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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

  • #48,601
  • Nov 24, 2009 6:09am Nov 24, 2009 6:09am
Quoting bundyraider
I noticed you and Kiss mention MT4 trendlines not being the same of late.
I wish I could go back a version or two myself. Some just don't line up any more. Hope it's fixed in coming versions. Sick of editing the lines manually.
yeah, they are a pretty big part of my trading and i would like them to get bigger but when its like this they are pretty much useless!!! how are you getting on?? i have also noticed they can be diferent on different platform so that doesnt solve anything either!!? do you take them at the face value for each TF when you have adjusted them??
cheers
jon
PATIENCE... DISCIPLINE
  • #48,602
  • Nov 24, 2009 6:10am Nov 24, 2009 6:10am
Why dont we all email our platforms and put the pressure on!?!?!
PATIENCE... DISCIPLINE
  • #48,603
  • Nov 24, 2009 6:11am Nov 24, 2009 6:11am
Quoting g_j_hook@yah
what does anyone think of the 4h pins showing on us/chf eu/us??? all comments welcome
I was waiting for a pull back on Eur/Gbp, but those pins are "statements" of more happening. damn.

Keen for sleep, so not thinking of trading them. Too many mistakes made like that. lol
Bundy's status today: "Waiting..."
  • #48,604
  • Nov 24, 2009 6:13am Nov 24, 2009 6:13am
Quoting g_j_hook@yah
hi benji, just to clarify, oanda prints the average price between the ask and the bid, so if you get it to show the ask and bid price it will be above and below the bars highs and lows ..if you know wot i mean?? whereas mt4 platforms show the bid (as default) so it looks diferent but isnt really,its just not been printed the same graphically.
hope this clears it up
jon
p.s. what do think or the 3h pins on eu/us and the swissy??? your kind of trade no???
Thanks for clarifying jon.

Actually I use only MT4 for charting, so I don't look at 3H. From Oanda's charts I van see it just took off, but I personally wouldn't take it anyway.

By the way, I just took a 0.6R lose earlier on EU (5min pin off 1.495 with div) - Next

Ben
  • #48,605
  • Nov 24, 2009 6:14am Nov 24, 2009 6:14am
for Jarro...will it continue?? i hope so...
jon
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PATIENCE... DISCIPLINE
  • #48,606
  • Nov 24, 2009 6:14am Nov 24, 2009 6:14am
Quoting g_j_hook@yah
do you take them at the face value for each TF when you have adjusted them??
That's what I've been doing. It's a pain adjusting them though. It sucks not being able to draw a TL on the daily then use it reliably down the Time frames.
Bundy's status today: "Waiting..."
  • #48,607
  • Nov 24, 2009 6:17am Nov 24, 2009 6:17am
Quoting bundyraider
That's what I've been doing. It's a pain adjusting them though. It sucks not being able to draw a TL on the daily then use it reliably down the Time frames.
yep..so much for my Igrok training.. lol
p,s, just stopped out of my gb/yen short
PATIENCE... DISCIPLINE
  • #48,608
  • Nov 24, 2009 6:23am Nov 24, 2009 6:23am
Quoting benji533
Thanks for clarifying jon.

Actually I use only MT4 for charting, so I don't look at 3H. From Oanda's charts I van see it just took off, but I personally wouldn't take it anyway.

By the way, I just took a 0.6R lose earlier on EU (5min pin off 1.495 with div) - Next

Ben
hi benji can i ask for the reasons you wouldnt/didnt concider them??
cheers
jon
PATIENCE... DISCIPLINE
  • #48,609
  • Nov 24, 2009 7:00am Nov 24, 2009 7:00am
Quoting bundyraider
I noticed you and Kiss mention MT4 trendlines not being the same of late.
I wish I could go back a version or two myself. Some just don't line up any more. Hope it's fixed in coming versions. Sick of editing the lines manually.
I thought it was just me., They seem to be getting wilder and wilder as I drop down timeframes. It used to be a small difference but now my TLs look like they were drawn by a drunken monkey.

There's a voice in my ear whispering "traaaaaadestaaaaaation"
  • #48,610
  • Nov 24, 2009 7:02am Nov 24, 2009 7:02am
hello guys!

I have just finished to fund my live account,I have sent the money last week on Friday,wire bank transfer, and they arrived in my account this morning.

This is my first live trade that I tooked, want to thank you guys for your work that have been done here.

I don't feel any extra pressure when I trade the live account, it's the same with the demo account, I'm trying to do the same think that have been work on the demo account, and when you know that this stuff work and you did it by yourself you can bring out all the pressure. Maybe this felling are because I trade only 1$/pip, but when you will do it enough time on the live account you will be prepared for thouse time when a pip will worth 100$ or even 1000$.But all step by step with a lot of patience.

On this trade that I took I could easily catch the bottom of the PB,speciality of rac, but at that time I was off the markets.

here is the chart

wish you the best!!

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  • #48,611
  • Nov 24, 2009 7:09am Nov 24, 2009 7:09am
Quoting g_j_hook@yah
hi benji can i ask for the reasons you wouldnt/didnt concider them??
cheers
jon
I will use the 4H chart because it seems to be quite similar and that is what I can post.

Well, PA is powerful, but location is even more in most cases. In this case, you have a pin in the middle of a box range/side ways market.
Best place to trade PA is at swing points, supported by some kind of confluence. You don't have any major round number or PPZ to support you. Larger TF don't show any kind of clues either.
If I would like to trade based on this TF, I will most likely look for trades off the edges of this box.
Bottom line....it just doesn't come out at me...it is in the middle of no where.

Now that I see the major Resistance at the top of this box, created by all the recent bar highs and combined with a major big number, I will try to catch bars at that area on lower TFs at that swing point with the ton of space around.

If anything, I would prefer the other pin bar I have marked on the chart below.

Ben
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  • #48,612
  • Nov 24, 2009 7:17am Nov 24, 2009 7:17am
Quoting benji533

Well, PA is powerful, but location is even more in most cases. In this case, you have a pin in the middle of a box range/side ways market.
Best place to trade PA is at swing points, supported by some kind of confluence. You don't have any major round number or PPZ to support you. Larger TF don't show any kind of clues either.

Ben

hey benji you are right in your assumption,and yes we are on the middle of a range market, but when you have some extra tool in your hands, you can make it a killer.

I know that it's not a proper way to trade them, but I have pulled the trigger based on more then just that you see on the chart, learn it from rac.

I'm not even experiment with them, but I know that this work after playing with it on the demo account,for some time. I wouldn't recommended to the novice to trade them.

wish you the best!!
  • #48,613
  • Nov 24, 2009 7:29am Nov 24, 2009 7:29am
Quoting benji533
I will use the 4H chart because it seems to be quite similar and that is what I can post.

Well, PA is powerful, but location is even more in most cases. In this case, you have a pin in the middle of a box range/side ways market.
Best place to trade PA is at swing points, supported by some kind of confluence. You don't have any major round number or PPZ to support you. Larger TF don't show any kind of clues either.
If I would like to trade based on this TF, I will most likely look for trades off the edges of this box.
Bottom line....it just...
I got stoped out on my EU and swissy to.

Just curious how many pairs are you watching now. I think you were looking at many when you started with higher TF and practicing Mike's breakout method cause they don't show up every day.
  • #48,614
  • Nov 24, 2009 7:30am Nov 24, 2009 7:30am
Quoting triger88990
hey benji you are right in your assumption,and yes we are on the middle of a range market, but when you have some extra tool in your hands, you can make it a killer.

I know that it's not a proper way to trade them, but I have pulled the trigger based on more then just that you see on the chart, learn it from rac.

I'm not even experiment with them, but I know that this work after playing with it on the demo account,for some time. I wouldn't recommended to the novice to trade them.

wish you the best!!

Yep, I know that you know what you are doing lol
What I said is based on how I trade.

BTW, I also take bars like this sometimes, but manage them very tightly, and personally think that there are much more good ones for me.

But keep doing what you are good in
ohh and congratz on the new account hehe

Ben
  • #48,615
  • Nov 24, 2009 7:33am Nov 24, 2009 7:33am
Quoting g_j_hook@yah
hi KissFan, nice post mate. i learn a lot from you buddy.
did you get your pips on the gb/yen?? im still in as it missed my TP by a few pips. i now have my stops tightend right up though(locking in about +90 ) just to let it run if its going to??
i closed my gb and eu shorts last night before i went to bed..shame... but profit is profit is profit.
what does anyone think of the 4h pins showing on us/chf eu/us??? all comments welcome
cheers
jon
The three trades I took yesterday. +64 on GBP/USD, +56 on Aud/USD and +86 on GBP/JPY. I closed at the first sign of reversal as i am leery of the market this week. Today I would like to sell again on these but I will wait for strong signals and I will likely close for smaller profits. I will not be trading again till Monday.

Great job on GJ -GJHook!

K.I.S.S.
  • #48,616
  • Nov 24, 2009 7:34am Nov 24, 2009 7:34am
Quoting nasir.khan
I got stoped out on my EU and swissy to.

Just curious how many pairs are you watching now. I think you were looking at many when you started with higher TF and practicing Mike's breakout method cause they don't show up every day.
I don't look at much.

The first two months that I have been in this forum were during the time I was on summer vacation from school. I could trade all day and think only on forex.
Now I have no time relativity to what I had. I have so much things to do in my regular life now.

But in my opinion, if you can - watch all pairs.
  • #48,617
  • Nov 24, 2009 7:40am Nov 24, 2009 7:40am
Breakout on UJ.

PA Retrace on NZDUSD
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  • #48,618
  • Nov 24, 2009 7:43am Nov 24, 2009 7:43am
Quoting bundyraider
I noticed you and Kiss mention MT4 trendlines not being the same of late.
I wish I could go back a version or two myself. Some just don't line up any more. Hope it's fixed in coming versions. Sick of editing the lines manually.
It's the toughest part of my new job.

K.I.S.S.
  • #48,619
  • Nov 24, 2009 7:46am Nov 24, 2009 7:46am
Quoting TiaForex
I thought it was just me., They seem to be getting wilder and wilder as I drop down timeframes. It used to be a small difference but now my TLs look like they were drawn by a drunken monkey.

There's a voice in my ear whispering "traaaaaadestaaaaaation"

I think that Tradestation will my my gift to me at a certain account level.

K.I.S.S.
  • #48,620
  • Nov 24, 2009 7:47am Nov 24, 2009 7:47am
Quoting benji533
I don't look at much.

The first two months that I have been in this forum were during the time I was on summer vacation from school. I could trade all day and think only on forex.
Now I have no time relativity to what I had. I have so much things to do in my regular life now.

But in my opinion, if you can - watch all pairs.
Thanks,

Before asking the question i had just deleted all the pairs leaving the majors only.

I missed AU PB, EU PB (8h), UCHF PB (8h).

I have a day job and paid price for having more then 20 pairs.
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