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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

  • #49,521
  • Dec 10, 2009 1:36am Dec 10, 2009 1:36am
Glad I added to position on gold @ around 1150
  • #49,522
  • Dec 10, 2009 1:38am Dec 10, 2009 1:38am
Nice location.
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  • #49,523
  • Dec 10, 2009 1:47am Dec 10, 2009 1:47am
Quoting KissFan
I'll second this and would like to add that James has spoken of this very thing. I don't want you to feel bad about your returns Trigger just keep them in perspective. You have real friends here and those friends will say what needs to be said. You are spot on in your enthusiasm for this business. You and I could be blood brothers in that regard. I also believe that most of us here are consumate optimists when it comes to our outlook on what is possible for our futures. I don't know how much money you are dealing with but rest assured you will get...

hey Kiss

Thanks for your aprerciate words I'll take in consideration what you have just say.I do like your charts as well and your perspective,learned from it.
Maybe I do have some enthusiasm for my gaining so far,but this is just for a moment because next day I forget it and do not let to interferate in any way with what I do and what I'm doing I have learned from you guys.
From now on I'll post only charts, enough with numbers.

But even when I post some trades that I'm taking them in my tyni live account,I'm panic when somebody is telling me he go opposite and I begin to do mistake,althought in majourity of casess I'm right.
And for my last trade on yen's I was to short almost at the top from where yen got strenght(short gj ej uj),I have post at that momemnt the charts I remember that i say to someone here to keep his short becuse she will go much more lower,and she did go, and after that I also say that after I'll liquidate my position I will look for a fine entry to go long,which I founded on the 5 min chart as I posted here in my last posts and she did go away in few minutes +100pips.

But when I see all those comments that you where saying that I'm not right and some of you says that they have bias for short(maby if you are doing some scalp,wich is fine, but I was aiming for much more than a scalp position,I do take some sclp for time to time but hate them....) I doubted for my position although I knew that I was doing my task and everything should go as I planned .

Anyway I have close my position some at BE some with a tyni loss after she was in my favor more the +100pips,althought as I sayed I was aiming for a much more and for this drowdown shouldn't be worried because she didn't break the key level over the 4h chart at which I was concerned about.

I still have "bias" for long but could be wrong on this so you should not pay attention,I'm not always right on my assumption.

Sorry for my enormous post didn't planned to be so long

wish you the best!!
  • #49,524
  • Dec 10, 2009 1:47am Dec 10, 2009 1:47am
Quoting nasir.khan
Nice location.
Hi Nasir

I am long from the Daily DBLHC so don't talk about shorts now!! Interesting area though, Will be watching to see if it can break through here and act as support.
  • #49,525
  • Dec 10, 2009 1:54am Dec 10, 2009 1:54am
I never play bars like this as they seems to big for my taste. Just trying put some logic in bars like that. We are in swing low and bulls made a big move with a bar engulfing 5 prior bars. This OB had break and technicaly didn't failed jet, but drawdown would be bad and most of us would be out by now. So why bars like that don't shoot up!??

Is that:

- big bars seems to pull back hard before move their way ?
- trend to strong to let them shoot up ?
- PPZ and round nmbr. reject that move further ?

Is better to play bars like this on retrace and not on a break?

Mike...I would apriciate your comment. Thanks

Regards
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  • #49,526
  • Dec 10, 2009 2:00am Dec 10, 2009 2:00am
Quoting ljr
Hi Nasir

I am long from the Daily DBLHC so don't talk about shorts now!! Interesting area though, Will be watching to see if it can break through here and act as support.
Yea this BIG daily bars is scaring me

but just 50 pips......
  • #49,527
  • Dec 10, 2009 2:12am Dec 10, 2009 2:12am
Thanks Mike, Tia, Supreme.

Off for a 6 day hol: my brain needs a rest.

C U next week. Good luck with the trading to all.

P
  • #49,528
  • Dec 10, 2009 2:33am Dec 10, 2009 2:33am
Quoting djmanu
Hi,
Concerning breakout + pullback to PPZ, sometime you've got a nice PinBar around a nice PPZ on the Daily chart, so the thing to do there is to buy Support & sell Resistance.
BUT when you look at the 4h chart, it seems to be a breakout + pullback +PA and the thing to do there is the opposite than shown on the Daily ...
What would you do in that case ?
It seems to be the case today for CADJPY.
Thanks a lot,
Manu
Hi Manu, it can become quite confusing trying to combine different timeframes all at thesame time. I personally like to keep time frames independent of each other and trade what i see based on the timeframe i am looking at irrespective of what any other tf is saying. The only time i tend to look at other tf (esp daily and weekly) is to locate solid points of S/R
  • #49,529
  • Dec 10, 2009 2:46am Dec 10, 2009 2:46am
Hi guys, does anyone know a website that has a position size calculator which calculates both gold and silver and/or how to manually calculate position size for gold and silver.


this is for those who trade off mt4- when you are about to place a pending order u are told that you can only place it ( for eg eurusd) 5pips away from the market price, how do you handle this if your entry price is less than 5 pips from the market price? (this is more obvious when trading crosses and also on the lower timeframe)

Thanks in advance.

Hunri
  • #49,530
  • Dec 10, 2009 2:56am Dec 10, 2009 2:56am
Quoting didymario
Hi guys, does anyone know a website that has a position size calculator which calculates both gold and silver and/or how to manually calculate position size for gold and silver.


this is for those who trade off mt4- when you are about to place a pending order u are told that you can only place it ( for eg eurusd) 5pips away from the market price, how do you handle this if your entry price is less than 5 pips from the market price? (this is more obvious when trading crosses and also on the lower timeframe)

Thanks in advance.

Hunri
hey hunri

you should try onada units calculator, here you go

http://fxtrade.oanda.com/tools/fxcal...lculator.shtml

hope that helps

and for about pending order you should try buy/sell stop insted of limits order, I think this will work, not sure, I haven't face any of this kind of problem
wish you the best!!
  • #49,531
  • Dec 10, 2009 2:59am Dec 10, 2009 2:59am
Hey trig,

Whats your view on this.
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  • #49,532
  • Edited 3:25am Dec 10, 2009 3:14am | Edited 3:25am
Quoting nasir.khan
Hey trig,

Whats your view on this.
for a scalp you can give it a try, but as I sayed befor I do have some "bias" for long,and I may be wrong on this.

Anyway I do expected to go lower(some few pips) and hope to reloaded for my long,if it goes there where i'm looking for the moment, but it could not go there and continue raising without me but this is not a problem,I'll wait for the next opportunities.

And not to mention that at 3:00PM are some news regarding gbp hope that will help price to go where I know it will go, but I'm just a beginner and could be wrong on this to.

I have just dicovered something nasir, do not let anybody to tell what to do,make your homework,find your appropriate style of this principles that are teached here,and give the best you can to achieve your learning curve to a level you could get confidence in your style.

hope that helps

wish you the best!!
  • #49,533
  • Dec 10, 2009 3:39am Dec 10, 2009 3:39am
Quoting triger88990
for a scalp you can give it a try, but as I sayed befor I do have some "bias" for long,and I may be wrong on this.

Anyway I do expected to go lower(some few pips) and hope to reloaded for my long,if it goes there where i'm looking for the moment, but it could not go there and continue raising without me but this is not a problem,I'll wait for the next opportunities.

And not to mention that at 3:00PM are some news regarding gbp hope that will help price to go where I know it will go, but I'm just a beginner and could be wrong on this...
Thanks,
Anyway PB did not broke so no trade.

well i was asking for just your views about it cause you were scalping hell out JPY's lately. lol.

I would't have left this trade just because your were BIASED LONG.

On my side i do all my home work and try to keep it simple also.

Whenever you post charts especially just after taking the trade you often find people on the opposite side (unless that's a A+ or above). Just like NZD/USD one (see last page). But this does not mean that you should change your view about them. But some times people point outthings you just missed out like a trendline, Round number or some big PA in a Higher TF and this is how the learning process goes.
  • #49,534
  • Dec 10, 2009 3:44am Dec 10, 2009 3:44am
Quoting nasir.khan
Thanks,
Anyway PB did not broke so no trade.

well i was asking for just your views about it cause you were scalping hell out JPY's lately. lol.

I would't have left this trade just because your were BIASED LONG.

On my side i do all my home work and try to keep it simple also.

Whenever you post charts especially just after taking the trade you often find people on the opposite side (unless that's a A+ or above). Just like NZD/USD one (see last page). But this does not mean that you should change your view about them. But some times people point...

Nice post.

Trig sorry to say this but it seems as if you are very emotional about this. Let's move on.
  • #49,535
  • Dec 10, 2009 3:57am Dec 10, 2009 3:57am
Quoting wh1zz0
Nice post.

Trig sorry to say this but it seems as if you are very emotional about this. Let's move on.
ok guys

I'll pass all an move on, now lets see what market have to tell us

wish you the best!
  • #49,536
  • Dec 10, 2009 4:47am Dec 10, 2009 4:47am
Scary how these levels work sometimes. I woke up to a nice closed trade on the break of this buob.
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  • #49,537
  • Dec 10, 2009 5:44am Dec 10, 2009 5:44am
Any one on this one.
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  • #49,538
  • Dec 10, 2009 5:49am Dec 10, 2009 5:49am
Hi

I'm looking at Eur/Usd. There is a trend line that has been acting both S/R on the weekly and at the moment is giving support. When you look at the daily, the 64 MA support line has been broken and price may now possibly be wedged in between these. I will be looking to see a break of either of these lines at the moment it seems to be strongly testing the TL for a short, however the long run trend is Long. So we'll see. Appreciate any comments.
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  • #49,539
  • Dec 10, 2009 5:52am Dec 10, 2009 5:52am
Weekly Chart attached this time!
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  • #49,540
  • Dec 10, 2009 6:10am Dec 10, 2009 6:10am
Quoting nasir.khan
Any one on this one.
Lol I just placed the same order before I saw your post.....
Many choose unhappiness over uncertainty.
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