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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

  • #49,201
  • Dec 4, 2009 3:28am Dec 4, 2009 3:28am
Quoting Jlr
Stupid question, if you guys don't mind answering. What happends if I am in a play and the spread widens drastically? Does this effect me in any way? Never had a position open during nfp, and a bit scared.
It shouldn't. My broker charges the spread only on entry as most brokers. Unless there is something I'm not aware of you should be fine.

K.I.S.S.
  • #49,202
  • Dec 4, 2009 3:28am Dec 4, 2009 3:28am
GBPCHF Breakout+retrace+PA(not so good)

USDJPY PA+retrace
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  • #49,203
  • Dec 4, 2009 3:29am Dec 4, 2009 3:29am
Quoting nasir.khan
Breakout+retrace+PA
Funny nasir, I think we both entered at around the same time, but slightly different plays. Good luck
  • #49,204
  • Dec 4, 2009 3:30am Dec 4, 2009 3:30am
Quoting KissFan
It shouldn't. My broker charges the spread only on entry as most brokers. Unless there is something I'm not aware of you should be fine.

K.I.S.S.
K, . Thanks a lot
  • #49,205
  • Dec 4, 2009 3:30am Dec 4, 2009 3:30am
Quoting Jlr
Stupid question, if you guys don't mind answering. What happends if I am in a play and the spread widens drastically? Does this effect me in any way? Never had a position open during nfp, and a bit scared.
really? it's NFP?

just kidding.

I've never read nor care about the news, I always put my stops behind some trusty PPZ, or, better yet, at BE, never hurts me for the time being .

but maybe someone else has a better prespective
  • #49,206
  • Dec 4, 2009 3:33am Dec 4, 2009 3:33am
Quoting marcelnyo
really? it's NFP?

just kidding.

I've never read nor care about the news, I always put my stops behind some trusty PPZ, or, better yet, at BE, never hurts me for the time being .

but maybe someone else has a better prespective
Ya, to be honest, could really careless myself hehe. Just worried that the spreads shots up to 150 and I get taken out for a loss all of a sudden. I'll just be at B/E and actually sleeping tonight
  • #49,207
  • Dec 4, 2009 3:35am Dec 4, 2009 3:35am
Quoting Jlr
Funny nasir, I think we both entered at around the same time, but slightly different plays. Good luck
Not yet my order is sitting at 1.6610.

Just being Curious what is your play???

anyway good luck.
  • #49,208
  • Dec 4, 2009 3:35am Dec 4, 2009 3:35am
Quoting nasir.khan
GBPCHF Breakout+retrace+PA(not so good)

USDJPY PA+retrace
I'm still holding on a GBPCHF short too, good luck
  • #49,209
  • Dec 4, 2009 3:37am Dec 4, 2009 3:37am
Quoting Jlr
Ya, to be honest, could really careless myself hehe. Just worried that the spreads shots up to 150 and I get taken out for a loss all of a sudden. I'll just be at B/E and actually sleeping tonight
BE is the way to go! don't we all love the good night sleep at the weekend... not... I can't wait till monday again, weekend is too boring for me LOL.
  • #49,210
  • Dec 4, 2009 3:39am Dec 4, 2009 3:39am
Quoting marcelnyo
I'm still holding on a GBPCHF short too, good luck
I had a little one also yesterday.

http://www.forexfactory.com/showpost...ostcount=49112
  • #49,211
  • Dec 4, 2009 3:41am Dec 4, 2009 3:41am
Quoting marcelnyo
BE is the way to go! don't we all love the good night sleep at the weekend... not... I can't wait till monday again, weekend is too boring for me LOL.
Amen, can't stand to be away from my charts for that long. Even when I go on vacation I'm supposed to be having fun, but all I can think about is trading. Such a bad addiction, but I love it.

Nasir, just a simple retrace of daily BEOB. I liked the PPZ there, felt really perfect to me. Perhaps there is better, but it was a good one no doubt.
  • #49,212
  • Dec 4, 2009 3:44am Dec 4, 2009 3:44am
Quoting nasir.khan
Breakout+retrace+PA
hi mate, be carefull there,i have that TL well broken allready, i only connect lows/highs to lows/highs and close to close prices though. i dont like to mix them as it becomes very like curve fitting your lines to fit price.
jon

sorry cant post charts right now.
PATIENCE... DISCIPLINE
  • #49,213
  • Dec 4, 2009 3:52am Dec 4, 2009 3:52am
Quoting g_j_hook@yah
hi mate, be carefull there,i have that TL well broken allready, i only connect lows/highs to lows/highs and close to close prices though. i dont like to mix them as it becomes very like curve fitting your lines to fit price.
jon

sorry cant post charts right now.
Thank for the advise bro.

Well i never fit TL's to reach the PA of my liking but i do want them to touch as many high+low+close as possible.

Some charts for you if you could make some comments.
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  • #49,214
  • Dec 4, 2009 4:11am Dec 4, 2009 4:11am
Quoting Jlr
Nasir, just a simple retrace of daily BEOB. I liked the PPZ there, felt really perfect to me. Perhaps there is better, but it was a good one no doubt.
I can't believe i missed that Daily BEOB. my entry would have right where my stop is.

But you have to deal with it when you have a day JOB.
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  • #49,215
  • Dec 4, 2009 4:31am Dec 4, 2009 4:31am
Quoting nasir.khan
I can't believe i missed that Daily BEOB. my entry would have right where my stop is.

But you have to deal with it when you have a day JOB.
Me too ,hope Mr.NFP will give way
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Respect a man, and he will do all the more.
  • #49,216
  • Dec 4, 2009 4:31am Dec 4, 2009 4:31am
Quoting marcelnyo
I'm still holding on a GBPCHF short too, good luck

morning all,

marcelnyo, nasir i'm also short gbp/chf off the back tl & resistance test.... looking for the bottom and some pa to show the way.

regards

ic
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  • #49,217
  • Dec 4, 2009 4:31am Dec 4, 2009 4:31am
Many thanks mbqb11.

That post at the link covers everything that I was wondering about.

Quoting mbqb11
Hey Shephrd

My exit methods are based on each individual trade situation. They vary greatly. For some more insights this post might help you

http://www.forexfactory.com/showpost...ostcount=36491

The times I will really hold on are on major major reversals. These are huge bars or the perfect bar in the perfect location.

Hope that post helps give you more of an idea

Mike
"Dare to live the life you have dreamed for yourself. Go forward and make y
  • #49,218
  • Dec 4, 2009 4:37am Dec 4, 2009 4:37am
Im still holding this fellow....why? Because i'm his number 1 favorite fan
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Respect a man, and he will do all the more.
  • #49,219
  • Dec 4, 2009 6:03am Dec 4, 2009 6:03am
a quick one.
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  • #49,220
  • Edited 6:39am Dec 4, 2009 6:26am | Edited 6:39am
Quoting nasir.khan
a quick one.
Still interesting....
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