james16 Chart Thread | Page 1416 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #28,301
  • Apr 28, 2009 12:07am Apr 28, 2009 12:07am
hey guys sorry dashed off to do a couple of things, let me read ur posts properly ....ill reply back asap
Simplicity is the key to success
  • #28,302
  • Apr 28, 2009 12:08am Apr 28, 2009 12:08am
Quoting ozziedave
Thanks SC...

Mine is still not working right. I do use foxfire as my browser but never had any issues with it. I click on the picture and get a gray box over the image and it just sits there. No smaller picture appears. This is really a PIA. Thanks for helping.
Hi OD - if you just click somewhere near the centre of the grey box that appears, it should open (works for me and I'm using Firefox)

Cheers, G
When in doubt, sit on your hands...
  • #28,303
  • Apr 28, 2009 12:11am Apr 28, 2009 12:11am
Quoting gododdin
Really great stuff Jarroo - I learned a lot from that post...
Check some past "A" quality" PA setups (2008, 2007, 2000 B.C.) and see for yourself.
Indicators show the past. Price Action "Indicates" the future.
  • #28,304
  • Apr 28, 2009 12:12am Apr 28, 2009 12:12am
Quoting ghous
Brilliant!

As you spend more and more time taking and managing your trades you'll understand that it isn't always abt "A PPZ in sight" it's more abt the belief that it should or should not break.

This is what Jarroo's doing all the time with his less than A+ setups.

You're on your way to greatness, I'd second that after Jarroo.

thnx ghous
i appreciate it
u guys r really making my day, im smiling here ( wish u cld see me)
still need fine tuning though, but with time it stick like glue
Simplicity is the key to success
  • #28,305
  • Apr 28, 2009 12:19am Apr 28, 2009 12:19am
Quoting jarroo
Lets's look at the Daily, same pair. Any one see a Daily DBHLC with a retrace to the previous bar low?
wow!!! thnx jarroo
men! i mean, dnt know wat to say
i owe my new & improved style of trading to the whole j16 crew but i dnt want to blow my horn yet, want to be consistent 1st
im extending my demo trading b4 going live till maybe next yr, want to see a lot of scenarios until they become repititive & ill know how to handle them
sure u r still holding ur eurusd short, jst checked the h4 tf
seems to be battling wit 1.31 area, goodluck
thnx again guys
Simplicity is the key to success
  • #28,306
  • Apr 28, 2009 12:23am Apr 28, 2009 12:23am
Quoting squeezy
wow!!! thnx jarroo
men! i mean, dnt know wat to say
i owe my new & improved style of trading to the whole j16 crew but i dnt want to blow my horn yet, want to be consistent 1st
im extending my demo trading b4 going live till maybe next yr, want to see a lot of scenarios until they become repititive & ill know how to handle them
sure u r still holding ur eurusd short, jst checked the h4 tf
seems to be battling wit 1.31 area, goodluck
thnx again guys
Your doing and saying all the right things. Keep thoses great charts coming. Your on the right path brother.
Indicators show the past. Price Action "Indicates" the future.
  • #28,307
  • Apr 28, 2009 12:25am Apr 28, 2009 12:25am
Quoting pricey
Hi everyone

I wonder if I could receive some comments about a potential trade?
I'm in demo mode, just learning, and I'm just looking for some constructive criticism after the fact.

On the EURUSD daily, I'd drawn two fibs, and there was confluence just above the trendline, which was also above a round number. I "knew" price would rise to hit the fib confluence, and then fall back down. I watched it hit and fall. On the 4H and 1H (charts not posted) there was some nice PA, PBs etc. However, nothing happened on the daily... since the day was not...

Hey pricey

It really is up to you as a trader. Racezfx for example will trade pure touches off support and resistance without confirming PA as well as with. Some of us will always wait for confirming PA. You may find yourself as a trader somewhere in the middle of all that. I think initially when starting out it is much easier to wait for good PA setups to validate the areas we believe will be strong. But again it is up to you, if you put it through the testing phase as laid out by James you will at least know what you are attempting to do is working or not

Take care
Mike
  • #28,308
  • Apr 28, 2009 12:28am Apr 28, 2009 12:28am
Quoting adam777
Hi guys

I just downloaded FxPro from the fxpro.com website but I noticed there is no FxPro logo on the bottom left of the MT4 window. Now after doing a google search I've noticed there are many "fx pro" companies with MT4.

Which website should I have downloaded it from?

Adam
fxpro.com

but your logo might not always change if your templates are copied over from another broker. It may say the wrong name I believe(dont quote me on that).

Mike
  • #28,309
  • Apr 28, 2009 12:34am Apr 28, 2009 12:34am
Thanks for the reply Mike!
As a newbie I really appreciate your taking time out to comment... was just hoping I didn't post a stupid question.

The more I demo, the more I see its importance. I always hoped I'd be a disciplined, picky trader. One important thing I've noticed in this setup tho, is that in trading this touch off S/R I can use very low SL for potentially high profits, meaning I'd know very soon if I traded "wrong" (i.e. my assumptions leading to this trade were invalidated, like if it seemed to be a good break through the fib/support). In this case I also had quite a strong bias since I'd been studying this pair intently for a while. I'll keep close tabs on this kind of thing.

Thanks again for the reply
  • #28,310
  • Apr 28, 2009 12:34am Apr 28, 2009 12:34am
Quoting squeezy
sure u r still holding ur eurusd short, jst checked the h4 tf
seems to be battling wit 1.31 area, goodluck
thnx again guys
Yes, I'm still holding on the euro. Thinking it may hit last week's Lows or test the yearly lows (1.2500). I'll see how it goes.
Indicators show the past. Price Action "Indicates" the future.
  • #28,311
  • Apr 28, 2009 12:40am Apr 28, 2009 12:40am
Quoting mbqb11
fxpro.com

but your logo might not always change if your templates are copied over from another broker. It may say the wrong name I believe(dont quote me on that).

Mike
Thanks! That explains it
WARNING: Don't follow me as I'm just learning
  • #28,312
  • Apr 28, 2009 12:41am Apr 28, 2009 12:41am
Quoting pakiestra
I couldn/t believe one can write such a nonsense, but hey-ho if you look around and start to read "analytical" columns after one attempt you should bin it. "Swine flu" is an answer for price movements today?
For me it would be like rather the fact that S&P500 index closed last week with a hanging man pattern after 6 consecutive weeks of a constant growth and it's ready for some retracement (if not test of the previous bottom)
Here is a chart to look at:
Attachment

I don't ignore swine flu...

If you think chart patterns determine the markets you can think again. Sure, traders trade chart pattern, and prices react, but patterns are not the driving force of the market. Also If you believe that swine flu has to have thousands of casualities to cause havoc, you only have to look to Mexico city where casualities are nowhere near that figure and you can see the havoc it is already wreaking there; 20 million alone in one city affected and all schools closed with businessess likely to follow, and look how the peso dropped against the USD. It's all about perception. Fear and greed is what determines market movement. At the moment there is fear setting in. The swine flu problem is not going to disappear overnight.

Meanwhile, we trade the chart patterns!!
  • #28,313
  • Apr 28, 2009 12:42am Apr 28, 2009 12:42am
Quoting adam777
Hi guys

I just downloaded FxPro from the fxpro.com website but I noticed there is no FxPro logo on the bottom left of the MT4 window. Now after doing a google search I've noticed there are many "fx pro" companies with MT4.

Which website should I have downloaded it from?

Adam
I am using FxPro, because they trade Indexes. So you have the correct one. But only for demo.. They drop out quiet often.
Graham
  • #28,314
  • Apr 28, 2009 12:42am Apr 28, 2009 12:42am
Quoting pricey
Thanks for the reply Mike!
As a newbie I really appreciate your taking time out to comment... was just hoping I didn't post a stupid question.

The more I demo, the more I see its importance. I always hoped I'd be a disciplined, picky trader. One important thing I've noticed in this setup tho, is that in trading this touch off S/R I can use very low SL for potentially high profits, meaning I'd know very soon if I traded "wrong" (i.e. my assumptions leading to this trade were invalidated, like if it seemed to be a good break through...
No stupid questions just the one that isnt asked


You are correct too. You can have a smaller stop size thus a larger position size. Usually methods like that generally have a lower winrate but your winners will far exceed those losers. The main drawback isnt really in the method rather in the fact that it is appealing which often will lead that new trader down a path of over trading. But if you remain discipline and patient and put it through the testing phase you will protect yourself in a much better way

Best
Mike
  • #28,315
  • Apr 28, 2009 12:47am Apr 28, 2009 12:47am
Quoting Atlast
"20 million alone in one city affected"
Correction:
should have read "one large city alone affected(with 20 million population)".

I wouldn't want to spread fear!
  • #28,316
  • Apr 28, 2009 12:48am Apr 28, 2009 12:48am
this stuff is good eh!!??
didnt take it as i had possitions in the yen.
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hour.jpg Size: 125 KB
PATIENCE... DISCIPLINE
  • #28,317
  • Apr 28, 2009 12:51am Apr 28, 2009 12:51am
Quoting jarroo
Yes, I'm still holding on the euro. Thinking it may hit last week's Lows or test the yearly lows (1.2500). I'll see how it goes.
nice
Simplicity is the key to success
  • #28,318
  • Apr 28, 2009 12:51am Apr 28, 2009 12:51am
Quoting g_j_hook@yah
this stuff is good eh!!??
didnt take it as i had possitions in the yen.
yes this stuff is gold

very well done
  • #28,319
  • Apr 28, 2009 12:58am Apr 28, 2009 12:58am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting jarroo
A good confirmation and/or aggressive entry of a high quality PA setup, like this Weekly BEOB AUD/Cad, is the retrace to the previous bar Low. But it has to be after the break. (chart)

It is much like a Pin Bar retracing to the left eye and then moving in the right direction. Again, it must be high quality PA setup, meaning it has strong supportive confluences (at a swing High/Low, at strong PPZ, Fib levels, round numbers, etc.,) But most importantly, it must be after the break.
did you also look at the monthly, 2 days to go, bearish PB at a good location

Attached Image (click to enlarge)
Click to Enlarge Name: acad m.gif Size: 19 KB
  • #28,320
  • Apr 28, 2009 1:00am Apr 28, 2009 1:00am
for once i didnt get stung on the yen crosses!!
( i told you this stuff is good!!) lol
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 120 KB
Click to Enlarge Name: 4 hour.jpg Size: 130 KB
PATIENCE... DISCIPLINE
44 traders viewing now