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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

  • #49,961
  • Dec 17, 2009 7:26am Dec 17, 2009 7:26am
Quoting Bee3a
I'm new here as I'm new to forex.. I'm so grateful for james and the team who put so much information and efforts to ease the way to new aspiring traders..
also I'm thankful I had to be faced with the true consequences and true examples of how bad things can go in this business..
I'll take the stairs instead of the lift and climb step by step..
Thanks for the effort everyone...
Hi Bee,

Welcome to the thread.

Can't wait to see you get a real good start.

Do please feel yourself at home here,

cheers,

Ghous.
I believe . . .
  • #49,962
  • Dec 17, 2009 7:43am Dec 17, 2009 7:43am
Quoting supremeChaos
Hey P,
is it really AutoPivotIndicatorMQ4 or AutoPivotIndicator.MQ4 ?
did u save it into your indicators folder?

if u can, kindly narrate to us the step by step process u took in copying the indicator into your MT4
this may help facilitate the solution to your situation
Hi Supreme it is the AutoPivotIndicator.MQ4. When I carry it onto the chart it opens a window called custom indicator - AutoPivotIndicator.MQ4 . And then nothing happens.

Maybe it is better to remove it and you can show from the beginning?

P
  • #49,963
  • Dec 17, 2009 7:43am Dec 17, 2009 7:43am
Hi Guys,
Took the Short trade on USD/CAD (strong weekly/daily ppz + Round number 1.075 just above & some 4h/1h PA).
Anybody else in that touch trade ?
S/L above 1.075.
Manu
  • #49,964
  • Dec 17, 2009 7:45am Dec 17, 2009 7:45am
Quoting Scot Pippin'
Peter make sure you saved the file under the Indicators folder. Restart MT4.
Hi Scot Pippin,

It is in the custom indicators folder.

P
  • #49,965
  • Dec 17, 2009 7:49am Dec 17, 2009 7:49am
Quoting PeterPan
Hi Supreme it is the AutoPivotIndicator.MQ4. When I carry it onto the chart it opens a window called custom indicator - AutoPivotIndicator.MQ4 . And then nothing happens.
....
im not sure if i have this indicator in the other computer...
anyway, maybe u should adjust some settings first before it works.
or that is a non-working/old/'bugged' version of an indicator.

or u can wait for other suggestions to come here.

Quote
It is in the custom indicators folder
yes, it is in the correct folder
  • #49,966
  • Dec 17, 2009 7:53am Dec 17, 2009 7:53am
I'm in these two trades after break of support, H&S.

What do you guys think of these trades?

P
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp usd 17_12.gif Size: 65 KB
Click to Enlarge Name: aud usd 17_12.gif Size: 66 KB
  • #49,967
  • Dec 17, 2009 7:56am Dec 17, 2009 7:56am
No i only have one full position on this one and its on a demo account Thanks for the input, i think im gonna try to hold it for a while. I try to base my trade management by taking decisions based on the what happen on the timeframe that i took my trade. Lets see how it goes
Quoting supremeChaos
had a quick look at my charts..
here's my view.

i have a downside bias on this. (have been bearish gbp for a while, heheh)
ekling, do u have 2 or more positions on this? demo or live?
may or may not be a runner.
if price stays below 1.61 (noticed earlier that it just broke 1.61), possible destinations 1.58/1.57, 1.53, 1.49/1.50
TAKE A LOOK at the WEEKLY chart: if u put a 365ema & 200ema on, u will notice that it's the first time the 200ema has been below 365ema since May2000. not good


this is the first december that i had a 'good'...
  • #49,968
  • Dec 17, 2009 8:00am Dec 17, 2009 8:00am
This maybe has been posted before, but I'm going to put it here now.....

enjoy!

Inserted Video
Many choose unhappiness over uncertainty.
  • #49,969
  • Dec 17, 2009 8:02am Dec 17, 2009 8:02am
Quoting supremeChaos
or u can wait for other suggestions to come here.
here they come!

feel free to play around with the below...
Attached File(s)
File Type: ex4 ###Auto Pivot2.ex4   16 KB | 368 downloads
File Type: mq4 ###Auto Pivot2.mq4   16 KB | 470 downloads
File Type: ex4 AutoPivotIndicator_ver5.ex4   32 KB | 370 downloads
File Type: mq4 AutoPivotIndicator_ver5.mq4   31 KB | 441 downloads
File Type: ex4 THV4 TzPivotsD (Black).ex4   45 KB | 392 downloads
File Type: ex4 THV4 TzPivotsMW (Black).ex4   23 KB | 402 downloads
meine augen sind die sterne
  • #49,970
  • Dec 17, 2009 8:10am Dec 17, 2009 8:10am
Quoting aserbfx
here they come!

feel free to play around with the below...

Hi Aserbfx,

Where do I download them to?

And whaT do I do after that?

P
  • #49,971
  • Dec 17, 2009 8:11am Dec 17, 2009 8:11am
Sorry about spoon feeding.

P
  • #49,972
  • Dec 17, 2009 8:14am Dec 17, 2009 8:14am
Quoting PeterPan
Sorry about spoon feeding.

P
no problem. put them in experts -> indicator folder. restart mt4. they appear in the navigtor window at the left. just double-click one at press ok. than you got your chart with the indi.
meine augen sind die sterne
  • #49,973
  • Dec 17, 2009 8:15am Dec 17, 2009 8:15am
Nice break on a small pin at S2 level.
Attached Image
"Whether you think you can or can't, you're right." Henry Ford
  • #49,974
  • Dec 17, 2009 8:30am Dec 17, 2009 8:30am
I am curious if any other live traders go through these emotions. Psychology in my opinion is what pushed me into profitable trading in the first place from break-even.

It is a battle I face everyday, though the longer I do it the more it becomes natural and almost a habit. Despite all the pundits regarding TA and support/resistance, I believe charts simply show the emotions of the traders reflected in price action. It is not a science, never will be and simply takes time at the charts. Jim mentioned years of watching charts and then getting to the point that you almost know what is going to happen.

I have had a really great week and probably should be excited about the percentage return and growth in my account. Yet despite that it seems most times after great performance instead of feeling more confident I actually take a step back and feel uneasy. It seems weird or opposite of what should happen and I was curious if the other live traders go through this at all or am I just mental......ha ha...

I don't really trade any differently but it is almost as if I expect some drawdown after a big run up. Any thoughts from the brain trust here?

Nathan
  • #49,975
  • Dec 17, 2009 8:44am Dec 17, 2009 8:44am
Quoting dobe_r_man
I am curious if any other live traders go through these emotions. Psychology in my opinion is what pushed me into profitable trading in the first place from break-even.

It is a battle I face everyday, though the longer I do it the more it becomes natural and almost a habit. Despite all the pundits regarding TA and support/resistance, I believe charts simply show the emotions of the traders reflected in price action. It is not a science, never will be and simply takes time at the charts. Jim mentioned years of watching charts and then getting...
You will get those drawdowns. Maybe you are just preparing yourself for the inevitable. I do. I know its gonna happen but I dont "expect" it. I take every trade with good reason. My reasoning my be flawed from time to time and after a trade palys out, I'll look to see if I should have changed anything. Many times there was just a failure of a price movement to where I expected. Just as a losing trade may help me improve my skills, my winners can teach me that I left money in the market. I just accept as fact that in any business I have ever owned that there will be more profitable sales, contracts or agreements. There will also be those inevitable times that we make no money or evev lose some. No different in this business.

K.I.S.S.
  • #49,976
  • Dec 17, 2009 8:46am Dec 17, 2009 8:46am
Moved S/L to B/E for my USD/CAD short touch trade, let's see where it goes (maybe to next ppz @ 1.065 ? ).
  • #49,977
  • Dec 17, 2009 8:47am Dec 17, 2009 8:47am
Quoting Dan Gilbert
This maybe has been posted before, but I'm going to put it here now.....

enjoy!

http://www.youtube.com/watch?v=eVB-SSkkLnY


Brilliant
  • #49,978
  • Dec 17, 2009 8:52am Dec 17, 2009 8:52am
Quoting KissFan
You will get those drawdowns. Maybe you are just preparing yourself for the inevitable. I do. I know its gonna happen but I dont "expect" it. I take every trade with good reason. My reasoning my be flawed from time to time and after a trade palys out, I'll look to see if I should have changed anything. Many times there was just a failure of a price movement to where I expected. Just as a losing trade may help me improve my skills, my winners can teach me that I left money in the market. I just accept as fact that in any business I have ever owned...
Yeah, I know they are part of the business and I will get them (drawdowns). I don't have a fear of drawdown, just curious if other traders had thoughts like this creep into their head after a big run up in the account. I guess the main thing is I just stick to my trading plan and continue to learn from wins/losses as you said.

I think two of the biggest things for me was learning to minimize losses and accept that there will be times when you should have held on longer (for profits) but in the end it evens out with the trades that you were smart to take your profits that came back hard.

You have a great attitude KISS, I like hearing your thoughts/insights on this board.
  • #49,979
  • Dec 17, 2009 8:53am Dec 17, 2009 8:53am
Quoting dobe_r_man
I am curious if any other live traders go through these emotions...
YES! I sit here and watch everyone placing trades and usually feel the urge to join in. But yesterday I had a really good day so today I'm not willing to just jump in the markets, I'm biding my time and quite happy if I spend the whole day without an entry,
  • #49,980
  • Dec 17, 2009 8:59am Dec 17, 2009 8:59am
Silver sell off in 2 min?

K.I.S.S.
Attached Image (click to enlarge)
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