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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

  • #39,161
  • Jul 28, 2009 6:19pm Jul 28, 2009 6:19pm
Quoting Basber
Hi Everyone,
I Have Problem With This Digits For My Broker (ODL), I Don't What Happen That It Changes From 5 Digit Number (1.xxxx) To 6 Digit Number (1.xxxxx).
Is There Anyway To Turn In Back To 5 Digit ?
It's Look Like This (Picture) Now. I Want It To Be Like 1.4161 Not 1.41610.

Regards,
Basber
Hey basber,

I don't think there is any way to change that display yet. The actual integration of the 5th digit is a good thing for traders on a side note

If someone knows a solution please correct me

Mike
  • #39,162
  • Jul 28, 2009 6:41pm Jul 28, 2009 6:41pm
Hi Basber

I don't think you can change X.XXXXX back to X.XXXX because X.XXXXX is the actual price now. But if you want the old format just for charting purpose, I am pretty sure IKON Royal is still X.XXXX format. You could open demo with them.
scott
  • #39,163
  • Jul 28, 2009 6:44pm Jul 28, 2009 6:44pm
Quoting mbqb11
Hey basber,

I don't think there is any way to change that display yet. The actual integration of the 5th digit is a good thing for traders on a side note

If someone knows a solution please correct me

Mike
It's server-side. Can't change that or the servers' time settings, unfortunately.
  • #39,164
  • Jul 28, 2009 6:46pm Jul 28, 2009 6:46pm
Quoting alyehoud
It's server-side. Can't change that or the servers' time settings, unfortunately.
yeah that's what I thought with mt4, oanda lets you get rid of it and they call them Pipettes LOL
  • #39,165
  • Jul 28, 2009 6:48pm Jul 28, 2009 6:48pm
Quoting scotta
Hi Basber

I don't think you can change X.XXXXX back to X.XXXX because X.XXXXX is the actual price now. But if you want the old format just for charting purpose, I am pretty sure IKON Royal is still X.XXXX format. You could open demo with them.
scott
Scotta And Mike, Thank You For Your Replies.
I Use IBFX Too And It's x.xxxx . The Thing That Makes Me Ask This Is It Changes Automaticly 1 Or 2 Days Ago. It Was 5 Digit Till Then. Once I Close It And ReOpen The Program, And It Changed To 5 Digit, Then After Changing Timeframes, It Goes Back To 6 Digit Again.
Is There Anyone Else Using ODL And Have 5 Digit ? I Hate This 6 Digit Numbers ... Ah ..

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #39,166
  • Jul 28, 2009 6:49pm Jul 28, 2009 6:49pm
Quoting alyehoud
It's server-side. Can't change that or the servers' time settings, unfortunately.
Hmm ... Too Bad. I Should Start Getting Used To It

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #39,167
  • Jul 28, 2009 6:50pm Jul 28, 2009 6:50pm
Quoting mbqb11
yeah that's what I thought with mt4, oanda lets you get rid of it and they call them Pipettes LOL
Pipettes, how cute.
  • #39,168
  • Jul 28, 2009 6:51pm Jul 28, 2009 6:51pm
Quoting Basber
Hmm ... Too Bad. I Should Start Getting Used To It

Regards,
Basber
I just switched to a 5-digit broker from a 4 digit and after a day or 2 you'll get used to it, and probably like it more
  • #39,169
  • Jul 28, 2009 6:55pm Jul 28, 2009 6:55pm
hey mike ill try to make the chart bigger

http://i28.tinypic.com/5nmdfm.gif





btw supreme are you filapino? my wife is filapina it is our dream to live there off my fx revenues when we are older.
  • #39,170
  • Jul 28, 2009 6:58pm Jul 28, 2009 6:58pm
Quoting johnnykanoo
hey mike ill try to make the chart bigger

http://i28.tinypic.com/5nmdfm.gif





btw supreme are you filapino? my wife is filapina it is our dream to live there off my fx revenues when we are older.
I'm watching this myself. Towards the base it goes through a Daily resistance point/Weekly R1 Pivot confluence, and the top of the pin just goes through Weekly R2 and stops just shy of .8350 weekly resistance, another point of confluence. The only thing I don't love is that it's a fade, but that's me.
  • #39,171
  • Jul 28, 2009 7:04pm Jul 28, 2009 7:04pm
http://i29.tinypic.com/23vdobl.gif

nice looking dbhlc on the gy
  • #39,172
  • Jul 28, 2009 7:20pm Jul 28, 2009 7:20pm
Quoting Basber
Scotta And Mike, Thank You For Your Replies.
I Use IBFX Too And It's x.xxxx . The Thing That Makes Me Ask This Is It Changes Automaticly 1 Or 2 Days Ago. It Was 5 Digit Till Then. Once I Close It And ReOpen The Program, And It Changed To 5 Digit, Then After Changing Timeframes, It Goes Back To 6 Digit Again.
Is There Anyone Else Using ODL And Have 5 Digit ? I Hate This 6 Digit Numbers ... Ah ..

Regards,
Basber

Ok, I guess im not crazy, lol. Same thing has been happening to me, and I also use IBFX. Normally I wouldnt care but I have an indicator that plots lines at the round numbers, but it calculates the amount pips off the last digit in the price number, so it keeps messing it up everytime it changes back and forth =/
  • #39,173
  • Jul 28, 2009 7:48pm Jul 28, 2009 7:48pm
Quoting mbqb11
LOL no 5min for me I am very content here

What skype thing? The yugma? yeah yugma works great

-Mike

I want something that I can interact with people on and they can do the same back, it will be free as long as they add something of value to it. Come to the dark side Mike
Keep taking CT trades, I need more money
  • #39,174
  • Jul 28, 2009 8:04pm Jul 28, 2009 8:04pm
Quoting Ryanmcd
I want something that I can interact with people on and they can do the same back, it will be free as long as they add something of value to it. Come to the dark side Mike
I've seen Mike trading the 5Min a couple of times . . .

(I know what you traded last summer)

@Ryan

Last three/four weeks since my summer holidays started I've been trading the 5Mins for at least twelve hours a day. Before that I just did it an hour here and there. Rollercoaster tycoon and other management games are a good way to get through it for me on spare screens .

I mostly trade outside bars on the 5Min, and I am a 1:4 R:R ratio man like yourself (Although my risk is normally .5 so no mad return days for me) You seem to stick to pinbars though or do you trade outside bars as well ?

For trading the 4HR I used to have 4 feeds that close at different times so you get a "4HR close everyhour" if you get me, that way you'll get more setups, I have no idea why people who trade the 4HR don't do that more. You get more action and at better places too.

Jig

EDIT : I'd be up for the skype thing if it happens.
  • #39,175
  • Jul 28, 2009 8:14pm Jul 28, 2009 8:14pm
Quoting Jigsaw
I've seen Mike trading the 5Min a couple of times . . .

(I know what you traded last summer)

@Ryan

Last three/four weeks since my summer holidays started I've been trading the 5Mins for at least twelve hours a day. Before that I just did it an hour here and there. Rollercoaster tycoon and other management games are a good way to get through it for me on spare screens .

I mostly trade outside bars on the 5Min, and I am a 1:4 R:R ratio man like yourself (Although my risk is normally .5 so no mad return days for...
What 4 different feeds do you use? Thx
  • #39,176
  • Jul 28, 2009 8:18pm Jul 28, 2009 8:18pm
Quoting Jlr
What 4 different feeds do you use? Thx
FXaccucharts have a nice feature that you can offset all intraday timeframes... so I can set all 4 4hr closes with a 60 minute offset, 120min offset, etc... all 4 on one broker...

PFG Best used to offer fxaccu... not sure if they still do or if they moved over to MT4.

Josh
  • #39,177
  • Jul 28, 2009 8:20pm Jul 28, 2009 8:20pm
Quoting Jduester
FXaccucharts have a nice feature that you can offset all intraday timeframes... so I can set all 4 4hr closes with a 60 minute offset, 120min offset, etc... all 4 on one broker...

PFG Best used to offer fxaccu... not sure if they still do or if they moved over to MT4.

Josh
Thats pretty nifty, thanks.
  • #39,178
  • Jul 28, 2009 8:21pm Jul 28, 2009 8:21pm
Quoting Jigsaw

For trading the 4HR I used to have 4 feeds that close at different times so you get a "4HR close everyhour" if you get me, that way you'll get more setups, I have no idea why people who trade the 4HR don't do that more. You get more action and at better places too.

Jig
I totally understand why people do this. And I respect it too.

But it drove me mad. Because part of the advantage of the 4H was not ahving to check my charts every hour. I am trying to set this business up in way that means I can have a life, so hourly chart checking doesn't fit with my business plan. Also because I was essentially looking at 4 different charts I didn't have a sense of price "unfolding". Now that I look at one (okay, two...old habits die hard) I can hold the story of price in my head and am interested in it bar by bar. If I see a hugely key area I will pull up another feed.

It's all about finding what fits your personality.
  • #39,179
  • Jul 28, 2009 8:22pm Jul 28, 2009 8:22pm
Quoting Jigsaw
I have no idea why people who trade the 4HR don't do that more.
it's called overtrading.
  • #39,180
  • Jul 28, 2009 8:40pm Jul 28, 2009 8:40pm
Quoting Jlr
What 4 different feeds do you use? Thx
IBFX
FXPro
Alpari UK
Since march 29th Some broker changed the close of their 4HR for some reason and alas I have no feed that closes at 20.00GMT, I just have another feed running a candle aggregator and I look at that.

I think it was FXDD that I used before that.

You can do the handy accucharts thing and run that either though, that's pretty nifty.

EDIT: As pointed out by Josh


Quoting TiaForex
I totally understand why people do this. And I respect it too.

But it drove me mad. Because part of the advantage of the 4H was not ahving to check my charts every hour. I am trying to set this business up in way that means I can have a life, so hourly chart checking doesn't fit with my business plan. Also because I was essentially looking at 4 different charts I didn't have a sense of price "unfolding". Now that I look at one (okay, two...old habits die hard) I can hold the story of price in my head and am interested in it bar by bar. If I...
Agreed, it all comes down to personality, some people just don't want to be tied down to looking at a screen all day. At the time I only thought it was logical to look at all the feeds, I never had a problem of "seeing the picture" but then again I don't mind spending a lot of time near charts.

I bet thats one of the primary reasons Mike doesn't trade the 5Min eventhough he could and be profitable at it.

Quoting dengzhi
it's called overtrading.
Can expound on that or talk more about your personal experience of trading the multiple 4HR feeds and why you think it's overtrading ?
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