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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

  • #52,301
  • Jan 21, 2010 5:18am Jan 21, 2010 5:18am
Something to look at, but against strong trending
PA can show the way
strong divergence, daily ppz, swing low
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"""" --- -- - << ..:: ALM ::.. >> - -- --- """"
  • #52,302
  • Jan 21, 2010 5:21am Jan 21, 2010 5:21am
1 third unload, waiting to unload another third...
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Back to the beginning ... demo
  • #52,303
  • Jan 21, 2010 5:36am Jan 21, 2010 5:36am
Divergence in place, where is that PA ?
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  • #52,304
  • Jan 21, 2010 5:37am Jan 21, 2010 5:37am
Half unload...
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Back to the beginning ... demo
  • #52,305
  • Jan 21, 2010 5:37am Jan 21, 2010 5:37am
Quoting Treefingers
I like your thinking.

Thanks mate, i cant take my eyes off that pair right now.

Hunri
  • #52,306
  • Jan 21, 2010 5:38am Jan 21, 2010 5:38am
Quoting Almfx
Something to look at, but against strong trending
PA can show the way
strong divergence, daily ppz, swing low
Attachment
Just 40 pip away is a station where train may halt for a moment,

and then.....

who knows.........

But the price will tell us.
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  • #52,307
  • Jan 21, 2010 5:39am Jan 21, 2010 5:39am
Quoting goldtrader
1 third unload, waiting to unload another third...
I was curious to see if anyone played that pin ! lol
  • #52,308
  • Jan 21, 2010 5:47am Jan 21, 2010 5:47am
Quoting james16

WOW!!!!!....what a pig!!!
Cute little Texas pig .......That was killed near the town of Cut-N-Shoot TX. We call them Piney Wood Rooter's.
Over 1800 lb. wild boar shot and killed in Conroe , Texas near the
Whoah ...Dude. What would ya do??? That's a small car charging at you!!!

Seen a big koala today...
Bundy's status today: "Waiting..."
  • #52,309
  • Jan 21, 2010 5:48am Jan 21, 2010 5:48am
Quoting Treefingers
I have friends that slept with worse looking pigs then that
LOL ...You can't say that, man!!!
Bundy's status today: "Waiting..."
  • #52,310
  • Jan 21, 2010 6:00am Jan 21, 2010 6:00am
This is gbp/aud, DBLHC (within 1 pip) & a IB about to close on 1h chart.

Too short a time frame for me but thought it looked interesting
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Learning to be rigid in my rules & flexible in my expectations
  • #52,311
  • Jan 21, 2010 6:04am Jan 21, 2010 6:04am
Quoting bundyraider
Whoah ...Dude. What would ya do??? That's a small car charging at you!!!

Seen a big koala today...
There are tens of thousands of acres of national forest here in Conroe. No telling how big these things can get. I find tusks from time to time when I ride through there on my dirtbike. My daughter has a nice necklace that she sports with a 6 inch tusk. The only place that I allow my kids to ride is a 850 acre tract that is high fenced. These feral hogs are not a joke by any means and are extremely dangerous to humans. The good news is that much of this meat finds its way to the needy in our area.

K.I.S.S.
  • #52,312
  • Jan 21, 2010 6:17am Jan 21, 2010 6:17am
my current trade (higher time frame setup/lower tf trigger), I see the 7.5 area but i think with the size of the OB we are going to see that ppz (grey area) atleast compared with the cost of finding out (0.4%).

Hunri
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  • #52,313
  • Jan 21, 2010 6:28am Jan 21, 2010 6:28am
Quoting KissFan
Looking at this with more interest now. The previous daily swing high was 1.7020. I have a green line alerter set at that level. No divergence on MACD. Let's have a convincing close today. No secret that I'd like to short.

K.I.S.S.
I had to switch over to FXPro to catch this pin formation on 4hr. Alpari and IBFX displayed other variations of PA. Let's see how this closes today. I'm at +63.

K.I.S.S.
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  • #52,314
  • Jan 21, 2010 6:31am Jan 21, 2010 6:31am
Quoting james16
I lived here as a kid....
Must be some secret government project... they'll deny every connection to it though...
  • #52,315
  • Jan 21, 2010 6:37am Jan 21, 2010 6:37am
Quoting mbqb11
well I know James thinks that is a big animal but here in NY we have these HUGE scary creatures. They will literally eat your NUTS
This and Jim's post made me rethink about moving to the US... there are many dangerous creatures out there...

Quoting pipmyride
The ride was good while it lasted
However after moving my final position the thing naturally took me out to within 3 pips ...
oh well ... i look to reposition for the remainder of the ride
Me too, but it wasn't a setup I like, proves that PA is very reliable...
  • #52,316
  • Jan 21, 2010 6:43am Jan 21, 2010 6:43am
Quoting pippito
We share the same sentiments.. I have the same experience with GBPUSD.
Although this was a breakeven trade, I'm not too disappointed because I traded my plan. I had my stoploss initially above the high of the pinbar and only moved it to breakeven when price had moved 30+ pips. I had my stoploss at the round number and PPZ, 1.6300 plus 10 pips.

Looking at the 4 Hour chart, there is a lesser PPZ around 1.6320 that could have been used, but you've got to draw the line somewhere, I feel.

Did you use a similar strategy?

  • #52,317
  • Jan 21, 2010 6:44am Jan 21, 2010 6:44am
Quoting Dan Gilbert
despite all the doubt from others in this thread, I took this trade regardless... SL @ b/e... first profit target around the 91.92 zone
I figure if a trade is within your comfortable risk profile, then there's nothing to stop you from doing it, right? your trade also proves that you're very confident in your decisions, I'm learning a lot from you
  • #52,318
  • Jan 21, 2010 6:50am Jan 21, 2010 6:50am
I used a fixed stoploss. I was stopped at +10pips in my entry. I wasn't able to ride on it. But, its okay. I'm working more on this strategy.

Quoting takingthepip
Although this was a breakeven trade, I'm not too disappointed because I traded my plan. I had my stoploss initially above the high of the pinbar and only moved it to breakeven when price had moved 30+ pips. I had my stoploss at the round number and PPZ, 1.6300 plus 10 pips.

Looking at the 4 Hour chart, there is a lesser PPZ around 1.6320 that could have been used, but you've got to draw the line somewhere, I feel.

Did you use a similar strategy?

  • #52,319
  • Jan 21, 2010 6:54am Jan 21, 2010 6:54am
Quoting jarroo
This is pretty wild video.

Are they good eats? I've been to a few pig roast and its been the best meat I've ever tasted.

http://www.youtube.com/watch?v=iLp6D...eature=related
In Bali, Indonesia, the most famous local food is pig roast, it's really delicious with very crunchy skin, but they use farm pigs, not boars, the only boar I've ever eaten was cooked by a local "batak" (a tribe here, indonesia has a very diverse population), it's really spicy, cooked with coconut milk and very hot chilli.
  • #52,320
  • Jan 21, 2010 6:55am Jan 21, 2010 6:55am
Hi there !

Thanks SC ! I still have a lot of things to learn from you guys.

I've been busy reading the first few hundreds of pages here.

Quoting supremeChaos
Hello fellow countryman ,
u should based your SL on the PA setup u are trading (or on a Support/resistnace or PPZ), not on some arbitrary number.

for example, if u are trading short based on a bearish PB.... your stop should be 5 - 10 pips (or more, depending on your risk profile) above the bearish PB.
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