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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

  • #43,681
  • Sep 14, 2009 5:57am Sep 14, 2009 5:57am
Quoting tradertt
Hi Guys,

Took this failed pin on the EUR CAD 2 days ago. Any insights on what I missed out to get stopped out in 2 bars?

Pro:

Rejected by 2 EMAs
PPZ
Nice Pin bar
I think this was the problem!
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad_d1.png Size: 43 KB
  • #43,682
  • Sep 14, 2009 6:02am Sep 14, 2009 6:02am
Quoting oltciter
I think this was the problem!

Yeah maybe not enough space.
I was too lenient on the daily ..... lolz

Hey what charting program are you using? Is it just a screenshot program I see?
  • #43,683
  • Sep 14, 2009 6:05am Sep 14, 2009 6:05am
Quoting tradertt
Yeah maybe not enough space.
I was too lenient on the daily ..... lolz

Hey what charting program are you using? Is it just a screenshot program I see?
MetaTrader4 but, I have E-pointer trial grafic softwere for my screen draws!

You cand draw all arround your screen in real time and after that make printscreens!

Look of that!
Attached Image (click to enlarge)
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  • #43,684
  • Sep 14, 2009 6:23am Sep 14, 2009 6:23am
Quoting tradertt
Yeah maybe not enough space.
I was too lenient on the daily ..... lolz
delete the word 'maybe'. lol

recently joelcf posted the same chart/PB.

u should not trade just any PB u see in charts.
PA shape is just 1 factor. There are many other factors like location, etc which are sometimes/often more important than PA shape.

also, EUR, AUD etc. have been stronger than CAD.
  • #43,685
  • Sep 14, 2009 6:46am Sep 14, 2009 6:46am
Hello
is anybody able to point me in the direction of a post that would difine the above to scenarios and what approaches can be used to trade them?

Regards,
Md
  • #43,686
  • Sep 14, 2009 6:51am Sep 14, 2009 6:51am
Quoting raczekfx
eu to 1.4570, ym - 9550 and then kaboom to 1.0920.
...
eu and uc hit their first targets for now..
and so on and so forth and so on and.....
.
Attached Images
  • #43,687
  • Sep 14, 2009 7:14am Sep 14, 2009 7:14am
Quoting raczekfx
eu and uc hit their first targets for now..
and so on and so forth and so on and.....
.
I swear, I don't know how he does it....so many times....to the exact pip.



(and I'm holding my UCAD looking for just shy of 1.1 If we go down from here I'm blaming you Rac man... )
  • #43,688
  • Sep 14, 2009 7:22am Sep 14, 2009 7:22am
Quoting supremeChaos
delete the word 'maybe'. lol

recently joelcf posted the same chart/PB.

u should not trade just any PB u see in charts.
PA shape is just 1 factor. There are many other factors like location, etc which are sometimes/often more important than PA shape.

also, EUR, AUD etc. have been stronger than CAD.

Yes you are right Hehe ... I should NOT take these trades with NO SPACE!
  • #43,689
  • Sep 14, 2009 7:23am Sep 14, 2009 7:23am
Quoting oltciter
MetaTrader4 but, I have E-pointer trial grafic softwere for my screen draws!

You cand draw all arround your screen in real time and after that make printscreens!

Look of that!

Thank you
  • #43,690
  • Sep 14, 2009 7:34am Sep 14, 2009 7:34am
Any boby watching BUOB at GJ 1H.
  • #43,691
  • Sep 14, 2009 7:41am Sep 14, 2009 7:41am
Quoting nasir.khan
Any boby watching BUOB at GJ 1H.
check. Well, assuming it breaks that high before I finish reading in the next twenty mins.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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When you have to shoot, shoot. Dont talk.
  • #43,692
  • Sep 14, 2009 7:52am Sep 14, 2009 7:52am
Quoting nasir.khan
Any boby watching BUOB at GJ 1H.
But that bar it isn't BUOB. It is a simple BUB (at least on my feed)
  • #43,693
  • Edited 8:19am Sep 14, 2009 7:58am | Edited 8:19am
Quoting oltciter
But that bar it isn't BUOB. It is a simple BUB (at least on my feed)
There is a 1 pip difference between the lows. Pretty sure I can let that one slide.
*edit* completely posted the wrong chart.

Attached Image (click to enlarge)
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When you have to shoot, shoot. Dont talk.
  • #43,694
  • Sep 14, 2009 7:58am Sep 14, 2009 7:58am
Quoting joelcf
check. Well, assuming it breaks that high before I finish reading in the next twenty mins.

Attachment

Attachment
You mean the first aqua line right??
  • #43,695
  • Edited 8:28am Sep 14, 2009 8:03am | Edited 8:28am
Quoting nasir.khan
You mean the first aqua line right??
*edit* now that I look at the real chart, and not GU...absolutely. Since I want to wait ten pips for a break, it isnt enough room to that PPZ for me to be comfortable.

Sorry for the confusion. its late. and im retarded.

(probably a good sign that trying to take a trade would be -EV!)
When you have to shoot, shoot. Dont talk.
  • #43,696
  • Sep 14, 2009 8:34am Sep 14, 2009 8:34am
hi guys, hope your all well and profitable!?!?
heres my take on the gb/yen chart. the 1h buob has turned into a 4h buob on my feed. nice level ,divergence... i quite like it.
downside is the bar itself, it could be a bit stronger.??

cheers
jon
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PATIENCE... DISCIPLINE
  • #43,697
  • Sep 14, 2009 8:46am Sep 14, 2009 8:46am
Quoting joelcf
*edit* now that I look at the real chart, and not GU...absolutely. Since I want to wait ten pips for a break, it isnt enough room to that PPZ for me to be comfortable.

Sorry for the confusion. its late. and im retarded.

(probably a good sign that trying to take a trade would be -EV!)
Joel,

Just curious, How much room is sufficient for you to take the trade?

Do you trade manage james way as in move stop to BE at the first trouble area? or Mikes way, trailing 2 bar
  • #43,698
  • Sep 14, 2009 8:51am Sep 14, 2009 8:51am
Quoting TiaForex
...
(and I'm holding my UCAD looking for just shy of 1.1 If we go down from here I'm blaming you Rac man... )
I love to be blamed...
You'll get your 1.1 Aaron.... with patience. We need to shake out those leaves, who bet their houses on ucad long, first..
  • #43,699
  • Sep 14, 2009 9:00am Sep 14, 2009 9:00am
Quoting tradertt
Joel,

Just curious, How much room is sufficient for you to take the trade?

Do you trade manage james way as in move stop to BE at the first trouble area? or Mikes way, trailing 2 bar
I'm with Joel. ...Waiting it out. Too many issues for this pair to deal with for the minute. ( and the retarded bit. ...it's bed time. lol)

If you want my thoughts on how much room? ...Enough room to get into profit and start moving stops. Where the stop is likely to be nicely protected. ...That's just me though.
Bundy's status today: "Waiting..."
  • #43,700
  • Sep 14, 2009 9:10am Sep 14, 2009 9:10am
Major eurcad confluence on the daily: 365 ma, fib retrace, and big round #. Appears to be setting up for a bounce.
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