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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

  • #40,481
  • Aug 10, 2009 3:01am Aug 10, 2009 3:01am
Quoting giotto
Hi guys,

I am not posting so often, but it doesn't mean I am not following thread - thanks for all shared ideas and screens . As I saw, few of you were watching GBPUSD on weekly, when at friday nice PIN was made. I started to build my position around @6660, with leaving SL lvl @6740. Targets are mainly previous PPZ, rounds and fibo lvls. Lets see how real it comes in few days.
Looking good.
Indicators show the past. Price Action "Indicates" the future.
  • #40,482
  • Aug 10, 2009 3:06am Aug 10, 2009 3:06am
what a nice break on cable, but I'm break even unfortunately.

happy trading for those who still in
  • #40,483
  • Aug 10, 2009 3:13am Aug 10, 2009 3:13am
Quoting datogio
what a nice break on cable, but I'm break even unfortunately.

happy trading for those who still in
That was quick datogio, not saying it was wrong to do in any way. But maybe give up a little leeway, it only drew down a couple of pips after the break.

Anyway, nice job.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #40,484
  • Aug 10, 2009 3:18am Aug 10, 2009 3:18am
Quoting jarroo
That was quick datogio, not saying it was wrong to do in any way. But maybe give up a little leeway, it only drew down a couple of pips after the break.

Anyway, nice job.

Jim
yes i also think it was quick but it was exactly the plan, maybe plan was very tight.

choppiness of the market makes me to manage very tight.
  • #40,485
  • Aug 10, 2009 3:19am Aug 10, 2009 3:19am
Quoting giotto
Hi guys,

I am not posting so often, but it doesn't mean I am not following thread - thanks for all shared ideas and screens . As I saw, few of you were watching GBPUSD on weekly, when at friday nice PIN was made. I started to build my position around @6660, with leaving SL lvl @6740. Targets are mainly previous PPZ, rounds and fibo lvls. Lets see how real it comes in few days.
I'm keeping an eye on the .6500 area.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #40,486
  • Aug 10, 2009 3:19am Aug 10, 2009 3:19am
Quoting datogio
yes i also think it was quick but it was exactly the plan, maybe plan was very tight.

choppiness of the market makes me to manage very tight.
Understandable.
Indicators show the past. Price Action "Indicates" the future.
  • #40,487
  • Aug 10, 2009 3:21am Aug 10, 2009 3:21am
Quoting datogio
yes i also think it was quick but it was exactly the plan, maybe plan was very tight.

choppiness of the market makes me to manage very tight.

I figure 30-50 pips is just noise on the higher time frames.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #40,488
  • Aug 10, 2009 3:22am Aug 10, 2009 3:22am
Quoting LasVahGoose
I figure 30-50 pips is just noise on the higher time frames.
Especially on the Weekly.
Indicators show the past. Price Action "Indicates" the future.
  • #40,489
  • Aug 10, 2009 3:31am Aug 10, 2009 3:31am
Quoting LasVahGoose
I figure 30-50 pips is just noise on the higher time frames.
yep i see, it just reversed from my first trouble area. thought it wasn't worth to risk, maybe wrong maybe right decision, who knows
  • #40,490
  • Aug 10, 2009 3:40am Aug 10, 2009 3:40am
Quoting datogio
yep i see, it just reversed from my first trouble area. thought it wasn't worth to risk, maybe wrong maybe right decision, who knows
The only person that will know that is you. You'll find out if you were right or wrong after the trade plays out. At least you're out at BE, that is win.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #40,491
  • Aug 10, 2009 3:45am Aug 10, 2009 3:45am
Quoting LasVahGoose
The only person that will know that is you. You'll find out if you were right or wrong after the trade plays out. At least you're out at BE, that is win.
true words, thanks mate
  • #40,492
  • Aug 10, 2009 5:05am Aug 10, 2009 5:05am
First loss on demo, although not a failure of PA. I had a GBP/AUD 2 day pin bar, I left it whilst I went on holiday, it went up 200 pips, which I would have taken or at least moved stop to be if I was here to manage it. Well lesson learned, only trade when I can access my platform at least every day. It bombed within the last few hours.

Still in the NZD/USD pin bar on daily, got in on a retrace, will watch it closely if it gets to 6650.
I hear and I forget. I see and I remember. I do and I understand.
  • #40,493
  • Aug 10, 2009 7:09am Aug 10, 2009 7:09am
hey guys I'm in this trade from last week after the break of 2 day candel struggling in the area of 1.7 big round number and fail to make a break of 1.7.

I'm curently up by +260 pips (with my second position at BE) and I was thinking in adding in my position after the break of the weekly PB but I wasn't in front of my desktop in that moment.

anyway my target is the 1.650 because this is a CT(for my the trend is up over the weekly chart,the trend was starting right at the begining of this year)

if it get there I'll be making +380 pips that will be by far the most that I have manage to grab in an trade

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  • #40,494
  • Aug 10, 2009 7:22am Aug 10, 2009 7:22am
here is another think over the 4h chart (aussie) will probabely form a PB that is at 61.8 fib (retracement from weekly PB)

this will be a more agressively entry but you can get a better risk

I have an order 10 pips below the PB over the weekly chart but I see here a greater entry point but this will be more risky because a PB is not tehnicaly a PB only after she breaks

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  • #40,495
  • Aug 10, 2009 7:43am Aug 10, 2009 7:43am
[quote=triger88990;2943375]here is another think over the 4h chart (aussie) will
...........................
[quote]


hey guys look here what have strat the large move down a perfect entry
let the chart to speak by itself

ps: this are oane of rackzfx style trade

ps2: over the 4h for the now it's nothing that could be interesting
i'll pass this oane and waith for the break off the PB weekly chart

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  • #40,496
  • Aug 10, 2009 10:09am Aug 10, 2009 10:09am
just found this post in the thread, Jims setup, trying to zoom into to his screen to see if there is a secret ma or indicator lol

http://www.forexfactory.com/showpost...&postcount=271
I hear and I forget. I see and I remember. I do and I understand.
  • #40,497
  • Aug 10, 2009 10:19am Aug 10, 2009 10:19am
Woke up a little over an hour ago to see that my stop sell order got triggered and kept running
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  • #40,498
  • Aug 10, 2009 10:35am Aug 10, 2009 10:35am
Quoting ghous
50 fib, (ppz)
A+++ BEOB
with the trend
clear first target
advantage of a tighter SL (above the 50 fib ppz)

g.
ghous, good to know other people are trading this too. let's see how it goes..
  • #40,499
  • Aug 10, 2009 10:35am Aug 10, 2009 10:35am
Quoting CkM8
Woke up a little over an hour ago to see that my stop sell order got triggered and kept running

I'm in this one too.
Second trade of mine....currently +76 pips and running

Ben
  • #40,500
  • Aug 10, 2009 11:05am Aug 10, 2009 11:05am
Quoting benji533
I'm in this one too.
Second trade of mine....currently +76 pips and running

Ben

Currently +90 pips and stop moved to BE.
I have zoomed into the 4H to fined the next point to trail my stop to.
I fully expect the 1.64500 area to act as support now. If price breaks through, it will most likely act as resistance....so I will move my stop above it.

Ben
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