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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

  • #52,401
  • Jan 21, 2010 3:35pm Jan 21, 2010 3:35pm
Quoting dobe_r_man
I really feel like the black sheep of the family on this trade ...
I'm with you on this one Nathan...

As it gets near the close, I just don't like its size in comparison to the other bars. In addition, the close seems more like a neutral bar than a long pin rejecting the prior free-fall.

The way it's looking... it might just barely close inside the left eye (if at all). I'm not saying it won't get to 1.4250, but the demo scars on my back have taught me better.

Now... about that GBP/CHF

-- Danny
  • #52,402
  • Jan 21, 2010 3:39pm Jan 21, 2010 3:39pm
damn nice.



Quoting Pip Pride
This week so far I have taken 5 trades. Out on one at B/E. One reached TP3. One reached TP1 then fell back to B/E. The last two reached TP1 with 2 positions still on, each in profit (SL at B/E).

The account is 3.5% in profit (540p) with 4% (620p)on the table.
  • #52,403
  • Jan 21, 2010 3:41pm Jan 21, 2010 3:41pm
The EURAUD might finally be starting to make a bounce off the Very strong support.

Attached Image
Going to go Hunt for some large pips
  • #52,404
  • Jan 21, 2010 3:44pm Jan 21, 2010 3:44pm
Quoting jarroo
Again nice trade Dan. Target hit nicely, although a bit lower then 91.92.

PA Rules!
I updated my status on that one - - came out @ b/e for me... I'm happy about it though. tight management made it a non-losing trade ... not to mention all the other opportunities to get in on other pairs, I'm not worried at all. this has been an opportunity filled week to say the least...
Many choose unhappiness over uncertainty.
  • #52,405
  • Jan 21, 2010 3:47pm Jan 21, 2010 3:47pm
Thanks for precious advices. I'm going to take them into my trading life.
- number of charts - reduction
- try to focus only on daily (would be hard 4h and weekly are so tempting)
- more looking at charts less writing posts (less spamming )

By the way Pip Pride your results are great. I could be learning from you.
  • #52,406
  • Jan 21, 2010 3:51pm Jan 21, 2010 3:51pm
Quoting relict07
The EURAUD might finally be starting to make a bounce off the Very strong support.

Attachment
AUDUSD sitting right on 9000 worth keeping an eye on for a break
Learning to be rigid in my rules & flexible in my expectations
  • #52,407
  • Jan 21, 2010 3:54pm Jan 21, 2010 3:54pm
we've been in wait mode and just had to be patient for it and we were rewarded nice
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  • #52,408
  • Jan 21, 2010 4:01pm Jan 21, 2010 4:01pm
Quoting mbqb11
we've been in wait mode and just had to be patient for it and we were rewarded nice
epic. I saw that bar but i'm too busy w/ a couple other positions to be bothered . Very nice trade.
Many choose unhappiness over uncertainty.
  • #52,409
  • Jan 21, 2010 4:06pm Jan 21, 2010 4:06pm
Quoting mbqb11
we've been in wait mode and just had to be patient for it and we were rewarded nice
That H4 chart looks so tempting Mike! So tempted to trade lower time frames , but need to keep my discipline if I don't want to screw up.
Going to go Hunt for some large pips
  • #52,410
  • Jan 21, 2010 4:08pm Jan 21, 2010 4:08pm
Quoting mbqb11
we've been in wait mode and just had to be patient for it and we were rewarded nice
Nice trade Mike... Considering the last time price touched this level (2 times in 2007) price shot up 1000 & 2000 pips, do you give this trade more room to move? In other words, does the significance of the ppz affect your trade management?

Curious about this because these zones are few and far between, but when they get touched it would be nice to milk those pips.

Thanks Mike... great stuff.

-- Danny
  • #52,411
  • Jan 21, 2010 4:13pm Jan 21, 2010 4:13pm
Quoting squeezy
MIKE
tell me you are in ???
i knew Mike would be all over this
hmmmm! ibfx feed, no wonder....was wondering u got in much earlier than on my fxdd feed
are u planning on holding till 1.6 ,from the daily chart ..once we clear 750 ...shld get to 1.6 easily
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Simplicity is the key to success
  • #52,412
  • Edited 4:29pm Jan 21, 2010 4:19pm | Edited 4:29pm
Quoting james16
damn nice.

Wow, a mark from James16 himself. I'm honoured...

These were your PA trades James, thank you so much for what you've given here. When I'm back on my feet, working again and with a start up real acount I'll see you in the PF.

I know these trades were rough and ready J16 PA as interpreted from a newbie - and a good dose of beginners luck with it. I still have a lot to learn. The idea was of the 20 trades, was to absorb the results of that and then I wouldn't fret about a single trade losing etc.

The Weekly Pin Bar on Swissy was the most successful, but the one I liked best was the weekly DBHLC on EURGBP (all on demo)

Once again, thank you James.
Attached File(s)
File Type: pdf Statement.pdf   67 KB | 799 downloads
  • #52,413
  • Jan 21, 2010 4:22pm Jan 21, 2010 4:22pm
Quoting bluetrader
Nice trade Mike... Considering the last time price touched this level (2 times in 2007) price shot up 1000 & 2000 pips, do you give this trade more room to move? In other words, does the significance of the ppz affect your trade management?

Curious about this because these zones are few and far between, but when they get touched it would be nice to milk those pips.

Thanks Mike... great stuff.

-- Danny
Hey danny and this is for squeezy also.

I am really watching the last hump. I manage my trade according to the 4hr. I am more or less looking towards the 1.5800 area I wouldn't be surprised to see 1.5980 area but I will decide as we move. I have no set take profit and reduced my stop under 1.55 so I am just going to watch and see how things mature.

Best
Mike
  • #52,414
  • Jan 21, 2010 4:23pm Jan 21, 2010 4:23pm
I got stopped out of my euraud overnight, i took it on the small 4h pin with a Trailing Stop but sadly not enough to breath & lost about 20pips.
Learning to be rigid in my rules & flexible in my expectations
  • #52,415
  • Jan 21, 2010 4:28pm Jan 21, 2010 4:28pm
Quoting mbqb11
we've been in wait mode and just had to be patient for it and we were rewarded nice

Hello Mike,

Miss the 4hr, and the Daily bullish bar will make me take the trade too.

Thanks!

PM
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  • #52,416
  • Jan 21, 2010 4:32pm Jan 21, 2010 4:32pm
Quoting relict07
That H4 chart looks so tempting Mike! So tempted to trade lower time frames , but need to keep my discipline if I don't want to screw up.
open up an additional demo account strictly for small TF trades. This is what I did.
Many choose unhappiness over uncertainty.
  • #52,417
  • Jan 21, 2010 4:52pm Jan 21, 2010 4:52pm
Hi guys!
I see a pinbar on EU.
It seems for me C+ setup or so.

Here's a picture with my comment:
http://www.forexfactory.com/attachme...0&d=1264113587
  • #52,418
  • Jan 21, 2010 4:52pm Jan 21, 2010 4:52pm
Is this a good example of a BEOB trade?
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  • #52,419
  • Jan 21, 2010 4:52pm Jan 21, 2010 4:52pm
Hi guys

Anyone think this pin on the swissy is worthwhile. Off of resistance although would prefer a longer nose. What about the 'traffic'? All comments welcome!

berti
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PA is where its at!!
  • #52,420
  • Edited 5:10pm Jan 21, 2010 4:55pm | Edited 5:10pm
Looks like many opportunities this morning with PA, just need to hunt out the best ones.
Learning to be rigid in my rules & flexible in my expectations
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