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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

  • #35,141
  • Jun 26, 2009 5:33am Jun 26, 2009 5:33am
Quoting bundyraider
James,

Don't worry man. Losses are part of this business, and over time you will learn to accept that we can't be right every time.

You've improved tremendously. I remember when you started this thread so that others could help you with your trading. And look at you now...

You are going to make it in this business, man. Well done.
.
  • #35,142
  • Jun 26, 2009 5:38am Jun 26, 2009 5:38am
Quoting james16
meeting people like you ghous and others from around the world has forever changed my life.

i cant begin to describe the ways it has helped me to grow as a person.

two of my best friends own a convenience store near me and have built a nice real estate portfolio around it.

one is my age and he grew up in an orphanage in india.

his wife is from pakistan.

both have lived here for around 20 years.

i have watched their children grow up and there hard work turn them from struggling to pay the bills to fairly wealthy.

they love this country...
Really goes to show ,whats inside is what really matters! Nice post J16
  • #35,143
  • Jun 26, 2009 5:46am Jun 26, 2009 5:46am
Quoting 4fun
Ok heres my plan going to see if both pairs retrace a bit U/J 96 look 4 pa or days low becomes resistance, U/C 1.1570 area or if 1.1527 can prove to b resistance instead of support.
Got to have a plan shorted U/J at 95.89, 96 did turn the ship. U/C1.1527 proved resistance
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  • #35,144
  • Jun 26, 2009 5:48am Jun 26, 2009 5:48am
Quoting Interceptor
There's something about the location of this which is interesting.
Now, if it were to form a 2-day pin.......
Good eye Interceptor.

If the 2 day pin bar forms...

Full marks for location,

Except some possible trouble at the 4H ppz this opportunity does look good.
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I believe . . .
  • #35,145
  • Jun 26, 2009 5:49am Jun 26, 2009 5:49am
promising break of the pin bar, lets see where it is going
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  • #35,146
  • Jun 26, 2009 5:52am Jun 26, 2009 5:52am
Quoting 4fun
Got to have a plan shorted U/J at 95.89, 96 did turn the ship. U/C1.1527 proved resistance
Good going 4fun.

I shorted Uj at 95.98 myself but took it all off at the first major support, as I am winding it all up for the week.

Ghous.
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I believe . . .
  • #35,147
  • Jun 26, 2009 5:55am Jun 26, 2009 5:55am
Quoting ghous
Good going 4fun.

I shorted Uj at 95.98 myself but took it all off at the first major support, as I am winding it all up for the week.

Ghous.
This is the only order (pending) I choose to hold...
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I believe . . .
  • #35,148
  • Jun 26, 2009 5:57am Jun 26, 2009 5:57am
Runnin straight to shark infested 94 waters should be interesting
  • #35,149
  • Jun 26, 2009 6:25am Jun 26, 2009 6:25am
Shooting for the downside.
Same setup as nzd/usd previously posted.
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Never underestimate an idiot.
  • #35,150
  • Jun 26, 2009 6:25am Jun 26, 2009 6:25am
LOL - some of us sharks are here near the beach at 95.30
  • #35,151
  • Jun 26, 2009 6:31am Jun 26, 2009 6:31am
Quoting Alexandra
LOL - some of us sharks are here near the beach at 95.30
I had a hunch about youhttp://www.forexfactory.com/images/icons/icon14.gifReally from that 23fib 95.41 down is rough those are tiger sharks not blues
  • #35,152
  • Jun 26, 2009 6:34am Jun 26, 2009 6:34am
Ive taken some out of both trades U/J if day pin low doesnt hold I am out U/C 1.1500 resistance break same same
  • #35,153
  • Jun 26, 2009 6:39am Jun 26, 2009 6:39am
Quoting 4fun
Ive taken some out of both trades U/J if day pin low doesnt hold I am out U/C 1.1500 resistance break same same
I was stopped at 1.1490 on this one. Now I'm looking for longs.

K.I.S.S.
  • #35,154
  • Jun 26, 2009 6:45am Jun 26, 2009 6:45am
Quoting KissFan
I was stopped at 1.1490 on this one. Now I'm looking for longs.

K.I.S.S.
Not a bad idea U/C might consolidate around 1.1500 for sometime
  • #35,155
  • Jun 26, 2009 6:51am Jun 26, 2009 6:51am
Quoting ghous
This is the only order (pending) I choose to hold...
Ghous...how come everytime you pick a blind entry the bar closes a pin!!??this eu/us looks the same story!?
did you borrow Racs crystal ball or what!!??

jon
PATIENCE... DISCIPLINE
  • #35,156
  • Jun 26, 2009 6:54am Jun 26, 2009 6:54am
Quoting KissFan
I was stopped at 1.1490 on this one. Now I'm looking for longs.

K.I.S.S.
hi KISS, i tend to agree here also. i would like to see a pinbar around 1.1800 to be going short again.
jon

P.S. did i tell everyone i saw Neil Young last week!!! sorry but im telling everyone!!!hehe
i waited long enough. lol
PATIENCE... DISCIPLINE
  • #35,157
  • Edited 7:00am Jun 26, 2009 6:57am | Edited 7:00am
Quoting uncle gromit
Shooting for the downside.
Same setup as nzd/usd previously posted.
It's important to see the true source of order flow though. As TiaForex was saying, the round numbers are what we actually should be looking for... not necessarily the exact tips of bars...Put these numbers on your charts and you'll see exactly what I mean.

Josh

Edit: I see, you were showing the FIB of that minor swing. Did you have that FIB on there before price neared it? Just asking because it looks pretty minor, imo. Plus, see my post about FIBS+traffic on this pair. Maybe some seniors can comment on whether they agree about FIBS being less effective if they've already been tested/broken and how they work in high congestion zones.
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  • #35,158
  • Edited 7:30am Jun 26, 2009 7:02am | Edited 7:30am
Takind blind enty is quite risky.

But there was resintance and 1.4100 round number

Third can think today is Friday and pa has come up,
possibly comes some big boys take frofits and then i
go more fast down.

Dangers are news, some nice news flash and ka boom
it can think now or never and jump 150 up.

Taking these with small risk like 1%

and 50 pip stop loss...100 pip tp
can think must hit right more than ewery second.

OR wait if it go like 60 away BE+? and let it try
to go more. So now scenario is good win no loss.

And ealier calculation goes to new.

Someting like this, hows others take those blind entrys?

And here is trage how evend traiding using round numbers
And expaltion why they are so meanful.

http://ezinearticles.com/?Trading-Fo...ers&id=1342054
  • #35,159
  • Jun 26, 2009 7:42am Jun 26, 2009 7:42am
Quoting james16
already bagged my g/j.

im such a wimp.

man im grooving to some chickenfoot.

ive waited over 20 freakin years for something like these guys.

im a classic rock nerd and im in chickenfoot heaven.

:nerd:
LOL! Good stuff. I heard Sammy was working on some new stuff with some Rock Studs. It is 8:42AM and I want a Beer and a Bourbon chaser!
I'm pretty much done with all this ...
  • #35,160
  • Jun 26, 2009 7:44am Jun 26, 2009 7:44am
Was looking at cable chart and support at 1.6210 has really kept this to the long side seems new highs are inevitable
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