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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

  • #35,461
  • Jun 29, 2009 8:48pm Jun 29, 2009 8:48pm
Quoting joebryce
61.8 fib retrace of BUOB, retest of broken trend line at 89 area.
Small pin size
My take on it.
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  • #35,462
  • Jun 29, 2009 8:55pm Jun 29, 2009 8:55pm
Quoting Jduester
My take on it.
88.40 a minor hurdle?
Grabbing the bull by the horns!
  • #35,463
  • Jun 29, 2009 9:02pm Jun 29, 2009 9:02pm
Glad everyone got planet Earth figured out just dont mess with my ice chest its all good. Food for thought Dale it could go north just as easy. G/Y I am lookin for the bus to go north preferably on a pullback this thing is north bound in my eyes. That cable chart posted on Sat is about in play but I just cant seem to trust this pair look for break through and a drop consolidation then more north just a tough one to gauge a s/l at least 4 me.Cant 4 get U/J that wretch took my trailing stop out hehe. Still cant seem to ride toro on this pair look for 96.75 - 97.25 to stop any northbound bleeding.Looks like I didnt miss 2 much being awy from 4x today.
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  • #35,464
  • Jun 29, 2009 9:06pm Jun 29, 2009 9:06pm
Sorry Dale you guys type way too fast 4 me
  • #35,465
  • Jun 29, 2009 9:41pm Jun 29, 2009 9:41pm
Passing. Pin is to small and it isn't in line with current equity sentiment. Waiting for better setup
  • #35,466
  • Jun 29, 2009 10:18pm Jun 29, 2009 10:18pm
1hr short, time for sleep...
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Keep taking CT trades, I need more money
  • #35,467
  • Jun 29, 2009 10:36pm Jun 29, 2009 10:36pm
Quoting Ryanmcd
1hr short, time for sleep...
I've been in this one since the initial break.....If we can get through this congestion, I'm looking for a bounce around 135, then who knows....

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skype: ststroud. let's talk trading.
  • #35,468
  • Jun 29, 2009 11:18pm Jun 29, 2009 11:18pm
I think, rac, maybe is in this trade.....
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What does not kill me makes me stronger. Friedrich Nietzsche,
  • #35,469
  • Jun 29, 2009 11:53pm Jun 29, 2009 11:53pm
Quoting ikki
I think, rac, maybe is in this trade.....
That be the fourth touch
  • #35,470
  • Jun 30, 2009 12:01am Jun 30, 2009 12:01am
Quoting tyler812
I've been in this one since the initial break.....If we can get through this congestion, I'm looking for a bounce around 135, then who knows....

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very nice tyler, that is using all the components the right way!
  • #35,471
  • Jun 30, 2009 12:04am Jun 30, 2009 12:04am
Not blind entries this time. Support becomes resistence with a good pinbar or gravestone doji in 15 min. Also my principal entry was the defective hanging man+second candle.

Quoting joebryce
That be the fourth touch
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What does not kill me makes me stronger. Friedrich Nietzsche,
  • #35,472
  • Jun 30, 2009 12:34am Jun 30, 2009 12:34am
Some of em'.

Ghous.
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I believe . . .
  • #35,473
  • Jun 30, 2009 12:36am Jun 30, 2009 12:36am
Quoting ikki
Not blind entries this time. Support becomes resistence with a good pinbar or gravestone doji in 15 min. Also my principal entry was the defective hanging man+second candle.
Nice Ikki,
I believe . . .
  • #35,474
  • Jun 30, 2009 12:43am Jun 30, 2009 12:43am
This one did not exactly perform so I am out.
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  • #35,475
  • Edited 1:21am Jun 30, 2009 12:50am | Edited 1:21am
Geppy is most dangerous pair to trade (gbp/jpy)


When itīs start to go nothing will stop it.

Short tems bias is up now.
And very fast it can hit 300 pip to board either
+ or - I am long


edit 1:out +70 pips in 5 minutes

But Geppy is speacial, if trade it must think itīs special
not same than others. Biggest wins, biggest losers come there.
Very high risk pair to trade.

I advice that new trades not touch it, or touch it with
demo and see.

edit 2: +10 from 30sec chart (sometimes 30 sec sharts is nice to cach pushes)
  • #35,476
  • Jun 30, 2009 1:59am Jun 30, 2009 1:59am
SomTam why would you risk more on GBPJPY? Just risk 1-2% on every pair, you don't need to increase your risk on GBPJPY , do you?
  • #35,477
  • Jun 30, 2009 2:11am Jun 30, 2009 2:11am
I have long time before trade geppy, so some times it take it when i see
now it will go.

But 2% to ewery pair risk is not same.

Like i said geppy is special, i calculate risk is geppy much higher
because it can easylu run against position fast and much.

I ldid learn it almoust ten year ago (no stop loss)
I did place long and it go up 30 pip ..nice nice
i take a cup of coffee and i did come back
after 5 min.

-140 pip..oooh, well it go up again.


3 hours later it was -310 and margin call come.

Later i have learn to like slow moving pairs even more
tick..tick ..tick nice and slowly they go.
  • #35,478
  • Edited 2:46am Jun 30, 2009 2:32am | Edited 2:46am
Quoting SomTam
I have long time before trade geppy, so some times it take it when i see
now it will go.

But 2% to ewery pair risk is not same.

Like i said geppy is special, i calculate risk is geppy much higher
because it can easylu run against position fast and much.

I ldid learn it almoust ten year ago (no stop loss)
I did place long and it go up 30 pip ..nice nice
i take a cup of coffee and i did come back
after 5 min.

-140 pip..oooh, well it go up again.


3 hours later it was -310 and margin call come.

Later i have learn to like slow moving pairs...

Hi SomTam,i agree that this pair is something of a beast!! it seems to do what it wants when it wants! i dont understand why you dont see a 2% risk as the same risk accross the board though? is it not that you just need big ass stops on this pair??
cheers
jon
p.s. any tips on trading this pair welcome!! lol
PATIENCE... DISCIPLINE
  • #35,479
  • Edited 2:54am Jun 30, 2009 2:40am | Edited 2:54am
My advice of geppy is itīs most save only trade from 1 day PB.

ATM short gbp/usd sl BE already

edit: out 2 postions total +50 pip

This week ewening work and limit time to trade so there short time trades.
after 3 hour need to be in work.
  • #35,480
  • Jun 30, 2009 3:02am Jun 30, 2009 3:02am
what do you guys think about the 4 hour bearish outside bar on eu?
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