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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

  • #581
  • Dec 16, 2005 12:14am Dec 16, 2005 12:14am
Quoting fx-trader777
Hi Jim,

I think bollinger bands are great with pin bar, If the nose is at the bollinger band this is a great trade.

thanks
what do you set yours at fx and do you like to see the tail protrude thru the bb or just touch it? jim
  • #582
  • Dec 16, 2005 3:38am Dec 16, 2005 3:38am
Quoting james16
what do you set yours at fx and do you like to see the tail protrude thru the bb or just touch it? jim
I think touch is more reliable
kiss the trend
  • #583
  • Dec 16, 2005 4:32am Dec 16, 2005 4:32am
Quoting fx-trader777
Hi Jim,

I think bollinger bands are great with pin bar, If the nose is at the bollinger band this is a great trade.

thanks
Yup, I use them too with standard settings, but with Stochastics. Took 15 pips again on gold today. I know it could've been more, but I'll get the hang of this market soon.

http://www.forexfactory.com/forexfor...tid=2637&stc=1
Attached Image
Keeping it Simple
  • #584
  • Dec 16, 2005 9:50am Dec 16, 2005 9:50am
Quoting habeeb
Yup, I use them too with standard settings, but with Stochastics. Took 15 pips again on gold today. I know it could've been more, but I'll get the hang of this market soon.

http://www.forexfactory.com/forexfor...tid=2637&stc=1
great stuff habeeb, who are you trading with?
  • #585
  • Dec 16, 2005 9:57am Dec 16, 2005 9:57am
Thanks for your answers and examples James & crew.

I know the launch is only weeks away but I think I warm up with another question or two on pinbars, that way I can start to get in the right mindset during Christmas.

James, in the case of this last USD/CAD pinbar. When you say you play the retrace do you mean the retrace between the High of the first bar in the pinbar set up to the low of the second bar (nose), and if so at which level?

Also, what are profit levels? Has anyone found a relationship such as the move will go at least the length of the nose or 80% of the nose, etc.

Thanks and if I should wait until the official launch for these questions just let me know.

I'll go look at past data and keep my eyes open for new ones to demo

Have a good weekend!

Scott
Still haven't found what I'm looking for...
  • #586
  • Dec 16, 2005 10:15am Dec 16, 2005 10:15am
we have great stuff here. Confluence, weekly pin bar and bullish divergence on weekly charts, great entry. I entered yesterday and still keeping position, I want correction towards 1.19 let's see what happens, USDCAD is most trending pair, if we have correction here it would be huge one.
Attached Image
kiss the trend
  • #587
  • Dec 16, 2005 1:20pm Dec 16, 2005 1:20pm
Quoting Scooter
Thanks for your answers and examples James & crew.

I know the launch is only weeks away but I think I warm up with another question or two on pinbars, that way I can start to get in the right mindset during Christmas.

James, in the case of this last USD/CAD pinbar. When you say you play the retrace do you mean the retrace between the High of the first bar in the pinbar set up to the low of the second bar (nose), and if so at which level?

Also, what are profit levels? Has anyone found a relationship such as the move will go at least the length of the nose or 80% of the nose, etc.

Thanks and if I should wait until the official launch for these questions just let me know.

I'll go look at past data and keep my eyes open for new ones to demo

Have a good weekend!

Scott
i am doing a ret of the pin bar itself in other words the entire day.
  • #588
  • Dec 16, 2005 1:25pm Dec 16, 2005 1:25pm
Quoting fx-trader777
we have great stuff here. Confluence, weekly pin bar and bullish divergence on weekly charts, great entry. I entered yesterday and still keeping position, I want correction towards 1.19 let's see what happens, USDCAD is most trending pair, if we have correction here it would be huge one.
fx is playing this in his own way which is fine. if you want to play this a bit more conservative play a buy stop around 1620 to 1625. remember this is the weekly chart and a position trade with the bottom of the pin 200 pips away.
  • #589
  • Dec 16, 2005 2:36pm Dec 16, 2005 2:36pm
Quoting james16
great stuff habeeb, who are you trading with?
I've got live accounts with Global Trader (futures markets) and GCI Trading. The first broker sucks, but I'm using them to practice on higher time frames because their spreads are quite big and the platform doesn't always move with the charts. The second broker is quite nice, since I can trade quite a few markets with them (Forex, Crude oil, Gold, Silver, Dow Jones Industrials, Nasdaq, S&P500, Dax30) on the same platform, no commission and their spreads are small. The only thing I don't like is their charts.

The Gold chart above is from http://www.orionbrokers.com . It's the same as MetaTrader4. I've just seen that they've got oil charts too (cl6f, cl6g).

Enjoy the weekend
Habeeb
Keeping it Simple
  • #590
  • Dec 17, 2005 2:40am Dec 17, 2005 2:40am
Quoting james16
fx is playing this in his own way which is fine. if you want to play this a bit more conservative play a buy stop around 1620 to 1625. remember this is the weekly chart and a position trade with the bottom of the pin 200 pips away.
Thanks Jim,
I entered at 1516 and still keeping open position. My entry was based on daily pin bar. now we have weekly too. No problem I will place stop at 1430 which is 80 pips. I think it worth risking this amount. Then I will look at right eye formation.

Oil is coming too so fundamentals are on my side too.
kiss the trend
  • #591
  • Dec 19, 2005 4:03am Dec 19, 2005 4:03am
Hi Jim,
need to borrow some experience from you. Hope you don't mind. I've entered long on Gold again (yup, finding it alot of fun). Acording to the chart it looks like a good one. Alot of confluence there ... big pin, 2 trendlines converging on the nose (forgot the term you use), 38% fibo, price bouncing off daily pivot.

We've reached a high of $540, then the price came tumbling to $492 but the week still closed above $500. To me it looks like last week was a retrace, and that this week we'll see a retest of the high. Do I wait for this, or do I pull the trade at the Daily R2. Is this a valid conclusion? Sorry, my charts don't have enough history.

Thanx
Habeeb

http://www.forexfactory.com/forexfor...tid=2650&stc=1
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Keeping it Simple
  • #592
  • Dec 19, 2005 2:17pm Dec 19, 2005 2:17pm
Jim,

Congratulations to you and yours! Have a Merry Christmas!
We will see you Jan 2 or there abouts.

Scott
Still haven't found what I'm looking for...
  • #593
  • Dec 28, 2005 9:38am Dec 28, 2005 9:38am
Just returned for from a two day trip to show off my new son to some great grandparents and discovered some early subscribers. THANK YOU. i will be sending out access instructions on jan 2. for those of you who are having problems with paypal because of where you live hang tight i am working on it. i am praying for patience early on as the whole sign up process is time consuming for me and it will take me a little time to get aotomated and organized. i can see early on that administrative stuff may take me several hours a day and thats not where i want to spend my time. please stay tuned here for updates over the next several days. once again thanks for the trust already being shown to our group. jim
  • #594
  • Dec 29, 2005 3:40am Dec 29, 2005 3:40am
Quoting james16
Just returned for from a two day trip to show off my new son to some great grandparents and discovered some early subscribers. THANK YOU. i will be sending out access instructions on jan 2. for those of you who are having problems with paypal because of where you live hang tight i am working on it. i am praying for patience early on as the whole sign up process is time consuming for me and it will take me a little time to get aotomated and organized. i can see early on that administrative stuff may take me several hours a day and thats not where i want to spend my time. please stay tuned here for updates over the next several days. once again thanks for the trust already being shown to our group. jim
Hi Jim,

Have I missed the subscription link? - can't find it anywhere.....
  • #595
  • Dec 29, 2005 3:47am Dec 29, 2005 3:47am
Hi LB,

the subscription procedure's here:

http://www.forexfactory.com/james16_group_profile.pdf
  • #596
  • Dec 29, 2005 5:46am Dec 29, 2005 5:46am
Jim, got other option for non-PayPal country ? Thank you in advance
  • #597
  • Dec 29, 2005 11:23am Dec 29, 2005 11:23am
Quoting firedave
Jim, got other option for non-PayPal country ? Thank you in advance
wow firedave i am honored that you would give us a look. i have tried for two days to get hold of support at EMOCORP which should solve any paypal issues for some people. i have signed up but i dont even think that was necessary. if i am understanding thier system correctly all you have to do is open an account with them and you can simply email payment to my address which is [email protected], it will arrive to me as a printable money order. this issue for some of you is just another bug i need to work out, thanks to everyone for your trust and patience. jim
  • #598
  • Dec 29, 2005 11:38am Dec 29, 2005 11:38am
I just spoke with emocorp and i was correct. all you need to do is open an account with them and you can email payment its that simple. fijitrader told me about them early on and as usual i should have listened to him. if all goes well i may switch to them for all transactions. old fij man, the guy knows something about everything. i know eastmeals needs another option and now firedave. someone give it a try. jim
  • #599
  • Dec 29, 2005 1:56pm Dec 29, 2005 1:56pm
Quoting james16
wow firedave i am honored that you would give us a look. i have tried for two days to get hold of support at EMOCORP which should solve any paypal issues for some people. i have signed up but i dont even think that was necessary. if i am understanding thier system correctly all you have to do is open an account with them and you can simply email payment to my address which is [email protected], it will arrive to me as a printable money order. this issue for some of you is just another bug i need to work out, thanks to everyone for your trust and patience. jim
Hi Jim, surely I'm still a novice and need to learn a lot Thanks for your reply, I will take a look on EMOCORP and let you know if I could use this service
  • #600
  • Dec 29, 2005 2:17pm Dec 29, 2005 2:17pm
Quoting firedave
Hi Jim, surely I'm still a novice and need to learn a lot Thanks for your reply, I will take a look on EMOCORP and let you know if I could use this service
thanks firedave, i think this will be the solution for those of you in firedaves part of the world. let me know. jim
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