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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

  • #34,661
  • Jun 24, 2009 5:25am Jun 24, 2009 5:25am
Lots of times Ill scale down in tf if price is at an area to work from notice how on the 1hr it came back and showed resistance a nice sign to go short
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  • #34,662
  • Jun 24, 2009 5:40am Jun 24, 2009 5:40am
Quoting 4fun
Lots of times Ill scale down in tf if price is at an area to work from notice how on the 1hr it came back and showed resistance a nice sign to go short
exactly wat im looking @
already in dis short and seems to be lacking momemtum in our direction, watching to see hw dis hr's bar closes ,might close it for a small loss or leave my initial stop at 1.4126 for a 60pip loss, try to have faith on dis but watching it like a hawk till i can get to take smthing of the table or BE
cheers
nice chart 4fun
Simplicity is the key to success
  • #34,663
  • Jun 24, 2009 5:47am Jun 24, 2009 5:47am
Let me ask you a question guys....

I've read here a lot about different data fees and other issues on several brokers...

Could you advice me about any broker for MT4 demo charting, which have the 28 major pairs and a reliable data feed??

Thank you in advance
  • #34,664
  • Jun 24, 2009 5:48am Jun 24, 2009 5:48am
...... i am currently checking charts.
the eurchf just moved 60+ pips in 1 minute. it's still ratcheting up.
other pairs seem to be not experiencing the same.

anyone know what's up with eurchf? news, probably?
news were out earlier, not in the last 2-3 minutes that i know of.
  • #34,665
  • Jun 24, 2009 5:49am Jun 24, 2009 5:49am
Just think if you played this from the 61 fib and had your s/l on top of pin special at nice s/r areas can really make for some nice tight s/l something to play and demo with
  • #34,666
  • Jun 24, 2009 5:54am Jun 24, 2009 5:54am
SupremeChaos,

There is a rumor that the Swiss National Bank came into the market with big sales of CHF.

A big defensive move from letting the EUR/CHF get below 1.5000!

Quoting supremeChaos
...... i am currently checking charts.
the eurchf just moved 60+ pips in 1 minute. it's still ratcheting up.
other pairs seem to be not experiencing the same.

anyone know what's up with eurchf? news, probably?
news were out earlier, not in the last 2-3 minutes that i know of.
  • #34,667
  • Jun 24, 2009 5:57am Jun 24, 2009 5:57am
Something to look at
Attached Image
  • #34,668
  • Jun 24, 2009 6:08am Jun 24, 2009 6:08am
Quoting supremeChaos
...... i am currently checking charts.
the eurchf just moved 60+ pips in 1 minute. it's still ratcheting up.
other pairs seem to be not experiencing the same.

anyone know what's up with eurchf? news, probably?
news were out earlier, not in the last 2-3 minutes that i know of.
its not just eurchf, its chf in general
my gbpchf just blazed up man, up about 250pips...lol
Simplicity is the key to success
  • #34,669
  • Jun 24, 2009 6:11am Jun 24, 2009 6:11am
Quoting jplo
Let me ask you a question guys....

I've read here a lot about different data fees and other issues on several brokers...

Could you advice me about any broker for MT4 demo charting, which have the 28 major pairs and a reliable data feed??

Thank you in advance
For me 5pm EST, 10pm GMT is the only one to use. Especially for the daily trades.

1) Here in the UK several spreadbetting companies have their charting set to 10pm not midnight.
2) When I was in full time employment my work took me into many corporate offices of hedge funds ,brokerages and other large financial institutes. I could not help but notice the NY clocks on the walls took precident over the others. ( You've probably seen the multiple clocks in films etc each showing the different time zones around the world)
3) Whenever we had any planned maintainance to carry out we were specifically told, in no uncertain terms, to keep the satellite link open until 10pm. This is the close of electronic after hours trading in NY.

Just my opinion but too much weight of evidence to suggest using any other.
Never underestimate an idiot.
  • #34,670
  • Jun 24, 2009 6:14am Jun 24, 2009 6:14am
god it's true... my usd/chf long pending order at 1.062 was missed >_<

why every time usd is about to fall, CHF click the button 1st? seems there is some aligned plan with those governments.

Quoting squeezy
its not just eurchf, its chf in general
my gbpchf just blazed up man, up about 250pips...lol
  • #34,671
  • Jun 24, 2009 6:16am Jun 24, 2009 6:16am
Thanks C_g.
So, SNB did intervene again.
chf crosses still moving up. lol



squeezy,
u have been doing well!!
hope u don't get caught up in your current "feel-good" situation.
i know u know what i mean.
just a small reminder to keep cool & calm while you're amassing more pips.
Keep it up!! (I can hear u shouting, lol)
  • #34,672
  • Jun 24, 2009 6:18am Jun 24, 2009 6:18am
gbpusd is in a nice area... will wait for something to present itself
Grabbing the bull by the horns!
  • #34,673
  • Jun 24, 2009 6:28am Jun 24, 2009 6:28am
jplo,
Im not sure which currency pairs exactly u are looking for.
Broker reliability could be (your) location/country-dependent... internet-dependent as well.
Take your pick...
u can check FxPro, IBFX, WHC/Broco, SiG, Bulbrokers STS, ActivTrades.



Quote
why every time usd is about to fall, CHF click the button 1st? seems there is some aligned plan with those governments.

billye,
of course, when $ weakens, other majors including CHF strengthens. specially so, with CHF regarded as a safe haven (like JPY, & to an extent $ too).
The Swiss government seem to want to protect their economy (exports, etc)
  • #34,674
  • Jun 24, 2009 6:31am Jun 24, 2009 6:31am
such a shame i had my hard take profit at 1.78 on gbpchf, was playing xbox and forgot about it.... oh well
Grabbing the bull by the horns!
  • #34,675
  • Jun 24, 2009 6:34am Jun 24, 2009 6:34am
Quoting uncle gromit
For me 5pm EST, 10pm GMT is the only one to use. Especially for the daily trades.

1) Here in the UK several spreadbetting companies have their charting set to 10pm not midnight.
2) When I was in full time employment my work took me into many corporate offices of hedge funds ,brokerages and other large financial institutes. I could not help but notice the NY clocks on the walls took precident over the others. ( You've probably seen the multiple clocks in films etc each showing the different time zones around the world)
3) Whenever we had any planned...
Thanks for your answer, I think, London market is the biggest one refering to forex...
  • #34,676
  • Jun 24, 2009 6:36am Jun 24, 2009 6:36am
Quoting Alexandra
It's easy to take pot shots in this business, but that is an embarrassing one for her.
You know, she might be right on this one..
I tipped her off..
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  • #34,677
  • Jun 24, 2009 6:38am Jun 24, 2009 6:38am
whitegoodman,
lol... Xbox killed the trade.
hey, don't fret mate, u DID great, u had a trade. & it was PROFITABLE to boot. i didn't have any. was busy checking some charts.
now, having heard all that, u wanna trade places/accounts? lol
  • #34,678
  • Jun 24, 2009 6:42am Jun 24, 2009 6:42am
Quote
You know, she might be right on this one..
I tipped her off..

raczekfx,

she may ride the wrong train at times,
but she also takes the correct train..
  • #34,679
  • Jun 24, 2009 6:47am Jun 24, 2009 6:47am
Quoting raczekfx
You know, she might be right on this one..
I tipped her off..

LOL - You must work for the SNB!

Thank Goodness for those 4-hour price tip-offs!

Think I will take them on when they go to sleep!
  • #34,680
  • Jun 24, 2009 6:51am Jun 24, 2009 6:51am
Quoting Alexandra
LOL - You must work for the SNB!

Thank Goodness for those 4-hour price tip-offs!
lol.. not a chance.
'I work for...' a well being of my family...and better future of my kids.
It remains to be seen, if it can be achieved on this 'battled' planet.
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