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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

  • #30,801
  • May 22, 2009 8:02am May 22, 2009 8:02am
Hi,
I know its low TF, but USD CADE m30... Love this one.
  • #30,802
  • May 22, 2009 8:12am May 22, 2009 8:12am
Quoting ngb
Thanks for your advice sycho. Noted
no probs..bro..anytime....
Imanuel Parsifal
  • #30,803
  • May 22, 2009 8:24am May 22, 2009 8:24am
This DBHLC with confirmation on RSI with a Negative Reversal has now exceeded it's target of 1.1290. It will most likely reset into another Negative Reversal with a new and lower price target. Depending on market momentum it could be today or Sunday night/Monday.
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  • #30,804
  • May 22, 2009 8:28am May 22, 2009 8:28am
Looking for trade continuation signal in next few hours of DBHLC and Negative Reversal.
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  • #30,805
  • May 22, 2009 8:32am May 22, 2009 8:32am
Quoting pdean123
This DBHLC with confirmation on RSI with a Negative Reversal has now exceeded it's target of 1.1290. It will most likely reset into another Negative Reversal with a new and lower price target. Depending on market momentum it could be today or Sunday night/Monday.
To tell the truth bro,the cable,and buck have ,well being going out of there normal,limit's,and it's becoming a problem placing and exiting trade's,just waiting if this hinderance would die off soon..let's see how she play's out...
Imanuel Parsifal
  • #30,806
  • May 22, 2009 9:04am May 22, 2009 9:04am
Quoting Ryanmcd
Nice to be back Jim, Just needed some time off the forums but I should be back for now.
Welcome back Ryan!

RM
  • #30,807
  • May 22, 2009 9:08am May 22, 2009 9:08am
Quoting sycho
To tell the truth bro,the cable,and buck have ,well being going out of there normal,limit's,and it's becoming a problem placing and exiting trade's,just waiting if this hinderance would die off soon..let's see how she play's out...
I'm not getting back in but 347 pips since DBHLC with Negative Reversal earlier in the week. No hurry. It's Friday.
  • #30,808
  • May 22, 2009 9:23am May 22, 2009 9:23am
Quoting Ryanmcd
Nice to be back Jim, Just needed some time off the forums but I should be back for now.
Hi, that's great. I can name few people who will be very happy to see you here again
  • #30,809
  • May 22, 2009 10:35am May 22, 2009 10:35am
Not to hard, buy the pullbacks as long at the 15-30min say it's a UP trend... It's like playing Where is waldo with PB's but if you are playing the trend with them and have a stop below the last low it's a game you can not lose in the long run.
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Keep taking CT trades, I need more money
  • #30,810
  • May 22, 2009 11:30am May 22, 2009 11:30am
Quoting Ryanmcd
Not to hard, buy the pullbacks as long at the 15-30min say it's a UP trend... It's like playing Where is waldo with PB's but if you are playing the trend with them and have a stop below the last low it's a game you can not lose in the long run.
Interesting, what are those dashed lines? Bollinger Bands? And whats the dashed line in the middle? Sorry if these are stupid q's
  • #30,811
  • May 22, 2009 11:36am May 22, 2009 11:36am
You would be welcome with these posts in my thread.


Quoting Ryanmcd
Not to hard, buy the pullbacks as long at the 15-30min say it's a UP trend... It's like playing Where is waldo with PB's but if you are playing the trend with them and have a stop below the last low it's a game you can not lose in the long run.
  • #30,812
  • May 22, 2009 12:23pm May 22, 2009 12:23pm
Thanks for the warm welcome, Supreme


Quoting supremeChaos
ngb, ykramesh, J-r,

Welcome!Have Rock-solid Patience & Determination, Never stop Learning & Good luck!


ykramesh,
No worries, I've blown more accounts than u did.
After u learn & earn.... don't forget to pay it forward.
& never stop until u get to change this
" A master in the making" to this ---- "A made master"


J-r,
what a first post! Good luck!
Be happy, be humble.
  • #30,813
  • May 22, 2009 12:28pm May 22, 2009 12:28pm
Quoting Jlr
Interesting, what are those dashed lines? Bollinger Bands? And whats the dashed line in the middle? Sorry if these are stupid q's

Yep they are BB
Keep taking CT trades, I need more money
  • #30,814
  • May 22, 2009 3:46pm May 22, 2009 3:46pm
Quoting bundyraider
Ok. Seriously I had all these lines on the chart before they were reacted too. Most derived from a close price "low or high" somewhere.

For clarity of explanation I've removed some EMAs, a pivot indicator and fib studies.

Top light blue line bar high trend line from 1 hour. (not respected very well 3 hours ago. ...Yes this is a <GASP> ...five minute chart!!! )

Top dotted yellow horizontal line is minor PPZ that's closest to lining up with those yellow trend lines of a) close price 1 hr trend line. b) Bar lows trend line...
This is a little beyond my comprehension abilities right now, but really great stuff. Definitely saving this, ty bundy
  • #30,815
  • May 22, 2009 8:02pm May 22, 2009 8:02pm
hello there,

i am new to this forum and this thread, is is still active based on the price action charts posted within the beginning of this thread?

i am really interested in learning more about price action and trading the currency market in general with keeping it simple stupid.

how to find a good start into it, i am willing to learn but i do not have this much time cause of a full time job to sit in front of charts and analyse.
Maybe 5-6 hours a day i would like to spend on trading, what kind of timeframe you could suggest? I am european. Also i do not have deep pockets and my plans were (actually after spend some time trading "demo") to sign up for a micro account.

So my capital investement would be a few bucks maybe $1.000-2.500 for going live. Itīs not much i know but i allready blowed up a live account in the past.

So, all in one. I am looking for some advices from some more experienced traders on how to find a good start into this as a business with proper money management rules and a working strategy for a beginner based on price action with some clear and simple entry/exit book profit rules which are not so hard to follow/understand for a newbie. I am not a greedy person so i donīt expect to get rich with some month of trading lol. But it shouldnīt get boring too. I think specially for a beginner itīs important to have at least 1-2 trades a day to learn from, or am i completely wrong? :-)

thanks for help
  • #30,816
  • May 22, 2009 8:20pm May 22, 2009 8:20pm
i know that feeling. lol.

Quoting Ryanmcd
Nice to be back Jim, Just needed some time off the forums but I should be back for now.
  • #30,817
  • May 22, 2009 8:27pm May 22, 2009 8:27pm
will someone please translate this for me.

jim

Quoting sycho
bro..for the past few day's we have had some bizzare movement around ,since the cable manipulation on monday..i will suggest you add a little volune to you trading analysis,so you don't get caught in the cross fire,BOJ,BOE,FEDS affairs
  • #30,818
  • May 22, 2009 8:30pm May 22, 2009 8:30pm
welcome lddd,

have you read the first post in this thread?

it will answer all of your questions and concerns.

jim

Quoting lddd
hello there,

i am new to this forum and this thread, is is still active based on the price action charts posted within the beginning of this thread?

i am really interested in learning more about price action and trading the currency market in general with keeping it simple stupid.

how to find a good start into it, i am willing to learn but i do not have this much time cause of a full time job to sit in front of charts and analyse.
Maybe 5-6 hours a day i would like to spend on trading, what kind of timeframe you could suggest? I am european....
  • #30,819
  • May 22, 2009 8:31pm May 22, 2009 8:31pm
CHARTS
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  • #30,820
  • May 22, 2009 9:12pm May 22, 2009 9:12pm
CHART
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