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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

  • #41,241
  • Aug 17, 2009 9:21am Aug 17, 2009 9:21am
Not sure if anyone has posted this catching up, I was just on a 12 day European vacation London, Paris, Rome and saw this bad boy this morning but skipped on it because I thought I was justbeing anxious.

I need to grow a pair. I have not been pulling the trigger as much as a I should an am being really picky. This was great though. Nice pin, off a round number and 150 ema with trend should have took it but passed. Need to get back into it and let this rip especially when I use the bar break stop on every trade this thing would be at such minimized risk.

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  • #41,242
  • Aug 17, 2009 9:31am Aug 17, 2009 9:31am
Quoting forexrex
Hey benji 533, ghous and finnishforex thanks for your replies. I've never heard about Varengold before? What are your experiences? benji533 and ghous are you using this platform as well? What's a must when chosing a platform?
THX for your help!
mt4 does the job for me. (Fxopen)
I believe . . .
  • #41,243
  • Edited 9:47am Aug 17, 2009 9:32am | Edited 9:47am
Quoting mike w
Yes sir, those would be the ones. Sorry it took so long to get back to you, I've been on the charts all morning.
I understand,

the charts don't look this beautiful all that often

Happy pipping Mike.
I believe . . .
  • #41,244
  • Aug 17, 2009 9:33am Aug 17, 2009 9:33am
Quoting fxprocessor
One trade in two years.... Now that is SUPER picky :-)
Just catching up on a few posts and great to see you pop up fxv.
Hope all is well...
hey Nick,
nice to see u post again.
Does it mean u are back?
  • #41,245
  • Aug 17, 2009 9:38am Aug 17, 2009 9:38am
Quoting fxprocessor
One trade in two years.... Now that is SUPER picky :-)

Just catching up on a few posts and great to see you pop up fxv.

Hope all is well.

Nick
Hey Nick,

Nice to see you in the house again bro,

Enjoyed the break?

g
I believe . . .
  • #41,246
  • Aug 17, 2009 9:38am Aug 17, 2009 9:38am
Quoting forexrex
Hey benji 533, ghous and finnishforex thanks for your replies. I've never heard about Varengold before? What are your experiences? benji533 and ghous are you using this platform as well? What's a must when chosing a platform?
THX for your help!
Hey...sorry, missed your post earlier.
I use MT4 as well.

Ben
  • #41,247
  • Aug 17, 2009 9:58am Aug 17, 2009 9:58am
Quoting dmc
Not sure if anyone has posted this catching up, I was just on a 12 day European vacation London, Paris, Rome and saw this bad boy this morning but skipped on it because I thought I was justbeing anxious.

I need to grow a pair. I have not been pulling the trigger as much as a I should an am being really picky. This was great though. Nice pin, off a round number and 150 ema with trend should have took it but passed. Need to get back into it and let this rip especially when I use the bar break stop on every trade this thing would be at such minimized...
If I were you, I would still be busy recalling a trip as cool as the one you mentioned dmc.

trades taken, trades missed, trades won and trades lost are all elements that make up your trading,

Sure that was a sweet trade, but regretting your own decisions is what can cause some serious damage to your confidence,

After a trip like that messing your mood up with a trade missed (which we know isn't the worst thing possible) is the last thing you want to do, well except the case where you want to blame your "pickiness" for the missed trade.

Get my point?

Just relax bro, let your thoughts flow, make a decision and embrace it no matter the outcome...you'll do yourself a world of good.

Regards,
Ghous.
I believe . . .
  • #41,248
  • Aug 17, 2009 10:05am Aug 17, 2009 10:05am
Quoting ghous


If I was in this trade I would have booked some profit straight away at where price currently is, the end of that long wick of the failed bearish pin bar should catch your attention straight away...

1.74 might still be on the cards but such an anticipation shouldn't have balls big enough to cause you harm, right Bryan?
Hey Bryan,

Hope all went well with this trade of yours,

That wick did prove to be a hurdle a touch too big eh? Needless to say we weren't surprised by the move were we?

g
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I believe . . .
  • #41,249
  • Edited 10:08am Aug 17, 2009 10:07am | Edited 10:08am
Quoting dmc
Not sure if anyone has posted this catching up, I was just on a 12 day European vacation London, Paris, Rome and saw this bad boy this morning but skipped on it because I thought I was justbeing anxious.

I need to grow a pair. I have not been pulling the trigger as much as a I should an am being really picky. This was great though. Nice pin, off a round number and 150 ema with trend should have took it but passed. Need to get back into it and let this rip especially when I use the bar break stop on every trade this thing would be at such minimized...
I missed this one too, but I was watching it and would have been stopped at b/e anyway... A good setup that ran enough to move to b/e but then retraced enough to have stopped me out at entry... only to run again...

Many more trade setups in our future to both miss and take DMC... like maybe the daily EUR/AUD, as Ghous just pointed out...

Josh
  • #41,250
  • Aug 17, 2009 10:07am Aug 17, 2009 10:07am
Quoting Jduester
I missed this one too, but I was watching it and would have been stopped at b/e anyway... A good setup that ran enough to move to b/e but then retraced enough to have stopped me out at entry... only to run again...

Many more trade setups in our future to both miss and take DMC...

Josh
I think this is almost word for word what Aaron(tia) had in his journal on this trade


Mike
  • #41,251
  • Aug 17, 2009 10:09am Aug 17, 2009 10:09am
Quoting ghous

After a trip like that messing your mood up with a trade missed (which we know isn't the worst thing possible) is the last thing you want to do, well except the case where you want to blame your "pickiness" for the missed trade.

Ghous.
Great post ghous!

I miss many winners because I am a bit more picky. But I prefer just watching a winner go without me instead of getting a looser that I wasn't comfortable with from the first place.

It is obvious that if you have more trades you have more winners...but more losers as well....it's all a question of what suites your personality the best way.

I have no problem missing winners which are not A trades for me. I know it will happen a lot.
Ben
  • #41,252
  • Aug 17, 2009 10:22am Aug 17, 2009 10:22am
Got the point. Trading very relaxed now...

Quoting ghous

Get my point?

Just relax bro, let your thoughts flow, make a decision and embrace it no matter the outcome...
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  • #41,253
  • Aug 17, 2009 10:23am Aug 17, 2009 10:23am
Quoting raczekfx
Got the point. Trading very relaxed now...
WTF?!?!?!





Welcome back Mark.
I believe . . .
  • #41,254
  • Edited Aug 18, 2009 12:12am Aug 17, 2009 10:31am | Edited Aug 18, 2009 12:12am
Well, I'll give it a go on my 1st 3X4hr (12hr) pb on AUDUSD long. I guess one could call it a BUOB that takes out the previous 2 4hr bars.

Update: TP1 Triggered, SL to BE, letting 2nd half run.

GregB
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  • #41,255
  • Aug 17, 2009 10:33am Aug 17, 2009 10:33am
Hi guys,

Saw a new price pattern that may be worth considering. If any seniors here can give some insights on this, it may be great to trade.

Three Black Crows. Was just looking at some candlestick patterns and came across this.

http://www.forexbrace.com/content/view/220/73/

There is a indicator there to download. (P.S. This is not my website just something I came across on the net while search for a pattern indicator)

What do you think?
  • #41,256
  • Aug 17, 2009 10:39am Aug 17, 2009 10:39am
Quoting tradertt
Hi guys,

Saw a new price pattern that may be worth considering. If any seniors here can give some insights on this, it may be great to trade.

Three Black Crows. Was just looking at some candlestick patterns and came across this.

http://www.forexbrace.com/content/view/220/73/

There is a indicator there to download. (P.S. This is not my website just something I came across on the net while search for a pattern indicator)

What do you think?
yeah if you're one of those who enjoy going deep into the world of price action, you'll notice several such patterns and bar shapes and the specific locations where they work.

R&D is probably the best thing you can look forward to after mastering the basics....key phrase here being "after mastering the basics"

g
I believe . . .
  • #41,257
  • Aug 17, 2009 10:58am Aug 17, 2009 10:58am
Thanks for keeping me in check guys :-) exactly what I needed!
  • #41,258
  • Aug 17, 2009 11:08am Aug 17, 2009 11:08am
Quoting raczekfx
Got the point. Trading very relaxed now...
ooooooooh lalala.... i think i am almost dreaming...
rac is back!


Thank God, i re-logged in....

anyway, back to my planned....
(2.08am , Local)
  • #41,259
  • Aug 17, 2009 11:48am Aug 17, 2009 11:48am
Quoting ghous
yeah if you're one of those who enjoy going deep into the world of price action, you'll notice several such patterns and bar shapes and the specific locations where they work.

R&D is probably the best thing you can look forward to after mastering the basics....key phrase here being "after mastering the basics"

g

Got it got it MASTER THE BASICS!
  • #41,260
  • Aug 17, 2009 1:26pm Aug 17, 2009 1:26pm
Quoting supremeChaos
rac is back!
lol... no, not back, just browsing..
Don't like 'commercial forums' label..

Nobody likes wasting time... B-good
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