james16 Chart Thread | Page 1815 | 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

  • #36,281
  • Jul 4, 2009 10:18pm Jul 4, 2009 10:18pm
Quoting bundyraider
THE NEW RULE WON'T CHANGE A THING.

Forget what you read about all the conspiracy theories and crap and how you will have to go overseas. Wipe it from your memory.

And YES OANDA does it the correct way that complies. You just place an order like normal with your stop loss and TP and so on. NOTHING has changed. ....Just a couple of brokers will have to re-write their platforms to record orders the correct way.

The ONLY issue for some people may be the new maximum leverage rule.
OK, thanks for clarifying that up for me.
You got to know when to hold them, and know when to fold them.
  • #36,282
  • Jul 4, 2009 10:34pm Jul 4, 2009 10:34pm
Quoting albchr
Naaaa........not bad........at all.....
Lol! Chris,
I believe . . .
  • #36,283
  • Jul 4, 2009 10:52pm Jul 4, 2009 10:52pm
Quoting sas
OK, thanks for clarifying that up for me.
No worries.

Actually Oanda... associates those seperate orders with the opening ticket. Just tried it. But anyway, if indeed they need to change anything it's no biggy. They would just need to change it so the orders aren't totally MARRIED to that one and only position. Where as MT4 based brokers may need to wait for MT5 to be finished before they can do it all correctly.
Bundy's status today: "Waiting..."
  • #36,284
  • Jul 4, 2009 10:59pm Jul 4, 2009 10:59pm
Quoting sas
OK, thanks for clarifying that up for me.
btw: how much does it charge to transfer money from bank into oanda say if you do it from US?

either wire or a cheque? are they free?
  • #36,285
  • Jul 5, 2009 1:47am Jul 5, 2009 1:47am
Oanda
Bank Wire Transfers


OANDA Service Charge is $0.

Checks and money orders



This option is only available for USD accounts.

  1. OANDA Service Charge: $0.
  2. Bank Service Charge: $0.


https://fxtrade.oanda.com/your_accou...nds.shtml#wire


And for international customers they have many accounts to send money

I have Euro account and i send my deposit to England or Germany.

  • #36,286
  • Jul 5, 2009 1:47am Jul 5, 2009 1:47am
Quoting billye
btw: how much does it charge to transfer money from bank into oanda say if you do it from US?

either wire or a cheque? are they free?
https://fxtrade.oanda.com/your_accou...it_funds.shtml

check and wire are no charge (but a wire you still get charged $35 from your bank on average).
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #36,287
  • Jul 5, 2009 1:48am Jul 5, 2009 1:48am
Quoting billye
even if it happen it will not happen alone, every pair is a cobra now.
time to whip out the mongoose.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #36,288
  • Jul 5, 2009 1:57am Jul 5, 2009 1:57am
Quoting LasVahGoose
https://fxtrade.oanda.com/your_accou...it_funds.shtml

check and wire are no charge (but a wire you still get charged $35 from your bank on average).
faint 35$ still expensive ya, my bank charge was 20$ for international transfer to us.

I exchanged 500$ back in march, but did not wire to oanda or mbt-f yet...

20$/500$=4%, 2 way is 8% count currency exchange is 10% loss....

it's hard to be profitable with this initial cost

is it true that some specific bank is free for wire/trans within us? or mailing a cheque at least is free?
  • #36,289
  • Jul 5, 2009 3:19am Jul 5, 2009 3:19am
hi John, i dont see any trade here, the daily bar is not a pin bar (although the same shape)the bar lies at the bottom of the preceding bar with the shadow inside it. We want the shadow to stick out above the preceding bar( and i would like it to be a longer bar than this)
The weekly bar is not much better im afraid,imho, it is very small and more of a neutral candle than a pin bar.we would want this to be at a swing h/l also and this comes after a few bars of retracement. Some people might still trade a bar like this IF it was a better bar,i.e. longer shadow which stuck out above the preceding bars, but it would be a riskier trade that a pinbar at the h/l point.
if you compare these bars with some of the pinbars this pair has given us this year you can see the difference.
hope this helps
jon



Quoting johnnykanoo
guys i notice a pb on the gbpjpy daily and weekly. do you guys think it would be a strong short? the weekly is bouncing off of the 38%fib

the daily is printing lower highs and admittingly the pb formed in a sideways market so ill give the pb a b but my lack of experience means i could definatly be wrong.

anyway im in demo for a while and watching the daily closely.

any advice would be great.
thanks, john


http://i42.tinypic.com/357r8rp.gif


http://i44.tinypic.com/f3i3de.gif
Attached Image (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 65 KB
PATIENCE... DISCIPLINE
  • #36,290
  • Jul 5, 2009 3:30am Jul 5, 2009 3:30am
same chart different pins
Attached Image (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 100 KB
PATIENCE... DISCIPLINE
  • #36,291
  • Jul 5, 2009 3:34am Jul 5, 2009 3:34am
Quoting billye
faint 35$ still expensive ya, my bank charge was 20$ for international transfer to us.

I exchanged 500$ back in march, but did not wire to oanda or mbt-f yet...

20$/500$=4%, 2 way is 8% count currency exchange is 10% loss....

it's hard to be profitable with this initial cost

is it true that some specific bank is free for wire/trans within us? or mailing a cheque at least is free?
I don't know of any bank that will wire transfer for free.

Checks are almost always free.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #36,292
  • Jul 5, 2009 3:50am Jul 5, 2009 3:50am
Quoting StoragePro
Basber -

We have it very, very good. Basber - be well, be safe. It is the hope of every American that you can have the same freedoms someday. But not according to our thoughts, but in accord with the thoughts, hopes and dreams of all Persians. Tell your friends that all Americans wish them well this day.

Cheers!
Thank You For Your Words I Surely Tell My Friends
Everything Has It's Own Process, And I Think It's Starting Now ... Many Things Should Sacrifice Till We Achieve A Life That Worth It
Wish You The Best ..

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #36,293
  • Jul 5, 2009 3:57am Jul 5, 2009 3:57am
Quoting james16
i dont know what the future holds.

i do know that people like you are heroes to me.

tonight while i am shooting fireworks with my family i will personally light a big one for you and those like you yearning and fighting for freedom and liberty.

i will personally read this post from you before i do it.

keep your head up and your dreams alive.

the birth of freedom is never without pain.

HAPPY BIRTHDAY AMERICA!!!

I OWE EVERYTHING TO YOU.

You allowed me to reach for the stars.

you gave me a chance.

a chance to strive for my dreams....
Thank You For You Nice Post Jim. I'm So Happy Because Now The World Knows That Our Goverment Is Seperate From Our People, Because Before This Had Happened, I Was Trying To Convince People That We Hate Our Goverment ... Anyway, It's A New Way That We Are In The Beginning, Targeting To Celebrate A "4th Of J" Like You Guys In America, But It Will Happen In Due Time ...
I Don't Envy You Because Of Your Freedom, Because I Know That We Reach There When The Time Come ...
I Think You Should Thank God Or Any Thing That You Worship Because You And Your Family Have A Safe Life There ...
I Wish This Could Happen For EVERY PERSON On The Hole Wide World ..


Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #36,294
  • Jul 5, 2009 4:08am Jul 5, 2009 4:08am
Quoting Basber
I Wish This Could Happen For EVERY PERSON On The Hole Wide World ..


Regards,
Basber
here here
PATIENCE... DISCIPLINE
  • #36,295
  • Jul 5, 2009 5:24am Jul 5, 2009 5:24am
Quoting g_j_hook@yah
same chart different pins
If you look at the H4 I would be more inclined to go long on this.

Price is right on the 200 MA and this is a significant s/r level.

Also 157 - 00 no

Long term trend is up, altho I hate buying sterling given the current mess we're in LOL.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.jpg Size: 110 KB
  • #36,296
  • Jul 5, 2009 5:40am Jul 5, 2009 5:40am
Quote
hi John, i dont see any trade here, the daily bar is not a pin bar (although the same shape)the bar lies at the bottom of the preceding bar with the shadow inside it. We want the shadow to stick out above the preceding bar( and i would like it to be a longer bar than this)
The weekly bar is not much better im afraid,imho, it is very small and more of a neutral candle than a pin bar.we would want this to be at a swing h/l also and this comes after a few bars of retracement. Some people might still trade a bar like this IF it was a better bar,i.e....


jon thanks for the helpful reply. I could tell they were not great and im glad you helped me clear it up. I was just more concerned with the daily and weekly being in alignment like that. i didn't know if it was significant. Ill just have to stay far away from less than perfect pb's
  • #36,297
  • Edited 6:40am Jul 5, 2009 6:03am | Edited 6:40am
Quoting bundyraider
I didn't make it clear enough sorry.

Yes that WOULD be a pain if you had to enter seperate orders. But that's NOT the case. (The platform will do that for you automatically.)

What I was trying to say is that that box that pops up when you enter an order on a platform does all of that automatically for you. ...creating those seperate order tickets for you in the background without you having to deal with it.

The new rule just stops one ticket doing everything. By ONE ticket I don't mean the order entry box that comes up. ...I'm...
OK, perhaps I'm a bit thick here. (Trust me, it's possible) but...

How is the platform, any platform, going to pull the trigger on a trade, immediately go put a 5 pip trailer on it, open the modify order box and place a 15 pip fixed stop and open the close box so I can sit there with my finger on the button waiting to kill it if it's not going my way instantly before it hits that 15 pip stop? Or, if it goes my way enough to trigger that 5 pip trailer and set me to BE, change it to a 25 or 35 pip trailer instantly? All in a matter of seconds. I don't see it as possible myself.

I understand that everything I do to a trade is an "order". Even a trailing stop is automatic orders being sent from the platform.

Can you even manually close a trade anymore? From what I read on the NFA site, the only way to close it is with an opposing order. So If I'm walking through my office and I see I'm in profit and just feel like closing the trade, from my understanding, I have to place another opposing order to do so and hope it hope it hits. I can't just "close" the trade instantly.

Remember, I don't have the luxury (or account size) to sit on my hands waiting for a perfect daily setup that will likely run for hours/days to complete with time to just watch what happens in between. Because of the risk I must take, I might go through the above process 5 or 6 times in less than 10 minutes getting stopped out at BE or better or having to kill the trade myself, before it runs the way I'm thinking it will and I can relax.

You folks have taught me MUCH about PA and being able to determine the "likely" direction it will go. Perhaps as I get even better at it, I'll be able to shave a couple iterations off that process until it finally goes the way I think it will. But for now, this is how I make the tall amount of money I need to live on, from such a small account. I know it goes against ALL common sense, breaks ALL the ground rules of trading wisely and safely, and most would (rightfully so) call me insane but I have to more than double my account every month to pay my bills. So I have to take large risks and move very quickly to do so.

This is also why I have repeatedly stated, and will continue to do so, that nobody ever try what I'm doing. If I wasn't forced too, trust me, I wouldn't.
Ghost Rider - WWTBMD?
  • #36,298
  • Jul 5, 2009 6:15am Jul 5, 2009 6:15am
Quoting johnnykanoo
jon thanks for the helpful reply. I could tell they were not great and im glad you helped me clear it up. I was just more concerned with the daily and weekly being in alignment like that. i didn't know if it was significant. Ill just have to stay far away from less than perfect pb's
There! That's the winning approach. You get that through your head and you're more than half the way down the road to success.

I get this great feeling when I see such posts. Ppl getting it just right.

Regards,
Ghous.
I believe . . .
  • #36,299
  • Jul 5, 2009 7:00am Jul 5, 2009 7:00am
Quoting albchr
OK, perhaps I'm a bit thick here. (Trust me, it's possible) but...

How is the platform, any platform, going to pull the trigger on a trade, immediately go put a 5 pip trailer on it, open the modify order box and place a 15 pip fixed stop and open the close box so I can sit there with my finger on the button waiting to kill it if it's not going my way instantly before it hits that 15 pip stop? Or, if it goes my way enough to trigger that 5 pip trailer and set me to BE, change it to a 25 or 35 pip trailer instantly? All in a matter of seconds. I...
how much bills a month usually?
  • #36,300
  • Jul 5, 2009 7:16am Jul 5, 2009 7:16am
a s/l or t/p is an order there is no impact to oanda that is the understanding.

Quoting albchr
Can you even manually close a trade anymore? From what I read on the NFA site, the only way to close it is with an opposing order.
50 traders viewing now