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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

  • #51,761
  • Jan 16, 2010 3:52am Jan 16, 2010 3:52am
Quoting Hova
and on weekly, with only 12 trades ( 100% wins ) im up 10% on the account with another ~10% floating (all stop's @ BE)
You just made my day there...thnx

g.
I believe . . .
  • #51,762
  • Jan 16, 2010 4:02am Jan 16, 2010 4:02am
Thx for the Voucher ghous, im really honored!
Never whishing, always trading.
  • #51,763
  • Jan 16, 2010 4:05am Jan 16, 2010 4:05am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Hova
In one month now, on daily i got a win rate about 75% (still not picki enough!)

don't try to push whats not there, you will start to miss the bigger moves, if your winning 75% and only losing 25%, even if the lose was equal to one win you still winning.

getting in is easy, but managing the trade and controlling the exits is the hard part, you have to take the loses as there will always be some.

but the goal is to minimise the lose and controll the gains,

as the saying goes

Cut your loses short and let winners run
a lose that follows your rules is still a win - your in control

happy trading
  • #51,764
  • Jan 16, 2010 2:06pm Jan 16, 2010 2:06pm
Quoting mbqb11
phew that would be a huge rant. I wish I could find a post of mine and also another post someone made(may have been diallist) about this topic.

Basically the stages are huge and numerous but I will try to be brief and general.

Mike

Quoting mbqb11
ok man some people are going to want to punch me b/c I know my rants are long. But I will post this other one I just made today. This was the patience one I said I put in the PF.

Please remember these are just my thoughts and don't take anything personal anyone.


_____________________________

I probably will go over a few topics that are almost psychological and I will preface them all by saying. If you have not yet spent a great deal of time in fijis corner, you are doing yourself the biggest disfavor I know. Most people think once you...

Nice Mike. I knew I would come across at less one rant from you over the last couple of months. lol

I swear I still learn something new from each and every one of them, especially when I re-read them as my experience grows.

Good stuff.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #51,765
  • Jan 16, 2010 2:22pm Jan 16, 2010 2:22pm
Just spotted this daily pin on cad/chf....i don't see much confluence as you guys teach me,except a PPZ and a round number 1000 (big one)...

How do you rate this??

thanks...
Attached Image (click to enlarge)
Click to Enlarge Name: cadchf.gif Size: 13 KB
Patience is essential
  • #51,766
  • Jan 16, 2010 2:24pm Jan 16, 2010 2:24pm
can anyone tell me where to download the .pdf filled with james's price action patterns? Cheers,

mank
  • #51,767
  • Jan 16, 2010 2:35pm Jan 16, 2010 2:35pm
Quoting mankeyinc
can anyone tell me where to download the .pdf filled with james's price action patterns? Cheers,

mank
Yeh! I want to know too!
  • #51,768
  • Jan 16, 2010 2:36pm Jan 16, 2010 2:36pm
here you go!!!
Attached File(s)
File Type: pdf Pin bars-advanced.pdf   113 KB | 647 downloads
File Type: pdf Pin bars-introduction.pdf   175 KB | 635 downloads
Patience is essential
  • #51,769
  • Jan 16, 2010 2:38pm Jan 16, 2010 2:38pm
and this too
Attached File(s)
File Type: pdf price action.pdf   45 KB | 1,025 downloads
Patience is essential
  • #51,770
  • Jan 16, 2010 2:47pm Jan 16, 2010 2:47pm
Quoting benem
Just spotted this daily pin on cad/chf....i don't see much confluence as you guys teach me,except a PPZ and a round number 1000 (big one)...

How do you rate this??

thanks...
I wouldn't rate it as an A+ but it does have good potential.

The location is definitely in its favor as opposed to the lack of size and structure of the PB. Also being on top of the weekly range with the 150 weekly ema I would consider added confluences.

This ranging weekly market could continue. A hard break would keep me in it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: weekly cadchf1.gif Size: 24 KB
Click to Enlarge Name: weekly cadchf.gif Size: 31 KB
Indicators show the past. Price Action "Indicates" the future.
  • #51,771
  • Jan 16, 2010 2:49pm Jan 16, 2010 2:49pm
Thanks for your replay Sir Jarroo.
Patience is essential
  • #51,772
  • Jan 16, 2010 2:51pm Jan 16, 2010 2:51pm
thanks benem
  • #51,773
  • Jan 16, 2010 2:58pm Jan 16, 2010 2:58pm
Quoting benem
Thanks for your replay Sir Jarroo.
How nice was that BEOB (in yellow) Now that was very close to an A+ setup. Very nice confluenced level at the 1.0000.

Maybe its got another drop down in her. We shall see.
Attached Image (click to enlarge)
Click to Enlarge Name: dailycadchf1.gif Size: 31 KB
Indicators show the past. Price Action "Indicates" the future.
  • #51,774
  • Jan 16, 2010 3:24pm Jan 16, 2010 3:24pm
Anyone eyeing the Weekly Usd/Chf PB ?

A+? Probably not. Lets see how it breaks. (if she breaks)
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #51,775
  • Jan 16, 2010 3:41pm Jan 16, 2010 3:41pm
I wonder if ghous is looking at this IPB on the weekly Usd/Cad. It may be to small to quailfy, although looks good in structure. You have to love the Location . . . Weekly PPZ level at the 1.0300, very nice.

The 4 hour BUOB (also 8 hour BUOB) maybe giving us the hint with the 1.0250/1.0300 as our protection. Consolidation may be developing on the upside.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cad weekly.gif Size: 24 KB
Click to Enlarge Name: cad 4hour.gif Size: 24 KB
Indicators show the past. Price Action "Indicates" the future.
  • #51,776
  • Jan 16, 2010 4:29pm Jan 16, 2010 4:29pm
Hey jarro what is ipb may i ask?
  • #51,777
  • Jan 16, 2010 5:12pm Jan 16, 2010 5:12pm
Quoting fxlan
Hey jarro what is ipb may i ask?
Inside Pin Bar
  • #51,778
  • Jan 16, 2010 5:14pm Jan 16, 2010 5:14pm
Hi I was going through the charts ans saw this DHLC that closed below 4 similar ranging week bars. How would you rate this? Do you think price will have support at 61.8 fib or go all the way to 0.87, or just start going up on tomorrow open back again to 0.90?
http://farm3.static.flickr.com/2802/...119f7301_o.gif
  • #51,779
  • Jan 16, 2010 5:54pm Jan 16, 2010 5:54pm
Quoting jarroo
How nice was that BEOB (in yellow) Now that was very close to an A+ setup. Very nice confluenced level at the 1.0000.

Maybe its got another drop down in her. We shall see.
Since the high of the pin is lower than the previous high would'nt that add to the bearish outlook of the setup or be an additional cfm.
Conquer the beast with disciplined determination and intellegent control.
  • #51,780
  • Jan 16, 2010 6:31pm Jan 16, 2010 6:31pm
Quoting jarroo
Anyone eyeing the Weekly Usd/Chf PB ?

A+? Probably not. Lets see how it breaks. (if she breaks)
Im watching this one too
My first target would be around 1.0350, massive restistance in this area, ppz, 23% fib of previous down move.
Move stop to BE fast.

but i would love to see it go up, and then retrace with a nice long
PB @ 1.095 - 1.1 (ppz and 50% fib area)
Never whishing, always trading.
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