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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

  • #37,081
  • Jul 10, 2009 5:24am Jul 10, 2009 5:24am
Quoting albchr
Yea I saw that too but didn't want to even acknowledge it here...LOL
Quoting albchr

My first, "set it up and go to bed" trades that actually worked. A nice 4H pin on EU. Took half at 3900.....

Be interesting to see if it can break 3900 but at this point, who cares...LOL

Set one up on GU as well after a nice bounce off the 6380 S/R. This one might get stopped out but at least I'm Be+ on it.
yeah i think your probably right
nice trades mate. missed that 4h pin!
jon
PATIENCE... DISCIPLINE
  • #37,082
  • Jul 10, 2009 5:29am Jul 10, 2009 5:29am
Quoting ljr
Hi Billye

Please don't take offence to this but hell I can't read your charts that you post. It may be because they are quite small when you post them but you have so many lines there is hardly any space anywhere.

I love it when Jarroo posts a chart. Clean and simple and one can see exactly what hes talking about. May be a good idea to pull up one of his charts and then compare to yours and decide if you really need all those lines....
yeah i agree here Billye, mabye if they were zoomed out it would be better??
again i like the posts, but cant see anything in the charts?? ( still trying to work out how them lines were drawn?from close price??)
jon
PATIENCE... DISCIPLINE
  • #37,083
  • Jul 10, 2009 5:38am Jul 10, 2009 5:38am
Quoting billye
sorry try to re-post it.
seems at some size we'll not be able see the full chart...you can only see it if click on attach thumbnails.

sorry for the hori-zon level... they are major S/R... something like they call round numbers.
They're ok billye, just work on making the grid less eminent maybe even remove it altogether,
I believe . . .
  • #37,084
  • Jul 10, 2009 6:05am Jul 10, 2009 6:05am
Quoting ghous
They're ok billye, just work on making the grid less eminent maybe even remove it altogether,
ok. I figured out how to make it a normal line instead of solid line.

it can also be dot line but I guess this one is okey.
Attached Image
  • #37,085
  • Jul 10, 2009 6:24am Jul 10, 2009 6:24am
Quoting clockwork71
The fee is for data, not inactivity. I pay 10 USD a month if I don't do $30 in commissions for that month. The 10 USD covers all US markets. If you want to trade other markets, (worldwide) it varies. London is like 5 GBP a month, ASX is like 25 AUD.

My commission is $2 round trip on US stocks. Nothing. Scottrade charges $7, a turn.....making it $14 for the open and close of a stock trade. Nice "discount".

Options vary a bit, but generally are between $1-$3.

CW
Yes, that's right. It's all on the website guys/gals.
  • #37,086
  • Jul 10, 2009 6:55am Jul 10, 2009 6:55am
I just thought to share what i'm doing
Since few minuts open 5 stander lots: 2 sell u/cad and 2 buy e/u and 1 buy u/j Target 1 Million to prove to my self i'm good and because Many says opposite of my view "Demo Account"

"in real account .....2% risk"
Thanks
ps: sorry if i interrupt this great thread to say this just got feeling to share it.
  • #37,087
  • Jul 10, 2009 7:06am Jul 10, 2009 7:06am
Quoting Ryanmcd
True and now on the 5min I run different risk for different times, I have one setup that works about 30% BUT my risk is 3 pips, target is 21 so it's 7:1, right now I am doing the small PB's on the 5min with 5 pip risk 20 target so I can lose 50-60% of the time and do well, sometimes I win 50-60% so it works well.

Ryanmcd,

Do you ever trade these on the daily timeframe?

I agree with what you guys are saying about being careful with these. As with other PA, it's all about the location and confluence (ppz, round number, fib, etc) and using PA as a trigger to enter.

Ross
  • #37,088
  • Jul 10, 2009 7:15am Jul 10, 2009 7:15am
egkid,
it's better if u put your reasons for taking those trades

& u should also put a cautionary note like "do not try this, kids" & "plan your trade, trade your plan".
  • #37,089
  • Jul 10, 2009 7:16am Jul 10, 2009 7:16am
Quoting egkid
I just thought to share what i'm doing
Since few minuts open 5 stander lots: 2 sell u/cad and 2 buy e/u and 1 buy u/j Target 1 Million to prove to my self i'm good and because Many says opposite of my view "Demo Account"

"in real account .....2% risk"
Thanks
ps: sorry if i interrupt this great thread to say this just got feeling to share it.
Yes you did interrupt this great thread ...
  • #37,090
  • Jul 10, 2009 7:31am Jul 10, 2009 7:31am
Well there she blows!!
jon
Attached Image(s) (click to enlarge)
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PATIENCE... DISCIPLINE
  • #37,091
  • Jul 10, 2009 7:34am Jul 10, 2009 7:34am
Quoting supremeChaos
egkid,
it's better if u put your reasons for taking those trades

& u should also put a cautionary note like "do not try this, kids" & "plan your trade, trade your plan".
For example:U/Cad
1-Bearish Bat on daily chart Max top suppose to be 1.1785

2-Oil 58$ Critical area "as bloomberg says:
Pennsylvania-based consultant Schork Group Inc. “If the bulls are going to put up a defense, this is where it will occur. If they fail, the path toward a $40-handle will be wide open.”

3-My Daily chart indicator show sell.

4- EW in my count EW5 to down should start here

Thanks and sorry again
  • #37,092
  • Edited 8:07am Jul 10, 2009 7:34am | Edited 8:07am
now waiting for the next 4h bar close in about 30 mins on my feed, for us/chf 4h pin and eu.us 4h pin and a 4h BUOB on the eu/gb.
lets see how they close.
jon
PATIENCE... DISCIPLINE
  • #37,093
  • Jul 10, 2009 7:51am Jul 10, 2009 7:51am
Quoting billye
what do you think of this H4 pin bar? (the last one)
billye, 2 things
1) Take a look at this chart, dont u think its much cleaner and nicer on the eyes ?
2) Pure choppy area

Attached Image (click to enlarge)
Click to Enlarge Name: uc_h4_show.jpg Size: 105 KB
  • #37,094
  • Jul 10, 2009 8:21am Jul 10, 2009 8:21am
Quoting billye
what do you think of this H4 pin bar? (the last one)
i quite like it and have an order placed for both this pair and eu/us.
It is choppy though like pipmyride says so i will be playing them very close initially if they break.It is to be expected in a ranging market though.
my personal fav is the eu/gb DBLHC (not a BUOB which i posted earlier)i like the confluence of the corrolated pairs.(gb/chf and gb/cad mirror this pair well.)
jon
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hour.jpg Size: 133 KB
PATIENCE... DISCIPLINE
  • #37,095
  • Jul 10, 2009 8:26am Jul 10, 2009 8:26am
Quoting pipmyride
billye, 2 things
1) Take a look at this chart, dont u think its much cleaner and nicer on the eyes ?
2) Pure choppy area

hi pipmyride,( i like the name!! lol) what time zone is your platform??
it looks to close an hour before mine?
cheers
jon
PATIENCE... DISCIPLINE
  • #37,096
  • Jul 10, 2009 9:29am Jul 10, 2009 9:29am
hey guys,
isnt dis dat i4b thingy (if it closes like dis)...am i right
sick moves on the yen crosses....lol
thinking of going long monday if it closes like dis, wat do u think
cheers

ps: next stop 155
Attached Image (click to enlarge)
Click to Enlarge Name: 87.gif Size: 17 KB
Simplicity is the key to success
  • #37,097
  • Jul 10, 2009 9:30am Jul 10, 2009 9:30am
... too quiet.
can we start the climate discussion with the new Climate Czar, ehem..


Quote
i like the confluence of the corrolated pairs.(gb/chf and gb/cad mirror this pair well.)

g_j_hook@yah,
how far back is the correlation that u've noticed.
what timeframes, MT4 broker?
Thanks
  • #37,098
  • Jul 10, 2009 9:41am Jul 10, 2009 9:41am
squeezy,
that could be I3B.... that is, the current bar is smaller in terms of range than the 2 previous bars.
if the current bar's range is smaller too than the 2 bars prior the circled bars, then it's a I5B.

U can have a review of it...
starting with jarroo's post here:
jarroo
mbqb11's recent definition of I4B
  • #37,099
  • Jul 10, 2009 9:42am Jul 10, 2009 9:42am
Quoting supremeChaos
... too quiet.
can we start the climate discussion with the new Climate Czar, ehem..

Thanks
I am ready.

Still abt 6 hours to go for the weekend close though

lol
I believe . . .
  • #37,100
  • Jul 10, 2009 9:49am Jul 10, 2009 9:49am
Quoting supremeChaos
squeezy,
that could be I3B.... that is, the current bar is smaller in terms of range than the 2 previous bars.
if the current bar's range is smaller too than the 2 bars prior the circled bars, then it's a I5B.

U can have a review of it...
starting with jarroo's post here:
jarroo
mbqb11's recent definition of I4B
yeah, wasnt sure of the counting i2b, i3b,i4b etc....will read up on them over the wkend, if i got time
hey,check out my double post supreme

Quoting ghous
I am ready.

Still abt 6 hours to go for the weekend close though

lol
hahahahahahaha
lets wait till mkt closes 1st guys
nice ipb wkly trades ghous....
Simplicity is the key to success
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