remains a mystery and may not come true right away, but a tr plan was made a couple of days ago (when I saw two days consolidation) to long fiber till 3250-34 (first part) and reverse to short all the way to 2450.
I'm now very curious about the second part...
  • #27,955
  • Apr 24, 2009 3:44am Apr 24, 2009 3:44am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting bundyraider
I don't tile my windows any more. Not often anyway.

Currently I have....

Monthly Profile... All IBFX pairs on Monthly timeframe (derr. lol)
Weekly Profile... All IBFX pairs.
Daily ...
4 hour ... ....etc

I have one chart maximised so that when I use "Ctrl + F6" it flicks through all charts at that large maximised screen size.
Takes about 20 to 30 seconds to go through and scan for PA doing this. Once every day for daily. Once every 4 hours some days if I feel like it. Some times I'll do this every hour if it's a good trading day. Pen and...
I use mine in a similar way, except my higher TF's are clean so i can see only the candle shape, then i have one set called master were i select the tradable pairs and add fib's TL S&R and just flip between TF for my selected pairs - I'm lazier than you though and can't be bothered to stretch far enough to reach F6 so i use Ctl + Tab does the same thing
  • #27,956
  • Apr 24, 2009 3:44am Apr 24, 2009 3:44am
Quoting g_j_hook@yah
us/cad heading to second tp on my chart..1.2180-1.2200, anyone still in this??this is one of those breaks that hasnt retraced anywhere near the break price yet so im thinking they may be some nice proifts out there??
jon
Hey jon.

I like the 1.2100, its such a clear defined PPZ since Oct. 2008.
Yes, the 1.2200 has some strong Resistence in recent weeks, Price did just break it which is a good sign that we may have more on the table.

Trading sure is easier when you have banked some good pips and the stop loss is at breakeven.
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Indicators show the past. Price Action "Indicates" the future.
  • #27,957
  • Apr 24, 2009 3:48am Apr 24, 2009 3:48am
Quoting alter
Bundy, if you use CTRL F6, does it flick among the charts in random order or you can adjust the order you want?
I think the order is related to the order you have last visited each on in some way.

If I manually select the chart tabs in order then use ctrl F6 , it back tracks in reverse order , just like the the Back button in your browser. So it's user history based.

If someone know the keys to tab through in order I'd be stoked to know them too.

Don't use Shift + Ctrl + F6. At first I thought it was going forward in history , opposite to not using "Shift". But it was actually deleting charts!!! Didn't realise till there was only three or four charts left in my profile. lol
Bundy's status today: "Waiting..."
  • #27,958
  • Apr 24, 2009 3:50am Apr 24, 2009 3:50am
[quote=raczekfx;2692443]See what I meant by not this time Rainmaker?....

It was a hint for going long on fiber. Too bad my limit buy @ 3090 never got filled....
I bought it 'manually' at 1.3125 (when I wrote previous post) and had limit buy @ 1.3168... for another half. /quote]

Hello,
what time frame are you talking about. I don't see any PA setup on Fiber.
  • #27,959
  • Apr 24, 2009 3:51am Apr 24, 2009 3:51am
Quoting MPP
I'm lazier than you though and can't be bothered to stretch far enough to reach F6 so i use Ctl + Tab does the same thing
Awww. Nice!!! Shift+Ctrl+Tab works too. ...Much better

Cheers bro!!
Bundy's status today: "Waiting..."
  • #27,960
  • Apr 24, 2009 3:55am Apr 24, 2009 3:55am
Quoting raczekfx
Too bad my limit buy @ 3090 never got filled....
Had an alarm set here too. Bummer.
Damn the moves on the last 4 hour open were quick too! (IBFX Charts)

Decided to turn the oven on for dinner, and missed a good trade. lol
Bundy's status today: "Waiting..."
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